Coin Congress Day 1: Debate Over New York Regulation Rages On
The first day of Coin Congress consisted of opinions on the NYDFS framework and an interesting BTC trading presentation.
Digital Currency Group's Genesis Trading and bitcoin hedge fund Binary Financial are set to participate in a government auction of bitcoin this week.
The bitcoin price has plunged into the low-$300s in December, as a bearish month closes out 2014.
The price of bitcoin has hit its highest level in the last year, trading at $436 and climbing at press time.
The second USMS auction of 50,000 BTC is attracting many of the same bidders, if less fanfare.
Binary Financial has debuted BTC-01, a bitcoin liquidity service that aims to target high net-worth investors and wealth managers.