In about three hours, $13 billon of value was wiped out of the crypto market as the values of major digital currencies plunged. Bitcoin dropped by roughly 5 percent and Ethereum and XRP dived by more than 10 percent at around 10:30 a.m. HK/SIN time,...
Bitcoin miners have around $4.7 billion in revenue in 2018 — but because of the cost of electricity, miners are failing to make a profit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The manipulation of cryptocurrencies is getting attention from regulators who have been warning that these digital tokens, and the exchanges they are traded on, could be vulnerable to price manipulation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Ripple, the cross-border payments company and backer of the XRP digital token, said Monday (Oct. 1) that xRapid, its cross-border payments platform, is commercially available with three firms signing on as clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
For years, law enforcement has feared that bitcoin could make money laundering easier. And now, in a new analysis of 2,500 suspected crypto crimes that made use of bitcoin and Ethereum, The Wall Street Journal claimed that nearly $90 million worth of reportedly criminal proceeds have...
In an effort to get more clarity on the regulation of digital currencies, U.S. representatives wrote to U.S. Securities and Exchange Commission (SEC) chairman Jay Clayton. The lawmakers are looking for the official to lay out how the agency plans to regulate digital currency in...
Circle announced on Wednesday (Sept. 26) that, along with the CENTRE open source consortium, it has launched a service to tokenize U.S. dollars and use them on public blockchain on the internet. Get the Full Story Complete the form to unlock this article and enjoy...
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What can you say about a cryptocurrency that shows a meteoric rise, surging more than 80 percent in a day? That maybe … you wished you had some in hand? Beyond that, we’re talking about cryptocurrencies, so the question must be posed, as always, when separating...
