Iranian central bank bans all cryptocurrencies transactions

Iran’s central bank has banned the country’s banks from dealing in cryptocurrencies, including Bitcoin, over money-laundering concerns, the state news agency IRNA reported on Sunday as the country tries to halt a currency crisis. “Banks and credit institutions and currency exchanges should avoid any sale or purchase of these currencies or taking any action to… Read More Iranian central bank bans all cryptocurrencies transactions

Twitter bans cryptocurrency advertising in bid to curb cyber fraud

​Twitter Inc will start banning cryptocurrency advertising from Tuesday, joining Facebook and Google in a clampdown that seeks to avoid giving publicity to potential fraud or large investor losses. The prohibition will cover advertising of initial coin offerings (ICOs), crowdfunding used to raise cash by creating new coins, as well as token sales, the San… Read More Twitter bans cryptocurrency advertising in bid to curb cyber fraud

Bitcoin hits all-time record exchange rate above $10,000

Virtual currency bitcoin rose to an all-time high above $10,000 on trading platform BitStamp on Wednesday. Bitcoin rose to as high as $10,069.12 on the Luxembourg-based BitStamp BTC=BTSP. The virtual currency had already climbed above the big figure on other, albeit smaller, platforms. It has soared more than 900 percent so far this year, posting… Read More Bitcoin hits all-time record exchange rate above $10,000

Bitcoin kicks off new year above $1,000

Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 percent climb in 2016. Bitcoin, a web-based “cryptocurrency” that has no central authority, relying instead on thousands of computers across the world that validate transactions… Read More Bitcoin kicks off new year above $1,000