Bitcoin Ban: Merrill Lynch Prevents Clients, Advisors From Trading Cryptocurrency – In the latest development, a report has it that wealth management firm Merrill Lynch has blocked all of its clients and financial advisers who manage money for clients from trading Bitcoin over fears of instability relating to the cryptocurrency. the Wall Street Journal reported. … Read more
Bitcoin drops 11% as South Korea moves to regulate cryptocurrency trading: In the latest development, bitcoin fell on Thursday, marking the latest gyration following a major sell-off at the end of last week. The cryptocurrency fell as low as $13,672.16 on Thursday — an 11 percent decline compared with the beginning of the day, according to … Read more
Bitcoin: Rules to limit speculation in cryptocurrency trading are a good thing, says BitSpread: South Korea’s decision to further regulate speculation in cryptocurrency trading is “quite positive,” according to BitSpread Founder and CEO Cedric Jeanson. “I think it’s normal,” said Jeanson, whose firm oversees more than $1 billion in trades per month. BitSpread makes bets … Read more
Bitcoin drop continues during holiday trading: Bitcoin has struggled to recover from last week’s wild swings, with the price of the popular but volatile digital currency giving up some of its weekend recovery to trade at about $14,000 by midday on Sunday in New York. Read also: Buying and selling Bitcoin, explained The cryptocurrency tumbled more … Read more
Bitcoin falls as low as $10,400 in volatile trading on Coinbase; now down 27 percent from record: Bitcoin fell Friday, taking the digital currency briefly below $11,000 and down 47 percent from a record high hit at the start of the week. Bitcoin had rallied to a record high above $19,800 on Sunday and was … Read more
Coinbase Halts Bitcoin Cash Trading Abruptly After Exchange Launch: Shortly after the sudden news it would add support for the cryptocurrency bitcoin cash, U.S. exchange startup Coinbase has already moved to disable trading of its newest asset. Announced today via a blog post to users, the decision to add the cryptocurrency, the third-largest by market … Read more