China’s biggest banks promised Monday to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban. Regulators appear to worry that despite the 2013 ban on Chinese banks and other institutions handling cryptocurrencies, the state-run financial system might be indirectly […]
Cryptocurrency
After El Salvador’s congress made the bitcoin legal tender this week, eyes turned to this rural fishing village on the Pacific coast. Known to surfers for its pounding waves, El Zonte has had the cryptocurrency in its economy for the past year. Some 500 fishing and farming families use bitcoin to buy groceries and pay […]
DubaiCoin, the digital currency intended to pay for a range of goods and services both in-store and online in the UAE, has been unveiled to be a scam, Dubai’s government said earlier last week. “DubaiCoin cryptocurrency was never approved by any official authority,” the government said on its Twitter account. “The website promoting the coin […]
El Salvador’s Legislative Assembly has approved legislation making the cryptocurrency Bitcoin legal tender in the country, the first nation to do so, just days after President Nayib Bukele made the proposal at a Bitcoin conference. The digital currency, originally created to be money out of the control of governments, can be used in any transaction […]
U.S.-based cybersecurity software company Norton LifeLock announced Wednesday the launch of Norton Crypto, a new feature designed to enable consumers to safely and easily mine cryptocurrency through its trusted Norton 360 platform. Starting this week, select Norton 360 customers in Norton’s early adopter program will be invited to mine for Ethereum. “We are proud to […]
Federal regulators have accused a group of people of promoting a securities offering tied to digital currency that raised over $2 billion from retail investors without being properly registered. The Securities and Exchange Commission filed the civil lawsuit Friday in federal court in Manhattan. It alleges that an outfit called BitConnect used a network of […]
Cryptocurrency has dominated worldwide headlines, taken over the minds of basically every tech enthusiast, FinTech genius, business, and global governments across the spectrum. Everyone is either buying it, investing in it, or mining it; through rise and fall, people are in full swing with crypto wallets popping up as far as the finger can scroll. […]
Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns. “We are concerned about rapid increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk said on Twitter. He added that cryptocurrency is a […]
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 […]
Mastercard announced it will add cryptocurrencies to its network by giving preference to ‘stable coins’ or cryptocurrencies that are linked to fiat currencies such as the U.S. Dollar. Cryptocurrencies such as Bitcoin have been riding an all time high for a number of weeks now, as the digital payment method made strides in gaining confidence […]