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Find out more | Those used to the movement of the FTSE or the Dow stock charts must be horrified (or maybe exhilarated) by the extreme movement of the Bitcoin chart. I have heard it said that one month is cryptoland equals one year in the real world, and a look at the volatility of the Bitcoin price over the last eight days bears that out. Early trading on Tuesday saw a drop to $8,831, the week’s low. There followed a steady climb until the middle of Thursday when the price suddenly shot up to $9.822. More steady climbing saw it almost breach the $10,000 mark on Saturday and Sunday before falling again. First thing on Monday the fall was quite precipitous, and again today, so that at the time of writing the Bitcoin price is $9,163. As well as these sudden climbs and falls, the price jigs around all over the place on an hour-by-hour basis. Just take a look at the chart for the last week: 
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Unlimited Demo Account Start trading now | Bitcoin Naysayers This week a lot of prominent people have been talking down Bitcoin. First up, it’s Warren Buffett, who once again has blasted cryptocurrencies, warning that they will “come to bad endings”. Read his latest remarks on ccn.com It’s not just the chairman of Berkshire Hathaway who is scornful about Bitcoin – the vice chairman Charlie Munger used an extreme metaphor when he said, “Suppose you could make a lot of money trading freshly harvested baby brains. Would you do it?” he asked. “To me bitcoin is almost as bad.” Wow. Read his comments on ccn.com Bill Gates is also no fan of Bitcoin. He believes cryptocurrencies are worthless investments and says he would “short it if there was an easy way to do it.” He must be unaware of the various ways he could do that if he really wanted to. Read what Bill said on ccn.com Toning down the weird metaphors, investment bank GP Bullhound is just as pessimistic. They have issued a report that predicts a 90% correction leading to a “mass market wipeout”. Read this doom and gloom on ccn.com | 
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Book now for earlybird discount | Exchange and Bank News Morgan Stanley has published research into online cryptocurrency exchanges, and the result shows that the majority of trading volume flows through exchanges that are registered in Malta. Read about the report on Business Insider Crypto exchange giant Coinbase values itself at $8 billion – considerably higher than the $1.6 billion valuation last August. More proof that if you want to make money in crypto, set up an exchange! ccn.com has the details After months of denials, Goldman Sachs has finally admitted that yes, it does plan to launch a Bitcoin trading desk. It plans to use its own funds to sponsor a variety of investment contracts tied to the Bitcoin price. The New York Times has the story Cryptocurrency Crime A study into cybercrime has shown that cryptocurrencies are becoming more and more popular as a means of laundering criminals’ dirty money. For examples, cybercriminals are using Bitcoin ATMs to convert the proceeds of their crime into digital assets which are harder to trace. Read about the report on CryptoSlate By contrast, a report into money laundering and terrorist activity in Hong Kong says that the Hong Kong Police Force sees “no apparent sign of organized crime or ML/TF concerning trading of cryptocurrencies,” although they have been used as a pretext in Ponzi schemes. Get the details on Forbes Police in Dubai have arrested ten people who are alleged to have stolen approximately $1.9 million from two victims in an armed theft involving a Bitcoin purchase. The two victims wanted to buy Bitcoin in a peer-to-peer exchange, but the ten gang members pretended to be sellers in order to lure them to meeting, assault them and make off with the cash. Read the story on ccn.com A cybercriminal arrested on a train in London by undercover police last year has had his stash of Bitcoin, worth about £700,000, seized by the London Metropolitan Police. He admitted to being behind cyberattacks on more than 100 companies in 2015, and will be sentenced later this month. Get the details from USA Today Iceland’s Bit Bitcoin Heist Two follow-up stories about the biggest heist in the history of Iceland, where thives made off with roughly $2 million worth of Bitcoin mining computers. First is an interview with Sindri Stefansson, who is alleged to be the mastermind behind the case. Regular readers will recall he absconded from jail and fled to Sweden, but was later captured again in the Netherlands. In an interview with the New York Times, Stefansson said he regretted having fled, and gave more details about his escape. Read the interview here Meanwhile Icelandic authorities think the missing computers may have ended up in China. Iceland’s police have sent an enquiry to Chinese police about the latter’s seizure of 500 mining rigs last month. Could these be the ones stolen in the heist? Read the story on ccn.com | 
ETORO – Trade – Invest Exclusive to ADVFN users: an introduction to cryptocurrencies. Crypto needn’t be cryptic! Download free E-book Highly volatile investment product – your capital is at risk | Governments and Crypto Bitcoin is just like fiat currency, says a content strategist with the Federal Reserve Bank of St Louis. Christine Smith suggests the cryptocurrency is less “exotic” and more boring that people think. Read why she thinks that on ccn.com Chinese cryptocurrency traders are using their own slang to hide their activities from the authorities. They use terms such as “pancakes” and “egg tarts” in chat rooms to talk about their activities. Of course, now that this has become public knowledge they will need to come up with new terms that remain secret from the Chinese government… Read about this new crypto slang on Quartz Speaking of China’s crypto ban, one commentator doesn’t think it’s going to be lifted soon. Desmond Marshall, Head of The Floor HK, explained that the ban doesn’t stop companies developing uses for the blockchain, but anything to do with cryptocurrencies and ICOs remains “a definite no-no.” Read his remarks on Finance Magnates ICOs A market research report into ICOs reveals that 46% of those launched so far this year have no business plan. Definitely a case of “buyer beware”. Read about this shocking report on Finance Magnates Other News Leaving aside the Chinese slang mentioned above, the world of crypto has developed its own slang terms that can confuse those not in the know. Here’s a rundown that explains just what they mean. Read the crypto lexicon on Business Insider Blockchain is supposed to be the secure way to share data with someone else securely without needing to trust them. So just how secure is it? MIT Technology Review has a go at determining that, and finds it’s not as easy a question to answer as it sounds. Read the article here A physicist at Stanford has found a connection between swirling liquids, and Bitcoin transactions. Yes, apparently fluid dynamics operate in the same way as the mathematical functions used to secure digital information. Read about this in Stanford News Reddit is planning to take payments in cryptocurrencies again, after it dropped the facility a few months ago. The social media platform has announced that its gold members will once again be able to pay in crypto, and they are adding more currencies. Read the story on Coindesk American purveyors of processed pork Oscar Meyer are launching their own cryptocurrency – the Bacoin. Mmmm... bacon… Yes, it’s a spoof and a marketing ploy but it just shows that cryptocurrency is starting to enter the mainstream. Read about Bacoin on News BTC But wait… it turns out that there is already a cryptocurrency called Bacoin, and the owner has sent a cease-and-desist letter to Oscar Mayer. Read the story on Gizmodo Finally, if you want to bone up on what lies behind the encryption of cryptocurrency transactions, here’s a primer on private keys. Read about them on Finance Magnates The Crypto Trader News, information, tips and opinions on all things to do with cryptocurrency. Purchase a subscription with Bitcoin, LiteCoin, Ethereum or PlusOneCoin. Click here for more information New Book on Cryptocurrencies out now
from Clem Chambers The CEO of ADVFN, Clem Chambers, has a new book on cryptocurrencies out now in paperback and for the Kindle. Click here to buy the book from Amazon Trading Cryptocurrencies: A Beginner’s Guide - Bitcoin, Ethereum, Litecoin is an invaluable guide to making money in cryptocurrencies: how they work, how to invest in them, trading cryptocoins, mining, and the technical details behind them. 
Click here to buy the book from Amazon CME Bitcoin Futures ADVFN (LSE:AFN) is now offering free CME Bitcoin Futures data to its four million registered users. Anyone visiting the ADVFN site can obtain quotes, view charts and access real-time news for CME Bitcoin Futures here. Users can add these contracts to their portfolios and see bid, offer, highs, lows and current prices along with traded volumes. They can also view them on their monitor pages alongside their other investments. | 
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