Cryptocurrency
Bitcoin, the world’s largest cryptocurrency by market capitalization, has fallen by as much as 50 percent from its all-time high of $20,000 set just a month ago. It’s not just Bitcoin. Ripple (XRP), Stellar Lumens (STR) and Cardano (ADA) were down at least 25 percent on the day each. Ethereum’s Ether (ETH) token shed 18 […]
BitConnect announced it would shut down its lending and exchange services yesterday fueling speculation that it was nothing more than a sophisticated Ponzi scheme. The company, which made its foray into the cryptocurrency scene with an ICO in late December 2016, swiftly cemented its position as one of 2017’s best performing currencies on CoinMarketCap. Three […]
Telegram, the secure messaging platform that recently made headlines for being banned during the Iranian protests, is planning an initial coin offering (ICO) to raise as much as $3 billion, with a pre-ICO sale of $500 million. The ICO, expected in March, would potentially be the largest private cryptocurrency financing to date. Telegram’s Russian co-founder […]
In what is a promising piece of news for the cryptocurrency community, a South African business school has begun to start accepting payments in Bitcoin. The business school, South Africa’s first, is called Red and Yellow. It has campuses in Johannesburg and Cape Town. Red and Yellow has frequently branded itself as a forward-thinking institution. […]
In an embarrassing case of mistaken identity, the retail website Overstock.com has mixed up Bitcoin and Bitcoin Cash, cryptocurrencies with dramatically different valuations. A glitch in Overstock’s payment system granted customers to interchangeably pay with either Bitcoin or Bitcoin Cash. At the time when the glitch was brought to the public’s attention, Jan. 10, one […]
In the closing weeks of 2017 investors flocked to the cryptocurrency market in a big way after seeing the enormous gains that Bitcoin made in just a few short months. Bitcoin traded for less than $5,000 per coin in October. Fast forward to December, and the leader in the cryptocurrency space nearly reached a staggering […]
Visa has terminated its partnership with WaveCrest, a Gibraltar-based digital payment processing company. In turn, this has essentially disabled Bitcoin and cryptocurrency debit cards. A WaveCrest representative stated, “We deeply regret the inconvenience that this has caused to all of our customers affected by this decision.” Several of major debit card service providers have been […]
Because Bitcoin investments have had such amazing returns newbie and veteran investors alike are showing great interest in Bitcoin Alternatives such as Stellar, Ethereum and Ripple. One of the newest virtual currency that is making a big splash on the market these days is Tron (TRX), due to an extraordinary surge in its value last […]
Jamie Dimon, the CEO and chairman of investment bank JPMorgan who said last year that Bitcoin was a “fraud,” seems to have changed his mind on the matter. Nevertheless, Dimon says, don’t expect governments to stand back and do nothing — no currency exists outside their control. While at a JPMorgan conference in San Francisco […]
Reports have emerged that the popular cryptocurrency Monero is routed to North Korea through malware. The report, from cybersecurity firm AlienVault, claim to have detected software that installs code for mining cryptocurrency on unsuspecting computers. The mined coins are then transferred to a server which is supposed to exist inside a North Korean university. The program […]
