Bitcoin & Banking News

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The Risks and Benefits of Digital Currency

The first heard the term “Bitcoin” I was sitting in the middle of my local mall waiting to get the rest of my shopping done. I overheard someone say they had completed a payment using some sort of digital currency. I laughed to myself: That’s definitely not going to catch on. Now, years later, I’m eating my words as digital currencies

Why You Can't Afford to Ignore Cryptocurrencies and Blockchain Anymore

Though cryptocurrency and its underpinnings — blockchain technology — have gone through tough times over the last eight years, they have evolved to the point where they pose a serious threat, not only to banks, but also to other centralized control systems, such as payment systems, insurance companies, law firms, and even governments. We cannot blame top bank officials for

Someone in 2010 Bought 2 Pizzas With 10,000 Bitcoins -- Which Today Would Be Worth $20 Million

On May 22, 2010, a developer bought two pizzas using 10,000 units of a then-little-known digital currency called bitcoin. Today, 10,000 bitcoins are worth more than $20 million. Bitcoin is going nuclear. Its price is tearing upward, with each bitcoin worth $2,128 — a little shy of its all-time-high of $2,185 reached earlier Monday morning. Just a year ago, it was trading at just

6 Cryptocurrencies You Should Know About (and None of Them Are Bitcoin)

In the 21st century, money is no longer limited to bills, coins and credit cards. In fact, some money is truly international — not owned by any particular government — and regulated “by the people” instead of a central entity. It also exists wholly on the internet. This type of money is called cryptocurrency. You may have heard of or