Square’s stock fell almost 4 percent on Monday (April 30), after a short seller tweeted that the company’s bitcoin efforts might be overhyped, CNBC reported. “SQ-Cash to BTC trading has been insignificant,” Citron Research tweeted. “Even w/ hyper growth still 40% too rich.” In addition, the...
The Federal Reserve Bank of St. Louis isn’t buying into the belief that because bitcoin isn’t tied to a real-world commodity, it shouldn’t have any monetary value. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
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...
In the U.K., The Financial Conduct Authority (FCA) is working on a discussion paper for digital currencies with the Treasury Committee and the Bank of England, The Independent reported. “Cryptocurrency has been an area of increasing interest for markets and regulators globally,” the FCA wrote...
Much has been written about buying bitcoin in specific, and cryptocurrency in general. Whether it’s investing or gambling, whether it’s a good idea or immoral – no ink has been spared in uncovering every angle on cryptocurrency and what its purchase and sale will mean...
Bitcoin – along with Ethereum – experienced its worst first quarter ever, CNBC reported. The cryptocurrency dropped from around $13,400 to just under $7,000 in the first three months of the year, wiping out nearly $120 billion in market capitalization. Over the past quarter, bitcoin...
Visa’s Chief Financial Officer Vasant Prabhu is no fan of cryptocurrency, arguing in an interview with the Financial Times that digital tokens are for criminals and speculators who have no idea what they are doing. Get the Full Story Complete the form to unlock this...
Why steal bitcoin when you can steal the technology that enables one to make more of it? 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...
