Reuters. By Jonathan Stempel NEW YORK (Reuters) – U.S. prosecutors filed criminal charges on Thursday accusing four founders and executives of BitMEX, one of the world’s largest cryptocurrency derivatives exchanges, of evading rules designed to stop money laundering. The Justice Department charged Arthur Hayes, Samuel Reed and Benjamin Delo,Read More →
A new survey of about 800 institutional investors in the U.S. and Europe shows strong cryptocurrency adoption, particularly bitcoin. About 80% of institutions said they find cryptocurrency appealing, and 60% believe cryptocurrencies have a place in their portfolios. Crypto Appeals to 80% of Institutions Surveyed Fidelity Digital Assets, the cryptocurrencyRead More →
Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way. “This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator. A ‘head-fake’ trade happensRead More →
Switzerland’s financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering a range of crypto services. Maerki Baumann Launches Cryptocurrency Trading DeskRead More →
China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and ethereum are properties protected by law. Inherited Cryptocurrencies Protected byRead More →
A novel cryptocurrency project called PornVisory plans to reward its users with tokens for watching porn on its platform. PornVisory’s founder, Veronica Noschese, explained to Cointelegraph that there’s a natural synergy between the cryptocurrency and pornography industry, which desperately needs anonymous financial systems. As examples, Noschese pointed to PayPal banning PornhubRead More →
As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies for bitcoin, gold, and inflation. Goldman Sachs’ Bitcoin Call forRead More →
“If products and services like these are left improperly regulated and without sufficient oversight, they could pose systemic risks that endanger U.S. and global financial stability.” That’s what a group of Democrats on the House Financial Services Committee said to Facebook Inc. on Tuesday, in a letter asking the techRead More →
If at first you don’t succeed, just create your own central bank. Stephen Moore failed in his bid to join the Federal Reserve board, but the controversial conservative economic adviser will reportedly soon be playing a key role at a new “central bank” for cryptocurrencies. Fox Business reported late MondayRead More →
Happy Tuesday MarketWatchers. Don’t miss these top stories: Facebook’s cryptocurrency Libra may be a red line some people will refuse to cross Some social-media users regard Mark Zuckerberg’s financial-services ambitions with skepticism. This father paid $400,000 to get his child into Georgetown, but his son said he didn’t know —Read More →
Facebook is getting into crypto. The biggest social network on the planet said Tuesday it’s launching a cryptocurrency-based payments system called Libra. Unlike Bitcoin BTC, -3.42% it will be tied to the value of real-world currencies. A new subsidiary called Calibra that will offer the digital wallet for the Libra.Read More →
Reports that Facebook Inc. is about to roll out a cryptocurrency as soon as next week have helped bitcoin to notch its best weekly trading period in about three weeks. Bitcoin futures for June delivery BTCM19, +2.29% trading on the CME Group Inc. CME, +0.18% on Friday settled at $8,440,Read More →
© Reuters. FILE PHOTO: A man walks past an electric board showing exchange rates of various cryptocurrencies at Bithumb cryptocurrencies exchange in Seoul By Alun John and Anna Irrera HONG KONG (Reuters) – Several cryptocurrency exchanges have moved closer to mainstream markets by buying listed companies, looking to raise fundsRead More →
