News | Latest Breaking News Stories & Headlines

Bitcoin slid more than 26% last month, in its worst monthly performance since January 2015

Bitcoin skids to two-month low after Facebook ad ban

Bitcoin, the world's largest cryptocurrency, skidded 11% today to its lowest since late November, as a Facebook ban on cryptocurrency adverts and a growing regulatory backlash against the nascent market frightened investors.

Business • 01 Feb 18

IMF chief Christine Lagarde and US Treasury Secretary Steven Mnuchin discuss bitcoin at Davos

US says illicit activity is top cryptocurrency concern

Washington's main concern about the rise of cryptocurrencies is to make sure they are not used for illicit activity, US Treasury Secretary Steven Mnuchin said today in Davos.

Business • 25 Jan 18

The ban is designed to stop virtual coins from being used for money laundering and other crimes

South Korea announces crypto-currency crackdown

South Korea is to ban the use of anonymous bank accounts in crypto-currency trading from 30 January.

Business • 23 Jan 18

Bitcoin has fallen to half its record peak of almost $20,000 in recent days on fears that regulators could seek to curb speculation

France, Germany to make bitcoin regulation proposal

France and Germany will make joint proposals to regulate the bitcoin cryptocurrency at the next summit of the G20 group of major economies in Argentina in March, French Finance Minister Bruno Le Maire has said.

Business • 19 Jan 18

Investors were spooked by fears that regulators might clamp down on Bitcoin, whose value has skyrocketed in the past year

Bitcoin slumps to $10,000 after losing half its value

Bitcoin skidded a further 12% today, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year.

Business • 17 Jan 18

Bitcoin had been trading at over $20,000 near the end of last year

Bitcoin slumps as fears grow about regulation

Bitcoin, the best known of hundreds of 'virtual' coins, has slumped to a six-week low below $12,000 as analysts blamed a rush by various jurisdictions to regulate the sector.

Technology • 16 Jan 18

Bitcoin's slide has triggered a selloff across the broader cryptocurrency market

Bitcoin, cryptocurrencies plunge on crackdown fears

Bitcoin slid as much as 18% today to a four-week low, as fears of a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies.

Business • 16 Jan 18

The local price of bitcoin plunged as much as 21% in midday trade to 18.3 million won ($17,064.53) after the minister's comments

South Korea plans to ban cryptocurrency trading

South Korea's government has said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.

Business • 11 Jan 18

Experts say China is one of the world's biggest sources of bitcoin mining, where miners solve complex mathematical puzzles with computers in order to be awarded virtual coins

Chinese bitcoin mining giant sets up Swiss subsidiary

Chinese bitcoin mining giant Bitmain Technologies is expanding to Switzerland in a move that will be key to widening its reach, the group told a Swiss newspaper.

Business • 10 Jan 18

Warren Buffett predicts that cryptocurrencies 'will come to a bad end'

Buffett says he will never invest in cryptocurrencies

Berkshire Hathaway's Warren Buffett said today he will never invest in cryptocurrencies.

Business • 10 Jan 18

Banker Jamie Dimon says he is still not interested in bitcoin

JPMorgan's Dimon regrets calling bitcoin a 'fraud'

JPMorgan's chief executive Jamie Dimon regrets calling bitcoin a 'fraud' but added that he still is not interested in the cryptocurrency at all.

Business • 09 Jan 18

Bitcoin prices have plunged by almost 40% from a record high of $19,500 this month

India joins countries warning over crypto-currencies

India has warned against investing in crypto-currencies including bitcoin, likening them to "Ponzi schemes", as it became the latest country to urge caution.

World • 29 Dec 17

About one million South Koreans, many of them small-time investors, are estimated to own bitcoin

Bitcoin down as S Korea plans crypto-currency crackdown

Bitcoin fell 11.6% this morning after South Korea announced it would ban anonymous trading of virtual currencies and crack down on money-laundering activities using them, amid growing fears of a bubble over crypto-currencies.

World • 28 Dec 17

The cryptocurrency, which was at about $1,000 at the year's start, had surged to a record high of $19,666 on Sunday in the lead-up to exchange giant CME Group's launch of its bitcoin futures

Bitcoin slips below $14,000, down 30% from record peak

Cryptocurrency bitcoin tumbled below $14,000 briefly on the Bitstamp exchange this morning, down roughly 30% from its record top near $20,000 set at the start of the week.

Business • 22 Dec 17

Japan's GM Internet started a Bitcoin trading and exchange business in May

Japan firm says it will pay part of salaries in Bitcoin

A Japanese company will start paying part of its employees' salaries in Bitcoin, as it aims to get better understanding of the virtual currency.

Business • 15 Dec 17

Gyrations of 10-30% in a single day is quite common in bitcoin

Bitcoin fascination is 'speculative mania'

The fascination with virtual currencies feels more like a "speculative mania", the head of Australia's central bank has said, just days after the launch of the world's first bitcoin futures.

Business • 13 Dec 17

Bitcoin registered a nearly 20-fold increase in its price for the year as it drew in millions of new investors yesterday

Bitcoin slips to around $16,300, futures volumes drop

Virtual currency bitcoin dipped slightly from the previous session's record highs today, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend.

Business • 12 Dec 17

Bitcoin backers hope the launch of futures will encourage wider use and legitimacy for the world's largest cryptocurrency

Keenly anticipated bitcoin futures ease off after surge

Bitcoin futures eased back from an initial surge of almost 22% to trade 13% higher, in an eagerly awaited US market debut that backers hope will confer greater legitimacy on the cryptocurrency.

Business • 11 Dec 17

The ASX is the eighth-largest sharemarket in the world.

Australia exchange to use blockchain in 'world-first'

Australia's main stock exchange has said it will use blockchain, the technology behind cryptocurrency bitcoin, to process its equities transactions in a shift touted as a world-first for a major financial institution.

Business • 08 Dec 17

The first bitcoin future trades is due to kick off on Sunday evening

Bitcoin surges above $15,000, almost hits $16,000

Bitcoin fans are salivating over the potential of long-awaited legitimacy for the cyptocurrency when futures trading launches this weekend.

Business • 07 Dec 17

Bitcoin's meteoric ascent from below $1,000 at the start of the year has drawn regulatory scrutiny around the world

Bitcoin surges above $12,000 on relentless demand

Bitcoin extended its strong rally this morning, breaking above $12,000 to a record high despite questions about the cryptocurrency's real value and worries about a dangerous bubble.

Business • 06 Dec 17

Bitcoin is down 15% from its all time high reached earlier this week

Bitcoin could threaten financial stability - Fed

A chief Federal Reserve banking oversight official has said that digital currencies like bitcoin could pose a threat to financial stability as they gain wider use.

Business • 01 Dec 17