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Bitcoin, Other Cryptocurrencies Continue Decline Over Regulation Fears

PYMNTS

With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018. That exchange provides pricing for CME’s bitcoin futures.

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Bitcoin Daily: China Regulator Eyes Digital Currency Veteran As Chief; Crypto Firm Founder Charged With ICO Fraud

PYMNTS

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk. Yao was the head of China’s central bank digital currency initiative. .

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Thomson Reuters Unveils Bitcoin Chatter Gauge

PYMNTS

As cryptocurrencies fuel discussions on forums and news websites, a new version of a Thomson Reuters Corp tool will capture online chatter around bitcoin. MarketPsych Indices will scan more than 400 websites to analyze bitcoin themes and sentiments, Reuters reported. The recent declines also came as the U.S.

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FitPay Rolls Out Bitcoin ‘Flip’ Device Amid Ubiquity Of Contactless

PYMNTS

FitPay , the startup technology platform that adds contactless payment capabilities to wearable and Internet of Things (IoT) devices, is looking to serve consumers who own bitcoin with a new payment device. Beyond bitcoin , FitPay plans to look into more cryptocurrencies in the future.

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Bitcoin Daily: Overstock CEO Shares Movement In Bitcoin Efforts; Russia Might Be Open To Crypto Trading

PYMNTS

Overstock CEO Patrick Byrne said that he welcomes Facebook ’s entry into the cryptocurrency market. Byrne told CNN Business that the social media giant’s launch of its own digital currency validates the space — and Overstock would be open to partnering with Facebook on the project.

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Top 10 Crypto scams to look for in 2023

Abrigo

Crypto market a perfect environment for fraud. banking regulators recently warned financial institutions that dealing with cryptocurrency exposes them to an array of risks. Social media scams: The FTC reports that half of those who have reported crypto losses since 2021 said the scam began with an ad, post, or message on social media.

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Bitcoin (And Other Crypto) Use Cases Fizzle, Bit By Bit?

PYMNTS

Much hype and hope surrounds the adoption of cryptocurrencies — bitcoin among them as the marquee name in the space, of course — beyond the Wild West of speculative trading that exists now. Favor has met with disfavor, and bitcoin now trades at $3,990 — a bit above nadirs around $3,400 and well off highs that neared $20,000.

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