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.
The Chinese company that makes most of the world’s bitcoin mining rigs – as well as a big pile of mining and crypto-trading profit – is thinking about a stock market listing
Bitcoin dropped below $6 000 and dozens of smaller digital tokens tumbled as this month’s selloff in cryptocurrencies showed few signs of letting up.
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.
Cryptocurrencies slumped on Wednesday, with bitcoin tumbling below $6 500 for the first time since July.
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.
Who’s using bitcoin to buy and sell goods and services? A lot fewer people than you probably would have guessed.
