Once were billionaires: Winklevoss twins each lose $607m as bitcoin plunges
Cameron and Tyler Winklevoss, the twin brothers who became the world's first bitcoin billionaires have had their fortune slashed after the digital currency plunged this week.The pair, who invested A$14 million ($15.3m) in bitcoin...
© 2018 NZ Herald Fri 5:24pm China says cross-border cash flows hit turning point in '17
HONG KONG (AP) — China's cross-border capital flows hit a turning point in 2017 as foreign currency reserve levels stabilized after two years of declines, the country's foreign exchange regulator said Thursday.The supply and demand...
© 2018 NZ Herald Thu 6:44pm Has the bitcoin bubble finally burst?
As bitcoin on Wednesday dipped below US$10,000 ($13,754) for the first time since late November, extending a plunge that has wiped roughly half the value off the digital currency in the past month, there was only one question on...
© 2018 NZ Herald Thu 5:24pm Bitcoin selloff deepens, digital currency now down 50 per cent from recent peak
Bitcoin's selloff, sparked by fears of a regulatory crackdown, deepened with the price of a single coin dropping below US$10,000 (NZ$13,669) for the first time since November. Its total loss has spiralled to 50 per cent since its mid-December peak. The mini-crash in Bitcoin is the latest bout of massive volatility for the upstart cryptocurrency that made big news last year when its price skyrocketed nearly 1400 per cent, creating a speculative frenzy for people around the world trying to get rich quick. A day after falling 25 per cent, bitcoin plunged another 9 per cent on Wednesday to around US$9635 per coin, or 50 per cent lower than its mid-December peak of around US$19,500.
© 2018 Stuff.co.nz Thu 8:54am Bitcoin dips below $10,000
The crypto-currency has nearly halved in value since its peak in December.
© 2018 BBCWorld Thu 1:34am Bitcoin prices dive as South Korea says cryptocurrency ban still an option
Prices of bitcoin and other digital currencies have skidded after South Korea's top financial policymaker said on Tuesday that a crackdown on trading of cryptocurrencies was still possible. Finance Minister Kim Dong-yeon said in an interview with local radio station TBS that banning trading in digital currencies was "a live option". He said the decision was subject to a thorough government review. "There are no disagreements over regulating speculation", such as using real-name accounts and levying taxes on crypto currency trading, Kim said. Shutting down digital currency exchanges is "a live option but government ministries need to very seriously review it", he said.
© 2018 Stuff.co.nz Wed 9:14am