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Digital currency Bitcoin hits new high before losing S$200 in value in one day
22-09-2015, 05:13 PM,
Post: #111
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day
Bitcoin may fail not on its credibility, but on the global anti-money laundering effort...

Australia's major banks pull plug on bitcoin companies
22 Sep 2015 11:15
[SYDNEY] Australia's major banks are closing accounts of bitcoin companies, forcing at least 13 digital currency providers out of business in response to tougher rules on money laundering and terrorism finance, an industry body spokesman said on Tuesday.

The move comes just months after Westpac Banking Corp became the last of Australia's four major banks to pull out of the remittances business in order to reduce compliance risks.

Banks globally are exiting sectors that present compliance headaches under pressure from regulators to meet tighter anti-money laundering and counter-terrorism financing rules. "The current bitcoin operating model requires very tough compliance and assurance requirements to ensure we meet the high standards required under anti-money laundering regulations," a Westpac spokesman said. "We continue to monitor developments in bitcoin, including their regulation." Banks have sent letters to 17 bitcoin companies including BitTrade and Buyabitcoin informing them their accounts would be closed, an Australian Digital Currency Commerce Association (ADCCA) spokesman said. "We continue to speak with banks to find a solution to the problem. ADCCA looks forward to guidance from the government as to how the situation can be resolved," he said.
...
EUTERS

Source: Business Times Breaking News
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23-12-2016, 01:18 PM, (This post was last modified: 23-12-2016, 01:30 PM by opmi.)
Post: #112
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day
http://www.marketwatch.com/story/and-201...2016-12-22

And 2016’s best-performing commodity is ... bitcoin?

Bought 1 bitcoin in 2015 to try out the process. And forget all about it until this year.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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02-05-2017, 09:34 PM,
Post: #113
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day
(23-12-2016, 01:18 PM)opmi Wrote: http://www.marketwatch.com/story/and-201...2016-12-22

And 2016’s best-performing commodity is ... bitcoin?

Bought 1 bitcoin in 2015 to try out the process. And forget all about it until this year.

Based on current prices of ~1400usd/coin, you might have a 4-bagger now.

Fresh breakthrough with regards to acceptance as bitcoin, or simply exuberance?

Bitcoin skyrockets to fresh record high on a spike in demand from Japan
- See more at: http://news.asiaone.com/news/business/bi...WVcNJ.dpuf

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7 hours ago,
Post: #114
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day
Bitcoin Twice as Expensive as Gold as Buying Frenzy Bites: Chart

by Ranjeetha Pakiam
May 26, 2017, 9:02 AM GMT+8

The bitcoin frenzy just got crazier. The cryptocurrency is now worth almost double an ounce of gold, with a single coin priced at about $2,450. While both are sought as a financial haven in times of political and economic uncertainty, industry executives say the surge in bitcoin is also driven by investors moving to a more established digital asset from riskier versions as more companies embrace the underlying technology.

Some are concerned there’s a bitcoin bubble in the making.
Specuvestor: Asset - Business - Structure.

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3 hours ago, (This post was last modified: 3 hours ago by Wildreamz.)
Post: #115
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day
I get the hype over bitcoin (the potential for tax evasion, free of centralized control etc) but common sense dictates that this cannot continue forever.

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2 hours ago,
Post: #116
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day
My auntie friend asked me last week if can invest in bitcoin coz her
friend asked her to invest.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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43 minutes ago,
Post: #117
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day
(2 hours ago)opmi Wrote: My auntie friend asked me last week if can invest in bitcoin coz her
friend asked her to invest.

Dont u have at least 1 to sell to her?

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23 minutes ago,
Post: #118
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day
No leh. Sold at US$850. Haha. Jialat.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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