Coin News

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The post Bitcoin Price Continues Historic Highs Toward $1,500 appeared first on CryptoCoinsNews.

A secretive startup called nChain is gearing up to launch an alternative implementation of the bitcoin software for use by developers.

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The post Bitcoin Price Maintains Stability While Altcoins Fall; The Importance of Low Volatility appeared first on CryptoCoinsNews.

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The post Bitcoin Price Maintains Stability While Altcoins Fall; The Importance of Low Volatility appeared first on CryptoCoinsNews.

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The post Aussie Billionaire Reveals Bitcoin Investment, Says “BTC Bet is Payout Out Well” appeared first on CryptoCoinsNews.

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.

US lawmakers are considering a bill to overhaul financial regulation in the US and unravel several post-financial crisis measures. The House Financial Services Committee is holding hearings Tuesday on the Financial CHOICE Act, a more than 589-page bill that introduced by Republican Congressman Jeb Hensarling.

In a break with tradition, Democrats requested time for opening statements. Democrat Maxine Waters opened:

"This is one of the worst bills I’ve seen in my time in Congress," she said. "The Wrong Choice Act is a vehicle for Donald Trump’s agenda to get rid of financial regulation and help out Wall Street. It’s an invitation to another Great Recession or worse." You can stay up to date with the latest from the hearing here. 

Here's what people are saying:

• Trump says he's thinking about breaking up the big banks
• Trump may raise the gas tax to help fix America's crumbling roads
• Treasury Secretary Mnuchin says it will take 2 years for the US economy to grow as fast as Trump promised
• Mohamed El-Erian just hit on a huge contradiction in the market
• KEN GRIFFIN: "My fantasy is to break up the big banks"
• A hedge fund billionaire says Chicago's roads are "borderline third world"
• The CEO of a $1.5 trillion fund giant wants to set the record straight
• The billionaire founder of a $74 billion fund had a brutal assessment of brick-and-mortar stores
• The head of the World Bank is pushing a terrifying prediction for jobs in developing countries
• JAMIE DIMON: "Is that the America we wanted?"

In markets news, the stock market has stopped paying attention to what Trump says. Here's how investors should look at Trump's first 100 days, according to PIMCO. The market is baiting copycats of the mystery trader called "50 Cent." And corporate executives are selling stocks in droves.

The French parent of asset manager AllianceBernstein fired its longtime leader Peter Kraus and overhauled the firm's board. There has been a big departure from the New York Stock Exchange. And the largest private-equity firm in the world opened a more casual, amenity-filled office for its tech team — take a look inside.

Bitcoin is trading at fresh all-time highs on Tuesday. Given the currency's covert nature, the average person still may not understand how buying and selling actually works. With that in mind, here's a guide. 

There's a bunch of news in the healthcare sector:

• Pfizer beats
• Merck's profit tops estimates
• Aetna blows past estimates despite pressure in its Obamacare business
• CVS beats — fills fewer prescription drugs and sells more generics
• Valeant is thinking about changing its name
• The chairman of the company behind the EpiPen made $98 million in 2016
• Theranos just settled 2 lawsuits with one of its biggest investors

And in autos:

• Tesla's about to face investors at one of the most surreal points in its history
• Every major carmaker whiffs on auto sales
• Automakers are getting slammed after reporting weak sales
• These 14 giant corporations dominate the global auto industry

And tech:

• What to expect from Apple's upcoming earnings
• Apple climbs to an all-time high ahead of earnings
• As Facebook's cash cow slows, Wall Street is looking to Instagram and video for growth
• Millennial investors are getting smoked on a tech stock that's crashing

SEE ALSO: The 27 most important finance books ever written

Join the conversation about this story »

NOW WATCH: HBS professor on Wells Fargo: 'Clawbacks are nice but they're not really solving the problem in a deep way'

A year and a half ago, the idea of buying the virtual currency bitcoin was laughable. After a rapid rise in value in 2013, the cryptocurrency's value more than halved by mid-2015.

At its lowest point, one bitcoin was equal to about $230.

But now Bitcoin is at an all-time high, and rising. Within the last month, the price of one bitcoin has climbed from $1,280 to around $1,480.

Given the currency's covert nature, the average person still may not understand how buying and selling actually works.

Using the app Coinbase, which lets anyone trade bitcoins for a small fee, we decided to find out.

A brief warning: If you're going to do this, tell your bank you're about to buy bitcoin. More on that later.

SEE ALSO: Bitcoin is trying to make a comeback

This is what the Coinbase app looks like on an iPhone.

When you first open the app, you're presented with the latest price of bitcoin and its change within a certain period. You can see in the chart below how wild the latest moves have been.

I happen to be one of the many who have never traded bitcoin before. There's a certain level of wariness in buying into the cryptocurrency world.

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The post You Can Pay for Denver Airport Parking with Bitcoin and 20+ Other Cryptocurrencies appeared first on CryptoCoinsNews.

The price of bitcoin continued its recent meteoric rise on Tuesday amid more widespread gains in the cryptocurrency markets.

