On Sunday, major mainstream media outlets reported that a crypto millionaire sprayed more than $12 million worth of cash in one of Hong Kong’s poorer neighborhoods. Speaking to CCN, Leonhard Weese, the president of the Bitcoin Association of Hong Kong, confirmed that Wong Ching Kit, a 24-year-old man who was arrested almost immediately after causing
“It seems as though there’s a broad crypto bounce with all main coins up,” David Thomas, director and co-founder at GlobalBlock, said in an email. "It will take a concerted move higher in cryptocurrencies in order to signal an end to the crypto crash. For Ether, a technical gauge suggests the bounce could be just the beginning.
Bitcoin prices are moving higher on Monday, looking to claw back last weeks losses that dragged the best-known cryptocurrency below $3,200 for the first time since Sept. 2017.
After setting one new low after another, the bitcoin-to-dollar rate on Monday underwent a sharp bullish correction to register a fresh high at 3450-fiat. The upside action followed a low-volumed consolidation trend over the recent weekend trading session. The late night activity on Sunday, nevertheless, looked sharper and trade volume across the leading bitcoin pairs
Asia’s largest crypto and blockchain information provider——CoinNess, is marching out of its comfort zone and setting eyes on a non-Asian market, the USA – home to more than 20 million cryptocurrency investors. “We have ridden the tides, in the right way, with the right timing,” concluded CEO Peter Tan.
Erik Finman, who became a teenage bitcoin millionaire during the digital currency’s run to $20,000, has warned bitcoin maximalists — believers in the world’s best-known cryptocurrency — that the long-term outlook is bleak.
The year 2018 has been a big one for the regulation of virtual currencies. Here's a look at how countries such as Malta, Hong Kong, Malaysia, Australia and South Korea are approaching their cryptocurrency markets.
Bitpay CEO Stephan Pair has gone on record to say that he believes that mass crypto adoption is only 3 to 5 years away. He talked about the possibility of wider adoption when recently chatting to the American news network CNBC. One year ago when Bitcoin prices scaled the heights of $20,000, crypto adoption seemed
December 17 will mark one year since the price of bitcoin—the best-known cryptocurrency—traded to an all-time high just shy of $20,000. Here’s a look back at the carnage — and the market calls — that followed.
LONDON (Reuters) - Bitcoin rose sharply on Monday, climbing above $3,400 in a move traders ascribed to heavy buying on Japan and Hong Kong-based exchanges. The original cryptocurrency jumped as much as 11 percent on the Bitstamp platform and was headed for its biggest daily rise since Nov. 28. Bitcoin has fallen around 80 percent from its record high last December. In the last three months it has fallen nearly 50 percent. (Reporting by Tom Wilson; Editing by Tom Finn)
A state-run energy company in Abkhazia is calling for the regulation of cryptocurrency mining activities to avoid the partially recognized republic being plunged into darkness this winter. According to Eurasianet, the cryptocurrency mining farms in Abkhazia, which are mostly located in abandoned Soviet factories, are guzzling a significant amount of electricity. As a result, it
(This version of the December 7th story corrects spelling of first name to Erik (not Eric) in paragraph 21) By Tom Wilson LONDON (Reuters) - Bitcoin's value has plunged by three-quarters this year, sending the original and biggest cryptocurrency back to levels not seen before its bubble. The retail investors behind bitcoin's dizzying ascent to a record of nearly $20,000 last December have fled, leaving the early adopters and crypto-related firms that traditionally dominated digital coin trading driving exchange volumes. The shifting shape of digital coin trading, depicted by industry data and interviews with exchanges and companies, suggests bitcoin is struggling to evolve from a speculative asset favored by relatively niche investors to an investment choice in the same league as stocks or bonds.
According to a report by the South China Morning Post, a 24-year-old man is said to have tossed bank notes from the top of a skyscraper in Hong Kong, triggering agitation from passersby below. The man, who was identified as Wong Ching Kit (with aliases such as “Mr. Coin” and “Coin Master”) is the owner
“It feels like being at the early days of trading equities electronically,” said Tusar, who serves as chief technology officer and is a co-founder of Tagomi Holdings. Tusar is working alongside co-founders Jennifer Campbell, who is serving as chief executive officer, and Marc Bhargava, the company’s president.