Search Results for: Bitcoin exchange
Bitcoin hits one-month high after drop in China FX reserves
February 8th, 2017
Bitcoin jumped more than 2 percent Tuesday to its highest since Jan. 4 amid a surge in speculative activity in Chinese exchanges after a drop in China’s foreign exchange reserves. “The volume in the Chinese exchanges is starting to ...
As Bitcoin ETF Nears, Analysts Warn of Trading Frenzy
February 7th, 2017
If the Securities and Exchange Commission approves a bitcoin exchange-traded fund next month, it might set off a speculative rush into bitcoin. An easily accessed ETF that tracks the value of bitcoin could cause money to flood into the ...
Bitcoin is busting out
February 2nd, 2017
Bitcoin is busting out of its range that had been in place for the middle part of January. The cryptocurrency spent the past two weeks trapped at the $880 to $920 resistance level but has finally broken through. Bitcoin ...
Venezuelan authorities arrest 4 bitcoin miners
January 27th, 2017
Venezuelan authorities have arrested four people allegedly involved with a cryptocurrency-mining operation based in a small city about an hour and a half’s drive from Caracas, according to local media reports. Three men and one woman with ages ranging ...
Italian policymaker links bitcoin to mafia-controlled casino ops
January 26th, 2017
Bitcoin is giving Italian mobsters a legal way to enter the gambling industry. That was the bold claim made by Lucrezia Ricchiuti, who is convinced that the popular digital currency can be linked to casino operations runs by the ...
The Path to $10,000 Bitcoin
January 16th, 2017
So let’s imagine a scenario in which tens of trillions of at-risk wealth suddenly seek an alternative–any alternative to staying in an asset class that’s circling the drain. As my colleague Davefairtex observed recently, the paint isn’t quite dry ...
A controversial Russian Ponzi scheme is betting on Bitcoin to relaunch in Nigeria
January 12th, 2017
A month after it suspended operations in Nigeria, Mavrodi Mondial Moneybox (MMM), a Russian Ponzi scheme with over 2 million participants in Africa’s most populous country, is already plotting its comeback. MMM claimed it had to temporarily close operations ...
Bitcoin’s Price Volatile at $900 as China Concerns Linger
January 10th, 2017
Bitcoin prices experienced intense price volatility on 9th January, continuing a trend that’s been the new normal since late last week. Prices fell nearly 5% in less than two hours across global exchange today, declining from an opening price ...
Here’s Why Bitcoin’s Dramatic Rally Just Came to an End
January 9th, 2017
A dramatic rally in digital currency bitcoin came to a spectacular end on Thursday with a plunge of up to 20% as China’s yuan rose sharply—further evidence of an intriguing inverse relationship between the pair. Bitcoin had gained more ...
Bitcoin Extends Loss After China’s Central Bank Warns Investors
January 9th, 2017
PBOC officials tell bitcoin platform to rectify issues Bitcoin surged 120% in 2016 as yuan depreciation quickened Bitcoin extended Friday’s tumble amid concern China will tighten rules on the digital currency to curb capital outflows. The cryptocurrency slid 1.2 ...
