Petro Discount: Venezuela is Luring Qatar to Invest in State Cryptocurrency

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A delegation of officials from Venezuela’s government is reportedly pitching the country’s upcoming cryptocurrency petro in Qatar in an attempt to gain the latter as an early investor. Citing source with knowledge of the diplomatic meetings, Bloomberg is reporting that a group of Venezuelan officials led by ‘crypto superintendent’ Carlos Vargas is currently in Qatar,

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South Korean Officials Initiated Insider Trading, Bought Bitcoin Before Trading Ban Fiasco

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According to Choi Heung Sik, the director of South Korea’s Financial Supervisory Service (FSC), the country’s integrated financial regulator that examines and supervises financial institutions, several officials and employees of the FSC sold bitcoin immediately before the premature statement on a possible cryptocurrency trading ban was released by Justice Minister Park Sang-ki. Insider Trading Probe

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Bitcoin Will Be Back Up, Market Sell-Off an Overreaction: BitPay Executive

The post Bitcoin Will Be Back Up, Market Sell-Off an Overreaction: BitPay Executive appeared first on CCN

According to BitPay chief commercial officer, Sonny Singh, whenever Bitcoin’s price surges high or drops low, the situation is blown out of proportion. “You know every time there’s good news or bad news, the market tends to overreact. And now we are seeing an overreaction of the downward side”, Singh said in an interview with

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Bitcoin Price Roller Coaster Makes Ransomware Cybercriminals Queasy

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Bitcoin has done what regulators haven’t been able to accomplish — getting cybercriminals to lay off of cryptocurrencies as the ransom payment du jour in malware attacks. Bitcoin’s price swings over the past few days — from below $10,000 24 hours ago to more than $11,500 today — have stoked emotions ranging from fear of a

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Soaring Bitcoin Price Leads $159 Billion Crypto Market Recovery

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Well, somebody bought the dip. Just as critics were rushing to proclaim that the bitcoin bubble had burst, the markets staged a $159 billion recovery. The rally was headlined by the bitcoin price, which rebounded from its sub-$10,000 fling and is currently flirting with $12,000. Several other top-tier coins, meanwhile, returned single day increases in

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Portugal Consumer Watchdog Scolds Bank for Blocking Bitcoin-Related Transactions

The post Portugal Consumer Watchdog Scolds Bank for Blocking Bitcoin-Related Transactions appeared first on CCN

Shortly after revealing a proposal to tax bitcoin investors to make it fair on traditional investors who have to deal with the government taking one-third of their earnings, Portuguese consumer watchdog DECO has stressed that the country’s banks have “no known legal basis” to block bitcoin-related transactions. As CCN recently reported, the Portuguese branch of

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First Bitcoin Futures Contract Settles at $10,900 and the Bears Won Round #1

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Bears 1. Bulls 0. That’s the score following the settlement of CBOE’s January bitcoin futures contracts, which closed on Wednesday at $10,900 following a steep correction in the spot markets. First Bitcoin Futures Contract Settles at $10,900 as Bears Win Round One CBOE had listed these contracts on Dec. 10, making them the first bitcoin

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NYSE Owner Will Launch Cryptocurrency Data Feed for Institutional Clients

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The owner of the New York Stock Exchange (NYSE) has announced that it will launch a Cryptocurrency Data Feed to provide institutional clients with real-time market information from cryptocurrency exchanges located throughout the world. NYSE Owner to Launch Cryptocurrency Data Feed for Institutional Clients Intercontinental Exchange (ICE) — best known as the operator of the

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Psst! Morgan Stanley is Helping Clients With Bitcoin Futures Contracts

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Morgan Stanley, the world’s fourth-largest investment bank, has been quietly clearing bitcoin futures contracts for clients amid a wider remit to engage cryptocurrencies even further. Morgan Stanley has become the second major Wall Street mainstay to offer bitcoin futures contracts for clients, after Goldman Sachs began offering the service last month. Speaking to Bloomberg, Morgan

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Cryptocurrency Market Recovers as Bitcoin, Ethereum, et al. Spike 20%

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After experiencing a 2-day slump during which the price of most cryptocurrencies including bitcoin, Ethereum, Ripple, and Bitcoin Cash declined significantly, the cryptocurrency market has started to recover. Major Cryptocurrencies Surge in Value Cryptocurrencies in the top 20 rankings of the global cryptocurrency market have recorded large gains over the past few hours. Ripple in

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