There are three types of people in this world: those who love blockchain, those who hate it, and those who still have no idea what it is (but they might jump on the bandwagon anyway just to look cool). In brief, blockchain is the technology...
In response to concerns over bitcoin’s potential effect on the U.S. financial system, the nation’s derivatives regulator will hold two meetings this month to discuss its procedures for listing and trading cryptocurrencies. According to Reuters, the Commodity Futures Trading Commission’s technology and risk advisory committees will...
Charlotte, North Carolina-based Hooters franchisee Chanticleer Holdings saw its share price surge in trading Wednesday (Jan. 3) following an announcement that it is gearing up to launch a blockchain-driven customer loyalty program. According to a report in Bloomberg News, Chanticleer is collaborating with Mobivity Holdings...
Peter Thiel appears to be betting big on bitcoin: Founders Fund, the venture capital firm he co-founded, has accumulated hundreds of millions of dollars of the cryptocurrency. Citing sources familiar with the matter, The Wall Street Journal reports that the Founders Fund has purchased $15...
A cryptocurrency executive who was kidnapped by an armed gang near his office in Kiev earlier this week was freed on Thursday after paying the ransom demand of more than $1 million in bitcoins. According to Financial Times, Pavel Lerner, who runs the U.K.-registered cryptocurrency...
A Goldman Sachs economist has joined the list of those concerned with the impact that cryptocurrencies, such as bitcoin, could have on the U.S. economy. In the report “10 Questions for 2018,” issued late Friday (Dec. 29), Jan Hatzius warned that financial imbalances within the...
The founder of Ethereum has sent out a warning via Twitter, saying he believes cryptocurrency is heading in the wrong direction. Vitalik Buterin, 23, complained on Twitter about the immaturity of communities across the cryptocurrency market, saying they need to understand the difference between enacting positive...
San Francisco-based startup Ripple rose 20 percent Wednesday (Dec. 27) to an all-time high after news that Tokyo-based financial services company SBI Holdings and its subsidiary SBI Ripple Asia have established a “consortium” with some Japanese credit card companies to utilize blockchain technology. Ripple and...
Bitcoin has found another naysayer. This time, Massachusetts’ top securities regulator has issued a warning on the digital currency, calling it “entirely speculation.” “It doesn’t pass the smell test,” William Galvin, secretary of the Commonwealth of Massachusetts, said Wednesday on CNBC. “There is no product...
