As cryptocurrency prices tumbled across the board last year, venture capitalists focused their attention on the promise of the underlying technology. That, many said, was the smarter bet. Now, the tables have turned.
South African online payments provider PayFast is ditching bitcoin as a payment method, saying the cryptocurrency has several “limitations and design flaws that make it an impractical substitute for cash”.
Facebook’s foray into digital currencies risks reversing gains in privacy and user sovereignty won by computer networking pioneers, according to one of the co-founders of ethereum.
Japanese cryptocurrency exchange Bitpoint suspended all services after losing about ¥3.5-billion (R445-million) in a hack that involved ripple and other cryptocurrencies.
President Donald Trump on Thursday night warned Facebook over its plan to create a digital currency, the libra, a move that poses a new obstacle to the company’s cryptocurrency ambitions.