The president of the European Central Bank, Mario Draghi, said cryptocurrencies in the Eurozone have had a limited impact on the economy. According to a news report in Reuters, citing comments Draghi made to the European Parliament, he said that despite concerns, digital currencies do...
Two top bitcoin rivals are in agreement: Many initial coin offerings (ICO) are fraudulent. According to news from CNBC, both Joseph Lubin, co-founder of Ethereum, and Brad Garlinghouse, CEO of Ripple, have issued warnings about the rise in fraudulent projects that offer little value to investors....
Vontobel, the Swiss bank, is giving investors the ability to bet against cryptocurrency, gearing up to launch two mini futures to short bitcoin. According to a news report in Reuters, citing a term sheet by Vontobel, if the value of bitcoin falls by 10 percent or...
The chief information officer of one of Asia’s largest banks, DBS, has made his bank’s official position on bitcoin known, bluntly. “We see bitcoin as a bit of a ponzi scheme,” David Gledhill, group chief information officer and head of group technology and operations at DBS,...
The bitcoin market has taken a 25 percent tumble over the last few days after briefly touching an all-time high price of $7,900 per unit of bitcoin. A missed software upgrade, uncertainty over the launch of bitcoin futures and concerns about an asset bubble were...
Add Goldman Sachs CEO Lloyd Blankfein to the list of people who aren’t fans of bitcoin. In an interview with CNBC, Blankfein said that “maybe bitcoin is a kind of a bubble,” adding: “I don’t like it. I’m not comfortable with it. I’m kind of...
The market for Nvidia chips — mostly valued among those who mine digital currencies like bitcoin or ethereum — seems to be in a bit of a down cycle these days. The firm’s revenue from crypto-related products is down by more than 50 percent in...
The president and COO of Cboe Global Markets, Chris Concannon, said the major futures exchanges are behind cryptocurrency, and that the company will move forward with launching exchange-traded funds focused on digital currency. Citing comments made during a conference call to discuss third-quarter results, Reuters...
Despite a recent $600 drop in bitcoin, Goldman Sachs believes that the digital currency will hit new records, according to news from CNBC. “The market has shown evidence of an impulsive rally since breaking above 6,044,” Sheba Jafari, vice president on the bank’s FICC Market...
