Bitcoin experienced mostly a downward trend during the week, falling from $7800 last Saturday to $7370 this Friday. In the last 7 days, the most popular cryptocurrency lost its value by around 6 percent or over $400. It has been a volatile week for Bitcon, and the prices swung by big margins on December 4. It leaped from $7,100 to $7,500 on crypto exchange Coindesk within two hours, only to see
Crypto services firm Circle, backed by banking major Goldman Sachs, urged the U.S. customers of cryptocurrency exchange Poloniex to withdraw their crypto assets before December 16, 2019. Circle said it may begin charging fees to Poloniex US customers if they do not withdraw their assets as soon as possible.
The New York Department of Financial Services granted BitLicense, the license of virtual currency activities, and money transmitter license to crypto trading firm SoFi Digital Assets, LLC, a wholly owned subsidiary of Social Finance, Inc. The two licenses will allow the company to facilitate buying and selling of cryptocurrencies such as Bitcoin and Ethereum to consumers in the State of New York.
A U.S. citizen was arrested in Los Angeles on his return from North Korea after allegedly providing highly technical information on using cryptocurrency and blockchain technology to help the Communist government launder money and evade U.S. sanctions. The Department of Justice said in a statement that Virgil Griffith, 36, was charged with violating the International Emergency Economic Powers Ac
Miami-based Bitcoin ATM operator Bitstop is in deal with Simon Malls, the largest shopping mall operator in the U.S., to install Bitcoin ATMs across the U.S. at Simon Mall locations. The installations come in time as holiday season is on. Bitstop, a licensed and regulated company, has already installed five Bitcoin ATMs recently at Simon operated malls in California, Florida and Georgia.