Bitcoin Price Recovers as Hacked Exchange Remains Offline

Bitcoin’s price has stabilized following this week’s massive hack and theft of $ 65 million in bitcoin from a Hong Kong exchange, as some traders seized on the lower price to strategically buy the dip. Myriad questions about the hack itself remain unanswered, however. On Tuesday, a trading site called Bitfinex was attacked by a hacker, who exploited the site’s security protocols and stole just under 200,000 bitcoins, at the time worth about $ 65…

"Bitcoin Price Recovers as Hacked Exchange Remains Offline"

Bitcoin Price Recovers as True Believers Keep the Faith

For a crowd of uber-distrustful cryptoanarchists, bitcoiners are still a pretty optimistic lot. How else to describe the price action over the weekend for the digital currency, which ostensibly suffered a sharp setback after the Securities and Exchange Commission denied an application from Cameron and Tyler Winklevoss to build and sell a bitcoin-based exchange traded fund? The price of bitcoin on Friday plunged after the SEC order came out. After trading as high as $…

"Bitcoin Price Recovers as True Believers Keep the Faith"

Bitcoin Price Recovers as Hacked Exchange Remains Offline

Bitcoin’s price has stabilized following this week’s massive hack and theft of $ 65 million in bitcoin from a Hong Kong exchange, as some traders seized on the lower price to strategically buy the dip. Myriad questions about the hack itself remain unanswered, however. On Tuesday, a trading site called Bitfinex was attacked by a hacker, who exploited the site’s security protocols and stole just under 200,000 bitcoins, at the time worth about $ 65…

"Bitcoin Price Recovers as Hacked Exchange Remains Offline"

Bitcoin Price Recovers as True Believers Keep the Faith

For a crowd of uber-distrustful cryptoanarchists, bitcoiners are still a pretty optimistic lot. How else to describe the price action over the weekend for the digital currency, which ostensibly suffered a sharp setback after the Securities and Exchange Commission denied an application from Cameron and Tyler Winklevoss to build and sell a bitcoin-based exchange traded fund? The price of bitcoin on Friday plunged after the SEC order came out. After trading as high as $…

"Bitcoin Price Recovers as True Believers Keep the Faith"