On Wednesday (Jan. 10), Warren Buffett, the billionaire investor, said he believes the bitcoin craze will come to an ending that won’t be good news for investors. In an interview with CNBC, the chief executive of Berkshire Hathaway argued that cryptocurrencies “will come to a...
JPMorgan Chase CEO Jamie Dimon may not be interested in bitcoin, but he does regret calling it a fraud. In an interview with Fox Business Network covered by Bloomberg, Dimon said he wished he hadn’t used that terminology when dismissing bitcoin. “I regret making [those comments],”...
The Securities and Exchange Commission (SEC) is having some fun with the cryptocurrency craze that has resulted in share surges for companies with “blockchain” attached to their names. According to a report in Bloomberg, the Fort Worth, Texas, branch of the government watchdog tweeted about a...
Following in the footsteps of companies seeking to get in on the cryptocurrency craze, Eastman Kodak Co. is launching its own digital currency, Bloomberg reports. The cryptocurrency, which the company is calling Kodakcoin, will be “a photocentric cryptocurrency to empower photographers and agencies to take...
Digital payment company PayPal is not betting on bitcoin as of now. In an interview with TheStreet.com, PayPal chief executive officer Dan Schulman said that while PayPal is focused on innovating in the payment market, it’s not focused specifically on the digital currency. “I think right...
Cryptocurrencies led by real-time gross settlement (RTGS) system Ripple’s XRP fell in trading Monday (Jan. 8) as investors bet its stock surge was a bubble. According to a report in CNBC, Ripple was down 10 percent while bitcoin fell 7.6 percent, and lifecoin dropped 6.4...
Charles Hoskinson, former chief executive and Ethereum co-founder, says change is coming to the world of cryptocurrency in the form of an inevitable crash — and a follow-up consolidation that will clear the unserious players from the board. “My personal opinion is that we’re going...
Western Union is reportedly gearing up to embrace Ripple’s blockchain technology. According to a report in Ripple News, citing an unnamed source, Western Union could adopt the XRP technology at some point in 2018. The comments came as a public feud broke out on Twitter...
Facing pressure from the Chinese government, bitcoin mining collectives are shifting their operations overseas, Bloomberg reports. Bitmain, which runs China’s two largest bitcoin-mining collectives, is setting up a regional headquarters in Singapore and has expanded its operations to the U.S. and Canada. Another mining pool, BTC.TOP,...
