Winklevoss twins claim cryptocurrency guru stole 5,000 bitcoins

The Winkevoss twins are back in the news for their involvement in the cryptocurrency world, but this time they likely wouldn’t want to celebrate. The New York Times has learned that the two sued crypto investor and ex-convict Charlie Shrem for allegedly stealing 5,000 bitcoins in 2012 — no small amount when they’d be worth […]

A new form of cryptocurrency promises to defy financial gravity

TO GET AN idea of just how volatile cryptocurrencies are, compare them with the stockmarket. Bitcoin, the biggest one, moves as much against the dollar in a single day as the S&P 500 does in 23. For speculators, this is a feature. For anyone who wants to use these digital monies for payments, savings or […]

Google will reverse cryptocurrency ad ban in the U.S. and Japan

(Reuters) — Alphabet’s Google said on Tuesday it would allow certain regulated cryptocurrency exchanges to advertise in the United States and Japan, easing an earlier ban on all cryptocurrency ads. The changes will take place in October and advertisers will need to be certified with Google for the country where the ads will appear, the…Read […]

Ethereum, the world’s second-biggest cryptocurrency, is in meltdown

Markets Insider Ethereum has lost 20% over the last day and is now trading at its lowest level since August 2017. The world’s second-biggest cryptocurrency has lost more than 80% of its value since peaking in December 2017. Prices for Ethereum have fallen to their lowest level in a year. The world’s second-biggest cryptocurrency has […]

Deribit launches a cryptocurrency exchange with millisecond transaction speeds and low fees

One downside of trading Bitcoin and other cryptocurrencies is the high transaction fees. Another is that long delays while waiting for the transaction to clear can be the difference between winning and losing in such a volatile market. A Bitcoin futures and options exchange called Deribit has introduced the Deribit Perpetual, a trading product that…Read More

A cryptocurrency is making huge inroads in Venezuela as inflation runs wild — and it’s not bitcoin or the Petro

Ryan Taylor/Dash Core Group Venezuela is currently suffering from hyperinflation and the president recently devalued the currency by 95%. Locals are turning to cryptocurrencies as a more stable store of value and means to transact. 200 merchants per month are signing up to accept Dash in Venezuela, according to the Dash Core Group, and the […]

Federal court orders alleged hacker to pay for bail with cryptocurrency

Defendants in US federal court cases now have another option for staying out on bail: emptying their virtual wallets. A district court in San Francisco has ordered alleged hacker Martin Marsich to pay the equivalent of $ 750,000 in cryptocurrency if he wants to live in a halfway house while facing trial. It’s not clear […]

Venezuela's Maduro announces new minimum wage, exchange rate tied to petro cryptocurrency

Venezuelan President Nicolas Maduro has announced the plan to tie the national currency’s exchange rate to the state-launched cryptocurrency petro. The country’s new and increase minimum wage will also be anchored to the petro. Maduro said the petro would be valued at $ 60 or 3,600 sovereign bolivars after the redenomination planned for August 20 […]