Sentences with phrase «trade in bitcoins as»

Nigerians must understand that adequate notice has been issued by all financial sector regulatory authorities, namely Central Bank of Nigeria, CBN and Nigerian Deposit Insurance Corporation, NDIC, to warn Nigerians who want to trade in bitcoins as gamblers.»

Not exact matches

Cryptocurrency trading saw a massive uptick in the past year as bitcoin's price skyrocketed to new highs.

The app, which costs $ 4.99, rose to the third spot in the App Store as bitcoin trading has become especially frenzied.

On its website, Verge is described as a cryptocurrency which «improves upon the Bitcoin blockchain» and uses open - source software like Tor and I2P — both of which have been used in connection to the former trading site for illicit goods, the Silk Road.

Mt. Gox subsequently shot from obscurity to dominate global trade in bitcoin, but as early as 2012 employees at the Tokyo - based exchange challenged Karpeles on issues such as whether client money was being used to cover costs.

So as a futures exchange where they're trading bitcoin futures, this presents a problem in pricing the contract.

Interactive Brokers said in a release Monday that as of 9:15 a.m., bitcoin futures trading in its accounts represented about half of Cboe's recorded volume.

GBTC bills itself as the first publicly traded security «solely invested in and deriving value from the price of bitcoin,» according to trust creator Grayscale.

Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy.

That's where trading in bitcoin futures opens Sunday evening, as the first major U.S. exchange offers a product pegged to the wildly fluctuating cryptocurrency.

Revolut launched cryptocurrency trading through its app at the end of 2017 and Storonsky said the company saw an uptick in activity but it has since trailed off as the price of bitcoin has fallen.

Goldman Sachs has also been ahead of the curve in addressing bitcoin as an investment in comparison to other trading giants.

(Bitcoin traded as low as $ 200 in early 2015, while the newer Ethereum was just $ 8 at the start of this year.)

He pointed to the CoinsharesCrypto ETF, which trades in Europe, as a leading indicator for bitcoin prices.

Even as China shutters Bitcoin exchanges and the U.S. Securities and Exchange Commission signals heavier scrutiny of initial coin offerings, clients of trading giant Goldman Sachs are still trying to get in on the cryptocurrency trade.

The fund's green light for cryptocurrency trading comes after the price of Bitcoin, which has served as a bellwether to other cryptocurrencies, has tumbled in 2018.

The end has officially come for the former Bitcoin trading heavyweight, as it files for Chapter 11 in Tokyo and admits to losing nearly half a billion U.S. dollars worth of the virtual currency.

In 2015, a San Francisco - based bitcoin options trading platform Derivabit, also known as Coinflip, was asked to cease operations by the CFTC in 2015 for failing to register with the agencIn 2015, a San Francisco - based bitcoin options trading platform Derivabit, also known as Coinflip, was asked to cease operations by the CFTC in 2015 for failing to register with the agencin 2015 for failing to register with the agency.

This is a big reversal of fortune after a terrible week for the digital currency in which the CEO of J.P. Morgan (jpm) slammed bitcoin as «a fraud» and the Chinese government ordered cryptocurrency exchanges to cease trading.

On the Luxembourg - based Bitstamp exchange, bitcoin rose as much as 17 percent at one point in mid-morning European trading.

Now the company once valued at as much as $ 95 million in market value during the peak of Bitcoin fervor last December is trading 92 % lower on less regulated and less prestigious over-the-counter markets at a value of $ 7.4 million.

After remaining just a few dollars shy of the mark at other digital currency exchanges such as Coinbase, which is headquartered in San Francisco, Bitcoin officially crossed the milestone on all trading venues just as U.S. stock markets closed Friday.

A man holds a bitcoin medal as members of a bitcoin trading club hold a meeting in Tokyo on February 27, 2014.

DRW already regularly facilitates bitcoin trades in the $ 1 to $ 5 million range with trades in the $ 20 to $ 50 range being viewed as the «gold standard» ceiling.

Just a week ago, Circle, a financial services firm specializing in Bitcoin trading, acquired Poloniex, a rival cryptocurrency exchange to Coinbase, for a price believed to be around $ 400 million, as Fortune first reported.

[Coinbase's] impenetrability has earned it a reputation as the safest place to buy Bitcoin, helping it attract more than 9 million customers who store at least $ 3 billion in cryptocurrency there, and who have traded $ 25 billion to date on its retail brokerage as well as its institutional exchange, GDAX.

Bitcoin, the largest cryptocurrency by market value, pared an advance of about 2 percent after Google's announcement, trading little changed at $ 9,099 as of 1:04 p.m. in Hong Kong.

