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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 …

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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 …

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News

Bitcoin surges through $11,000 less than 24 hours after topping $10,000

The digital currency spiked through $11,000 early Wednesday, hours after surpassing the $10,000 level for the first time. By 9:16 a.m. ET, bitcoin had leaped all the way to $11,377.33, according to CoinDesk. But just over an hour later, bitcoin was back below $11,000 trading near $10,777.27 as the new …

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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 …

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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 …

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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 …

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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 …

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News

Bitcoin Just Surged Past $8,000. Here’s What’s Causing the Spike

After dipping below $6,000 earlier this month, the price of cryptocurrency Bitcoin surged as high as $8,040 Friday on one of the world’s largest exchanges, Bitfinex. The globally weighted average-high Bitcoin prices were slightly lower, sitting at $7,998. Bitcoin prices have pared their gains since, falling to $7,829 on Bitfinex, …

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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 …

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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. …

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News

Bull Grip Weakens As Bitcoin Price Breaks Below $7,000

Bitcoin remains on the back foot ahead of the weekend. According to Coindesk’s Bitcoin Price Index, the number one cryptocurrency by total network value fell below $7,000 at 11:25 UTC this morning and hit an eight-day low of$6,793. A minor bid wave seen during the Asian session today quickly ran out of …

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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 …

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Bitcoin

Why People Get Religious about Bitcoin

  he Bitcoin phenomenon isn’t about a bunch of people who all believe the cryptocurrency is a good investment. That’s part of it. But for many, the belief in Bitcoin’s power to transform society runs much deeper: it’s almost an article of faith. Where does this fervor come from? To …

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News

Japan: A Forward Thinking Bitcoin Nation

By 2014, Bitcoin was just about ready to hit the mainstream in Japan. Mt. Gox was a Tokyo based bitcoin exchange which boasted 70% of the global turnover of Bitcoin trading. However, in February of 2014 Mt. Gox suddenly closed its website and shut down its exchange when it was …

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News

5 Questions Bitcoin Traders Can’t Answer

As a bona fide cryptocurrency skeptic, I’m of two minds on Bitcoin and other cryptos. One, I don’t think we know enough about them to invest in them as if they were stocks and bonds. The transparency isn’t there. But I also think that the tide of technology and investors …

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News

Why Bitcoin’s Next Fork Might Not Mean Free Money

Bitcoin is gearing up for what could be the biggest (and least understood) change to its software to date. Often called simply a “digital currency,” bitcoin is best viewed as a protocol (a set of code) that delivers data (in this case bitcoins) in defined quantities (called blocks) that are …

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Bitcoin

Analysts spar on whether the cryptocurrency is a good deal or too risky

Bitcoin’s meteoric rise in price this year is backing people into two camps: the deeply suspicious and the incredibly enthusiastic. Andrew Left, a bitcoin critic, and Tom Lee, an all-in admirer, squared off Wednesday on CNBC’s “Fast Money.” Left, of Citron Research, is a noted short seller who likes to …

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Bitcoin

What’s the Price of Bitcoin Gold? Crypto Traders Still Aren’t Sure

From $0 to $2,900 – and seemingly everywhere in between. Bitcoin gold, a new fork of the bitcoin software, may not have been officially launched (or distributed to users), but that isn’t stopping the cryptocurrency markets from seeking to determine its potential value (or profiting from its eventual existence). In an interesting …

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