Search results for "cryptocurrency investment"

Man gets over 7 years in prison in cryptocurrency scam

Man who pleaded guilty to securities fraud for cheating investors in his cryptocurrency fund of over $50 million was sentenced to over seven years in prison Wednesday by a judge who questioned the sincerity of his apology. U.S. District Judge Valerie E. Caproni in Manhattan imposed the 7 1/2-year sentence Wednesday on Stefan He Qin, […]

PayPal welcomes cryptocurrency service to the UK

PayPal announced on Monday that it will allow UK customers to buy, hold, and sell digital currencies, starting this week. The cryptocurrency world is growing by the second, prompting organizations around the globe, like PayPal, to take notice. However, there’s a trick to the equation. Initially, the online payments giant will introduce only Bitcoin, Ethereum, […]

Walmart is on the lookout for a cryptocurrency expert

Walmart is officially joining the cryptocurrency bandwagon. The popular American retailer posted on the company’s job listing a new position for a senior director to develop digital currency products, with the potential of including cryptocurrency payments.   If you’re still warming up to the idea of cryptocurrency disrupting our traditional means of finance, then you might be moving on a slower pace as an increasing number of Fortune 500 companies are beginning to work with the digital currencies.   Walmart’s move […]

$600 million stolen in the largest cryptocurrency heist in history

More than $600 million in cryptocurrency has been stolen from the protocol PolyNetwork, in a scheme that’s regarded as one of the largest thefts in the history of cryptocurrency.  In a letter posted on Twitter, PolyNetwork, a decentralized platform that allows crypto coin holders to trade assets across a variety of blockchains, pleaded with hackers to return the haul on Tuesday.  “Dear Hackers,” the […]

Dogecoin has its day; cryptocurrency is latest 'meme' craze

After fans of the cryptocurrency touted April 20, long an unofficial holiday for marijuana devotees, as “Doge Day,” Dogecoin failed to come close to the $1 target that supporters hoped to reach and was falling in late afternoon trading. The goal may have sounded like a low hurdle, particularly when compared against the $50,000 or […]

Celsius wins best cryptocurrency wallet for 2021

London-based FinTech company Celsius has been awarded the Best Cryptocurrency Wallet award in the fifth annual FinTech Breakthrough Awards program which recognizes the top companies, technologies, and products in the global FinTech market today. Celsius generates yield on crypto through its robust crypto-lending business and diversified deployment channels. Celsius manages over $10 billion in cryptocurrencies […]

Cryptocurrency - Adapting to the changes in Financial Technology

Recently, it seems that the global community has jumped aboard the digital currency bandwagon with China’s exploration of a digital yuan, to Facebook’s Libra. Now, Japan are working on a proposal for the county, to issue its own digital currency – the digital yen. This is said to be a joint initiative between the government and […]