In the last few weeks, three separate bitcoin exchanges have reported a halt on processing transactions in dollars — the result of global banks pulling out of high-risk areas. Banks are still exploring blockchain technology in various capacities — as a consortium in Japan recently...
As global banks are pulling out of high risk areas, bitcoin seems to be running into a bit of a problem. In the last few weeks, three separate bitcoin exchanges have said they cannot process transactions in dollars as a result of that pullback. Bitfinex,...
Craig Wright, who has claimed to have invented the bitcoin cryptocurrency under the pseudonym Satoshi Nakamoto, has seen the firm built around his research sold to a private equity firm. The company, nChain Holdings, was sold to Malta-based High Tech Private Equity Fund SICAV in...
Bitcoin’s (BTC) riding high once again as the third week of April rolls to a close. BTC values are rising to approach the all-time highs seen in early March before all the China troubles, the Securities and Exchange Commission denial double whammy and fears of...
The past week saw bitcoin (BTC) rise to near-record highs above $1,230, only to fall sharply during Thursday afternoon trading. At the time of writing, one bitcoin was equivalent to $1,174.45, down 3.46 percent from Wednesday’s close and trending downward still. Bitcoin’s come a long...
Bitcoin’s come a long way since its inception way back in 2008. According to a recent report published by the Cambridge Centre for Alternative Finance, being a bitcoin miner has become incredibly lucrative since the cryptocurrency’s early days. In a nutshell, the way miners generate...
A bitcoin exchange has filed suit against Wells Fargo after the U.S. bank limited its ability to move funds globally. Hong Kong-based exchange Bitfinex filed suit in the U.S. District Court for the Northern District of California, alleging that Wells suspended outgoing wire transfers to...
Bridge21, the startup in Mexico, is aiming to use bitcoin to send money internationally to Mexico. According to a report in American Banker, bridge21 lets users with a bank account in the U.S. send money to a Mexican bank account. Money is withdrawn from the user’s...
A beacon of hope has emerged for bitcoin just in time for spring — and it’s brought up prices with it. While the world’s most popular cryptocurrency recently suffered some defeats in the U.S. at the hands of the Securities and Exchange Commission (SEC), bringing...
