Bitcoin Enjoys a Large and Sudden Price Hike
The rise comes after it was announced that Yahoo Japan would be investing a 40 percent stake in the popular cryptocurrency exchange BitARG. Both institutions had remained relatively silent over the last month regarding their partnership, with executives at BitARG saying they were merely exploring “various possibilities” when it came to potential investments, but now it appears Yahoo is the “man behind the curtain.” The investment is equal to about two or three billion yen – roughly $18 to $27 million in USD.
