Overstock, the online retailer and blockchain company, announced Thursday (Jan. 3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. In a press release, Overstock said it plans...
Lenders are weathering the downturn in cryptocurrency better than other players, with the industry seeing strong demand from borrowers. According to a report in Bloomberg, creditors are going after borrowers who want to hold onto their cryptocurrency until it goes up, as well as investors...
As the value of digital currencies has fallen, some financial firms — including Goldman Sachs, Citigroup, Morgan Stanley and Barclays — have put their plans to offer cryptocurrency trading to clients on hold. “The market had unrealistic expectations that Goldman or any of its peers...
In an effort to help WhatsApp users transfer money, Facebook is reportedly creating a digital currency. Unnamed sources told Bloomberg that the company is at work on a stablecoin, which is a cryptocurrency tied to the value of the U.S. dollar, and is reportedly eyeing...
Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having trying to get insurance to protect against hacks and theft. Reuters, citing analysts, reported that obtaining insurance would be a huge step in...
Bitcoin fell to its lowest price in 15 months on Friday (Dec. 14), and analysts are predicting that further declines could be in store for the popular cryptocurrency. The price of bitcoin broke below the $3,200 mark to reach roughly $3,160 in the afternoon, MarketWatch...
An analysis of bitcoin addresses shows that the majority of bitcoin (BTC) owners own only one-tenth of the digital currency, according to a report. Digital asset research company Delphi ran the numbers and found out that 22.9 million bitcoin addresses have at least some amount...
Bitcoin, the world’s best-known cryptocurrency, continued its downward slide on Tuesday (Dec. 11), reaching a new low, according to a report by MarketWatch. Tuesday morning saw one bitcoin trading at $3,333.60, which is down 2.1 percent since end of day Monday. If the ubiquitous digital...
Coinbase, a platform that allows users to buy, sell and store cryptocurrency, said it is considering adding 30 new cryptocurrencies to its roster for trading, according to a report. The company said it is looking at many different currencies, including Cardano’s ADA, EOS and Tezos....
