Jack Dorsey’s Twitter, Square Are Both on theVerge of Doubling This Year

posted in: Cryptocurency | 0

In 2018, it pays to be on Square Inc. and received a virtual-currency license in New York, and climbed to another record on Wednesday. Investors have also been optimistic about Twitter’s nascent turnaround. The company’s push to add more live … Continued

A Hedge Fund Billionaire’s Bitcoin Bet

posted in: Cryptocurency | 0

Source: Bloomberg On Thursday, it dipped below $8,000, marking a decline of more than a third this month alone. Its fellow digital currencies including Ripple and Ethereum have inflicted similar losses on holders — or hodlers, as crypto-fanatics call the … Continued

Bitcoin Tumbles Almost 20% as Crypto Backlash Accelerates

posted in: Cryptocurency | 0

Bitcoin tumbled for a fifth day, dropping below $7,000 for the first time since November and leading other digital tokens lower, as a backlash by banks and government regulators against the speculative frenzy that drove cryptocurrencies to dizzying heights last … Continued

Bitcoin Ban Expands Across Credit Cards as JPMorgan, BofA Recoil

posted in: Cryptocurency | 0

A growing number of big U.S. credit-card issuers are deciding they don’t want to finance a falling knife. JPMorgan Chase & Co. and Bank of America Corp., the nation’s two largest banks, said they’re halting purchases of Bitcoin and other … Continued

Goldman Sees Crypto, Credit Shadowing Robust 2018 U.S. Economy

posted in: Cryptocurency | 0

Financial imbalances including those in credit markets and cryptocurrencies will shadow an otherwise robust 2018 U.S. economy, said Goldman Sachs Group Inc. economist Jan Hatzius. Hatzius has already made some predictions for the new year: four Federal Reserve quickening to … Continued

JPMorgan Dips a Toe Into Analysis of Bitcoin Futures Volatility

posted in: Cryptocurency | 0

Jamie Dimon may think bitcoin is a “JPMorgan’s “Gandalf” Kolanovic Joins Boss in Bashing Bitcoin There’s even a tentative bitcoin vol smile — “because, why not” — as the report says. JPMorgan derived it looking at the historical distribution of … Continued

Bitcoin’s First 24 Hours on Wall Street Feed Euphoria and Doubts

posted in: Cryptocurency | 0

Bitcoin’s triumphant debut on Wall Street hasn’t ended the financial industry’s skepticism. The new breed of futures contracts that launched on Cboe Global Markets Inc.’s exchange late Sunday quickly became a 24-hour microcosm of bitcoin’s own wild ride this year, marked … Continued

Inside Banks, Bitcoin Futures Are Riling Trading Executives

posted in: Cryptocurency | 0

Bitcoin is coming to Wall Street on Sunday, and some executives at the world’s biggest banks aren’t sleeping well. With just a few days left until Cboe Global Markets Inc. debuts futures contracts on the cryptocurrency, many banks are still … Continued

Bitcoin Guns For $10,000 as Cryptocurrency Mania Intensifies

posted in: Cryptocurency | 0

Bitcoin is showing no signs of slowing down, blowing past $9,000 less than a week after topping $8,000 and now quickly closing in on five big figures. The price of the largest cryptocurrency by market value is soaring as it … Continued