Tag - Bitcoin

Bitcoin price LIVE: Cryptocurrency PLUMMETS amid mini-crash | City & Business | Finance

Bitcoin has lost a third of its value in over a week after the cryptocurrency surged to a new record high and almost hit $20,000 on Sunday but decreased throughout the week.  The cryptocurrency plummeted more than 30 percent over five days since its all-time high on Sunday.  Despite its dramatic fall overnight, the cryptocurrency is still well up on the year and has seen a meteoric rise. Bitcoin has faced differing prices throughout 2017, with the cryptocurrency set at £1,000 [...]

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Bitcoin futures trading is off to a flying start

Trading in Bitcoin futures on the Chicago-based Cboe exchange commenced this morning at 10:00am AEDT (Australian time). And futures traders took a bullish stance on the cryptocurrency, as underlying Bitcoin prices rose steadily throughout the day. Shortly after midday AEDT, a total of 890 futures contracts had been traded, the Cboe exchange said in a press release. And the table below from the Cboe website shows futures traders are optimistic about future price increases. The most commonly traded one-month contract — expiring [...]

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Criminalizing Bitcoin Users? US Congress Holds Hearing to ‘Modernize’ AML Laws Today

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The U.S. Senate Judiciary is to hold a full panel hearing today on modernising anti-money laundering (AML) laws with the inclusive of digital currencies. Scheduled to take place at 10 a.m. at the Dirksen Senate Office Building 226, in Washington D.C., Bill S1241: Modernizing AML Laws to Combat Money Laundering and Terrorist Financing will be up for discussion. It will be chaired by Chuck Grassley, a senior U.S. [...]

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Wealth Managers Are Seeing a Spike in Investors’ Interest in Bitcoin

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. As Bitcoin continues to gain in value, wealth managers are finding themselves being questioned about the asset and whether they should Invest in it. One such company that is experiencing this is Cumberland Advisors, based in Sarasota, Florida. In an interview with Bloomberg, David Kotok, co-founder, chairman and CEO of Cumberland Advisors, said that clients are frequently asking them about the digital currency. They think it’s cool. It has [...]

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China’s Bitcoin Curtain Call a ‘Watershed Moment’, Says Huobi Founder

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. As Chinese Bitcoin exchange Huobi suspends local CNY trading today, the ‘big three’ trading platform is looking at pastures beyond China. In an announcement, Huobi founder Leon Li laid out the company’s future vision as the exchange implements “full cessation of all digital assets” trading against the yuan today. Li wrote: I believe that this is not only a milestone for Huobi, but also a watershed in the history [...]

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Bitcoin Banned as a Payment Method in Indonesia, Adopters Will Be ‘Dealt With’

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The head of Bank Indonesia, Indonesia’s central bank, has threatened action against Bitcoin adopters if the cryptocurrency is used as a method of payment. First reported by CCN in early 2014, the country’s central bank issued a public notice warning citizens to be careful of adopting virtual currencies. “Bank Indonesia states that Bitcoin and other virtual currency are not valid currency or payment instruments in Indonesia,” read [...]

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As Bitcoin Price Hits Record Highs, Australia’s Government Considers Digital Currencies and Tax Implications

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. As Bitcoin’s valued soared to record heights over the weekend, the Australian government heard evidence on digital currencies and its tax implications. On Saturday, Bitcoin’s value saw its value rise to $6,200 for the first time, pushing its Market cap to $102.8 billion. With Investor interest increasing in the cryptocurrency Market, governments are turning their attention to the impact it presents. One of which is Australian’s House of [...]

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Alleged Bitcoin Launderer BTC-E Admin’s Legal Future Thrown Into Turmoil

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A Greek court approved Russia’s extradition request for alleged BTC-e operator and Bitcoin launderer Alexander Vinnik, throwing his judicial future into question. As CCN has reported, Vinnik — a 37-year-old Russian national — was arrested in July while vacationing in Greece in connection with alleged financial crimes he committed while operating Bitcoin exchange BTC-e. Earlier this month, a three-judge panel approved a request to extradite him to the [...]

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Globitex Launch Token Sale for Spot and Derivatives Exchange in Bitcoin

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. The project, which is co-founded by former Executive Director and Founding Board Member of the Bitcoin Foundation Jon Matonis, aims [...]

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