Search Results for: Bitcoin exchange
Bitcoin could hit $6,000 by year-end, experts said
October 4th, 2017
Bitcoin could rally nearly 40 percent to hit $6,000 before the end of the year but investors should brace for more volatility, according to industry experts. The cryptocurrency was trading around $4,333 on Tuesday. The third quarter has been ...
Bitcoin shows that can survive and thrive without China
September 28th, 2017
Bitcoin traders have got a couple of things right lately. The digital currency can survive and thrive without China. And government regulation is positive, not negative, for the future of Bitcoin and other major cryptocurrencies. It adds credibility to ...
The price of bitcoin rose sharply
September 26th, 2017
The price of bitcoin rose sharply on Monday with its price spiking up 7 percent midday, according to CoinDesk market data. The price of the cryptocurrency is up nearly 300 percent year to date. Bitcoin is still under the ...
Company and individual charged for fraud in Bitcoin investments scheme
September 22nd, 2017
The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a federal civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Nicholas Gelfman, of Brooklyn, New York, and Gelfman Blueprint, ...
US bank CEOs are likely ‘very afraid’ of bitcoin, says wealth advisor
September 21st, 2017
CEOs of U.S. banks are likely “very afraid” of bitcoin, according to a wealth advisor. Some financiers have said the cryptocurrency is an unwise investment because of its volatility or supposedly weak store of value, but bank chiefs have ...
Here’s why the crackdown on bitcoin in China is ‘not a real problem’ for the digital currency
September 20th, 2017
The cryptocurrency market appears to be unconcerned about a Chinese crackdown on bitcoin, the largest digital coin by market cap. On Thursday reports that Chinese regulators would require exchanges to shut down bitcoin trading triggered a sell-off of nearly ...
South Africa’s Second Largest Supermarket Chain Pick n Pay Trials Bitcoin Payments
September 18th, 2017
A major supermarket chain in South Africa, Pick n Pay, has started a trial to accept bitcoin payments in-store at its head office location. A payment technology company named Electrum provides the payments platform, with bitcoin exchange Luno providing ...
Bitcoin mining has become very big business
September 14th, 2017
In China’s Hinterlands, Workers Mine Bitcoin for a Digital Fortune One of the largest sources of Bitcoin can be found in the grasslands of Inner Mongolia, despite Chinese skepticism over its potential for risk. They worked as factory hands, ...
Bitcoin and ethereum slide after JPMorgan Chase boss slams cryptocurrencies as “fraud”
September 13th, 2017
JPMorgan Chase chief executive Jamie Dimon slammed cryptocurrencies as a “fraud” last night, pushing the already slipping value of Bitcoin down another notch. Bitcoin hit a three-week low today following his remarks, dropping 5.6 per cent to $3,953, while ...
Russian govt wants to protect public from bitcoin trading as it resembles ‘financial pyramid’
August 30th, 2017
The Moscow Exchange is working on a mechanism to regulate trading in bitcoin and other digital currencies. At the same time, the Russian Finance Ministry says bitcoin resembles a pyramid scheme, and trading should be limited. “We are already ...
