CFTC chairman Christopher Giancarlo.REUTERS/Joshua RobertsUS Commodities and Futures Trading Commission warns about cryptocurrency "pump and dump" scams.Fellow regulators the SEC and FINRA have both also warned against the schemes.Business Insider was the first to highlight the prevalence of these "Wolf of Wall Street"-style scams in the market. LONDON...
The UK says Russia was behind the huge NotPetya ransomware attack In a rare example of directly attributing blame, the British government says Russia orchestrated the massive cyberattack in 2017. Back story: Last summer a new breed of ransomware, dubbed NotPetya and based on a Windows flaw leaked from the NSA, held… Read...
Tom Goldenberg is chief technology officer at Commandiv, a combined stock and crypto trading platform providing investors with automated trade recommendations and rebalancing tools. The New York Times economist Paul Krugman keeps bashing bitcoin. Why would you trade such a volatile asset, he asks, if it lacks fundamentals?"So, bitcoin just lost...
Salon wants use visitors' CPU power to mine crypto in exchange for an ad-free visit <!-- --> ONLINE MAGAZINE Salon is jumping onboard the cryptocurrency bandwagon by offering its readers the option to allow it to run a crypto miner in exchange for an ad-free experience. Users...
Veerathai Santiprabhob, governor of the central Bank of Thailand, has asked all banks in Thailand to stay away from cryptocurrency, Reuters reported yesterday, Feb. 13.According to Reuters, the central bank released a circular Monday that bans banks in Thailand from investing and trading in crypto, as well...
Price manipulation in the cryptocurrency space is "unavoidable" but will disappear once the market has matured, the head of cryptocurrency firm NEM said Tuesday. "Price manipulation is not something new. You see it in mainstream markets as well. We are in a very nascent, growing phase of our industry...
China's state-owned news agency appears to be stepping up rhetoric on over-the-counter (OTC) crypto trading and overseas initial coin offerings (ICOs), calling the blockchain use cases attempts to bypass domestic regulation.In a news report published Feb. 12, the Xinhua News Agency detailed how purchasing cryptocurrency assets through OTC channels...
iStock.com/IaremenkoWhy the Crypto Market Crashed So DrasticallyCryptocurrencies have emerged as the most sought-after investments of our age. Everyone wants to get on this gravy train. What’s frightening, however, is that fickle speculators have taken the wheel, while serious investors have taken the backseat. Volatility reigns supreme in this...
Markets Insider Bitcoin up 8% on Monday morning, other cryptos rallying ...
For bitcoin and other cryptocurrencies to become a viable money option of the future, they need to address two major shortcomings: convenience and volatility. That’s according to economists Michael...