Google Alert - Currency

Google
Currency
As-it-happens update December 15, 2017
NEWS
The proposed legal interpretation issued by the Commodity Futures Trading Commission (CFTC) should ultimately see more virtual currency operators come under the CFTC's direct oversight. It is likely to lead to a flurry of enforcement actions against operators that may be putting investors at risk.
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Bitcoin's market cap crossed $300 billion on Friday ahead of the launch of futures contracts on U.S. derivatives exchange CME. As a result of this rally, bitcoin is now the world's 15th most valuable liquid currency, as measured by the M1 narrow money supply.
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And he slammed the currency as a "huge, gigantic" scam as he warned potential investors to stay away or risk losing everything. The former stockbroker, whose market manipulation in the 1990s became subject of the 2013 film starring Leonardo di Caprio, said: "Promoters are perpetuating a massive ...
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Under IFRS, businesses can handle virtual currencies on a case-by-case basis depending on the nature of their operations and need not use market value as a yardstick. In fact, volatility in virtual currency prices would expose companies using this measure to a high margin of error in their earnings.
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Bitcoin-related stocks, often seen as a safer bet than the volatile cryptocurrency, have outperformed the digital token since Monday, after a dose of optimism brought on by its futures debut on the Cboe exchange spurred a crypto feeding frenzy. The Bitcoin Investment Trust surged 54 percent this week, ...
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