Switzerland’s central bank is working with the country’s stock exchange to examine the possible use of digital currencies in trading.
Facebook CEO Mark Zuckerberg will testify before the House Financial Services Committee this month, the committee announced Wednesday.
Blockchain is the technology that underpins cryptocurrencies such as Bitcoin. Fundamentally, the blockchain is simply a ledger, a digital record of transactions associated with a digital currency, a Bitcoin, for instance.
Grayscale Investments, which offers investors access to Bitcoin and other cryptocurrencies in the form of shares, on Tuesday reported a record third-quarter inflow of over a quarter of a billion dollars.
Monday was supposed to be an exciting day for Libra. Its governance organization, the Libra Association, held an inaugural meeting to select members for its leadership team — a critical milestone for the Facebook (FB)-developed cryptocurrency project.
As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency—one that could allow the government and the central bank to see what people spend their money on, according to analysts.
Facebook’s remaining partners in its digital currency project signed paperwork Monday to officially join the Libra Association, a new governing body that will oversee the social media giant’s proposed global cryptocurrency, Libra.
The platform targets small- and mid-sized corporate clients in Europe with bank payment guarantees and invoice financing. It is a bid to negotiate global contracts without the usual load of paperwork.
Streaming giants such as Spotify and Youtube have taken over the entertainment industry in the last decade. With over 19 billion dollars generated in 2018, the music industry has turned into a goldmine for streaming platforms and advertisers.
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Bitcoin and ethereum, the two biggest cryptocurrencies by market value, suddenly soared yesterday despite the U.S. Securities and Exchange Commission (SEC) rejecting the latest attempt at creating a bitcoin exchange-traded fund (ETF).
For the first time since 2014, the Internal Revenue Service on Wednesday offered formal guidance on cryptocurrencies like Bitcoin—and not everyone is happy. While the new information clears up some long standing accounting questions, it also could expose anyone who owns cryptocurrency to unpleasant tax predicaments.
Since 2015, UNICEF has been exploring ways to leverage blockchain technology to support its global humanitarian efforts and accelerate results for children. Blockchain supports new systems of exchange that allow users to send value in the form of cryptocurrency — “crypto” for short — directly from one party to another, without the need for intermediaries. These exchanges are often referred to as smart contracts.
Pioneering digital payments firm PayPal on Friday said it is abandoning an alliance intended to oversee the Facebook-backed Libra cryptocurrency, which has come under attack by regulators.
Imagine a hairdryer running on high, continuously, for 24 hours a day, seven days a week. The energy it drains—about 40 kilowatts per hour—equals what one extremely powerful specialized computer uses to mine cryptocurrency. A single six-building data center outside a small town in northern Iceland houses nearly 30,000 of these machines.
Last Thursday the “Advancing Innovation To Assist Law Enforcement Act” passed in the House of Representatives. The bill requires the Financial Crimes Enforcement Network (FinCEN) to conduct a study on the use of blockchain, AI, and other technologies by the agency and provide a report to the House Financial Services Committee and the Senate Banking Committee.