Governments lose control of exchange rates as bitcoin traders evade border controls

Posted on Leave a commentPosted in News

Bitcoin is threatening to destroy the ability of governments to manipulate their own currencies, as the cryptocurrency creates a new way to evade ­official controls and move money across borders. The loophole could have significant implications across the … Read Full Story The post Governments lose control of exchange rates as bitcoin traders evade border […]

Even as Bitcoin Languishes, Telegram Raises $1.7 Billion Ahead of Largest ICO Ever

Posted on Leave a commentPosted in News

Even while the fervor for cryptocurrency poster child Bitcoin cools, investors are still piling onto what’s expected to be the largest initial coin offering yet—that of messaging app Telegram. The five-year-old company, which has attracted users by … Read Full Story The post Even as Bitcoin Languishes, Telegram Raises $1.7 Billion Ahead of Largest ICO […]

What you need to know on Wall Street today

Posted on Leave a commentPosted in News

Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. It’s Good Friday, so most of the major US and European markets are closed. And that’s about the only good news for Facebook right now, as […]

Bitcoin Prices Slumps Under $7,000 Thanks to China’s Reported Cryptocurrency Launch

Posted on Leave a commentPosted in News

Bitcoin prices slumped under $7,000 today as reports suggest China’s central bank (The Peoples Bank of China, PBoC) is considering a plan to release its own cryptocurrency. Chinese officials say that the official cryptocurrency would be named “The Digital … Read Full Story The post Bitcoin Prices Slumps Under $7,000 Thanks to China’s Reported Cryptocurrency […]

Does the IRS Get a Cut of Bitcoin Cash?

Posted on Leave a commentPosted in News

Omri Marian is a professor of law at the University of California, Irvine. He contributed to several projects on the taxation of cryptocurrencies at the American Bar Association Section on Taxation. The views expressed are his own and do not constitute tax … Read Full Story The post Does the IRS Get a Cut of […]

NBA fans turn on 98-year-old chaplain Sister Jean after she claims God prefers college basketball

Posted on Leave a commentPosted in News

Sister Jean, the adorable team chaplain for the Loyola-Chicago Ramblers, said on Friday that she believed God preferred college basketball to the NBA, as the players weren’t there for financial gain. NBA fans and advocates for paid college players quickly turned on Sister Jean. Most jokes were good-natured, but the moment made clear that no […]