TOPICS
BITCOIN

US woman charged with using Bitcoin to finance ISIS

Friday, 15 December 2017

US prosecutors have charged a New York woman with using Bitcoin and other crypto-currencies to send funds to the ISIS group.Zoobia Shahnaz, 27, was arrested at her Long Island home on Thursday for sending over $150,000 through shell accounts in China, Pakistan and Turkey to benefit ISIS extremists.Much of the money came from bank loans and credit cards, the Justice Department said. With that, she bought $62,000 worth of Bitcoin and other cryptocurrencies, which can offer owners anonymity in ...

EU agrees clampdown on Bitcoin platforms to tackle money laundering

Friday, 15 December 2017

European Union states and legislators agreed on Friday on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, the EU said in a statement. The agreement is part of a broader set of measures to tackle financial crimes and tax evasion. EU legislators also backed stricter controls on pre-paid cards, and raised transparency requirements for the owners of trusts and companies. “Today’s agreement will bring ...

Bitcoin hits new record high as warnings grow louder

Friday, 15 December 2017

Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument. The cryptocurrency’s staggering recent price rises -- more than 1,700 percent since the start of the year -- have driven worries that the market is a bubble that could burst in spectacular fashion. Bitcoin has climbed almost 80 percent so far in December alone, putting it on ...

Japanese company to pay part of salaries in bitcoin

Friday, 15 December 2017

A Japanese company will start paying part of its employees’ salaries in Bitcoin, as it aims to get better understanding of the virtual currency, a spokeswoman said on Friday.GMO Internet, which operates a range of web-related businesses including finance, online advertising and internet infrastructure, will start paying up to 100,000 yen ($890) monthly by Bitcoin to its employees in Japan from February next year.“Employees can receive salaries by Bitcoin if they want to,” ...

India’s tax department considers tax on virtual currencies

Wednesday, 13 December 2017

India’s federal tax authority is investigating bitcoin exchanges to try and find a way to tax transactions, an official said on Wednesday, even as its central bank has warned against dealing in virtual currencies. Thousands of transactions are taking place every day in unregulated cryptocurrency exchanges and the Income Tax Department has launched surveys in the cities of Delhi, Mumbai, Pune, Bengaluru and Hyderabad, spokeswoman Surbhi Ahluwalia said. “We are looking at collecting ...

Bitcoin: Is it the future of currency?

Monday, 11 December 2017

From the time I start writing this article to the time I finish it, the fluctuating price of the digital currency ‘bitcoin’ would have most likely risen or fallen appreciably. How does this digital currency work, and from where has it emerged? It is said that it was started by an anonymous group with a Japanese name in 2007, who set the standards and computing algorithms for its “production”. I will leave the details about its founding and focus now on the question as to ...

Rashid bin Mohammed Al-Fawzan

Bitcoin makes muted stock exchange debut at $15,000

Monday, 11 December 2017

Cryptocurrency Bitcoin made its debut on a major bourse Sunday, opening at $15,000 per unit at the Chicago board options exchange.Around 23:20 GMT, the price of the currency had risen to $15,940 dollars on a futures contract scheduled for settlement on January 17 according to data provided by the Chicago board options exchange (Cboe).A futures contract is a financial product that allows investors to bet on whether the currency’s price will rise or fall.It is the first opportunity for ...

Australia bourse to use blockchain in ‘world-first’

Friday, 8 December 2017

Australia’s main stock exchange has said it will use blockchain, the technology behind cryptocurrency bitcoin, to process its equities transactions in a shift touted as a world-first for a major financial institution.The Australian Securities Exchange (ASX), the eighth-largest sharemarket in the world, will replace its current system CHESS with the distributed ledger technology to manage the clearing and settlement for buying and selling stocks.ASX chief executive Dominic Stevens said the ...

Bitcoin surges above $15,000 after climbing $2,000 in 12 hours

Thursday, 7 December 2017

Bitcoin rocketed above $15,000 for the first time on Thursday, after adding more than $2,000 to its price in fewer than 12 hours. Bitcoin, the world’s biggest and best-known cryptocurrency, has seen a more than fifteenfold surge in its value since the start of the year. It climbed to as high as $15,344 on the Luxembourg-based Bitstamp exchange around 1420 GMT, leaving it up more than 12 percent on the day, having traded just above $13,000 12 hours earlier. Many market-watchers said the ...

Bitcoin miner NiceHash reports hack, theft of its ‘wallet’

Thursday, 7 December 2017

The bitcoin miner NiceHash says it is investigating a security breach and the theft of the contents of the NiceHash “bitcoin wallet.”The company said Thursday in a statement posted on its website that it had stopped operations and was working to verify how many bitcoins were taken.Troubles with the website over the past day or so drew alarm and complaints, with many bitcoin owners posting panicked comments on NiceHash’s social media accounts.The price of bitcoin has surged to ...

1 2 3
Top
BREAKING NEWS
How are we doing?
X

How are we doing?

Name Name *
Email Email *
Country Country
Message Message *
Maximum 550 words allowed