The bankrupt Mt. Gox Bitcoin exchange took another step toward oblivion today (Wednesday) when the Tokyo District Court dismissed its application for civil rehabilitation and steered it on a path to liquidation.
With the deadline for the Chinese Bitcoin exchanges to be cut off from their bank accounts upon us as of today (Tuesday), the Bitcoin price is rising.
The Bitcoin market ended the week as it began – trying to sort out how far the Chinese central bank will go in its crackdown on the Chinese exchanges, and how that might affect Bitcoin prices everywhere else in the world.
Mainstream Chinese news outlet Caixin Online was the first to report last week that the People’s Bank of China (PBOC) was planning to force Chinese banks to close any accounts they have with Bitcoin exchanges by April 15.
The post The Bitcoin Market Continues to Be Rocked by China Uncertainty appeared first on Money Morning – Only the News You Can Profit From.
Chalk one up for the good guys.
The IEX exchange, a new stock platform that launched Oct. 25 of last year, was designed to negate the advantage that Wall Street’s high-frequency traders have over everyone else.
The post IEX Exchange Short-Circuits Wall Street’s HFT Cheaters appeared first on Money Morning – Only the News You Can Profit From.