Bitcoin’s price may have plummeted in recent days, but that crash seems to have done little to quell Fundstrat Global Advisor co-founder Tom Lee’s bullish outlook on the world’s most popular cryptocurrency. During an appearance on CNBC’s Squawk Box on Tuesday, Lee predicted a price recovery and stood by his most recent forecast suggesting a year-end Bitcoin price as high as $15,000.
When the UK government’s cryptocurrency taskforce reported to the government in late October, one of its recommendations advised officials to consider a complete ban on crypto derivatives like CFDs, futures, and options. UK Financial Conduct Authority (FCA) Executive Director of Strategy and Competition Christopher Woolard has confirmed that regulators will consider such a ban, according to Finance Magnates.
The NYSE’s parent company, The International Exchange (ICE) has postponed the launch of its Bitcoin futures product on its upcoming Bakkt platform to Jan. 24, 2019, according to a public notice from the company.
A senior executive from Swiss fintech company X8 AG claims that Islamic scholars have certified the company’s digital currency as Sharia-compliant, according to a Monday report from Reuters.
Tether Ltd, the company responsible for issuing dollar-backed USDT tokens, confirmed on Thursday via the Tether blog that it had established a $1.8 Billion banking relationship with Bahamas-based Deltec Bank & Trust Ltd.
After Coinbase closed a $300m Series E funding round on Wednesday Oct. 29, COO Asiff Hirji told Bloomberg that the company has no immediate plans to go public, confirming that an IPO would happen, but was “not even close to the top of the list of things we’re worried about right now.”
Cryptocurrency exchange Coinbase is now worth over $8 billion after raising $300 million in Series E funding, according to an October 30 post on the company’s blog.
The Taipei Times reported this week that a draft proposal for new ICO standards in Taiwan is expected to be completed by June 2018. According to the Times, Financial Services Commission (FSC) Chairman Wellington Koo made the announcement in remarks to the Legislative Yuan’s Finance Committee earlier in the week.
According to data compiled by Bloomberg, tech stocks are now 45% more volatile than Bitcoin over a ten-day average, with FANG stocks (Facebook, Amazon, Netflix & Google — now Alphabet, Inc.) enduring sustained stock sell-offs on the heels of disappointing earnings results. Elsewhere, Bitcoin Magazine reported on Wednesday that the popular cryptocurrency has been less volatile than the NASDAQ, DOW, and S&P 500 over a thirty-day period ending October 14.
U.S. markets saw tremendous volatility this week, as the Dow Jones ended the week down nearly 3 percent. Meanwhile, Bitcoin markets seemed to find some measure of stability and spent the week trading within a relatively narrow range near $6,500. CNBC took note of that lack of cryptocurrency volatility and suggested that “Bitcoin’s insulation from the market wreckage is relatively new.”
Visa’s CEO Alan Kelly has claimed that distributed currencies like Bitcoin pose no threat to the company’s hegemony in global payments.
DNotes Global, Inc. is proud to announce that the company has been included in Silicon Review’s 2018 list of the “50 Most Trustworthy Companies of the Year.” The recently-published list includes companies representing a wide range of industries.
DNotes Global, Inc. today announced the release of the new DNotes Pay payment gateway plugin for the WooCommerce eCommerce platform. The new plugin will enable websites using WooCommerce to add DNotes payment options to their online shopping carts.
Fidelity Investments announced Monday that it will be launching a new company that will focus on managing digital currency assets for its clients, according to Bloomberg. The company revealed that its Fidelity Digital Assets business will provide crypto security, custody, trade execution, and customer services for trading firms, hedge funds, and other Fidelity customers.
U.S. Senators who attended the Banking Committee hearing on cryptocurrencies Thursday were provided two vastly different assessments of the technology and its potential, according to a report from the Washington Examiner. The hearing featured testimony from Bitcoin skeptic Nouriel “Dr. Doom” Roubini and Coin Center research director Peter Van Valkenburgh.
Millions of cryptocurrency enthusiasts rely on the Blockfolio app to track their digital currency portfolio in real-time. On Wednesday, the company announced that its latest funding efforts have raised $11.5 million in capital, according to Fortune.
The Swiss Financial Market Supervisory Authority (FINMA) announced today that it has granted a cryptocurrency asset management license to Crypto Finance AG subsidiary Crypto Fund, according to reports from Swiss media outlet Swissinfo.
Norway’s Financial Supervisory Authority has announced that its new money laundering regulations will go into effect on the 15th of October. The new rules will require Norway’s digital currency exchanges and cryptocurrency storage services to properly register with regulators and comply with the provisions of the Money Laundering Act.
In August, the Securities and Exchange Commission confirmed that it would be reviewing its rejection of nine Bitcoin ETF applications just one day after it rejected them. This week, regulators provided a deadline that suggested a final decision could be rendered before the end of October.
Cameron and Tyler Winklevoss’ Gemini Trust Co. announced in a press release this week that it has secured insurance coverage for client cryptocurrency holdings maintained by the exchange, according to a press release. The coverage was secured through “a global consortium of industry-leading insurers and arranged by Aon” and complements the Federal Deposit Insurance Corporation that protects customers’ U.S. dollar holdings.