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Here Are All the Ways You Can Buy, Trade, and Invest in Bitcoin
FinTech
Bitcoin trading got a bit easier this week for the average retail investor when Cboe Global Markets Inc (NASDAQ: CBOE) launched bitcoin futures trading for the first time. Trading bitcoin may still not be as simple as trading most stocks, but it has made huge strides toward becoming a mainstream investment in 2017. Here’s a look at all the ways
Fintech Association of Hong Kong Publishes ICO Best Practices
FinTech
With Initial Coin Offerings surging past $4 billion, the Fintech Association of Hong Kong has published guidelines to help firms run potentially-successful token sales in the former colony. The paper (PDF)– which was written in conjunction with the Hong Kong fintech community – aims to provide “insights and suggested general practices” for those thinking about doing a token sale, and
Coinbase is Now Urging People to Invest Responsibly in Cryptocurrency
FinTech
As the bitcoin fever keeps getting hotter, the chief executive of one of the world's largest cryptocurrency exchanges is calling on people to invest responsibly. Brian Armstrong, CEO of Coinbase, addressed the "extreme volatility" of the cryptocurrency market in a Medium post last week, also acknowledging that the growing interest in the crypto space "can cause stress on our systems."
SEC Warnings on ICOs Fall on Deaf Ears
FinTech
Mirroring the surging price of bitcoin, which continues to climb despite bubble warnings from some of the biggest names in finance, the wave of initial coin offerings (ICO) continues to gain strength despite the Securities and Exchange Commission's warnings about its potential risks. In fact, proceeds from ICOs have surpassed $4 billion this year, according to Bloomberg. Citing data from
What is a Blockchain And What Does it Do?
FinTech
Cryptocurrencies are one of the hottest investments of 2017. The excitement surrounding cryptocurrencies has more to do with the underlying technology that powers them than the idea of a digital currency. After all, credit cards, checks and wire transfers have transferred cash digitally for decades. What Is Blockchain? Bitcoin and other cryptocurrencies are powered by a system known as the
Report: South Korea Calls Emergency Meeting, May Apply Capital Gains Tax on Crypto Trading
FinTech
Not long after it outlawed ICOs, the South Korean government is reportedly mulling capital gains tax on all crypto trading. Reuters: South Korea on Wednesday said it will consider taxing capital gains from trading of virtual coins, a government statement obtained by Reuters ahead of an official release showed. The government may also ban minors from opening accounts on digital
In Defense of Net Neutrality, Internet Pioneers Accuse FCC of Not Understanding Tech
FinTech
On Thursday, the FCC will vote to eliminate regulations that prohibit internet service providers from blocking, slowing, or speeding up the delivery of data based on business relationships they have with the content providers. Having failed to sway the agency to change course, opponents are making a last-ditch effort to save neutrality by asking Congress to intervene—at least delaying the vote
Bitcoin Futures Rise on First Day of Trading; Platform Crashes From Heavy Traffic
FinTech
Bitcoin futures surged on the first day of trading for one of two highly anticipated exchanges, but heavy traffic caused the platform to experience temporary outages, as the Wall Street Journal reports. CBOE Global markets opened for trading on Sunday at 6 p.m. Eastern Standard Time, as the "bitcoin contract expiring in January opened at $15,000 and rose to $16,660
An App That Let's You Buy Cryptocurrency is the Most Downloaded Free App in Apple's U.S. Store
FinTech
An app that allows its users to buy cryptocurrency became the most downloaded free app in Apple's U.S. App store on Thursday, as TechCrunch reports. The app belongs to Coinbase - "arguably the world’s best-known exchange for converting fiat into crypto," according to TechCrunch. The app's rise to the top of Apple's list came as bitcoin surpassed $17,000 - and
Tesla Developing its Own AI Chip; Analyst Says Chipmakers Could Gain Manufacturing Contracts
FinTech
What Happened Tesla Inc (NASDAQ: TSLA) CEO Elon Musk confirmed Thursday that the company was developing its own artificial intelligence chip for self-driving vehicles led by former Apple Inc. (NASDAQ: AAPL) and Advanced Micro Devices, Inc. (NASDAQ: AMD) engineer Jim Keller, according to Electrek. Investors on Twitter suggested the report could be “really bad” or “awful news” for NVIDIA Corporation