A former Microsoft engineer stole more than R150 million from the company and bought a home and a Tesla

2020-02-28 11:39

He stole $10 million-worth (about R155 million) of "currency stored value," like online gift cards, and resold them online in exchange for bitcoin, a court ruled.

OPINION: Facebook's cryptocurrency may not stand a chance

2019-09-20 05:01

Mark Zuckerberg’s cryptocurrency project, Libra, has become the regulatory equivalent of a pinata: Everyone is lining up to hit it with a stick. And it's not hard to see why, says Lionel Laurent.

Bitcoin tumbles as Trump critique tests stellar run for 2019

2019-07-15 08:39

Bitcoin slumped in another large weekend move after US President Donald Trump’s criticism of cryptocurrencies late last week put the focus back on this year’s jump in prices.

Bitcoin climbs to $10 000 as memories of crypto bubble fade

2019-06-24 10:33

Bitcoin breached $10 000 for the first time in about 15 months, recouping more than half of the parabolic increase that introduced mainstream investors to the digital asset before the bursting of the cryptocurrency bubble.

Facebook's Libra crypto coin: 5 things we know, and 5 we don't

2019-06-23 09:17

Facebook unveiled plans for a new cryptocurrency called Libra this week. After a week of analysis, here’s what Bloomberg reporters and editors know about Libra, along with key unknowns that remain.

Facebook just took the wraps off 'Libra', a new cryptocurrency that will let anyone in the world pay with their smartphones

2019-06-18 14:43

Facebook is embarking on a wildly ambitious project to build a new global financial infrastructure — and Uber, Spotify, and PayPal are involved.

Buy Bitcoin, says strategist who called late-2018 breakdown

2019-05-03 14:28

Bitcoin is in the middle of a sustained recovery and investors should use recent weakness to buy more, according to Fundstrat technical strategist Robert Sluymer.

Think you know how much financial privacy you have online? Think again.

2019-04-26 05:00

When the average consumer pays a merchant in Europe via PayPal, their data goes to around 600 companies with zero visibility. And that's just the beginning, says Riccardo Spagni.

Bitcoin's first monthly gain since July may not mean too much

2019-03-01 21:41

While digital currency enthusiasts should take heart in Bitcoin’s first monthly increase since July, the outlook for the original cryptocurrency remains cloudy.

Bitcoin is worth less than the cost to mine it - JPMorgan

2019-01-25 15:22

The production-weighted cash cost to create one Bitcoin averaged around $4 060 globally in the fourth quarter, according to analysts with JPMorgan Chase & Co.


Cryptocurrencies can help create 'parallel society' - hackers

2019-10-06 10:05

A hackers' congress has hailed the new cryptocurrencies as a tool to break free from the constraints of modern life and move towards a freer "parallel society".

A Goldman Sachs analyst is bullish on Bitcoin. But is it Goldman?

2019-08-13 06:50

In a packet of slides sent to clients yesterday, Goldman Sachs Group technical analyst Sheba Jafari said that Bitcoin could go up by 23% in the short term, and that later the coin could go even higher. That doesn’t mean the bank is bullish on Bitcoin, though.

Fed chair Powell just called bitcoin a 'speculative store of value' like gold — adding weight to the safe haven theory

2019-07-12 11:45

"Really almost no one uses bitcoin for payments, they use it as an alternative to gold," Powell said.

Naspers-backed crypto platform Luno starts African hiring spree

2019-06-23 17:58

Naspers-backed cryptocurrency platform Luno is planning to increase its workforce by almost 60% to expand its South African headquarters as Bitcoin once again breaches $10 000.

US lawmakers are demanding scrutiny — and even a freeze — of Facebook's cryptocurrency project

2019-06-19 09:00

Facebook announced Libra, its digital currency, on Tuesday — and the pushback has already begun.

Bitcoin climbs above $7 000 as cryptocurrency rally extends

2019-05-13 08:05

Bitcoin climbed to the highest since September, briefly surpassing $7 000, as a rally in cryptocurrencies gathered pace in trading over the weekend.

WATCH: Jaguar Land Rover planning to allow helpful car drivers to earn cryptocurrency

2019-04-30 20:41

Jaguar Land Rover said on Monday it is testing software that will allow drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data.

Bitcoin most overbought since record run, technical gauge says

2019-04-06 10:39

Here’s something for recently emboldened crypto enthusiasts to mull: Bitcoin is now at its most expensive level since just before the spectacular crash of the most widely owned digital currency.

WATCH: Cryptocurrency exchange locked out of $140m

2019-02-06 19:34

Canada's largest cryptocurrency exchange QuadrigaCX says it can't access $140m after its CEO unexpectedly died.

Hawks: Bitcoin scam probe into BTC Global still ongoing

2019-01-25 13:50

The Hawks have denied that the cryptocurrency trading platform BTC Global has been cleared of defrauding its clients, saying investigations into the alleged investment scam are ongoing.

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