Credit Card Companies are Disallowing Users From Purchasing Cryptocurrencies

Credit Card Companies are Disallowing Users From Purchasing Cryptocurrencies

Major credit card issuers and financial service providers Citigroup, Discover, JPMorgan Chase, and Bank of America are disallowing their clients from purchasing cryptocurrencies with credit cards. This week, in an official statement provided to Bloombe…

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Nordea Bank Prohibits Employees From Trading Bitcoin, Previous Holders Allowed

Nordea Bank Prohibits Employees From Trading Bitcoin, Previous Holders Allowed

Nordea Bank, based in Stockholm, Sweden, has banned its employees from trading bitcoin and other major cryptocurrencies in the global market. The bank, describing bitcoin as a “high risk” investment, prohibited all of its 31,000 employees located throu…

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Nasdaq CEO: ‘We Are Investigating the Idea of a Bitcoin Futures Contract’

Nasdaq CEO: ‘We Are Investigating the Idea of a Bitcoin Futures Contract’

The CEO of Nasdaq has revealed that it is looking into how it can offer digital currency futures that are different to Cboe and CME offerings. Speaking to CNBC, Adena Friedman, the chief of the stock exchange, said that Nasdaq was ‘investigating the id…

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Crypto Craze: Towards A Bursting Bubble?

Crypto Craze: Towards A Bursting Bubble?

Cryptocurrencies had an incredible year in 2017: Bitcoin jumped more than 1,300%, Ethereum rallied 8,600%, and the overall cryptocurrency market rose to nearly US$650 billion by the end of the year, an astronomical 3,720% increase compared with January…

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South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks

South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks

South Korean cryptocurrency exchanges including Bithumb, Coinone, and Korbit are adding more employees than banks and financial institutions, local mainstream news networks have reported. YTN, one of South Korea’s largest mainstream media outlets, reve…

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NYSE and Cboe File For Bitcoin ETFs

NYSE and Cboe File For Bitcoin ETFs

This month, the Chicago Board Options Exchange (Cboe) and The New York Stock Exchange (NYSE), the world’s largest options and stock exchange, filed six bitcoin exchange-traded fund (ETF) applications to the US Securities and Exchange Commission (SEC). …

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Prominent Investor: Why Jamie Dimon Insisted on Calling Bitcoin a Fraud

Prominent Investor: Why Jamie Dimon Insisted on Calling Bitcoin a Fraud

Over the last year, Jamie Dimon, CEO of JPMorgan, the largest bank in the global finance sector with a market valuation of over $367 billion, has publicly expressed his opposition to bitcoin, falsely describing the cryptocurrency as a fraud and a money…

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CME CEO: Bitcoin Futures Could Launch in Mid-December

CME CEO: Bitcoin Futures Could Launch in Mid-December

CME Group chairman and CEO Terry Duffy has said that the planned bitcoin futures contract could launch by mid-December. At the end of October, Duffy revealed that the company had decided to introduce a bitcoin futures due to ‘increasing client interest…

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Bitcoin May End Up being a Bigger Idea than Amazon or Apple, Says Ark Investment Management

Bitcoin May End Up being a Bigger Idea than Amazon or Apple, Says Ark Investment Management

Bitcoin may be a bigger idea than Amazon or Apple. That’s according to Catherine Wood, CEO and CIO of Ark Investment Management, and reporters from The Wall Street Journal and Bloomberg. In a PBS interview, with Charlie Rose, they spoke about the futur…

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Chief Indian Economist: Bitcoin Won’t become a ‘Legal Currency’ in India without Regulation

Chief Indian Economist: Bitcoin Won’t become a ‘Legal Currency’ in India without Regulation

A prominent Indian economist believes that bitcoin needs to be regulated in India before it will become a legal currency. In a Q&A interview with the Economic Times, Dr S.P. Sharma, chief economist at the PHP Chamber of Commerce and Industry, was questioned on whether he thought bitcoin would be accepted legally in the country. […]

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