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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.
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 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 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 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 is embarking on a wildly ambitious project to build a new global financial infrastructure — and Uber, Spotify, and PayPal are involved.
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.
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.
While digital currency enthusiasts should take heart in Bitcoin’s first monthly increase since July, the outlook for the original cryptocurrency remains cloudy.
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.
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".
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.
"Really almost no one uses bitcoin for payments, they use it as an alternative to gold," Powell said.
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.
Facebook announced Libra, its digital currency, on Tuesday — and the pushback has already begun.
Bitcoin climbed to the highest since September, briefly surpassing $7 000, as a rally in cryptocurrencies gathered pace in trading over the weekend.
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.
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.
Canada's largest cryptocurrency exchange QuadrigaCX says it can't access $140m after its CEO unexpectedly died.
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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