Meanwhile, trading on margins, credit and futures of bitcoin as an underlying asset soared from $ 2 million in 2014 to $ 543 billion in 2017.

In September, the U.S. Commodity Futures Trading Commission (CFTC) said that bitcoin would be classed as a commodity in the country along with gold and oiIn September, the U.S. Commodity Futures Trading Commission (CFTC) said that bitcoin would be classed as a commodity in the country along with gold and oiin the country along with gold and oil.

In order for bitcoin to be a real currency, Adeney claims, it must be three things: easy and frictionless for trading between people, widely accepted as a legal tender for all debts (both public and private) and stable in terms of valuIn order for bitcoin to be a real currency, Adeney claims, it must be three things: easy and frictionless for trading between people, widely accepted as a legal tender for all debts (both public and private) and stable in terms of valuin terms of value.

Bitcoin, on the other hand, not only is far more volatile than both stocks and gold (as illustrated in the chart above), but trades unpredictably, even maniacally, without any relationship to other assets or even gold itself.

Left previously announced he was short the Bitcoin Investment Trust (GBTC), which is traded over the counter, rather than in a formal venue such as the New York Stock Exchange.

And in crypto news, Genesis Trading is looking to stay open 24/7 as it rides a wave sweeping up traders in one corner of the bitcoin market.

The coins offered in Monday's ICO aren't designed to be the next bitcoin, but rather to serve as tokens to use the tZero trading mechanism, which will host future ICOs, trading, and short - selling.

Fraud and manipulation involving bitcoin traded in interstate commerce are appropriately within the purview of the CFTC, as is the regulation of commodity futures tied directly to bitcoin.

Bitcoin started to dominate financial news headlines across the world again on Wednesday morning, as the cryptocurrency took off to a new record on strong momentum in early Asian trading.

Big Money Movers As signs of life from Bitcoin begin to make waves in the broader cryptocurrency market, the amount of high - volume, off - exchange trades is starting to pick up.

The Chinese government has already shut down exchanges in China, but it was recently reported to be taking even further measures against new forms of online trading as well as Bitcoin mining operations in the country.

(That said, Goldman Sachs has owned a stake in a bitcoin trading desk since 2015 as part of a $ 50 million funding round in Circle Internet Financial.)

This site has traded Bitcoin for 3D printing in the past, and recently announced they'll be accepting Litecoin as well.

The RBI's decision could deal a death blow to India - based exchanges that facilitate trade in cryptocurrencies such as bitcoin and ethereum as people won't be able to use money in their bank accounts or digital wallets to buy or sell these virtual assets.

Goldman Sachs said it would offer limited access for certain customers, but according to Bloomberg, the bank has demanded that some of its clients set aside funds equal to the full value of their bitcoin futures trades as a condition for doing the transaction, meaning Goldman is still very nervous about the potential for big losses in Bitcoin fbitcoin futures trades as a condition for doing the transaction, meaning Goldman is still very nervous about the potential for big losses in Bitcoin fBitcoin futures.

Soon afterward, South Korea's financial regulator made it difficult to trade cryptocurrencies anonymously, and trading volumes in digital money such as bitcoin BTC = BTSP promptly collapsed in what had been their busiest market.

The great bull run in the major cryptocurrencies continues, as all but two of the most valuable coins are up today, with Bitcoin and Litecoin trading...

The U.S. Commodities Futures Trading Commission classified bitcoin as a commodity in September 2015 and this year approved the first cryptocurrency options trading, clearing and settlemenTrading Commission classified bitcoin as a commodity in September 2015 and this year approved the first cryptocurrency options trading, clearing and settlementrading, clearing and settlement firm.

Still, bitcoin sells for a 20 - 30 percent premium in South Korean compared to other places, and this has spurred offshore trading to take advantage of arbitrage opportunities as South Koreans buy bitcoin overseas and sell them back home.

Certain circles have pointed towards increased Bitcoin Cash trading activity in South Korea as being a catalyst for this growth, whereas others believe it is a sign of a widespread market recovery.

South Korea, which has been lagging behind Japan in terms of bitcoin innovation, market structure and trading volume, revealed a bill that would allow bitcoin companies to operate as proper financial service providers and remittance companies.

So, for instance, if you bought Bitcoin as an investment in late 2013, when it was trading at around $ 1,000, and used it to buy a car when the currency was trading at $ 18,000, you would have a long - term capital gain of $ 17,000, explained Ryan Losi, an accountant and executive vice president at Piascik, a tax firm.

«The bitcoin price made significant gains in a trading hour today as price spiked up to nearly $ 740 on the Bitstamp Price Index (BPI), pushing towards the higher ceilings of the cryptocurrency in 2016.