The Bank of England stole Venezuelan gold reserves worth $1.56 billion The Bank of England stole Venezuelan gold reserves worth $1.56 billion
The Bank of England is said to have frozen Venezuelan gold assets worth $1.56 billion in another blow to Nicolas Maduro's government. Venezuela has been trying to repatriate its gold reserves, which the Bank of England holds, since late last year. Citing civil service officials, The Times reports the UK's central bank has now frozen access to those reserves. It comes after Juan Gauid wrote to UK Prime Minister Theresa May and Bank of England Governor Mark Carney, asking them not to grant Maduro access to Venezuelan gold reserves at the bank. Venezuela's government has been aggressively selling its gold reserves in order to fundraise as the country's currency, the bolivar, becomes increasingly obsolete as inflation passes the 1,600,000% mark. The US recognised opposition leader Juan Gauid as the country's legitimate leader last week, and a number of European countries followed suit soon after. This share was found by us on 2019-02-14 01:27:11. Share this content on social media: Related crypto assets may include ICX. Visit www.businessinsider.com for more. Leave a Comment

Bitcoin price update on Monday September 18 - Business Insider Menu Icon Bitcoin price update on Monday September 18 - Business Insider Menu Icon
LONDON The price of Bitcoin is surging on Monday after a week in which it lost more than $1,000 in value and dropped below $3,000 per coin for the first time in over a month. Bitcoin collapsed spectacularly last week as news of a regulatory crackdown in China broke. The cryptocurrency dropped 16% against the dollar on Thursday after Chinese media reported that the country's regulators were moving closer to shutting down exchanges. But Bitcoin is now surging again. By 9.00 a.m. BST (4.00 a.m. ET), Bitcoin is up by more than 6% against the dollar its key pairing in the currency markets to trade at $3,950 per coin, just below the psychologically significant $4,000 mark, as the chart below illustrates: This piece was obtained by us on 2019-01-16 16:32:22. Share this content on social media: Related crypto assets may include BTC, TCN, ICX. You may want to visit www.businessinsider.com for complete listings from this source. Leave a Comment

Coinbase adds Coinbase Bundles for users to buy all five cryptos - Business Insider Menu Icon Coinbase adds Coinbase Bundles for users to buy all five cryptos - Business Insider Menu Icon
This story was delivered to Business Insider Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. US-based cryptocurrency exchange operator Coinbase has announced it will add a new feature, dubbed Coinbase Bundles, that will allow users to purchase a weighted basket of the five cryptos it lists Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ethereum Classic. This will essentially serve as a starter pack for new or casual investors; instead of having to decide what digital assets to purchase, they can buy a "basket" of them, with the cryptos weighted by market capitalization at time of purchase. Bundles begin at $25 (and 25 or 25 for customers in Europe and the UK, respectively). This information was discovered by us on 2019-01-16 15:09:47. Share this content on social media: Mentioned assets ICX. Browse www.businessinsider.com for complete listings from this source. Leave a Comment

How cryptocurrency use could change after an economic crisis - Business Insider Menu Icon How cryptocurrency use could change after an economic crisis - Business Insider Menu Icon
As the saying goes, "What goes up, must come down," and nowhere is this idiom truer than in modern capital markets. Since the U.S. declared independence from Great Britain in 1776, there have been 19 major market crashes, recessions, or bear markets in the U.S. Each crisis and subsequent recession brought its own seemingly unique set of circumstances, but usually it's a combination of the same old factors: excessive debt, market manipulation, excessive financialization, irrational exuberance (As former Federal Reserve chairman Alan Greenspan famously put it) or just straight up fraud. Regardless of the circumstance or era, the drama tends to play out in the same way. This post was first seen by us on 2019-01-16 15:05:36. Share this content on social media: Related assets may include ICX, CAG. Have a look at www.businessinsider.com for more from this source. Leave a Comment

Bitcoin price: Cryptocurrencies drop suddenly with no explanation - Business Insider Menu Icon Bitcoin price: Cryptocurrencies drop suddenly with no explanation - Business Insider Menu Icon
Cryptocurrency prices plunged across the board suddenly and sharply Wednesday morning, seemingly with no clear reason. Having been steady at about $7,350 a coin during most of trading during both Asian and European morning hours, bitcoin lost more than $200 in mere minutes starting about 5:50 a.m. ET, or 10:50 a.m. BST. It took another leg down an hour later, falling below the psychologically significant $7,000 mark, before breaking back above that mark as the day continued. By 1:06 p.m. ET, the largest crypto by market value was trading at $6,894 a coin, a fall of 6.3% on the day. Bitcoin was the most obvious casualty of the sudden sharp fall, but other major cryptocurrencies including ether, Ripple's XRP, and bitcoin cash fell even more steeply. Here's the scoreboard: This data was found by us on 2019-01-16 14:33:48. Share this content on social media: Related crypto assets include BTC, TCN, ICX, ION. Check out www.businessinsider.com to find more similar content. Leave a Comment

