The Commonwealth Bank has joined with cryptocurrency exchange Gemini and blockchain analysis firm Chainanalysis to offer customers the ability to buy, sell and and hold cryptocurrency assets.
The move by worldwide online payments system PayPal to allow customers to hold bitcoin and other virtual currencies in their online wallets will end up making more than a few cyber criminals richer, a senior technologist has claimed.
San Francisco-based Kraken, a secure bitcoin exchange, has launched operations in Sydney, with the Australian dollar to become its seventh fiat currency.
The ephemeral nature of cryptocurrencies has been underlined this morning by two stories: one claims bitcoin and most other cryptocurrencies will hit zero, while the other says the cryptocurrency market could hit US$1 trillion this year with bitcoin surging to US$50,000.
China is set to block all websites, local and foreign, connected with trading in cryptocurrencies or initial coin offerings, a newspaper affiliated to the People's Bank of China says.
An Indian official has clarified that the country has not imposed, nor intends to impose, a ban on cryptocurrencies.
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