Tag: Bitcoin
Amongst the many announcements, posturing and general disruption that is going on in the payments arena, there seem to be two trends that are happening in parallel. The first is that payments are engaging social media. The second is that the technology behind Bitcoin is getting noticed. The blockchain approach, which underpins the veracity of transactions […]
NEW YORK (Reuters) – USAA, a San Antonio, Texas-based financial institution serving current and former members of the military, is studying the underlying technology behind the digital currency bitcoin to help make its operations more efficient, a company executive said. Alex Marquez, managing director of corporate development at USAA, said in an interview this week […]
(Reuters) – Bitcoin payment processor Coinbase opened an exchange and online wallet service in the UK on Tuesday, allowing people to convert sterling into bitcoin. Expanding to the UK will make it easier to access bitcoin in one of the financial capitals of the world, San Francisco-based Coinbase said in a blog on its website. […]
NEW YORK (Reuters) – In a little noticed move, bitcoin exchange itBit has filed for a banking license in New York, according to the state banking authority. Approval for the license may come in the next couple of weeks, people familiar with the matter told Reuters, which could make itBit the first bitcoin company to […]
NEW YORK (Reuters) – International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the “blockchain,” to create a digital cash and payment system for major currencies, according to a person familiar with the matter. The objective is to allow people to transfer cash or make payments instantaneously using this technology […]
NEW YORK (Reuters) – The U.S. government on Wednesday said it plans to auction 50,000 bitcoins on March 5, following the recent criminal conviction of Ross Ulbricht for being the mastermind behind the online black market known as Silk Road. The auction being conducted by the U.S. Marshals Service is the third for bitcoins seized […]
HONG KONG (Reuters) – Hong Kong’s central bank has warned people against investing in virtual currencies amid local media reports that a bitcoin exchange may have run off with $387 million (£253 million) in client funds – making it potentially the biggest bitcoin scandal after last year’s bankruptcy at Tokyo-based Mt.Gox. The South China Morning […]
HOLLYWOOD, Fla. (Reuters) – Cameron and Tyler Winklevoss, two of the leading advocates of bitcoin, expect to get regulatory approval to launch a U.S. exchange for investors to buy and sell the virtual currency in the first quarter, the twins told Reuters on Monday. “The information coming out of the DFS (Department of Financial Services) […]
Poor old Bitcoin. You have to have some sympathy for the beleaguered virtual or cryptocurrency that has defied the pessimistic pundits and still exists. Barely a week goes by without a news story about it or predictions of its demise or attempts to regulate it. At some stage it will either go away completely, disappearing due […]
People talk about being methodical when managing risk, but most of that talk is hooey. It is not in human nature to be methodical about risk. Or rather, as Nobel laureate Daniel Kahneman has pointed out, humans use methods that are good for managing some kinds of risk, and terrible for managing others. Imagine trying […]
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