Tag Archives: currency

Bitcoin jumps more than 9% after news Square is testing the digital currency

Bitcoin has again recovered quickly from a sharp drop. The digital currency briefly surged more than 9 percent Wednesday to a high of $7,251.81, according to CoinDesk. That’s within 10 percent of its record high of $7,879.06 hit last Wednesday. Bitcoin had fallen 30 percent below that record over the weekend amid controversy over the […]

Biggest Hack In History Freezes $156M In Digital Currency Funds

In what may be the biggest hack in digital currency’s short history, an ethereum-based company has suffered an attack that resulted in more than $156 million in digital currency being frozen and inaccessible. That throws many technology companies – including some with entertainment projects – into limbo, unable to access funds raised for development and operations […]

£200 MILLION of virtual currency Ether has been lost

If you’ve invested in the cryptocurrency, Ethereum, you may want to check that your funds are safe. More than £200 million ($280 million) of the virtual currency, ether, has been lost after a developer accidentally deleted a vital part of the code while trying to fix a flaw to stop hackers.  Experts describe the error […]

China Struggles to Lay Killing Blow to Bitcoin, Currency Thrives

China became the first country to take a hardline approach to ICOs, then moved on to Bitcoin and the exchanges that trade the digital currency. Despite these bold and brazen efforts, Bitcoin’s price is higher than ever, and the currency continues to be a factor in China. Where there’s a will there’s a way, and […]

Ethereum creator wonders whether his currency should be scarcer

Vitalik Buterin, the inventor of the ethereum blockchain, may have created too much of a good thing. The 23-year-old helped sell one of the first digital currencies in 2014 when he introduced ether to the public. Three years later he’s witnessed scads of other digital currencies raise more than $3 billion in 2017 via so-called initial […]

Ethereum Creator Wonders Whether His Currency Should Be Scarcer

Vitalik Buterin, the inventor of the ethereum blockchain, may have created too much of a good thing. The 23-year-old helped sell one of the first digital currencies in 2014 when he introduced ether to the public. Three years later he’s witnessed scads of other digital currencies raise more than $3 billion in 2017 via so-called initial […]

What is Ethereum? Currency Platform Lost $300 mil

Virtual currency is a risky gambit. On one hand, its cool and seems like the next logical step on our journey toward hoverboards and flying cars. On the other hand? These currencies are never quite as safe as their Silicon Valley proponents make them out to be. Case in point, virtual currency platform Ethereum just announced […]

Uruguay to Launch Digital Currency, “Not Bitcoin” it Stresses

Altcoins Uruguay’s Central Bank (BCU) formally presented rollout of its pioneering digitization of the Uruguayan peso on 3 November 2017. Set now as a pilot program, the bank’s head was careful to remind it “is not a cryptocurrency such as bitcoins,” but “a currency that remains the responsibility of the BCU,” according to an Argentinian report.  Also read: Uruguay Urged to […]

Investors have poured $3.2B into bitcoin-like currency

Wall Street has a new toy — and regulators are warning that some pieces of the popular product can cause your portfolio to choke. The toy is called an Initial Coin Offering, a specialized bitcoin-like currency that has attracted $3.2 billion of investor cash this year — four times the amount raised in 2016. Many […]

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