Bitcoin's having a wild moment. It kicked off with a strange flash crash registered by the CoinDesk tracker that momentarily caused the cryptocurrency to appear to plunge by 12 per cent. Almost simultaneously, Russian President Vladimir Putin called for regulatory restrictions on digital currencies for the first time. And then, as it does in recent times, Bitcoin's price just went up.
Tagged With flash crash
Cryptocurrencies are risky as hell. A new competitor in the blockchain currency world, Ethereum, has recieved a lot of attention recently for its ridiculous gains in value. Many feared that a flash crash last week was a sign of shady dealings on the exchange, but the company behind it is reassuring investors that they will be paid back in full.