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Bitcoin storms back
|06/16/2017||Posted by BusinessMediaguide.Com under General World News||
Bitcoin has come all the way back from Thursday’s steep slide. The cryptocurrency tumbled as much as 18.5% to $2,076 a coin after the scaing debate came back into focus and riskier assets fell following the Fed rate hike. On Friday, its trading up 3.5% at $2,520.
The selling began when bitcoin-mining firm Bitmain outlined its “contingency plan.” Coindesk explained it best: “Most notably, the proposal would dedicate mining resources to hard forking the network to a rule set with a larger block size — an upgrade that would likely result in two bitcoin networks and two tradable read more >>>