It was a good day for bitcoin, CNBC reported. In late morning trading on Monday (Feb. 26), the cryptocurrency jumped to nearly $10,300. While there didn’t seem to be an apparent reason for the gains, the currency climbed close to $1,000 over 24 hours on...
The man who had claimed to be the founder of bitcoin is being sued for allegedly stealing $5 billion of bitcoin from his former business partner. Craig Wright, who had said he was Satoshi Nakamoto, faces the suit in a Florida court, The Verge reported....
The European Union (EU) announced news on Monday (Feb. 26) that it’s willing to step in and regulate cryptocurrencies if the risks associated with digital tokens aren’t addressed. According to a report in Reuters, citing officials from the European Union, the wild price movements of...
Bitcoin investors may be losing money, but the companies that support this burgeoning market aren’t. Bitmain, a Chinese company that makes bitcoin mining hardware and operates a mining farm, raked in between $3 billion and $4 billion in profits last year. CNBC, citing estimates from...
Of the initial coin offerings that blasted onto the scene in 2017 along with the price of bitcoin, 46 percent have failed. That’s according to Engadget, which — citing data from TokenData — reported that of the 902 ICOs in 2017, 46 percent have failed....
It wasn’t to be: Bitcoin’s rally has seemingly come to an end, MarketWatch reported. The world’s most popular cryptocurrency fell below $10,000 after nearly reaching $12,000. According to Coindesk, it reached $9,604.84 as of 8:14 P.M. And Robinhood is taking on Coinbase with a no-fee...
Enterprise blockchain for global payments provider Ripple announced Wednesday (Feb. 21) that interest in its network has accelerated globally, and the company has surpassed more than 100 members. In a press release, Ripple said two banks — Itaú Unibanco of Brazil and IndusInd of India — and...
A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday (Feb. 21). The commission alleges BitFunder and Founder Jon E. Montroll operated an unregistered online securities exchange and defrauded its...
The age of cryptocurrencies is in its nascent stage, but is fully upon us. And, as with any new industry, there are growing pains. Such is the case with digital currencies. No matter where you stand on the topic — they’re either here to stay or...
