Bitcoin

Bitcoin
Bitcoin Tracker: Bitcoin Flies High
December 02, 2016

Only two days in, and December has already been good to bitcoin. This week saw bitcoin’s price jump over its previous 2016 high to reach a high of $778.14 today (Dec. 2) — well over November’s average price of about $725. Current numbers put the price at...

Bitcoin
Blockchain Opened 10 Millionth Digital Wallet Thanks To Uncertainty
November 24, 2016

Blockchain, the U.K. bitcoin wallet provider, has reportedly opened its 10 millionth digital wallet. In an interview with Business Insider, Blockchain Cofounder and Chief Executive Peter Smith said it is likely it will have its biggest month in the company’s history this November. The surge is...

IRS Targeting Bitcoin-Using Tax Evaders
November 21, 2016

With tax season just a few months away, which means the season for creative forms of tax evasion is soon to begin. Sadly, for those with dreams of using bitcoin to cheat the tax man next year, there is some bad news. The Internal Revenue...

Bitcoin
Bitcoin Tracker: KeepKey Keeps Currency Promise
November 18, 2016

The price of bitcoin saw a steady rise this week after briefly dipping down below 700. The price as of the time of writing sits around $745. —— For this week’s Bitcoin Tracker, PYMNTS spoke with Darin Stanchfield, founder and CEO of KeepKey, the cryptocurrency hardware...

Bitcoin
Florida Man Charged In Connection With Illegal Bitcoin Exchange
November 14, 2016

U.S. prosecutors late last week charged a Florida man in connection with an illegal bitcoin exchange. According to a report by Reuters, Ricardo Hill, 38, was arrested in Florida in October and charged with conspiring to operate an unlicensed money transmitting firm. Hill is linked to...

Bitcoin
Bitcoin Tracker: Bitcoin Black Friday
November 11, 2016

In this week’s Bitcoin Tracker, bitcoin soars, then settles down and plans for its yearly sale abound. Switzerland gives bitcoin a hand by way of rail ticket machine sales, an Australian startup banks on the aptly named Dash and Zcash fervor fades. The election came...

Bitcoin
Bitcoin Tracker: Challengers And Backlogs
November 04, 2016

It’s been a varied week for bitcoin. First, some positive news: Bitcoin’s upward pricing trend continues, more or less. It opened this morning with a value of $742 and peaked at $744 (about as close as bitcoin has come to its year high since it...

Bitcoin
Zcash Finds A Bug That May Stop Private Transactions From Being Mined
November 03, 2016

Zcash, the anonymous new bitcoin alternative that was just launched, found a bug that may stop private transactions from being mined. According to a blog post on Zcash’s website, the company said there is one known bug that causes private transactions to not get mined. “We’re going...

New York Endures Bitcoin Backlog
November 01, 2016

No doubt, new regulations can cause backlogs, inefficiencies and stalling. This may be the case for New York bitcoin regulation and exchange. In June 2015, Benjamin Lawsky was heading up New York’s Department of Financial Services (DFS), when it developed rules for virtual currency firms...