Bitcoin (BTC/USD) tacked on USD 4.23, or 1.06%, on Slovenia-based BitStamp to trade at USD 404.23 during US morning hours. BitStamp prices fell to USD 379.50 on 19 September 2014, a level not seen since early April 2014. The price of a Bitcoin on Bulgaria-based BTC-e added USD 5.50, or 1.43%, to trade at USD 388.71, while prices on Singapore-based itBit advanced USD 2.08, or 0.52%, to trade at USD 402.18.
According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency inched up 1.04% to trade at USD 400.68. Market players remain concerned about possible regulation of the virtual currency among other adverse events in the industry.
New Yorks Department of Financial Services proposed a BitLicense In July 2014. As per the proposal, firms would have to obtain a license to engage in the virtual currency business.
EUR-denominated Bitcoin prices (BTC/EUR) rose EUR 3.59, or 1.15%, to trade at EUR 316.00 on US-based Kraken Exchange. CNY-denominated Bitcoin prices climbed CNY 19.53, or 0.8%, to trade at CNY 2,472.60 on Beijing-based OKCoin, while prices on Shanghai-based BTC China rallied CNY 25.26, or 1.03%, to trade at CNY2,476.35.
In recent news, The Digital Currency Council was launched, to foster best-in-class practices for accountants, lawyers and financial professionals in the digital currency economy through training, certification and ongoing support.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.