Hackers are using virus-infected consumer computers to generate bitcoin, according to news from The Wall Street Journal. Unknowing users may be having their processing power commandeered to mine the virtual currency. Cryptocurrencies need large computer networks to process transactions, and users are encouraged to join the network...
Taiwan is the latest country to make comments about bitcoin regulation, according to news from Reuters. Governor Perng Fai-nan of Taiwan’s Central Bank said on Wednesday (Oct. 25) that the cryptocurrency bitcoin should be added to the notification system in the country in order to prevent...
Jordan Belfort—a former stockbroker portrayed by Leonardo DiCaprio in The Wolf of Wall Street—called initial coin offerings, or ICOs, “the biggest scam over.” “It is the biggest scam ever, such a huge gigantic scam that’s going to blow up in so many people’s faces. It’s...
Upper West Side eatery La Sirène is now accepting bitcoin as a form of payment, according to news from The New York Post. Patrons of the New York restaurant, opened by chef Didier Pawlicki, will find that they can pay with cash, check, American Express and...
Two innovators approached a well-heeled investor asking for money. Their sales pitch was very convincing. They told this investor that their innovation was so incredibly cutting-edge that only the hopelessly uninformed would fail to recognize its value. The innovators said that they had picked him...
Russian authorities have decided to regulate the cryptocurrency market, gearing up to have regulations in place by the end of 2017. According to a Reuters news report citing Finance Minister Anton Siluanov, Russian President Vladimir Putin hosted a meeting of senior Russian officials Tuesday (Oct....
A new record cleared by cryptocurrency bitcoin. According to various trackers, the price of bitcoin crashed right through the $5,000 mark for price per coin for the first time in its history. Overall, the price of the coin was up 7 percent and in the...
Abu Dhabi regulators join a handful of other countries that have begun regulating initial coin offerings (ICOs), a popular way for startups to raise capital. According to a news report from CNBC, citing Abu Dhabi’s Financial Services Regulatory Authority (FSRA), the regulator released guidelines for both...
The financial watchdog of Slovenia waded into the debate about cryptocurrencies Monday (Oct. 9), issuing a warning that the digital currencies aren’t regulated and are not backed by the central bank or any other government entity in the country. According to a news report in...
