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.
Thinking of jumping into bitcoin? If this week’s boom and bust trading didn’t scare you away, you might want to do so on a Saturday or Sunday.