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 [...]