A technical glitch in a Bitcoin system, forcing one payment processing firm to halt withdrawals, is cited as a reason for a recent price drop in the digital currency. This computer bug comes on the heels of news that Russia is preparing a crackdown on the digital currency and news from Florida of two men arrested in what is said to be the first criminal charges under state law for using the digital currency in a money laundering scheme. Bitcoin, which had been trading near $1,000 per coin in loftier days, was recently trading near $570, according to Bitcoin Market,…
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
