With Zimbabwe under threat of cash shortages and hyperinflation, some are turning to highly-volatile cryptocurrencies like bitcoin as a safer haven for their money. Matthew Larotonda reports. Continue reading
Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion. But as Kate King reports, mainstream institutional investors are steering clear, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in. Continue reading
SOCHI, RUSSIA (OCTOBER 10, 2017) (RUSSIAN PRESIDENTIAL PRESS SERVICE) – President Vladimir Putin said on Tuesday (October 10) crypto-currencies were risky and used for crime, as Russia’s central bank said it would block websites selling bitcoin and its rivals – a change of tone from a month-old promise to legalise the market. Continue reading
China Central Television (CCTV) – More irregularities about the concocted online payment unit, bitcoin, have aroused more concerns of monetary regulators everywhere. Continue reading
The U.S indicts Alexander Vinnik, a Russian man accused of laundering $4bn in bitcoin through the BTC-e crypto-currency exchange. David Doyle reports.