Bitcoin surges more than $1,000 after a painful slide

Bitcoin surged on Monday, recovering more than $ 1,000 after losing almost a third of its value in less than four days as traders bought back into the volatile cryptocurrency. Bitcoin tumbled as low as $ 5,555 on the Luxembourg-based Bitstamp exchange on Sunday, a slide of almost 30 percent from a record high just shy of… bitcoins | New York Post

"Bitcoin surges more than $1,000 after a painful slide"

Bitcoin surges more than $1,000 after a painful slide

Bitcoin surged on Monday, recovering more than $ 1,000 after losing almost a third of its value in less than four days as traders bought back into the volatile cryptocurrency. Bitcoin tumbled as low as $ 5,555 on the Luxembourg-based Bitstamp exchange on Sunday, a slide of almost 30 percent from a record high just shy of… bitcoins | New York Post

"Bitcoin surges more than $1,000 after a painful slide"

Cryptocurrencies now worth more than Goldman and Morgan Stanley combined

The aggregate value of all cryptocurrencies hit a record high of around $ 184 billion on Wednesday, according to industry website Coinmarketcap, making their reported market value worth around the same as that of Goldman Sachs and Morgan Stanley combined. The new peak came as the biggest and best-known cryptocurrency, bitcoin, hit a record high of… bitcoins | New York Post

"Cryptocurrencies now worth more than Goldman and Morgan Stanley combined"

More Bitcoin regulations are coming

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"