currency

FTC shuts down crypto Ponzi schemers

The FTC has announced that they’ve issued temporary restraining orders and frozen the assets of a team of three defendants who pitched investment advice as the Bitcoin Funding Team and My7Networ

Researchers find that one person likely drove Bitcoin from $150 to $1,000

Researchers Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman have written a fascinating paper on Bitcoin price manipulation. Entitled “Price Manipulation in the Bitcoin Ecosystem” an

Overstock and Coinbase briefly mixed up Bitcoin and Bitcoin Cash

A glitch on Overstock’s website allowed users to send amounts of Bitcoin Cash to Overstock when the system was expecting Bitcoin, leading to drastic discounts on many items. Given that BTC is ab

With markets going crypto-crazy, SEC chairman weighs in

Given the crazy run cryptocurrencies like bitcoin, ether and litecoin have been on in the last week, it was only a matter of time before the Securities and Exchange Commission weighed in. Well, now it

Why is bitcoin’s price so high?

Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. But is this a bubble? Are the gains real

MasterCard has filed a patent on its own blockchain-based money transfer solution

In about 2014, most bitcoin companies quickly pivoted to the "next big thing:" blockchain. Among them were the financial and fintech houses that were eager to avoid SEC scrutiny of their cryptocurrenc

Coin offerings using celebrity glitter may not be golden, SEC warns

A slew of media stars have hitched their stars to various virtual currencies, lending their social media outreach and luster to projects that have seemed less than golden. Now the SEC is warning celeb

Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

Fidelity Investments, one of the world's largest investment firms with $2.3 trillion in managed assets, is taking a long look at cryptocurrencies.  The firm has been experimenting internally with

Luno raises $9M to bring its bitcoin wallet, exchange and services to Europe

Luno, a bitcoin wallet and exchange based out of Singapore, is riding the crypto wave into Europe after it closed a $9 million Series B round for market expansion. The funding was led by new investor

China’s three largest bitcoin exchanges will all stop offering local trading

Well, that didn’t take long. Yesterday, China’s longest running bitcoin exchange, BTC China, announced it will suspend its local trading service at the end of this month, and today the cou

Bitcoin breaks $3,000 to reach new all-time high

Bitcoin has reached a record high valuation of $3,000 per coin to complete a rollercoaster week that begin with the long-awaited split of the cryptocurrency. A number of exchanges, including popular d

From barter to blockchain: A history of money

The Big Bang brought the universe into existence 13.7 billion years ago. Life first appeared on our planet 3.8 billion years ago. Earth witnessed a hominid species, Home erectus, walking upright for t

The Wizards of Armageddon set up shop in Silicon Valley

The Research and Development Corporation (RAND) has helped the U.S. think through some of the toughest scientific and regulatory challenges since the 1940s. This year, the think tank is opening its fi

What should you do before tomorrow’s Bitcoin split?

August 1st is almost upon us and the great Bitcoin “hard fork” is about to confuse the heck out of the casual cryptocurrency observer. Here’s what you should know. Quite simply, if y

Business in the age of Ethereum

Deep Patel Contributor Deep Patel is a serial entrepreneur, marketer and the author of A Paperboy's Fable: The 11 Principles of Success. More posts by this contributor UPS bets on blockchain as the fu

Even the world’s largest bitcoin exchange couldn’t handle this week’s cryptocurrency boom

For those operating a bitcoin exchange -- where people can buy cryptocoins -- you'd imagine that the current surge in value for bitcoin and others like Ethereum's ether coin is a dream come true. The

Naspers pours $5M into Coins, a fintech startup for Southeast Asia’s unbanked population

Prolific investment firm Naspers is making a push into bitcoin and financial services after it backed Philippines-based startup Coins.ph to the tune of $5 million. Coins is focused on offering financi

Elk is a zero clutter currency converter app

There's no shortage of currency converter apps for travelers to load onto their iPhones, but there's also no shortage of badly designed currency converter apps -- so the simplicity and speed of this n

The price of Bitcoin just hit an all-time high

Wow -- Bitcoin just hit an all-time high. The digital currency is currently trading at around $1,186 -- which is about $20 more than its previous all-time high of ~$1,165, which it hit in November 201

Sonos to boost UK prices by up to 25% because of Brexit

Another tech firm is raising its prices in the UK by up to 25 per cent following the June 2016 Brexit referendum vote which triggered a massive drop in the value of pound sterling.
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