The price of ether is shattering all-time highs. Rising to more than $1,000 for the first time ever last week, the cryptocurrency has reclaimed its place as the second-largest blockchain by total value, days after being temporarily surpassed by Ripple's XRP token. However, as with that controversial market move,...
Israel's central bank has said that cryptocurrencies like bitcoin are more an asset than a currency. Addressing a meeting of the Knesset Finance Committee yesterday, Nadine Baudot-Trajtenberg, deputy governor of the Bank of Israel, said, "Bitcoin and similar virtual currencies are not a currency, and are not considered foreign currency." Defining the Bank...
Investment service firm TD Ameritrade sees cryptocurrencies like bitcoin as a great way to attract millennials to trading. Speaking to CNBC on Monday, the company's chief market strategist JJ Kinahan said that the cryptocurrency market is providing a chance to bring in people who were traditionally not interested in trading. Kinahan said: "People...
GPU maker Nvidia has tweaked its software license agreement to limit the use of its products by data centers – unless they're mining cryptocurrencies. An update to the company's license agreement emphasizes that the drivers which allow computers to work with the GeForce or Titan chips cannot be used...
Michael J. Casey is chairman of CoinDesk's advisory board and a senior advisor of blockchain research at MIT's Digital Currency Initiative. I am frustrated by the debate over whether or not bitcoin is an environmental disaster waiting to happen. No one seems to know what assumptions to use. Depending on what...
What if blockchain could be used to actually save lives? That's the thinking ongoing at pharmaceutical heavyweights Pfizer, Amgen and Sanofi. The three companies – typically black boxes when it comes to their work – are now eyeing blockchain as a means of streamlining the process of developing and...
Eric Piscini, a principal with Deloitte Consulting LLP, is the global leader of Deloitte’s financial services blockchain consulting efforts and co-lead at its the global blockchain and cryptocurrency team. The following article is an exclusive contribution to CoinDesk's 2017 in Review. As the technology behind bitcoin nears its 10th year...
The social media team at the U.S. Securities and Exchange Commission's Fort Worth office has taken aim at the recent trend of publicly-traded companies looking for a blockchain price boost. As previously reported, the past months have seen a range of companies, including a virtual reality platform and a Long...
Six unnamed commercial banks in South Korea are being scrutinized by regulators for their relationship with the country's bitcoin exchange ecosystem. According to a Jan. 8 statement, the Korea Financial Intelligence Unit and the Financial Supervisory Service want to know whether the banks – which offer accounts for cryptocurrency trading –...
Chinese bitcoin mining pool ViaBTC has announced that it will close its marketplace for mining contracts this week, a move that comes amid new reports of a ban by authorities in the country. In a Jan. 8 statement, ViaBTC said that it would shut down the market – through...