From Simon Black: Something pretty miraculous happened recently. It appears that Jamie Dimon, CEO of JP Morgan Chase, went nearly TWO WEEKS without bashing Bitcoin.
From Tyler Durden: On the back of (unconfirmed) rumors suggesting China may back down from its harsh stance of ICOs and crypto exchanges following this week’s National Congress, the price of Bitcoin soared overnight, testing near $5900 before falling back a little this morning.
From Tyler Durden: Having bounced back from China’s exchange closures and Dimon’s damning, Bitcoin just broke above its pre-China ICO ban highs and traded above $5000 for the first time in history.
From Tyler Durden: After weeks of uncertainty surrounding Russia’s plans for cryptocurrencies, local news outlet RBC reports overnight that Bank of Russia is working with the country’s general prosecutor to block all exchanges offering Russians the opportunity to buy and sell cryptocurrency.
From Tyler Durden: Bitcoin continues to march back towards its record highs, breaking back above $4600 for the first time since September 8th.
From Tyler Durden: No matter what Jamie Dimon may say, bitcoin’s durability can be expressed by one simple fact: With a market cap of $100 billion, digital currencies have become too big for banks to ignore.
From Tyler Durden: Bitcoin just topped $4400 for the first time since in over 3 weeks and has now erased all of the plunge losses from Jamie Dimon’s “it’s a fraud” and China’s shuttering of all local exchanges.
From Keith Weiner: Carl Menger, father of the Austrian School of Economics, showed the world that money is not the product of the state. He did not mean that government is intrinsically incapable of decreeing something to be money while other groups, organized for different purposes, could do it.
From Tyler Durden: A week after Jamie Dimon made headlines by proclaiming Bitcoin a “fraud” and anyone who owns it as “stupid,” the JPMorgan CEO faces a market abuse claim for “spreading false and misleading information” about bitcoin.
From Tyler Durden: Despite headlines from WSJ of “the most draconian measures ever” against Bitcoin, the cryptocurrency traded up over $1100 from its post-China-“ban” lows and has topped $4100 once again as the world slowly wakes up to the nonsense that shutting down a completely decentralized system is possible, and the fact that China has long-since lost any […]
From Tyler Durden: Last year, India launched a shocking “war on cash” when on November 8, 2016 it unveiled a demonitization campaign in an effort to wipe out huge amounts of so-called ‘black money’ and streamline its largely cash-based economy.
From Chris Kimble: Legionary investor Sir John Templeton, once shared that outside of the bible, he had learned more from one book than any other.
From Tyler Durden: Yuan-denominated Bitcoin has crashed as much as 25% 35% in Chinese trading, plunging from 25,000 yuan to as a low of 16,000 on local exchanges BTCChina (and as low as 20,000 on OKCoin), following confirmation of last week’s Caixin report that Beijing would stop cryptocurrency exchange trading.
Bitcoin is a cryptocurrency that has drawn incredible attention from the general public. This is particularly true in 2017, when the price of one Bitcoin started to rise tremendously.
Bitcoin prices were hammered early this week, as the Chinese government made a surprise announcement banning any future Initial Coin Offerings (ICOs).