Tag Archives: Bitcoin

Is Global Front on Bitcoin Regulation Possible?

Is Global Front on Bitcoin Regulation Possible?

On a day where confusing news continues to emanate from South Korea and China on new proposed bans and restrictions on Bitcoin, a member of the board of Germany’s Bundesbank has called for a united global regulatory front. Joachim Wuermeling of Bundesbank believes there is very little chance of containing this digital global phenomenon with differing national rules across the […]

NBA’s Dallas Mavericks Will Accept Bitcoin For Tickets, Mark Cuban Promises

NBA’s Dallas Mavericks Will Accept Bitcoin For Tickets, Mark Cuban Promises

Mark Cuban, billionaire tech investor and owner of the NBA team The Dallas Mavericks tweetedon Tuesday, Jan. 16 that starting next season, it will be possible to buy tickets to the team’s games with Bitcoin. The Dallas Mavericks won’t be the first basketball team to start accepting Bitcoin as payment for tickets. The Sacramento Kings officially started […]

France Creates Working Group for Cryptocurrency Regulation

France Creates Working Group for Cryptocurrency Regulation

The French minister of the economy, Bruno Le Maire, has announced the creation of a working group to develop cryptocurrency regulations. In a speech Monday, Le Maire said that the working group will be responsible for proposing guidelines and drafting a framework on cryptocurrency regulations with the objective being to prevent the technology’s misuse, French […]

Down 14 Percent: Bitcoin Charts Bearish Amid Asia Concerns

Down 14 Percent: Bitcoin Charts Bearish Amid Asia Concerns

Bitcoin is taking a hit today, touching 3.5 week lows at the time of writing. Data source OnChainFX indicates that bitcoin (BTC) has depreciated by 14 percent in the last 24 hours. At press time, prices were was at $11,966 levels, according to CoinDesk’s Bitcoin Price Index. Notably, the world’s largest cryptocurrency by market capitalization is down 40 […]

Is the Crypto Market Booming or Maturing?

Is the Crypto Market Booming or Maturing?

2017 was a breakthrough year for the crypto market for major coins such as Bitcoin, Ethereum, and Ripple, increasing awareness by the mainstream market, and innovative new applications of Blockchain technology drove impressive returns. More importantly, this blistering pace for the entire ecosystem is being driven by increasing appetite on the side of investors, with no sign of abating. The […]

US Treasury Secretary Addresses Anonymity, Sanctions And Digital Currencie

US Treasury Secretary Addresses Anonymity, Sanctions And Digital Currencie

The US Secretary of the Treasury, Steven Mnuchin, made a number of statements regarding the international use of digital currencies at a meeting of the Economic Club of Washington on Friday. The Secretary expressed his concern that Bitcoin wallets could potentially become the modern equivalent of the anonymous Swiss bank account. He intends to work with the G20 nations to offer US […]

‘Nothing Finalized’: South Korea Gov’t Ministries Diverge Over Crypto Ban Proposal

‘Nothing Finalized’: South Korea Gov’t Ministries Diverge Over Crypto Ban Proposal

Conflicting reports today, Jan. 11, have led to confusion after a South Korean minister announced plans of a bill intended to ban cryptocurrency trading in the country. According to Reuters, South Korean officials are working on documentation that will make it illegal to trade virtual currencies on local exchanges. The country’s Justice Minister Park Sang-ki […]

Goldman Sachs Admits Bitcoin is Real Money, Cites Use Cases in Developing World

Goldman Sachs Admits Bitcoin is Real Money, Cites Use Cases in Developing World

White shoe investment bank Goldman Sachs has admitted that Bitcoin and other digital currencies could succeed as real money in developing economies. Goldman strategists wrote in a recent report: “In recent decades the U.S. dollar has served its purpose relatively well. [But] in those countries and corners of the financial system where the traditional services of […]

Microsoft Resumes Bitcoin Payments After Halt Over ‘Instability’

Microsoft Resumes Bitcoin Payments After Halt Over ‘Instability’

Tech giant Microsoft is once more accepting bitcoin payments on its online store. According to Bleeping Computer, Microsoft temporarily suspended bitcoin transactions last week, with company sources citing the “unstable” state of the cryptocurrency. The reason was likely due to bitcoin’s current high volatility and fees, the tech news source added  An unnamed spokeswoman from Microsoft […]

Bitcoin ETF Proposals Withdrawn After SEC Pushback

Bitcoin ETF Proposals Withdrawn After SEC Pushback

Several firms seeking to list exchange-traded funds (ETFs) tied to bitcoin have withdrawn their filings at the request of officials from the U.S. Securities and Exchange Commission. Direxion Shares ETF Trust, Exchange Listed Funds Trust and ProShares Trust all filed to create exchange-traded products in the past month. Yet notably, none of the proposed offerings would have held bitcoin […]