Blog Archives

Warren Buffett warns bitcoin is a “mirage”

Posted on 14th March, 2014

Speaking on CNBCs’s Squawk Box today, investment legend Warren Buffett warned investors to “stay away” from bitcoin, and claimed that the cryptocurrency was little more than a “mirage.” Buffett’s comments came in response to a question posed by Quicken Loans founder and chairman Dan Gilbert, who noted that bitcoin was the “big two-syllable word that […]

Litecoin spikes after Chinese exchange Huobi announces trading

Posted on 12th March, 2014

Chinese Bitcoin exchange Huobi announced today that it would begin trading in “cryptocurrency silver” Litecoin starting on March 19. Almost immediately after the announcement, Litecoin prices began to climb steeply, jumping from $16 to a peak of around $17.5. The Bitcoin and Litecoin market in China is substantial, and earlier this month BTC China announced […]

Report: Even Mt.Gox’s implosion can’t slow China’s Bitcoin “gold rush”

Posted on 28th February, 2014

While Bitcoin prices eroded this week due to the worsening situation at the now-bankrupt Mt.Gox, demand in China appears to be surging. According to a report on the Wall Steet Journal‘s MarketWatch, China is currently experiencing a “gold rush” for Bitcoin. On Friday, while fans in Hong Kong embraced the opening of the first bitcoin […]