Tag: digital currency
LONDON (Reuters) – Digital currency bitcoin took another leap higher on Thursday, rocketing above $7,000 for the first time after a more than tenfold increase in its value over the past year. Bitcoin has seen eye-watering gains in recent months, having more than doubled in value in the past seven weeks alone. It is on […]
NEW YORK (Reuters) – U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge – some of the hottest tech startups that sell the coins just don’t need their money. Only a few years ago, digital currency entrepreneurs, like other Silicon Valley peers, had […]
NEW YORK (Reuters) – Digital currency bitcoin on Friday averted a split into two currencies after its network supported an upgrade to its software that would enhance its ability to process an increasing number of transactions. Bitcoin’s miners have signaled their support for the so-called Bitcoin Improvement Proposal (BIP) 91, avoiding a split of bitcoin […]
NEW YORK (Reuters) – Alphabit, a global fund that invests in digital currencies, has been launched with a target of $300 million, co-founder Liam Robertson said in an interview, as managers seek to tap growing demand for virtual assets that allow for instant, borderless transactions. Digital currencies such as bitcoin are issued and usually controlled […]
NEW YORK (Reuters) – A small, but rapidly growing number of digital technology start-ups is raising cash by creating and selling their own currencies in offerings bypassing banks or venture capital firms as intermediaries and are outside the reach of financial regulators. Investors are being drawn in on hopes that such “initial coin offerings” will […]
The discussions around digital currency continue. I had an interesting sort-of-argument with someone about this recently, and I mentioned in passing the dynamics of the shift from specie to token money during the industrial revolution. I think it’s worth expanding on this here, as to my mind it informs the debates about central bank digital […]
NEW YORK (Reuters) – Bank of Tokyo-Mitsubishi UFJ confirmed on Tuesday it is conducting experiments on a digital currency utilizing the technology behind the virtual currency bitcoin. The statement came following a report from the Asahi Shimbun newspaper last week that the bank will soon issue a virtual currency that will be available next year. […]
NEW YORK (Reuters) – New York state issued on Wednesday extensive new rules for companies that operate in virtual currencies such as bitcoin but did little to accommodate complaints that overly tight regulation could hamper the nascent industry. The new rules, the first by a state, create comprehensive guidelines for regulating digital currency firms, according […]
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