Tag Archives: News

PwC Luxembourg will accept your bitcoin for services rendered. | Source: ShutterstockThe Luxembourg unit of the Big Four accounting firm PricewaterhouseCoopers has announced that its clients will be able to pay for services in Bitcoin a month from now.In a press release, PwC Luxembourg indicated that it will begin accepting Bitcoin payments from October 1. The accounting firm will partner with a Luxembourg-based cryptocurrency exchange to integrate the Bitcoin payments.We are stepping...

Tuesday's bitcoin price surge launched BTC as high as $10,750 on Bitstamp, decimating $68 million worth of shorts in the process. | Source: ShutterstockBitcoin (BTC) is back in positive territory today. Yesterday’s surge of nearly 8% on Bitstamp saw BTC shoot back past $10,000 and then briefly clip the $10,750 mark on Tuesday.Most of the cryptocurrency market followed, with only a handful of altcoins in the red.Bitcoin Price Booms Amid Mammoth Short SqueezeThe bitcoin price clipped the...

A near million-dollar bitcoin ransom has secured the freedom of a kidnapped Chinese national in Sydney. | Source: ShutterstockThe Chinese pre-university student who was reported kidnapped late last month in Australia for 80 Bitcoin has been rescued and reunited with his family. The Chinese Consulate-General in Sydney confirmed that the 20-year old Ye Jingwang who was studying at the University of Technology Sydney had been found ‘safe’ and in ‘good health’.The Chinese Consulate-General in...

Facebook's much-publicized and criticized crypto 'Libra' will see competition by one of the world's biggest tech companies, Amazon, a report has claimed. | Source: Shutterstock; edited by CCN.Since Facebook announced the Libra cryptocurrency, a couple of other similar projects have been unveiled with all of them being dubbed potential ‘Libra-killers’.They include Venus, an initiative by Binance to 'develop localized stablecoins and digital assets pegged to fiat currencies across the globe',...

VC firm Andreessen Horowitz Co-Founder Marc Andreessen reportedly delivered the opening remarks to a cadre of Washington regulators. | Source: REUTERS/Lucy NicholsonBy CCN Markets: Angel investment and venture capital firm, Andreessen Horowitz, has taken an "unusual" measure in the fight against Washington's clampdown on cryptocurrency. To secure its stake within the emerging crypto industry, the VC wined and dined officials from the Treasury Department and numerous regulatory...

The bitcoin price increased from $9,766 to $10,500 as its dominance over altcoins and the rest of the cryptocurrency market hit 70 percent. | Source: ShutterstockThe bitcoin price increased from $9,766 to $10,500 in the past 24 hours as its dominance over altcoins and the rest of the cryptocurrency market hit 70 percent.Prior to the minor rally, technical analysts and cryptocurrency traders including Josh Rager and Flood suggested that bitcoin could move below $9,000 to test lower levels if...

A bitcoin price premium has developed in Argentina as the government imposed currency controls in a bid to support the peso. | Source: ShutterstockArgentina’s decision to impose currency controls has had a bullish effect on bitcoin in the South American country. With demand rising for the cryptocurrency, a bitcoin price premium has subsequently developed. The premium in Argentina now ranges between tens and hundreds of dollars.While the bitcoin price ranges between $9,887 and $9,905 on major...