Bitcoin Futures Manipulation: How it Works and How to Reduce It

The markets were euphoric. The community was cheer-leading the imminent launch of Bitcoin futures first on the CBOE and then on the CME. Bitcoin reached its all time high. They saw this as an indication that institutional investors were just around the corner and that Bitcoin was about to “moon.” Fast forward to today and the The post Bitcoin Futures Manipulation: How it Works and How to Reduce It appeared first on CCN

Read More

VanEck Responds to SEC’s Bitcoin ETF Concerns In New Letter

Money management firm VanEck has responded to the SEC’s concerns over bitcoin exchange-traded funds (bitcoin ETF) in a letter to the regulator made public on the agency’s website. Addressed to Dalia Blass, director of the SEC’s division of investment management, the letter tackles the five points of order from the SEC’s previous communication with the … Continued The post VanEck Responds to SEC’s Bitcoin ETF Concerns In New Letter appeared first on CCN

Read More

331 Japanese Cryptocurrency Investors Made at Least $1 Million in Profit Last Year: Tax Agency

Mainstream media outlets in South Korea and Japan JoongAng and Nikkei have reported that the National Tax Agency (NTA) of Japan is fully aware that 331 investors in the Japanese cryptocurrency sector recorded a profit of $1 million through trading, generating more than $331 million in total. Chasing Cryptocurrency Taxes By the end of 2017, The post 331 Japanese Cryptocurrency Investors Made at Least $1 Million in Profit Last Year: Tax Agency appeared first on CCN

Read More

Former Barclays Trader Moves to Japanese Crypto Exchange, No Future in Traditional Finance

Daisuke Murayama, a former Barclays trader, told Bloomberg that he took a pay cut to move from the European banking giant to Japanese cryptocurrency exchange BitFlyer. “I just didn’t see a future in traditional finance,” said Murayama, emphasizing that most of the services and products provided by traditional financial institutions are outdated and likely to The post Former Barclays Trader Moves to Japanese Crypto Exchange, No Future in Traditional Finance appeared first on CCN

Read More

Bitcoin at $9,900, What’s Next For Bitcoin Price After $10,000?

The bitcoin price is less than $100 away from surpassing $10,000 after demonstrating a strong week of momentum and volume. In Hong Kong and South Korea, the bitcoin price has already reached $10,000. What’s Next After $10,000? For many months prior to November 2017, the $10,000 threshold was considered an important psychological support level for The post Bitcoin at $9,900, What’s Next For Bitcoin Price After $10,000? appeared first on CCN

Read More

Trading Giant Virtu Financial Will Make Markets in ‘Physical Bitcoin’ Once It’s More Regulated

High-frequency trading firm Virtu Financial plans to become a major market maker in the cryptocurrency spot markets once the asset class becomes more regulated, the firm said on Friday. Virtu CEO Douglas Cifu made this revelation during a question-and-answer session at the end of the company’s first-quarter earnings call. Responding to a question from a The post Trading Giant Virtu Financial Will Make Markets in ‘Physical Bitcoin’ Once It’s More Regulated appeared first on CCN

Read More

Bitcoin Price Rises to $9,200 as Cryptocurrency Market Reaches $417 Billion

The bitcoin price has surged to $9,200 over the past 24 hours by recording an increase of around $400. It successfully maintained its momentum in the $9,000 region, which investors perceive as an important level that could lead the bitcoin price to enter the $10,000 in the short-term. Alternative Cryptocurrencies Steal the Show Alternative cryptocurrencies, The post Bitcoin Price Rises to $9,200 as Cryptocurrency Market Reaches $417 Billion appeared first on CCN

Read More

Retailer Adoption of Bitcoin is Growing in the US and Canada, Despite Price Fall

Earlier this week, leading US electronics retailer Newegg expanded its bitcoin integration to its platform in Canada, allowing millions of customers based in Canada to pay for products with bitcoin. Increasing Retailer Adoption Newegg CEO Danny Lee emphasized that the value of bitcoin has skyrocketed since 2014, when the company first integrated bitcoin, and noted The post Retailer Adoption of Bitcoin is Growing in the US and Canada, Despite Price Fall appeared first on CCN

Read More