Wednesday, May 8, 2024

Bitcoin price hits $700 for the second time this year

The bitcoin price has increased by an additional $20 since our last report and is now hovering at the $700 mark. Read more: www.bitcoinist.com

Bitcoin is a ‘Material Enough Phenomenon’

The Australian Government paper is fundamentally highlighting the lack of an accounting standard by the IASB when dealing with digital currencies. Read more: www.cryptocoinsnews.com

PBoC: Bitcoin exchanges ‘can’t work without regulations’

The director of the PBoC has shared his views circulating Bitcoin after the country’s central bank’s recent regulatory inspections on bitcoin exchanges. Read more: www.cryptocoinsnews.com

Bid lodged for Bitcoin ETF On NYSE in $500m IPO

Grayscale Investments has filed to list its Bitcoin Investment Trust in a $500m initial public offering. Read more: www.cryptocoinsnews.com

Bitcoin drops 20% after $70m was stolen from Bitfinex exchange

Bitfinex, one of the most popular cryptocurrency exchanges online, has suffered a major hack. The company has posted a note on their website detailing the. Read more: techcrunch.com

ShapeShift nabs $10.4m for digital asset exchanges

Cryptocurrency exchange ShapeShift has raised $10.4m in a Series A round led by Berlin-based VC Earlybird. Read more: www.fintechroundup.com

Bitfinex takes 36% from all users to compensate for $71m hack

Hong Kong-based bitcoin exchange Bitfinex is opting to split the cost of the $71m theft it suffered last week across all of its users.

Indian bitcoin buying reaches $985

Interest in bitcoin as a store of value has never been higher in India. Demand for bitcoin is driving buyers to obtain the cryptocurrency at soaring premiums. Read more: www.cryptocoinsnews.com

Partnership enables Dash users to buy and sell cryptocurrency

Dash has partnered with Wall of Coins, a P2P bitcoin exchange, to allow users to exchange the cryptocurrency for cash at banks. Read more: www.cryptocoinsnews.com

Bitcoin exchange Gemini launches in Japan & South Korea

Bitcoin and ether exchange Gemini, founded by the Winklevoss brothers, has opened shop to users in Japan and the Republic of Korea. Read more: www.cryptocoinsnews.com

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