article thumbnail

What happened to the bitcoin bubble?

Chris Skinner

I was interviewed by UBS’s wealth management team a month ago, when the bitcoin bubble was in full bloom. That is the contention of Chris Skinner, Chairman of The Financial Services Club, author of thefinanser.com blog and one of Financial News’ ‘FinTech 40’ most influential people in financial technology.

Bitcoin 318
article thumbnail

First Bitcoin Capital Trading Suspended By SEC

PYMNTS

24) it has temporarily suspended trading in the securities of Canada-based company First Bitcoin Capital Corp. Seeking Alpha noted the regulations apply to companies that use distributed ledger or blockchain technology for things like initial coin offerings (ICOs) or token sales. 7 of this year.

Bitcoin 104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bitcoin Daily: Venezuela Pizza Huts Now Take Bitcoin; $4.2 Billion In Cryptos Seized By China In PlusToken Investigation

PYMNTS

27 that it was partnering with the pizza chain to process cryptocurrencies, including Bitcoin, Litecoin, Binance Coin, Binance USD, Tether, Dash, Ether, Dai and XPT, Cryptobuyer’s native coin. Pizza Hut has restaurants in Caracas, Venezuela’s capital, and Maracay, Maracaibo and Barquisimeto, the report stated.

Bitcoin 168
article thumbnail

Bitcoin Daily: H&M Pilots Blockchain Tech, Australian Tax Scammers Turn To Bitcoin

PYMNTS

A spokesperson told TNW , “Arket has done a small Proof of Concept (POC) through a pilot testing with VeChain to use blockchain technology to secure product data traceability in the value chain.” And scammers in Australia are trading iTunes vouchers for bitcoin as their payment of choice, TheNextWeb reported. million at the time.)

Bitcoin 174
article thumbnail

Bitcoin Daily: $2B PlusToken Pyramid Scheme Could Hurt Bitcoin; R3 Finishes Trade Finance Blockchain Test On Corda Platform

PYMNTS

Bitcoin may struggle to recover from the effects of one of the largest digital currency scams, Bloomberg reported Monday (Dec. PlusToken conspirators have reportedly sold approximately 25,000 bitcoins as well as another 20,000 tokens distributed throughout over 8,700 anonymous crypto addresses. The price of bitcoin was $6,875.71

Bitcoin 131
article thumbnail

Bitcoin Daily: Bitcoin Peaks At $3.7K; Indonesia Sets Crypto Trading Regs

PYMNTS

Bitcoin jumped to a one-month high as it hit $3,727 this weekend — it’s highest level since Jan. To break above the upper edge of the triangle, bitcoin must make it past $3,760, which is expected to happen sometime this week. Its 24-hour trading volume also rose to above $8 billion for the first time since Dec.

Bitcoin 164
article thumbnail

Bitcoin Drops Below $6,000

PYMNTS

The market capitalization of bitcoin, the leading cryptocurrency, declined to under $100 billion for the first time since October of 2017 amid a steep sell-off in digital tokens Wednesday (November 14). According to a report in CNBC citing Coinmarketcap.com, the market cap of bitcoin was at $98,194,458,586 overnight.

Bitcoin 134