After news broke that the Securities and Exchange Commission (SEC) was issuing subpoenas to advisers and tech companies as it looks into initial coin offerings (ICOs), bitcoin dipped by about 2 percent on the news, CNBC reported. The cryptocurrency was up to $10,982.15 as of...
After a U.S. regulator asked Overstock.com for information related to its planned sale of digital tokens, the eCommerce retailer’s shares tumbled more than 10 percent on Thursday (March 1), Bloomberg reported. Through a regulatory filing, Overstock disclosed that the Securities and Exchange Commission (SEC) asked the...
Banking and financial services firm HSBC says its blockchain-based trade finance solution is ready to launch — in pilot phase, at least. According to Wednesday (Feb. 28) reports by the Global Trade Review, the bank’s senior innovation manager, Joshua Kroeker, held a media call and announced that...
With the rise of digital coins, JPMorgan Chase has labeled cryptocurrencies as a threat to its business in its annual 10-K filing. The bank’s comments mirror those by Bank of America (BoA) and Goldman Sachs, Coindesk reported. JPMorgan Chase listed cryptocurrency’s impact on payment processing in...
Following a massive hack last month, Coincheck is reportedly facing more legal pressure from investors seeking the return of their digital assets. Sankei, a Japanese media outlet, stated that an additional 132 investors have joined a class action suit, according to news from Coindesk. Investors who joined the suit,...
Is investing in bitcoin fundamentally bad for the progress of the economy? That is the question posed in a recent New York Times piece, noting that the activity of mining bitcoin alone has huge costs in terms of power and comes as an expensively extracted...
Taiwan’s central bank is looking into implementing blockchain technology in order to improve its operations. According to news from Finance Magnates, Yang Chin-long, the new governor of the bank, spoke about utilizing new technology — including artificial intelligence, Big Data and blockchain — in the country’s...
Following a massive hack last month, Coincheck is reportedly facing more legal pressure from investors seeking the return of their digital assets. Sankei, a Japanese media outlet, stated an additional 132 investors have joined a class action suit, according to news from Coindesk. Investors who joined...
Bitcoin may soon rise again – to $11,000, Coindesk reported. The popular digital currency rose to a high of $10,443 on Monday (Feb. 26). A nearly 30 percent rise in trading volumes – according to CoinMarketCap – helped to fuel that increase. As of Tuesday at...
