Bitcoin has become a combination of bubble, Ponzi scheme and environmental disaster: BIS chief
Feb 07, 2018 03:57 am UTC| Digital Currency
If central banks and financial authorities do not act pre-emptively, cryptocurrencies could become a threat to financial stability, Bank for International Settlements (BIS) General Manager Agustín Carstens...
Testimony of US SEC and CFTC chairs released ahead of Senate’s hearing on cryptocurrencies
Feb 06, 2018 11:09 am UTC| Digital Currency
The chairs of the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) Jay Clayton and J. Christopher Giancarlo, respectively, have prepared their testimonies for the Senate...
US CFTC warns against fraudulent cryptocurrency retirement plans
Feb 06, 2018 10:13 am UTC| Digital Currency
The U.S. Commodity Futures Trading Commission (CFTC) has issued a warning to investors against cryptocurrency retirements accounts claiming to have received approval from regulators. The CFTC explained that price...
FxWirePro: ETH/USD extends decline, dip till 488 likely
Feb 06, 2018 09:22 am UTC| Digital Currency
ETH/USD is continuing its downward move on Tuesday after it broke below Ichimoku cloud. It is currently trading at 600 levels at the time of writing. On the upside, immediate resistance is seen at 608 (1h 10-SMA) and a...
Law firm partner Marco Santori joins Blockchain as President
Feb 06, 2018 08:47 am UTC| Digital Currency
Bitcoin wallet startup Blockchain has announced that Marco Santori is joining the company as President and Chief Legal Officer. Santori joins from law firm Cooley LLP, where he was a partner and led the global financial...
FxWirePro: BTC/USD plunges to 6021 after breach of 200-DMA support, bias bearish, stay short
Feb 06, 2018 06:55 am UTC| Digital Currency
BTC/USD has broken below major support at 200-DMA and plunged to 6021 levels. It is currently trading at 6148 levels at the time of writing (Bitstamp). On the topside, the pair is likely to face resistance at 6561 (1h...
Two Litecoin payment processors underway
Feb 06, 2018 03:11 am UTC| Digital Currency
Two Litecoin payment processors LitePay and LitePal are currently in the works. First announced in December 2017, LitePay is right on track for its planned February launch and likely to be rolled out this week,...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
The Mattei Plan: why Giorgia Meloni is looking to Africa
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight