Bitcoin Price: BTC Mass Adoption Signal or Pump & Dump by Exchanges?
The fact that the Bitcoin price is moving up so fast surprises cryptocurrency and Blockchain experts. We know that Bitcoin is a promising investment tool, yet the price has doubled in just half a year, from $850 in December up to its latest maximum of $1,750 in May. Could good news like world governments accepting cryptocurrency play a role in the Bitcoin and altcoins price race? Or are we observing another ponzi scheme? Should we expect corrections soon?
Taiwan Banks To Block Bitcoin Withdrawals in Fiat for All Exchanges?
Starting April 18th, 2017, customers of one of the largest cryptocurrency exchanges, Bitfinex, won’t be able to withdraw their Bitcoin to fiat due to problems with the Taiwan banks that the crypto exchange is moving customers funds through. Is this problem only between KGI Bank, First Commercial Bank, Hwatai Commercial Bank, Taishin Bank and the Bitfinex exchange, or could it affect all banks and exchanges within Taiwan?