Money

Bitcoin has enabled criminal money laundering and needs to be regulated at a global level, ECB president Lagarde says

5 days ago   |   By Business Insider

Christine Lagarde, President of the European Central Bank, speaks to the media following a meeting of the ECB governing board
Thomas Lohnes/Getty Images
Bitcoin has enabled criminal money laundering and must be regulated at a global level, ECB President Christine Lagarde told Reuters in an interview on Wednesday. Bitcoin is a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity," Lagarde said. "There has to be regulations and this has to be agreed upon" at a global level, Lagarde told Reuters. Sign up...
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Bitcoin has fallen below $35,000 to key technical levels that analysts say could be make or break for the next move higher

5 days ago   |   By Business Insider

A visual representation of the digital Cryptocurrency, Bitcoin.
Chesnot/Getty Images
The Bitcoin price hovered around $35,000 and technical analysts said this point was a pivotal one on the daily charts.
A break above this level could push Bitcoin back towards all-time highs around $41,000, while a marked drop below could trigger a fall towards key support at $30,000, they said.
Although the longer-term outlook for both cryptocurrencies remains skewed to the topside, further losses look likely in the coming days," DailyFX strategist Daniel Moss said in a note.
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