Bitcoin Trounced the Dow This Year If bitcoin’s momentum continues, one new digital coin could be worth as much as an ounce of gold by next year. By Telis Demos and Paul Vigna Updated Dec. 30, 2016 10:11 p.m. ET Bitcoin has often been dismissed as a niche, a fad or worse. But in 2016, […]
Circle Internet Financial says it will focus on mobile payments business By Telis Demos Updated Dec. 7, 2016 5:03 a.m. ET Circle Internet Financial, one of the most heavily-funded digital currency startups, will no longer offer the ability to buy and sell bitcoins. Photo: Getty Images The move, disclosed by the company Wednesday, is the […]
By Michael Cohn December 6, 2016 Accountants need to watch out for the wide-ranging impact of blockchain, a technology popularized by digital currencies such as bitcoin. Blockchain relies on “distributed ledger technology” to record transactions made with the virtual currency and uses encryption to safeguard security. The technology distributes the ledgers to different computers to […]
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