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Bitcoin is trading at fresh all-time highs on Tuesday. The cryptocurrency hit a record $1,484.68 before paring its gains. Now, it's trading up 4.2% at $1477.10 a coin as of 8:03 a.m. ET. 

Tuesday's advance has the bitcoin on track for its 11th gain in the past 12 sessions, and marks a second straight day of record highs.

Bitcoin's latest streak comes after the US Securities and Exchange Commission announced last week that it will reconsider the Winklevoss ETF. A ruling will be announced no later than May 15. 

Back in March, the SEC rejected two bitcoin ETFs, saying it "is disapproving this proposed rule change because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest."

Bitcoin gained 20% in the first week of 2017 before crashing 35% on fears China would crack down on trading. Since then, it has rallied 95% despite China restricting trade, the SEC rejecting two bitcoin ETFs, and threats from developers of creating a "hard fork" that would split the cryptocurrency in two. 

Bitcoin has been the top-performing currency every year since 2010, aside from 2014. It's up about 54% so far this year.

SEE ALSO: The first investor in Snapchat thinks each bitcoin could realistically be worth $500,000 by 2030 — Here's how

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NOW WATCH: The 5 workouts that burn the most calories in an hour

A new test version of the Lightning Network launched today, marking a step toward a long-awaited live debut on a major cryptocurrency.

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The post Over 10 New Bitcoin Exchanges Set to Launch in Japan appeared first on CryptoCoinsNews.

Good morning! Here's what you need to know in markets on Tuesday.

British Prime Minister Theresa May on Monday dismissed an account of a difficult meeting between her and the head of the European Commission as "Brussels gossip," reiterating that the meeting had gone well. May's comments came after EC President Jean-Claude Juncker was quoted on Sunday by Germany's FAS newspaper as saying he was "leaving Downing Street 10 times more sceptical than I was before," in an account which suggested that he and May did not see eye to eye on a range of issues.

The European Union is laying out plans to grab control of London's multi-trillion pound euro-clearing market as Brexit talks begin. The Financial Times reports that the "European Commission is preparing to issue legislative proposals in June that would heavily restrict London’s ability" to host clearing activities. 

The head of the World Bank is pushing a terrifying prediction for jobs in developing countries. World Bank president Jim Yong Kim said about two-thirds of jobs in the developing world may be lost to automation. Kim made the comments during a presentation on May 1 at the Milken Institute Global Conference held at the Beverly Hilton.

President Donald Trump told Bloomberg News on Monday that he would be "honored" to meet with North Korean leader Kim Jong Un "under the right circumstances." "If it would be appropriate for me to meet with him, I would absolutely, I would be honored to do it," Trump said. "If it's under the, again, under the right circumstances. But I would do that."

Trump also said on Monday he was contemplating breaking up the big Wall Street banks. "I'm looking into that right now," he told Bloomberg about bringing back the "old system" that separated consumer lending and investment banking.  The move would revive a version of the repealed Glass-Steagall Act that was passed in 1933, which required banks to separate commercial deposit banking from investment banking.

Facebook shares hit a record high of $152.46 on Monday. The social media giant is set to release its first quarter earnings on Wednesday, May 3. According to Bloomberg, analysts expect Facebook to earn an adjusted $1.12 per share on revenue of $7.83 billion. Facebook has beaten earnings estimates almost every quarter that it has been publicly traded.

Bitcoin also soared to an all-time high. The cryptocurrency hit an all-time high of $1,456.35 a coin early on Monday. Bitcoin has been moving higher over much of the past week following news that the US Securities and Exchange Commission will reconsider the Winklevoss ETF.

There has been a major executive shake-up at $500 billion global asset manager AllianceBernstein. New York-based AllianceBernstein, which is 64% owned by France's AXA SA, named JPMorgan Asset Management executive Seth Bernstein as its new CEO and Robert Zoellick, previously president of the World Bank and a former Goldman Sachs executive, as chairman. That's according to a filing on Monday that offered little explanation for the unexpected changes.

UBS Group paid $445 million to settle claims that the Swiss bank sold toxic mortgage securities that helped sink two federal credit unions, a US regulator said on Monday. The National Credit Union Administration said the payment resolves claims that UBS misled the US Central and Western Corporate credit unions about the risks of roughly $1.15 billion of residential mortgage-backed securities bought in 2006 and 2007.

Maltese Prime Minister Joseph Muscat on Monday called a snap general election for June 3, a year before the end of his term. "I will today be asking the president to dissolve parliament for a general election to be held on Sunday, June 3," Muscat said at a rally of his Labour Party. Malta currently holds the rotating presidency of the European Union.

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NOW WATCH: These are the watches worn by the smartest and most powerful men in the world

The price of tokens sold by as part of a fundraise for the decentralized prediction market project Gnosis is on the rise following their release to auction participants today. At the time of writing, GNO tokens were trading for over 0.0455 BTC ($64) on the cryptocurrency exchange Poloniex, a move that represents a more than doubling in […]

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