Bitcoin falls below $6,000. But the co-founder of a bitcoin exchange says the digital currency will pass the $50,000 mark by year's end. Read more about this at cnbc.com.
India's central bank barred banks on Friday from having any links to virtual currency dealers. Read more about this at cnbc.com.
Jason Rowley Contributor Those dramatic price swings write headlines. And the media, Crunchbase News included, has not been shy in covering bitcoin’s ups and downs. The hype around ICOs is understandable, as well, given that market’s velocity, eye-popping market capitalizations and titillating if unfortunate stories of theft and subterfuge. But the comparatively quiet and
Craig Wright, the self-proclaimed inventor of bitcoin, is accused of swindling more than $5 billion worth of the cryptocurrency and other assets from the estate of a computer-security expert. Wright, who claimed in 2016 that he created the computer-based currency under the pseudonym Satoshi Nakamoto, allegedly schemed to use phony
China’s foreign-exchange reserves posted an 11th straight monthly increase, capping a year of recovery amid tighter capital controls, a stronger yuan and resilient economic growth. The reserves climbed $20.7 billion to $3.14 trillion in December, according to a People’s Bank of China statement on Sunday, compared with a $3.13 trillion
Bitcoin resumed its slide Thursday, dipping below $14,000 as the cryptocurrency’s dizzying drop from a record set 10 days ago intensified. The latest blow to the world’s biggest cryptocurrency came from South Korea, where the government said it was eyeing options for stamping out a What the World’s Central Banks Are
Bitcoin, the biggest cryptocurrency, extended its decline over the long holiday weekend, failing to reverse a selloff that began after an unprecedented rally fell short of breaching $20,000. The drop brings more end-of-year weakness to a market that last week had its worst four-day
Bitcoin has a dirty secret. The cryptocurrency has wowed markets this year with breakneck gains as investors flocked to an asset that exists only in cyberspace. But the laborious creation of each digital bitcoin by private computer networks has real-world consequences in the form of massive energy use — including
The Philippine economy grew more than 6 percent for a ninth consecutive quarter, cementing its position as one of the fastest-expanding in the world. Key Points Gross domestic product increased 6.9 percent in the third quarter from a year earlier, the Philippine Statistics Authority said in Manila Thursday, after expanding
Bitcoin is proving that investing in digital currencies isn’t for the faint of heart. After plunging as much as 29 percent from a record high following the cancellation of a technology upgrade on Nov. 8, the largest cryptocurrency came roaring back in early trading Monday before fluctuating between gains and