Zimbabwe’s central bank has recently banned domestic financial institutions from dealing with cryptocurrencies, local media outlet NewsDay reports today, May 12. According to the report, the Reserve Bank of Zimbabwe’s (RBZ) director and registrar of banking institutions Norman Mataruka issued a circular Friday ordering all financial institutions to terminate servicing cryptocurrency exchanges within 60 days … Read more
Surveys: 73% of Russians Will Increase Crypto Investments: A recent survey shows that 49% of Russians want to receive cryptocurrency as gifts, with a large percentage specifying bitcoin. As cryptocurrencies grow in popularity, another survey reveals 73% of Russian investors expect to increase their cryptocurrency holdings next year. 49% Want Crypto Gifts Russian technology portal … Read more
Russian Crypto Expert Released After Allegedly Being Kidnapped: Pavel Lerner, the Russian IT specialist kidnapped by masked men near his Kiev office on Tuesday, has been released after reportedly paying a bitcoin ransom worth more than a million in USD. This sum and payment have not been confirmed. Exmo’s executive was dropped off on a … Read more
Cryptocurrencies Proxy Stocks Rally as Bitcoin Rebounds Above $15,000: In the latest development, Bitcoin’s rebound from a five-day rout has drawn investors back to stocks related to cryptocurrency and blockchain technology. Riot Blockchain Inc. jumped 18 percent, while LongFin Corp. added 20 percent. Both had fallen more than 30 percent in the past four days … Read more
According to a real currency strategist, bitcoin buyers are to be beware that the crypto carnage could continue. Bitcoin saw one of its most dramatic recent price swings yet on Friday, plunging as low as $10,400 per coin and prompting Coinbase to briefly disable trading. While this price action may encourage some to pile in … Read more
Doing a 180 – Goldman Sachs Goes Crypto: The Year of Bitcoin continues to get more interesting, as reports surfaced today that legacy bank Goldman Sachs will open a cryptocurrency trading desk by mid 2018. It’s a momentous occasion for many reasons, but not least of which is the influence the bank carries in terms … Read more