The Basics about Cryptocurrency
Contrary to what the charts were indicating 36 hours ago, Monero successfully changed its course to stay away from the US$10 price point. Instead, the value is now heading back to US$12, which can mostly be attributed to Bitcoin’s timely price increase over the past 24 hours. XMR didn’t do much, nor did it spark …
Bitcoin price has picked up yet again. The price of the popular digital currency has crossed the $700 mark. Like always, even this time the increase in price is driven by rising demand among the Chinese investors. The latest developments in Bitcoin ecosystem is being closely watched not just by the cryptocurrency community, but also …
A new documentary called ‘Banking on Bitcoin’ is to release in select theatres and VOD on January 6. Focusing on the 2008 financial crisis with many bitcoin advocates questioning early on why money was being controlled by central banks, the documentary highlights bitcoin as a ‘monetary revolution.’ Despite the fact that money has been issued …
Bitcoin, which sustained an optimistic price rally over the past week, substantially declined in value within the last 24 hours, plummeting by 21 percent after the Chinese government issued a warning to Bitcoin users against potential risks. On Jan. 5, the People’s Bank of China (PBOC) released a statement to emphasize their stance on Bitcoin …
Reports are coming in that officials from the People’s Bank of China jointly with the Shanghai’s Financial Office met with the head of BTC China. Following “abnormal price fluctuations” and “to guard against risks and maintain financial stability,” the Chinese authorities wanted to understand the operation of the trading exchange and: “Urged the platform to …