Search Results for: Bitcoin payments
Bitcoin plunges below $6,000 to lowest level in more than a year
November 15th, 2018
Bitcoin is on the ropes again. Its price plummeted more than 10% on Wednesday, hitting its lowest level in more than a year. It’s now trading below $6,000, far from the heights it reached during its meteoric rise at ...
Fake Elon Musk accounts on Twitter promote bitcoin scams, one collects $170K
November 7th, 2018
Several verified Twitter accounts have been hacked to impersonate Elon Musk on, Nov. 5, with one reportedly collecting almost $170,000. After compromising verified accounts, scammers changed the profile name and picture in order to pose as the Tesla CEO. ...
Bitcoin turns 10 — how it went from an abstract idea to a $100 billion market in a decade
November 1st, 2018
Ten years ago, as Lehman Brothers was declaring bankruptcy and the global economy was lurching into recession, the idea for an alternative currency was being quietly built online. Bitcoin went from an anti-establishment fad on the internet to a ...
Rakuten e-commerce giant buys a bitcoin exchange
September 3rd, 2018
Rakuten, Inc., the largest e-commerce site in Japan and among the world’s largest by sales, announced that it decided to acquire everybody’s bitcoin Inc. (hereinafter “everybody’s bitcoin”) through its subsidiary, Rakuten Card Co., Ltd. The acquisition is based on ...
Intercontinental Exchange plans to launch a bitcoin exchange
August 6th, 2018
Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges, clearing houses, data and listings services, announced that it plans to form a new company, Bakkt, which intends to leverage Microsoft cloud solutions to create an open and regulated, global ...
Central bankers claim bitcoin could break the internet
June 21st, 2018
Who’s right about bitcoin: the Bank of International Settlements (BIS) or cryptocurrency advocates? The Bank of International Settlements on Sunday said bitcoin is “a poor substitute for the solid institutional backing of money.” Critics in the crypto world say ...
Bitcoin got a big boost in 2017. Here are 5 other cryptocurrencies to watch in 2018
January 4th, 2018
Mainstream investors spent much of last year trying to figure out how to jump in on bitcoin, the digital currency for which prices ballooned to as high as $19,000 in recent months. But even as people hope to make ...
Israel central bank is examining issuing digital currency for faster payments
December 27th, 2017
The Bank of Israel is examining issuing digital currency as a means of creating a faster payments system as well as reducing the amount of cash in the economy, a central bank source said on Sunday, though he stressed ...
Forget bitcoin, its fourth-biggest rival is up nearly 5,800 percent this year
December 13th, 2017
Litecoin, the fourth-largest cryptocurrency in the world by value, has hit a record high and rallied nearly 5,800 percent this year, beating rival bitcoin’s rise. The price of litecoin reached an all-time high of $255.42 on Tuesday, according to industry website ...
PwC accepts payment in Bitcoin for its advisory services
December 1st, 2017
PwC in Hong Kong has for the first time accepted payment in Bitcoin for its advisory services. As the firm works increasingly with companies in the digital asset and crypto-currency space, it believes that accepting such payments will evolve ...
