Lamborghinis lined the street outside a massive NYC cryptocurrency conference, but it turns out they were only staged rentals

Robertus Pudyanto/Getty Images Lamborghinis were spotted parked outside New York’s blockchain conference Consensus this week. Cryptocurrency enthusiasts (and others) have long revered the Lamborghini as an aspirational symbol of wealth. But it turns out that the Lamborghinis in question didn’t actually belong to any of the attendees: They were staged rentals. Lamborghinis have long been […]

Cryptocurrency has been great for GPU makers—that might change soon

Nvidia announced its financial results on Thursday, and they were spectacular. For the company’s first fiscal quarter—which runs from late January through late April—the company had revenues of $ 3.2 billion. That’s up 10 percent from the previous quarter and up 66 percent over the last year. Profits were even more impressive, rising 11 percent […]

Coming to grips with compliance and regulation for cryptocurrency traders

SPONSORED: Presented by Blockchain Terminal Cryptocurrencies are more than just a new asset class; they are a new investment paradigm. In a few short years the trading of crypto has gone from rudimentary peer-to-peer trades to being supported by an entire industry of platforms, exchanges, and tools. However, the trading ecosystem for crypto is stil…Read […]

Basis—the “stable” cryptocurrency with $133 million invested—explained

Enlarge / A bollard. (credit: praveenkay / Flickr) Last week, we learned that an impressive slate of Silicon Valley investors was pouring $ 133 million into Basis, a company that aims to create a cryptocurrency with a stable value against the dollar. It’s easy to see why investors would be excited about a project like this. If […]

Billionaire banking heir and cryptocurrency investor Matthew Mellon dies in rehab at 54

Dimitrios Kambouris/Getty Images for Dom Perignon Billionaire Matthew Mellon is dead at 54. He died at a rehab facility in Mexico after struggling with an addiction to painkillers. Mellon is a descendant of the founders of Mellon Bank and investment bank Drexel Burnham Lambert. In recent years he made a reported $ 1 billion investing in […]

Over-the-counter cryptocurrency market moves over $100 million daily via messaging apps

(Reuters) — Trading firms are negotiating buying, selling and lending digital currencies like Bitcoin and ether over Skype, catering to big investors looking to avoid rocking already volatile online exchanges. Some 20 traders as well as clients such as wealthy investors, bitcoin miners, payment processors and, increasingly, hedge funds, have…Read More

Is the cryptocurrency market quietly dying out?

The skyrocketing price of bitcoin gave rise to ethereum, ripple and other altcoins. However, the bullish market, which has spawned over 1,500 cryptocurrencies, has turned bearish, and some cryptos are imploding. Bittrex, a major US-based cryptocurrency exchange, said it would remove a total of 82 altcoins from ‎its listings by March 30. The majority of […]