Bitcoin is taking off after China’s biggest exchanges allow withdrawals

#Bitcoin is taking off after China's biggest exchanges allow withdrawals

  • The cryptocurrency trades up 4.1% at $2,407 a coin following news that China’s three largest bitcoin exchanges are allowing customers to withdraw bitcoins from their accounts.
  • The news follows months of uncertainty for customers of the exchanges, who back in February were told they would be unable to take bitcoin out of their accounts.
  • At the time, bitcoin was threatening its record high of $1,161 a coin before plunging more than 10% on the news.
  • Aside from the US Securities and Exchange Commission rejecting two bitcoin ETFs, bitcoin has seen a steady stream of good news.
  • Additionally, Russia’s largest online retailer, Ulmart, began accepting bitcoin despite Russia’s saying it wouldn’t consider the use of the cryptocurrency until 2018

    Last week, the Digital Currency Group, representing 56 companies in 21 countries, reached a scaling agreement at the Consensus 2017 conference in New York.

Bitcoin is back to its old ways after a few quiet sessions. The cryptocurrency trades up 4.1% at…
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Antarctic ice crack takes major turn

Antarctic ice crack takes major turn - BBC News #bitcoin #Antarctica

  • There has been an important development in the big crack cutting across the Larsen C Ice Shelf in Antarctica.
  • Image copyright
    NASA

    When the berg’s calving does finally take place, the block will probably drift away quite gradually from the ice shelf.

  • Taking out such a large chunk of ice would mean the Larsen C shelf would lose more than 10% of its area.
  • Similar calving events on the more northerly Larsen A and Larsen B ice shelves eventually led to their total break-up.
  • In recent decades, a dozen major ice shelves have disintegrated, significantly retreated or lost substantial volume – including Prince Gustav Channel, Larsen Inlet, Larsen A, Larsen B, Wordie, Muller, Jones Channel, and Wilkins.

One of the biggest icebergs ever seen is a step closer to forming on the edge of the Larsen C shelf.
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Chinese bitcoin exchanges resume withdrawals after freeze

Chinese bitcoin exchanges resume withdrawals after freeze

  • REUTERS/Benoit Tessier/File Photo

    SHANGHAI (Reuters) – Major Chinese bitcoin exchanges have started to resume allowing withdrawals of the cryptocurrency after nearly a four-month freeze that followed increased scrutiny from the central bank.

  • Two industry sources said OkCoin, China’s third major cryptocurrency exchange, had resumed allowing withdrawals.
  • Major exchanges halted withdrawals of bitcoins in early February, introduced trading fees and stepped up scrutiny of clients amid discussions with authorities.
  • While withdrawals were suspended, investors could buy and sell bitcoins on Chinese exchanges but were barred from transferring them or downloading and removing them.
  • Bitcoin’s relative anonymity prompted some industry observers to say it had become an attractive, if niche, option for tech-savvy Chinese to hedge against the yuan and skirt rules limiting how much foreign exchange individuals could buy each year.

Major Chinese bitcoin exchanges have started to resume allowing withdrawals of the cryptocurrency after nearly a four-month freeze that followed increased scrutiny from the central bank. Bobby Lee, chief executive of BTCChina, said in a statement on Thursday that his exchange had started “testing
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