Bitcoin News 18 Sept 2017 – Bitcoin Strong after Dimon Controversy and China Crackdown

The Bitcoin News Today with the Bitcoin price in recovery mode and heading towards $4000. After the controversial comments from JP Morgan’s Jamie Dimon stating Bitcoin is a fraud, it didn’t take long for Bitcoiners to sniff out some controversy regarding JP Morgan themselves. It is reported that they have been caught “red-handed” purchasing roughly 3Million Euro worth of XBT shares, otherwise known as exchange-traded-notes, that track the price of Bitcoin. The Public records of Nordnet trading logs, the two associated firms JP Morgan Securities Ltd., and Morgan Stanley bought the XBT note shares. Understandably, eyebrows are raised.

 

China’s Regulators continue pressure Bitcoin Exchanges based in China. A number of exchanges have confirmed closure of their Chinese operations over the next few weeks while bitcoin investors are taking their trading elsewhere. They will now focus on broker-facilitated, over-the-counter exchanges, even trading via Telegram.

 

 

Other news headlines:

 

Russia Adds Cryptocurrency Courses to Universities – Many universities across Russia have added new courses to their existing finance curricula that are focused on cryptocurrencies, Bitcoin, and blockchain technology. They will offer these courses for the first time this academic year due to high demand.  Russia going

 

Japan’s lion share – Japan has once again become the largest Bitcoin exchange market with 50.75% market share of the global Bitcoin exchange market. Analysts attributed the surge in the trading volume of the Japanese Bitcoin exchange market to the exit of Bitcoin traders in China. This being said, since Japan made Bitcoin a legal payment system on 1 April 2017, traded volume from the Yen has continued to increase.

 

In recent months, Bit-Media has reported on the approaching launch of the world’s first blockchain smartphone and crypto communicator, the BitVault®. As the official launch date looms, 31 October 2017, a BitVault® press release announced the deployment of a dedicated sales team for the Indian market. Read the full press release here

 

Smartphones are coming to a blockchain near you, Futuretech on BitVault – Listen to the podcast here 

 

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