Bitcoin Price Jumped to a New Record High
For a long time, gold enjoyed the title of being the most valuable savings tool worldwide. Five months ago, Bitcoin’s price soared and it soon became as costly as gold. Last week, however, a significant change in Bitcoin’s price took place. It reached as high as $3,400, which is almost three times higher than an ounce of gold. According to a report by Bloomberg, the precious metal closed at $1,257, which is almost $2,000...
Swiss Bank Now Offers Bitcoin to its Customers
A few months ago, very few would have believed that Bitcoin, the most popular cryptocurrency to date, would be available for purchase through mainstream banking channels. But these developments are indeed emerging. A bank in Switzerland just announced that its clients will be able to make Bitcoin purchases using their cash deposits. The Falcon Private Bank also established an asset management team to manage its customers’ Bitcoin...
Bitcoin News: South Korea Bitcoin Exchange Hacked
Bithumb, one of the biggest Bitcoin exchanges located in South Korea, has been hacked. Data from more than 30,000 customers has been compromised by the latest attack. South Korea is among the top Bitcoin trading countries of the world. The Internet Security agency is conducting an investigation into the matter, as many customers have claimed that they lost their money. The KISA, Korea Internet and Security Agency, is probing the...
Bitcoin Keeps Breaking New Record High
The price of Bitcoin has reached a new record high, surpassing $2,900 to reach $2,911.86 on June 6. Beginning at a price of below $2,500 during the beginning of June and being at only $1,000 in March, the BTC prices have been rising steadily to reach an unprecedented peak now. This year has been a stellar year for the digital currency, but it has not always been a smooth ride. Causes Analyzed It seems that the catalyst that is causing...
Largest Exchange Went Offline as Bitcoin Price Surge
Coinbase, the world’s largest Bitcoin exchange, went offline last week due to a massive increase in Bitcoin price. The rising value of the cryptocurrency led to several outages across the Bitcoin exchange. Despite being one of the most well-funded Bitcoin exchanges, Coinbase was not able to handle the dramatic rise in Bitcoin price recently. Coinbase Unavailable Those who deal in Bitcoins must have noticed the sudden rise in Bitcoin...
What’s Behind Bitcoin’s Big Surge
Bitcoin surges in value. What’s driving the prices of Bitcoin higher?
