Chinese Investors Fueling Bitcoin Price Jump, Wall Street Journal Reports

The 16% jump in bitcoin’s price in the past four days has largely been driven by Chinese investors, according to The Wall Street Journal, despite government efforts to curb bitcoin trading. The surge, which pushed bitcoin to $525.49 on Monday, has added $1.2 billion in market capitalization. The surge is also credited to the expected… Read More Chinese Investors Fueling Bitcoin Price Jump, Wall Street Journal Reports

How will bitcoin help the under-banked people in the third world?

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you… Read More How will bitcoin help the under-banked people in the third world?