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Bitcoin summit set for Branson's islandFeathercoin

Bitcoin price $223.49 (£146.14, €204.41)

Bitcoin held steady on Tuesday, slipping to around $223 by mid-afternoon in London, roughly where it began the week.

Dogecoin bounced back from a six-month low, while dash coin (formerly known as darkcoin) was trading around 20% down.

Branson to host bitcoin summit on private island

Cyrptocurrency champion and billionaire entrepreneur Richard Branson announced a bitcoin summit on his private Necker Island next month.

Branson's event will run from May 25 – 28 and will feature discussions, debates, and speeches from high-profile guests.

Long-time bitcoin supporter Branson welcomed guests with a call to improve humanity through the blockchain, no less.

"Come visit Sir Richard Branson on his private island for a set of intimate discussions highlighting critical issues and solutions and to lay out the framework for a world where the humankind is fully benefiting from the amazing technology behind the blockchain," the invite said, as quoted by Coin Desk.