The speculation about the Bitcoin crypto system is causing investors high losses this week.
Bild: dpa

The descent of Bitcoin continues. The krypto investment is reduced by about ten percent and costs less than $ 9,000. Investors have lost about 25 percent this week. What's up?

true

A In the face of increasing regulation by authorities worldwide, cryptocurrencies are coming under increasing pressure. The value of a unit of the most well-known digital currency Bitcoin fell on Friday on leading trading platforms like Bitstamp under $ 9,000. A minus of ten percent to $ 8366 was recorded. This week alone, the Bitcoin has lost a good quarter of its value. Other cryptocurrencies, such as ripple or litecoin, also dropped significantly.

A harsh crackdown by authorities in Japan and the United States on crypto exchanges is causing a downward spiral. Japanese financial supervisors announced two trading venues on Thursday to cease operations for one month. Further exchanges filled them with penalties. In addition, they called on the big crypto-exchange Coincheck to tighten their action against money laundering. Furthermore, the trading platform Binance had to temporarily stop trading because of a hacker attack.

In addition, the US Securities and Exchange Commission SEC puts crypto exchanges on the short leash. To protect investors and avoid fraud and tampering, crypto exchanges would in future have to obtain SEC filings or exemptions under certain circumstances, it said Wednesday. Above all, "Initial Coin Offerings" should fall under it. In these "digital IPOs," companies are collecting money from investors who usually pay in cryptocurrency.

On Friday, China's central bank chief Zhou Xiaochuan warned against dangers of speculation with cryptocurrencies. But check to what extent you could even use the underlying technology.


Companies pass on tax savings from the reform, above all, to investors. For fluctuating stock prices, this could be a stabilizing factor.
                                    


In the euro crisis authorities for banks increased the capital requirements. An economist shows why this backfired.
                                    

  • Published / Updated:


First voices in America warn of a new financial crisis. Including not only dubious crash prophets, but established economists. About the possible trigger, the experts are divided.
                                    


The Dax companies pour out for 2017 about 37 billion euros. Some companies pay more dividends than expected.
                                    

.



Source link

Posted in News and tagged , , , , , , ,