• Bitcoin Price Markets Report
    Bitcoin

    MARKETS REPORT: Bitcoin eyes $9,000 as trader warns institutions are short, fear growing

    Coronavirus is back in the spotlight as growing hospital admissions in the U.S. fuel a stocks rout that triggered losses for Bitcoin on Tuesday.

    Having reached local highs of $9,330 on Monday, BTC/USD lost momentum overnight, in step with a dip on Wall Street with Tuesday seeing further losses. Bitcoin thus continues its correlation with macro markets.

  • Finland hotspot illegal Bitcoin
    Bitcoin,  Europe,  United States

    CipherTrace: Finland a hotspot for illegal Bitcoin

    The tranquil Scandinavian nation is home to the Northern Lights, but down on the ground it’s also a haven for darknet scammers attempting to cash out; CipherTrace report finds $1.4 billion lost this year, criminals getting savvy to anti-money laundering

    CipherTrace says 12.1% of Bitcoin funds sent to Finnish exchanges come directly from criminal sources. As a percentage, that’s the highest worldwide, making Finland a hotspot for illegal Bitcoin. LocalBitcoins, a peer-to-peer crypto marketplace, is partly to blame. It is based in the Finnish capital of Helsinki, and received 99% of these ill-gotten funds, according to a report.

  • betting on Bitcoin
    Bitcoin,  People

    ‘The fastest horse’—billionaire who predicted 1987 crash is betting on Bitcoin

    Paul Tudor Jones is betting some $400 million that Bitcoin will be the best-performing asset of the decade, and his endorsement could trigger an inflow of investment

    Tudor Investment Corp.’s flagship BVI fund has $22 billion, making Jones’ Bitcoin investment close to $440 million. It comes at a particularly opportune moment, as today’s Bitcoin halving attracts a lot of attention, and suggests the price of BTC is about to begin a long bull run.

  • FCA speeds blockchain digital sandbox
    Regulation,  Technology

    U.K. regulator sees need for speed in Coronavirus blockchain solutions

    The U.K.’s Financial Conduct Authority is moving up plans to create a digital sandbox, making it easier and safer for blockchain firms to experiment with projects and platforms tackling the COVID-19 pandemic.

    The United Kingdom’s Financial Conduct Authority has sped up plans to launch a blockchain-focused digital sandbox in response to the coronavirus pandemic. The regulatory body invited innovative firms that are devising ways to tackle the challenges caused by COVID-19 to step up before applications open this summer.

Subscribe to the
MODERN CONSENSUS Newsletter