Bitcoin’s price tumbled Friday following an intensified call from Chinese authorities to crack down on mining and trading of the cryptocurrency. Chinese Vice Premier Liu He and the State Council said in a statement that tighter regulation is needed to protect the financial system. The statement, released late Friday in China, said it is necessary […] Read more
Cryptocurrency exchange Coinbase will go public on Wednesday via a direct listing that’s expected to value the start-up at more than $90 billion when it starts trading this afternoon under the stock ticker “COIN”. But when Coinbase first launched nine years ago, it hired its very first employee after receiving an enthusiastic, but “annoyingly long” cold email. And the […] Read more
Bitcoin’s breakout might be short-lived, according to one strategist. The cryptocurrency gained nearly 2% on Tuesday, helped in part by PayPal rolling out crypto-friendly online checkout services at millions of its global partners. “I think most of these things are very gimmicky right now,” Boris Schlossberg, managing director of FX strategy at BK Asset Management, said Tuesday on“Trading Nation.” […] Read more
