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Category Archives: Bitcoin

Bitcoin Price Trounces 24-hour Record, Drops By Over 20%

Jan 6, 2017

Olusegun

No sooner than 24-hours after the article has been published and several comments followed Bitcoin’s reported feat as it reached a record new $18 billion market cap on Wednesday January 4 that its price dropped by more than 20% within four hours. On Thursday, the market cap fell quickly to...

Why Bitcoin price may not crash like 2013

Jan 4, 2017

Olusegun

Several factors including China’s economic situation have made the Bitcoin surge different from what was the case in 2013 when the price first rose above the $1000 tag but later reversed. As a result, the rising price of Bitcoin today is not likely to suffer a similar fate. Going by its recor...

Will China’s $50,000 Quota Matter For Bitcoin After Jan.1?

Jan 3, 2017

Olusegun

As the first day of January 2017 approaches, concerns that the yuan will likely depreciate further in the coming year because of the Chinese government’s enforced capital control may force more users seeking to move money out of the country to Bitcoin. January 1 is when the yearly $50,000 ...

A 1.5 million answer to a junior student in 2011

Dec 27, 2016

Red Li

A junior student posted a question five years ago asking for advice for investment with his 6,000 yuan in hand. Someone named "blockchain" suggested that he should buy some bitcoin. It turns out that the answer would be worth 1.5 million RMB today. I am a junior student and have 6,000 yuan, ...

What Drives the Recent Bitcoin Price Surge?

Dec 24, 2016

chris zhou

Bitcoin price has become the limelight in for all Chinese financial media(see article)  in the past week as it has surged to over RMB 6400 (around 920 USD), according to OKcoin, a Chinese bitcoin trading platform. Bitcoin has actually been up by 91% from January 2016 to now. The price...

Chinese factors behind the 14 billion marketcap of Bitcoin

Dec 23, 2016

Red Li

The $14 billion marketcap of Bitcoin is a good story for mainstream media. And the Chinese media did release stories as expected. But is the market really driven by Chinese capital market demand or it is just another bubble? You will see the real driving force at the end of this story. Ma...

Bitcoin ATMs still low in Asia

Dec 21, 2016

Olusegun

Despite the large concentration of Bitcoin-related activities in Asia - particularly China - the number of Bitcoin ATMs is one of the lowest going by figures from CoinATMRadar. According to the site which provides information regarding Bitcoin ATM locations worldwide to make th...