Deciphering China’s Central Bank Regulation on ICOs In typical fashion, a Chinese news outlet reported something, no one who could translate it reported on it in the west, and a panic ensued, demonstrating just how much influence governments still have over cryptocurrencies. The Chinese central bank allowed this chaos to reign all week, not issuing … Continue reading Deciphering China’s Central Bank Regulation on ICOs
Bitcoin Price Sinks Below $4,200 on China Uncertainty Markets for bitcoin and other cryptocurrencies have fallen over the course of the day, following contested reports that regulators in China are looking to shut down the country's exchange ecosystem. CoinDesk's Bitcoin Price Index (BPI) is currently at about $4,184, representing a nearly 10 percent decline since … Continue reading Bitcoin Price Sinks Below $4,200 on China Uncertainty
Bitcoin Breakout – Price Action Analysis Hints at Possible Pullback The bitcoin price [BTC to US dollar exchange rate] fell to a two-week low of $3,900 on Tuesday, a market movement that represented the biggest decline for the asset since July. Triggered by the sudden news from China that the country’s financial regulators would ban … Continue reading Bitcoin Breakout – Price Action Analysis Hints at Possible Pullback
What you need to know about the latest Bitcoin boom You may have noticed reports about Bitcoin’s value recently – its price is headed into the stratosphere. The crypto-currency’s recent meteoric price rise over the summer has seen one Bitcoin go from being worth $1,500 in early May to more than $5,000 over the … Continue reading What you need to know about the latest Bitcoin boom
Bitcoin's Golden Future Could bitcoin be the next gold?The idea has a lot of intuitive appeal. Gold bugs and bitcoin fetishists tend to share a deep distrust of fiat currency and the nation state, an impregnable bullishness about their favored asset class, and an obsessive attention to details of market movements combined with a blithe … Continue reading Bitcoin’s Golden Future
Bitcoin price drops $200 after new ruling from Chinese regulators Bitcoin's price fell after China announced a ban on initial coin offerings (ICOs) from $4,584 to around $4,350 per bitcoin. This move to be shortlived, according to experts. The move by China is not the first time the country's regulators have attempted to crack down … Continue reading Bitcoin price drops $200 after new ruling from Chinese regulators
Venezuela Cracks Down On Cryptocurrency Mining Cryptocurrency mining has become an important source of income in Venezuela, a country ravaged by hyperinflation, but it has also become hazardous as police are cracking down on people they suspect of using too much electricity. Venezuelans have turned to cryptocurrencies as inflation has ravaged the official bolivar, … Continue reading Venezuela Cracks Down On Cryptocurrency Mining
Record $5,000 Bitcoin Price Triggers $13 Billion Market Sell-Off The bitcoin price touched $5,000 this morning, ushering in a historic moment for the cryptocurrency ecosystem. Unfortunately, this achievement also triggered off a comprehensive market sell-off. Almost every major cryptocurrency–including ethereum, Ripple, and IOTA–experienced significant price decreases. Chart from CoinMarketCap The sell-off led to a significant … Continue reading Record $5,000 Bitcoin Price Triggers $13 Billion Market Sell-Off
Bitcoin Price Nears $5,000; YTD Growth Exceeds 400% 2017 has been a breakout year for bitcoin and the cryptocurrency ecosystem as a whole. Now, as the bitcoin price approaches $5,000, it’s an excellent time to look back at the trials and triumphs that have contributed to this 400% YTD rally. Global Adoption & the Road … Continue reading Bitcoin Price Nears $5,000; YTD Growth Exceeds 400%
Bitcoin's nearly five-fold climb in 2017 looks very similar to tech bubble surge David Ader, chief macro strategist at Informa Financial Intelligence, shows how bitcoin's gains resemble that of the Nasdaq Telecommunications Index before the tech bubble burst. Bitcoin has gained nearly 400 percent this year, helped by increased interest from institutional investors. However, digital … Continue reading Bitcoin’s nearly five-fold climb in 2017 looks very similar to tech bubble surge