It’s been a big year for cryptocurrency. In particular, bitcoin – the first and best known unregulated, exclusively digital currency – was trading near $6,000 as of late October 2017, with some analysts predicting that in the future, prices will peak somewhere north of $10,000....
Billionaire investor and Saudi Arabian prince Alwaleed bin Talal dismissed Bitcoin on Monday (Oct. 23), saying on CNBC’s “Squawk Box” that he expects the value of the unregulated cryptocurrency to “implode.” The Saudi prince heads Kingdom Holding, a conglomerate based in Saudi Arabia with investments...
Bitcoin surged beyond $6,000 in trading late last week, setting a new record for the cryptocurrency. Citing the CoinDesk Bitcoin Price Index, a Forbes news report said that bitcoin hit as high as $6,003.81 in value on Friday, gaining more than 500 percent so far...
Russia is making a big move in the digital currency market, announcing that it will soon be offering its own cryptocurrency. According to UK’s Express, the cryptocurrency – dubbed the CryptoRuble – will launch in a few weeks. Once it does, all other cryptocurrencies will...
JPMorgan’s CEO Jamie Dimon is at it again – he’s slamming bitcoin, the popular digital currency, just weeks after receiving flack for calling it a fraud. During an Institute of International Finance conference late last week, Dimon was asked a question about bitcoin and responded...
JPMorgan chief executive officer Jamie Dimon’s recent comments that Bitcoin is a “fraud” have prompted outrage by one cryptocurrency startup. The firm is using Dimon’s words in a full-page advertisement running in the Wall Street Journal. According to a report by CNBC, Eidoo, the Switzerland...
While many believe that millennials are shifting their focus away from stocks to bitcoin and other investments, the co-founder of popular stock trading app Robinhood isn’t as convinced. “I wouldn’t say that we’re anticipating a massive shift from stocks to cryptocurrencies,” Robinhood co-founder Vlad Tenev...
The extradition of a Russian man accused of laundering billions of dollars in Bitcoin is being made possible thanks to a Greek Supreme Court ruling. According to a report in Reuters, Alexander Vinnik, the accused mastermind behind a $4 billion Bitcoin laundering network, is among...
While Swiss financial watchdog FINMA announced it is investigating a number of initial coin offerings (ICOs) for possible breaches of Swiss law, South Korea has decided to ban the crowdfunding method altogether. According to news from Reuters, the Swiss investigation is the second crackdown in less...
