Speaking on CNBCs’s Squawk Box today, investment legend Warren Buffett warned investors to “stay away” from bitcoin, and claimed that the cryptocurrency was little more than a “mirage.” Buffett’s comments came in response to a question posed by Quicken Loans founder and chairman Dan Gilbert, who noted that bitcoin was the “big two-syllable word that…
Chinese Bitcoin exchange Huobi announced today that it would begin trading in “cryptocurrency silver” Litecoin starting on March 19. Almost immediately after the announcement, Litecoin prices began to climb steeply, jumping from $16 to a peak of around $17.5. The Bitcoin and Litecoin market in China is substantial, and earlier this month BTC China announced…
While Bitcoin prices eroded this week due to the worsening situation at the now-bankrupt Mt.Gox, demand in China appears to be surging. According to a report on the Wall Steet Journal‘s MarketWatch, China is currently experiencing a “gold rush” for Bitcoin. On Friday, while fans in Hong Kong embraced the opening of the first bitcoin…