The market is over Chinese drama: Bitcoin price recovers

The price of the world’s most popular cryptocurrency Bitcoin is recovering after a massive drop last week. On Friday, the digital currency plunged to as low as $2,951.15. The value hasn’t been so low since August. Last week, Bitcoin’s value dropped 14.7%. However, the price has since recovered by 34%. At press time, Bitcoin is trading at $3,995.89, which is still short of its rec...

Bitcoin price drops as China bans ICO

On September 4th, China’s central bank has banned all ICO in the country. The authorities have called Initial Coin Offering “illegal fundraising”. An official statement has been released by the People’s Bank of China (PBoC). The institution serves as China’s financial regulator and central bank. According to the note, ICO has disrupted the economic and financial order...

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