An asset, not a currency. So declared Israel’s central bank, which said Monday, as reported by Reuters, that it would not view cryptocurrencies — bitcoin among them, of course — as a reputable form of currency. Echoing other governments globally, the central bank said that risk...
South Korean financial authorities, in the form of a joint inspection by the Financial Services Commission (FSC) and Financial Supervisory Service (FSS), are taking a look at six local banks offering virtual currency accounts to institutions. The move comes as regulatory authorities in the nation...
Traditional ninth anniversary gifts are pottery and willow. But what do you get the cryptocurrency that seemingly has everything? Perhaps the two choices mentioned above are apt metaphors for the digital wave that has come to dominate the headlines, to a frenzied pitch. Pottery, as...
If you can’t beat ‘em, bitcoin ‘em. This weekend, fantasy sports fans and cryptocurrency fanatics alike will have a chance to celebrate the run-up to the Super Bowl by participating in history’s first ever Bitcoin Bowl, care of fantasy sports betting site FanDuel. “We consider ourselves...
A number of bitcoin rivals, such as Stellar, on their way to making a dent in the cryptocurrency’s dominance. Though the marquee name in crypto might be bitcoin, as a famous baseball player once noted (and as we paraphrase), something might be gaining on that...
Financial advisors at Merrill Lynch have been formally banned from pushing bitcoin-related investments for their clients, according to reports. Under the terms of the ban, Merrill’s approximately 17,000 advisors can not pitch bitcoin-related investments. Merrill advisors are further banned from executing client requests to trade Grayscale’s bitcoin...
The decline in the value of bitcoin carried into 2018, with the cryptocurrency down in trading on Tuesday (Jan. 2), marking the first time the popular cryptocurrency started the year lower since 2015. According to news in Bloomberg as of late Monday (Jan. 1), bitcoin...
Net short bitcoin contracts surged in the week of trading kicking off on Dec. 26, as investors bet the bitcoin futures traded on the Cboe Global Markets would decline. According to news from Reuters, citing data from the Commodity Futures Trading Commission (CFTC), net short bitcoin...
The latest in a growing chorus of regulators all over the world, India’s finance minister has joined the list this week in decrying bitcoin trading (and other associated cryptocurrencies), claiming that it is, at base, the same as buying into a Ponzi Scheme. Cryptocurrencies are...
