IBM backs new stablecoin
IBM is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said.
IBM is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said.
There is evidence that tether, a digital currency pegged to the U.S. dollar, may have been used to manipulate the price of bitcoin and other cryptocurrencies, according to a research paper released by the University of Texas.
Using an iPad or iPhone to mine bitcoin or other cryptocurrencies would be hard to do, as the CPU power available to complete the task would be a drop in the bucket compared to what's needed.
Virtual currency sales ballooned to US$9.1 billion so far this year, exceeding the $6.6 billion total for all of 2017, a financial technology data provider reported on Monday, but it said the monthly trend actually showed a slowdown if the two biggest offerings are excluded.
Headphone maker Monster Products Inc said it is planning to raise up to US$300 million in an initial coin offering, a fund-raising strategy in which a company creates a token, or digital currency, and sells it to the public.
Too many cryptocurrency clients and fewer cloud computing orders than expected underwhelmed Nvidia investors on Thursday, although the graphics chip maker said a supply shortage that hit its core video game audience had eased.
Alphabet's Google has announced it will ban advertisements for cryptocurrencies and related content starting in June.
The Australian Taxation Office says that scammers impersonating the government agency have successfully conned Australians into paying fake tax debts using bitcoin and other cryptocurrencies.
ANZ, Westpac and NAB have confirmed they do not currently plan to emulate the Commonwealth Bank’s ban on the use of its credit cards to purchase Bitcoin and similar cryptocurrencies.
Tokyo-based cryptocurrency exchange Coincheck said on Sunday it would return about 46.3 billion yen (US$425 million) of the virtual money it lost to hackers two days ago in one of the biggest-ever thefts of digital money.
Hackers are opportunistic creatures. As device manufacturers continue to add more CPU cores and gigabytes of RAM to smartphones and tablets as well as enterprise-grade cloud servers, these devices will continue to be increasingly useful targets for botnets.
Australian musician Ben Lee has shared a new song about a meeting with Blondie guitarist Chris Stein on blockchain-backed social network Steemit.
European Central Bank governing council member Ewald Nowotny says that legislators and central bankers are discussing whether they should intervene to regulate cryptocurrencies, as China already has done.
In late September, news broke of Pirate Bay hijacking users’ CPU resources to mine cryptocurrencies, triggering a huge backlash from users.
Goldman Sachs Group Inc Executive Lloyd Blankfein said he is keeping an open mind on bitcoin after a media report that the investment bank was exploring a new trading operation dedicated to cryptocurrencies.