Martin Chavez, CFO of Goldman Sachs, told CNBC that news reports earlier this week of the investment bank dumping plans for a cryptocurrency trading desk were “fake news.” That would also be news to tens of thousands of bitcoin...
Japanese financial and internet conglomerate Rakuten Group made its first cryptocurrency acquisition after studying the future potential for cryptocurrency in its financial services and e-commerce businesses. It’s Rakuten Card subsidiary acquired 100% of Everybody’s Bitcoin for an estimated...
Talk about a “moonshot” in the cryptocurrency world. The Q1 profits of eighteen-month-old cryptocurrency exchange Binance certainly qualify as a moonshot. For those few of you who don’t know, “moonshot” is cryptocurrency investor slang describing an altcoin or other...
Who better than Jordan Belfort, the “Wolf of Wall Street” fraudster, to offer up his opinions on bitcoin? The question is, does he know what he’s talking about when it comes to cryptocurrency? Earlier this week, CNBC interviewed...
The US Securities and Exchange Commission (SEC) rejected nine bitcoin exchange-traded fund (ETFs) proposals from ProShares, Direxion, and GraniteShares. The SEC used nearly identical wording in rejecting each proposal, saying in the case of Direxion’s five proposals: "...
A 21-year-old Bitcoin dealer was ordered held without bail today in connection with a 31-count indictment charging him with operating an illegal money transmitting business, failing to maintain an anti-money laundering program, international money laundering and conspiracy...
Despite the bearish bitcoin and cryptocurrency market, a Bloomberg article reports that cryptocurrency exchanges are still making plenty of money. According to data from Sanford C Bernstein & Co, cryptocurrency exchanges could more than double revenue in 2018...
Yesterday, CNBC Mad Money host Jim Cramer speculated that the tide may have turned against bitcoin. The influential market guru and former hedge fund manager is known for his sharp and often controversial opinions. "I think the tide has...
Cryptocurrency market capitalization across the board has dropped to near record lows and analysts are trying hard to make sense of the persistence of the bear market. In the case of Ether, analysts and industry leaders are pointing...
There’s no better authority to verify that bitcoin users are now speculators and not drug dealers according to the Drug Enforcement Administration (DEA). In fact, Special Agent Lilita Infante at the US DEA told Bloomberg criminal activity behind...
In the past week, the cryptocurrency market has dropped precipitously by 20%. That hasn’t seemed to rattle Fundstrat co-founder and chief analyst Tom Lee. “While many attribute this to “proof crypto is in a bear market,” rather, we...
The world’s biggest bitcoin miner, Bitmain, earned more than $1.1 billion in net profit in the first quarter of 2018 according to insiders. Add that to $1.2 billion of net profit earned in 2017 and you’ve got a...