6 February 2014

Venture Capitalists and Bitcoin Companies React to Apple’s Blockchain Ban

News that Apple had pulled the Blockchain.info app from its App Store broke in the early hours of this morning (UK-time) and the short-term effect seemed to be a dip in the price of bitcoin.


At midnight (GMT), the price was $822. Some 15 minutes later, Blockchain tweeted its response to Apple’s decision and, over the course of the next hour, the bitcoin price fell to $793. By 08:30, the price had fallen to $783.04, the lowest it has been since 2nd January.


At the time of writing, the price is back up to $802, but this is still 8% lower than yesterday’s high of $874.


Continue reading at CoinDesk


February 06, 2014 at 06:43PM