Buoyed by recent high profile investments, bitcoin reached a new all-time high of $50,000 on Sunday (Feb. 14), according to CNBC. Bitcoin, which is the world’s largest cryptocurrency, saw its value surge by over 5 percent and hit its new record of $49,716, according to...
A California resident, Calvin Cheng, is suing T-Mobile USA, Inc. in the United States District Court for the Southern District of New York over a SIM attack that purportedly led him to lose hundreds of thousands of dollars in digital currency, according to the complaint....
Blockchain mortgage lender Figure is launching a special purpose acquisition company (SPAC) in an effort to raise $250 million, CoinDesk reported on Friday (Feb. 12). Figure co-founder and CEO Michael Cagney filed a prospectus with the Securities and Exchange Commission (SEC) to launch a blank...
Bitcoin has gotten a further boost to its image as Twitter CEO Jack Dorsey posted a picture of his computer running bitcoin “node” software. CNet reported that he let the world know through a tweet. A node helps to validate cryptocurrency transactions and also stores...
Protego Trust Bank N.A. was granted conditional approval for a national bank charter from the Office of the Comptroller of the Currency, the company announced on Friday (Feb. 5). The charter will allow for Protego clients to hold, trade, issue and lend digital assets. The...
In business, as in life, things don’t always work out. For IBM that may be true for its at least some of its blockchain efforts — and possibly for its blockchain unit as a whole. Coindesk reported earlier this week that the tech giant has...
India is looking into a new bill that could ban private cryptocurrencies in favor of a national digital coin, a report says. The bill, titled the “Cryptocurrency and Regulation of Official Digital Currency Bill,” could create a framework in which the official digital currency is...
Cryptocurrency-related crime fell in 2020, according to a blog post from Chainalysis. In 2019, criminal activity constituted 2.1 percent of all crypto transaction volume, which came out to $21.4 billion in transfers. But that number dropped to 0.34 percent, or $10 billion, by 2020, the...
The Mobility Open Blockchain Initiative (MOBI)’s Vehicle Identity (VID) II Working Group unveiled the second part of a vehicle identity standard that uses blockchain technology, according to an announcement. MOBI is a nonprofit alliance that includes automakers, startups and smart city leaders, among others, working on...
