Tagged: bitcoin

June 18, 2018 @ 3:17 pm By Cali Haan  |  

In an atmospheric piece filed 2700km from Shanghai and 3000 miles above sea level, Nikkei Asian Review reporter Yusho Cho describes a 7000 computer-strong mining operation quietly thrumming out Bitcoins in the remote western plateau region of Qinghai. Local authorities, says Cho, are fine with… Read More

June 18, 2018 @ 2:44 pm By Samantha Hurst  |  

On Monday, payments platform Square announced it has secured a virtual currency license from the New York State Department of Financial Services office. The company reported it is fully launched with the ability to buy and sell bitcoin through its mobile Cash app earlier this year… Read More

June 18, 2018 @ 7:59 am By JD Alois  |  

  A report in the FT is pointing to the fact that cryptocurrency / blockchain hedge fund returns have dropped dramatically in recent month as volatile markets impacted the price of Bitcoin and other alt coins. Bitcoin began the year trading far higher. On January… Read More

June 16, 2018 @ 11:39 am By Cali Haan  |  

In regular commodities markets, futures are understood to help stabilize prices to consumers. Not so with Bitcoin, says the Head of Research at “independent research boutique” Fundstrat. Tom Le, a former Chief Equity Strategist at JP Morgan, has floated a possible correlation between a fall in… Read More

June 15, 2018 @ 7:30 am By Cali Haan  |  

For several weeks, the CEO of Ripple, Brad Garlinghouse, has been publicly calling out Bitcoin. The Ripple vs. Bitcoin rivalry goes all the way back to 2012, when Ripple’s founders developed the company’s services specifically to service the banks and cross-border remittance firms Bitcoin was… Read More

June 14, 2018 @ 3:56 pm By Cali Haan  |  

The three biggest agencies relied upon to assess the credit-worthiness of banks and investment products -Standard & Poor’s, Moody’s and Fitch- have indicated they may downgrade scores of institutions that clear Bitcoin futures contracts or have exposure to the clearing of them, Risk.net reports. Last… Read More

June 14, 2018 @ 10:49 am By JD Alois  |  

In a speech delivered by the President of BAFIN Felix Hufeld, Germany’s Federal Financial Supervisory Authority, addressed the topic of blockchain, Bitcoin and cryptocurrency in general. According to BAFIN’s President, blockchain is a very promising technology. But when it comes to crypto, well not so… Read More

June 13, 2018 @ 11:29 am By Cali Haan  |  

A finance professor at the University of Texas experienced in fraud detection has alleged that a focussed campaign to inflate the price of Bitcoin and other cryptocurrencies occurred on the Bitfinex exchange last year, the New York Times reports. Professor John Griffin and grad student… Read More

June 12, 2018 @ 10:50 pm By Cali Haan  |  

A LocalBitcoins seller, known as “Bitcoin Maven,” who plead guilty to running an unregistered money transmission business and laundering drug money for Bitcoin, had her sentencing postponed yesterday at a federal court in LA. As part of a pre-indictment plea agreement, Theresa Tetley, 50, pleaded… Read More

June 10, 2018 @ 6:31 pm By Cali Haan  |  

As part of a probe examining possible manipulation in Bitcoin markets, the regulator responsible for overseeing futures and commodity trading in the US has subpoenaed four American cryptocurrency exchanges to produce volumes of trade data, WSJ reported Friday June 8th. Top cryptocurrencies have since turned red as this… Read More

June 9, 2018 @ 2:38 pm By JD Alois  |  

Online lender Unchained Capital has closed on a $2.995 million seed round, including a $595k SAFE. Investors included, Michael Komaransky, Brian Spaly, Mike W. Erwin and Whurley of Ecliptic Capital, and Ezra Galston of Starting Line. In addition to making investments this round, Komaransky, Erwin and Galston… Read More

June 4, 2018 @ 6:47 am By Shaswat K. Das and Richard S. Garabedian  |  

Over the past few years, continued advancements in the payments industry and financial services technology have significantly expanded the way money financial transactions are processed and managed.  Banks and payment and technology firms are accelerating efforts to innovate and adapt financial services alternatives to meet… Read More

June 3, 2018 @ 2:14 pm By Cali Haan  |  

The Blockchain company, one of the few startups to survive Bitcoin’s early days while maintaining its founding ethics, saw downloads of its mobile and desktop wallet surpass the 25 million mark this week. The Blockchain wallet app now boasts more users than TD Ameritrade (11… Read More

June 2, 2018 @ 11:17 am By Cali Haan  |  

In a recent conversation with Brazilian nationals, including a bank manager and an accountant, I was told that Bitcoin is “not popular” in Brazil. That may be about to change. Brazilian site Portal do Bitcoin have reported that representatives from the third largest cryptocurrency exchange… Read More

June 1, 2018 @ 8:26 am By Clayton Moore  |  

When Overstock (NASDAQ:OSTK) became the first major retailer to accept Bitcoin for payment in 2014, the move raised eyebrows. Four years later, cryptocurrencies still struggle with being seen as “fake” money, exacerbated by boom and bust headlines and regulatory uncertainty. The fastest path to legitimacy?… Read More

May 31, 2018 @ 2:56 pm By Cali Haan  |  

Venezuelan customs officials have been blocking imports of cryptocurrency mining equipment arriving in the country by land and by sea since April, Noticiero Digital and El Interes reports. GPU and ASIC rigs, related cards and processors, power packs and even mobile phones are reportedly being swept… Read More

May 31, 2018 @ 8:11 am By JD Alois  |  

Hut 8 Mining Corp. (TSXV:HUT) (OTCQX:HUTMF) has been qualified to trade on OTC Markets  OTCQX. The cryptocurrency miner says it provides a way for investors to participate in Bitcoin minus the complexity. On March 8, 2018, Hut 8 began trading on the TSX Venture Exchange under… Read More

May 27, 2018 @ 6:00 pm By Cali Haan  |  

In April, a policy advisor in Fintech working at the Federal Reserve Bank of San Francisco took a stab at establishing the value of a Bitcoin. His conclusion?  Bitcoin is overpriced, informed investors are likely taking profits now and we may be about to enter… Read More

May 24, 2018 @ 12:28 pm By Cali Haan  |  

Spectacular spoofing and wash-trading practices largely regarded as par-for-the-course among veteran crypto traders are coming under the scrutiny of the US Department of Justice and its partner, the Commodity Futures Trading Commission, Bloomberg reports. This investigation is said to be particularly focussed on crypto wash… Read More

May 24, 2018 @ 12:00 pm By Samantha Hurst  |  

Caspian, the full-stack crypto trading, portfolio and risk management platform for institutional and sophisticated investors, announced on Thursday it has formed a partnership with BitMEX (Bitcoin Mercantile Exchange) a bitcoin peer-to-peer trading platform, in order to further support and facilitate institutional investment’s move into crypto… Read More