European Union states and
legislators agreed on Friday on stricter rules to prevent money
laundering and terrorism financing on exchange platforms for
bitcoin and other virtual currencies, the EU said in a
Mexico's finance ministry
and central bank warned on Wednesday that cryptocurrencies were
risky investments and said fundraising programs known as initial
coin offerings (ICOs) could potentially violate Mexican
India's federal tax authority
is investigating bitcoin exchanges to try and find a way to tax
transactions, an official said on Wednesday, even as its central
bank has warned against dealing in virtual currencies.
South Korea said on Wednesday it
may tax capital gains from cryptocurrency trading as global
regulators worried about a bubble, with Australia's central bank
chief warning of a 'speculative mania" that has seen the digital
asset making rip-roaring gains.
The Seoul-based operator of the
world's busiest virtual currency exchange Bithumb said on
Tuesday it will fully comply with potential regulations from the
South Korean government and adequately capitalize itself to
protect its clients.
Investors looking for the U.S.
Republican tax bill to prompt multinational companies to convert
foreign profits into dollars and end the worst slide in the
greenback in a decade may have to temper their hopes for a
Bitcoin dipped back under $11,000
on Monday, coming off a record high just shy of $11,800 it hit
on Sunday after a surge from less than $1,000 at the start of
Bitcoin zoomed past
$11,000 to hit a record high for the sixth day in a row on
Wednesday after gaining more than $1,000 in just 12 hours,
stoking concerns that a rapidly swelling bubble could be set to
burst in spectacular fashion.
With bond yields set to rise and
shares already trading at expensive prices, there is little
upside left in equity markets, France's Societe Generale said on
Thursday in its 2018 outlook.
Investors poured a record $1.3
billion into funds managing tech shares over the past week,
contrasting with a picture of ebbing inflow into world equity
vehicles and losses on U.S. stock funds, Bank of America Merrill
Lynch (BAML) said on Friday.
The surging price of
cryptocurrencies in global markets is catching the eye not just
of ordinary retail investors but a cybercrime gang with links to
the North Korean government, according to cyber researchers
tracing the group's activities.
As bitcoin raced to
another record high on Tuesday, one of the biggest providers of
digital currency wallets, Coinbase, went down under the weight
of traffic, leaving many of its more than 10 million customers
unable to access their funds.
A decade-long, post-financial
crisis deterioration in governments' credit ratings looks set to
end in 2018, S&P Global said on Wednesday.
Virtual currency bitcoin hit
another all-time peak on Tuesday, two days after the launch of
the first ever bitcoin futures on a U.S. exchange and ahead of
the start of another futures contract next week, as investors
grew optimistic that the $20,000-mark is within reach.
The European Union needs to
consider regulating bitcoin, European Central Bank ratesetter
Ewald Nowotny said on Monday, citing the risk of money
Bitcoin rocketed to a
lifetime high just shy of $16,000 on Thursday after climbing
some 60 percent in just over a week, intensifying the debate
about whether the cryptocurrency is in a bubble about to burst.
Britain wants to increase
regulation of Bitcoin and other digital currencies by expanding
the reach of European Union anti-money-laundering rules that
force traders to disclose their identities and report suspicious
Virtual currency bitcoin rose
to an all-time high above $10,000 on trading platform BitStamp
Investors pulled $6.8 billion
from high yield bond funds over the past week, their third
largest outflows on record, Bank of America Merrill Lynch (BAML)
said on Friday, as the sell off in junk debt accelerated.
Investors shovelled $3.4 billion
into Japanese stocks, the biggest inflows in seven weeks, data
from Bank of America Merrill Lynch (BAML) showed on Friday, as
they looked for a pick-up in domestic demand and prospects for
an expansionist budget.
A South Korean blockchain
association announced on Friday measures to boost transparency
in trading of cryptocurrencies, agreed by 14 exchanges in the
country including the world's busiest virtual currency exchange,
Germany is carefully monitoring
the impact of cryptocurrencies on markets, a finance ministry
spokesman said on Wednesday, as bitcoin surged and
the futures of the best known cryptocurrency made their world
debut on a U.S. stock exchange.
Japan's army of retail investors,
no strangers to high risk bets in the past, have emerged as a
major force in bitcoin's spectacular rally, now accounting for
an estimated 30-50 percent of trading in the cryptocurrency as
it spikes to record highs.
Israel's markets regulator
said on Tuesday bitcoin-based companies would not be included in
any indexes on the Tel Aviv Stock Exchange (TASE) but that does
not mean they should be banned from trading.
Bitcoin lost almost a
fifth of its value in 10 hours on Friday, having surged more
than 40 percent in the preceding 48 hours, sparking fears the
market may be heading for a price collapse.
In a hectic day on Thursday, bitcoin leapt from below
$16,000 to $19,500 in less than an hour on the U.S.-b Full story
Bitcoin extended its rally
on Wednesday, breaking above $13,000 to a record high despite
questions about the cryptocurrency's real value and worries
about a dangerous bubble.
The main U.S. derivatives
regulator said on Friday it would allow CME Group Inc
and CBOE Global Markets Inc to list bitcoin futures
contracts, opening the door to added regulation and more
mainstream adoption of the cryptocurrency.
Bitcoin soared to an all-time
high above $10,000 on Tuesday in some smaller exchanges and
digital currency indexes, but remained just below that milestone
in major trading platforms such as Luxembourg-based BitStamp and
Asia's November jet regrade, the relative strength of jet fuel
prices versus gasoil, slipped on Friday but remained near multi-month highs seen in the previous
The November jet regrade slipped to $1.51 a barrel on Friday, down from $1.58 a barrel on
Thursday, its highest since May 2016 Full story