Posts Tagged: bitcoin

Taiwan Follows Japan’s Bitcoin-Friendly Move, Avoids Outright Ban

Bitcoin

In a positive move for the cryptocurrency market, Taiwan has announced that it won’t be banning digital currencies like bitcoin. News of what Taiwan intends to do avoids the harsher steps taken by China and, more recently, South Korea. Instead, Taiwan is copying the move by Japan by embracing the digital currency market. The news… Read more »

UBS: European Banks Interested in Cryptocurrencies, but Not Bitcoin

Cryptocurrencies

European banks are interested in cryptocurrencies like bitcoin, but they don’t believe the currency is likely to become accepted, according to the chairman of UBS. The head of the Swiss global financial services said that bitcoin’s use to banks is limited. This was due to its volatility and lack of control over its supply. Speaking… Read more »

Novogratz: Cryptocurrency Market Will be ‘Largest Bubble of Our Lifetimes’

Cryptocurrency

A former hedge fund manager at Fortress Investment Group is, reportedly, looking to create a $500 million hedge fund focusing on cryptocurrency and blockchain. Mike Novogratz, the former manager at Fortress Investment Group, is investing $150 million of his own money. An additional $350 million is expected to be raised by January, 2018, through outside… Read more »

ViaBTC to Launch Bitcoin Exchange Overseas in Light of Beijing Ban

ViaBTC

Chinese bitcoin exchange ViaBTC has announced that it will be launching an overseas platform after Chinese authorities cracked down on digital currency exchanges in the country. On September 25, ViaBTC is expected to suspend its domestic services to customers. As a result, it has urged current investors to withdraw their assets before closing. At a… Read more »

Dimon Faces Market Abuse Report After Bitcoin Fraud Comments

Bitcoin

A market abuse report has been filed against JPMorgan’s CEO after ‘spreading false and misleading information’ about bitcoin. The report in question was filed by London-based Blockswater, an algorithmic liquidity provider. It was filed with the Swedish Financial Supervisory Authority against JPMorgan and its CEO Jamie Dimon. According to Blockswater, Dimon violated Article 12 of the European… Read more »

South Africa’s 2nd Largest Grocer Won’t Accept Bitcoin without Regulation

Bitcoin

It was believed that South Africa’s second-largest supermarket chain, Pick n Pay, would start accepting bitcoin in one of its stores. However, a fresh report indicates that that is not the case. On the 18th September, payments software development firm Electrum made the announcement. It said that it had enabled Pick n Pay to accept… Read more »

UK Watchdog Warns Bitcoin Investors Could Lose Their ‘Entire Stake’

Bitcoin

The U.K.’s financial regulator has issued a warning to bitcoin traders over the frenzy created by initial coin offerings (ICO), some of which are being promoted by celebrities such as Paris Hilton and boxing champion Floyd Mayweather. The Financial Conduct Authority (FCA) has said that traders investing in ICOs should be prepared to lose all of… Read more »

Howard Marks Has a Change of Heart Over Bitcoin, Sees it As a Currency

Bitcoin

Billionaire bitcoin critic Howard Marks has reviewed his opinion on bitcoin, admitting it could be a legitimate currency. At the end of July, the founder of Oaktree Capital Management wrote a 22-page memo to clients stating that digital currencies aren’t real. His position on them couldn’t be questioned. This was because he firmly stated they… Read more »

Coinbase Sees Rise in the Number of Complaints from Customers

Coinbase

Coinbase is witnessing a rise in the number of customer complaints as investors get excited about the rise of bitcoin’s price. Founded in June 2012, Coinbase has become a leading digital currency wallet that is supported in 32 countries. The San Francisco-based exchange has 9.8 million users and 32.8 million wallets. Since its founding it… Read more »

Criminals Drop Bitcoin in Favour of Other Cryptocurrencies for Anonymity

Cryptocurrencies

Criminals are dropping bitcoin in favour of other cryptocurrencies in a bid to achieve greater anonymity for their criminal activities. That’s according to the co-founder and president of Blockchain Intelligence Group. He estimates that the number of illegal transactions involving bitcoin fell from half the total volume to around 20 percent last year. In an interview with… Read more »