The growth of bitcoin "mining" activity could send the cryptocurrency's price as high as $64,000, investment research firm Fundstrat said Thursday. Bitcoin is created through an energy-intensive process known as mining, in which computers receive the cryptocurrency as...
Former head of online payments giant Paypal is bullish on the future of digital money but maintains that bitcoin is a scam. "Everyone is drinking the Kool-Aid," Bill Harris, former Paypal, CEO told CNBC's "Fast Money" Thursday. "I absolutely...
A major Asian chip manufacturer cut its revenue forecast for the year, citing uncertainty in cryptocurrency "mining" demand as a factor. Taiwan Semiconductor Manufacturing, or TSMC, is the largest semiconductor foundry company in the world....
J.P. Morgan Chase reportedly ousted its "special operations" head after learning that his insider security group had started spying on the bank's top executives. With the help of more than 100 engineers from the data mining company Palantir, Peter...
If bitcoin can't recover $8,600 soon, bitcoin "miners" will likely find it unprofitable to keep creating the cryptocurrency, Morgan Stanley analysts said. Bitcoin traded slightly higher near $8,200 on Thursday, according to CoinDesk. It has struggled to recover...
Andrey Rudakov | Bloomberg | Getty ImagesĀ  A worker loads a liquid electrolyte into the electrolysis bath at the Krasnoyarsk aluminum smelter,...
Digital currency exchange Coinbase is building on a recent hiring streak with a deal to buy Earn.com announced Monday. As part of the acquisition, the crypto company will bring on Earn's founder and CEO as its first-ever chief...
Early cryptocurrency investor Mike Novogratz has hired Goldman Sachs executive Richard Kim as the new chief operating officer for his merchant bank, Galaxy Digital, according to a person familiar with the matter. Kim, whose LinkedIn profile says he was...
Stifel lowered its rating for Intel, noting the company could face pressure as the upgrading cycle in its computer-server business peaks. At the same time, the investment bank increased its rating on competitor Advanced Micro Devices. ...
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