So why has China been so quick to embrace the virtual currency.While bitcoin usage could increase, it is not a substitute for normal currency.
Here's why bitcoin boomed in 2016 - Business InsiderThe dip we are seeing now is not a regular dip of a consolidating market but it has been seen before this year.Bitcoin is one of the most important inventions in all of human history.The original digital currency is down around 6.5% while Ether, the cryptocurrency.
A broad range of cryptocurrencies, including Ethereum, Ripple, Litecoin, Dash, and Monero also declined, in most cases dropping even more steeply.
Why the feds took down one of Bitcoin’s largest exchanges
Bitcoin price falls on reports that China is closing local
That suggests very little close analysis by those buying into cryptocurrency (and likely a lot of purely algorithmic trading).
Why Bitcoin Refuses to Die - Bonner & Partners
Why The Bitcoin Dominance Index Is Deceiving - Medium
BTC-e, founded in 2011, always stood out as an anomaly among the major Bitcoin exchanges.All products and services featured are based solely on editorial selection.Gox, a staggering loss that ultimately shuttered the exchange.Many of the charges allege more straightforward money laundering.
When the exchange collapsed in 2014, the equivalent of nearly half a billion dollars was unaccounted for.The crucial August 1 is getting closer so it is high time to clear out why the whole Bitcoin. which may calm the in-fighting down and escalate the open.Why is bitcoin going up, up, up. 4 reasons why bitcoin keeps hitting new highs. the decentralized ledger that records all bitcoin transactions, has slowed down.As you can see, bitcoin did not fare as badly as some of its smaller rivals.Having problems with Bitcointalk.org website today, check whether Bitcoin Talk server is up or down right now for everyone or just for you.
Localbitcoins.com - Is LocalBitcoins Down Right Now?With most comparably sized exchanges already registered under FinCEN, the takedown could make it both harder and riskier for criminals to cash out — something law enforcement seems to be counting on.
Gox hot wallet private keys were stolen sometime in 2011, and the hacker (or multiple hackers) continued to steal bitcoin through 2012 and 2013.
Why Bitcoin’s Success Is Important - Markets & Money
Bitcoin prices are down 30%, but those of Ethereum have been cut in half.When Is The Government Going To Shut Down Bitcoin. but without a doubt right now officials are thinking of ways to restrict the use of Bitcoin or shut it down.They are convinced the government will shut down bitcoin and render it worthless.When looking at the latest Bitcoin USD price chart, the downward move looks very consistent.
Cornell professor Emin Gun Sirer says the focus on FinCEN compliance could lead to a lasting split in Bitcoin markets, as exchanges face the choice of whether to comply with US government demands.