Search Results for: cryptocurrency
Ethereum Traders File Class Action Lawsuit Over Kraken Flash Crash
July 6th, 2017
A class-action lawsuit has been filed against cryptocurrency exchange startup Kraken over issues stemming from its management of a May flash crash. Less than two months later, five customers of the exchange are alleging negligence, breach of contract and ...
Goldman Sachs thinks bitcoin could see a big drop then surge to almost $4,000
July 4th, 2017
Bitcoin had a blistering first half of 2017. It rallied from about $1,000 a coin to a record high near $3,000 before finishing June near $2,500. It booked a first-half gain of about 168%. The historic run for the ...
Barclays spoke to regulators about bringing bitcoin ‘into play’
June 26th, 2017
Barclays U.K. CEO Ashok Vaswani told CNBC that the bank has spoken to regulators about cryptocurrencies like bitcoin. Vaswani did not reveal the content of the discussions with Britain’s Financial Conduct Authority (FCA), but said it involved talking about ...
Bitcoin is suddenly on pace to have its worst week since 2015
June 16th, 2017
After surging briefly to an all-time high of $3,000, bitcoin has been undergoing a dazzling reversal of late, with the digital currency on track to post its worst weekly decline in more than two years. Bitcoin BTCUSD, +1.77% has ...
Bitcoin non-regulation leaves users vulnerable to theft, fraud
June 15th, 2017
Cryptocurrency Bitcoin’s blockchain technology is attractive for several reasons – including decentralisation, pseudo-anonymity and its lack of regulation – but new research highlights a downside: users are open to theft and fraud. Computer scientists at Lancaster University and Universiti ...
Goldman Sachs warned that the bitcoin price may be headed to bearish territory
June 14th, 2017
Wall Street banking giant Goldman Sachs warned its clients that the bitcoin price may be headed for bearish territory. In a recent client note, published by finance blog Zero Hedge, chief technician Sheba Jafari, offered his view on the ...
Projecting the Price of Bitcoin
June 7th, 2017
The wild card in cryptocurrencies is the role of Big Institutional Money. I’ve taken the liberty of preparing a projection of bitcoin’s price action going forward: You see the primary dynamic is continued skepticism from the mainstream, which owns ...
Russia’s Central Bank Plans to Tax Bitcoin, Deem it a ‘Digital Commodity’
May 31st, 2017
The Central Bank of Russia could soon recognize digital currencies like bitcoin as digital commodities and tax them accordingly. According to the central bank’s deputy chairwoman, Olga Skorobogatova, the central bank is in the process of drafting legislation to ...
Bitcoin move over – there’s a new kid on the blockchain
May 30th, 2017
The digital currency bitcoin has broken new records – surging by more than 245 per cent since the start of the year. In just five months, the price of one bitcoin rose from $1,331 to its all-time-high of $3,894 ...
Increased Bitcoin Demand Puts a Strain on Global Exchanges
May 29th, 2017
May 25th was a hectic day in Bitcoin-land as trade volumes hit an all-time high of over $2.4 billion during the day. Many traders are making moves to accumulate profits by day trading or utilizing intra-range strategies. Although quite ...
