Post Tagged with: "cryptocurrency"

In Blockchain News: R3 Releases Corda, Chris Larsen Talks Ripple

In Blockchain News: R3 Releases Corda, Chris Larsen Talks Ripple

by December 2, 2016 at 1:13 pm 2 comments

Welcome to another crazy week in cryptocurrency! There’s been a lot for blockchain enthusiasts to digest this week, but let’s start with consortium news. The R3CEV blockchain consortium of banks opened its Corda codebase up to the larger developer community this week, in the hopes that independent experiments based onRead More

New Ransomware Uses Social Media, Demands Payment in Bitcoin

New Ransomware Uses Social Media, Demands Payment in Bitcoin

by November 29, 2016 at 10:46 am 0 comments

A new type of ransomware is targeting users through their social media accounts, most notably through Facebook and LinkedIn, before doing what ransomware does: locking the computer and demanding payment for access–in bitcoin. Dubbed ImageGate by software company Check Point, the malware embeds itself into image or graphic files onRead More

Bitcoin Rises, Dollar Falls After Trump Victory

Bitcoin Rises, Dollar Falls After Trump Victory

by November 9, 2016 at 4:30 pm 2 comments

Bitcoin’s price rose with the election results as other fiat currencies such as the dollar, the yen, the peso all experienced fluctuations as the votes flooded in. The global bank BBVA, for example, tweeted today about its currency hedging policy. The spike reportedly caused bitcoin to hit a two-year highRead More

Bitcoin Is Currency Now. Or Not. Or Yes?

Bitcoin Is Currency Now. Or Not. Or Yes?

by September 21, 2016 at 11:30 am 0 comments

Yes, I am using this meme, moving on: yesterday CoinDesk reported that New York Federal Judge Alison Nathan ruled that “bitcoins are funds within the plain meaning of that term.” In other words, bitcoin is currency. Before you celebrate (or cry), other U.S. judges this year have also ruled thatRead More

Bitfinex Offers $3.5M Bounty for Stolen Bitcoin as Socialization Plan Stalls

Bitfinex Offers $3.5M Bounty for Stolen Bitcoin as Socialization Plan Stalls

by August 16, 2016 at 9:14 am 1 comment

It’s been another week, an eternity in the bitcoin world, and it looks like Bitfinex’s chosen recovery plan, in which it would “socialize” its losses by having its customers share 36% of the loss, may not actually, strictly speaking, be legal. “I think these questions are falling into a bit ofRead More

Dear IRS, How About An Update on That Bitcoin Notice?

Dear IRS, How About An Update on That Bitcoin Notice?

by August 12, 2016 at 10:38 am 1 comment

Two years ago the IRS issued a brief notice on the status of bitcoin and all its digital cousins stating that for tax purposes these items are property — not currency. Shortly before the March notice was published, bitcoin had awoken from a stupor, zooming from well under a $100, and nearly hitting $1000, according toRead More

Another Day, Another Bitcoin: After the Bitfinex Hack

Another Day, Another Bitcoin: After the Bitfinex Hack

by August 9, 2016 at 3:30 pm 2 comments

It’s been just about a week since the bitcoin exchange Bitfinex was hacked, with a loss of 119, 756 BTC, or about $80 million in boring old, traditional currency. The hack remains a hot-button topic in the bitcoin world, with many calling for the need of increased oversight of bitcoin exchanges.Read More

Top 5 Fintech Raises: Betterment, Chase Bank, Bitt, and More

Top 5 Fintech Raises: Betterment, Chase Bank, Bitt, and More

by April 4, 2016 at 1:12 pm 2 comments

Fintech is far from a U.S.-only phenomenon, as this week’s top funding rounds make clear. The week’s top raises runs the gamut from online investments to the integration of Africa’s growing financial space; from the analysis of loan quality and security to the ever-more transparent P2P sector; to providing access to the vastRead More

3 Startups to Watch: BLK, Currency Mood, PotCoin

3 Startups to Watch: BLK, Currency Mood, PotCoin

by July 8, 2015 at 12:54 pm 0 comments

The three FinTech startups worth watching this week take markedly different approaches to creating products: two fill needs in underserved markets and one adds a new take on a luxury product to an already well-served market. BLK – Incubated by Curious Minds, BLK takes the “black card” experience of American Express’s Centurion Card (notRead More

Proposed N.Y. State Regulation Would End Bitcoin Anonymity

Proposed N.Y. State Regulation Would End Bitcoin Anonymity

by July 17, 2014 at 3:45 pm 2 comments

The New York Department of Financial Services (NYDFS) released a proposal today to regulate bitcoins and other forms of virtual currency, making New York the first state to draft up regulatory legislation for virtual currencies. The NYDFS is proposing to issue “BitLicenses,” certificates allowing holders to transact in virtual currencies in NewRead More