Search Results for: crypto currency
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 ...
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 ...
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 ...
Top China Bitcoin exchange to stop trading
September 15th, 2017
One of China’s biggest Bitcoin exchanges has said it will stop trading, after a government warning over virtual currencies. BTCC said it would stop buying and selling on 30 September in response to tightening regulation. It comes after authorities ...
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, ...
Town in Switzerland accepts tax payments in bitcoin
September 13th, 2017
Switzerland ramped up its bid to become a global hub for financial technology (fintech) and cryptocurrency start-ups with the decision by a town on the Italian border to accept tax payments in bitcoin. Chiasso announced that it would take ...
China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades
September 11th, 2017
China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week. The ban will only apply to trading ...
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 ...
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 ...
Value of all digital currencies hits record around $160 billion
August 29th, 2017
The total value of the digital-currency universe tracked by data research site Coinmarketcap.com, including those linked to the Bitcoin BTCUSD, +0.00% Ethereum and Ripple blockchain networks, reached around $160 billion on the session, surpassing a previous record at $156.4 ...
