RTT - Currency Markets
Crypto News Update
Wed, 17 Jan 2018 14:55:33 GMT
The bloodbath in the cryptocurrency market extended into Wednesday with severe declines in both prices and market capitalization. Going with the flow, the BitConnect coin tanked more than 90 percent as the company said it's shutting down its platform and cryptocurrency exchange. Amid all the gloom, two ETFs, which are focused on investing in global companies involved in blockchain innovation are set to hit the market on Wednesday.
Two Blockchain ETFs Are Hitting The Market
Wed, 17 Jan 2018 13:41:25 GMT
The investing world will be presented with two new products on Wednesday that try to cash in on the blockchain technology that underlies Bitcoin.
T. Boone Pickens Finds Cryptocurrencies A Real Turnoff
Wed, 17 Jan 2018 12:13:04 GMT
American oil tycoon and financier T. Boone Pickens is not at all enthusiastic about cryptocurrencies. The reason is the term itself. "At 89, anything with the word "crypt" in it is a real turnoff for me," the 89-year old famed Texas corporate raider said on Tuesday, in a reply to a question on his Twitter account.
Bitcoin Extends Sharp Slide On Regulation Worries
Wed, 17 Jan 2018 10:22:18 GMT
Bitcoin and other major cryptocurrencies extended their sharp fall from Tuesday into Wednesday morning on prevailing concerns of South Korea and China, the two leading crypto markets, planning severe crackdown on the digital currency market.
Telegram To Establish Its Own Cryptocurrency Through $1.2 Bln ICO
Tue, 16 Jan 2018 13:39:01 GMT
Private messaging app Telegram is planning a $1.2-billion Initial Coin Offering or ICO. The messaging app, with more than one hundred and seventy million monthly users, a
Crypto News Update
Mon, 15 Jan 2018 13:57:50 GMT
South Korean authorities have slightly eased their stance against cryptocurrencies as recent comments from the government suggested that a proposed ban on digital currency exchanges is not likely in the near future. The Singapore central bank chief was positive regarding the future for blockchain, but less enthusiastic about cryptocurrencies. Despite the meteoric rise in their value, asset managers continue to avoid cryptocurrencies and the Indonesia central bank also issued a warning against virtual currencies.
Indonesia Central Bank Warns Against Virtual Currencies
Mon, 15 Jan 2018 13:11:27 GMT
Indonesia's central bank issued a warning against cryptocurrencies on Saturday, saying they were highly risky, and joining its counterparts in other countries in raising concern over the excessive price surge in the unregulated digital currency market.
Singapore MAS Chief Hopes Crypto Tech Will Survive Crash
Mon, 15 Jan 2018 10:37:43 GMT
Ravi Menon, who is the chief of the Singapore's de facto central bank, expressed hope on Monday that technologies underpinning cryptocurrencies and the blockchain would survive a crash in the former, news agency Reuters reported.
Crypto News Update
Fri, 12 Jan 2018 14:58:19 GMT
Cryptocurrency prices have rebounded after the fears of a severe crackdown by South Korean authorities waned as comment's from the country's finance minister suggested that the proposal to ban digital currency exchanges need more consultations and would take lot of time to materialize. Meanwhile, a deal between the blockchain-based payment processing network Ripple and MoneyGram propped up XRP.
Ripple Jumps On News Of MoneyGram Tie-up
Fri, 12 Jan 2018 12:55:05 GMT
US money transfer giant MoneyGram struck a deal with the blockchain-based payment settlement company Ripple to pilot the latter's native currency XRP in MoneyGram payment flows. The price of XRP, popularly known as Ripple, surged as much as 15 percent on the news on Thursday, when most major currencies were down due to fears of a severe crackdown by South Korean authorities.
South Korea Cools Talk Of Cryptocurrency Trading Ban
Fri, 12 Jan 2018 10:19:14 GMT
South Korea's finance minister on Friday sought to calm the cryptocurrency market after an announcement a day ago that the country's justice ministry was planning a ban on crypto exchanges, sending prices of digital currencies such as Bitcoin sharply lower.
Crypto News Update
Thu, 11 Jan 2018 14:54:23 GMT
Bitcoin price plummeted as much as 14 percent as South Korean justice ministry is planning laws to ban trading in cryptocurrencies. Adding to the gloom, billionaire investor Warren Buffett warns that cryptocurrencies are set to have a bad ending.
