Monday, 18 December, 2017

Bitcoin Price Eyes $12000 as Billion-Dollar Crypto Unicorns Swell to Nineteen

Britain wants increased regulation of bitcoin other cryptocurrencies Cboe wins race to launch bitcoin futures contract
Laurie Berry | 06 December, 2017, 12:19

Bitcoins value has gone through the roof this year and crossed the $11,000 mark. Later, however, it lost 20 per cent of its value in one day. Analyst Nikolaos Panigirtzoglou, apparently not fearing for the loss of his job, said recognition by the CMEGroup and CBOE "has the potential to elevate cryptocurrencies to an emerging asset class".

Bitcoin was trading at United States dollars 12,269 at 8:12 AM, according to industry site CoinDesk. Their announcements that they would launch bitcoin futures were seen as a vote of confidence in the digital currency, whose reputation remains tarnished by its association with illicit activity.

The UK government is now negotiating amendments to the 4th Anti-Money Laundering Directive that will bring virtual currency exchange platforms and custodian wallet providers into Anti-Money Laundering and Counter-Terrorist Financing regulation, which will result in these firms' activities being overseen by national competent authorities for these areas.

"These new forms of exchange are expanding rapidly and we've got to make sure we don't get left behind - that's particularly important in terms of money laundering, terrorism or pure theft", he explained.

"Though we have worked through a lengthy, comprehensive process with the CFTC to get to this point, we recognise bitcoin is a new, uncharted market that will continue to evolve, requiring continued collaboration with the Commission (SEC) and our clients going forward", he said in a statement.

Terrified horses herded to safety as Creek Fire roars: Shelters at capacity
The fire was first reported just before 4 a.m., according to the California Highway Patrol's incident website. The Angeles NF is in unified command with LA County Fire Department and LA City Fire Department.

Sputnik: One of the main factors impacting Bitcoin is speculation. Miners use special software to solve math problems and are issued a fraction of a bitcoin as a reward.

While cryptocurrency faces skepticism, the blockchain technology used to effectuate Bitcoin transfers has earned much praise as an alternative for future banking systems, particularly in expediting worldwide payments.

Most people on either side of the argument would agree that bitcoin is not widely used as a currency just yet. The prospect of bitcoin jumping to $1 million in just over two years is certainly appealing, but under no circumstances should anyone buy bitcoin with money they can't afford to lose, because if it turns out to be a bubble, that's exactly what could happen.

The political system, with a particular eye on central banks, has the opportunity to either extend or crush the Bitcoin trend. The bitcoin funds can then be transferred across borders to criminal associates who can withdraw them in any currency.

It is not clear whether Satoshi Nakamoto, assumed to be a pseudonym, was a name used by a group of developers or by one individual.

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