Bitcoin isn’t reserved for risk-taking investors only anymore — with the meteoric rise and subsequent decline, bitcoin has become locker room talk among National Football League players. Richard Sherman, a cornerback for the Seattle Seahawks, told CNBC that the rise in bitcoin’s price, which surpassed...
Cryptocurrencies were able to stabilize over the weekend after undergoing a steep sell-off that erased billions of dollars in value for the leading digital currency. According to a report in CNBC on Saturday (Feb. 3), bitcoin reached $8,997.91 based on CoinDesk data, while Ethereum reached...
In one of the bigger back-and-forth stories in digital currency, South Korea has announced that it is definitely for real this time sure that it does not plan to ban crypto-currency exchanges. That news comes care of the government’s finance minister and came as welcome...
Some lawyers are jumping on the cryptocurrency craze, opting to accept payment in bitcoin. According to a report in Law.com, some of the big law firms that have been representing bitcoin and other cryptocurrency companies since 2013 have been accepting bitcoin payments – but in...
Amid the continuing global debate over cryptocurrencies, G20, an international forum for governments and central bank governors, has taken up the gantlet, Reuters reported Friday (Jan. 26). The central bankers and regulators — representing Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, the Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States, and the European Union —...
Bank of America and Citigroup, which currently allow customers to use their credit cards to purchase bitcoin, are looking over their cryptocurrency policies. This comes two weeks after Capital One Financial said it would no longer allow cryptocurrency purchases with its credit cards. According to...
After the Nordea Bank AB decided to ban employees from trading bitcoin, unions are questioning if the policy is legal, Bloomberg reported. But Per Bolund, Sweden’s financial markets minister, wouldn’t comment on the legality of the ban: He said he “would leave that for the...
A group of 600 bitcoin millionaires, at least on paper, were undeterred when – while they were partying on the annual Blockchain Cruise – the price of bitcoin dropped from $13,500 to $10,000, underscoring the risks cryptocurrency investors are willing to take on as they...
Hydro Québec, the largest utility in Canada, is being forced to review its energy strategy amid the surging demand caused by mining of digital currencies. According to last week’s report in Reuters, Hydro Québec’s spokesman said that it won’t have enough long-term capacity to meet...
