Monthly Archives: December 2017

U.S. panel urges regulators to monitor financial innovation risks

WASHINGTON (Reuters) – A U.S. regulatory panel on Thursday called for watchdogs to closely monitor risks created by financial innovation, warning that “fintech” and virtual currencies such as bitcoin threaten to disrupt the traditional financial services industry.

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U.S. regulatory panel urges monitoring of virtual currencies risks

WASHINGTON (Reuters) – A U.S. regulatory panel on Thursday called for watchdogs to closely monitor risks created by financial innovation, warning that fintech and virtual currencies such as bitcoin threaten to disrupt the traditional financial services industry.

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Bitcoin fever exposes crypto-market frailties

LONDON/NEW YORK (Reuters) – As bitcoin raced to another record high on Tuesday, one of the biggest providers of digital currency wallets, Coinbase, went down under the weight of traffic, leaving many of its more than 10 million customers unable to access their funds.

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Greek top court clears way for U.S. extradition of Russian cybercrime suspect

ATHENS (Reuters) – Greece’s top court cleared the way on Wednesday for the extradition to the United States of a Russian man, also wanted in Moscow, suspected of having laundered billions of dollars in the digital currency bitcoin.

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Germany monitoring bitcoin market impact: FinMin

BERLIN (Reuters) – Germany is carefully monitoring the impact of cryptocurrencies on markets, a finance ministry spokesman said on Wednesday, as bitcoin surged and the futures of the best known cryptocurrency made their world debut on a U.S. stock exchange.

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Behind bitcoin boom, Japanese retail investors pile in

TOKYO (Reuters) – Japan’s army of retail investors, no strangers to high risk bets in the past, have emerged as a major force in bitcoin’s spectacular rally, now accounting for an estimated 30-50 percent of trading in the cryptocurrency as it spikes to record highs.

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