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The Huge Price Gap Between Bitcoin Futures and Bitcoin Is Shrinking

The exorbitant price gap between bitcoin futures and the underlying digital currency is beginning to dwindle.The spread between the two has narrowed by more than half, in a sign that the bitcoin futures market may be getting more efficient less than a week after...

Bitcoin Has Some Bad News, and Nobody Cares

What would dampen a buyer's enthusiasm for Bitcoin, the cryptocurrency whose uncharted, speculative price bubble has eclipsed history's tulip manias and gold rushes?Three things come to mind: a security breach or theft, a major retailer warning against its patchy record as a method of...

Coinbase Loses Bid to Block U.S. Tax Probe of Bitcoin Gains

Coinbase Inc. lost a bid to block an Internal Revenue Service investigation into whether some of the company’s customers haven’t reported their cryptocurrency gains.U.S. Magistrate Judge Jacqueline Scott Corley in San Francisco ruled that the tax agency’s demand for information isn’t overly intrusive. The...

Bitcoin Surges Past $7,000 to Extend Record Rally

Bitcoin surged past $7,000 for the first time, breaching another milestone less than one month after it tore through the $5,000 mark.The digital currency got new impetus this week after CME Group Inc., the world’s largest exchange owner, said it plans to introduce bitcoin...

Bitcoin Futures Could Open the Floodgates for Institutional Investors

Bitcoin is spiking to a record after CME Group Inc. said it’s planning to launch bitcoin futures as the move could open the floodgates of investors who have been standing on the sidelines as bitcoin soared over 500 percent this year.The cryptocurrency jumped as...

Jamie Dimon Said He Wouldnt Talk About Bitcoin Anymore. That Lasted One Day

Jamie Dimon said Thursday that he was done talking about bitcoin. Apparently not.On Friday, the JPMorgan Chase & Co. chief executive officer repeated much of his September rant against the cryptocurrency, saying people who buy bitcoin are “stupid” and that governments will crush it...