Bitcoin, the world’s biggest and best-known cryptocurrency, slipped below $60,000 on Tuesday, taking losses from a record high of $69,000 struck on Nov. 10 to more than 12 percent. Bitcoin was down 5 percent at $60,391.3 at 1253 GMT, after earlier falling as much as $58,563, its lowest since Oct. 28, while Ether, the second-biggest…
Bitcoin Slips Below $60,000 for the First Time in More Than Two Weeks
November 16, 2021
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Every Major Financial Institution Will Think About Trading Cryptocurrencies Within Next 3 Years: Former Citigroup CEO
November 9, 2021
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Every major financial institution will be thinking about trading cryptocurrencies within the next few years, according to Vikram Pandit, chairman of The Orogen Group and former chief executive officer of Citigroup Inc. Speaking at the Singapore Fintech Festival event, Pandit told Bloomberg that in “one to three years, every large bank and/or securities firm is going to…
NTD Business Full Broadcast (Oct. 26)
October 26, 2021
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Business groups are urging the White House to hold off with its vaccine mandate—at least until after this holiday season. What are their concerns? Big consumer brands like Unilever and Procter & Gamble are increasing prices, but that’s also because they are confident that you will keep paying for it. One financial regulator says they…
Cryptocurrencies Post Eight Straight Weeks of Inflows: CoinShares Data
NEW YORK—Cryptocurrency products and funds attracted $226.2 million in investments last week, marking their eighth straight week of inflows, a report from digital asset manager CoinShares showed on Tuesday. Over an eight-week run, total crypto product inflows hit $638 million, with a year-to-date total of $6.3 billion. Bitcoin, as expected, led the way, nabbing $225…
JP Morgan CEO Jamie Dimon Calls Bitcoin ‘Worthless,’ Says It Will Be Government Regulated
JP Morgan chairman and CEO Jamie Dimon has branded Bitcoin as “worthless” and said that governments will soon regulate cryptocurrencies. Dimon has been outspoken about digital currencies in the past, previously telling Axios that it has “no intrinsic value” and that regulators are going to “regulate the hell out of it.” At a virtual event hosted by…
Department of Justice to Target Cryptocurrency Websites, Contractors That Fail to Report Cyber Breaches
October 6, 2021
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The Department of Justice is launching two new initiatives aimed at targeting cybercriminals who use cryptocurrency and government contractors who fail to report breaches. The cybersecurity initiative is focused on treating cryptocurrency exchanges more like banks. The exchanges have a responsibility to not help criminals launder money or hide their proceeds, Deputy Attorney General Lisa…
SEC Chief Says the US Won’t Follow China in Banning Cryptocurrencies
October 6, 2021
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Securities and Exchange Commission (SEC) Chair Gary Gensler told Congress on Tuesday that his agency would not follow China’s lead in implementing a ban on cryptocurrencies. Speaking before the United States House of Representatives Committee on Financial Services, Gensler was asked by Rep. Ted Budd (R-N.C.), a supporter of cryptocurrencies, whether the SEC would move to prohibit the…
Trading Apps Move to Get a Live Person to Hear Your Problems
NEW YORK—It’s one of the downsides of apps that make things like ordering food or buying stocks and cryptocurrencies easier: What happens when something goes wrong? It’s often a frustrating chase, tapping through menu after menu in hopes of reaching a person to fix the problem. It’s also something that upstart companies upending the investment…
Cryptocurrencies Post Inflows for 7 Straight Weeks, Led by Bitcoin: CoinShares Data
October 5, 2021
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NEW YORK—Cryptocurrency investment products and funds recorded inflows for a seventh straight week, as institutional investors warmed to more supportive statements from regulators, data from digital asset manager CoinShares showed on Monday. Inflows to the sector were $90.2 million last week, led by bitcoin which snagged $69 million, according to CoinShares data as of Oct….
Theater Chain AMC to Accept Other Cryptocurrencies Along With Bitcoin
September 16, 2021
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AMC Entertainment Holdings Inc. boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among mainstream investors and companies. “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can…
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