Global banks warn of bitcoin risks
The Futures Industry Association has warned of a lack of transparency
The Futures Industry Association has warned of a lack of transparency
Five Kiwis talk about the cryptocurrency phenomenon.
Kiwi dollar was heading for a weekly decline, after being dragged lower by the Oz dollar.
Mining operations have become big business amid the stratospheric rise in cryptocurrencies
The digital currency has surged by more than 1500 per cent this year.
The kiwi declined to US68.60c at 5pm from US68.76c at 8am.
The S&P/NZX50 Index gained 41.74 points, or 0.5 per cent, to 8,172.6.
The value of bitcoin has soared nearly 1200 per cent this year.
Some kittens are listed on its site for more than 50 ether, or about US$22,500
British man accidentally threw away $156 million worth of Bitcoin codes.
Dow climbed to a record 24,534.04 while the S&P 500 touched a record 2,665.19.
Market capitalisation now exceeds the annual output of whole economies.
Former English teacher has swapped the classroom for the stars.
The S&P/NZX 50 Index slipped 3.96 points, or 0.05 per cent, to 8,184.87.
Bitcoin recently broke the US$10,000 barrier.
Kiwis can buy a loaf of the bread for just 28 cents - but there's a catch.
COMMENT: The hype around Bitcoin hit crazy new heights last week. Where will it end?
Announcement comes in the week virtual currency shot through the US$11,000 mark.
The New Zealand dollar fell to a week-low.
Opec agrees to keep supplies tight and bolster prices.
The value of bitcoin has surged past the US$10,000 mark
The cryptocurrency Bitcoin has soared to another high, and has more records in its sight.
The Auckland-based company reported a net loss of $3.6 million.