One of the biggest names in Silicon Valley is placing a moonshot bet on bitcoin. Founders Fund, the venture-capital firm co-founded by Peter Thiel, has amassed hundreds of millions of dollars of the volatile cryptocurrency, people familiar with the matter said. The bet has been spread across several of the firm’s most recent funds, the […]
Merrill Lynch has blocked clients and financial advisers who trade on their behalf from buying bitcoin, citing concerns over the cryptocurrency’s investment suitability.The ban applies to all accounts and precludes the firm’s roughly 17,000 advisers not only from pitching bitcoin-related investments but also from executing client requests to trade the Grayscale Investment Trust bitcoin fund, […]
Blockchain startup ATBCoin was hit with a class-action lawsuit, making it the latest in a string of projects to be sued by investors following initial coin offerings (ICOs). ATBCoin Hit With Class-Action Lawsuit Filed on Dec. 21 in the Southern District of New York, the lawsuit (PDF) alleges that ATBCoin and its operators violated the […]
In a step towards true digital revolution, Dubai has announced plans to become the world’s first blockchain-powered government by 2020. This means that the emirate wants all visa applications, bill payments and license renewals to be transacted digitally using blockchain technology. The latter is an incorruptible system of digital ledgers that cuts out middlemen, decentralizes […]
Buying any coin using your credit card will bring a whopping 4% fee. Sold bitcoin after a spike and want to cashout? Another 4% if you are planning on using the PayPal option! Even the cheapest option being the Bank Account Transfer will run you 1.5% selling and buying! Now that may not seem like […]
Monkey Capital, a Delaware-based company seeking to create a decentralized hedge fund, has been hit with a class action lawsuit alleging a fraudulent issuance of securities. The claim, filed in the U.S. District Court in Florida, represents five plaintiffs who invested cryptocurrency now valued at $3.8 million into the project ahead of a proposed token […]
The emergence of bitcoin and other cryptocurrencies has led some economists to predict the technology could be used one day across entire economies, with digital currencies created by central banks. Carney told British lawmakers in Parliament on Wednesday that the blockchain technology used in cryptocurrencies conceivably could improve the way transactions are conducted between financial […]
China has very cheap coal-based electricity and also a lot of extra hydro-capacity.So a number of hydro-facilities in provinces like Szechuan were developed in anticipation of new cities coming online to take advantage of this new inexpensive electricity.However that electricity is idle, it’s not being utilised so many hydro dam operators have gone into the […]
Although blockchain is inextricably linked to bitcoin in many people’s minds, federal leaders have begun extolling its virtues for a wide range of government activities. Each block in a cryptographically secured chain of records contains transaction data, creating an open, distributed ledger that is resistant to modification. As a result, the technology has the potential […]
A cryptocurrency exchange in South Korea collapsed on Tuesday after it suffered a second cyberattack in eight months and lost a large amount of its digital-currency reserves. Yapian, the company that operates a Seoul-based exchange called Youbit, suspended digital-currency trading and filed for bankruptcy after its systems were hacked in the predawn hours of Tuesday. […]