CNBC JPMorgan's top quant strategist, echoing CEO, compares bitcoin to 'pyramid scheme' CNBC JPMorgan's Marko Kolanovic compared bitcoin trading to fraudulent pyramid schemes, reinforcing JPMorgan CEO Jamie Dimon's criticism earlier this week. Bitcoin surged more than 10 per..
More details on the Japanese Internet Giant GMO’s plans to enter the Bitcoin mining market have been released. The company has revealed the hardware and performance specifications for its upcoming 7nm process ASIC mining chips which feature very low power consumption requirements. GMO also divulged ..
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This past week there’s been many rumors that Chinese cryptocurrency trading platforms would be shutting down shortly due to regulatory concerns. Now the China-based exchange BTCC has announced it will be shutting down operations on September 30. Also read: China to Play a ‘Leading Role’ in Bitcoin’..
The price of bitcoin has dropped to its lowest average this month, to a low of $3,426 amid the recent regulatory storm brewing in China. At the moment the price is struggling to stay above the $3,570 range as traders are waiting for the floor to appear and open new positions. Also read: GMO to Inve..