The largest cryptocurrency bitcoin surged to $20,000 in December. Its rapid growth was due to common folk deciding to invest in the hope of making a quick buck. It was a time for professional investors to sell. “Many people behind bitcoin and cryptocurrencies as a whole understand that the...
Cryptocurrency crash ripples through Tokyo stocks Nikkei Asian Review Full coverage
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Following an already rough month for bitcoin, three U.S. virtual currency operators have been charged with fraud by the United States Commodity Futures Trading Commission (CFTC). The CFTC alleges that CabbageTech, Entrepreneurs Headquarters Ltd., and one unnamed bitcoin operator have engaged in...
Bitcoin is the entry point for those who are unaware of what cryptocurrency is but just heard of its growth and great earning potential for traders and investors. By the next stage, when a person is already familiar with the concept of cryptocurrency and is ready to open up …
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Thomson Reuters Bitcoin is everywhere. The cryptocurrency is seemingly in the news every day as investors and businesses try to understand the future of this digital finance. But what is Bitcoin all about? Why is it suddenly on every financial news program? And what does it mean to you? Find …...
Tim Akinbo, Co-Founder Tanjalo The 6 months I have spent trading cryptocurrencies have been a roller coaster ride. Cryptocurrencies are a 24/7 market easily swayed by the smallest of news items – a coin being listed on a new exchange, or yet another country clamping down on trading. The most...
The Indian government does not like bitcoins, but unlike its Chinese counterpart, it is in no hurry to clamp down heavily on virtual currencies. Once home to the world’s largest community of bitcoin traders, China is now reportedly considering blocking access to local and offshore platforms that...
Bitcoin will likely “totally collapse,” Nobel Prize-winning economist Robert Shiller has told CNBC, adding that it reminds him of “tulip mania” centuries ago in the Netherlands. The Yale University professor said there are “bubbles everywhere,” not just in bitcoin, and added that he “doesn’t...
Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. The price of the …
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Bitcoin’s turbulent history IBTimes US Notorious North Korean hacking outfit Lazarus Group was behind cyberattacks that targeted South Korean cryptocurrency exchanges and users towards the end of 2017, security researchers have found. Believed to be linked to the Pyongyang regime, Lazarus has...
The entire world is stunned by the dramatic changes in the values of cryptocurrencies. In 2017, we have seen many cryptocurrencies touching all time high values. Bitcoin tops the list with Ethereum and Ripple as the followers. The overall market cap of all the …
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One of the hot issues being discussed everywhere is the cryptocurrency trading. It is the trade that has brought a dramatic revolution in the financial activities across the world. The soaring prices of various cryptocurrencies attracted many investors and financial institutions across the globe...
While most of the world’s institutional investors watched from the sidelines as cryptocurrencies surged last year, a small group of hedge fund managers piled in. Call them visionaries or just plain lucky, but boy did they hit the jackpot. The nine cryptocurrency hedge funds tracked by...
So what’s it like being one of the bitcoin millionaires? A New York Times article published over the weekend aims to give a sense of what it’s like for the long-time believers in cryptocurrencies who have become the …
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Hackers steal $400 000 from online cryptocurrency wallets. On Saturday 13 January 2018, an unknown hacker (or hackers) managed to take over the DNS server for BlackWallet.co, a web-based wallet application used for the Stellar Lumen cryptocurrency (XLM), and stole $400,000 from users’ accounts...
Reuters/Kim Kyung Hoon Ripple, the company behind cryptocurrency XRP, is setting its sights on Asia. Asheesh Birla, VP of product for Ripple, told Business Insider that banks on the continent are more open to innovation than US-based firms. The company is speeding up plans for XRapid, a product...
The Kentucky Fried Chicken franchise in Canada (not to be confused with all KFC branches, sorry Silicon Valley) is running a bitcoin-fueled marketing campaign: The Bitcoin Bucket. People can now buy a bucket of fried chicken with bitcoin. For a limited time, KFC Canada has a bitcoin price...
Experts woo potential investors, governments warn By Dayo Adesulu With Bitcoin’s capitalization of $268 billion, experts say the revolution of the cryptocurrency market has changed the narrative of investment globally, as it successfully displaced Coca-Cola with a capitalisation of $195 billion...
Reuters/Fabrizio Bensch Sweden’s central bank, the Riksbank, could become the first to introduce its own cryptocurrency. Cash usage in the Scandinavian nation is dropping rapidly, making Sweden a prime candidate for an "official" cryptocurrency. The introduction of the e-krona could come within...
Bank Indonesia is taking a firm stance against cryptocurrencies as it urges all parties to refrain from owning, selling or trading the tokens. “Owning virtual currencies is very risky and inherently speculative,” the central bank said in a statement Saturday. The digital tokens “are prone to...
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