Report: Fidelity to Roll Out Crypto Trading ‘Within a Few Weeks’

Report: Fidelity to Roll Out Crypto Trading ‘Within a Few Weeks’

Financial services giant Fidelity Investments is said to be launching cryptocurrency trading service soon. A Bloomberg report on Monday, citing “a person familiar with the matter,” said that Fidelity will roll out the service for trading bitcoin “within a few weeks” and will focus on institutional, not retail, customers.

This Crypto Trader Grew $32k to $1.2m, Then Almost Lost Everything. Here’s Why He Is Still Optimistic

You’ve heard all the legendary tales about crypto investors who put in a few thousand dollars and became millionaires. One thing all these investors have in common is they all cashed out when Bitcoin was at its peak. At $20,000, Bitcoin had already skyrocketed by 2,000 percent in just 12 months. Those who cashed out were the lucky ones and they have grabbed all the headlines since. There is however a second group, one that never cashed out. This group rode the wave all the way to the top, and then all the way dow to $4,000.
Want to Short Bitcoin? It’s Going to Cost You

Want to Short Bitcoin? It’s Going to Cost You

The largest U.

Small Korean Investors are Buying Bitcoin Instead of Stocks

Bithumb, Korea’s largest cryptocurrency exchange, experienced a 182-times increase in virtual currency transactions this year.

Indian Bitcoin Investors Face Paying Taxes on their Bitcoin Sales [Profits]

Investors in India are finding that they may be subject to paying tax after selling their bitcoin following the Reserve Bank of India’s (RBI) warning against trading in them.

Korea’s Justice Ministry Mulls Total Ban on Bitcoin Trading: Report

The South Korean Ministry of Justice is reportedly planning to outlaw trading of all cryptocurrencies including bitcoin.
Analysts Blame Gold’s Fall On Bitcoin’s Rise

Analysts Blame Gold’s Fall On Bitcoin’s Rise

As bitcoin’s price has surged, gold has suffered.

Swiss Banks Encouraged By Bitcoin Futures

Representatives of two Swiss banks that offer bitcoin products, Falcon Private Bank and Vontobel Holding AG, are high on bitcoin’s future due to the pending introductions of bitcoin futures in the U.
Court Sentences Detroit Man For Trading Bitcoin Without Proper License

Court Sentences Detroit Man For Trading Bitcoin Without Proper License

A federal court has sentenced a Detroit man to a year and a day in prison and three years of supervised release for trading bitcoin without a money service license, according to the U.

As Bitcoin Tops $11,000, Hedge Fund Leader Ken Griffin Joins the Bubble Brigade

Share Every bitcoin milestone brings more stone throwers.

$30 Million: Credit Suisse Predicts Square App Revenue Gains Due to Bitcoin

Square’s Cash app, which facilitates payments among friends, recently gave some of its users the ability to buy and sell bitcoin, in a move that according to Sarah Friar, the company’s CFO and operations lead, was about Square’s innovation, not bitcoin’s validation, as the company listens carefully to its customers when new products are launched.

South Korea Won’t Regulate Bitcoin, Not Until it Becomes a Legal Currency

South Korea’s financial regulator and watchdog has no intention of regulating bitcoin trading or supervising bitcoin exchanges, a local report has confirmed. Speaking to reporters on Thursday, South Korea’s Financial Supervisory Service (FSS) chief Chloe Heung-sik revealed bitcoin isn’t deemed a “legitimate currency” in the country and, as a result, will not be supervised not regulated by the authority. According to a Korea Times report, Choe said the government does not classify digital currencies or tokens as payment instruments and see them as ‘subjects of speculation’ instead.

Billionaire Brokerage Chief: Bitcoin Should Stay Away from the ‘Real Economy’

The founder and chairman of electronic brokerage firm Interactive Brokers has said that while bitcoin is a great idea it should stay away from the ‘real economy.’ Hungarian-born American entrepreneur Thomas Peterffy, who some call ‘the father of high-speed trading,’ claims he isn’t against trading the digital currency. Yet, earlier this week the billionaire wrote a letter to J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commision, warning of the dangers associated with the cryptocurrency.

UK Financial Watchdog Issues Cryptocurrency Derivatives Warning

The UK’s Financial Conduct Authority has warned of investment risks in cryptocurrency contracts-for-differences, a type of financial derivative. The Financial Conduct Authority (FCA), the UK’s primary financial regulator and watchdog, has issued a consumer warning about the risks of investing in cryptocurrency contracts-for-differences (CFDs). A CFD contract, in this scenario, would essentially see two parties exchange the difference between the opening and closing prices of a cryptocurrency over a specific period of time.

