Search Results for: cryptocurrencies
CySec issued a warning about trading on virtual currencies
October 16th, 2017
Following the Announcement (in Greek) issued by the Cyprus Securities and Exchange Commission (CySec) on 18 March 2014, regarding the risks associated when buying, holding, exchanging or trading on virtual currencies, CySec is warning again investors regarding this matter. Trading ...
Bitcoin shoots above $5,800 to record peak
October 13th, 2017
Bitcoin jumped to a fresh record high on Friday after breezing past the $5,000 mark on Thursday as the cryptocurrency rebounded after tumbling last month on increased scrutiny from regulators. Bitcoin rose as much as 7.4 per cent to ...
Singapore Drafting AML Regulations Around Cryptocurrency
October 6th, 2017
Singaporean Deputy Prime Minister Tharman Shanmugaratnam, who also serves as Minister in Charge of the Monetary Authority of Singapore (MAS), has revealed that MAS is in the process of devising a new regulatory framework to address money laundering and ...
Government officials fired when caught mining bitcoin using government computers
October 5th, 2017
Two government officials of the Crimean Council of Ministers were caught mining bitcoin using government computers and were subsequently fired. They reportedly installed “malicious software” on the government’s server and programmed over a dozen computers to mine bitcoin. The ...
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 ...
IMF Head: Cryptocurrency Could Be the Future
October 3rd, 2017
Christine Lagarde sees a path ahead for cryptocurrency. The managing director of the International Monetary Fund, or IMF, talked up the potential of virtual currencies to supplant traditional monies in coming decades on Friday. Cryptocurrencies, or virtual currencies, are ...
South Korea bans all new cryptocurrency sales
September 29th, 2017
South Korea’s financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in China on initial coin offerings. The Financial Services Commission said all kinds of initial ...
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 ...
Early bitcoin investor Palihapitiya declares ‘nobody can stop it’
September 27th, 2017
Investors who followed Social Capital’s Chamath Palihapitiya into the early stages of two investments he advocated would have made an awful lot of money. Palihapitiya was early in both Facebook, the ubiquitous social network, and bitcoin, the disruptive crypotcurrency ...
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 ...
