Any attempt to regulate cryptocurrencies such as Bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community, a director at Germany’s central bank said on Monday. National authorities across the globe, and particularly in Asia, have attempted to put the brakes on a […]
Read More A bitcoin sell-off that began at the beginning of the week is gaining momentum, with a fifth of its value evaporating in just the past 24 hours. The digital currency slumped 19 percent to $12,668 Friday, according to the tracking site CoinDesk. The price of bitcoin has skyrocketed in recent weeks, and Friday’s drop brings […]
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Bitcoin fell more than 10 percent on Wednesday to a one-week low of $15,800 at cryptocurrency exchange Bitstamp, losing almost one- fifth of its value from a peak hit just three days ago. The digital currency has been sliding since it reached a record high of $19,666 on Sunday, when the exchange giant CME Group […]
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CME Group Inc, the world’s largest derivatives exchange operator, began trading bitcoin futures on Sunday, with the contract opening at what is currently its session high and dropping over 6 percent within the first half hour. The CME bitcoin front-month futures opened at $20,650 and have so far traded as low as $19,290 and as […]
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US prosecutors have charged a New York woman with using Bitcoin and other crypto-currencies to send funds to the Islamic State group. Zoobia Shahnaz, 27, was arrested at her Long Island home on Thursday for sending over $150,000 through shell accounts in China, Pakistan and Turkey to benefit IS extremists. Much of the money came […]
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The public’s interest in all things bitcoin and efforts by entrepreneurs to fund their businesses with digital currencies is starting to draw more attention from regulators. The head of the Securities and Exchange Commission this week warned investors on the risks of investing in largely-unregulated digital currencies. Just this month, the SEC halted two attempts […]
Read More The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading. The first bitcoin future trades are set to kick off at 6 p.m. EST (2300 GMT) on Cboe Global Markets Inc’s […]
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International bankers and economists have sounded a warning about the mega risks involved in embracing bitcoin, which has lately soared to a new record high of more than $8,000. Six years ago, it traded for just one dollar. “It’s the exact definition of a bubble,” the head of Swiss banking giant, Credit Suisse, Tidjane Thiam, […]
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Bitcoin climbed to a new all-time high of $6,450 on Wednesday, boosted by bets the cryptocurrency could enter the financial mainstream after the world’s largest derivatives exchange operator said on Tuesday it would launch bitcoin futures. CME Group Inc said it would provide a regulated trading venue for the cryptocurrency market and would launch the […]
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Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology. Blockchain, the underlying technology behind bitcoin, is a financial ledger maintained by a network of computers that can track the movement of any […]
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