For years banks around the world worried that regulating cryptocurrencies would legitimize them and pose a threat to the existing financial system. So they tried to kill bitcoin calling it a fraud, a Ponzi scheme, a vehicle for money launderers and terrorists to fund their activities. While in September 2017, Jamie Dimon, JPMorgan’s CEO, called…
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In November, when bitcoin and Ethereum reached all-time highs, famous athletes, politicians, and regular people raced to join in on the excitement by announcing that they would convert a portion of their salaries into cryptocurrency. Their argument was that if you get paid in US dollars, as inflation increases, the value of your paycheck decreases.…
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Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Russia’s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy sovereignty. The move is the latest in a global cryptocurrency crackdown as governments…
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North Korean hackers stole nearly $400 million worth of cryptocurrency in 2021, making it one of the most profitable years yet for cybercriminals in the severely isolated country, according to a new report. Hackers launched at least seven different attacks last year, mostly targeting corporate investments and centralized exchanges with a variety of tactics including…
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Representation of cryptocurrency Dogecoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Tesla Inc (TSLA.O) will accept the meme-based cryptocurrency dogecoin as payment for its products such as the “Giga Texas” belt buckle and mini electric vehicle models, CEO Elon Musk said on Friday in a tweet. The move which sent…
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“Zhao Changpeng has become the world’s biggest cryptocurrency billionaire(Image: Bloomberg via Getty Images) A cryptocurrency CEO has become one of the richest people on the planet. Changpeng “CZ” Zhao, who manages the Binance cryptocurrency exchange, has joined the ranks of the world’s top billionaires, with an estimated net worth of at least $96 billion, according…
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Musk.MARK RALSTON/AFP via Getty Images Elon Musk seems to agree with many that hyper-secret cryptocurrency expert Nick Szabo could be Satoshi Nakamoto, the mysterious creator of the digital currency Bitcoin. “You can watch ideas evolve before Bitcoin was launched and see who wrote about those ideas,” Musk told artificial intelligence researcher Lex Fridman on…
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Digital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such as bitcoin as money is difficult, believes the chief executive of the international financial institution. IMF Chief Georgieva Marks Top Issues for Policymakers Exploring CBDCs…
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Corporate clients of NatWest may soon lose their banking relationship with the United Kingdom-based lender amid recent negative cryptocurrency-related policy statements. According to a report by The Guardian, Morten Friis, the head of the bank’s risk committee, has revealed that NatWest will refuse service to business customers that accept cryptocurrency payments. Friis made the bank’s…
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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You…
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