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Bitcoin Price Tumbles as S. Korea Discusses Ban

Other digital currencies also dropped

(Newser) - Prices of bitcoin and other digital currencies skidded Tuesday after South Korea's top financial policymaker said a crackdown on trading of cryptocurrencies was still possible, the AP reports. Finance Minister Kim Dong-yeon said in an interview with local radio station TBS that banning trading in digital currencies was "... More »

Cops: At Gunpoint, Man Forced to Give Cryptocurrency Info

Authorities say $1.8M in cryptocurrency was then stolen

(Newser) - With the value of cryptocurrencies soaring, authorities warn that people could be ripped off by sophisticated hackers—or by crooks using more old-fashioned methods. New Jersey authorities say Louis Meza, a 35-year-old cryptocurrency investor, lured a friend into a minivan, where a gunman demanded his keys, his phone, and the... More »

Look Out Bitcoin, Here Comes Ethereum

New virtual currency is creating a buzz

(Newser) - Bitcoin hasn't quite soared the way many had hoped it would. Perhaps Ethereum will. The virtual currency has gained interest from IBM, JPMorgan Chase, and Microsoft "as a sort of Bitcoin 2.0," reports the New York Times . Created around 2014 by a 21-year-old college dropout, Russian-Canadian... More »

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