Bitcoin Watch – Keep an eye on the cryptocurrency taking the world by storm

At the beginning of 2017, the highly volatile Bitcoin was valued at just below USD1,000, however recently it has skyrocketed well into the teens at a high of over USD19,000.

Latest Bitcoin news:

The International Monetary Fund (IMF) is calling for global coordination on cryptocurrencies as it warned of the risks from surging prices. IMF spokesman Gerry Rice told reporters Thursday in Washington, “Greater international discussion and cooperation among regulators, yes, would be helpful.” While Rice didn’t elaborate on what type of coordination is needed, the push for action comes as digital currencies such as Bitcoin become an investment phenomenon and household name. “When asset prices go up quickly, risks can accumulate, particularly if market participants are borrowing money to buy,” Mr Rice said. “It’s important for people to be aware of the risks and take the necessary risk-management measures.”

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