Mandela’s golden hands goes for $10m, in bitcoin
Businessam Staff
March 31, 2018
After more than a decade, a businessman in Canada has finally found a buyer for his prized collection of gold castings of former South African president Nelson Mandela’s hand. The final price? Ten million dollars – in bitcoin. Attempts by Malcolm Duncan, formerly of South Africa, to sell the hands back in 2007 were scuppered […]
Regulation, apathy hit bitcoin market
Businessam StaffMarch 30, 2018
Wild fluctuations in the bitcoin market have once again sparked debate among investors who believe it is merely undergoing a “correction” and those who see it as a costly fad. After a buying fever at the end of 2017 that sent the price of a token to nearly $20,000 and a spectacular fall at the […]
Bitcoin fall continues amid concern of ‘death cross’ sell-off
Businessam StaffMarch 30, 2018
Bitcoin and other virtual currencies declined Friday amid increased concern of a “death cross,” in a thinly traded holiday. Bitcoin was trading at $6,945.00, dipping 7.83% as of 10:56 GMT the Bitfinex exchange, not far from its overnight low of $6,692.20 The decline in Bitcoin was driven by talk of a so-called “death cross,” which […]
Bitcoin, other virtual currencies sink further as Google bans crypto, ICO ads in June
Businessam StaffMarch 14, 2018
Google said Wednesday morning that it will ban adverts for cryptocurrencies, initial coin offerings (ICO) and “other speculative financial instruments,” starting in June, as part of a wider effort to protect consumers from scams hidden behind rapidly growing high-risk financial products. Cryptocurrencies such as bitcoin and ICOs — a crowdfunding mechanism using digital currencies — […]
Cryptocurrencies rebound as bitcoin returns toward $10,000
Businessam StaffMarch 12, 2018
Crypto prices traded sharply higher on Monday, as Bitcoin climbed back towards the $10,000 mark after sliding 18% last week. Bitcoin was trading at $9,483.1 by 3:45 GMT on the Bitfinex exchange, jumped 10.7% over the previous 24 hours. Ethereum, the world’s second largest cryptocurrency by market cap, surged 5.8% at $719.99 on the Bitfinex […]
Cryptocurrencies fall after South Korea ban on government trading
Businessam StaffMarch 6, 2018
Bitcoin slumped on Tuesday amid regulatory concerns, as South Korea issued a ban on cryptocurrencies. Bitcoin was trading at $10,927, down 5.13% as of 12:59 GMT on the Bitfinex after hitting an overnight high of $11,642. Bitcoin has struggled to stay above $11,000 since it hit a two-month low of $6,000 in early February. South […]
UAE banks ban trading in bitcoin, others
Businessam StaffMarch 5, 2018
Foreign banks operating in the UAE have been banned from trading or purchasing virtual currency including Bitcoin and Ethereum, according to Coin Market Cap, a website which mainly deals with information on digital currency prices. The banks have notified their customers and employees not to use the banks cards to purchase any form of digital […]
Bitcoin rises near $11,000 amid BOE’s call for cryptocurrency regulation
Businessam StaffMarch 2, 2018
Bitcoin wavered near $11,000 on Friday, as Mark Carney, Bank of England Governor warned cryptocurrencies were failing as a form of money and needed to be regulated. Bitcoin was trading at $10,872 up 0.45% as of 14:11 GMT on the Bitfinex exchange after hitting an overnight high of $11,151. Bitcoin has struggled to stay above $11,000 […]
Digital currencies failing as money, but technology has promise-Carney
Businessam StaffMarch 2, 2018
Mark Carney, Bank of England governor said Friday that cryptocurrencies such as Bitcoin are failing as a form of money and have shown clear signs of being a financial bubble, but their technology could improve the financial system in future, Carney joined a chorus of concern among global policymakers over the rise of digital currencies, saying […]
Bitcoin edges lower as US financial regulator launches cryptocurrency market probe
Businessam StaffMarch 1, 2018
Bitcoin slipped about 2 percent following a report that the US Securities and Exchange Commission (SEC) is investigating the digital currencies market. The virtual currency then clawed back some losses to trade at $10,654 as of 9:25am GMT. People familiar with the matter said that as part of the SEC’s investigation, the regulatory agency has […]