PayPal Exits Facebook Digital Payments Project LibraPayPal has pulled out of Facebook's digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-expected scrutiny over its proposed creation of an alternative payments system.
Fed Chairman: Facebook's Cryptocurrency Libra 'Raises Many Serious Concerns'The Federal Reserve has set up a working group to evaluate Facebook's Libra cryptocurrency, Chairman Jerome Powell told the House Financial Services Committee during his testimony Wednesday.
Facebook Announces Plans To Launch Digital Currency 'Libra' Next YearFacebook is unveiling plans to create a new digital currency similar to Bitcoin for global use.
Report: Facebook Looks to Launch Its Own CryptocurrencyThe Wall Street Journal reports that Facebook plans a cryptocurrency-based payment system that it could launch for billions of users worldwide.
Couple Arrested In Bitcoin Theft, 1 Suspect Still At-LargeA woman and two men allegedly stole a computer that contained Bitcoin worth $10,000 after a family refused to pay more for the trio's services.
Menlo Park High-End Jewelry Store First In World To Accept CryptocurrencyStephen Silver is known for selling rare, ultra-high end jewelry and watches. It is the first jewelry store in the world that accepts in cryptocurrency.
Bitcoin Goes on Wild Ride and It May Only Get CrazierBitcoin volatility has created a circus-like atmosphere. Some companies have added the word "bitcoin" or related terms to their names to get in on the action. Crazy thing is, it's worked.
Bitcoin Lost A Third Of Its Value In 24 HoursBitcoin prices plunged sharply to below $11,000 on Friday, with the digital currency losing roughly a third of its value in just 24 hours.
Bitcoin Is A Hit On Wall StreetBitcoin has exploded in popularly and volatility this year. For the first time ever, bitcoin futures have traded on a major U.S. exchange.
PayPal Co-Founder, S.F. Entrepreneur Talks Bitcoin, Digital Security in Q&ASan Francisco entrepreneur and PayPal co-founder Max Levchin discussed the state of digital payments, computer security and bitcoin with the Associated Press in a Q&A Sunday.
Bitcoin Boom May Be A Disaster For The EnvironmentWithout a significant change in how transactions are processed, bitcoin could be consuming enough electricity to power the U.S. by the middle of 2019.
Bitcoin Tops $17,000; Hack Raises Concerns Ahead Of US TradeBitcoin surged past $17,000 Thursday as the frenzy surrounding the virtual currency escalated just days before it starts trading on major U.S. exchanges.
Bitcoin: The Future of Money or Road to Financial Ruin?Bitcoin had a rough week, with a flurry of rumors that China will shut down exchanges and the head of a major U.S. bank calling the cryptocurrency a "fraud."
China Bitcoin Exchange To End Trading At Month's EndOne of China's biggest bitcoin exchanges says it will stop trading at the end of the month following reports regulators have ordered all Chinese exchanges for the digital currency to close.
Imminent Bitcoin Upgrade Risks Financial PanicAn internal dispute over the digital currency could soon mean financial losses, whipsawing prices and delays in processing payments.