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Category Archives: Bitcoin

Automated, High-Speed Chinese Traders Dominate Bitcoin Trading

Jan 17, 2017

8BTCNews

Professional traders using high-speed, automated trading are now responsible for 80% of bitcoin trading, according to Bloomberg. Bitcoin offers arbitrage opportunities across different exchanges, zero transaction costs on the Chinese venues hosting most of the activity, round-the-clock trading, ...

On Development Period of Bitcoin Industry

Jan 16, 2017

chris zhou

Recently Bitcoin community are all keen on POOC’s inspection on China’s major exchanges and exchanges responded by limiting or closing margin trading services, which is welcomed not only because the deleverage will greatly decrease price hype from speculators but also because PBOC’s m...

Bitmain says price hike increased interest in mining

Jan 10, 2017

Olusegun Ogundeji

The recent spike in the price of Bitcoin increased interest in Bitcoin mining which seems to have dwindled after the block reward halving in July. According to the International Marketing Manager at Bitmain, Nishant Sharma, Bitcoin mining has continued unaffected by the block halving ...

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

Jan 6, 2017

Olusegun Ogundeji

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 Ogundeji

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 Ogundeji

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 ...