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Bitcoin is taking off after China’s biggest exchanges allow withdrawals

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Bitcoin is taking off after China’s biggest exchanges allow withdrawals

Bitcoin is back to its old ways after a few quiet sessions.

The cryptocurrency trades up 4.1% at $2,407 a coin following news that China’s three largest bitcoin exchanges are allowing customers to withdraw bitcoins from their accounts. 

The news follows months of uncertainty for customers of the exchanges, who back in February were told they would be unable to take bitcoin out of their accounts. At the time, bitcoin was threatening its record high of $1,161 a coin before plunging more than 10% on the news. 

Since then, however, things have been going pretty well for the cryptocurrency. Aside from the US Securities and Exchange Commission rejecting two bitcoin ETFs, bitcoin has seen a steady stream of good news. 

In early April, Japan announced bitcoin had become a legal payment method in the country. Additionally, Russia’s largest online retailer, Ulmart, began accepting bitcoin despite Russia’s saying it wouldn’t consider the use of the cryptocurrency until 2018

Last week, the Digital Currency Group, representing 56 companies in 21 countries, reached a scaling agreement at the Consensus 2017 conference in New York. That caused the cryptocurrency to hit an all-time high of $2,798 a coin.

Bitcoin has gained 155% so far in 2017. 

Get the latest Bitcoin price here.

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Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

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Bitcoin is back to its old ways after a few quiet sessions.

The cryptocurrency trades up 4.1% at $2,407 a coin following news that China’s three largest bitcoin exchanges are allowing customers to withdraw bitcoins from their accounts. 

The news follows months of uncertainty for customers of the exchanges, who back in February were told they would be unable to take bitcoin out of their accounts. At the time, bitcoin was threatening its record high of $1,161 a coin before plunging more than 10% on the news. 

Since then, however, things have been going pretty well for the cryptocurrency. Aside from the US Securities and Exchange Commission rejecting two bitcoin ETFs, bitcoin has seen a steady stream of good news. 

In early April, Japan announced bitcoin had become a legal payment method in the country. Additionally, Russia’s largest online retailer, Ulmart, began accepting bitcoin despite Russia’s saying it wouldn’t consider the use of the cryptocurrency until 2018

Last week, the Digital Currency Group, representing 56 companies in 21 countries, reached a scaling agreement at the Consensus 2017 conference in New York. That caused the cryptocurrency to hit an all-time high of $2,798 a coin.

Bitcoin has gained 155% so far in 2017. 

Get the latest Bitcoin price

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href="http://ift.tt/2h1i3CD">here.

NOW WATCH: ‘Really?’: A reporter calls out Huckabee’s claim that ‘countless’ FBI employees were happy with Comey’s firing

Please enable Javascript to watch this video

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2rt5MQ9

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!



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