Bitcoin’s trading range is narrowing as speculators seek positions on the right side of a potential break-out.
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Jeff Garzik used to exchange e-mails with Satoshi Nakamoto before the anonymous creator of bitcoin disappeared years ago. He doubts Satoshi has resurfaced again.
Investors are being forced into bitcoin and gold by persistent monetary stimulus by global central banks, which has eroded the store-of-value characteristics from traditional financial markets. By Rob Price.
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With worries about a currency war growing and bond yields collapsing, investors have reached for their usual haven of gold. Only this time it has a friend: bitcoin.
Bitcoin climbed past the $11 000 level for the first time since mid-July to lead gains among the biggest cryptocurrencies, as risk assets across Asia tumbled on escalating trade war tensions.
As cryptocurrency prices tumbled across the board last year, venture capitalists focused their attention on the promise of the underlying technology. That, many said, was the smarter bet. Now, the tables have turned.
Bitcoin slid below $10 000 just three weeks after surging above it for the first time in more than a year as US legislators expressed deep scepticism about the viability of cryptocurrencies.
View the latest contribution from TechCentral cartoonist Jerm.
South African online payments provider PayFast is ditching bitcoin as a payment method, saying the cryptocurrency has several “limitations and design flaws that make it an impractical substitute for cash”.