Countries are monitoring cryptocurrencies as a means of cutting down on money laundering incidents. Think the furor over cryptocurrencies will abate? Think again. In the wake of the continued controversy over markets through which initial coin offerings (ICOs) are traded, and after news earlier this...
Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. 31. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year,...
Cryptocurrency was under pressure Thursday (Sept. 14) after Chinese Bitcoin exchange BTCChina announced it would stop all trading as of Sept. 30. According to a report in Reuters, a few hours after BTCChina said it was shutting its exchange, Chinese news outlet Yicai said all Bitcoin exchanges will be...
The Dubai Financial Services Authority (DFSA) warned investors on Wednesday (Sept. 13) that initial coin offerings (ICOs) are complex and risky, joining a growing list of governments to do so. In a statement on its website, the DFSA said ICOs and the systems and technology that support them are...
Imagine shopping for a new outfit, computer or groceries and paying for the purchase with bitcoin. Yes, in a real store. Why not? Love or hate blockchain, there’s no denying that digital currencies have grown in popularity, and there is certainly a market for cryptocurrency...
The Internet Finance Association of China urged members Wednesday (Sept. 13) to avoid trading virtual currency or providing services that have to do with cryptocurrency trading. According to a report in Reuters, the trade group issued the warning because of what it called financial and...
Bitcoin can add another naysayer to its list: JPMorgan Chase & Co. chief executive Jamie Dimon. According to a report in Reuters, Dimon recently stated during an investor conference in New York that Bitcoin “is a fraud” and predicted the cryptocurrency would implode. “The currency isn’t going...
North Korean hackers are increasing their attacks on cryptocurrency exchanges to try to secure bitcoin and other cryptocurrencies. Bloomberg Technology reported that the country’s hackers have hit cryptocurrency exchanges in South Korea and related sites, and also breached an English-language bitcoin news website and collected...
R3 Holdco and Ripple Labs are embroiled in a lawsuit. The two U.S. blockchain startups are suing each other over option contracts to purchase XRP, Ripple Lab’s cryptocurrency. According to a news report in Reuters, citing lawsuits filed late last week, the two blockchain startups...
