Markets Weekly: Price Jumps $50 in Four Days of Trading
The bitcoin price jumped $50 in four days of trading, but settled back below the $250 mark after crossing the threshold in earlier trading.
Police in Thailand have raided 13 rooms at a Bangkok apartment complex in connection with alleged digital currency ponzi scheme Ufun.
A senior Hong Kong official has said that the government does not see a need for legislation that would regulate bitcoin.
Authorities in Taiwan have reportedly arrested two individuals in connection with bitcoin-focused Ponzi scheme MyCoin.
An additional 150 victims of alleged bitcoin exchange MyCoin have come forward to local police.
Five individuals have been arrested by Hong Kong police in connection with the collapse of MyCoin, an alleged bitcoin trading platform.
Members of the public should exercise extra caution when considering an investment in bitcoin because of the digital currency’s “highly speculative” nature, Hong Kong’s central bank has said. The Hong Kong Monetary Authority issued a statement in the wake of reports that a bitcoin exchange and investment scheme called MyCoin had disappeared with an estimated $386.9m […]