Bitcoin Soars On Falling Yuan; North Korean Crypto Thieves


Bitcoin suddenly soared this week as global markets had their worst day this year, rising more than 20% in the last seven days and jumping more than $500 per bitcoin in a matter of minutes on Monday night, only to fall back again. As trade tensions flared and the Chinese yuan fell, investors flocked to “safe-haven” assets like gold and U.S. Treasurys. Is bitcoin now a safe-haven asset too?

Plus: Tezos, the 16th largest cryptocurrency in the world that nearly collapsed after its ICO, is up more than 200% this year.
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Comments 1


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10.08.2019 18:20
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