President Nicolas Maduro says Venezuela has received $735 million in the first day of a pre-sale of the country's digital currency aimed at pulling the country out of an economic tailspin.
Smari McCarthy, a lawmaker for Iceland's Pirate Party, suggests taxing the profits of bitcoin mines as large virtual currency mining companies have established a base in the country.
The cryptocurrency market could go boom or bust, but blockchain is probably here to stay and has the potential to determine the future of commerce.
Japanese female idols have teamed up to form the Virtual Currency Girls group to promote knowledge of cryptocurrencies through entertainment.
The clampdown in South Korea, a crucial source of global demand for cryptocurrency, comes as policymakers around the world struggle to regulate an asset whose value has skyrocketed over the last year.
The extraordinarily rapid rise in the price of Bitcoin, a controversial form of currency yet to be widely accepted, has led many financial experts to call it a speculative bubble that's waiting to burst.
Japan's GMO Internet plans to start paying salaries in bitcoin on an optional basis in a bid to better understand virtual currency. Whether employees are interested in signing up for the experiment was not disclosed.
Zoobia Shahnaz, a 27-year-old Pakistani-born resident of Brentwood, obtained more than $85,000 through banks to buy cryptocurrencies which she wired to people help the militant group, court documents say.
"Whether it's a fraud, whether it's a bubble, whether it's legitimate ... you will be able to express all of those thoughts in a transparent marketplace," said Ed Tilly, chief of the Cboe which launched Bitcoin futures on Sunday.
Bitcoin's wild swings occur as the financial community prepares for bitcoin futures to start trading on Cboe Futures Exchange this weekend before hitting the major Chicago Mercantile Exchange.
We are dedicating this edition of Tech Week to the skyrocketing Bitcoin phenomenon.
The frenzy surrounding the virtual currency escalated just days before it starts trading on a major US exchange.
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