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'Nightmare': Bitcoin enthusiasts react to digital currency's tumble Sentiment among bitcoin enthusiasts on online message boards has turned from broadly bullish to wary overnight as prices have dropped deep into a bear market, hours after shares in a drinks maker rocketed 500 per cent after it inserted 'blockchain' into its name. Earlier this month, fastFT endeavoured ...
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Belarus adopts crypto-currency law to woo foreign investors MINSK, Dec 22 (Reuters) - Belarus has legalised transactions in crypto-currencies, part of a drive to foster private sector growth and attract foreign investment by liberalising parts of its Soviet-style economy. President Alexander Lukashenko signed a decree on the move on Thursday, his press service ...
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Bitcoin Price Drops Below $14000 as Cryptocurrency Competition Heats Up While CME and its rival Cboe Global Markets move to list bitcoin futures has given the digital currency some perceived legitimacy, some policymakers remain skeptical. South Korea's Financial Supervisory Service said on Tuesday it does not consider bitcoin and other cryptocurrencies to be currencies ... Bitcoin, Ethereum and other major cryptocurrencies slip while Ripple briefly surges to third place - CNBC
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RBZ warns against virtual currency The central bank, however, said virtual currency, which is defined by the Financial Action Task Force, as "a digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account or a store of value, but does not have legal tender status," was not a safe way of ...
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Get own currency, US tells Zim THE United States government says it is ready to work with President Emmerson Mnangagwa's administration, but has encouraged Zimbabwe to stop relying on the US dollar and instead introduce its own currency. Wongai Zhangazha. Acting Assistant Secretary for African Affairs Don Yamamoto told the ...
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Foreign currency rates fall Economic analyst Francis Mukora said the decline in foreign currency rates on the black market could be attributed to the fact that most South African industries and wholesalers have closed for their annual shutdown. What this means is that there will be no demand for foreign currency since no one will ...
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Shilling weathers turbulent year for African currencies The shilling has been relatively stable this year, trading in the 102.50-104.00 band against the dollar, supported by the CBK open market operations. The currency has had a bumpy ride this year marked by uncertain political environment that saw prolonged electioneering. Analysts expect the central ...
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Digital Currency: from Bitcoin (BTC) To Ripple (XRP) The price of digital currency Bitcoin dropped below 15K in just one day. The US Securities and Exchange Commission (SEC), as quoted by CNBC, temporarily suspended the cryptocurrency trade. Termination was fueled by fears of manipulation, following a small company called Future FinTech that had ...
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New Tax Law Closes Bitcoin Loophole For law-abiding investors, however, the process of reporting digital currency profits—which are taxed as ordinary income in the short term and as capital gains in the long term—will be arduous since Bitcoin exchanges have yet to provide customers with a 1099 form. These forms, which are used by ...
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EM ASIA FX-Most Asian currencies barely move ahead of Christmas holidays (Adds text, updates prices) By Chandini Monnappa Dec 22 (Reuters) - Most emerging Asian currencies made small moves on Friday, in thin trade, as investors avoided sizable bets ahead of the holiday weekend, while the U.S dollar inched up marginally. The dollar index, which gauges the U.S. ...
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