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Bitcoin crashes 30% from all-time high US officials see digital currency systems as legit

Bitcoin crashes 30% from all-time high US officials see digital currency systems as legit

iNVEZZ.com, Tuesday 19 November:

At yesterday’s first-ever United States congressional hearing on digital currencies, US officials and regulatory agencies expressed optimism for, but also stressed the various risks associated with, ‘virtual’ money. Also yesterday, the best-known of the genre, Bitcoin, had one of the wildest trading sessions in its history, advancing about 75 percent from the day’s opening to an all-time high of $901, only to be followed by a nasty dive of more than 30 percent to $585. Since then the crypto-currency has rebounded to around $750, seemingly in recognition of a market overreaction.

 

Overall at the Senate hearing, US officials spoke approvingly of digital currencies, despite a past focus on Bitcoin as a money-laundering device and its utility in other criminal activities.

Practise Trading Options Risk Free – Demo Account.

US Fed chairman Ben Bernanke wrote in a written submission that virtual money “may hold long-term promise, particularly if the innovations promote a faster, more secure, and more efficient payment system”.

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This entry was posted on November 20, 2013 by and tagged .

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bitcoinvancouver2013@gmail.com

bitcoinvancouver2013@gmail.com

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