Year: 2017

South Korean Government Holds Emergency Meeting to Discuss Bitcoin

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The South Korean government held an emergency meeting to evaluate the state of the local cryptocurrency exchange market and trading of digital currencies. A South Korean central bank official stated that the government plans to introduce various regulatory measures on Friday, December 13, with urgency given the recent rise in demand for bitcoin and other cryptocurrencies from the traditional finance sector. Immediately after the announcement from the South Korean central bank official, the stocks of cryptocurrency exchange holding companies reportedly slumped, in the range of 4 to 8 percent. Regulations…

Bitcoin Price Hits All-Time High as Futures See Second-Day Slump in Volume

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The bitcoin price achieved a new all-time high on Tuesday, even as CBOE processed lower volumes of bitcoin futures during the second full day of trading. Bitcoin Price Hits New All-Time High Tuesday was a record-setting day for the cryptocurrency markets. Both litecoin and ethereum exploded to new all-time highs, and the total cryptocurrency market cap raced to within $10 billion of the $500 billion mark. The bitcoin price, meanwhile, remained relatively calm during the early morning hours, but it began to break out in the early afternoon. On Bitfinex,…

CBOE Bitcoin Futures Trade Near $18,000; ‘Speculative Mania’ Carries Volume Past 3,400 XBT

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CBOE’s bitcoin futures continue to trade near $18,000 as “speculative mania” prevented bears from immediately shorting the market. CBOE Bitcoin Futures Launch: Afternoon Update As CCN reported, CBOE launched its hotly-anticipated bitcoin futures contracts on Sunday, becoming the first regulated U.S. exchange to provide traders and investors with access to this product. Though volume was much lower than activity on bitcoin exchanges — in part due to the fact that many brokers restricted client access — a CBOE executive noted that its volume was quite respectable when placed in the…

SEC Halts Multimillion-Dollar ‘Munchee’ ICO for Securities Violations

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A California-based company has refunded tokens sold in a $15 million initial coin offering following an investigation by the U.S. Securities and Exchange Commission (SEC). The SEC announced today that Munchee Inc. had provided refunds to investors after officials made contact and drew issue with its token sale, which the agency said constituted the offer and sale of unregistered securities. The development represents the latest high-profile move by the agency to regulate initial coin offerings, coming roughly a week after the SEC filed a fraud suit against the organizer of the…

Pantera Invests $3 Million in Sharing Economy Token Origin

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It can be said the sharing economy brought the internet into the real world, helping it move real items rather than just information. On today’s web, though, if you want to rent out your camera or desk, you need a specific site for each one (think Airbnb, 99 Designs or DogVacay), and each site takes a hefty cut from every sale. The founders at Origin, however, envision a world where entrepreneurs would build specific interfaces for each business area, all of which would share one giant pool of customers to…

Bitcoin Price Headed for $100,000, Says Trader Who Called Q4 Rally

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A Hong Kong trader who successfully forecast the bitcoin price’s dramatic year-end ascent believes that the flagship cryptocurrency’s rally is far from over. Dave Chapman, managing director of cryptocurrency trading firm Octagon Strategy, told CNBC’s “Squawk Box” that many analysts scoffed at him when he predicted the bitcoin price would more than double in the fourth quarter and reach $10,000 before the end of the year. “I was quoted back in August when bitcoin was trading at around $4,000 that we would have a five figure headline by the end…

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