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Bitcoin Futures Allow Investors to Play ‘Both Sides’ of the Market, Ally Invest Says

Bank Innovation

EXCLUSIVE—Bitcoin futures are the perfect medium for investors curious about cryptocurrency, as they allow customers to play “both sides” of the market, Rich Hagen, president of Ally Invest, told Bank Innovation.

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Bitcoin Daily: Citibank Analyst Says Bitcoin Will Hit $318K; Pakistan SEC Exploring Digital Asset Regulation; Binance Discontinues BGBP Stablecoin

PYMNTS

A Citibank senior analyst predicted that bitcoin could reach $318,000 by December 2021 in a report written for Citibank’s institutional clients, according to CoinDesk. Thomas Fitzpatrick’s report was leaked on Twitter Friday (Nov. 13) by user “ClassicMacro,” who noted in a tweet , “there is no edge in guessing targets so far in time with TA.

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US Treasury Proposes Sweeping New Disclosure Rules On Bitcoin, Other Cryptos 

PYMNTS

18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. Bitcoin is a popular example. Treasury Department proposed sweeping new rules late Friday (Dec. The comment period ends Jan.

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Bitcoin Daily: Bitcoin Kiosks At The Supermarket, tZERO To Launch Next Week

PYMNTS

Meanwhile, a study by data firm Chainalysis has found that bitcoin as a form of payment doubled in 2018 on darknet market sites. Bitcoin transaction volumes on darknet markets, where people can buy illegal goods, saw an increase over the entire year to reach an average of $2 million daily.

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Bitcoin Daily: CFTC Charges Four In Alleged Crypto Scam; ECB Gets First Collectible Crypto

PYMNTS

District Court against four people for allegedly “fraudulently soliciting funds” from individuals to attempt to wager on changes in the price of bitcoin, according to a press release. The company noted that its collection of bitcoin might exceed the $250 million investment that the company made known in August.

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Beyond Bitcoin: Mainstream Acceptance Sparks Push For Everyday Cryptocurrency

PYMNTS

Bitcoin gets all the headlines. But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. At present, he said, a number of factors have inhibited the adoption of bitcoin as a transactional currency, including the fact that it’s expensive and can be very slow.

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Ternio CEO: Crypto’s Transformation Will Come From The Fed, Not Bitcoin

PYMNTS

At a time when 90 percent of Americans have never owned bitcoin and nearly 70 percent say they have no plans to do so in the future, the thought of widespread adoption and usage of cryptocurrency seems to be a distant prospect for most people. Bitcoin is awesome. Ternio CEO Daniel Gouldman , however, is not one of them. “I Baby Steps

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