The People’s Bank of China has been investigating major Bitcoin exchanges in the country including BTCC, Huobi and OKcoin. Huobi and OKCoin have formally announced they have halted margin trading services. The Shanghai Head Office of the People’s Bank of China has found after an initial investigation that BTCC was engaged in illegal operations and…
Read moreAnyoption analyst Elise Blanford takes an interesting look at what is happening right now in the cryptocurrency market, as Bitcoin is leading a charge upward in prices. For more of Elise’s research see the Anyoption blog. [divide] While Bitcoin has had a particularly tumultuous year, the recent surge higher in prices comes amid numerous factors…
Read moreStrengthening dollar + lower volatility = less interest in Bitcoin
Read moreBubble theory confirmed for now as apparently it takes only two days to halve the value of digital investments Is this the end of it? Or will it rise again? Oh well, only the future will tell. For now the nail in the coffin was the unsurprising backtrack of Baidu from previously accepting the digital…
Read morePrices slump $300 from recent highs around mid $1200’s following the announcement The digital currency has been on a tear for the past couple of hours after the PBOC has announced at 08:00 GMT that it is forbidding financial institutions in the country to handle Bitcoin transactions. The announcement is coming only days after deputy…
Read moreThe currency dubbed ‘gold 2.0’ briefly traded above the price of its long term store of value competitor Yes, it has finally happened – gold has been dethroned as a store of value and an inflation hedge! Oh well, maybe it’s too soon to predict the doom of an age old currency such as physical gold…
Read moreitBit aims at facilitating institutional investors with rock solid security and regulatory compliance As Bitcoin Magazine first reported yesterday, we have a new global player from Singapore that has launched a new bitcoin currency exchange. Attracting some serious venture capital companies such as Canaan Partners and RRE Ventures the company has raised about $3.25 mln,…
Read moreLatest batch of Bitcoin investors are Chinese players triggered by Baidu's decision to accept Bitcoin payments. Apparently the more news about Bitcoin, the better for the digital currency. We all remember the astronomic rise in Bitcoin prices that we observed back in March/April thanks in large to the mainstream media spelling out the name "Bitcoin"…
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