| | NOVEMBER 4th, 2016
“This isn't life in the fast lane, it's life in the oncoming traffic.” – Terry Pratchett
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When China sneezes, bitcoin catches a cold.
We’re not sure if China is sneezing or just sniffling, but rumors that regulators might seek ways to limit the movement of bitcoins across borders sent the price tumbling almost 9% on Thursday.
This interrupted a strong rally that saw bitcoin soar above $700 for the first time since June. Since demand from China has been cited as one of the reasons for that price increase, we can assume that market observers will be on the lookout for signs of regulatory change – if any. (Read the full story.)
Wait, there's more:
· Overstock selects dealer for blockchain stock offering. Who?
· The pros and cons of ICOs. Buyer beware.
· Global finance regulators to make DLT proposals. Background info.
· Man arrested for stealing funds to buy bitcoin. Get outta here.
· Thai bank and IBM working on blockchain recordkeeping. More details.
· EU closer to establishing digital currency task force. Tell me more.
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