In a mad dash to cash, traders were dumping virtually all kinds of assets in favour of good hard cash on Monday, which just saw one of the largest one-day market declines ever. When all the damage was totaled, the Dow Jones Industrial Average dropped by 1,175, or 4.6%. The broader S&P 500 index fell…
Read moreAs the gavel came down at the US Marshal Office Bitcoin auction, the entire lot was sold to one bidder, resulting in plummeting values.
Read moreBitcoin was shattered by Chinese news again, so why is this good news for the community in the long run? It has happened – Chinese authorities have taken all the series of steps to completely discourage the use of the digital currency in the country for whatever reason. First they declared it as a speculative…
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…
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