Bitcoin exceeds $8500 mark

The price of Bitcoin is skyrocketing reaching a new all time high and rising to more than $8500
25 November 2017   679

The price of Bitcoin was showing a fast development recently moving in the upwards direction and growing by 11,83% within past 7 days and by 5% within past 24 hours. Bitcoin rose from the price of $7940 on November 24, when the market capitalisation was $132 billion, to the price of $8714 on November 25 with market capitalisation of $145 billion, crossing the point of $8500 at 12:20 UTC.

Bitcoin charts nov 2017Bitcoin Charts

Such a significant rise of the currency may be connected with the recent spreading news of Bitcoin Diamond which turned out to be another Bitcoin fork.

It is worth reminding that Bitcoin was steadily rising throughout November 2017, reaching price of $6700 and than exceeding mark of $7000 despite its price fall on November 10.

Currently, Bitcoin is being actively traded at the following exchanges:

  • Bitfinex
  • Bithumb
  • GDAX
  • Poloniex
  • HitBTC
  • Bittrex
  • Bitstamp

Bitcoin markets exchanges november 2017Bitcoin Markets

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $8647.55
  • Marketcap: $144,423,917,264
  • 24h volume: $4,362,670,000

First real-life cryptocurrency robbery reported in Taiwan

Four men stole 5 million Taiwanese dollar worth of Bitcoin, the police has already arrested the suspects
22 February 2018   57

Bitcoin has attracted lots of unwanted attention from hackers and scammers alike. Recently not a week passes without news of an exchange or user being hacked or some company's computers being hijacked to mine cryptocurrency. And now Taiwanese news outlets report first real-life robbery of Bitcoin in their country.

The robbery took place in Taichung, Taiwan's central city. The police reports three men being involved in the robbery itself and one as a planner. Criminals persuaded the victim to meet with them face-to-face under the guise of being interested in buying Bitcoin from him. After the victim showed the robbers the proof of his bitcoins on his phone, the men attacked him and his friend and transferred 18 bitcoins worth 5 million Taiwanese dollar via the phone wallet.

The suspects then forced the unfortunate seller to drink strong local liquor to make everything look like a drunken fight had taken place. The police arrived at the scene after receiving the reports of a fight and found two victims. Two of the offenders had fled, but the third has been arrested at the scene of the crime. He later provided investigation with information about his accomplices. They were arrested soon after.

The police later apprehended the man believed to be the mastermind behind the plan. All this was released in the yesterday's report by the Taiwanese law enforcement and the case is already viewed as “the first domestic case of bitcoin robbery”. The report doesn't mention if the crypto was returned to the rightful owner.

Similar cases has been rumored to happen in the US, but no records are released as of yet. So the unofficial governmental advice is to be more cautious of the buyers requesting face to face meetings in the light of this event.