After Goldman Sachs was said to launch a cryptocurrency trading desk this summer, which did not happen, now, another major US investment bank is on the "hunt" for creating a Bitcoin derivative product. Morgan Stanley is rumoured to be eyeing price return swaps that are actually tied to the "people's currency". As the price return…
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Bitcoin is definitely taking a plunge these days. The cryptocurrency is trading for around $6,500 at the time of this writing. Even hodlers seem anxious to see what will happen with the "people's currency". Walmart, on the other hand, is selling a different kind of Bitcoin - the Frankford ones - for as little as…
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Defendants can now bail out with Bitcoin. The Federal Court in California is now accepting the "people's currency" for releasing defendants. According to press releases, Bitcoin has never been used for bail outs until now. This is considered a major "breakthrough" as cryptocurrency payments were never used for getting someone out of jail. The defendant…
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Swiss blockchain technology company ShapeShift AG has announced that it has acquired Austin-based software firm Bitfract. Bitfract has built a tool that allows users to trade bitcoin into dozens of digital assets in a single transaction. The Bitfract team made expert use of ShapeShift’s open API to build a product that we ourselves were planning to…
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International broker JustForex has just announced that it has implemented new payment methods according to the wishes of the customers and current market trends. In August 2018, JustForex implements new payment methods for traders and partners on its website, such as Bitcoin and Bitcoin Cash as well as the option of depositing at Vietnamese and…
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Bitcoin, ethereum and other major cryptocurrencies saw huge price crashes, with analysts warning that the market has hit "panic mode". Ethereum has experienced the biggest drop in value of all the major digital currencies, plunging nearly 20% over the last days to hit its lowest price in almost a year, trading at $262 on Tuesday. The…
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Bitcoin has been often used as a store-of-value cryptocurrency, rather than as a transactional one. Countries that face problems with their own currencies have now turned to Bitcoin as if it would be the "gold of tomorrow". Turkey may be the next country to bet on Bitcoin, given that the Turkish Lira is currently plunging.…
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The standing committee has warned the public against trading in the digital currencies or what is known as virtual currency for their negative consequences and high risks on traders as they are out of government supervision. The committee assured that virtual currency including, for example but not limited to, the Bitcoins are illegal in the…
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Intuit Inc., one of the American's most innovative fintech - audit companies, has been awarded a patent from the US Patent and Trademark Office for a new, bitcoin payment processing platform. Intuit is based in Mountain View, California and currently has a headcount of around 8,000 people. With subsidiaries that include Mint.com and PayCycle, Intuit…
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BitMEX, the crypto-coin trading platform, has just informed the public that, for the second time, it has met its own industry record for daily bitcoin trading volume. The 24-hour trading period of August 8 saw 1,027,214.62 bitcoin traded on BitMEX, following the company setting the world record on July 25. The achievement comes as BitMEX…
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