Bitcoin

Bitcoin Isn't Sapping Demand for Gold, Says Goldman Sachs Exec

Bitcoin Isn't Sapping Demand for Gold, Says Goldman Sachs Exec A Goldman Sachs executive has said there is “no evidence” that bitcoin’s price gains have reduced demand for gold. Amid investor concerns over the issue, Jeffrey Currie, global head of commodities research for the financial services giant, told the Financial Times this week that he believes investor pools…

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CFTC Chair: Cryptocurrencies 'Unlike Any Commodity' Agency Has Seen

CFTC Chair: Cryptocurrencies 'Unlike Any Commodity' Agency Has Seen Cryptocurrencies have proven to be a unique challenge for the Commodity Futures Trading Commission (CFTC), according to the agency’s chairman. In a statement made yesterday, J. Christopher Giancarlo, remarked on the risks posed by cryptocurrencies and initial coin offerings (ICOs). His comments were a response to Securities and…

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Bitcoin Investing: A 10,000-Year View

Bitcoin Investing: A 10,000-Year View Willy Woo is an avid cryptocurrency trader and blogger, whose work is published at Woobull.com and via Twitter at @woonomic. This article is an exclusive contribution to CoinDesk’s 2017 in Review opinion series. A few weeks back, I spoke to 1,000 fund managers, bankers and private equity folks in New York…

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No Stopping? After New High, Bitcoin Price Eyes $20k

No Stopping? After New High, Bitcoin Price Eyes $20k Bitcoin bulls look set to push prices as high as $20,000 over the next few days, according to the price chart analysis. As expected, solid dip demand around $14,000 levels seen over the weekend fueled the move to fresh record highs above $17,000 yesterday. As of…

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Crypto Fund Bitwise Raises $4 Million in VC Funding

Crypto Fund Bitwise Raises $4 Million in VC Funding Cryptocurrency investment startup Bitwise has raised $4 million in seed funding. Backing the San Francisco-based startup in the raise are investors including Kholsa Ventures’ Keith Rabois, General Catalyst’s Hemant Taneja and Blockchain Capital, as well as Naval Ravikant, Suna Said, Adam Ludwin, Adam Nash and Elad Gil,…

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2018 Will Be Another Growth Year for Blockchain

2018 Will Be Another Growth Year for Blockchain Oliver Bussmann is founder and managing partner at Bussmann Advisory, the president of not-for-profit Crypto Valley Association and former group CIO and managing director at UBS. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. 2017 was a year of tremendous growth for blockchain, though…

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Hong Kong Regulator Issues Warning on Unregulated Bitcoin Futures

Hong Kong Regulator Issues Warning on Unregulated Bitcoin Futures A Hong Kong finance regulator has published a new circular on bitcoin futures and other cryptocurrency-related investment products. The circular, released by the Securities and Futures Commission (SFC) of Hong Kong on Dec. 11, states that only licensed firms are allowed to offer such products within Hong Kong,…

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2017: The 'Butt' of Bitcoin's Joke

2017: The 'Butt' of Bitcoin's Joke David Gerard is the author of the book “Attack of the 50 Foot Blockchain” (Amazon US, Amazon UK), editor of the news blog of the same name and a contributor to crypto parody forum r/buttcoin.  The following article is an exclusive contribution to CoinDesk’s 2017 in Review. The bitcoin world…

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'According to Plan': CBOE Bullish on First Day of Bitcoin Futures Trading

'According to Plan': CBOE Bullish on First Day of Bitcoin Futures Trading The first day of bitcoin futures trading on the CBOE exchange is over and the day largely went according to plan, according to its CEO. Overall, Monday saw the price of bitcoin push above $17,000 on CoinDesk’s Bitcoin Price Index (BPI) to hit…

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Bitcoin Price Back Above $17k to Set New All-Time High

Bitcoin Price Back Above $17k to Set New All-Time High The price of bitcoin has pushed back above $17,000, hitting a new all-time high on CoinDesk’s Bitcoin Price Index (BPI). As of press time, the BPI had climbed as high as $17,382.64, beating the $17,364.56 reported previously on Dec. 7. As previously reported, that day saw…

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