Bitcoin took a tumble on Wednesday, dropping as much as 20 percent and dipping below the $10,000 mark, Reuters reported. By early evening, however, the currency had rebounded, hitting $11,153.21 at 5:25 P.M. according to CoinDesk. Bitcoin wasn’t alone in its fall, as other cryptocurrencies...
Bank of America ranks at the top of a list of companies investing in blockchain, with the financial institution (FI) applying for or securing around 43 patents for the distributed ledger technology. According to news from the American Banker — citing a recent study by Envision IP, a...
It seems that North Korean hackers have moved on from movies … to cryptocurrency. The same North Korean hacking group involved with the data theft at Sony Pictures Entertainment was behind attacks on South Korean cryptocurrency users and exchanges last year, U.S.-based researchers said. Bloomberg reported that...
Can blockchain, the distributed ledger technology behind bitcoin and other cryptocurrencies, speed up international trade, historically beleaguered under paperwork and bureaucracy? Container shipping firm A.P. Moller-Maersk and IBM think so, reports Reuters. The companies, each a giant in its industry, have teamed up to create...
Following raids on crypto exchanges, the South Korean government said Monday (Jan. 15) that it will make a decision on a cryptocurrency exchange ban after “sufficient consultation and coordination of opinions.” Last week, CNBC reported that Justice Minister Park Sang-ki said the government was working on...
Colonel Sanders wants customers’ bitcoins. According to Fortune, Kentucky Fried Chicken (KFC) has announced a Bitcoin Bucket, available only in Canada and only for a limited time, for the low, low price of $20 worth of bitcoin tokens. The bucket, which contains 10 original recipe...
The Feds are seeking to put nearly 4,000 bitcoins on the auction block — currently worth approximately $50 million — seized in criminal, civil and administrative cases, BGR reported. On Thursday, the U.S. Marshals Service said it will hold an auction in February to dispose of...
Faced with a whopping number of user signups, a very popular Hong Kong cryptocurrency exchange has decided to limit new customers, Bloomberg reported. Binance.com is adding “a couple of million” registered users every week, with 240,000 people signing up in a single hour on Wednesday...
Messaging provider Line is ready to jump onto the cryptocurrency bandwagon, talking to several companies about using the digital asset for payment services, including Line Pay. According to Bloomberg, the Tokyo-based company’s interest in cryptocurrency is a way to set its products and services apart...
