The bouncing ball that is the price of bitcoin took a downward turn this week as South Korean regulators are eying options that would shutdown many of the nation’s very active cryptocurrency exchanges. South Korean interest has been among the engines driving the price of...
After suffering from a steep sell-off in trading late last week, cryptocurrency bitcoin was able to recoup some of its losses, trading above $16,100 on Tuesday (Dec. 26). According to news from CNBC, in morning trading, bitcoin jumped more than 12.5 percent to more than $16,100;...
Bitcoin plunged briefly below $11,000 on Friday, down 47 percent from a record high at the start of the week. CNBC reported that while bitcoin hit a record high above $19,800 on Sunday, and was trading near $15,500 for much of Thursday, an afternoon selloff...
Despite the current bitcoin boom, the nation’s new Comptroller of the Currency doesn’t believe the cryptocurrency poses a threat to the country’s banking system. According to news from Reuters, the marketplace is watching to see how Joseph Otting, who was sworn in last month, will address...
Amid rising interest and investment in digital currencies like bitcoin, some countries are issuing new warnings about the volatility involved in cryptocurrency trade. In today’s bitcoin roundup, regulatory bodies in the U.S. have suspended a bitcoin-focused company following questionable business practices, Singapore is advising “extreme...
Bitcoin’s value isn’t the only thing topping the charts: New data by BitInfoCharts shows that people are currently paying $28 on average to make transactions using the digital currency. CNBC reported that users of cryptocurrency exchanges, such as Coinbase, incur such transaction fees when transferring...
Youbit, which operated as a cryptocurrency exchange in South Korea, announced news on Tuesday that it would file for bankruptcy following a hack that stole 17 percent of the company’s crypto “assets.” The Telegraph reported this morning, via a statement signed by “all employees” at the...
One of the hottest cryptocurrency investments of 2017, a startup called block.one, has raised $700 million selling a digital token that has “no purpose.” According to The Wall Street Journal, this is the largest initial coin offering to date, with block.one’s market value now at around...
Bitcoin futures were down on the CME’s new exchange according to reports in The Wall Street Journal. Futures for January came in at $19,100 in trading yesterday (Monday) — a 2.1 percent drop on the CME-set opening price. Futures initially picked up — spiking to $20,650 —...
