Two Big Factors Are Driving Up Bitcoin Prices

Why is the price of BTC on the rise? Blame bullish market sentiment and low liquidity. Traders and investors became bullish after weeks of lull trading following the aftermath of the Bitfinex hack a few weeks ago. Another cause was short squeeze which forced speculators to close out short positions. Read more at CoinDesk Photo…

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Singapore Central Bank Proposes New Rules for Bitcoin Startups

Singapore’s central bank has proposed a new regulatory framework for payments that could cover digital currency exchanges. Digital currency exchanges would be covered by a provision overseeing startups that provide “money transmissions and conversion services. “The scope of currency conversion activities is intended to encompass the business of exchanging of currencies at a rate of…

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