Posts in category

Cryptocurrency


XRP, the world’s third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday. At 00:01 UTC, just after Monday’s close, the cryptocurrency dropped to $0.27 cents for the first time since December 12, 2017, according to CoinDesk price data. XRP was last seen trading at $0.2705, marking roughly a 2.95 percent decline since …

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Bitcoin’s price rose above $6,500 Thursday, offering some respite for the badly battered bulls. The world’s largest cryptocurrency by market capitalization had fallen to $6,138 Wednesday at 16:00 UTC – its lowest level in 26 days, according to Bitfinex data. Yet, bitcoin’s price was last seen at $6,500, up 5 percent from its most recent low. …

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Thailand’s new licensing rule that governs initial coin offerings (ICOs) has gained interests from companies setting out to offer token sales and exchange services just weeks after the rule went into effect, official said. In a news report from Bangkok Post on Thursday, Rapee Sucharitakul, the secretary-general of the Thailand Securities and Exchange Commission (SEC), …

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The price of XRP, the world’s third-largest cryptocurrency by market capitalization, fell to a new 2018 low on Wednesday. Data from Bitfinex shows the cryptocurrency dropped to $0.35 – seven cents from the previous yearly low of $0.42 in July. Indeed the current price stands at its lowest level since December 12, 2017, days before …

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The U.S. Securities and Exchange Commission (SEC) has delayed a decision on a proposed bitcoin ETF, pushing its final determination ahead by more than a month. In an order published on August 7, officials at the agency wrote that they were giving themselves more time to deliberate on whether to approve what would be the …

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Investment bank UBS thinks bitcoin is neither money nor a viable asset class – not yet at least. The Switzerland-based company’s assessment was featured in a research report on the world’s largest crypto by market capitalization, which was circulated to clients and released on Thursday. Published by UBS strategists, the report concludes that bitcoin “falls …

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Bitcoin bears may be in the midst of taking an upper-hand. At press time, BTC is changing hands at $7,536 on Bitfinex, down 6.9 percent on the day, a figure that also finds the price breaking a key support level at $7,800. The world’s largest cryptocurrency by market capitalization has been largely confined to a narrow price …

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July 26 might be forever remembered as one of the darkest days in Facebook’s history – or, at the very least, for its shareholders. An otherwise unassuming Thursday, the day saw the social media giant lose more than $120 billion in market value, the biggest loss in one day for any U.S. traded company. According …

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A new Congressional bill would update the mandate of the Financial Crimes Enforcement Network (FinCEN) to include a specific focus on cryptocurrencies. The FinCEN Improvement Act (H.R. 6411), filed jointly by U.S. Congressmen Ed Perlmutter (D-CO) and Steve Pearce (R-NM) on July 18, directs FinCEN to look into how cryptocurrencies might be used in terrorism …

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One of the oldest and most popular social networking platforms in China is launching its own crypto token in an apparent bid to boost declining user activity. Tianya Club, an internet forum founded in 1999, announced on Wednesday it will launch the blockchain-based Tianyan Token (TYT) on Aug. 8 as a way to reward original …

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G20 member countries are now looking at an October deadline for reviewing a global anti-money laundering (AML) standard on cryptocurrency, document shows. According to a statement issued on Sunday, finance ministers and central bank governors of the G20 member countries hosted a meeting during the weekend and reiterated their position on “vigilant” monitoring over cryptocurrency. …

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Payments giant Mastercard suffered a severe outage last week that led to a hold-up in transactions. As reported on July 12 by the Financial Times, it had a global impact, sparking a round of complaints from the payment firm’s customer base. As might be expected, those affected quickly took to social media to voice their frustration …

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In the span of a few hours, it became Crypto Twitter vs U.S. Representative Brad Sherman. On Wednesday, Congress hosted a pair of back-to-back hearings on the topic of cryptocurrencies (read CoinDesk’s coverage here and here), which notably saw Rep. Sherman – no stranger to controversy among crypto circles – call for a blanket ban …

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A U.S. lawmaker has called for a blanket ban on cryptocurrency buying. Congressman Brad Sherman is no stranger to controversial statements on the subject – back in March he called cryptocurrencies “a crock” – and during the Wednesday hearing of a subcommittee for the House of Representatives Financial Services Committee, he went so far as to …

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Jerome Powell, chairman of the U.S. Federal Reserve, had some harsh words for cryptocurrencies during an appearance before the U.S. Congress. Speaking to the House Financial Services Committee, the head of U.S. central bank said Wednesday that cryptocurrencies have no “intrinsic value” and presented severe risks to investors, as CNBC reported. Part of his concerns …

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The notoriously difficult Chartered Financial Analyst (CFA) Program exams are about to get that much tougher. Dubbed “the most brutal exam in the world of finance” by Business Insider, the three-part test covering several different areas of finance – all with a heavy focus on ethics – is about to add topics on cryptocurrencies and …

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A group of Russian military intelligence officers indicted Friday as part of an ongoing investigation into Russian interference in the 2016 U.S. presidential election allegedly used bitcoin to fund their operations. In the just-released indictment, prosecutors assert that the 12 named intelligence officers hacked computer networks and email accounts owned and used by the U.S. Democratic Party, …

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An Australian retail bank has revised its contract terms to prohibit borrowers from using loans such as mortgages to purchase cryptocurrency. According a report from Australia Finance Review on Thursday, Bank of Queensland, which is publicly traded on Australia’s stock exchange and one of the country’s oldest retail banks, has confirmed the change of the loan agreements, which …

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“The analysis shows that the concept of a digital currency is a fallacy.” Using digital currencies synonymously with the term cryptocurrencies, a paper published by the Bank of Finland and written by one of its advisors argues that cryptocurrencies aren’t real forms of money. According to Aleksi Grym, the central bank’s digitalization advisor, cryptocurrencies are …

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Torrent website The Pirate Bay is doubling down on its plan to use visitors’ processing power to mine crypto. In a disclaimer recently added to the bottom of its homepage, the website said that “by entering TPB you agree to [monero] being mined using your CPU. If you don’t agree please leave now or install an …

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