News — China

Bitcoin Market Cap Now Higher Than Goldman Sachs & Morgan Stanley

Posted by Nakamoto Clothing Co. on

With Bitcoins latest price surge (reaching a ATH of $5,856.10), it how has a higher market cap than both Goldman Sachs ($92.9 Billion) and Morgan Stanley ($89.1 Billion).  According to Coinmarket.com the market cap of Bitcoin reached $96.7 Billion. Whoa dudes. What was that about China again? You can read more about the latest bitcoin price here at CNBC.  

Read more →

Bitcoin is Dead. Again. For the 160th Time.

Posted by Nakamoto Clothing Co. on

So, crazy week in the world of Bitcoin and Cryptos. Here's a quick list of FUD, rumors and some fake news thrown in.  China is banning ICO's China is banning Crypto exchanges Litecoin founder Charlie Lee tweets China is also banning Bitcoin itself JP Morgan CEO Jamie Dimon claims Bitcoin is a fraud and will eventually blow up Jamie Dimon claims he will fire any JP Morgan employee that deals with Bitcoin With all the news, we've seen Bitcoin price fall below $4000/USD. Never a dull moment. Just for giggles here's a great post about the other 159 times someone claimed...

Read more →

China, NEO & ICO's

Posted by Nakamoto Clothing Co. on

The Chinese government is beginning the steps to regulate ICO's, which will see them stop companies from raising funds through ICO platforms. A lot to speculation has led to a bloody Monday in the markets, currencies lost over $10 Billion dollars in the past 24hrs. Beijing based NEO has taken a big hit with many others following in it's steps.  This means one thing. Buy the dip. You can read more about the new regulations set to take place here. As always, happy trading! Nakamoto Clothing Co.

Read more →