Binance, the largest cryptocurrency exchange in the world by trading volume, will move from Hong Kong to the European island nation of Malta in the Mediterranean Sea. The exchange expects soon to offer direct purchase of cryptocurrency using ordinary fiat currencies such as dollars and euros. That could greatly increase the number of potential investors […]
Big bets on bitcoin and other cryptocurrencies are too risky for retirement investors, but a little digital money can hedge against declines in the values of other nest-egg assets. Bitcoin is the most widely held cryptocurrency, but its volatile value makes bitcoin unsuitable as a long-term investment, according to David Twibell, president of Custom Portfolio […]
The U.S. National Security Agency reportedly has been monitoring Bitcoin users since 2013 on a global scale — with an express imperative to identify supposedly anonymous users and monitor their online cryptocurrency related activities. The NSA is an intelligence agency responsible for clandestinely monitoring, collecting and processing communications for the U.S. military. Classified data obtained and […]
Cboe Global Markets, the first exchange to launch Bitcoin futures, would like the Securities and Exchange Commission (SEC) to allow cryptocurrency exchange-traded funds (ETFs), broadly also known as exchange-traded products (ETPs). An ETF composed of cryptocurrencies would greatly simplify investing in the newfound asset class and would likely also greatly increase the market cap of […]
Wall Street trading firm Jane Street Capital will begin trading in cryptocurrencies, beginning with Bitcoin. Known for being secretive about its proprietary practices and profit margins, the firm reportedly trades more than $13 billion daily. Jane Street Capital is believed to primarily deal in trading related to stocks, technology and arbitrage trades. Exactly how the firm […]
At the recent G20 summit to discuss global trade and tariffs one subject was front and center — cryptocurrencies. While some governments seem to be easing up on the growing crypto business, China is looking to crack down hard. “Crypto-currencies are really commodities or stores of value that create enormous problems in illegal trade, money […]
CryptoKitties — the Ethereum-powered virtual game in which users spend crypto to collect digital pet cats — has raised more than $12 million in seed capital. Like Angry Birds was for smartphone apps, the makers of the game are hoping for a breakout success to makes using cryptocurrency a mainstream activity for millions. The Vancouver-based developers […]
Bank of England chief Mark Carney says cryptocurrencies “do not pose risks” to the world’s economy. He said so in a letter sent to G20 finance ministers and central bank governors meeting in Argentina, where they will address risk and opportunities in the global economic system — including cryptocurrencies, initial coin offerings (ICOs) and blockchain […]
In the wake of Google and Facebook placing bans on cryptocurrency ads social giant Twitter has decided to follow suit — despite moves by its own CEO to promote Bitcoin with little reservation. Sky News reported that the social media giant is preparing a ban that would prohibit all advertisements from the sector. There has been […]
Billionaire Peter Thiel, a co-founder of PayPal and early investor in Facebook, says that Bitcoin has tremendous value as a store of wealth and not as a currency — but he is still banking on it in a big way. “I would be long Bitcoin, and neutral to skeptical of just about everything else at […]
