Cryptocurrencies are Ponzi schemes, says Kim
The President of the World Bank Group, Jim Yong Kim, has compared cryptocurrencies to “Ponzi schemes,” and thus, becoming the latest financial voice to raise questions about the legitimacy of digital currencies such as Bitcoin.
Bitcoin drops below $6,000 for first time in three months
Bitcoin plunged more than 20 percent to fall below $6,000 on Tuesday, its latest sharp loss following a series of setbacks, with a global stock market collapse fuelling the selling.
UK bank bans bitcoin purchases via credit card
Lloyds Banking Group on Monday joined major US banks in banning purchases of bitcoin and other cryptocurrencies via credit card amid debt and security concerns.
Bitcoin slides to below $10,000
Bitcoin, the dominant digital currency, extended a slump Wednesday following a recent surge to trade below $10,000 for the first time since the start of December.
ECB governor calls for tax, regulation on bitcoin
A top European Central Bank official on Wednesday called for governments to regulate and tax bitcoin, labelling the cryptocurrency an object of speculation and a tool for money laundering.
India likens crypto cash to Ponzi schemes
India warned Friday against investing in cryptocurrencies including bitcoin, likening them to "Ponzi schemes", as it became the latest country to urge caution.
Japan firm says it will pay part of salaries in Bitcoin
A Japanese company will start paying part of its employees' salaries in Bitcoin, as it aims to get better understanding of the virtual currency, a spokeswoman said on Friday.
Global stocks mixed as bitcoin surges
Global stocks were mixed Monday, with major US indices ending at fresh records as bitcoin futures surged in their debut on a major exchange.