Digital Currency

Blockchain raises $40 million from Lakestar and Google's venture arm

LONDON — Bitcoin and blockchain technology company Blockchain has raised $40 million (£31.5 million) in its second round of institutional funding.<p>European venture capital fund Lakestar and GV, Google's venture capital arm, both led the round. Nokota Management and Digital Currency Group also took …

Startups

The Bitcoin Bubble Will Turn Into Mania Before It Bursts

For the last nine months, the Bitcoin rally that took the digital currency from a few hundred dollars to close to $3000 had all the elements of a bubble that has yet to turn into a mania before it bursts.<p>Every asset bubble is different, and can be easily confused with healthy bull markets. But they …

Business

Alphabet Leads London-Based Blockchain’s $40 Million Funding Round

London-based startup Blockchain has raised $40 million in a fresh round of funding as the software company rides a wave of enthusiasm for digital …

Bitcoin

Ethereum had a flash crash — here's what happened

Digital currency Ethereum experienced a "flash crash" on Wednesday, with the price falling from about $296 to a low of $0.10 in a matter of minutes.<p>Almost as quickly as it collapsed, the price bounced back and, at close to 11.25 a.m. BST (6.25 a.m. ET) on Thursday, Ethereum is trading at $342.02 …

Cryptocurrency

Civic sells $33 million in digital currency tokens in public sale

NEW YORK (Reuters) - U.S. startup Civic has sold $33 million in digital currency tokens for its identity verification project in a public sale, the company's co-founder and Chief Executive Vinny Lingham told Reuters.<p>The sale is the latest so-called initial coin offering (ICO), in which creators of …

Bitcoin

Marijuana and Bitcoin: A Match Made in Cryptocurrency Heaven or a Digital Nightmare?

Bitcoin being used as a bridge currency between consumers and weed dispensaries could lead to an ironic response from the federal government.<p>The …

Cannabis

East London Now Has a Local Digital Currency Called 'Local Pound, East London'

East London Now Has a Local Digital Currency Called ‘Local Pound, East London’<p>East London has become home to its own local digital currency, which is …

East London

Bitcoin accepted here: The tiny family restaurant in India that’s embraced virtual currency

For most Indians new to the concept of cryptocurrencies, the idea of making a transaction in real life using bitcoin seems vaguely illicit. It certainly doesn’t seem like the kind of thing you’d do on a Saturday afternoon, for instance, after devouring a Maharashtrian <i>thali</i> or snacking on a <i>vada …

Cryptocurrency

Blockchain announces record-setting Series B

This fundraising round represents the most substantial investment in the fintech space since Brexit and is the largest Series B raised by any digital …

Banking

New cryptocurrencies offering more than just a way to pay for things online

OTTAWA — The success of bitcoin has spurred the launch of hundreds of copycat digital payment systems looking to cash in on the popularity of the …

Bitcoin

Ethereum drops 15.5% as increased demand sparks fear of growing pains

The price of ethereum, a bitcoin rival, fell more than 15.5 percent Wednesday amid a flood of demand and increased worries it may face a divisive …

Cryptocurrency

Startups See Service Outages Amid Ethereum Blockchain Backlog

The ethereum blockchain is beginning to show signs it's being impacted by a new influx of users.<p>Amid a surge in mainstream media interest, not to …

Bitcoin

Everything you need to know about initial coin offerings

A tech company you’ve never heard of raised more than $150 million last week—in just three hours.<p>It was yet another initial coin offering (ICO), a …

Bitcoin

Armed with an Ethereum ICO, Can Kik Succeed Where Facebook Failed?

Social media network Kik is on the verge of launching its own ethereum ICO, making it the first mainstream social network to feature cryptocurrency …

Bitcoin

Bitcoin Will Make Lots of Millionaires Before “Returning Down to Earth”: Economics Professor

Despite its price volatility, Bitcoin is likely to make more millionaires.<p>Panos Mourdoukoutas, chair of the department of economics at LIU Post in …

Cryptocurrency

Fake PBoC Digital Currency Project Has Chinese Regulators Concerned

<b>Most cryptocurrency users are well aware of what the PBoC aims to achieve. More specifically, the financial institution is looking to issue a</b> …

Cryptocurrency

How to Invest in a Decentralized Economy?

Australian-born Michael Dunworth, CEO of Silicon Valley-based blockchain Wyre, has said that financial advisors should invest in Bitcoin to …

Bitcoin

Bitcoin is no longer the most promising digital currency

Bitcoin has been leading the digital currency market, doubling in value since the beginning of 2017. But now, Ether (another digital currency hosted …

Cryptocurrency

The Bitcoin Panic Will Subside

The pullback in BTC from $3,000 to $2,000 is being sensationalized by the media.<p>BTC is still up significantly since inception.<p>It's just yet another …

Cryptocurrency

IMF Explores ICOs and Central Bank Coins in New Blockchain Note

The International Monetary Fund (IMF) is continuing to explore the potential of digital currencies and distributed ledger technology (DLT) .<p>In a …

Bitcoin

Op-Ed: Mitigate Your Risk – How to Invest for Success

<i>In case you've missed them, here are parts one and two of this series:</i> <br>Part One - Op-Ed: The Cryptocurrency Investment Series<br>Part Two - Op-Ed: How Do …

Bitcoin

New York's Financial Regulator is Now Inspecting Bitcoin Startups

The New York State Department of Financial Services (NYDFS) has released new information about the status of its digital currency licensing …

FinTech

UK's Top Financial Authority Calls for Public Vigilance in Digital Currency Investment

<b>UK’s Top Financial Authority Calls for Public Vigilance in Digital Currency Investment</b><p>A senior official at the UK’s primary financial watchdog has …

Cryptocurrency

Move Over, Bitcoin. Ether Is the Digital Currency of the Moment.

The price of Bitcoin has hit record highs in recent months, more than doubling in price since the start of the year. Despite these gains, Bitcoin is on the verge of losing its position as the dominant virtual currency.<p>The value of Ether, the digital money that lives on an upstart network known as …

Cryptocurrency

Will Ripple Rally Like Ethereum and Bitcoin?

Throughout most of the history of the cryptocurrency industry, Bitcoin has overwhelmingly dominated headlines. This extends even through the …

Bitcoin

Bitcoin explained: What is it? What's up with its price? Will it ever take over from traditional currencies?

Bitcoin has rocked headlines this year as its price jumped more than 100 per cent to reach new all-time highs - but what is it? As the cryptocurrency …

Cryptocurrency

Ganjapreneurs look to Bitcoin as big banks reject their money

Published: Jun 19, 2017, 7:29 am • Updated: Jun 20, 2017, 1:20 pm<p>Cannabis companies are turning to the world’s most popular digital currency in an …

Cannabis

As Venezuelan Crisis Intensifies, More Citizens Turn to Digital Currency

For citizens of the United States and most other Western democracies, the idea of triple-digit inflation, a crashing currency, and a lack of basic …

Venezuela

Central Bank of Samoa Issues Warning Against Digital Currency Scams

The Central Bank of Samoa (CBS) has issued a statement warning citizens about the increasing volume of scams associated with digital currency …

Bitcoin

Warning: Cryptocurrency Scams Are Posing as China's Central Bank

The People's Bank of China (PBoC) has issued a new warning alleging that cryptocurrency projects are misusing its name in an effort to defraud …

Bitcoin