JPMorgan chief executive officer Jamie Dimon’s recent comments that Bitcoin is a “fraud” have prompted outrage by one cryptocurrency startup. The firm is using Dimon’s words in a full-page advertisement running in the Wall Street Journal. According to a report by CNBC, Eidoo, the Switzerland...
While many believe that millennials are shifting their focus away from stocks to bitcoin and other investments, the co-founder of popular stock trading app Robinhood isn’t as convinced. “I wouldn’t say that we’re anticipating a massive shift from stocks to cryptocurrencies,” Robinhood co-founder Vlad Tenev...
The extradition of a Russian man accused of laundering billions of dollars in Bitcoin is being made possible thanks to a Greek Supreme Court ruling. According to a report in Reuters, Alexander Vinnik, the accused mastermind behind a $4 billion Bitcoin laundering network, is among...
While Swiss financial watchdog FINMA announced it is investigating a number of initial coin offerings (ICOs) for possible breaches of Swiss law, South Korea has decided to ban the crowdfunding method altogether. According to news from Reuters, the Swiss investigation is the second crackdown in less...
Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. 31. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year,...
Cryptocurrency was under pressure Thursday (Sept. 14) after Chinese Bitcoin exchange BTCChina announced it would stop all trading as of Sept. 30. According to a report in Reuters, a few hours after BTCChina said it was shutting its exchange, Chinese news outlet Yicai said all Bitcoin exchanges will be...
The Dubai Financial Services Authority (DFSA) warned investors on Wednesday (Sept. 13) that initial coin offerings (ICOs) are complex and risky, joining a growing list of governments to do so. In a statement on its website, the DFSA said ICOs and the systems and technology that support them are...
The Internet Finance Association of China urged members Wednesday (Sept. 13) to avoid trading virtual currency or providing services that have to do with cryptocurrency trading. According to a report in Reuters, the trade group issued the warning because of what it called financial and...
Bitcoin can add another naysayer to its list: JPMorgan Chase & Co. chief executive Jamie Dimon. According to a report in Reuters, Dimon recently stated during an investor conference in New York that Bitcoin “is a fraud” and predicted the cryptocurrency would implode. “The currency isn’t going...
