RATE Group | Bitcoin Soars On Falling Yuan; North Korean Crypto Thieves
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Bitcoin Soars On Falling Yuan; North Korean Crypto Thieves

10 Aug Bitcoin Soars On Falling Yuan; North Korean Crypto Thieves

Posted at 19:25h in Bitcoin News by

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CRYPTO MARKETS

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.

DALIO’S NEW “PARADIGM” POINTS TO BITCOIN

As central banks around the world engage in competitive rate-cutting and ever-more quantitative easing, hedge fund tycoon Ray Dalio’s new…

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