Bitcoin

Could Bitcoin Fall To $4,000 In The Coming Weeks?

Bitcoin prices have repeatedly suffered weakness over the last several months, and recently, a Bloomberg analyst predicted that the digital currency could fall to as little as $4,000. “Bitcoin is in dump mode, following the pump run-up on the potential for a U.S. ETF,” Bloomberg Intelligence analyst Mike McGlone stated during a …

Bitcoin

Meet Federico Tenga: The guy who teaches North Koreans about Bitcoin

Despite being the most hermetic country on Earth, North Korea is certainly no stranger to cyberspace—in both its uses and abuses. Despite a tiny local internet user base and just a few dozen local websites, cybercrime in the Democratic People’s Republic of Korea (DPRK) is estimated to be a multi-billion …

Bitcoin

Is Bitcoin Still A Safe-Haven Asset?

Is Bitcoin still appealing during times of distress? Shutterstock Recently, the global asset markets have been roiled by concerns that the United States and China may soon enter a trade war. While some assets have responded in a predictable fashion – with stocks losing value and gold enjoying gains – …

Bitcoin

Bitcoin Is Not Out Of The Woods Yet

Bitcoin prices have had a rough week, but things may get better before they get worse. The world’s largest digital currency has fallen close to 20% over the last seven days, pushing lower as they struggle with several bearish factors. At the time of report, Bitcoin was trading at roughly $8,800, after …

Bitcoin

Beware Fintech Firms Bearing Bitcoin

Fintech startups have long had trouble turning feel-good rhetoric into profitable growth. Competition is intense, consumers tend to want things for free, and dinosaur banks are far from extinct. To make matters worse, finance just isn’t as addictive as messaging or catching up with friends. That counts in an era …

Bitcoin

North Korea may have made as much as $200 million from Bitcoin, according to expert

north Korea may have raked in more than $200 million in digital cryptocurrency transactions last year, diluting the impact of stiff international sanctions over its nuclear and missiles programme. The huge haul of an estimated 11,000 Bitcoins was revealed by Priscilla Moriuchi, a former US National Security Agency officer, in …

Bitcoin

Two Bullish Signs For Bitcoin

After a prolonged correction, Bitcoin is back big time. The “people’s currency” gained close to 7% this week, stabilizing around the $11,000 mark. Is this comeback for real? Hard to say, as there are hardly any “fundamentals” to judge whether Bitcoin is undervalued or overvalued at these levels. Still, there …

Bitcoin

Litecoin vs Bitcoin: Comparing Two of The Most Popular Cryptocurrencies

Litecoin vs Bitcoin Litecoin vs Bitcoin. Which one is better? Everyone from qualified economists to Redditors have been comparing the two since Litecoin came into existence in 2011. The conversation not only discusses these coins individually and against each other, but also pertains to a more complex debate over what it takes …

Bitcoin

Bitcoin: A Definitive Guide

There has been a lot of drama around Bitcoin and cryptocurrency in the last year, with its recent rise and seemingly fatal fall making headlines in the months of late. Is hope truly lost for Bitcoin and its proponents? Maybe not. In order to better understand the specifics—What is Bitcoin? How is …

Bitcoin

Building a Base? Bitcoin Demand at $10K Hints at Move Higher

Persistent demand around the $10,000 mark appears to have not only neutralized the immediate bearish outlook on bitcoin, but also hints the cryptocurrency could be building a base for an eventual move higher. Prices on CoinDesk’s Bitcoin Price Index (BPI) fell to $9,972.29 yesterday, before witnessing a quick recovery to $11,000 levels. …

Bitcoin

No, You Don’t Have to Buy a Whole Bitcoin

“How much is bitcoin?” “Around $14,000.” “Well, that’s too expensive. I can’t afford that.” It’s a conversation that has surely happened thousands of times over the past several months as a new swarm of people find themselves enchanted by the cryptocurrency space and its tremendous gains. And it reveals not …

Bitcoin

Chinese bitcoin mining giant sets up Swiss hub

One of the world’s largest bitcoin miners is setting up a hub for European operations in Switzerland, a person familiar with company has confirmed to swissinfo.ch. The Chinese firm Bitmain Technologies is setting up in Zug just as the Chinese authorities move to shut down cryptocurrency miners. Bitmain Technologiesexternal link builds …

Bitcoin

Rising fees open the door for Bitcoin’s ‘currency’ contenders

Probably the biggest challenge that bitcoin faces today is scalability. Currently, bitcoin users are being charged an average of over $30 per transaction and transactions can take several hours to confirm. This is a far cry from the days when it was possible to send bitcoin within minutes to anywhere in the …

Bitcoin

Is Kim Jong Un one of the Main Factors behind Bitcoin’s Price Surge in 2017?

Is Kim Jong Un one of the Main Factors behind Bitcoin’s Price Surge in 2017? The North Korean dictator Kim Jong Un could very well be one of the main reasons why bitcoin has been rapidly gaining momentum in the past few months, at least according to some experts in …

Bitcoin

Ripple vs. Bitcoin: The 5 Biggest Differences Between the Cryptocurrencies

There’s a number of key differences between Bitcoin and Ripple. The former was first outlined back in 2008, and following a big run at the end of last year now holds value of $16,426 per token. Ripple, founded in 2012, has seen big interest from businesses including three Japanese credit …

Bitcoin

Bitcoin Exchange Youbit to Declare Bankruptcy After Hack

A South Korean bitcoin exchange is moving to declare bankruptcy following what it said was a debilitating hack and theft. A message on Youbit’s official website posted today states that, at around 4:34 a.m. local time, an external hack resulted in the loss of “about 17 percent of total assets.” The cyber …

Bitcoin

Putin planning a Cryptorouble to render economic sanctions POINTLESS

Mr Putin is thought to have been interested in the possibilities of cryptocurrencies for some time and held a meeting last summer with Vitalik Buterin, the founder of another cryptocurrency Ethereum. Mr Putin’s move to try to establish control on any future cryptocurrency would appear to go against the original …

Bitcoin

Breaking Bitcoin With a Quantum Computer

Alex Beath, a Toronto-based physicist and pension fund analyst, is skeptical about Bitcoin but sees one useful purpose for the crypto-currency: It may detect when someone creates a working quantum computer. “The second someone creates a viable quantum computer, the NP-complete math problems at the heart of Bitcoin mining tech …