Bitcoin

North Korea cybercrime gang chases Bitcoin as price surges to £13,000

The surging price of cryptocurrencies in global markets is catching the eye not just of ordinary retail investors but a cybercrime gang with links to the North Korean government, according to cyber researchers tracing the group’s activities. The Lazarus cybercrime group is mounting an ongoing scheme to steal the online …

Bitcoin
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Thank Kim Jong Un for your crypto gains

Because of heavy sanctions placed on the country for its nuclear weapons testing, North Korea has long run a series of “side businesses” like drug trafficking, endangered species trading, money laundering and currency counterfeiting to provide hard cash to the Kim regime. Naturally, bitcoin trading came next. There are a …

Bitcoin

Five predictions for digital currencies in 2018

After the bitcoin craze rose to a near-fever pitch in the last several weeks of 2017, several investors and analysts in the space see more growing pains for cryptocurrencies this year. Here are five predictions for digital currencies, based on those interviews: 1. More institutions will get into cryptocurrencies. “Our …

Bitcoin

How Likely Is It That Bitcoin Will Hit $500k In Three Years?

Do you believe John McAfee is right about Bitcoin hitting $500,000 in 3 years? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world. Answer by Vladimir Novakovski, 8.5 years in hedge funds, on Quora: It’s interesting that …

Bitcoin

The Sharks Are Beginning to Circle Bitcoin and It’s Down 30%

Bitcoin faced one of its biggest tests this week, losing almost a quarter of its value after the world’s largest cryptocurrency reached a record high Monday. The digital currency plunged as much as 30 percent on Friday, before paring losses, as this week’s selloff entered a fourth day with increasing …

Bitcoin

No Stopping? After New High, Bitcoin Price Eyes $20k

Bitcoin bulls look set to push prices as high as $20,000 over the next few days, according to the price chart analysis. As expected, solid dip demand around $14,000 levels seen over the weekend fueled the move to fresh record highs above $17,000 yesterday. As of writing, the CoinDesk’s Bitcoin Price Index (BPI) is …

Bitcoin

Why Has Bitcoin’s Price Gone Up So Fast?

SAN FRANCISCO — Bitcoin has been in a bull market like few the world has ever seen. At the beginning of the year, the price of a Bitcoin was below $1,000. It hit $5,000 in October, then doubled by late November. And on Thursday, less than two weeks later, the price of …

Bitcoin

After China, India’s central bank warns: Beware of bitcoin

Over the weekend, it was China’s central bank. Then, on Tuesday (Dec. 05), the Reserve Bank of India (RBI) warned investors against betting on bitcoin and other cryptocurrencies. “So there’s only one thing we can do—watch it from the bank of a river,” Pan Gongsheng, deputy governor of the People’s …

Bitcoin

Bitcoin Surges Above $12,000 For the First Time

Bitcoin extended its eye-popping rally on Wednesday, breaking above $12,000 to a record high despite questions about the cryptocurrency’s real value and worries about a dangerous bubble. Bitcoin received a boost after Friday’s announcement by the main U.S. derivatives regulator that it would allow CME Group Inc and CBOE Global …

Bitcoin

Here’s When Europe’s New Bitcoin Rules Will Come Into Effect

There’s been a flurry of reports in the last day about the U.K. cracking down on bitcoin, with some claiming that the news was responsible for a “tumble” in the famously volatile cryptocurrency’s value—the value of one bitcoin was nearing $12,000 but is now down to around $11,350. So what’s …

Bitcoin

What’s behind the bitcoin boom?

As the price of the bitcoin leapt past $10,000 this week, marking a tenfold gain in 2017, many investors seemed to nurse a ‘missed-out’ feeling. The financial press ran ‘how-to-invest-in-bitcoin’ tutorials right alongside unflattering comparisons of the bitcoin boom to the Tulip mania. If you are among the Indian investors …

Bitcoin

What You Need To Know About Bitcoin And Bitcoin Cash

Bitcoin has been caught up in a protracted scaling debate since early 2015, when the first solutions were proposed by Jeff Garzik, Gavin Andresen and Mike Hearn, all well known and respected bitcoin core developers at the time. Each of these proposed changes revolved around a quick increase to the blocksize, the …

Bitcoin

Bitcoin Is Very Close to Crossing This Major Milestone

Last week, former hedge fund manager Mike Novogratz predicted bitcoin would cross the $10,000 mark by the end of this year (it was worth around $8,300 at the time). And venture capitalist Tim Draper made the same prediction three years ago, when it was worth around $424. Right now it looks like those were …

Bitcoin

The electricity used to mine bitcoin this year is bigger than the annual usage of 159 countries

Bitcoin mining computers are pictured in Bitmain’s mining farm near Keflavik, Iceland, June 4, 2016. Picture taken June 4, 2016. Bitcoin mining computers are pictured in Bitmain’s mining farm near Keflavik, Iceland, June 4, 2016. Picture taken June 4, 2016. REUTERS/Jemima Kelly New bitcoin is created by computers solving complex …

Bitcoin

What Happens When the World’s Largest Remittance Market Regulates Bitcoin?

Earlier this week, CCN reported that the Supreme Court of India request the central bank and the authorities to provide clarity on the regulatory framework surrounding bitcoin and the cryptocurrency market. “According to Indian news daily The Hindu, three justices from India’s Supreme Court – the highest court in the …

Bitcoin

Market Correction Could See Lows of $5,800

In our last discussion of the bitcoin market, an emphasis was placed on the $7,000 support level because it represented a historic point of interest and it showed strong signs of support – a break of which would ultimately prove to have a strong downward move following afterward.  Bitcoin has since broken …

Bitcoin

Bitcoin Cash Skyrockets, Bitcoin Price Drops As Civil War Continues

Well, get your popcorn after all. Earlier this week, a planned hard fork on the Bitcoin blockchain that threatened to create two new coins, causing disruptions on exchanges and potential losses for users on both sides — but also possibly one of the most exciting chapters in Bitcoin’s history — was called off. …

Bitcoin

Analyst says 94% of bitcoin’s price movement over the past 4 years can be explained by one equation

The FundStrat cofounder Tom Lee says: “If you build a very simple model valuing bitcoin as the square function number of users times the average transaction value, 94% of the bitcoin movement over the past four years is explained by that equation.” This model is based on Metcalfe’s law, which …