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Bitcoin price reaches its “pre-crisis” level despite China’s crypto giant BTCC exchange has stopped accepting yuan and cryptocurrency deposits.
Mainstream chat app Kik raised nearly $100M for its new Kin token to be used by messenger’s 15 million audience as the primary transaction currency.
It seems, that bitcoin finally gains momentum after the succession of equally infamous and disturbing news about China’s decision to ban ICOs and shut down all bitcoin trading.
According to James Altucher, experienced trader and venture capitalist, Amazon will start accepting Bitcoin as a new method of payment as early as in October.
Rainer Michael Preiss shares his opinion about bitcoin, which has been in the center of attention attracting a lot of criticism lately.
Ending a range of downturns Bitcoin recovers, despite Ray Dalio, Bridgewater Associates’ founder, calls it “a bubble”, and Jamie Dimon, CEO of J.P. Morgan, recently declared it a “fraud”.
Jamie Foxx joins the list of famous crypto enthusiasts, already containing Floyd Mayweather, Luis Suarez, and Paris Hilton, promoting an ICO for Cobinhood.
OkCoin and Huobi are to stop all trading services for local customers till the end of October putting an end to crypto exchange markets in any form in China.
The public often feels somewhat split about the new advances in technology – they can be both exciting and daunting. Some inventions enter the mainstream almost overnight, and for others, it takes time to adjust and adopt. One example of such harder to comprehend innovations can be seen in the phenomenon of cryptocurrencies and their rise as a medium of exchange.
Following two successful ICO promotions, the undefeated boxer is now advertising a new bockchain startup aimed at simplifying the use of digital currency.
Chineese authorities have ordered domestic Bitcoin exchanges to cease trading and immediately notify users of their closure.
Charlie Lee claims that OKCoin and Huobi are meeting regulators today. Whether this would make the two exchanges follow BTCC’s decision to halt trading remains unknown.
The first of China’s bitcoin exchanges BTCChina (BTCC) has announced its shutting down the domestic cryptocurrency trading at the end of September. The recently appeared rumors that China is going to ban all domestic cryptocurrency exchanges are becoming reality.
John McAfee challenged J.P. Morgan CEO Jamie Dimon’s skeptic statement about bitcoin on Wednesday, September 13.
J.P. Morgan chief compares bitcoin rally with the tulip bubble while the US has more debt than any point in its history. The amount owed shoots past $20 trillion.