A luxury condominium complex in Orlando, Florida, is the latest firm to partner with BitPay to provide bitcoin payment processing for real estate transactions.Announced August 6, the Grove Resort & Water Park will accept bitcoin for purchases of their 878 resort-style condo residences. Yet, the relatively small update hides a larger story – BitPay is […]
Ripple is coming under fire from a serial Bitcoin (BTC) proponent this week after news emerged a lawsuit against the company has intensified.Ripple will feel U.S. regulators’ wrath, says VaysRipple, which notionally controls the token known as XRP, is currently being taken to court by an investor, Bradley Sostack, who claims the company engaged in […]
A healthcare-focused blockchain firm has settled charges with the U.S. Securities and Exchange Commission (SEC) over its 2017 ICO.The SEC said on Monday that New England-based SimplyVital Health, Inc. raised around $6.3 million in ether (ETH) via a pre-sale of its HLTH tokens to fund a touted “healthcare-related blockchain ecosystem” called Health Nexus.The pre-sale was […]
Rep. Brad Sherman (D-Calif.) on Wednesday argued that Facebook’s new cryptocurrency project could be a greater threat to Americans than Osama bin Laden.Speaking during a House hearing on the digital currency, Sherman said Facebook CEO Mark Zuckerberg should testify before Congress about his company’s plans.”We’re told by some that innovation is always good,” Sherman said. […]
Facebook will announce its cryptocurrency later this month, and will allow employees working on the project to take their salary in the form of the new currency, according to a report in The Information.About a year ago, the company appointed former PayPal executive David Marcus to begin exploring opportunities with blockchain, the technological underpinning for […]
Cryptocurrencies fell amid reignited regulatory worries and questions around the legitimacy of so-called “stablecoin” tether.The entire market shed about $10 billion in value in the space of an hour late Thursday, CoinMarketCap data showed. This after the New York attorney general accused the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding […]
For a long time, the main barrier to mainstream adoption of cryptocurrencies has been the unwillingness of retailers to make the changes necessary to use them. Given the risks that massive fluctuations in these markets present to retail businesses, it’s understandable that they’d be reluctant to accept Bitcoin or other staple coins.A new partnership established […]
Investors, traders, and speculators are jumping into the Bitcoin and cryptocurrency markets again, sending prices soaring across the board.Over the last seven days, Bitcoin has gained 25.74%, Ethereum 18.76%, Ripple 16.12%, and Litecoin 53.20%–see table 1. The rally was extended across the cryptocurrency markets, with 94 out of the top 100 cryptocurrencies gaining in price-see […]
American economist and notorious crypto critic Nouriel Roubini has argued that if and when central bank digital currencies (CBDCs) are adopted, they won’t be based on blockchain.Roubini — otherwise known as “Dr. Doom” for his prediction of the 2008 housing bubble collapse — made his comments during a joint panel with Ethereum (ETH) co-founder Vitalik […]
President Donald Trump has made many promises to the American people. One of them was his tax plan. He and his administration vowed tax cuts would lead to growth and pay for themselves, rather than add to the already ballooning deficit.But that doesn’t seem to be the case. The latest reading from the Treasury Department […]
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