As bitcoin rebounds from previous losses and currently trades at an all-time high, a British cryptocurrency exchange is launching a Visa card that will allow users to spend their bitcoin savings. London Block Exchange (LBX), a newly-launched website plans to launch a spending card in the com [...]
Cryptocurrencies are the latest generation currencies. They are digital or virtual currencies designed to work as a medium of exchange and use cryptography for security. Bitcoin is the first cryptocurrency to capture public attention launched in 2009 and since then, it has boomied on the global market. At the start of the year, the total value of Bitcoin was only $15 billion but it is now close to $100 million, bigger than U.S. investment bank Morgan Stanley. Bitcoin has been on a rollercoaster ride this year as it reached extreme limits and there was no stopping, it kept crawling its way higher on the cryptocurrency market.
CME, the world’s largest derivatives exchange, last week announced that it would launch the futures contract of bitcoin, thus allowing investors to short-sell bitcoins. In this aspect, Leo Melamed, Chairman Emeritus of CME Group said he expected major investors to take part in bitcoin futu [...]
Bitcoin started the week on a bearish note as it edged lower by 2.12 percent to trade at $5,764.9 from its recent session high of $6,020. Bitcoin gold, the newly created cryptocurrency, fell by more than 80 percent to an all-time high of $108.30 on Monday. According to cryptocurrency experts [...]
After reaching just below $5,000 in early September this year that was then a record high, Bitcoin lost about a third of its value in less than two weeks. However, since then, it almost doubled to new heights and successfully reached its all-time high of $6,100 on Saturday October 21, just [...]