Bitcoin suffers fresh plunge losing a third since start of week kopitiam bot
I just upvoted you! Bitcoin plunges as investors suffer 'reality check'. There have been numerous warnings about a possible blowout in the Bitcoin market. US Federal Reserve boss Janet Yellen has said Bitcoin is not money and called on banks to be certain their digital currency transactions adhere to anti-money laundering statutes.
I found similar content that readers might be interested in: I am a robot. South Korea and Japan are home to some of the largest number of traders in the currency. And the mania that has swept the Bitcoin universe saw a New York beverage company this week announce it was shifting into cryptocurrency-related investments.
Shares in the firm rose percent on the tech-rich Nasdaq following the news. I just upvoted you! Long Island Iced Tea Corp of Farmingdale, New York -- which says it currently produces the soft drink with a proprietary recipe -- said on Thursday it was changing its name to "Long Blockchain Corp" and would explore investments in the technology underlying cryptocurrencies.
Shares in the firm rose percent on the tech-rich Nasdaq following the news. South Korea and Japan are home to some of the largest number of traders in the currency. Bitcoin prices plunged by a quarter on Friday as investors cashed out just before Christmas after the wildly volatile currency's stratospheric rise in recent weeks. I found similar content that readers might be interested in:
At its height, Bitcoin had soared almost fold since the start of the year and has moved into the mainstream as two major US exchanges began trading futures in the unit. The vice-president of the European Central Bank has also expressed concern about the relentless rise in the value of Bitcoin and the potential risk accompanying the trend. Bitcoin prices plunged by a quarter on Friday as investors cashed out just before Christmas after the wildly volatile currency's stratospheric rise in recent weeks.
The precipitous drop comes after a series of warnings by analysts and governments about a bubble that could burst at any moment as investors, many inexperienced, piled into the unit hoping to enjoy some of the eye-watering gains. The sell-off has bled through to other cryptocurrencies such as Dash, Litecoin and Ripple, all of which were sent plunging. US Federal Reserve boss Janet Yellen has said Bitcoin is not money and called on banks to be certain their digital currency transactions adhere to anti-money laundering statutes.