cryptocurrency
Not Even Putin Can Scare Bitcoin Investors

Bitcoin’s having a wild time. It kicked off with a strange flash crash registered by the CoinDesk tracker that momentarily caused the cryptocurrency to appear to plunge by 12 percent. Almost simultaneously, Russian President Vladimir Putin called for regulatory restrictions on digital currencies for the first time. And then, as it does in recent times, Bitcoin’s price just went up. Read More >>

cryptocurrency
Cryptocurrency Speculators Watch Nervously as South Korea Bans ICOs 

The cryptocurrency market is having another rocky morning as South Korean authorities announced a ban on initial coin offerings (ICOs). While countries like the US and the UK have warned investors to exercise caution before becoming involved with such projects, China has completely banned the fundraising method, and Taiwan could be next. Read More >>

cryptocurrency
What Are ICOs and Why Are They Getting Banned in China? 

Over the weekend, China banned initial coin offerings (ICO) and briefly paused the seemingly unstoppable price increase of bitcoin. But the cryptocurrency has already bounced back. With the likes of Paris Hilton, Kim Dotcom, and John McAfee all jumping into the ICO world in one way or another, it seems worth asking what the hell this whole thing is about. Read More >>

cryptocurrency
Some Crypto-Capitalists Just Want to See the World Burn

“In battle, the commander is the first one to go over the top,” Joe McKinney, shirt unbuttoned, wearing a shower cap and one of those aeroplane neck pillows, exclaims over music swelling from every direction. He’s having a great time, romping around San Francisco as part of a “distributed dance party”—a roving DJ set controlled by an FM transmitter, beamed to dozens of boomboxes, and led by men who look like Road Warrior extras drenched in neon paint. One of them advises through a megaphone not to step on or trip over a homeless man in the path of revelry. Read More >>

cryptocurrency
China Bans Initial Coin Offerings, Warning of Financial Scams

The initial coin offering party is over in China. A committee led by the People’s Bank of China, the nation’s central bank, has imposed an immediate ban on new cryptocurrency crowdfunding efforts and warned many ICOs are scams, TechCrunch reported . Read More >>

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Amid Chaos, We’re About to Get a Whole New Kind of Bitcoin

Less than a week ago, headlines declared that a market-shaking fork in Bitcoin had been averted. But the people backing a new cryptocurrency called Bitcoin Cash have now announced that the expected compromise between warring factions is dead. Next week, the huge Bitcoin fork will begin and here’s what it’s all about. Read More >>

crime
£24.6 Million in Ether Stolen as People Refuse to Learn Their Lesson About Cryptocurrencies

Unknown hackers made off with an estimated $32 million (~£24.6 million) in hot cryptocurrency Ether, one of the most popular of the innumerable successors to Bitcoin, this week. Read More >>

money
Investor Jitters and 4Chan Hoax Knock $4 Billion Off the Value of Ethereum Cryptocurrency

Following a flash crash last Wednesday, the company that runs GDAX, an exchange for the ethereum digital currency, announced that it would pay back investors who lost money. If Monday’s market performance for the cryptocurrency is any indication, that move didn’t reassure investors. Read More >>

bitcoin
Hot New Cryptocoin Exchange Pledges to Pay Back Losses Following Flash Crash

Cryptocurrencies are risky as hell. A new competitor in the blockchain currency world, Ethereum, has recieved a lot of attention recently for its ridiculous gains in value. Many feared that a flash crash last week was a sign of shady dealings on the exchange, but the company behind it is reassuring investors that they’ll be paid back in full. Read More >>

money
Reddit Users Lose Real Money After Meme Currency Bot Dies

Another day, another cryptocurrency clusterfuck. This week, the creator of the tipping bot “dogetipbot”—a service that let Reddit users “tip” each other in Dogecoin—announced that his company is broke, he’s broke, and the bot is broke because he spent all the coins, after he himself ran out of money. Read More >>

bitcoin
Bitcoin Is Now Worth More Than Gold

Last night, for the first time, the value of Bitcoin was higher than gold: $1,268 (about £1036) for one Bitcoin vs $1,233 (about £1,008) for a troy ounce of gold when the markets closed. Read More >>

money
Prepare Yourself for Stock Trading Using Bitcoin Technology

Blockchain, the digital ledger underpinning Bitcoin, is perhaps the cryptocurrency’s most interesting (and intelligent) feature, with its ability to securely and publicly record transactions. Given that stock trading is a confusing mishmash of property trading hands, blockchain-powered trades seems like a surprisingly good idea. Read More >>

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Authorities Charge Crypto-Currency Companies Over Ponzi Fraud Scheme 

The US Securities and Exchange Commission (SEC) has charged controversial cryptocurrency entrepreneur Josh Garza and two of his companies, GAW Miner and ZenMiner, with running a Ponzi scheme to defraud people. Read More >>

bitcoin
Why Does Montreal Have a Bitcoin Embassy?

In the heart of downtown Montreal, between a boarded-up bar and restaurant, there’s a three-storey glass building. It looks for all the world like any other normal office — that is, until you spot the sign swaying in the wind: “Bitcoin Embassy”. Read More >>