Complaints to the Consumer Finance Protection Bureau about bitcoin and other cryptocurrencies are increasing as the prices of both are on the rise. As of August of this year there have been 227 complaints about virtual currency to the CFPB — a fairly notable pick-up...
Bitcoin and Bitcoin Cash, the two popular cryptocurrencies, saw their prices rebound in trading Tuesday (Aug. 22), although Ethereum, a competing cryptocurrency, remained under pressure. According to a news report in MarketWatch, bitcoin’s worth was up 2 percent on the day, reaching $4,139.87. The bitcoin blockchain...
Mark Cuban, the billionaire investor who a few weeks back said bitcoin was in a bubble, is getting used to the new world of cryptocurrency. According to a news report in CNBC, Cuban is backing a venture capital fund focused on cryptocurrency investments. The fund, called...
Cryptocurrencies are experiencing a bit of an identity crisis right now. While there are many parties involved that are deeply invested in it, others are skeptical about its true value. In this year alone, we’ve seen bitcoin valued at just under $1,000 in January to...
Bitcoin investors were in for a wild ride over the weekend, with the cryptocurrency trading below $3,700 and then an hour later trading around $4,135. This recent bitcoin price surge comes on an all-time high of $3,000 set a week ago. While there’s no one...
The race is on to become the next leader in bitcoin mining. As eCommerce continues to see an increase, with online fraud multiplying as a result, many are looking for more secure ways to make payments. The cryptocurrency is one of the larger proponents of...
Since the beginning of the year, the value of bitcoin has yo-yoed, going from just under $1,000 to over $3,000 and down again. One company that’s joining the cryptocurrency game is peer-to-peer (P2P) payment company Abra. Through its mobile app, its customers will now have...
Using bitcoin isn’t exactly the frictionless ‘Uber Experience,’ most consumers are after. The cryptocurrency bitcoin has its fans, its detractors, and its users and non-users and declining users. Count retailers among that last group. As Bloomberg News reports, retailers were on the fence about the...
BlackRock Global Chief Investment Strategist Richard Turnill argued Tuesday (July 11) that loose monetary policy has resulted in a huge run up in cryptocurrency, such as bitcoin, but it doesn’t pose a risk to the financial system. According to a report in Reuters, Turnill said...
