Bitcoin is experiencing a quiet comeback in China following months of unfavourable regulation(IBTimes UK) <\/p>\n
The price of bitcoin has slid once again over the weekend, falling back down below $350 (217) for the first time since its crash earlier this month. <\/p>\n
Other major cryptocurrencies, including dogecoin, peercoin, namecoin and darkcoin, also saw their prices fall by a similar 1% to 3% margin since Friday 24 October. <\/p>\n
Cannabisdarkcoin was the biggest mover across all markets. The cryptocurrency, which launched earlier this month, saw its value surge by 180% in the last 24 hours. <\/p>\n
Australia-based cryptocurrency company Independent Reserve has launched a bitcoin exchange in Sydney, claiming it is faster than other exchanges. <\/p>\n
\"As an Australian you'll be able to open an account and be verified in minutes,\" said Adrian Przelozny, chief technology officer of Independent Reserve. <\/p>\n
Przelozny believes bitcoin is not far away from breaking fully into the mainstream, with around 76,000 merchants accepting the cryptocurrency around the world. <\/p>\n
He said: \"eBay is about to start accepting Bitcoin, you can buy a holiday on Expedia using Bitcoin, and you can buy a computer from Dell using Bitcoin.\" <\/p>\n
Following months of unfavourable bitcoin regulation in China, the cryptocurrency is making a quiet comeback in the country, according to China's 21st Century Business Herald. <\/p>\n
The ban on trading bitcoin introduced by China's central bank was seen as one of the main factors in bitcoin's price crashing earlier this year. <\/p>\n
<\/p>\n
Read the original here: Bitcoin is experiencing a quiet comeback in China following months of unfavourable regulation(IBTimes UK) The price of bitcoin has slid once again over the weekend, falling back down below $350 (217) for the first time since its crash earlier this month. Other major cryptocurrencies, including dogecoin, peercoin, namecoin and darkcoin, also saw their prices fall by a similar 1% to 3% margin since Friday 24 October. Cannabisdarkcoin was the biggest mover across all markets. Continue reading
\nCryptocurrency Round-Up: Bitcoin's China Resurgence and Independent Reserve Launches Exchange<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"