31 May '16, 8pm

Bitcoin Rises To Highest Level In Nearly Two Years: The price of the web-based digital currency bitcoin soare...

Bitcoin Rises To Highest Level In Nearly Two Years: The price of the web-based digital currency bitcoin soare...

: The price of the web-based digital currency bitcoin soared to its highest level in almost two years on Tuesday, rising to more than $500 per unit, as worries about a further weakening of the yuan drove increased demand from China. Trading volumes on the Chinese bitcoin exchange BTCC surged to three to five times their daily average since Friday, according to CEO Bobby Lee, as Chinese savers have moved to protect their money against a further devaluation of the yuan. Bitcoin is a web-based "cryptocurrency" that can move money across the globe quickly and anonymously with no need for a central authority. That makes it attractive to those wanting to get around capital controls, such as China's. Around 95 per cent of all bitcoin trading is done via Chinese exchanges, according to industry website Coindesk, so any increase in demand from the Asian super-power tends to have a ...

Full article: http://profit.ndtv.com/news/forex/article-bitcoin-hits-2-...

Tweets

Bitcoin hits two-year high as yuan worries drive Chinese demand

Bitcoin hits two-year high as yuan worries driv...

in.reuters.com 31 May '16, 9pm

LONDON The price of the web-based digital currency bitcoin soared to its highest in almost two years on Tuesday, rising to...

Chinese investors adds $1.2 billion to #Bitcoin...

news.xinhuanet.com 31 May '16, 1pm

A citizen takes photos of a bitcoin ATM in east China's Shanghai, April 16, 2014. (Xinhua/Ding Ting) BEIJING, May 31 (Xinh...

Bitcoin Price Soars as Chinese Investors Look f...

bitcoinmagazine.com 31 May '16, 2pm

Many have speculated that the recent increase in the price of bitcoin ($542 USD on Bitfinex at time of publication) can be...

Bitcoin Price Passes $500, Highest Price in Almost Two Years

Bitcoin Price Passes $500, Highest Price in Alm...

cointelegraph.com 28 May '16, 5pm

For the first time since 2014, the price of Bitcoin passed $500 USD early Saturday morning. Laura Shin of Forbes writes: “...

Bitcoin price jumps 21 percent over 4 days, rea...

techcrunch.com 30 May '16, 8pm

Bitcoin is back! Or at least, there are positive signs indicating that bitcoin might not be as dead as everybody thought ....

Gold Plummets While Bitcoin Skyrockets

Gold Plummets While Bitcoin Skyrockets

cointelegraph.com 01 Jun '16, 7am

Bitcoin has come to be the known as digital gold – a new age currency whose value cannot be eaten away by the inflationary...

Bitcoin price jumps 21 percent over 4 days, rea...

techcrunch.com 30 May '16, 5pm

Bitcoin is back! Or at least, there are positive signs indicating that bitcoin might not be as dead as everybody thought ....

Bitcoin price jumps 21 percent over 4 days, rea...

techcrunch.com 30 May '16, 5pm

Bitcoin is back! Or at least, there are positive signs indicating that bitcoin might not be as dead as everybody thought ....

The price of bitcoin just surged to a 20-month high

The price of bitcoin just surged to a 20-month ...

QZ.com 29 May '16, 7pm

Bitcoin is having a great weekend. Since Friday morning, the price of bitcoin has increased 15% and briefly reached $530. ...

Three reasons why bitcoin's price is surging hi...

cnbc.com 31 May '16, 3pm

Most experts have pointed towards fears in China and Asia that the yuan could depreciate as reasons for increased investme...

China Buying Sparks Bitcoin Surge - Wall Street...

wsj.com 30 May '16, 11am

Chinese investors are pumping up bitcoin again, sending prices up nearly 16% in the past four days just two years after th...

Bitcoin Price Soars Toward $500 On Back Of Weakening Chinese Yuan - International Business Times

Bitcoin Price Soars Toward $500 On Back Of Weak...

ibtimes.com 27 May '16, 4pm

The price of a single bitcoin has surged in the last 24 hours, hitting a 20-month high as a result of stronger demand from...

Ex-Citi Trader's Bitcoin Exchange Skirts Currency Curbs

Ex-Citi Trader's Bitcoin Exchange Skirts Curren...

bloomberg.com 29 May '16, 10pm

It was after Arthur Hayes got laid off from Citigroup Inc. in 2013 that he stumbled across one of the simplest ways to mak...

3 Reasons Bitcoin Is Booming Again, Price Nears $550 - Fortune

3 Reasons Bitcoin Is Booming Again, Price Nears...

fortune.com 31 May '16, 3pm

Here we go again. After a long stretch in which the price of bitcoin held stable, the world’s most famous digital currency...

Bitcoin Price Hits Six-Month High Amid 5% Surge

Bitcoin Price Hits Six-Month High Amid 5% Surge

coindesk.com 27 May '16, 4pm

Bitcoin prices surged more than 5% in the early hours of 27th May, a more than six-month high that saw the digital currenc...