Jamie Dimon landed a second hit in his fight against bitcoin. One day after the JP Morgan Chase chief called the digital currency a “fraud,” the bank released a scathing report on the red-hot investment, calling its legitimacy into question and comparing it to “pyramid schemes.” The price of bitcoin, the largest digital currency, fell… bitcoins | New York Post"JPMorgan CEO doubles down on trashing bitcoin"
It’s a week of the long knives for bitcoin. Bitcoin fell on Wednesday, for a sixth straight day, as the sector continues to work out the ramifications of a Chinese ban on domestic exchanges and its dizzying 2017 gains come under fresh scrutiny. Bitcoin on Wednesday traded as low as $ 3,766, down more than 9% from its open of $ 4,148. The low also put it 25% below its record high of $ 5,014…"Red-Hot Bitcoin, Down for Sixth Straight Day, Looking Suddenly Bearish"
The US Justice Department on Thursday said law enforcement would shut down the dark web marketplace AlphaBay, saying it allowed thousands of vendors to sell illegal drugs. AlphaBay mysteriously went offline earlier this month. It was widely considered the biggest online black market for drugs, estimated to host daily transactions totaling hundreds of thousands of… bitcoins | New York Post"Justice Department shuts down dark web ‘drug market’ AlphaBay"
Digital currencies fell sharply on Tuesday, with the price of ether falling below $ 200 for the first time since May — a 50% drop from its record high set just a month ago. Bitcoin prices were down as well, off as much as 3% early in the day. Among the top 20 digital currencies, virtually all of them were down, with some off around 15%. It’s just the latest illustration of the extreme volatility…"Ethereum Down 50% as Steam Comes Out of Rally"
Bitcoin hit a new record high over the weekend – and then dropped like a stone before traders on the U.S. east coast got out of bed in the morning. Bitcoin rose above the $ 3,000 mark for the first time on Sunday, another record high in a spring that has been full of them. That put it up 212% on the year – less than six full months of trading. At $ 3,000, it was…"Bitcoin Monday: From Record High to Down 10% Before You Got Out of Bed"
Bitcoin has slid into negative territory after the US Securities and Exchange Commission rejected the plans for the SolidX Bitcoin ETF. The cryptocurrency is down 0.7% at $ 1,033 a coin. It was as high as $ 1,066 earlier on Tuesday. The regulator cited the fact that bitcoin is traded on unregulated markets, which means the SEC wouldn’t be able to prevent fraud or market manipulation. In its ruling the SEC said: “As discussed further below, the Commission is…"Bitcoin dives after the SEC shoots down plans for another bitcoin ETF"
Venezuela’s economy has seen its currency, the bolivar, plummet as inflation has spiraled into the triple digits, causing people there to struggle to meet their daily needs. In response, some Venezuelans have chosen to cross international borders to stock up on needed supplies, as others turn to a black market where goods are often sold in US dollars. Another alternative that has gained traction is bitcoin, a cryptocurrency whose value wobbles frequently and which can…"Venezuela is cracking down on ‘bitcoin fever’"