The use of Bitcoin as a form of payment has been banned in Vietnam, ZDNet reports. The country’s state bank ruled that all cryptocurrency, not just Bitcoin, was an invalid form of payment. The financial authority released a statement last week declaring cryptocurrency an illegal,...
As of today (Oct. 31), every Bitcoin will be worth approximately$6,125, according to reports from Bloomberg. The value of the digital currency has hit new highs after exceeding the $5,000 and $6,000 price points for the first times earlier this month. In total, Bitcoin is worth...
Whether it was a bit of prescience – or perhaps a bit of prompting – we had a feeling that we might hear from the ecosystem after Karen Webster’s argument for just saying bye-bye to bitcoin. Bitcoin, Webster argues, is likened to the invisible fabric sold to the...
It’s been a big year for cryptocurrency. In particular, bitcoin – the first and best known unregulated, exclusively digital currency – was trading near $6,000 as of late October 2017, with some analysts predicting that in the future, prices will peak somewhere north of $10,000....
Billionaire investor and Saudi Arabian prince Alwaleed bin Talal dismissed Bitcoin on Monday (Oct. 23), saying on CNBC’s “Squawk Box” that he expects the value of the unregulated cryptocurrency to “implode.” The Saudi prince heads Kingdom Holding, a conglomerate based in Saudi Arabia with investments...
Bitcoin surged beyond $6,000 in trading late last week, setting a new record for the cryptocurrency. Citing the CoinDesk Bitcoin Price Index, a Forbes news report said that bitcoin hit as high as $6,003.81 in value on Friday, gaining more than 500 percent so far...
Plenty of industries and companies are eyeing blockchain – the technology that enables cryptocurrencies, such as bitcoin – but when it comes to corporate investors, SBI, Google, Overstock.com, Citi and Goldman Sachs are standing out from the pack. That’s according to a news report from...
Shares of Overstock.com rose 11.6 percent on Tuesday (Oct. 17) as a result of the company’s investment in blockchain, CNBC reports. The stock has reached four-year highs due to investor interest in the technology. Overstock CEO Patrick Byrne has spent three years developing a blockchain-focused...
Russia is making a big move in the digital currency market, announcing that it will soon be offering its own cryptocurrency. According to UK’s Express, the cryptocurrency – dubbed the CryptoRuble – will launch in a few weeks. Once it does, all other cryptocurrencies will...
