Future of Bitcoin in 2018
Price is the biggest defining factor that empowers Bitcoin traders to make investment decisions for huge profits.
Lack Of Bitcoin ETNs Curbing Adoption, Says CBOE Chief In a recent media luncheon, Edward Tilly, the chief executive at the financial powerhouse that is the Chicago Board Options Exchange, the largest American options exchange, made a surprising mention of Bitcoin and the broader cryptocurrency market. Speaking to reporters, including those from Business Insider, Tilly, […]
Prosecutors say that a group of bitcoin traders in Taiwan ran a $51 million crypto scam. | Source: Shutterstock Prosecutors in Taiwan indicted seven bitcoin traders for allegedly operating a sham crypto investment scheme that bilked $51 million from more than 1,000 investors. The ringleader was a 47-year-old man whose surname is Lin, Focus Taiwan […]
Chinese gaming giant Tencent could acquire Nexon, which owns multiple bitcoin exchanges. | Source: REUTERS/Kim Kyung-Hoon/File Photo Tencent might soon be the proud owner of two major bitcoin exchanges, as the $400 billion Chinese tech conglomerate is weighing a bid for the South Korean holding company that controls them. Tencent Mulling Bid for Owner […]
Cryptocurrency prices traded sideways on Thursday, in what has been a subdued action in the digital currency market. Bitcoin, BTCUSD, +0.11% the world’s largest digital currency, is trading at […]
Image from Shutterstock Over the past 24 hours, the valuation of the crypto market has slightly dropped from $123 billion to $121 billion as the Bitcoin price fell below the $3,600 level. Affected by the short-term drop in the price of Bitcoin, some major crypto assets including Ethereum, Bitcoin Cash, and Litecoin recorded losses in […]
One of the joys of having a futures market is the ability to understand what investors are thinking about the future of the price. For bitcoin, it doesn’t seem so great at the moment. As we can see, the contracts for the bitcoin futures on the CBOE are currently in backwardation, meaning that contracts with a later […]
Bitcoin prices traded marginally higher on Wednesday, continuing to oscillate either side of $3,500. In Wednesday trading, one bitcoin BTCUSD, +0.74% was fetching $3,629.91, up 1% since Tuesday at […]
Bankrupt U.S.-based bitcoin mining firm Giga Watt has confirmed that it’s been forced to shut down day-to-day operations. The firm sent an email to customers on Tuesday, seen by CoinDesk, which states that, while it had continued to operate in the two months since the bankruptcy filing, “At present, both access and power to the […]