Bitcoin

Bitcoin
Swiss Regulators Investigate ICOs; South Korea Bans Them
September 29, 2017

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...

Bitcoin
The Beginning Of The End For Bitcoin?
September 15, 2017

Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. 31. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year,...

Bitcoin
BTCChina Announces It’s Closing Its China Bitcoin Exchange
September 15, 2017

Cryptocurrency was under pressure Thursday (Sept. 14) after Chinese Bitcoin exchange BTCChina announced it would stop all trading as of Sept. 30. According to a report in Reuters, a few hours after BTCChina said it was shutting its exchange, Chinese news outlet Yicai said all Bitcoin exchanges will be...

Bitcoin
Dubai Financial Services Authority The Latest To Warn Against ICOs
September 14, 2017

The Dubai Financial Services Authority (DFSA) warned investors on Wednesday (Sept. 13) that initial coin offerings (ICOs) are complex and risky, joining a growing list of governments to do so. In a statement on its website, the DFSA said ICOs and the systems and technology that support them are...

Bitcoin
China’s Internet Finance Association Urges Members Not To Trade Cryptocurrency
September 14, 2017

The Internet Finance Association of China urged members Wednesday (Sept. 13) to avoid trading virtual currency or providing services that have to do with cryptocurrency trading. According to a report in Reuters, the trade group issued the warning because of what it called financial and...

Bitcoin
JPMorgan’s Dimon Calls Bitcoin A Fraud
September 13, 2017

Bitcoin can add another naysayer to its list: JPMorgan Chase & Co. chief executive Jamie Dimon. According to a report in Reuters, Dimon recently stated during an investor conference in New York that Bitcoin “is a fraud” and predicted the cryptocurrency would implode. “The currency isn’t going...

Bitcoin
North Korean Hackers Target Bitcoin
September 12, 2017

North Korean hackers are increasing their attacks on cryptocurrency exchanges to try to secure bitcoin and other cryptocurrencies. Bloomberg Technology reported that the country’s hackers have hit cryptocurrency exchanges in South Korea and related sites, and also breached an English-language bitcoin news website and collected...

Bitcoin
Cryptocurrency Transactions Could Surpass $1 Trillion This Year
September 06, 2017

The value of cryptocurrency transactions is forecast to surpass $1 trillion this year, which is 15 times the level reached in 2016. That’s according to a new study from Juniper Research called The Future of Blockchain: Key Vertical Opportunities & Deployment Strategies 2017-2022. In a...

Bitcoin
Bitcoin Cash Creates New Tax Headache For Investors
August 28, 2017

Bitcoin Cash, the result of a recent split off of the digital currency, gave bitcoin owners an equal amount of Bitcoin Cash and Bitcoin, creating a new tax headache at a time when the Internal Revenue Service is providing little guidance. According to a report...