Search Results for: cryptocurrency market
Russia to ban Bitcoin Exchange websites, says Central Bank Official
October 10th, 2017
Russia will block access to websites of exchanges that offer crypto-currencies such as Bitcoin, Russian Central Bank First Deputy Governor Sergei Shvetsov said on Tuesday. He called them “dubious”. Russian financial authorities initially treated any sort of money issued ...
Feds Miss out on $600 Million Payday in Silk Road Bitcoin Auction
October 9th, 2017
The U.S. Department of Justice recently claimed the proceeds from the sale of 144,336 bitcoins found in Ross Ulbricht’s laptop, gained from Silk Road’s seizure in 2013. Claiming the proceeds took a couple of years, and netted the government little over ...
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 ...
Japan Approves 11 Bitcoin Exchanges In Regulatory Framework
October 3rd, 2017
Japan’s Financial Services Agency (FSA) has granted regulatory approval to 11 domestic virtual currency exchanges, making them the first to be allowed to operate under the country’s new financial services regulations. The list of companies includes bitFlyer, QUOINE, Bit ...
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 ...
Bitcoin and the Fintech Sector Are Being Scrutinized by Mexican Legislators
September 19th, 2017
Mexico would regulate its fast-growing financial technology sector, including firms that use crypto-currencies like bitcoin, to protect consumers and spur competition, under a proposed bill seen by Reuters. The proposed legislation, which Mexican President Enrique Pena Nieto said this ...
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, ...
Blockchain firms in $1.3b virtual currency battle
September 12th, 2017
Two of the world’s largest blockchain developers are battling over more than US$1 billion (S$1.3 billion) in virtual currency options, in a dispute that may help establish the leading player in providing new payment technologies to financial companies. R3, ...
China’s Central Bank Is Banning Initial Coin Offerings
September 5th, 2017
Initial coin offerings, or ICOs, are the hot fundraising tactic of the year, giving startups—usually cryptocurrency-related ones—the chance to get funded in exchange for virtual coins rather than company shares. But China isn’t hopping on board. On Monday, the ...
Bitcoin cash crashed on Monday; down nearly 20% at $579 a coin
August 22nd, 2017
Bitcoin cash is crashing on Monday, trading down nearly 20% at $579 a coin after soaring to a record high of $942 during an impressive weekend rally. In the process, bitcoin cash reclaimed the spot as the third-largest cryptocurrency, ...
