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. Get the Full Story Complete the form to unlock...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
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. Get the Full...
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...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