Square Cash App Lets Users Trade Bitcoin Amidst Price Surge

Square’s cash app, which is used for payment among friends, is testing the ability to buy and sell bitcoin, a benefit that could make bitcoin easy to trade for a huge swath of the population, particularly younger consumers. Square’s cash app is one of the fastest and easiest ways to pay people, as the service is free and the transaction is completed almost immediate.

Goldman Sachs CEO Lloyd Blankfein Open to Bitcoin Trading Desk

Goldman Sachs chief executive Lloyd Blankfein is still not comfortable with bitcoin, but he says that he would not prevent the firm from establishing an institutional bitcoin trading desk. Blankfein made these comments in an interview with CNBC, responding to rumors that Goldman Sachs is considering becoming the first blue-chip Wall Street firm to open a dedicated cryptocurrency trading desk.

Bitcoin Supporters Welcome SegWit2x Cancellation

Cryptocurrency supporters generally welcomed the cancellation of SegWit2x in the wake of disagreement among developers and miners over the proposed solution to the need for a larger bitcoin block size. Crypto observers generally believe the fork would have had a negative impact on bitcoin.

Taming Bitcoin Price Swings: CME to Place Limits on Bitcoin Futures

Ahead of its planned bitcoin futures product, CME – the world’s largest exchange operator, will reportedly impose limits on bitcoin price fluctuations to avoid extreme volatility. According to the Wall Street Journal, the CME Group will impose trading halts across different tiers of price movements and a “hard cap” to completely restrict price swings at a certain level on any day.

Equities Brokerage Warns Against CME’s Bitcoin Futures Plan

Themis Trading LLC, an equities brokerage agency for institutions, has joined the attack on CME Group’s decision to launch bitcoin futures. A recent blog on the company’s website argues that the U.S. Commodity Futures Trading Commission (CFTC) should not approve CME’s bitcoin futures.

Blockchain Entrepreneurs Invigorated By CME’s Bitcoin Futures Move

CME Group’s recent decision to list regulated bitcoin futures contracts by year’s end drew doomsday scenarios from some Wall Street investors, but blockchain and fintech entrepreneurs see it as a sign of the cryptocurrency’s growing acceptance which will bring more mainstream investors to bitcoin.

Zimbabwean Exchange’s Monthly Bitcoin Volume Hits $1 Million

Bitcoin is increasingly becoming a store of value in Zimbabwe as inflation starts to creep up and prices sky-rocket, with investors ditching monetary assets, experts said this week as the price of the crypto-currency skyrocketed. Zimbabwe is battling foreign currency shortages and this has resulted in a crippling liquidity crisis. Bitcoin has emerged as a popular store of value and the Golix exchange platform for bitcoin in Zimbabwe says it handled bitcoin transactions worth $1 million during the month of October 2017.

Is China Planning to Resume Bitcoin and Cryptocurrency Trading Soon?

CNLedger, a trusted news source within the Chinese cryptocurrency industry, has revealed that OKEX will soon launch peer-to-peer (P2P) over-the-counter (OTC) bitcoin-to-fiat trading platform. “More OkEx (and likely, Huobi-Pro) will soon launch P2P bitcoin tradings with various fiat currency support,” CNLedger reported.

Hong Kong Bitcoin Exchange OKEx to Open SegWit2x Futures Market

Bitcoin exchange OKEx has announced it will join Bitfinex in opening a futures market to enable traders to speculate on the outcome of the SegWit2x hard fork scheduled for November. Notably, the exchange states that it will list the original chain as BTC, regardless of the fork’s outcome. The Hong Kong-based exchange made the announcement in a blog post, stating that it will open a SegWit2x futures market on October 17 as a way to provide support for “all major Bitcoin technical development roadmaps” and respect their customers’ individual wishes.

Chinese Traders Continue Investments in Bitcoin With a Huge Premium

Despite the Chinese government’s crackdown on initial coin offerings (ICOs) and cryptocurrency exchanges, local traders have invested in Bitcoin with a huge premium during its recent rally. As Cryptocoinsnews previously reported, the Bitcoin price achieved a new all-time high at $5,920 last week, moving closer to the $6,000 region. Analysts including billionaire hedge fund investor Mike Novogratz predicted the Bitcoin price to surge even further in the mid-term, as an increasing number of institutional investors engage in cryptocurrency and Bitcoin trading.

ProShares Files for Bitcoin ETF; Will the SEC Change Its Hostile Stance?

ProShares has thrown its hat into the ring to become the first exchange-traded fund (ETF) provider to receive approval from the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin ETF. ProShares Files for Two Bitcoin ETFs As revealed in a filing registered with the SEC on September 27, ProShares is applying to list two Bitcoin ETFs on the NYSE Arca trading platform.