Search Results for: Digital currency
How Payment Giants Are Embracing Bitcoin and Blockchain Tech
October 30th, 2015
MasterCard‘s participation in Digital Currency Group’s undisclosed funding round sent ripples of excitement across the crypto-sphere earlier this week. While this is MasterCard’s first crypto-related investment, the multinational corporation is not the first mainstream finance company to dip its toe in ...
MasterCard makes first bitcoin investment
October 29th, 2015
MasterCard has finally dipped a toe in the crypto-currency pool, joining a host of other big name investors backing new bitcoin incubator Digital Currency Group (DCG). MasterCard was joined by Canadian bank CIBC, insurer New York Life and venture ...
The Bitcoin Startup Boom Comes Back Down to Earth
October 27th, 2015
Growth in venture capital flowing to bitcoin startups slowed substantially last quarter, and startups are feeling the pinch. Jeff Garzik has spent the past several months pitching investors on a pretty out-there startup idea. He proposed building computer servers ...
Deloitte: Bitcoin at the crossroads
October 22nd, 2015
There is a race to regulate Bitcoin. Is it too soon? Bitcoin has captured the imagination of consumers and businesses around the world as a major breakthrough in how value is exchanged. The Bitcoin “blockchain” is a fundamental breakthrough ...
US undercover agent jailed for six years for Silk Road Bitcoin theft
October 21st, 2015
A former undercover policeman has been sentenced to six and half years in prison for stealing $700,000 of the virtual currency bitcoin. Agent, Carl Force was part of the Drug Enforcement Administration (DEA) investigation into the black market website ...
ACCC investigating banks’ closure of bitcoin companies’ accounts
October 20th, 2015
The Australian Competition and Consumer Commission is investigating why Australian banks are closing the accounts of bitcoin businesses, amid concerns banks are colluding to block emerging competitors. ACCC chairman Rod Sims told The Australian Financial Review the investigation was ...
Is China Turning To Bitcoin As Yuan Devalues?
October 19th, 2015
China is seemingly buying up a lot of Bitcoin and alternative currencies like gold right now. The devaluation of their currency has been slashed over the course of the past month. The country’s Foreign Exchange Commission has ordered financial institutions to increase its checks ...
Hedge Fund Borrows $10M in Stock Via the Bitcoin Blockchain
October 15th, 2015
Yesterday morning, New York time, a company called Clique Fund used the bitcoin blockchain to borrow $10 million in stock. Bitcoin is the world’s most popular digital currency, and the blockchain is the vast online ledger that underpins bitcoin, tabulating ...
What will Happen to Bitcoin when the Economy goes Bust?
October 12th, 2015
Many people interested in Bitcoin have a less than optimistic view about the health of the global economy. This skepticism — in some cases pessimism — is fueled by a controversial business cycle theory that is fairly popular in ...
Bitcoin flounders in Australia as regulatory worries bite
October 5th, 2015
Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency‘s mainstream appeal is fading. Concerns about bitcoin’s potential crime links mean many businesses have stopped accepting it, a trend accelerated by Australian banks’ move last ...
