Undoubtedly the digital currency is the best performing asset class for 2013 The tangible value of Bitcoin is getting credibility as some real demand emerged once again to prop up prices of the digital currency. Current prices recovery to around $820 has started because of private interest – namely Overstock’s CEO Patrick Byrne who revealed…
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 moreThe EBA issues a warning on Bitcoin, while Snoop Dogg jokes with the digital currency and drone deliveries Regulatory warnings and jokes? Does not seem like a really good week for Bitcoin, but not a bad one either, with volatility subsiding a little despite Friday’s news out of Europe. The day saw a double whamming as…
Read morePaypal’s Director sees it as a store of value, adds that regulation will boost merchant adoption As hectic volatility on the Bitcoin exchanges goes on, we are on a mission to explore recent factors behind the latest batch of dramatic moves. Yesterday Swiss lawmakers have given the needed “governmental” boost to the crypto-currency with a…
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 moreOne of the side effects of skyrocketing Bitcoin prices is increasing theft As the end of the month nears Bitcoin is trading near all-time highs of $1000 on the Mt Gox exchange having hit a bit earlier $1073. Discrepancies between the different exchanges are back in place with BitStamp quoting the crypto-currency at $950 with…
Read moreBitStamp upgrades hardware, hires more customer support personnel While the wild ride of the digital currency continues, price discrepancies between different exchanges have subsided. With Bitcoin currently trading at $832 on BitStamp, prices on Mt Gox are $840 - a difference of only $8 is negligible considering the $100 discrepancies we observed a week ago.…
Read moreBitcoin’s wild roller coaster ride takes it from $900, down to $450 and back up to $700 What a week it has been for the virtual currency Bitcoin – prices have been swinging in both directions in roller-coaster mode. As the Senate hearings on the digital currency were ongoing it has rallied all the way up to $900…
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