Bitcoin price demonstrated a sharp drop on Friday after the central bank of China warned users of the threats associated with the investment in digital currency.
The Chinese government seriously intends to keep its money at home.
The People’s Bank of China emphasized that bitcoin is not a currency and can’t circulate in the market as a real currency.
The current price slump is strongly connected with attempts of China to shore up the yuan.
Bitcoin has gained 123% in 2016, making it the top performing currency for the second year in a row.
Blockchain technology company Bitfury Group together with international law company Covington will launch a new blockchain advocacy group later this month.
While bitcoin price continues to grow, IT giant is preparing to add native support for cruptocurrency format on its Microsoft Excel program in 2017.
Bitcoin offers instant and anonymous transactions, which made the cryptocurrency gain increased popularity in 2016.
Bitcoin is continuing its end-of-the-year bull rally, with the cryptocurrency price demonstrating its best performance over the last three years.
The IRS responds to the motion of Coinbase’s user asking the court to allow the tax agency proceeding with its “John Doe” summons.
Bitcoin experts emphasize a correlation between the financial problems in India and a bitcoin price rise.
Bitcoin shows a steady growth these days having more than doubled its price since the beginning of the year.
Experts predict sustainable growth of bitcoin price in the year 2017.
Online retailer started selling company shares via its trading platform, thus becoming the first publicly traded company to issue securities on the blockchain.
According to Jeffrey Berns, more than a million Americans are subject to the summons granted to the IRS.