by Wolf Richter, Wolf Street:
“Capital flight” takes on a bitterly ironic meaning.
The People’s Bank of China announced on Wednesday that it is probing the major bitcoin exchanges in Beijing and Shanghai – BTCC, Huobi, and OKCoin – for a list of violations, including market manipulation, money laundering, and unauthorized financing.
by Bix Weir, via SGT Report:
For those of you sweating this latest Bitcoin move down to $800… WELCOME TO BITCOIN! The mini-bubble has now been popped and we are near the trend line for all you “Bitcoin traders” out there. I wish you the best but if you keep your BTC in an […]
by Bix Weir, Road To Roota:
Both Jim Sinclair and Martin Armstrong have expressed their beliefs that Bitcoin is not worth purchasing. They have held these views during most of the life of Bitcoin and those that have followed their advice have mostly NOT endeavored to either buy any Bitcoin or even LEARN about […]
from Zero Hedge:
Having long been advocates of Bitcoin (ever since Sept. 2015 when it traded at $230) for the simple reason that we were confident the digital currency would eventually become China’s favorite means of circumventing capital controls – precisely as has transpired – two months ago we warned that the unprecedented surge […]