***Bitcoin Soars On Falling Yuan; North Korean Crypto Thieves***
CRYPTO MARKETS
Bitcoin suddenly soared this week as global markets had their worst day this year, rising more than 20% in the last seven days and jumping more than $500 per bitcoin in a matter of minutes on Monday night, only to fall back again. As trade tensions flared and the Chinese yuan fell, investors flocked to “safe-haven” assets like gold and U.S. Treasurys. Is bitcoin now a safe-haven asset too?
Plus: Tezos, the 16th largest cryptocurrency in the world that nearly collapsed after its ICO, is up more than 200% this year.