It’s no secret that cryptocurrency has been in the news, and it’s already been a particularly newsworthy week for bitcoin and its counterparts. Interest keeps surging as bitcoin futures finally meet the market. Digital currency platforms experienced shutdowns amid record transaction numbers for Ethereum, and...
Newly launched bitcoin futures suggest that traders expect the cryptocurrency price gains to slow in the coming months – just as the Financial Services Commission of Korea has banned securities firms from intermediating bitcoin futures transactions. BusinessKorea reported that securities brokers in South Korea, which...
The U.S. Securities and Exchange Commission announced Monday (Dec. 11) that Munchee, the California food review service, has halted its initial coin offering after being contacted by the government agency. According to a press release, Munchee agreed to an SEC order in which it found...
As part of a new set of rules for FinTech companies, Indonesia’s central bank is preventing them from using cryptocurrency. According to a Thursday (Dec. 7) report by Bloomberg, Bank Indonesia deputy governor Sugeng told reporters in Jakarta the rule goes into effect on Jan....
Blockchain technology firm XinFin announced Sunday (Dec. 3) that it is integrating a new technology into its Hybrid blockchain, which aims to standardize enterprise-grade blockchains across industries. In a press release, the company said it is adding its XDC01 protocol into its Hybrid blockchain, used...
CME Group and Cboe Global Markets got the green light from regulators to list their bitcoin futures, bringing more legitimacy to cryptocurrency, which has been surging in value all year. According to a report in the Financial Times, the Commodity Futures Trading Commission (CFTC) said...
What do you get when a group of esteemed observers and participants in the financial system — among them Nobel laureates and billionaires and not a few government officials — chime in, as one, about the lures and lunacy of unchecked speculation? You get cause for concern....
Bitcoin dropped to as low as $9,000 in volatile trade yesterday, losing more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday. “Naturally, a few of the early bitcoin traders are taking some profits off the table,” said Charles...
As bitcoin hit a record high for the sixth day in a row – moving past $11,000 and gaining more than $1,000 in just 12 hours – some are concerned the cryptocurrency is in a bubble that will soon burst. According to a Reuters news...
