Bitcoin exceed $5k mark

First cryptocurrency just broke the $5.000 mark; historical maximum updated
12 October 2017   1345

On the 12 October, approx. 8:14 UTC, Bitcoin exceeded the $5.000 mark.

Bitcoin price chart
Bitcoin price chart

On the graph of the BitFinex, you can see how the price of "digital gold" reached its maximum value at $ 5147.6, which is the historical maximum.

Bitfinex Bitcoin chart
Bitfinex Bitcoin chart

According to the service of Coinmarketcap, currently the weighted average bitcoin rate is $5161.06, capitalization of the first crypto currency is $85.7 billion.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   158

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.

 

People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.