BTC-E – Terrorist or Freedom Fighter? A recent tragedy has befallen on the Bitcoin world. There’s chaos and grief all over Bitcoin forums in this post-Bitstamp downfall era. Although the implications of this event may not be as disastrous as the fall of Mt. Gox, but it has certainly caused the trust to be plummeted on centralized Bitcoin exchanges – now more than ever. In contrast, there’s only one exchange …
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This week in review   This week bitcoin’s price was another roller coaster reaching a high of $329 on BTC-E. We witnessed a promising rally on December 26th which set a new high, however, the bears crushed it setting last week’s low of $307. The current pattern seems to be mini rallies with high volatility followed by a brutal crushing. We witnessed a similar situation on December 20th where we bottomed …
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Russia, one of Bitcoins main backers coming among the ranks of China for Bitcoin usage, has seen the rapid fall of official currency the Russian Ruble. The Russian Ruble known for its stability and preferred by Russian investors has lost its position as one of the best investments of 2014 as Bitcoin usurps its place. As seen on BTC-E, the trade volume for BTC-RUB has dramatically increased signalling many Russians …
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