In the U.K., The Financial Conduct Authority (FCA) is working on a discussion paper for digital currencies with the Treasury Committee and the Bank of England, The Independent reported. “Cryptocurrency has been an area of increasing interest for markets and regulators globally,” the FCA wrote...
Much has been written about buying bitcoin in specific, and cryptocurrency in general. Whether it’s investing or gambling, whether it’s a good idea or immoral – no ink has been spared in uncovering every angle on cryptocurrency and what its purchase and sale will mean...
Bitcoin – along with Ethereum – experienced its worst first quarter ever, CNBC reported. The cryptocurrency dropped from around $13,400 to just under $7,000 in the first three months of the year, wiping out nearly $120 billion in market capitalization. Over the past quarter, bitcoin...
Visa’s Chief Financial Officer Vasant Prabhu is no fan of cryptocurrency, arguing in an interview with the Financial Times that digital tokens are for criminals and speculators who have no idea what they are doing. In the interview, Prabhu said of the bitcoin craze that...
Why steal bitcoin when you can steal the technology that enables one to make more of it? Clearly, this is the question a group of Icelandic thieves pondered before making their move on 600 computers used to “mine” bitcoin. The hardware was reportedly snatched from data...
Many Coinbase customers who were mistakenly overcharged by the cryptocurrency exchange are still waiting for their refunds. According to The Next Web, more than 10 days after some of Coinbase’s users complained of being overcharged—some by as much as 50 times the intended purchase—many still...
PayPal’s chief financial officer, John Rainey, predicted that cryptocurrency will become a popular payment method in the future. During a sweeping interview with The Wall Street Journal over the weekend, Rainey said that the current volatility with bitcoin and other cryptocurrencies makes it impossible to...
Worldpay and Visa disclosed late last week that they are reversing duplicate transactions that resulted in unauthorized withdrawals. According to a report in CNBC, the withdrawals were by some users of Coinbase, the cryptocurrency exchange. “Worldpay and Coinbase have been working with Visa and Visa-issuing...
While there has been plenty to fear when it comes to hackers stealing virtual currencies from online investor accounts, reports of thieves carrying out real-life robberies has the biggest crypto enthusiasts on high alert. According to The New York Times, there have been a “startling...
