Bitcoin News 21 September 2017 – Bitcoin Enterprise Regulation A Must

Bitcoin today and the news continues as more countries start to work on regulation for Bitcoin Enterprises. Malaysia’s central bank is planning to draft cryptocurrency regulations by the end of this year, yet another proactive country added to the growing list. It is now reported that the Chinese authorities may be moving toward a broad clampdown on Bitcoin, including peer-to-peer (P2P) exchanges and over-the-counter (OTC) trading platforms. All this activity is often seen as negative vs positive by some, yet regulation of Bitcoin Enterprises gives legitimacy to the market –…

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Bitcoin News 20 September 2017 – Bitcoin OTC Volumes Rocket in China

Bitcoin today with the news that the latest pressure on cryptocurrency in China is pushing investors to find other ways to invest and trade, namely over the counter – (OTC). September so far has brought a ban on ICO’s and Bitcoin Exchange closures in China as well as talk of China banning some IP addresses. Will mining in China be affected – most of the global bitcoin volume is mined within the Chinese borders.             Other news headlines:-   5 Big Bitcoin Crashes: What We…

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Bitcoin News 18 Sept 2017 – Bitcoin Strong after Dimon Controversy and China Crackdown

The Bitcoin News Today with the Bitcoin price in recovery mode and heading towards $4000. After the controversial comments from JP Morgan’s Jamie Dimon stating Bitcoin is a fraud, it didn’t take long for Bitcoiners to sniff out some controversy regarding JP Morgan themselves. It is reported that they have been caught “red-handed” purchasing roughly 3Million Euro worth of XBT shares, otherwise known as exchange-traded-notes, that track the price of Bitcoin. The Public records of Nordnet trading logs, the two associated firms JP Morgan Securities Ltd., and Morgan Stanley bought…

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Bitcoin News 13 September 2017 – Bitcoin and Altcoin Prices in Free Fall

Bitcoin News today as we watch the cryptocurrency prices dropping amidst rumors of China shutting down exchanges once again – Bitcoin trading in the spotlight. BitKan, an over-the-counter (OTC) trading service for cryptocurrencies in China has suspended its OTC operations as regulators exert pressure.   Not only is pressure coming from China, the CEO of JP Morgan, Jamie Dimon continued to slate Bitcoin by declaring it a “fraud” and saying he would fire any trader known to be trading the cryptocurrency.   What are your opinions of this statement? Add…

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Bitcoin News 8 September 2017 – Bitcoin Price Soars again as ICO Dust Settles

Bitcoin News today with the Bitcoin price looking strong and soaring past $4600 after losing around $1000 in just three days on the back of the ICO news. Ethereum continues the side ways move and the total coin market cap is over $160 Billion. It can be said that this week was the week of the ICO. China has banned all ICO’s which has caused some ICO refunds and exchanges delisting ICO tokens – a long list of ICO’s are now under investigation. This has been a shake up long…

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Bitcoin News 6 September 2017 – Cryptocurrency Prices Bounce Back amidst ICO clamp down.

Bitcoin News today highlighting cryptocurrency price bounce back after a slump earlier this week due to the news that China has officially outlawed ICO’s. Most ICO’s are created on the Ethereum Network and other platforms – could the move in price for top cryptocurrencies be attributed to speculators and investors moving away from ICO’s? Exchanges have started the refund process.   Top 10 Crypto’s on coinmarketcap.com all showing gains in the past 24 hours.     Adding to the ICO discussion, the Hong Kong financial regulator, the Securities and Futures…

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Bitcoin News 5 September 2017 – ICO’s Officially Outlawed in China

Bitcoin News Today with the leading story on the ICO clamp down recently and the latest move to officially outlaw ICO’s. As reported by Coindesk, “In a joint statement issued by seven financial regulators today, the world’s most populous nation outlined why it believes that nascent fundraising mechanism is illegal under the domestic law. Authorities backing the statement include the People’s Bank of China, the Central Network Office, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission.   A translation…

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Who is Buying Bitcoin?

The Bitcoin price and value continue to rise and this week has seen Bitcoin drive past the $5000 level, a new all time high. Interesting to note that Japan leads the current 24-hour ranking. #1 Japanese Yen – 54.54% #2 U.S. Dollar – 26.64% #3 Chinese Yuan – 8.23% #4 South Korean Won – 6.11% #5 Euro – 3.01%   In 2016, reporting showed that most of the trading was coming from China, however, since the People’s Bank of China imposed strict regulations on the crypto exchanges in the country, the percentage…

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Bitcoin News 1 September 2017 – Cryptocurrency Market Cap Heading for $200Billion

Bitcoin News today and the Bitcoin price has reached an all time high of over $4800 – are we going to see a $5000 level soon? At the time of publishing, the Cryptocurrency Market Cap was $174,052,229,992 comprising of 866 Currencies / 230 Assets and trading in 5411 Markets – source coinmarketcap.com. The Ethereum price has taken off in the past week as it nears $400 with Dash prices following suit.   Altcoins are contributing significantly to the rise in market cap as the graph below shows.       Other news…

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Bitcoin News 29 August 2017 – SEC Clamping Down on ICO’s

Bitcoin News today leads with the news that The U.S. Securities and Exchange Commission (SEC) issued a warning about companies making Initial Coin Offering (ICO) claims, market manipulation as well as “pump and dump” schemes. The number of ICO’s has rapidly escalated during 2017 and this has piqued the interest of regulators from China to the USA.       In other News Headlines:-   Saxo Bank – A Denmark-based multi-asset and trading institution just added exchange-traded notes for Bitcoin. The bank recently stated they are allowing clients to gain…

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