Sizzling Crypto Market Invites Regulators' Attention
Thu, 11 Jan 2018 14:11:36 GMT
Runaway trends in the price of cryptocurrencies have brought them under the regulators' scanner in several countries, clouding the outlook for what was touted as the next big thing after Internet. South Korea and China, which are among the most active markets for cryptocurrencies, are leading the list of countries that are initiating crackdown measures.
Warren Buffett Certain That Cryptocurrencies Set For Bad Ending
Thu, 11 Jan 2018 08:30:34 GMT
Billionaire investor Warren Buffett has warned that cryptocurrencies are set to have a bad ending and he would not bet any money on them. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," Buffett, who is the chairman and CEO of Berkshire Hathaway, said in an interview to CNBC.
Crypto News Update
Tue, 09 Jan 2018 14:50:34 GMT
Cryptocurrency prices and market capitalization was hurt on Monday after news that South Korean regulators were probing six retail banks that were providing virtual accounts to virtual currency exchanges. The consequent move by leading cryptomarket data provider CoinMarketCap to remove some Korean exchanges from its price calculations, without warning, exacerbated the slide.
JP Morgan's Jamie Dimon Regrets Calling Bitcoin 'A Fraud'
Tue, 09 Jan 2018 14:03:57 GMT
JP Morgan Chase Chairman and CEO Jamie Dimon has backtracked on his earlier comment that Bitcoin is a fraud. During a banking conference in Saudi Arabia in September, Dimon had caused a stir when he called Bitcoin a fraud and said he would fire any JP Morgan trader if they dealt with the most prominent cryptocurrency.
S. Korea Crackdown, Website Exclusion Erase $100 Bln Cryptoasset Market Cap
Tue, 09 Jan 2018 11:42:08 GMT
The "hyper" exuberance of the digital currency market was served a damper on Monday as South Korean authorities announced a crackdown on the retail banks, which were funding cryptocurrency exchanges. Following the news, a leading cryptocurrency market data provider, CoinMarketCap, removed some Korean exchanges from its price calculations, without any warning, causing a sharp slide in prices.
Bank Of Israel Says Virtual Currencies Can Be Financial Asset, Not Currency
Tue, 09 Jan 2018 11:17:52 GMT
Bank of Israel Deputy Governor Nadine Baudot-Trajtenberg said on Monday that cryptocurrencies are not currencies, but can be viewed as a financial asset with its inherent risks. Speaking to the Knesset Finance Committee, Baudot-Trajtenberg said,"Bitcoin and similar virtual currencies are not a currency, and are not considered foreign currency."
The Rise Of Ripple
Fri, 05 Jan 2018 13:57:59 GMT
Riding on the mania that is causing mammoth gains in the price of different digital currencies, Ripple and its native currency XRP has risen to be the second biggest cryptoasset by market capitalization. The XRP coin or Ripple that is based on the Ripple protocol surged more than 35,000 percent in 2017, according to Coinmarketcap data, eclipsing Bitcoin's jump of over 1,300 percent.
Merrill Lynch Says No To Bitcoin
Thu, 04 Jan 2018 11:58:58 GMT
Merrill Lynch has banned its clients and financial advisers from buying bitcoin-related investments due to concerns over the investment standard of the cryptocurrency and related products, reports said Wednesday, citing an internal memo circulated among the firm's brokers and clients.
Peter Thiel's Founders Fund Bets Big On Bitcoin
Wed, 03 Jan 2018 14:25:21 GMT
Peter Thiel, who is Paypal co-founder and an angel investor known for early bets on Facebook and SpaceX, has added bitcoin into his portfolio even as other venture capitalists remain wary of the highly volatile cryptocurrency. Founders Fund, a venture capital firm co-founded by Thiel, bought around $15 million to $20 million bitcoin, the Wall Street Journal reported Tuesday.
India Equates Cryptocurrencies To Ponzi Schemes In Warning
Fri, 29 Dec 2017 14:17:00 GMT
India's finance ministry on Wednesday issued a warning against trading and transacting in crytpocurrencies such as Bitcoin, saying they do not have any intrinsic value and likened them to Ponzi schemes. The virtual currencies, or VCs, are not backed by any kind of assets and the price of Bitcoin and its peers is "entirely a matter of mere speculation", the ministry said in a statement.
The Buzz Around Bitcoin
Sat, 23 Dec 2017 11:23:53 GMT
Bitcoin may be the wonderkid of the financial markets this year, with the price of the cryptocurrency, once dismissed as something reserved for the geeks, cryptography enthusiasts and the darknet, skyrocketing to unprecedented levels, alternating with several nosedives.
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