Gulf Times - bitcoin
Billionaire Buffett bashes bitcoin as thriving on mystique

Billionaire Buffett bashes bitcoin as thriving on mystique

Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterised as "rat poison squared," thrive on the hope they'll find other people who will pay more for it.

Iran bans banks from using cryptocurrencies

Iran bans banks from using cryptocurrencies

Iran banned the use of bitcoin and other cryptocurrencies by banks and financial institutions on Monday amid ongoing debate over how best to regulate the technology.

Money-laundering ring that used bitcoin busted in Spain

Money-laundering ring that used bitcoin busted in Spain

Police busted a crime ring based in Spain that used credit cards and cryptocurrencies to launder €8mn ($9.8mn) from drug traffickers, Europol said on Monday.

Four arrested over Taiwan's 'first' bitcoin robbery

Four arrested over Taiwan's 'first' bitcoin robbery

Bitcoin is a virtual currency created from computer code that allows anonymous transactions and its value has soared since it came into being in 2009.

Qatar Central Bank warns of Bitcoin trading risks

Qatar Central Bank warns of Bitcoin trading risks

The circulars highlighted the increasing activity of trading in Bitcoin all over the world and the resulting negative consequences in global financial markets, QCB said in a press release.

Bitcoin jolted by regulation worries, falls 7pct on extended selloff

Bitcoin jolted by regulation worries, falls 7pct on extended selloff

Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.

South Korea planning to close cryptocurrency exchanges

South Korea planning to close cryptocurrency exchanges

A series of measures have failed to curb overheated virtual currency speculation in South Korea and Justice Minister Park Sang-Ki said it would be "devastating if the bubble bursts".

Bitcoin plunges below $12,000, heads for worst week since 2013

Bitcoin plunges below $12,000, heads for worst week since 2013

Bitcoin plunged by a quarter to below $12,000 on Friday as investors dumped the cryptocurrency in manic trading after its blistering ascent to a peak close to $20,000 prompted warnings by experts of a bubble.

Hotly anticipated bitcoin futures surge 21 percent on debut

Hotly anticipated bitcoin futures surge 21 percent on debut

Bitcoin futures jumped more than 20 percent in their eagerly anticipated US debut, which backers hope will encourage wider use and legitimacy for the world's largest cryptocurrency even as critics warn of the risk of a bubble and price collapse.

After bitcoin’s wild week, traders brace for futures launch

After bitcoin’s wild week, traders brace for futures launch

The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading.

Bitcoin chalks up new record as it charges past $14,000

Bitcoin chalks up new record as it charges past $14,000

Bitcoin ploughed past $14,000 to a fresh record on Thursday as investors continued to pile in, triggering a warning the cryptocurrency was "like a charging train with no brakes" that would inevitably slip back.

Bitcoin loses over a fifth of its value in less than 24 hours

Bitcoin loses over a fifth of its value in less than 24 hours

Bitcoin slid to as low as $9,000 on Thursday, having lost more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday.