Sentences with phrase «virtual currency exchange rates»

Not exact matches

In the first ever operation, French police have shut down an illegal Bitcoin exchange, and in the process seizing 328 «virtual currency units» worth around 200,00 Euros, or $ 272,800 at current exchange rates.

The confidence in Bitcoin may break as a result of unexpected changes such as: unfavorable legal regulations, banning electronic legal tenders, introducing the prohibition on trading in virtual currency in specific areas, imposing high taxes, creating competitive alternative currencies, deflation, and other factors which may significantly affect the shaping of the exchange rate of Bitcoin against other currencies.

Technically, the transaction involves in - game currency — called Linden dollars — but those virtual dollars can be readily exchanged for real ones, currently at the rate of roughly 250 to 1.

Other lawyers represent other Second Life residents in virtual transactions and are compensated with Linden dollars, the Second Life currency (there's a 1 to 270 exchange rate of Lindens to USD).

If a virtual currency is listed on an exchange and the exchange rate is established by market supply and demand, the fair market value of the virtual currency is determined by converting the virtual currency into U.S. dollars (or into another real currency which in turn can be converted into U.S. dollars) at the exchange rate, in a reasonable manner that is consistently applied.

AML / Anonymous / anti-money laundering / banks / Bitcoin / Bithumb / Coinone / conversion / Cryptocurrencies / Cryptocurrency / Digital Currency / Exchanges / Government / IBK / Investors / Kakao / Korbit / korea / korean / N - Markets and Prices / rate / real name / Regulation / shinhan / South Korea / Traders / upbit / virtual Currency / Exchanges / Government / IBK / Investors / Kakao / Korbit / korea / korean / N - Markets and Prices / rate / real name / Regulation / shinhan / South Korea / Traders / upbit / virtual currencycurrency

Just like governments and big financial institutions, have done with traditional currencies for generations, small investors are now buying virtual currencies and holding them with the expectation that they will profit from a positive exchange rate.

Bitcoin sank on Monday after website CoinMarketCap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning, resulting in a steep drop in all virtual coins they track.

Bitcoin trading is booming in Japan as yen exchange rates have stabilized, bitcoin has been volatile and the Japanese government has passed virtual currency legislation, according to the Nikkei Asian Review.

Zaif informed users about the glitch in a post on their site Tuesday, Jan. 20, explaining that for 18 minutes on Feb. 16 users accidentally found themselves able to «trade» yen for virtual currency — at an exchange rate of 0 yen per coin.