The bitcoin network came into existence Jan. 3, 2009, spawning the cryptocurrency market industry. Among other things, the peer-to-peer (P2P) electronic cash equivalent system promised to replace fiat, revolutionize commerce on the internet, and render redundant those financial institutions (FIs) serving as trusted third-party intermediaries...
BitWage, which makes bitcoin payroll services, has debuted a new platform to help people get paid in bitcoin, a report says. The bitcoin payroll services will look and feel different for companies versus for individuals on the new platform. The changes for companies will include...
Bitcoin-accumulating software company MicroStrategy plans to keep investing in the crypto, even as bitcoin’s value has taken some hits in the last few days, according to chief financial officer Phong Le. “Our strategy with bitcoin has been to buy and hold, so to the extent...
According to CNBC, the crypto market has lost $130 billion over the last 24 hours. The selloff comes from investors dumping tech stocks and higher risk assets, especially as investors prepare for tighter monetary policy from the government, including higher interest rates. Bitcoin has gotten...
Bitcoin hit its lowest dollar value since last August as it fell below $37,000 on Friday (Jan. 21), The Wall Street Journal (WSJ) wrote. The selloff didn’t stop here — it was still going below $35,000 as of Saturday. It was back up on Sunday,...
The Securities and Exchange Commission has shot down Anthony Scaramucci’s proposal for a bitcoin investment fund over the risk posed to investors, Politico reported Thursday (Jan. 20). Scaramucci is a financier and, for 10 days in 2017, was the communications director for former President Donald...
Erik Thedéen, a leading European Union financial regulator, thinks the EU should ban the system used to mine bitcoin due to energy use concerns, according to a Financial Times report Wednesday (Jan. 19). Thedéen, speaking with the media outlet, said there should be a ban...
Cryptocurrency technology company Rhodium Enterprises will be the first initial public offering (IPO) for the crypto industry this year, according to a Tuesday (Jan. 18) Cointelegraph report. Rhodium will offer 7.69 million shares at $12 to $14 each, with a valuation almost at $1.7 billion....
Fidelity Digital Assets published a report on crypto trends and their possible impacts earlier this month, including musings on the adoption of crypto by world governments. The report posits that countries that embrace bitcoin might end up better off in the long run. On Monday...
