For the first time, Bitcoin can now be used in everyday life in South Korea. According to Danal Fintech Monday,… customers can now pay with Bitcoin by converting it into South Korea’s digital currency Paycoin, using its app. It’s accepted in more than 70-thousand stores,… including CU, 7-Eleven, Holly’s Coffee and Kyobo Book Store. Danal […]

Venezuela formally launches its new oil-backed cryptocurrency in an unconventional bid to haul itself out of a deepening economic crisis. The leftist Caracas government puts 38.4 million units of the world’s first state-backed digital currency, the Petro, on private pre-sale from the early hours.

It’s been described as a bubble about to burst, a way of laundering money and also as the future of finance. At the World Economic Forum’s meeting in Switzerland this week, the spotlight fell on digital currencies like Bitcoin, and the technology on which they are built. Al Jazeera’s Jonah Hull reports from Davos.

Cryptocurrency bitcoin has set another record, breaking through the $12,000 mark for the first time. Compare that with where it was at the beginning of the year, when it was trading at around $1,000 per token. Since then, it’s been growing constantly, albeit it with regular fluctuations. RT discussed this with Craig Erlam, senior market […]

CARACAS (Reuters) – Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the “petro” backed by oil reserves to shore up a collapsed economy. The leftist leader offered few specifics about the currency launch or how the struggling OPEC member would pull […]

With cryptocurrency values shattering records and upcoming changes to the bitcoin platform, artist Andy Bauch, is providing commentary on the freedom and volatility of developing digital currencies. He’s creating tangible pieces of art from the abstract, ethereal virtual cash. Bauch uses his proprietary computer software to design and assemble artworks, choosing playful and familiar LEGO […]

Zimbabwe’s army seized control of the country on Tuesday night, claiming it was removing “criminals” around Robert Mugabe, and held the president and his family under house arrest. But can the military intervention really bring change for the country’s ailing economy? Not unlike the after effects of the Greek crisis of 2015 and the current […]

Bitcoin trade in Japan accounts for about half of the global trade volume. That number has surged since the government passed a new law earlier this year, recognizing bitcoin as a legal form of currency. CNBC’s Akiko Fujita reports.

Bitcoin’s meteoric rise is attracting a ton of attention. Is it ready for the mainstream? Coming soon to Bloomberg: a digital hub for cryptocurrency and blockchain news, analysis and insight. Correction: Venezuela does not jail Bitcoin miners. There are thousands of them in the country. They jail criminals. And misuse of scarce electricity can be […]