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Monthly Archives: February 2018

Bitcoin Eyes $10K, But Price Outlook Favors Bears

Bitcoin seems to have found acceptance below the psychological mark of $10,000 over the weekend, amid increasingly bearish long-term indicators. After closing below $10,000 on Feb. 22, bitcoin (BTC) hit an 11-day low of $9,304.68 yesterday, as per CoinDesk’s Bitcoin Price Index (BPI). As of writing, the BPI has seen …

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BlackRock: Crypto Use Could Grow As Market Matures

Global investment management company BlackRock says it envisions a more pervasive role for cryptocurrencies in the future, and that blockchain has promise but it is not without obstacles. The positive, yet cautious remarks were part of the firm’s Global Weekly Commentary published on Monday by global chief investment strategist Richard …

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Malaysia: Nine Arrested Over Bitcoin Miner Theft

A criminal gang have been arrested in connection with the theft of cryptocurrency mining equipment in Malaysia. The group of nine are thought to have stolen at least 58 machines. Criminals Tried to Sell Equipment via Social Media The theft occurred in the town of Seri Kembangan, formerly Serdang New Village. …

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