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HONG KONG: Bitcoin may be about to take another step toward mainstream acceptance as South Korea’s biggest bank by assets prepares to embrace the cryptocurrency.
Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble.
Bitcoin's vertiginous ascent showed no signs of abating on Monday, with the cryptocurrency soaring to another record high just a few percent away from US$10,000 (RM41,200) after gaining more than a fifth in value over the past three days alone.
NEW YORK: Bitcoin blew past US$9,700 just a week after topping US$8,000 and approached its closest ever to five figures, gaining mainstream market attention as it defies bubble warnings.
NEW YORK: Bitcoin is showing no signs of slowing down, blowing past US$9,000 less than a week after topping US$8,000 and now quickly closing in on five big figures.
FRANKFURT: Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble. But it keeps them awake at night because these private currencies threaten their control of the banking system and money supply, which could undermine the monetary policies they use to manage inflation.