Washington, United States | AFP | Facebook says it is banning all ads related to cryptocurrencies in an effort to fight scams. The social media giant said it is barring ads for “financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, …
Read More »European stocks dip, bitcoin crashes below $10,000
London, United Kingdom | AFP | Europe’s major stock markets churned lower Wednesday as investors took their cue from downbeat sentiment in Asia, while Wall Street resumed its upward trend. Virtual currency bitcoin meanwhile dived, falling below $10,000 for the first time in six weeks in what one analyst called a …
Read More »Egypt’s mufti says bitcoin forbidden in Islam
Cairo, Egypt | AFP | Egypt’s grand mufti has said that bitcoin is forbidden in Islam, warning the digital currency could be used for criminal purposes. Bitcoin, launched in 2009 and based on a peer-to-peer payment system, poses “high risks to individuals and states,” Shawqi Allam said in a published ruling. …
Read More »Bitcoin suffers dramatic price plunge in Asia
Tokyo, Japan | AFP | Bitcoin prices plunged about 15 percent in Asian trade Wednesday before recouping some of the losses as investors apparently took fright at news that a South Korean exchange had been hacked. The unit, which hit a record $19,500 at the start of the week, took a …
Read More »2017: The year the bitcoin craze reached Wall Street
New York, United States | AFP | Bitcoin burst out of the shadows in 2017, seducing Wall Street and individual investors alike even though many still struggle to understand precisely what it is. The cryptocurrency’s rise is also pushing regulators to consider taking action after years of simply urging caution. Bitcoin …
Read More »Bitcoin tops $18,000 in debut on major bourse
New York, United States | AFP | Bitcoin surged past $18,000 after it began trading on its first major global exchange Sunday, the latest in a series of highs that have excited some investors while leaving others nervous of a bubble. Trading of the controversial digital currency on a futures contract …
Read More »Bitcoin futures launch sparks excitement, warnings
New York, United States | AFP | Bitcoin makes its debut on a major exchange Sunday, a milestone for the digital currency that has some investors excited but others nervous. The Cboe Futures Exchange in Chicago will open trading in bitcoin futures at 2300 GMT on Sunday, a move that is …
Read More »Bubble or brave new world? Bitcoin breaks $10,000 barrier
Singapore, Singapore | AFP | Bitcoin broke through the $10,000 barrier for the first time on Wednesday as it continues a stratospheric rise that has delighted investors but sparked fears of a bubble. The virtual currency hit a high of $10,379 in Asia, according to Bloomberg News, more than 10 times …
Read More »MtGox CEO says ‘not guilty’ at missing Bitcoin trial in Japan
Tokyo, Japan | AFP |Mark Karpeles, the former CEO of collapsed Bitcoin exchange MtGox, denied wrongdoing Tuesday as his trial got under way in Tokyo on charges linked to the disappearance of hundreds of millions of dollars worth of the virtual currency. The French national — once the high-flying head …
Read More »Things to know about Bitcoin
Tokyo, Japan | AFP | Mark Karpeles, the former CEO of collapsed Bitcoin exchange MtGox, went on trial in Tokyo on charges stemming from the disappearance of hundreds of millions of dollars worth of the virtual currency from its digital vaults. Here are some key facts about the world’s most …
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