Why Can’t Turkey Stop Its Economic Nose-Dive?

September 8, 2018

Turkey’s economic outlook has deteriorated so much better that bankers and merchants are starting to talk about the need for an International Monetary Fund rescue — a taboo topic until very recently. Some even worry that President Recep Tayyip Erdogan will enforce capital controls as a last-ditch effort to avoid conjuring interest rates and stop a money plunge. Since democratic elections in June rendered Erdogan expanded restraint over its national…


Bitcoin Jumps Back Above $6,000 to Give Respite to Investors

July 23, 2018

The weekend is offering some reprieve for Bitcoin investors. The bellwether of the cryptocurrency world-wide rose 8 percent to $6,338.22 as of five: 30 p.m. in New York on Saturday, according to Bitstamp rates. The gain, which comes after the digital asset gate-crashed through the $6,000 threshold last week for the first time since February, signifies the token has still lost about two-thirds of its appreciate since reaching a record…


Cryptocurrencies Fall as Korean Exchange Says $32 Million of Coins Stolen

July 11, 2018

Cryptocurrencies declined after the second South Korean exchange in as many weeks said it was the main victims of a crime, refreshing frights about the safety of digital-asset trading venues. Bithumb, ranked seventh in the world by traded appreciate on Coinmarketcap.com, said here on Wednesday that about 35 billion won ($ 32 million) merit of coins were stolen. The exchange said it will compensate victims, adding that it has halted…


This Billionaire Has Put Half His Net Worth Into Gold

May 30, 2018

Egypt’s Sawiris has put half his entire net worth into gold He’s been waiting 10 years for North Korea stakes to pay off meeting with North Korean Leader Kim Jong Un: Don’t bully him, and promise succes in return for concessions on nuclear. A successful meeting between Kim and South Korean President Moon Jae-In last week cleared the space for Trump to meet with the Northern korean commander to discuss…


Bitcoin Falls on Fears of Regulatory Trouble for Big Crypto Exchange

March 26, 2018

Japan’s FSA alerts Binance for operating without a licence Biggest cryptocurrency fell 4.5% after news firstly reported told Bloomberg in January that it was working to acquire a license in Japan, but the threat could complicate those efforts. Zhao said on Thursday that stock exchanges is” engaged in constructive talk” with the FSA. While Binance was founded in Hong Kong last year, Zhao has said that his company does not…


Self-Proclaimed Bitcoin Inventor Accused of Swindling $5 Billion of Cryptocurrency

March 21, 2018

Craig Wright, the self-proclaimed inventor of bitcoin, accuses of swindling more than$ five billion worth of the cryptocurrency and other resources from the property of a computer-security expert. Wright, who claimed in 2016 that he established the computer-based currency for the purposes of the pseudonym Satoshi Nakamoto, allegedly schemed to use phony contracts and signatures to lay claim to bitcoins mined by peer Dave Kleiman, another cryptocurrency adherent, who died…


Bitcoin’s Plunge in Volume Stirs Questions About Its Usage

March 12, 2018

Earlier this year, when Bitcoin’s price fell by more than 60 percent from its evidence open, a less-noticed Bitcoin figure also immersed: the number of daily transactions. There are many explanations for the fall-off in trading, from software- to news-related. What’s less understood is why the level hasn’t recovered as Bitcoin’s price made a 50 percentage comeback since Feb. 5. That’s left some investors wondering whether the cryptocurrency is diminishing…


U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether

March 3, 2018

U.S. regulators are scrutinizing one of the world’s largest cryptocurrency exchanges as inquiries mount over a digital token linked to its backers. The U.S. Commodity Future Trading Commission mailed subpoenas on Dec. 6 to virtual-currency venue Bitfinex and Tether, a company that issues a widely traded coin and assertions it’s pegged to the dollar, according to a person familiar with the matter, who requested not to be identified discussing private…


Where Did WikiLeaks $25 Million Bitcoin Fortune Go?

