26 Oct '16, 1pm

Bitcoin Price Rolls Past $650 to New Highs Since Bitfinex Hack

Bitcoin Price Rolls Past $650 to New Highs Since Bitfinex Hack

B itcoin price has made increasing gains since the beginning of October, scaling back to the ceiling achieved toward the end of July, prior to the Bitfinex hack that sent prices crashing after a theft of approximately $72 million USD in bitcoin at the time. At the time of publishing, the Coinbase price chart shows bitcoin trading at $664.68. The number is easily indicative of a 3-month high, for the cryptocurrency. As has been the trend in recent times, market speculators point to the devaluation of the Chinese Yuan as the driving factor for Chinese investors to choose bitcoin, instead of a stagnating and falling fiat currency. Furthermore, bitcoin’s core characteristic as an unregulated currency sees it avoid strict Chinese capital controls over Chinese yuan moved offshore for external investments. Altogether, bitcoin makes for an attractive option for everyday Chinese in...

Full article: https://www.cryptocoinsnews.com/bitcoin-price-rolls-past-...

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Bitcoin price rallies past $650 on back of Chinese mining conference - International Business Times UK

Bitcoin price rallies past $650 on back of Chin...

ibtimes.co.uk 23 Oct '16, 7pm

The price of Bitcoin has risen 4% in the past 24 hours to over $650, led by Chinese exchanges on the back of a mining conf...

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#blockchain #btc

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#blockchain #btc

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