Bitcoin, other virtual currencies sink further as Google bans crypto, ICO ads in June
Businessam Staff
March 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 […]
Bill Gates condemns bitcoin, others, says they are cause of deaths ‘in a fairly direct way’
Businessam StaffMarch 1, 2018
Bill Gates, Microsoft co-founder is no fan of cryptocurrencies, which he says have become a vehicle for crime, and in some cases can result in people’s deaths. During a Reddit Ask Me Anything (AMA) session on Tuesday, Gates said the anonymity of the web means cryptocurrencies can mask money transactions. “I don’t think this is a good […]
Bitcoin tumbles below $10,000 as Bank of America warns of crypto risks
Businessam StaffFebruary 23, 2018
Bitcoin, the world’s number 1 cryptocurrency fell below $10,000 after nearly reaching $12,000. According to Coindesk, it reached $9,604.84 as of 06:00 am (GMT) following a report by the Bank of America that cryptocurrency could represent a substantial threat to its business in its annual filing with the SEC. A global investment craze over bitcoin and […]
Bitcoin, others price drop as British politicians discuss cryptocurrency laws
Businessam StaffFebruary 22, 2018
The price of Bitcoin and all the other major cryptocurrencies is on the slide Thursday following a brief recovery earlier in the week. Bitcoin is sitting at just under $10,500 after sliding dramatically from a high of almost $12,000 on Tuesday, while ethereum and liteCoin slump by roughly 5 percent in the same period as ripple […]