Goldman Sachs interrogates clients about bitcoin’s price trajectory, sign of growing interest
Businessam Staff
December 7, 2017
Goldman Sachs asked clients their views on bitcoin’s likely price trajectory, yet another sign of growing interest in cryptocurrency from mainstream finance. Goldman Sachs’ market “strat” team within the securities division sends a monthly poll to clients to gauge their thinking on a variety of investment issues. The December “Quickpoll” includes the question: “Where do […]
Bitcoin up $12,000 as futures move closer to reality
Businessam StaffDecember 6, 2017
Bitcoin surpassed $12,000 for the first time amid speculation that the widespread use of futures will help lead to digital currencies being viewed as a legitimate asset class for mainstream investors. The largest cryptocurrency by market value has soared from less than $1,000 at the start of the year as optimism climbs for the distributed […]
Japan now has 15 licensed cryptocurrency exchanges
Businessam StaffDecember 4, 2017
It is always good to see more cryptocurrency exchanges open their doors. In Japan, that process is not as simple as it seems. Every exchange needs explicit approval and a license from the Japanese Financial Services Agency. So far, several companies successfully received their license already. Four new exchanges have now undergone the same process […]
Georgia now has over 100 bitcoin ATMs as cryptocurrency interest surges
Businessam StaffDecember 4, 2017
As Bitcoin prices fluctuate near record highs and adoption picks up, the world’s largest Bitcoin ATM provider is bringing its largest installation to date to Georgia. Coinsource has placed 18 of its Bitcoin ATMs in Atlanta and these, along with two in Athens, add 20 new units to Georgia’s current Bitcoin ATM network. Coinsource leadership […]
Bitcoin ought to be outlawed, says Joseph Stiglitz
Businessam StaffDecember 1, 2017
Joseph E. Stiglitz, Nobel Prize for Economics and Professor, School of International and Public Affairs (SIPA), Columbia University, has condemned Bitcoin as “successful only because of its potential for circumvention [and] lack of oversight,” and has called for it to be banned. In a Bloomberg Television interview, he said the cryptocurrency doesn’t serve “any socially […]
Cryptocurrencies will make central banks lose control, says Europe’s longest-serving bank chief
Businessam StaffNovember 30, 2017
Andreas Treichl, the 65-year-old chief executive officer of Austria’s biggest lender, Erste Group Bank AG, says that his kids think he’s “really stupid” when it comes to cryptocurrencies. “They think they could have made a lot of money and I didn’t allow them to invest in it,” Treichl said in an interview with Bloomberg Television. […]
Turkey approaches cryptocurrency from religious angle as Bitcoin soars above $10,000
Businessam StaffNovember 29, 2017
Turkish authorities have declared that Bitcoin is not accordant with Islam and has warned its citizens against buying the world’s most popular cryptocurrency. Turkey’s Directorate of Religious Affairs, known as Diyanet, said that the cryptocurrency is widely used for nefarious and illegal activities, and is not sufficiently regulated, making it far more volatile than other […]
Bitcoin nears $10,000 during Black Friday weekend’s shopping frenzy
Businessam StaffNovember 27, 2017
Bitcoin has hit a new high during the Black Friday weekend, surging past the $9,500 level for the very first time. Bitcoin has hit a new all-time high of $9,724 on Sunday and was last seen at $9,674.90, up 3.97% on the day, according to Kitco’s aggregated charts. “The move appears to be retail driven,” CNBC […]
South Africa’s Swissquote Bank launches ETP that switches between bitcoin, dollars
Businessam StaffNovember 23, 2017
Swissquote Bank SA upped its cryptocurrency game with the release of an exchange-traded product that will attempt to curb volatility by switching holdings between bitcoin and dollars. According to Bloomberg’s report, the Switzerland-based online trader called its offering the first actively managed bitcoin certificate. Funds will be shifted between the digital currency and cash based […]
Bitcoin, Ethereum price dives after $30m Tether hack revealed
Businessam StaffNovember 21, 2017
Bitcoin took a plunge after an exchange revealed it was hacked and $30m stolen. More than $400 was wiped from the value of the cryptocurrency which dropped five percent overnight after Tether, an exchange where cryptocurrencies are pegged to traditional currencies, said it had discovered the security flaw and theft. The price has recovered somewhat […]