Search Results for: cryptocurrency
HSBC says the blockchain could be used for ‘helicopter money’
November 10th, 2015
Plenty of investment banks have been expressing an interest in the blockchain. It’s the underlying technology that allows cryptocurrencies like bitcoin to exist. The blockchain a sort of ledger that tracks transactions without an intermediary like a bank, and it’s ...
JP Morgan CEO sees Bitcoin as a waste of time: Video
November 9th, 2015
Bitcoin skeptic Jamie Dimon, CEO of JPMorgan has once again spoken about the decentralized cryptocurrency, Bitcoin – by dismissing it. He sees potential in blockchain, however. “Separate currency from blockchain,” Dimon said, speaking at the Fortune Global Forum. “My belief ...
Bitcoin Price Goes Beyond $400: How High Will it Go?
November 6th, 2015
The price of bitcoin has shot up again! The steady increase of everyone’s favorite digital currency doesn’t appear to be a fluke. Bitcoin has been on the move practically every week over the last month. Now, in just a matter ...
Bitcoin to be 6th largest reserve currency by 2030: Research
November 5th, 2015
Bitcoin industry insiders have issued an optimistic prediction for the cryptocurrency over the next few decades, suggesting it could be as widely used as the Swiss franc or the Australian dollar. U.K.-based Magister Advisors, which advises the technology industry ...
Bitcoin’s price jumps more than 70% in one month
November 4th, 2015
Bitcoin, the world’s most popular digital currency, has been on a roll — but no one is really sure why. After dipping well below $200 in January, bitcoin traded at more than $410 Tuesday afternoon before cutting some of ...
Barcelona to Launch Local Digital Currency, Reports Claim
October 26th, 2015
Barcelona city council is reportedly working to launch its own digital currency in the next six months. According to reports from El Pais, one of Spain’s leading national newspapers, mayor Ada Colau’s government is hoping the digital currency will ...
Digital currency startup Abra raises funds from Ratan Tata, American Express
October 23rd, 2015
The firm also announced entry into the online, digital cash-based merchant payments. Abra’s app will be available to all registered users in the US and Philippines in the coming weeks US-based startup Abra today said Tata Group Chairman Emeritus ...
European Court of Justice: Bitcoin is a currency and exchanges are VAT-exempt
October 22nd, 2015
The European Court of Justice (ECJ) has ruled that bitcoin exchange transactions should be exempt from VAT. The ECJ ruling stated that bitcoin transactions “are exempt from VAT under the provision concerning transactions relating to currency, bank notes and ...
GemCoin Investors Seek $100 Million in Class Action Lawsuit
October 9th, 2015
An $100m class action lawsuit has been filed on behalf of victims of an alleged Ponzi scheme involving the fake cryptocurrency ‘Gemcoin’ days after a US Securities and Exchange Commission (SEC) crackdown. The complaint, filed Monday by The Liu Law Group ...
Australian Banks Close Bitcoin Exchange Accounts
October 7th, 2015
Banks and businesses in Australia are shunning virtual currency Bitcoin. Thirteen leading banks have simultaneously frozen or closed Bitcoin exchange current accounts effectively closing off the banking system to users of the currency. Businesses have also turned their backs ...
