Bitcoin prices dive as concern over security flaw spooks investors February 10, 2014 BITCOIN prices plummeted as much as 22 per cent during trading yesterday after top Bitcoin exchange MtGox said a flaw with the crypto currency had led it to stop withdrawals last week over security concerns. MtGox described the issue: “A bug in the Bitcoin software that makes it possible for someone to… alter transaction details [...]
Bitcoin falls under $500 as China closes its doors to digital traders December 18, 2013 BITCOIN fell to its lowest price since October yesterday after China took steps to block its citizens from making investments in the digital currency. China’s central bank extended its Bitcoin ban to payment providers that service BTC China, China’s largest Bitcoin exchange, stopping the country’s citizens from buying the currency. Prices on Bitcoin exchanges around [...]
Forget a Bitcoin bubble: A wider crypto revolt is challenging everything December 10, 2013 FOR ALL the talk of a Bitcoin bubble, it’s easy to miss the real significance of what is currently happening. The rise of Bitcoin is just the beginning. Cryptocurrencies are no longer the domain of activists and grassroots movements, they are nothing less than “new money”. Many are waiting for the moment when a central [...]
China banks ban Bitcoin as Wall Street weighs in December 5, 2013 BITCOIN saw volatile trading prices yesterday as investors reacted to news that China’s government banned financial institutions from trading in Bitcoin. Bank of America Merill Lynch (BoAML) also published its first note on Bitcoin – the digital currency that can be traded anonymously and freely worldwide – marking the first major Wall Street bank to [...]
Bitcoin soars above $1,000 November 27, 2013 BITCOIN broke fresh records last night when the price of the digital currency reached $1,073 (£659.60) on popular online exchange Mt.Gox, as market momentum lifted it to a new high. Last week a US Senate committee described Bitcoin – the digital currency that can be traded anonymously and freely worldwide – as a legitimate financial [...]