Some chosen users of the Square Cash platform are now able to buy and sell bitcoin. TechCrunch reported this new development from Square, and Square's stock jumped to an all-time high of $41.80 per share. Some of these gains, however, were given up during the trading day. Still, the…
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SEC Calls for Auditors to Watch Cryptocurrencies
Wesley Bricker, chief accountant for the U.S. securities, informed the public that his office was looking into cryptocurrencies, coins, and tokens and the way they are traded and exchanged. He advises that private cryptocurrency practitioners make sure their cryptocurrency skills are up to par. Bricker stated that his accounting…
Nvidia Report Suggests that Cryptocurrency Mining has Slowed in Q3
Nvidia Corporation, an American technology company, based in Santa Clara, California, is not worried about the recent downturn in the sale of cryptocurrency. Nvidia designs graphics processing units or GPUs for cryptocurrency mining, but this is a small part of the company’s portfolio. Bloomberg has reported that cryptocurrency mining-related…
The Mt. Gox Hack
In 2014, Mt. Gox, one of the largest bitcoin exchanges on the globe and based in Japan, was on top of the world. They handled 70% of all bitcoin transactions globally. However, the end of February brought ruin and bankruptcy to Mt. Gox. Mt. Gox lost almost 740,000 bitcoins…