Iran’s central bank has banned the country’s banks from dealing in all cryptocurrencies, including bitcoin. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Two men from South Korea were sentenced for running a bitcoin pyramid scheme that stole around 20 billion Korean won ($20 million) from investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
To store payment data, Walmart may be looking to the blockchain. The retailer drafted two patent applications that reference a platform powered by blockchain technology for vendor payments and digital shopping, CoinDesk reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Following an investigation in China, police have taken in multiple suspects in connection with a supposed blockchain pyramid scheme, Cryptovest reported. According to reports, the schemers said that those who invested 3 million yuan could earn 80,000 yuan per day. Authorities said that 86 million...
A crypto startup that seeks to create a “stable coin” has notched a whopping $133 million funding from some big names, TechCrunch reported. Basis, which is seeking to create a coin whose value will stay at around $1, raised the funds from the likes of...
The Chamber of Digital Commerce announced news on Tuesday (April 17) that Discover Financial Services, the payments company, has been added to its executive committee. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Before Cambridge Analytica got caught up in a scandal involving the use of Facebook data, it was thinking of raising money through crypto, Reuters reported. According to sources familiar with the plan, the company had reportedly approached a firm that advises clients about structuring initial...
A YouTube broadcaster, who is famous for his reviews of initial coin offerings (ICOs), is reportedly out $2 million due to an apparent hack, The Next Web reported. Ian Balina was reportedly notified of the hack through comments during one of his livestreams. “Ian, did...
Coinsecure, a cryptocurrency exchange based in India, said Monday (April 16) that roughly $3 million worth of bitcoin were stolen from the company’s bitcoin wallet. The number of bitcoins stolen, the company said, comes to about 438. Get the Full Story Complete the form to...
