Bitcoin hit a record today and now one Bitcoin is the equivalent of US$5,167.90 – this has piqued the interest of investors throughout the globe.
Bitcoin in China Expected to Resume
Reports have emerged that the second-largest economy in the world, China, might resume its local trade of Bitcoin. A China-based news company, Xinhua, revealed that China is expected to allow Bitcoin exchange, however, with more regulation.
Putin Against Cryptocurrencies
This Tuesday, the President of Russia, Vladimir Putin said that “buyers of cryptocurrencies could be in unlawful activities.”
The Central bank of Russia also said that they will block websites of exchanges who are offering cryptocurrencies. CEO of JPMorgan Chase, Jamie Dimon also called Bitcoin a “Fraud”.
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