In a First, US Department of Treasury Adds Crypto Addresses To SDN List

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has added two crypto addresses to the Specially Designated Nationals (SDN) list. The addresses belong to two Iranians who are accused of helping exchange bitcoin into Iranian rial on behalf of hackers conducting a ransomware scheme. The scheme conspired to take over networks of institutions, such as hospitals and universities, and demanded payment … Continue reading In a First, US Department of Treasury Adds Crypto Addresses To SDN List

Crypto Exchange Huobi Launches Derivatives Marketplace

Trading in cryptocurrency spot markets may have cooled off but the market for bitcoin derivatives is heating up. Investment management firm VanEck announced a partnership with Nasdaq for a “regulated crypto 2.0 futures type contract” product at the Coindesk Consensus Invest event yesterday. Singapore-based digital asset exchange Huobi today announced its foray into derivatives with the beta launch of Huobi Digital Marketplace (HBDM). Joshua Goodbody, General … Continue reading Crypto Exchange Huobi Launches Derivatives Marketplace

SEC Chair Clayton: Safeguards Don’t Exist in Digital Currency Markets

SEC Chairman Jay Clayton relayed a mixed message to the crypto community during a conversation with Glenn Hutchins, founder of private equity firm Silver Lake Partners at the Coindesk Consensus Invest conference yesterday. Speaking in a personal capacity, Clayton praised blockchain – bitcoin’s underlying technology – and said that the technology had “incredible promise” for infrastructure in financial markets, beyond securities. But he also expressed … Continue reading SEC Chair Clayton: Safeguards Don’t Exist in Digital Currency Markets

More Turmoil For Bitcoin Price

After crashing by more than 13% in a couple of hours last Friday, bitcoin price collapsed below the $5,000 price mark, testing the edges of a further bottom in its price. As of this writing, it is changing hands at $4,908.93, down 12% from its price 24 hours ago. The latest slide in bitcoin’s price means that it is now down by 63.4% from its … Continue reading More Turmoil For Bitcoin Price

Education Is Number One Problem For Bitcoin: Rolf Haag From BitPay

“If you are in fintech, you need to be paying attention to this space,” says Rolf Haag, who recently joined BitPay, a bitcoin payments company, as its head of business solutions. Having previously worked at Western Union and PayPal, Haag has extensive experience in fintech and describes his new assignment as “ground zero” for cryptocurrency adoption. “I am seeing how ancient small businesses are indeed … Continue reading Education Is Number One Problem For Bitcoin: Rolf Haag From BitPay

Bitcoin Price And Crypto Markets Continue Plunge

And they all fall down. Bitcoin price, which tumbled to its lowest price for this year yesterday, fell further this morning and the cryptocurrency’s valuation crashed to below $100 billion for the first time since the end of October last year. Cryptocurrency markets fell in tandem with bitcoin price. As of this writing, they are valued at $184 billion. The last time their valuation hit … Continue reading Bitcoin Price And Crypto Markets Continue Plunge

Bitcoin Price Crashes To Lowest This Year

Just when traders were complaining that bitcoin price had become boring, the cryptocurrency crashed by 13% in less than five hours this morning. The crash marked a sudden change of course for bitcoin price, which had mostly stayed constant within the $6200 price range during the last week or so. Bitcoin’s volatility had reached record lows in the last couple of months, much to the … Continue reading Bitcoin Price Crashes To Lowest This Year

Should You Trade Bitcoin Through An IRA Account?

Bitcoin IRAs were among the earliest financial instruments to incorporate bitcoins. But they have received a mixed reception since introduction. Proponents point to the tax benefits of trading using an IRA. Bitcoin trades typically incur a capital gains tax because the IRS has classified the cryptocurrency as real estate. Using a self-directed or Roth IRA, you can defer tax on such trades until a full … Continue reading Should You Trade Bitcoin Through An IRA Account?

Why Are Crypto Prices High? New Research Says Shorting Capability Is Key

The rally in cryptocurrency prices in the last three years has been as incredible as it has been mysterious. Without an established framework for valuation, forecasts for cryptocurrency prices have become anyone’s game. Rookies and experts have pontificated about and forecast future cryptocurrency prices. But none has proven correct. A recently-released paper by a researcher at a business school in Australia has an explanation for … Continue reading Why Are Crypto Prices High? New Research Says Shorting Capability Is Key

Is Bitcoin Price Headed For A Rally Soon?

After an incredible rally in its prices last year, bitcoin has slumped for most of this year amid growing criticism of its unsustainable valuation and limited capabilities. The original cryptocurrency crashed to a decline of more than 70% from its price at the beginning of this year. But a turnaround in its price may be in the works and bitcoin may be revving up for … Continue reading Is Bitcoin Price Headed For A Rally Soon?

Former PayPal And Western Union Executive Joins Bitcoin Payments Processor BitPay

Atlanta-based payments firm BitPay has hired former PayPal and Western Union executive Rolf Haag as Head of Business solutions. Haag’s job will be to beef up the company’s business in the small business space. Haag has extensive experience in the payments space, including in developing solutions for SMEs. More recently, his managerial positions have involved integrating financial technology into legacy systems at companies. His former … Continue reading Former PayPal And Western Union Executive Joins Bitcoin Payments Processor BitPay