Bitcoin price under pressure as regulatory concerns mount

The price was around $32,820 per coin, while rivals Ethereum and Dogecoin were trading around $2,110 and 20 cents per coin, respectively, according to Coindesk.

The plan was confirmed by the payments company in a tweet on Thursday.

Bitcoin wallets can be stored at cryptocurrency exchanges, where bitcoin can be bought and sold for traditional currencies or other virtual coins.

The announcement came shortly before U.S. Senator Elizabeth Warren flagged growing risks posed to consumers and financial markets by the cryptocurrency market, according to Reuters.

."We have decided to build a hardware wallet and service to make bitcoin custody more mainstream...," Jesse Dorogusker, head of hardware at Square said in a twitter thread.

Jack Dorsey is CEO of Square Inc.

Warren on Thursday raised concerns about the need to regulate the cryptocurrency market in a letter to Securities and Exchange Commission Chair Gary Gensler, according to Reuters.

Many companies have emerged to protect customer assets from online theft


In other Cryptocurrency news, Israel said Thursday it will begin seizing cryptocurrency accounts used by the Palestinian Hamas group to raise money for its armed wing.

Israeli Defense Minister Benny Gantz ordered security forces to seize the accounts after a joint operation "uncovered a web of electronic wallets" used by Hamas to raise funds using bitcoin and other cryptocurrencies, the ministry said.

It said Hamas has been waging an online campaign to raise donations for its military wing, efforts that accelerated after the 11-day Gaza war in May. Cryptocurrencies such as bitcoin are favored for illicit transactions because they are perceived as hard to trace.

Sourse: foxbusiness.com

Start mining bitcoin now

Start trading bitcoin now

Category: News | Views: 191 | Added by: danyagames2007 | Tags: #Bitcoin #Bitcoin Price #BTC | Rating: 1.0/1
Total comments: 0
Name *:
Email *:
Code *:
The Bitcoin cycle will last 1,000 days, one analyst says, as crypto rallies despite 40% volume drop (5)
This Country Could Make Bitcoin a Legal Tender After El Salvador (0)
Bitcoin Market State: Investors Holding Steady Instead of Selling Large Volumes like 2018, But Volatility to Remain Under Pressure until Q3 (0)
Apple Co-Founder Steve Wozniak Calls Bitcoin a "Miracle," Says It's Better Than Gold (0)
We must stop bitcoin before it's too late (0)
Bitcoin price under pressure as regulatory concerns mount (0)
In First, Israeli Authorities Seize Digital Wallets Containing Bitcoin and Other Cryptocurrencies Destined for Hamas (0)
The Wyckoff Accumulation: Why Is Bitcoin at a Critical Level According to the Model? (0)
When Will Bitcoin Rally Again? (0)
Elon Musk Receives Amusing Request to Start Pumping Bitcoin Again But He Says "No" (0)