Bitcoin is on track to recoup losses from its weekend crash thanks to signs that the civil war tearing the cryptocurrency community apart may soon reach resolution. Bitcoin tanked 20%, below $ 1,800 per coin over the weekend, but is now trading at around $ 2,300. According to reporting by Bloomberg’s Yuji Nakamura, that may be because bitcoin miners are getting on board with a software created to bridge the gap between the two opposing camps in the bitcoin community. If enough miners…"Bitcoin is on a tear amid signs that its civil war is coming to an end"
This story was delivered to BI Intelligence “Fintech Briefing” subscribers. To learn more and subscribe, please click here. While most federal regulators in the US have taken a sluggish approach to cryptocurrencies, the Commodity Futures Trading Commission (CFTC) has been an exception. In September 2015, the body designated cryptocurrencies as commodities, rather than currencies. Then, in May 2016, it gave TeraExchange, a cryptocurrency clearing platform, full authorization to trade digital currency derivatives, making it the first company in the US to…"More Bitcoin regulations are coming"
Hey, it’s not like nobody could see this coming. The parabolic gains in bitcoin and digital currencies this spring have reversed course sharply in the last day. Bitcoin was down as much as 12% on Thursday, pulling down virtually every of the “altcoins” along with it. Since cresting over the $ 3,000 mark on Monday, bitcoin has fallen about 27%. By traditional capital market standards, that drop would constitute a new bear market, but bitcoin…"The Bitcoin Selloff You Knew Was Coming Has Arrived"