Following a wild April, Bitcoin prices have retreated into a more moderate trading range in April and May. An interesting story which we and much of the FX brokerage world has been watching lately.... Bitcoin prices have stopped (at least for now) their wild roller coaster ride of up 100% one day and down 60%…
Read moreBitcoin prices and volumes on Mt Gox showed very strange patterns at a normally slow time. Another reason why FX brokers are still generally reluctant to add Bitcoin trading... Coinsetter Blog pointed out a very interesting phenomenon, whereby it questioned whether Bitcoin prices were being manipulated this past Sunday, June 2. After several weeks of relative stability…
Read morePayment processor Liberty Mutual owner Arthur Budovsky arrested in Spain in a money laundering investigation. Things keep getting murkier in Bitcoin land. After the US government froze a mobile payments account associated with leading Bitcoin exchange Mt. Gox, and the CFTC indicated it is looking at regulating Bitcoin trading, now comes word that payment processor Liberty Mutual has been shut down,…
Read moreFounders Fund, run by PayPal co-founder Peter Thiel, leads venture financing round for Bitcoin PSP company BitPay. Payment Service Provider (PSP) company BitPay, which bills itself as "the world leader in Bitcoin business solutions", has announced that it has raised a further $2 million financing round led by venture capital investor Founders Fund. It sounds…
Read moreAs Bitcoin trading gains traction and more firms in the US want to offer products, regulatory bodies enter the mix. Courtesy of our friends at CFTCLaw.com..... The CFTC is now considering whether or not Bitcoin falls under its regulatory scope. Bart Chilton, Commissioner of the CFTC, was quoted in the Financial Times that Bitcoin “is for sure…
Read moreCoinLab takes Mt. Gox to Court for $75 million as the race to lead the Bitcoin revolution heats up. In February a joint venture between leading Bitcoin exchange Mt. Gox, and CoinLab -- which bills itself as the first U.S. venture-backed Bitcoin company -- was announced. The plan was for CoinLab to take over Mt. Gox’s Bitcoin operations…
Read moreThe credibility boost Bitcoin has been looking for could be around the corner thanks to major e-tailers eBay and Amazon. In an interview with the Wall Street Journal, eBay CEO John Donahoe stated that they are exploring ways to integrate Bitcoin into the PayPal payments network -- i.e. allow people to send and accept Bitcoin payments on…
Read moreLeverage limited to 4x. Plus500 joins IG as the only 'real' online brokers offering leveraged Bitcoin trading. After we reported last week that IG Group became the first online broker to offer binary options trading on Bitcoin, now comes word that Plus500, a medium-sized UK-based Forex broker, is becoming the first Forex broker to offer…
Read moreInitially only binary bets on Bitcoin will be allowed. Will more Binary Options brokerages soon follow? IG Group, the largest UK spreadbetting company, is now offering Bitcoin binary options tradiing to their clients with an expiration of 31 May -- those who go long will "win" a specified amount if Bitcoins end up higher on…
Read moreCameron and Tyler Winklevoss have poured their Facebook fortune into Bitcoins. Reports have surfaced that Cameron and Tyler Winklevoss, better known as the Winklevoss Twins or simply as the 'Winklevii' (thanks to Homer Simpson) have come to own a whopping 1% of all the Bitcoins on the market, worth in the neighborhood of $15 million.…
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