This is bad. Bitcoin is now trading below $12,000. Last week, Buffett came out and said the cryptocurrencies would somehow end badly in the end. South Korea continued its investigation on the Bitcoin trading activities, and the trading exchanges. South Korean Justice Department is planning the legislation that would shut…
Category: Bitcoin
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Bitcoin Moved Little Despite South Korea’s Potential Trading Ban
Bitcoin continued to trade below $14,000 amid the negative news about the cryptocurrency from South Korea and Warren Buffett. Buffett said the cryptocurrencies would somehow end badly in the end. Apparently, the investment guru does not believe in the virtual currencies. South Korea continued its investigation on the Bitcoin trading activities,…
Bitcoin and Its Siblings Are Surrounded by Negative News
Bitcoin continued to trade lower amid the negative news about the cryptocurrency from South Korea and Warren Buffett. J.P. Morgan Chase CEO back pedaled a couple of days ago. He regretted calling Bitcoin a fraud. It appears the CEO does not any credibility because Bitcoin would move the opposite direction based…
Bitcoin’s Muted Response to J.P. Morgan Chase CEO’s Backpedaling Remarks
Bitcoin is down SLIGHTLY at the moment and its price is still capped below the $15,000 mark. J.P. Morgan Chase CEO back pedaled today by saying that he regretted calling Bitcoin a fraud. I wondered what his true intention was. Why now? The CEO said, “The blockchain is real… The…
Bitcoin Reversed Its Course and Dipped below $15,000
Bitcoin is down more than $1,000 today and just below the $15,000 mark at the moment. Bitcoin traded lower today after CoinMarketCap removed its prices from the South Korean exchanges, citing that ”Every cryptocurrency is priced at a 30 percent premium in South Korea.“ The removal came without any warning…