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Russia's existing stance on bitcoin and other digital currencies is... less than welcoming. You could face website bans and prison time just for using it. However, the country is making an about-face on the idea. Deputy Finance Minister Alexey Moi...

The Internet of Things is improving all the time. If you loved the IoT botnet Mirai that brought the Internet to its knees last year, you'll be ecstatic over the possibility of Mirai plus Bitcoin mining.

The post Mirai, the infamous IoT botnet, now forces ‘smart’ appliances to mine Bitcoin appeared first on ExtremeTech.

Stocks fell early on Tuesday before attempting a comeback during the afternoon.

However, all three major indices still finished in the red.

First up, the scoreboard:

• Dow: 20,629.16, -28.86, (-0.14%)
• S&P 500: 2,350.59, -6.39, (-0.27%)
• Nasdaq: 5,856.26, -24.67, (-0.42%)
• US 10-year yield: 2.305%, -0.056
• WTI crude oil: $53.23, +0.14, +0.26%

1. United Airlines' shares plunged after forcibly kicking a passenger off a plane. Shares were down by 2.6% in the afternoon, recovering some of their losses after being down by about 4.3% earlier in the day.

2. The Japanese yen spiked by 1.1% to its highest level since November. The current appreciation of the yen, which is traditionally considered a "risk-off" trade, comes amid a time of heightened geopolitical uncertainty in North Korea and Syria, as well the looming French elections. In other FX news, the Korean won closed down for the sixth consecutive sessions, and for 10 out of the past 11.

3. Job openings rose more than expected, while hires fell. Job openings in the US increased to 5.743 million in February, according to the Bureau of Labor Statistics. The quits rate, which is a gauge of how confident workers are in being able to find new jobs if they resign, slipped to 2.1% from its postrecession high of 2.2%. 

4. Trump said small businesses were "unable to borrow from banks" — but small-business owners disagree. The president blamed the post-financial-crisis Dodd-Frank banking regulations, which were enacted in July 2010, and higher capital requirements for the largest financial institutions. Trump said he planned to "streamline" or "eliminate" Dodd-Frank to allow small businesses to borrow again. Trump's narrative, however, is the opposite of what small-business owners are saying, according to a survey from the National Federation of Independent Businesses.

5. Treasury yields sank amid renewed uncertainty surrounding geopolitical tensions in the Middle East and on the Korean peninsula. Aggressive buying has yields down as much as 7 basis points in the belly of the curve, and testing their recent lows. Meanwhile, bitcoin spiked.

6. Dialog Semiconductor plunged after an analyst warned Apple may use fewer of its chips. Shares fell by as much as 16% on Tuesday after Karsten Iltgen, an analyst at Bankhaus Lampe, said in a note that there is "strong evidence" Apple is working on its own power-management integrated circuits, according to Bloomberg.

ADDITIONALLY:

The dark horse candidate in the French election who wants to slap a 100% tax on the rich is surging in the polls.

RAY DALIO: "I'm worried about what the next downturn might look like."

OPEC is over-delivering on its pledge.

RAY DALIO: I don't think we're going to have a radical change in the economy.

GOLDMAN SACHS: Hedge funds might finally have something to be happy about.

Art Cashin slaps down the myth of the Black Friday stock market crash.

Tesla shares could go higher, but investors shouldn't get overconfident. 

SEE ALSO: An Ivy League professor explains chaos theory, the prisoner's dilemma, and why math isn't really boring

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NOW WATCH: Here's why some Hong Kong skyscrapers have gaping holes

Italian banking conglomerate Banca Intesa Sanpaolo has tested a tool built on the bitcoin blockchain as part of a bid to validate trading data.

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The post Bitcoin Core Supporters Push for UASF appeared first on CryptoCoinsNews.

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The post Bitcoin Isn’t Money, Rules US Judge in Money Laundering Case appeared first on CryptoCoinsNews.

Bitcoin is up 1.3% at $1,227 a coin as traders move into the cryptocurrency amid a scramble for safety. Tuesday's bid comes following rising political tensions in the Middle East and on the Korean Peninsula which caused a steep sell off in risk assets. While those assets have clawed back their losses, bitcoin and other plays like the yen are holding onto their gains. 

Tuesday's advance has the cryptocurrency trading at its best level since March 16, the day before worries resurfaced that bitcoin's developers could set up a "hard fork," splitting it in two.

That was the beginning of a quick 25% plunge that concluded when the US Securities and Exchange Commission rejected a second bitcoin exchange traded fund. Earlier in the month, the SEC shot down the Winklevoss twins' plans for their own ETF.  

However, not all of the news surrounding bitcoin has been bad as of late. On April 3, Japan ruled that the cryptocurrency is a legal payment method. 

Bitcoin has been the t0p-performing currency every year since 2010, except for 2014, and is up 29% so far in 2017.

SEE ALSO: We bought and sold bitcoin — here's how it works

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NOW WATCH: Here's why some Hong Kong skyscrapers have gaping holes

It seems to be one thing after another for bitcoin. Amid the long-standing debate, one well-known bitcoin developer recently posted a note to the project's mailing list alleging a major mining entity is prolonging the debate over scaling because it would accidentally wipe out a technical advantage that gives it an upperhand over other miners. It's unclear his claims are true. […]

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One month after China's bitcoin exchanges announced they had upgraded their services in response to requests from regulators, digital currency withdrawals remain frozen for users. According to local exchange representatives, speaking on background, the companies remain in talks with the People's Bank of China (PBOC), the country's central bank and chief financial markets regulator. At issue, […]

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The post Impractical Policies See Bitcoin Exchange Poloniex Suspends Services in Washington State appeared first on CryptoCoinsNews.

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The post Ripple at All Time High as New Features Go Live appeared first on CryptoCoinsNews.

Russia’s government is reportedly planning to recognize bitcoin as a type of financial instrument next year.

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The post Buterin Raps Cryptocommunity’s Incivility in Bitcoin Block Size Debate appeared first on CryptoCoinsNews.

Russia does a complete U-turn from pushing for a bitcoin ban to legally acknowledging the cryptocurrency.

The post Russia May Recognize & Regulate Bitcoin in 2018 appeared first on CryptoCoinsNews.

Investor Adam Draper recounts the day the US government sold 30,000 bitcoins at auction, a day he argues changed perception of the tech forever.

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Writer-director Luke Jaden uses the vacant lots and abandoned buildings of his Detroit hometown to provide the setting for King Ripple—a sinister fairy tale about a young man whose desire to be left alone has turned him into a mass-murdering deity of sorts. Despite that, curious kids just can’t stay away.

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