CBI governor warns on bitcoin again
Once again, Central Bank of Iran (CBI) Governor Valiollah Seif warned on cryptocurrency “bitcoin” and said, “CBI does not endorse bitcoin at all.” Turning to bitcoin transactions, he added, “although transactions with this cryptocurrency have become widespread, people should be careful about this issue seriously.” Transacting with bitcoin is followed with several risks, he said, […]
Japan’s new crypto-currency crooners sing the bitcoin beats
Move over AKB48: Japan has a new all-girl “idol” band — the Virtual Currency Girls — on a mission to educate the public about bitcoin and other cryptocurrencies. Each of the eight girls in the band, known in Japanese as “Kasotsuka Shojo”, plays a character representing a virtual currency such as bitcoin, ethereum or ripple. […]
ECB governor calls for tax, regulation on bitcoin
A top European Central Bank official on Wednesday called for governments to regulate and tax bitcoin, labelling the cryptocurrency an object of speculation and a tool for money laundering. “One ought to apply what the basic rule is in any other financial transaction: everyone involved should reveal their identity,” ECB governing council member Ewald Nowotny […]
SEO bans Bitcoin trade by brokerages
TEHRAN – Head of Iran’s Securities and Exchange Organization (SEO) Shapour Mohammadi said trading Bitcoin in the country’s brokerages is illegal, Shada reported on Sunday. “The Securities and Exchange Organization is reviewing Bitcoin’s status for entering the country’s economy and has not yet reached a conclusion, so if any brokerage buys or sells the cryptocurrency, […]
‘Virtual gold’ may glitter, but mining it can be really dirty
As the poster child for the growing ranks of computer-generated currencies, bitcoin’s recent stratospheric price rises have propelled it from the chat forum-hosted depths of nerddom into the global consciousness. As it rose from under $1,000 to over $19,500 at one point this year, hordes of tech-savvy punters have rushed in to buy, while any […]
UK watchdog to take closer look at initial coin offerings
Britain’s markets watchdog will step up its scrutiny of the initial coin offering (ICO) market to see if new rules are needed to protect investors after issuing an alert in September. Start-ups have begun issuing new digital currencies via ICOs and the market has raised about 3.7 billion pounds this year according to an industry […]
Asian markets jump as US tax cuts move step closer
Asian markets rallied on Monday, tracking fresh records on Wall Street, while the dollar held gains as Donald Trump’s much-hyped tax cuts moved a step closer to being passed. The controversial reforms look destined to become the US president’s first major congressional victory as two key Republican holdouts in the Senate decided to back the […]
Bitcoin in Iran awaiting CBI decision
Bitcoin, the digital currency that has dominated headlines in recent weeks, continued its march higher as it broke for the first time ever above $17,000 on Thursday. Despite queries over its real value and worries about its dangerous bubble, the cryptocurrency has drawn attention of many people in the business community as the fastest growing […]
Bubble or brave new world? Bitcoin breaks $10,000 barrier
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 higher than its value at the start of the […]
Iran contemplating fighting US with Bitcoin
Iran toiled for years to reach a deal with world powers to rid itself of harsh economic sanctions. The talks, which were current in the early 2000s but halted during the Ahmadinejad administration (2005-2013) were resumed by President Hassan Rouhani in 2013 to bear fruit in 2015. According to Trend news, The hopes of Iranians […]