Bitcoin is fighting back

  • The cryptocurrency trades down 2.8%, or almost $26, at $880 a coin as of 11:05 a.m. ET.
  • Bitcoin raced above $915 late Tuesday night but struggle to take out resistance in the $880/$920 area.
  • It raced to a gain of more than 20% in the opening days of 2017 before rumblings that China was going to crackdown on trading began to surface.
  • Then, nearly a week later, China announced it had begun investigating bitcoin exchanges in Beijing and Shanghai on suspicion of market manipulation, money laundering, unauthorized financing, and other issues.
  • When the dust settled bitcoin had lost 35% of its value in a handful of days.

Bitcoin has recouped a good portion of its early losses. The cryptocurrency trades down 2.8%, or…
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Video: Bring on Bitcoin: why Richard Branson and Bill Gates support the currency

  • Bring on Bitcoin: why Richard Branson and Bill Gates support the currency
  • Blockchain also recently introduced an iOS mobile application for its wallets, after Apple Inc. relaxed its policies on apps that handle the virtual currency.
  • Blockchain Ltd., which runs the world’s most popular wallet for storing bitcoins, raised more than $30m in its first outside round of funding.
  • Blockchain, which has more than 2.3m consumer wallets, will use the funds to expand internationally and add features.
  • Lightspeed Venture Partners, Wicklow Capital and Richard Branson were among the investors, the London-based company said in a statement today.

Blockchain President Peter Smith discusses the company’s business model and
the security concerns surrounding Bitcoin
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Bitcoin is tanking after Chinese exchanges block withdrawals

  • China’s largest bitcoin exchanges recently announced they would charge a flat fee of 0.2% on all transactions.
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  • Bitcoin is tanking after Chinese exchanges block withdrawals
  • Reuters/Mark Blinch) Bitcoin was down by 9.6%, or $102, at $959 a coin as of 9:30 a.m. ET on Thursday after at least two of China’s biggest bitcoin exchanges announced they were blocking customers from withdrawing their bitcoins.
  • The announcements followed Wednesday’s meeting between the People’s Bank of China and the bitcoin exchanges.

Bitcoin was down by 9.6%, or $102, at $959 a coin as of 9:30 a.m. ET on Thursday after at least…
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Bitcoin is zooming higher

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  • Bitcoin has had a wild start to 2017 after gaining 120% in 2016.
  • Bitcoin has recently shrugged off an announcement made by China’s three largest bitcoin exchanges that they were going to begin charging a flat fee of 0.2% per transaction.
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  • China’s hunger for bitcoin has been well documented with nearly 100% of bitcoin’s volume coming from the country.

Bitcoin is zooming higher on Tuesday, up 1.6% at $1,055 per coin as 7:03 a.m. ET. Tuesday’s bid…
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Bitcoin is rallying for an 8th straight day

  • Bitcoin is rallying for an 8th straight day
  • The gains ran bitcoin above the $1,000 level for the first time since November 2013.
  • The current winning streak has tacked on nearly 15% and has bitcoin taking a run at the January high near $1,161.
  • Bitcoin is on track for an eighth straight day of gains as it trades higher by 1.4% at $1,026 per coin as of 7:28 a.m. ET.
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Bitcoin is on track for an eighth straight day of gains as it trades higher by 1.4% at…
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Bitcoin is shrugging off some big news of out of China

  • National Iranian Oil Company head Ali Kardor said the deadline for bids had been pushed back to February 15, ISNA news agency reported Saturday.
  • The claim that Google is terminating its famous launcher comes from a leaked email to Android device manufacturers that was obtained by Android Police on Friday.
  • Donald Trump will attend a G7 summit in Italy this May, the White House said, in what could be his first visit to the continent as US president.
  • According to BGR, Google is removing the Google Now launcher from the Play Store on March 1.
  • Iranian baby caught in Trump travel ban headed to US for surgery

Bitcoin is little changed at $924 a coin as of 7:26 a.m. ET. Monday’s flat session comes despite…
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Bitcoin is having trouble getting through $900

Bitcoin is having trouble getting through $900

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  • Bitcoin has gotten off to a wild start in 2017.
  • Bitcoin holds little changed near $891 a coin as of 7:02 a.m. ET.
  • NOW WATCH: ‘s how to use one of the many apps to buy and trade bitcoin
  • While the rules were aimed at outbound investments by centrally-controlled state firms, it is still notable that bitcoin has so far been spared.

Bitcoin holds little changed near $891 a coin as of 7:02 a.m. ET. The cryptocurrency is…
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