..

Bitcoin, Other Cryptocurrencies See Big Drop Off Monday AM

Written by:
Guest
Published on:
Jan/22/2018

The price of Bitcoin and other cryptocurrencies witnessed another sharp drop Monday morning, continuing a trend that developed Sunday following news banking institutions in India had begun suspending crytpo accounts.

Prices for Bitcoin fell back to $11,096 at 20:59 UTC yesterday and had briefly dropped as low as $10,388 Monday morning.

Bitcoin has lost 17.52% of its value — or roughly $59.27 billion in market cap — since January 15.

Fears of clampdowns in South Korea and China have mostly fueled the price drops.

The U.S. government is also seemingly getting into the act with the Security Exchange Commission and Commodities Futures Trading Commission issuing this joint statement Friday:

“When market participants engage in fraud under the guise of offering digital instruments – whether characterized as virtual currencies, coins, tokens, or the like – the SEC and the CFTC will look beyond form, examine the substance of the activity and prosecute violations of the federal securities and commodities laws,” it said. “The Divisions of Enforcement for the SEC and CFTC will continue to address violations and bring actions to stop and prevent fraud in the offer and sale of digital instruments."

Peter Boockvar, the Chief Investment Officer at Bleakley Advisory Group, painted a more ominous picture for Bitcoin in the year to come.

“Over the next year I wouldn’t be surprised if it’s [BTC] down to $1,000 to $3,000.”

Boockvar told CNBC that the boom in crypto markets can be attributed to easy-money policies of central banks and money printing.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Attendees Hospitalized Following Miami Bitcoin Conference

More of those who attended last weekend's Miami Bitcoin Conference have come forward to tell their stories of falling ill, some confirming they tested positive for Covid-19.  The organizers point to the fact that vaccinations have been widely available in the United States.  According to CoinDesk, most respondents to their inquiries indicated that they had gone to Miami fully vaccinated

What Are The Types of Sportsbook Solutions Available

What Are The Types of Sportsbook Solutions Available

Bookies, there is a comprehensive sportsbook solution, and we want to tell you why you need it, and where you can find it. The pay per head industry has turned the gambling industry on its ear, and now you can get in on the ground floor with a three-in-one website that includes a fantastic sportsbook, a world-class racebook, and a Las Vegas-style casino.

Blockchain for Business: CoinGeek’s Zurich Conference is Live & Free With Over 100 Speakers

CoinGeek’s 7th Conference (June 8-10) will feature real use cases in BSV blockchain technology ranging from healthcare to eSports, iGaming to NFTs, and will focus on the environmental impact of digital assets and the future of money itself.

The Crypto Beat - June 7, 2021

The Crypto Beat - June 7, 2021

U.S. seizes $2.3 mln in bitcoin paid to Colonial Pipeline hackers, CryptoFights battles its way to 18.4% share of BSV network actions and El Salvador has become the first country to onboard to a non-fiat currency.

California Man Gets 2 years in Prison for Laundering Bitcoin

California Man Gets 2 years in Prison for Laundering Bitcoin

A Southern California man who pleaded guilty to illegally operating kiosks where customers could buy Bitcoin with cash, or sell Bitcoin in exchange for cash has been sentenced to two years in federal prison.

Syndicate