Overnight, the Yuan dropped to the lowest point since December 2008, and experts predict further declines.
The initiative is expected to professionalize and legitimize bitcoin as a financial asset.
The billionaire investor who supported Donald Trump as a candidate for US presidency will have his ear on tech issues.
Bitcoin experts previously predicted that the victory of Donald Trump can result in bitcoin price boost.
Segregated Witness has been added to the bitcoin core code on October 27th, offering a range of advantages like malleability fix and an effective block size limit increase.
Bitcoin has reached its highest value in the past three months, while Chinese central bank is tightening its control over the wealth management product funds.
Bitcoin price boost coincides with yuan weakening as Chinese investors suffer from strict capital controls.
Computer scientists predict that the appearance of quantum computers can result in bitcoin’s demise.
ICICI Bank concludes that blockchain enables almost instant transactions that take several minutes.
The value of digital currency surged to a 10-week high on October 11, following the devaluation of the Chinese currency that led to a growing bitcoin demand.
According to the internet entrepreneur, the launch of MegaUpload 2.0 and BitCache will cause the bitcoin price surge.
Bitfinex announced that all trading, deposits, and withdrawals will be temporarily disabled.