Daily Roundup – August 9, 2017

Daily Roundup – August 9, 2017

According to Bloomberg, Goldman Sachs has acknowledged that it has become harder for institutional investors to ignore the cryptocurrency market, which has more than doubled in total value in 2017.

According to Quartz, there is a case to be made for a $5,000 bitcoin price, even after the digital asset has risen from $600 to $3,400 over the past year.

According to CoinDesk, BTC-e plans to return under a new name and issue a new token in an effort to refund users in the aftermath of action from U.S. authorities against the exchange.

According to MSNBC, the drug fentanyl can be easily purchased from China from the comfort of one’s home in the United States. MSNBC Correspondent Jacob Soboroff went through the initial steps of making such a purchase in a report.

Over at Forbes, the rapid rise and fall of Bitcoin Cash has been covered. The Bitcoin Cash market cap went as high as $7.6 billion before falling to less than half that in the proceeding days.

Featured image via Florian Plag.

About The Author

Kyle Torpey

Kyle Torpey is a freelance writer and researcher who has been following Bitcoin since 2011. His work has been featured in VICE Motherboard, Business Insider, NASDAQ, New York Post, The Next Web, American Banker, and other media outlets. You can follow Kyle on Twitter, send him an email, sign up for his daily Bitcoin newsletter, or visit his personal website.

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