Bitcoin surges sharply to wipe out the decline

     FX168 News: Bitcoin prices soared sharply in the Asian session on Wednesday (August 12), sweeping away the recent downturn.

     The quotes released by BITSTAMP show that Bitcoin/ US dollar (XBT/USD) traded in the 264-267 area yesterday from a sustained low. It soared sharply to the 271 line during the trading day and is now trading moderately above 269.

     The quotes released by KRAKEN show that Bitcoin/ Euro (XBT/EUR) rose to above 244 yesterday and then fell back. It soared sharply to around 247 during this trading day and the line is trading above 245.

     On the industry side, Consensus 2015 has partnered with the Digital Currency Department of the MIT Media Lab, hoping to promote diversity among cryptocurrency users by offering 50 scholarships to young women and people of color.

     Earlier, a CoinDesk study on Bitcoin users showed that less than one in ten Bitcoin owners (8.2%) admitted to being women, and more than 72% of Bitcoin owners were white, indicating a lack of diversity in cryptocurrency applications such as Bitcoin.

(Bitcoin/US dollar time-sharing chart Source: Bloomberg, FX168 Financial Network)

(Bitcoin/Euro time-sharing chart Source: Bloomberg, FX168 Financial Network)

At 12:57 Beijing time on August 12, Bitcoin/USD was 269.20 and Bitcoin/Euro was 245.31.