Cryptocurrency News
For better (and more often) worse, the price of bitcoin was all but inseparable from one of its major exchanges in August. Bitcoin prices fell close to 20% to start the month, a steep decline that coincided with the hack of Hong Kong-based bitcoin exchange Bitfinex, one of the most heavily traded on the network … Read more
A federal judge in New York has ruled that bitcoin constitutes a form of money. The ruling comes from the ongoing case involving the now-defunct Florida bitcoin exchange Coin.mx and one of its former operators, Anthony Murgio. Murgio, who was indicted on alleged money laundering charges in July of last year, had sought to dismiss … Read more
The popular, multi-cryptocurrency wallet application Jaxx has just revealed that it will integrate Litecoin. Toronto-based Decentral details that the fourth-most valuable digital currency will be added to all nine Jaxx platforms this October. Due to Customer Demand, Jaxx Wallet Adds Litecoin This move comes in response to significant community demand for Jaxx to add Litecoin … Read more
The Bank of England has been one of the more aggressive central banks to investigate blockchain and distributed ledger technology, but at least one of its officials doesn’t believe widespread adoption will happen anytime soon. Andrew Hauser, the central bank’s executive director for banking, payments and financial resilience, made the remarks during a speech on the … Read more
According to the Bank for International Settlements’ credit-to-GDP gap, China could be dangerously close to a banking crisis that could threaten the future growth of the entire economy. Is China’s Debt-driven Economy on an Unsustainable Path? The Bank for International Settlements (BIS), a widely-respected financial watchdog, has reported that China’s “credit-to-GDP gap” has reached 30.1. … Read more