Amid bitcoin’s raging price gains — and its volatility — holders who have struck it rich are putting the pedal to the metal on high-end transactions. In an interview with PYMNTS, Blake Pride-Zorn, general manager of Vegas Auto Gallery in Las Vegas, Nevada, said that...
New York Attorney General Letitia James has warned crypto firms to “play by the rules” or risk getting shut down, according to a press release. Calling cryptocurrency “high-risk,” James said “devastating losses” could occur, the release stated. She said industry members should be properly registered...
MIT’s Digital Currency Initiative has launched a new four-year bitcoin software and security effort research and development program, according to a company announcement. The program is aimed at continuing “to harden the bitcoin network” and “reinforce bitcoin’s security and preemptively shore up any vulnerabilities.” DCI...
San Francisco-based crypto custody firm Anchorage, recently cleared as a bank, has raised $80 million in a Series C funding round, according to CoinDesk. The round was led by GIC, Singapore’s sovereign wealth fund. Andreessen Horowitz (a16z), Blockchain Capital, Lux and Indico also took part,...
J.P. Morgan Chase recently sent blockchain payments between satellites orbiting Earth in a test of the Internet of Things (IoT) payments technology. IoT payments technology will allow consumers to pay for products via their smart devices, like having their self-driving car pay for gas, Umar...
American Green will be expanding its eCommerce platform in March to include bitcoin payments to help people pay for cannabidiol (CBD) and hemp, according to a press release from the company. The company said in the release that ordering its products will become more efficient...
Bitcoin mine operator Northern Data AG is planning to go public and could raise up to $500 million in the initial public offering (IPO), Bloomberg reported. The U.S. IPO would boost the Frankfurt-based company’s “global profile,” according to Bloomberg, citing people “familiar with the matter.”...
Bitcoin has passed another milestone, crossing $57,000 as of Saturday (Feb. 20), according to a CoinDesk report. The price of the coin hit $57,492 on Saturday and then settled back to $57,264,55, up 8.77 percent in the past day. Bitcoin has been surpassing numerous price...
The recent price escalations of the digital currency bitcoin make it a shaky long-term investment, J.P. Morgan said in a memo, Reuters reported on Friday (Feb. 19). “Crypto assets continue to rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits...