Bitcoin recovered from the lowest level since June and scores of smaller digital tokens rallied as concern eased that investors are giving up on the virtual alternatives to cash after this year’s collapse in prices.
In this episode of the podcast, Duncan McLeod interviews Stephen Young, chief product officer at a new, Cape Town-based cryptocurrency exchange called Coindirect, which is focused on facilitating crypto trading in emerging markets, especially in Africa.
The ratio of legal to illegal activity in bitcoin has flipped, according to Lilita Infante at the US Drug Enforcement Administration.
Bitcoin slipped below $7 000 to its lowest level in three weeks, as seemingly positive sentiment surrounding the largest virtual currency soured over the weekend.
A huge wrong-way bet on bitcoin has left an unidentified futures trader unable to cover their losses, putting counterparties at risk and threatening to dent confidence in one of the world’s largest cryptocurrency venues.