The former CEO of bitcoin exchange Mt. Gox is now facing a decade jail term, as prosecutors claim he transferred millions of clients’ funds to his personal account.
Bitcoin is down more than 80% from its all-time high, dragging most major cryptocurrencies with it, including the likes of Ethereum and Ripple’s XRP. Despite this, Novogratz remains confident that Bitcoin will make a comeback
South Korea’s lawmakers, high-ranking government officials, and major exchanges meet officially for the first time. The crypto debate is considered a success with several major outcomes.
In order to improve the commission’s understanding of Ethereum and its underlying technology, the CFTC has announced its intention to publish a respective Request for Information (RFI) with the Federal Register.
Crypto exchange platform Gemini has finally introduced its mobile app that will facilitate crypto trading for users of Android and iOS devices.
Bitmain’s Israeli Development Center shuts down with the firm’s China-based IPO approaching. The current bear market is somewhat to be blamed for the drastic decision.
Data from CoinMarketCap showed that Bitcoin’s share of the whole cryptocurrency market hit an 11-week high last week. At current values, bitcoin has a total market capitalization of $61.7 billion.
Jay Clayton said that ICOs should willingly follow securities laws which ensure higher protection of customers’ funds while eliminating fraud and manipulation.
Bitcoin recovered yesterday after a 30% decline over the course of the last week. It had seen substantial growth in value in 2017 but suffered a 14-month decline after repeated cases wherein large exchanges were hacked.
A member of the British Parliament has voiced an idea to allow UK residents to pay their local taxes and utility bills using Bitcoin.
With a view to make the crypto space more user-friendly, CoinSwitch helps to convert 400+ currencies across 45,000 pairings within one service.
WCX, a trading platform which lets people access the global financial markets using just Bitcoin, allows its users go long or short on more than 100 markets, with all profits and losses paid out in Bitcoin.
China has banned all Security Token Offerings and all activities linked to them. The government wants to regulate the new tokens before legalizing them to eliminate cases of fraud.
A breakout below the support level of $3,094 will further decline in Bitcoin price towards $2,261 – $1,500 price level. Traders can remain flat as long the consolidation continues.
On December 10, South Korea’s National Assembly along with several members of the Congress will have the first official debate in this country about crypto involving high profile government officials.