Search Results for: Bitcoin price
Leveraged trading in bitcoins halted in China
January 20th, 2017
Central Bank orders major trading platforms to halt leveraged trading business, and strengthen internal systems to curb money laundering Leveraged trading in Bitcoins has been halted in China, nearly a week after the central bank launched its first-ever probe ...
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 ...
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 ...
Bitcoin is crashing
January 5th, 2017
Bitcoin is getting smashed. The cryptocurrency was down 18% to about $892 per coin as of 8:17 a.m. ET on Thursday. It is the biggest drop in two years. Earlier this week, on its first trading day of the ...
Bitcoin hits a record high, but can it rival gold as a safe haven?
January 5th, 2017
With economic and geopolitical risks on the rise, bitcoin boosters are championing the ability of their crypto-currency, which hit an all-time high this week, to rival gold as a safe-haven play. “When the existing money system has problems, people ...
Bitcoin best performer of 2016, outlook bullish for next year
December 27th, 2016
Sentiment very bullish for 2017; prices could touch all-time peak of $1,161 Bitcoin has emerged as the most remunerative asset in 2016. Analysts are bullish on the asset class which has surpassed almost all others. Even gold, which was ...
Value of bitcoins in circulation hits record high of $14bn
December 23rd, 2016
Price per coin at $875 as cryptocurrency’s value doubles in a year, with experts linking it to depreciation of Chinese yuan The total value of all bitcoins in circulation hit a record high above $14bn (£11bn) on Thursday, as ...
Bitcoin adoption in India sees surge
November 30th, 2016
Unocoin, an Indian bitcoin start-up, has unveiled a new app for Apple’s mobile operating system iOS and Google’s Android platform. According to the firm, the app will allow consumers to buy, sell, send, receive and store bitcoins, all in ...
