Search Results for: cryptocurrency
Former Bitcoin Exchange Operator Pleads Guilty to Bank Fraud
January 11th, 2017
Former Bitcoin exchange operator Anthony Murgio has been involved in a criminal investigation for quite some time now. Earlier this week, Murgio pleaded guilty to charges of conspiring to operate an illegal Bitcoin exchange. This cryptocurrency platform in question is ...
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 ...
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 price jumped above $1,000 for the first time in three years
January 3rd, 2017
It has been a bumper year for bitcoin. Having risen in value in 2016 by 125 percent the digital currency started the new year by jumping above $1,000 for the first time in three years. As most bitcoin trading ...
Blockchain shows great promise to improve accounting issues
December 29th, 2016
While blockchain tech is poised to disrupt a wide variety of industries, it is also poised to dramatically impact those professions that serve all industries. One area that appears primed for massive change is the accounting field. Here, the ...
Uganda Could Be 1st African Country To Regulate Digital Currencies
December 28th, 2016
Some African countries have openly criticized bitcoin use. Others have taken a wait-and-see approach. Bitcoin has enjoyed a rally in 2016 that’s beaten every major currency, stock index and commodity contract, surging 15 percent during Christmas week alone to more than $900, ...
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 passes the $800 mark
December 22nd, 2016
The digital currency bitcoin has passed the $800 value for the first time since February 2014. Bitcoin crossed the threshold around 11:40pm GMT and is currently trading around $815. Charles Hayter, chief executive and founder of digital currency comparison ...
