The World Bank (International Bank for Reconstruction and Development, IBRD) will use distributed ledger technology to create the world’s first blockchain bond - nicknamed the “bond-i” after Sydney Australia’s popular Bondi Beach. The World Bank and Commonwealth Bank of...
Yesterday, CNBC Mad Money host Jim Cramer speculated that the tide may have turned against bitcoin. The influential market guru and former hedge fund manager is known for his sharp and often controversial opinions. "I think the tide has...
Cryptocurrency market capitalization across the board has dropped to near record lows and analysts are trying hard to make sense of the persistence of the bear market. In the case of Ether, analysts and industry leaders are pointing...
The UK group Action Fraud says Brits have already been scammed for more than $2.55 million in cryptocurrency in June and July this summer. In a warning to UK residents, the group recorded 203 fraud reports with an...
There’s no better authority to verify that bitcoin users are now speculators and not drug dealers according to the Drug Enforcement Administration (DEA). In fact, Special Agent Lilita Infante at the US DEA told Bloomberg criminal activity behind...
In the past week, the cryptocurrency market has dropped precipitously by 20%. That hasn’t seemed to rattle Fundstrat co-founder and chief analyst Tom Lee. “While many attribute this to “proof crypto is in a bear market,” rather, we...
In 2017, the number of compromised accounts on cryptocurrency exchanges increased by 369% in comparison with 2016 and that number jumped to 689% in January 2018. New research by cybersecurity firm Group-IB shows the US (34.3%), Russia (10.5%), and China (5.0%) were the...
Bitcoin and most other cryptocurrencies may be down this week, but a rumored plan to offer custody services for cryptocurrency funds by Goldman Sachs has some analysts excited. The custody service would reduce the risk of holding crypto...
Banks and business would love to see blockchain solve their challenges of cross-border payments. At this early stage, it’s unclear whether blockchain can meet the three biggest problems of scalability, speed, and transparency, not to mention security. Payments...
Fintech startup Abra recently decided to let customers buy cryptocurrency with credit cards. Meanwhile, Bank of America, JPMorgan Chase, Citigroup, Capital One, Discover and other major banks continue their policy of locking bitcoin and other altcoin purchases. It’s...
The world’s biggest bitcoin miner, Bitmain, earned more than $1.1 billion in net profit in the first quarter of 2018 according to insiders. Add that to $1.2 billion of net profit earned in 2017 and you’ve got a...
Billionaire hedge fund manager Bill Miller, chairman of Miller Value Partners, is bullish on bitcoin personally and in his hedge fund’s investment strategy. In a recent Bloomberg TV, Miller explained his views on bitcoin and cryptocurrencies: “It’s an interesting...