The latest news from the Bitcoin world involves more allegations of
theft and skullduggery, but this time there’s a twist: investors aren’t
sending the virtual currency into a Justin Bieber-style free fall.
Instead, Bitcoin is behaving more like an emerging market currency in
the face of bad news.
In case you missed it, the price of Bitcoin suffered a jolt on Thursday night after a popular exchange stopped processing transactions. This comes on the heels of a string of other negative news: Apple booted the last Bitcoin app from its iTunes store; another money laundering arrest; and Russia’s decision to ban the currency outright. Oh, and Coinbase — the most mainstream Bitcoin service — confirmed that someone is robbing its customers’ wallets. Read more.
In case you missed it, the price of Bitcoin suffered a jolt on Thursday night after a popular exchange stopped processing transactions. This comes on the heels of a string of other negative news: Apple booted the last Bitcoin app from its iTunes store; another money laundering arrest; and Russia’s decision to ban the currency outright. Oh, and Coinbase — the most mainstream Bitcoin service — confirmed that someone is robbing its customers’ wallets. Read more.
