Sentences with phrase «local price of bitcoin»
South Korea's new management - minded approach is a dramatic turnaround from its energetic regulatory crackdown on cryptocurrency exchanges this past year, alarmed at a heated market that saw local prices of Bitcoin and other virtual currencies in South Korea trade for higher than international levels.
http://fortune.com/ Not exact matches
Today, despite the recent major price correction of bitcoin caused by the Chinese government's nationwide ban on local bitcoin exchange, bitcoin price remains above $ 3,600.
Because the South Korean bitcoin exchange market have outgrown many major markets and demand from local investors are at all - time high, Demeester explained that in the short - term, the price of bitcoin may depend on the South Korean bitcoin market along with Japan and the US.
Yesterday, on March 8, the price of bitcoin has dropped below $ 9,500 briefly, triggered by Binance hack rumors, the Japanese government's issuance of penalty on local exchanges, and the sell - off of a massive amount of bitcoin by the Mt. Gox trustee.
As political and economic chaos worsened, more and more turned to bitcoin to help them survive, pushing the local market price of a single bitcoin above $ 13,000 with already over $ 1 million in processed transactions for 2017.
BitPay is allowing forex platforms to accept bitcoin payments and receive EUR, USD, or other local currency settlement to their bank accounts, without any risk of bitcoin price volatility.
India's central bank barred banks on Friday from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto - currencies on local exchanges.
Following the major crackdown on the country's local Bitcoin exchanges in China, the global market sentiment has absolutely turned negative and a bit of panic and fear is being witnessed within the investor community.Panic selling is being witnessed in the cryptocurrency markets where Bitcoin price finally drops below $ 3000.
Thanks to a surge in optimism surrounding the cryptocurrency, the price of bitcoin shot as high as $ 5,855 early Friday, up 96 % since news that China was banning local cryptocurrency exchanges broke mid-September.
That comes after the price of bitcoin shot as low as about $ 3,000 in mid-September, after Chinese authorities shuttered local cryptocurrency exchanges, while J.P. Morgan CEO Jamie Dimon dubbed bitcoin a «fraud.»
While there is a growing group of websites, cafes, and bars that accept them, the reality is that taking into account the price volatility and fees involved in acquiring bitcoins, for local purchases fiat currency still rules.
For example, in May, massive price discrepancies were recorded in South Korea, when the price of bitcoin at the local exchanges outpaced the international averages.
Because the South Korean bitcoin exchange market have outgrown many major markets and demand from local investors are at all - time high, Demeester explained that in the short - term, the price of bitcoin may depend on the South Korean bitcoin market along with Japan and the US.
At the time a loan is funded, BTCJam uses the CoinDesk Bitcoin Price Index API, which collects pricing data from a basket of exchanges, to price out the total amount in local currPrice Index API, which collects pricing data from a basket of exchanges, to price out the total amount in local currprice out the total amount in local currency.
If you want to convert bitcoin into local currency, get an exchange of bitcoin that will enable you to sell at a good price and preferably a local currency.
Most South Africans have noticed the discrepancies between the price of bitcoin on the local exchanges and international platforms.
Possible reasons for the increase in price of Bitcoin is a weakening local currency in China (where a majority of Bitcoin trading takes place) and new interest coming from India.
If the Chinese government ultimately decides to handle the issue privately with its local trading platforms by cooperating with bitcoin exchange as it has done since November of 2016, bitcoin price will likely be able to recover beyond the $ 4,500 mark towards new all - time highs, given the successful short - term scaling of the bitcoin network through SegWit.
«Coinify takes the worry of price fluctuations from us and our clients, so that we can focus on bringing better payment experience to our clients and they can accept bitcoin payments just like any other local payment method.»
Cryptocurrencies such as bitcoin and ether are the top choice for local traders due to the massive price rallies they have experienced since the beginning of the year.
Yesterday, Bitcoin price rebounded from $ 2,900 to $ 3,600 as the Chinese government and local exchanges confirmed the nationwide suspension of exchanges.
After the China's ban and local Chinese State news calling for «iron fist» regulation of Bitcoin exchanges, Bitcoin price struggled to gain any momentum today.
After the China's ban and local Chinese State news calling for «iron fist» regulation of Bitcoin exchanges, Bitcoin price -LSB-...]
Reuters MUMBAI India's central bank barred banks on Friday from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto - currencies on local exchanges.
And China's periodic moves against local Bitcoin trading exchanges have caused some of the wildest price swings in markets around the world.
Having bounced back dramatically from the 20 % plunge following China's ban of ICOs, Bitcoin prices are going down again on very heavy volume as Caixin reports Chinese authorities plan to shut local exchanges.
Last month, the South Korean market rallied behind Bitcoin Cash, pushing the price of BCH in the local market to $ 3,700.
Prices of cryptocurrencies in the country have declined significantly following this press release, with Bitcoin falling below $ 5000 in the local currency equivalent and Ethereum seeing a similar drop below $ 300.
According to online leaked documents, the Chinese government is seeking an «orderly exit» from bitcoin mining operations in the coming months with the Leading Group of Internet Financial Risks Remediation, which happens to be the country's top internet - finance regulator, issuing a notice asking local governments to force mining operations out of business by resorting to measures such taxation, electricity pricing, property law and environmental regulations.