January 4, 2018

Everyone from early investors to cybercriminals has benefited from the huge spike in the value of bitcoin in the past few weeks. It’s a boon for one other outfit that can probably be racked up tens of millions of dollars‘ worth of the cryptocurrency: WikiLeaks. The transparency organization may be sitting on a stockpile of bitcoin evaluated at around $25 million, and has likely exchanged several other major cryptocurrency caches…


Bitcoin Billionaire Winklevoss Sees Surge of as Much as 20 Fold

January 3, 2018

Cameron Winklevoss, thought to be one of the largest owners of bitcoin, envisages the cryptocurrency’s futures contracts on Sunday, attaining it easier to stake against the digital currency’s rally in recent months, is stirring some fanatics nervous — but not Winklevoss. He’s one of the far-famed 36 -year-old twins who played an early role in Click here to read about bitcoin’s volatility disconcerting futures traders . Winklevoss can point to…


Bitcoin Lost Almost 20% of Its Value This Week

December 30, 2017

Bitcoin faced one of its biggest experiments this week, forgetting nearly 20 percent of its appreciate after the world’s largest cryptocurrency reached a record high Monday. The digital money plunged as much as 30 percentage on Friday, before paring losses, as this week’s selloff extended to a fourth period. The weekly slump is the biggest in almost three years. Other cryptocurrencies also tumbled: ethereum declined as much as 36 percentage…


Bitcoin Crashes and Then Surges in Wild Weekend Action

November 29, 2017

Bitcoin is proving that investing in digital currencies isn’t for the swooning of heart. After plunging as much as 29 percentage from a record high-pitched following the cancellation of a technology upgrade on Nov. 8, the most significant cryptocurrency came roaring back in early trading Monday before fluctuating between gains and losses. ” Crypto trading is not for the novice investor ,” said John Spallanzani, chief macro strategist at GFI…


MasterCard has filed a patent on its own blockchain-based money transfer solution

November 25, 2017

In about 2014, most bitcoin corporations rapidly pivoted to the “next big-hearted thing”: blockchain. Among them were the financial and fintech mansions “thats been” eager to eschew SEC scrutiny of their cryptocurrency keeps but were happy to use blockchain technology to speed up transaction times. Many of those early exertions are now apparently bearing fruit. MasterCard, for example, has just filed a patent for a “Method and System For Instantaneous…


Coin offerings using celebrity glitter may not be golden, SEC warns

November 12, 2017

The Security and Exchange Commission has issued a stern admonish to the luminaries, athletes and social media starrings pitching investment opportunities in virtual currencies. A slew of media stars — including the massively popular musician DJ Khaled, the boxer Floyd Mayweather and socialite Paris Hilton — have hitched their starrings to various virtual monies, giving their social media outreach and luster to is planned that have seemed less than golden….


Bitcoin Surges Past $7,000 to Extend Record Rally

November 11, 2017

Bitcoin surged past $7,000 for the first time, breaching another milestone less than one month after it tore through the $5,000 mark. The digital currency $100 billion. ” It is simply remarkable how resilient bitcoin has been in the face of substantial negativity ,” said Lukman Otunuga, a research psychoanalyst at ForexTime, in a Nov. 1 mention to patrons.” The rate act been shown that bulls have a very firm…


Bitcoin Pioneer Says New Coin to Work on Many Blockchains

November 3, 2017

Jeff Garzik, one of a handful of key developers who helped build the underlying software for bitcoin that is known as blockchain, has determined its shortcomings firsthand. So he decided to create a better digital currency. He’s calling it Metronome and says it will be the first that can jump-start between different blockchains. For instance, coins that are used for applications on the Ethereum blockchain will be able to move…


Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

October 19, 2017

Fidelity Investments, one of the world’s largest investment firm with $2.3 trillion in managed resources, is taking a long look at cryptocurrencies. The firm has been experimenting internally with bitcoin, but is now delivering some of those features out to its broad-spectrum customer base. According to reports in Quartz and The Financial Times , Fidelity’s chief executive, Abigail Johnson, spoke at length about the company’s commitment to cryptocurrency at Consensus,…


Chinas three largest bitcoin exchanges will all stop offering local trading

October 2, 2017

Well, that didn’t take long. Yesterday, China’s longest running bitcoin exchange, BTC China, announced it will hang its neighbourhood trading service at the end of this month, and today the country’s two other major exchanges — Huobi and OKCoin — followed suit to say they will cease at the end of October. The writing was on the wall when The Wall Street Journal reported under Monday that the Chinese government…


Bitcoin breaks $3,000 to reach new all-time high

August 24, 2017

Bitcoin has reached a record high its evaluation of $3,000 per coin to accomplish a rollercoaster week that start with the long-awaited separate of the cryptocurrency. A number of exchanges, including popular destinationsCoinbase and Kraken, valued a single bitcoin at over $3,000, an all-time high-pitched that is up $485 on these evaluations one month ago. Earlier this year, Bitcoin surged to surpass $2,000 for the first time in May going…