Let’s face it, buying Bitcoin, Litecoin, Ether, or any of the other cryptocurrencies is hard. You need a different account with an unfamiliar company that often requires two-factor authorization and has a host of hoops you must jump through. But now all of that might be a thing of the past, as popular mobile payment
The International Monetary Fund (IMF) and central banks are beginning to fret over what could happen if enough consumers start use digital currencies instead of national currencies. Some of the controversy is of their own making, as some central banks consider issuing central bank digital currencies (CBDC) to combat the rise of private cybercurrencies, such
It’s been a big year for Square (SQ), the mobile payment facilitator which has been expanding its services to help small businesses adapt to the changing landscape brought on by the pandemic by now allowing retailers to collect payments online. The company’s pivot to an online-first focus has already helped its gross payment volume from
Cryptocurrency Bitcoin has jumped in price by more than 50% this year and currently sits just over $11,000. The digital dollars moved higher as it went through its latest “halvening” in May, at which point the algorithm that controls the mining, or creation, of the coins reset and it takes twice the effort to create
On Wednesday, the high-profile Twitter (TWTR) accounts of President Barack Obama, Joe Biden, Elon Musk, Warren Buffett, Kim Kardashian, Bill Gates, and more were hijacked in a cryptocurrency scam. Hackers who demanded bitcoins were believed to be responsible for about 300 transactions, worth over $100,000 over the course of a few hours. Yes, it’s a
While much of 2020 has been characterized by a never-ending, always being topped news cycle and the demise of the retail industry, one stock has quietly been surging. Impervious to the ill-affects the coronavirus is having on the market, Square (SQ) has quietly been one of 2020’s hottest stocks, gaining more than 80% in 2020
