An employee inspects machines for the production of bitcoin and lightcoins. Photo: AFP

China, home to the world’s biggest cryptocurrency mining farms, now wants to ban them completely

  • Bitcoin, the world’s most traded cryptocurrency, is now at around US$5,200, its highest level in four months
Topic |   Bitcoin

TOP PICKS

An employee inspects machines for the production of bitcoin and lightcoins. Photo: AFP
READ FULL ARTICLE
Bitcoin tokens taken on December 8, 2017. Photo: Reuters

A sudden surge in bitcoin propels the value of the digital currency above the key psychological level of US$5,000

  • Bitcoin’s value jumped 23 per cent to US$5,078.52 as of 1:38pm in Hong Kong, according to Bloomberg’s composite pricing
  • The prices of competing coins such as Ether, Ripple and Litecoin also jumped
Topic |   Bitcoin

TOP PICKS

Bitcoin tokens taken on December 8, 2017. Photo: Reuters
READ FULL ARTICLE