Search Results for: Mt Gox
Uganda Could Be 1st African Country To Regulate Digital Currencies
December 28th, 2016
Some African countries have openly criticized bitcoin use. Others have taken a wait-and-see approach. Bitcoin has enjoyed a rally in 2016 that’s beaten every major currency, stock index and commodity contract, surging 15 percent during Christmas week alone to more than $900, ...
Japanese insurer to offer coverage for both exchanges and their customers
November 25th, 2016
Mitsui Sumitomo Insurance will launch an insurance product specifically designed to cover losses and damages at bitcoin exchanges. The product, developed with Japanese bitcoin exchange operator bitFlyer, will protect both exchanges and their customers. The total coverage, ranging from ...
New York’s bitcoin hub dreams fade with licensing backlog
October 31st, 2016
New York’s financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopted trailblazing virtual currency rules last year. But the state lost that momentum when the agency’s chief left, putting a licensing ...
Inexperienced Chinese investors are getting stung by fintech scams
September 8th, 2016
China is witnessing a fintech boom. Companies providing electronic payments, cryptocurrency trading and other online financial services there are not only mushrooming, they are among the biggest and most highly rated in the world. The Fintech 100, a ranking ...
Cyber threat grows for bitcoin exchanges
August 29th, 2016
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cyber theft — the second largest by an exchange since hackers took ...
Bitcoin Sinks After Hackers Steal $65 Million From Exchange
August 3rd, 2016
Hong Kong-based Bitfinex halts trading, deposits, withdrawals Digital currency is down almost 20 percent this week Bitcoin plunged after one of the largest exchanges halted trading because hackers stole about $65 million of the digital currency. Bitcoin slumped 5.5 ...
Brexit, banks fueling bitcoin’s resurgence
July 19th, 2016
The bitcoin renaissance seems to be at hand, with investors using the virtual currency to weather turbulent financial markets and banks striking partnerships to explore the system’s underlying technology. Until mid-May, 1 bitcoin fetched on the order of $400 ...
An Everyman’s Guide To Understanding Cryptocurrencies
June 13th, 2016
Cryptocurrencies have a role that could increase as global currencies are devalued. When an asset rises by almost 30% in a few weeks, it tends to attract attention. Recently, that asset was bitcoin (BTC). The price of BTC in ...
Japan approves new regulations for digital currency exchanges
June 1st, 2016
According to latest reports, the Diet in Japan (the legislature that is composed of the Lower and the Upper Houses) has approved a bill on Wednesday to regulate operators of virtual currency exchanges in the country, in order to ...
Arrests And Prosecutions Reveal Big Vagaries In Bitcoin Selling Regulations
May 23rd, 2016
U.S. laws governing bitcoin trading are vague and sometimes lead to complicated law enforcement actions, according to an article in Fast Company magazine. Anti-money laundering laws require exchanges to verify customers’ identities, but what constitutes an exchange can sometimes be unclear. ...
