PYMNTS-MonitorEdge-May-2024

Cryptocurrency

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Source: en.wikipedia.org

Coinbase Capital Raise Pegged to $1B Valuation
Coinbase Capital Raise Pegged to $1B Valuation
June 05, 2017  |  Bitcoin

The bitcoin exchange Coinbase, according to The Wall Street Journal, is in the midst of talking to investors about a potential funding round that would value...

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Chinese Bitcoin Exchanges Open Again For Withdrawals
Chinese Bitcoin Exchanges Open Again For Withdrawals
June 02, 2017  |  Payment Methods

Bitcoin rallied today after large China-based cryptocurrency exchanges announced they would resume withdrawals. The digital currency peaked at $2,407, a 4.1 percent increase from yesterday....

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US Firms Diss Bitcoin As Cryptocurrency Price Swings
US Firms Diss Bitcoin As Cryptocurrency Price Swings
June 01, 2017  |  Investments

Bitcoin’s monumental price swings have piqued the interest of traders and investment firms. But despite consistently hitting new highs all year, most mutual funds in...

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Bitcoin Tracker: Before And After The Surge
Bitcoin Tracker: Before And After The Surge
May 26, 2017  |  Bitcoin

On Monday, bitcoin prices hit a record high at $2,100 per coin. On Wednesday, the cryptocurrency hit another milestone at $2,416 a coin. On Thursday,...

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Players Unite To Speed Up Bitcoin
Players Unite To Speed Up Bitcoin
May 26, 2017  |  Bitcoin

An agreement to upgrade the speed of processing transactions propelled bitcoin to new heights on Thursday (May 25). The value of the cryptocurrency soared another...

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Messaging App Kik Rolls Out Ethereum-Based Cryptocurrency
Messaging App Kik Rolls Out Ethereum-Based Cryptocurrency
May 26, 2017  |  Mobile Commerce

Kik, the messaging app, is creating its own cryptocurrency in an effort to boost user numbers and get brands to engage more with the company....

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Did The IRS Overstep With Coinbase Summons?
Did The IRS Overstep With Coinbase Summons?
May 23, 2017  |  Bitcoin

Coinbase is saying the Internal Revenue Service went too far in its demands of the popular bitcoin exchange, and it’s pushing back in court to...

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Bitcoin Cracks $2,000
Bitcoin Cracks $2,000
May 22, 2017  |  Bitcoin

Amid volatility, has bitcoin broken through a psychological barrier? The cryptocurrency traded above $2,000 on a per coin basis for the first time. The pricing,...

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