Search Results for: crypto currency
‘Wild West’ Bitcoin ‘should be regulated’
September 19th, 2018
Bitcoin and other digital currencies are a “Wild West industry” and need to be regulated to protect investors, a committee of MPs has urged. Problems include volatile prices, minimal consumer protection and risks of hacking and money-laundering, says the ...
Rakuten e-commerce giant buys a bitcoin exchange
September 3rd, 2018
Rakuten, Inc., the largest e-commerce site in Japan and among the world’s largest by sales, announced that it decided to acquire everybody’s bitcoin Inc. (hereinafter “everybody’s bitcoin”) through its subsidiary, Rakuten Card Co., Ltd. The acquisition is based on ...
Bitcoin sinks further; Most altcoins enter negative territory for the week
August 31st, 2018
Bitcoin fell for a second straight day Thursday, putting a lid on the recent euphoria that had some pundits eyeing $8,000 and beyond. One bitcoin BTCUSD, +1.28% was last worth $6,913.85, down 1.8% since Wednesday at 5 p.m. on ...
Bitcoin breaks above $7,000; Ethereum, Litecoin, Ripple also advance
August 29th, 2018
Bitcoin advanced for a fourth day, exceeding $7,000 in its longest winning streak in more than a month, and with momentum indicators suggesting the rally has further to run. The biggest cryptocurrency climbed as much as 4.7 percent on ...
Swiss watchdog to propose looser anti-money laundering rules for fintechs
August 29th, 2018
Swiss financial regulator FINMA is planning to loosen anti-money laundering rules for smaller financial technology firms, part of a drive to boost innovation and shore up the country’s position as a leading money management hub. The revisions, prompted by ...
The people who got burned by the Bitcoin boom
August 23rd, 2018
Pete Roberts of Nottingham, England, was one of the many risk-takers who threw their savings into cryptocurrencies when prices were going through the roof last winter. Now, eight months later, the US$23,000 ($34,638) he invested in several digital tokens ...
Bets against bitcoin have doubled since the beginning of August, exchange says
August 17th, 2018
Betting on bitcoin isn’t for everyone. However, according to data from a leading cryptocurrency exchange, interest in betting against the worlds biggest digital currency is growing. Bitfinex, the fourth largest cryptocurrency exchange with 24-hour volume of $614.8 million, has ...
1 in 2 ICOs failed in the second quarter — and those that succeeded suffered huge losses
August 8th, 2018
Money continues to flood into the booming market for digital tokens issued by startups despite the projects seeking funding getting worse and investment returns suffering, according to a new report 55% of “initial coin offerings” (ICOs) failed to complete ...
Bitcoin slipped below $7,000; Bitcoin leading rivals also retreated
August 7th, 2018
Bitcoin slipped below $7,000 to its lowest level in three weeks, as seemingly positive sentiment surrounding the largest virtual currency soured over the weekend. The digital token fell as much as 6 percent to trade with a $6,000-handle for ...
Online scammers captured after causing Eur 18 million of damage
August 2nd, 2018
After six years of preparation and coordination, the international Operation Warenagent has seen the arrest of 15 individuals, thought to be members of a network responsible for online fraud causing EUR 18 million worth of damage. The operation was ...
