Cryptocurrency exchanges in South Korea will be gearing up for a massive tax bill as the country seeks to clamp down on its booming digital currency sector, Fortune reports. According to an official in the finance ministry, exchanges with more than 20 billion won ($18.8...
Due to high risks and “insufficient” protection, the Nordic region’s largest bank will ban its approximately 31,000 employees from trading in cryptocurrencies such as bitcoin, the company said on Monday (Jan. 22), according to news from Reuters. Get the Full Story Complete the form to unlock...
A group of 600 bitcoin millionaires, at least on paper, were undeterred when – while they were partying on the annual Blockchain Cruise – the price of bitcoin dropped from $13,500 to $10,000, underscoring the risks cryptocurrency investors are willing to take on as they...
Hydro Québec, the largest utility in Canada, is being forced to review its energy strategy amid the surging demand caused by mining of digital currencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
No one likes watching ads, and many will go to great lengths to avoid them, including subscription services, time-shifted viewing and pop-up blockers, to name but a few. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. Get the Full Story Complete the form to unlock this article...
IBM has broken the streak: After 22 consecutive quarters of falling annual sales growth, IBM is finally showing some signs of bouncing back. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
In what could be the largest investment of its kind in a blockchain-related firm, a French startup that makes hardware wallets for cryptocurrencies has raised $75 million in a Series B round of funding, CNBC reported. The investment surpasses funding for BitGo and blockchain, which achieved...
Prices go up and prices fall and cryptos capture the imagination of traders, investors…and hackers. As 2018 gets underway, beware the risks beyond trading frenzies – such as being duped by the bad guys, who make off with the digital goods or stage phony IPOs,...