Central bankers claim bitcoin could break the internet — the crypto world thinks they’re missing the point

REUTERS/Carlos Jasso The Bank of International Settlements on Sunday said bitcoin is “a poor substitute for the solid institutional backing of money.” Critics in the crypto world say the report missing the point — bitcoin and other cryptocurrencies are still in development and shouldn’t be judged yet. Circle CEO calls the report “shallow” and said: […]

CRYPTO INSIDER: Meet the first blockchain religion

Andreas Nieto Porras/Flickr Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. No, this isn’t a joke. There is really a blockchain-based religion now. Here’s what you need to know about Matt Liston, his […]

CRYPTO INSIDER: A new bitcoin ETF has experts laughing

Andrew Burton/Getty Images Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. Investment manager VanEck is trying its hand at launching a bitcoin-linked investment product for the third time. But one market structure expert says […]

A crypto miner trolls Warren Buffett with bitcoin billboards outside his office (BRKB)

Bill Pugliano/Stringer/Getty Images The founder of a crypto-mining company claims to have installed billboards trolling Warren Buffett. Buffett famously compared bitcoin to rat poison earlier this month.  Follow the price of bitcoin in real-time here.  A cryptocurrency-mining company claims to be trolling billionaire investor Warren Buffett with billboards near his Omaha office. Marco Krohn, co-founder […]

South Korea’s largest crypto exchange raided by prosecutors

Reuters/Christinne Muschi South Korean crypto exchange Upbit was raided by prosecutors on suspicion of Fraud, Yonhap news agency reported. Upbit sent a note to clients saying it is cooperating and clients’ assets are secure. (Reuters) – South Korean prosecutors raided the country’s biggest cryptocurrency exchange, Upbit, on Thursday and Friday on suspicion of fraud, Yonhap […]

Switch, PC, and crypto all lead to booming growth for Nvidia

Nvidia just reported record quarterly revenue of $ 3.21 billion for the three-month period that ended April 29. That is up 66 percent year-over-year from $ 1.94 billion. Increased demand for GPU-based artificial intelligence is one of the key factors driving Nvidia’s growth, but the company also saw huge jumps in spending in its gaming […]

CRYPTO INSIDER: ‘Put your money where your mouth is,” Winklevoss twin tell Bill Gates

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. Tyler Winklevoss, the cofounder of crypto exchange Gemini, is telling Bill Gates to put his money where his mouth is after the billionaire said he would […]

Crypto money-laundering

AS LONG as dirty money has been around, so has money-laundering. Between $ 800bn and $ 2trn, or 2-5% of global GDP, is washed annually, estimates the United Nations Office on Drugs and Crime. Criminals have swapped money for precious metals, mis-stated invoices, rinsed cash through casinos or simply strapped it to their bodies and […]

New York’s attorney general launches an investigation into crypto

Thomson Reuters The attorney general of New York has launched a fact-finding mission into cryptocurrency exchanges.  He is requesting information from 13 exchanges about the use of bots, outages, consumer protections, and other issues.  New York Attorney General Eric Schneiderman is looking to add transparency to the opaque market for digital currency. Schneiderman’s office has […]

Meet the traders, investors, and technologists pioneering crypto on Wall Street

BI This hasn’t been an easy year for cryptocurrency enthusiasts. Bitcoin, the largest crypto, is down more than 70% from its all-time highs set at the end of 2017, as regulators look to clamp down on exchanges and tech companies shun advertisements related to the nascent digital coin market.See the rest of the story at […]