As the popularity of bitcoin and other digital currencies grows, would it make sense for the U.S. government to create a new watchdog to oversee cryptocurrencies? That’s the question being posed by The New York Times after the leaders of the Securities and Exchange Commission...
Add Charlie Munger, the longtime business partner of Warren Buffett, to the growing list of people who aren’t fans of bitcoin. According to Reuters, Munger called the recent “craze” in the cryptocurrency “totally asinine.” “Bitcoin is noxious poison,” Munger said at the annual meeting of...
The CEO of WePay says that the demand for cryptocurrency isn’t high enough for payment companies to start offering it. Bill Clerico said in a phone interview that his company is client-focused and hasn’t gotten enough requests to support cryptocurrency transactions, according to Bloomberg. While...
Russian scientists working at a secret Russian nuclear warhead plant have been placed under arrest for purported crypto mining. According to a report in the BBC, security officials in Russia made the arrests on Friday (Feb. 9) after the scientists tried to use the country’s...
While larger banks across Europe and the world are cracking down on bitcoin investments, a subset of European small banks is bucking that notion and is actually moving to increase investor access to bitcoin. These banks are also, according to Financial Times reports, advising firms...
For a brief time this weekend, the U.S. government was mining bitcoin — though it wasn’t aware it was doing so. According to Reuters reports, thousands of sites were infected for several hours on Sunday with malware that causes web browsers to mine digital currency...
Two years after legislators in New Hampshire decided that they would not allow their citizens pay their taxes with bitcoin, the Arizona state legislature is mulling a bill that would pave the way for people to pay their Arizona taxes with cryptocurrencies, Coindesk reported. In...
Fit Pay, a unit of NXT-ID, announced news on Thursday (Feb. 8) of the launch of FlipTM, a contactless payment device for cryptocurrency holders. According to a press release, Fit Pay said the new device will enable cryptocurrency holders to use their digital coins to...
And the hits keep coming … to bitcoin’s price. The cryptocurrency’s value was down more than 7 percent on Monday (Feb. 5) to roughly $7,600, a level that would represent a new low not seen in more than two months. That slide occurred as global...
