Bitcoin braces for worst week since 2013


Digital currency Bitcoin has fallen 30% this week, leaving it on track for its worst week since April 2013. On Friday the price fell below $7,910 on the Bitstamp exchange, a 12% fall on the day before, but recovered slightly. But although it is far short of the $19,000 it reached in November 2017, it is still way above the $1,000 level at which it started trading last year. The fall comes amid a number of recent incidents that appear to have shaken faith in cryptocurrencies. On Friday, Japan’s financial regulator carried out a surprise check on major Japanese exchange, Coincheck, which last week was subject to a security hack.

The regulator said it had asked the exchange to fix flaws in its computer networks well before last week’s theft by hackers of $530m of digital money. Also this week, Facebook said it would ban adverts for digital currencies.

Other countries have already expressed concerns about such entities. China and South Korea have banned any new virtual currency launches and have been shutting down exchanges on which they are traded. The UK’s Financial Conduct Authority warned investors in September they could lose all their money if they buy digital currencies issued by firms, known as “initial coin offerings”. Bitcoins are created through a complex process known as “mining”, and then monitored by a network of computers across the world. However, like all currencies its value is determined by how much people are willing to buy and sell it for.



Original Article:

  • BernAmunc says:

    Both authorities in the real world and science fiction authors see the advantages in a weapon that would merely neutralize a person instead of kiling them dead.
    What to do for a burned tongue

  • PozziMic says:

    Niramaya Day Spa: Pure Relaxation – See 294 traveler reviews, 56 candid photos, and great deals for Port Douglas, Australia, at TripAdvisor.
    Japanese reflexology massage with essential oil

  • UhaLab says:

    Tolerance is manifested in an escalation of drug dose to achieve a stated level of drug-induced effect. The process of developing tolerance can begin with the first exposure to the drug, with subsequent compensatory neuradaptational changes that often oppose the acute effect of the drugs. For example, the chronic administration of heroin and diazepam can produce so much tolerance that a 100
    Haloperidol used for

  • DOLIMix says:

    If there were a new technology that you could carry in your purse, it would have to be the Nano laser peel.
    chemical peel aftercare instructions

  • EGGchit says:

    Ness Bank Dental Practice provides patients with high quality service. As well as general dentistry and cosmetic services, we are now delighted to announce the introduction of our Nessthetics programme of facial rejuvenation therapies. Book your app
    How to bake egg rolls

  • TesBog says:

    Cleaning your dog’s teeth is a great way to keep them clean, and can be a great bonding activity for you and your dog. Don’t get tempted to use human toothpaste on your furry friend, however. Firstly, the formula of human toothpaste not supposed to be swallowed, and you can’t guarantee that your dog will spit it out. Secondly, they certainly won’t like the minty taste.
    Excessive tartar on teeth

  • YulVow says:

    It’s trickier if you persistently suffer from ingrowing nails – you may need to undergo a minor surgical procedure (Partial Nail Avulsion) under local anaesthetic. The edge of the nail will be removed, and the chemical phenol is applied to prevent that area re-growing and causing any more problems.
    How to stop flaky nails

  • Recent Blog

    P.S. Join 2000 of your peers. Subscribe to the Baachu Bites.

    Every Friday evening we'll send you a roundup of the best content and events from Baachu. Make sure you're ready for the week! Subscribe now.

    Share This