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Bitcoin may be seen in some quarters as the answer to too much bureaucracy, red tape, and creaking, antiquated, legacy banking systems, but it can’t escape being regulated, according to IMF chief Christine Lagarde, who gave an interview to CNN Money last week. Read more “IMF Chief Christine Lagarde Weighs In On Crypto Regulation Debate”
2018 is already being labelled the year when the “plumber and the hairdresser” started buying and selling the digital currency bitcoin.
There has certainly been an incredible uplift in the number of people learning about bitcoin – searches for the phrase “buy bitcoin with credit card”, for example, were reported by Google to have “skyrocketed” towards the end of December, when the digital currency was on its magnificent bull run.
The price of the cryptocurrency hit $10,000 in December, for the first time in its 8 years of existence, and went on to climb to above $16,000, in a little under a week. Read more “How Does Bitcoin Trading Work? A Quick Look At The Fundamentals”
Bitcoin, and the crypto-economy that it presides over as the king of the digital currencies, is enduring a tough January. Read more “$500m Crypto Heist Puts Bitcoin, Digital Currency Security Issues In Spotlight Again”
This content is sourced and brought to you by The Money Cloud – comparing the best rates for sending money overseas offered by hand-picked, regulated brokers and money transfer agencies.
Most of us have heard of it, but are we buying it? After a rocky first few years, when it was seen as little more than a vehicle for the ill-gotten gains of drug dealers, money launderers and terrorists, bitcoin, the concept, successfully overcame the doubters in 2017, leading to a stunning hike in the price of the digital currency, from less than $1,000 dollars in January, to above $19,500 by the end of December. Read more “The Bitcoin Phenomenon; Is It A Myth That We Are All Buying The Digital Currency?”
This content is sourced and brought to you by The Money Cloud – comparing the best rates for sending money overseas offered by hand-picked, regulated brokers and money transfer agencies.
Bitcoin speculators in the UK are facing high fees for transferring their digital crypto gains into fiat currency, because digital currency exchanges are struggling to build relationships with UK based banks, the FT revealed over the weekend.
UK banks are apparently “taking a lot more time to get comfortable” when it comes to dealing with bitcoin, or cryptocurrency exchanges, than their European and US counterparts, according to Obi Nwosu, chief executive of Coinfloor, the cryptocurrency exchange. Read more “Bitcoin’s Exchange Issues; Crypto Speculators In UK Struggling To “Cash Out””