On November 20, 2017 Bitcoin.com updated their Bitcoin Wallet on Apple’s App-store. Bitcoin.com’s version 4.0.2 update creates Bitcoin Cash wallets by default and allows users to sweep private keys to Bitcoin and Bitcoin Cash wallets. Read more in today’s blog post.
Bitcoin’s price rose above $8,100 for the first time on Sunday. Data from CoinDesk’s Bitcoin Price Index (BPI) indicates that the price climbed to $8,101.91 between 20:00 and 20:15 UTC. This move came after bitcoin – which toed the $8,000 line during Friday trading – crossed that threshold several hours earlier. Read more in today’s blog post.
Bitcoin just surmounted the $8,000 level, topping out at $8,020 on Bitfinex before retreating to $7,900 at press time. By now, reading about Bitcoin’s breach of its previous high might be getting repetitious, so strong has the currency’s bull run been. This time is an exception, though, because Bitcoin just pulled the mother of all head fakes. Read more in today’s blog post.
Reuters reports that Man Group, a UK-based hedge fund, will be getting involved in Bitcoin trading if CME Group’s plans to open a regulated futures exchange are approved. According to Business Insider, Man Group is “one of the largest hedge funds in the world” and the fund’s website points out that they manage $103.5 bln in funds. Read More In Today’s Blog Post.
Apparently, the general anti-Bitcoin stance of the Chinese government continues, with reports that the cheap hydroelectric power being used by the largest Chinese Bitcoin mining facilities may soon be a thing of the past, according to local media. Read More in Today’s Blog Post.