Cryptocurrency News

It is no secret that the price of Bitcoin, the world’s leading cryptocurrency, is back above the $4,000 mark. And based on the figures recently, it is safe to say that it is moving upwards again. It could possibly be on its way to a $4.4k price target.

In the latest cryptocurrency news, Intercontinental Exchange or ICE is once again expected to delay the launching of Bakkt. The parent company of the titular New York Stock Exhange is reportedly postponing the release of the highly anticipated Bitcoin futures trading and custody platform. Apparently, this is the second time the firm has decided to do so.

In the latest cryptocurrency news, Iran’s digital currency is once again in the limelight. This was after a bill being pushed by the U.S. Congress took a hard line. It was reportedly meant to subdue the country’s efforts in developing its own crypto.

Lawmakers in the US have now tabled a bill to impose more sanctions on the financial institutions in Iran. This bill includes sanctions on the use of the country’s national cryptocurrency too. The bill, coded as HR7321, was tabled by Rep. Mike Gallagher at the House of Representatives on December 17.

According to Big Four auditor PricewaterhouseCoopers (PwC), cryptocurrency businesses are finding it almost impossible to insure themselves against the risk of hacking and theft because of which large fund managers are reluctant to invest in the nascent market.

Civil, the Blockchain based journalism startup, announced that it would be launching in February 2019, despite the fact that the project’s CVL token sale failure earlier in the year.

According to Arthur Hayes, Bitcoin (BTC) could become a new asset class in the next ten years. Hayes is the co-founder as well as Chief Executive officer of BitMEX, the largest cryptocurrency exchange in terms of daily trading volumes.

The San Francisco based wallet service and cryptocurrency exchange Coinbase announced that it is launching its new service called Coinbase Convert. According to the company’s official statement, this new service will offer crypto-to-crypto trading support for its customers.

According to the Chief Executive Officer of crypto merchant platform BitPay, Stephen Pair the price of Bitcoin (BTC) was driven more by speculation on its future mass adoption rather than by its actual current utility.

In the latest cryptocurrency news, Coinbase has made some changes relating to PayPal withdrawals. However, this would only affect all crypto users in the United States. Here is everything about the firm’s recent decision and move.