The bitcoin price is too volatile to make it a useful payment tool for merchants, PayPal CFO John Rainey claimed in a recent interview. Bitcoin Price Too Volatile for Merchants Rainey made this claim during a recent episode of “Mad Money,” explaining that merchant margins are too thin to make bitcoin a viable payment … Read more
Instability in exchange rates remains the biggest obstacle toward more widespread cryptocurrency acceptance, St. Louis Fed President James Bullard said Monday. Bitcoin and its growing legion of competitors have been on a highly volatile ride, particularly over the past year and a half or so. At one point in 2017, one bitcoin was going for … Read more
In the latest news on crypto, a report has it that Jack Ma has joined the bitcoin bashing brigade, although he remains keen on blockchain. Ma, chairman of Alibaba and considered China’s richest man, said during the second World Smart Conference in Tianjin that bitcoin is a bubble, according to a local industry report. Jack … Read more
Despite calls that bitcoin would rally throughout New York City’s “Blockchain Week,” the cryptocurrency’s price has dropped about 10 percent since the festivities kicked off. Bitcoin fell below $8,000 as the conferences wrapped up Friday, hitting a low of $7,931.43 after trading above $8,800 Monday, according to CNBC. “Many repeat attendees commented that the panels … Read more
Cryptocurrency news: You’ll agree with me that with so many digital coin options out there, it can be difficult for investors to know how to navigate the cryptocurrency universe. Ran Neu-Ner, founder of Onchain Capital and host of CNBC Africa’s “Crypto Trader,” offered a few tips to “Fast Money” traders on Thursday. Here are some … Read more
Zimbabwe’s central bank has recently banned domestic financial institutions from dealing with cryptocurrencies, local media outlet NewsDay reports today, May 12. According to the report, the Reserve Bank of Zimbabwe’s (RBZ) director and registrar of banking institutions Norman Mataruka issued a circular Friday ordering all financial institutions to terminate servicing cryptocurrency exchanges within 60 days … Read more