Resilience risks: cryptocurrency and blockchain Resilience and risk professionals, particularly those from a non-IT background, need to develop their overall understanding of emerging technologies says Luke Bird, FBCI. How else are they going to be able to fully appreciate the magnitude of risks potentially facing their business? In this article Luke gives a backgrounder on Continue Reading…

Nvidia planned to shift $50 million worth of CMP, or Cryptocurrency Mining Processors, in its first quarter of 2021. It sold $155 million. And if that wasn’t a sign of the increasing demand for graphics cards intended for the sole purpose of mining virtual coins, Nvidia expects to more than double that figure in Q2 Continue Reading…

A report from City A.M. alleged that an anonymous insider at Amazon had news that it would start to accept Bitcoin and other cryptocurrencies by the end of the year. This rumor quickly spread across news sites and social media. Amazon has apparently denied the rumors via an email statement to Bloomberg, according to Zero Hedge Continue Reading…

WASHINGTON, May 11 (Reuters) – On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in the past month, according to data site CoinMarketCap, as investors fret about tightening monetary policy. Compared with the Fed’s last tightening cycle which began Continue Reading…

CNBC talked to more than a dozen BitMart users personally affected by the breach. One common theme across many of these conversations was a desire for transparency. The shared feeling was that bad news was better than no news. One BitMart user, who said he felt his tokens were “being held hostage,” sent CNBC a Continue Reading…

Unless you’ve been living under a rock the past few years, we’re sure you’ve definitely heard of cryptocurrency and bitcoin. But with lots to learn, it can be difficult to understand if you don’t know the basics.  Below we’re simplifying things to make a somewhat complex system easier to understand.  WHAT IS CRYPTOCURRENCY? A cryptocurrency Continue Reading…

Finance Minister Chrystia Freeland released her second federal budget on Thursday — a 280-page, multibillion-dollar plan focused on cooling down Canada’s housing market, boosting defence spending and transitioning to a greener economy. But those aren’t the only line items in the federal government’s new fiscal plan. Here are some of the budget’s lower-profile promises and funding initiatives. Financial Continue Reading…

The SEC has released its 2021 regulatory agenda and has left Bitcoin and cryptocurrency out. Instead, its focus is on short-selling, a topic that has grown into a heated debate in the wake of the meme stock craze with GameStop and AMC Theaters.  Don’t miss out on how smart money is playing the crypto game. Continue Reading…

Summary List Placement Musk said bitcoin payments made to Tesla will not be converted to fiat currency. The option to pay in bitcoin will be made available to non-US customers later in 2021, he said. Bitcoin rose 5% after Elon Musk said a Tesla car can now be purchased using the world’s most popular cryptocurrency. Continue Reading…

BOSTON — What started as a financial novelty is moving into the mainstream as more people buy and sell cryptocurrencies like Bitcoin. Tempting stories of making a lot of money fast are all over social media. “I believe that cryptocurrency is the future,” said Will Manning, a junior majoring in finance at the University of Continue Reading…