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Regulators may need more power/clarification from Congress to control Bitcoin says Senate Banking Committee Chair Mike Crapo. SEC Chair Jay Clayton left the door open to asking for it. He said appropriate federal regulation of cryptocurrencies may include: data reporting, capital requirements, cybersecurity standards, measures to prevent fraud and price manipulation and anti-money laundering and “know your customer” protections. He said ...
Investors have pointed to many different factors as causes for the drop. “At first, people said it was Bitcoin futures expiring,” says Kyle Samani, managing partner at Austin-based crypto investment firm Multicoin Capital. Some have cited reports that China is planning to ban crypto-asset trading on all exchanges, including those based in other countries. Others discussed impending U.S. regulation or claimed that people were selling to pay taxes, according to Samani. And Monday’s steep drop in the ...
DigixDAO jumps to $791M market cap despite general crypto market downtrend. January 2018 has been a volatile month for cryptocurrencies worldwide, with major news developments including increased South Korean regulation, Facebook banning cryptocurrency advertising, India pushing toward a crack down, and news of Tether and Bitfinex subpoenas. Much has been made of Bitcoin functioning as a store of value akin to gold, but Digix literally ...
Impending legal action or media frenzy? Continuing its volatile 2018, crypto markets are facing another round of volatility—with many claiming this new drop is related to recent news stemming from comments India Finance Minister Arun Jaitley made regarding cryptocurrencies during a Feb. 1 budget speech. more...
The S&P 500 dropped 0.67% on Monday, in the largest decline since last September. Part of the decline was the 2.1% drop in the stock of Apple, Inc. (AAPL), which was a drag on all of the major averages, as well as the technology sector. The largest holding in the Technology Select Sector (XLK) is Apple, with a portfolio weight of 13.74%. The stock market declined even more sharply on Tuesday with the Dow Industrials and S&P 500 dropping ...
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