Akon wants to build a 'real-life Wakanda' using Akoin cryptocurrency - Business Insider Menu Icon Akon wants to build a 'real-life Wakanda' using Akoin cryptocurrency - Business Insider Menu Icon
Grammy-nominated musician Akon is launching his own cryptocurrency, which is aptly called Akoin. The Senegalese-born entertainer/entrepreneur announced his new project during a panel at the Cannes Lions Festival, where he explained his motivations of using the blockchain technology towards improving the conditions in Africa. "I think that blockchain and crypto could be the savior for Africa in many ways because it brings the power back to the people and brings the security back into the currency system," Akon said. "[Cryptocurrency] also allows the people to utilize it in ways where they can advance themselves and not allow the government to do those things that are keeping them down." This information was discovered by us on 2019-01-16 14:28:01. Share this content on social media: Related crypto assets may include ICX, LIFE, REAL. Have a look at www.businessinsider.com for additional posts. Leave a Comment

Ethereum price down 10% on August 14 as crypto market crashes - Business Insider Menu Icon Ethereum price down 10% on August 14 as crypto market crashes - Business Insider Menu Icon
LONDON Ethereum's steep price fall continued on Tuesday as the entire cryptocurrency market continues to fall. Ethereum is down just over 10% to $253.35 at 4.22 p.m. BST (11.22 a.m. ET). The current sell-off began on Monday, when Ethereum dropped to an 11-month low. Bloomberg reported that the slump was sparked by startups that had raised funding in ethereum through so-called initial coin offerings (ICOs) now cashing their holdings into traditional fiat money they can spend on development. Matthew Newton, an analyst at eToro, said in an email: "The crypto market seems to have hit panic mode, with prices falling significantly across the board. As we can see in the case of ether, investors seem to be increasing liquidations of their ICO holdings, with significant drops in price and increased volumes." This publication was found by us on 2019-01-16 14:16:43. Share this content on social media: You may be interested in these cryptocurrencies : ETH, CHX, ICX, ARK. You may want to visit www.businessinsider.com for complete listings from this source. Leave a Comment

50 Cent says he accidentally made millions in bitcoin - Business Insider Menu Icon 50 Cent says he accidentally made millions in bitcoin - Business Insider Menu Icon
The rapper 50 Cent on Wednesday confirmed a TMZ report that he had made about $8 million by accepting bitcoin as payment for his 2014 album, "Animal Ambition." TMZ calculated that the 700 bitcoins 50 Cent received for the album in 2014 and sat untouched in his account for four years would be worth between $7 million and $8.5 million today. The rapper confirmed the report by posting a screenshot of the TMZ article on Instagram with the caption: "Not bad for a kid from South Side, I'm so proud of me." The Verge notes that he later commented on the post, which has since been deleted, "Ima keep it real, I forgot I did that shit lol." This data was found by us on 2019-01-16 13:35:53. Share this content on social media: Related crypto assets include ION, ICX, DENT, TCN, BTC. Visit www.businessinsider.com to find more similar content. Leave a Comment

John Oliver compares bitcoin to a $15,000 Beanie Baby - Business Insider Menu Icon John Oliver compares bitcoin to a $15,000 Beanie Baby - Business Insider Menu Icon
John Oliver gave a crash course on cryptocurrency and blockchain on Sunday night's "Last Week Tonight," introducing it as "everything you don't understand about money combined with everything you don't understand about computers." During the 25-minute episode, Oliver compared cryptocurrencies to a $15,000 Beanie Baby or any other "speculative investment" that people agree has value. The "Last Week Tonight" host then focused on the potential of blockchain technology, the decentralized electronic ledger for cryptocurrency transactions. In explaining the topic, Oliver played a clip of a blockchain researcher comparing a blockchain system to "a highly processed thing, sort of like a Chicken McNugget." This article was found by us on 2019-01-16 13:26:08. Share this content on social media: Mentioned cryptocurrencies include BTC, TCN, ICX, OLE. Have a look at www.businessinsider.com for more from this source. Leave a Comment

Over 1 million people have signed up for Robinhood Crypto - Business Insider Menu Icon Over 1 million people have signed up for Robinhood Crypto - Business Insider Menu Icon
Over 1 million people have signed up for early access to Robinhood Crypto, just five days after the California brokerage announced it was crashing the gates of cryptocurrency trading. Robinhood, which is best known for its zero-commission stock trading app, announced Thursday it would offer bitcoin and ethereum trading in February. Since making the announcement, 1,000,400 people have signed up for the service. Robinhood is rolling out the new feature in waves, launching first in five states: California, Massachusetts, Missouri, New Hampshire, and Montana. "Crypto is going to change the world and we want to help drive that," Robinhood cofounder Baiju Bhatt told Business Insider in an interview prior to the announcement. This entry was found by us on 2019-01-16 13:07:55. Share this content on social media: You may be interested in these cryptocurrencies : ICX, ION. Visit www.businessinsider.com for more from this source. Leave a Comment

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