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

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

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 …

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 …

Bitcoin
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Healthy Pullback? Bitcoin Price Dips Back Below $5,300

Bitcoin may be witnessing a healthy pullback. After having rallied more than 90 percent from a September low of $2,980, the bitcoin-US dollar (BTC/USD) exchange rate is trading at $5,240 today, a figure that, at press time, marks a new daily low. As per CoinMarketCap, the cryptocurrency has shed 7.37 percent …

Bitcoin

Bitcoin is finally buying into US real estate

Bitcoin is already in retail and restaurants — so it was only a matter of time before the cryptocurrency took on real estate. That time is now. Bitcoin is slowly making its way into closings on everything from Lake Tahoe land in California to Manhattan condos to single-family homes in …

Bitcoin

These charts show how quickly bitcoin is growing

As bitcoin soars to all-time highs, the pace of gains is rapidly picking up speed. For example, it took well over 1,000 days for each leg of bitcoin’s climb from a few cents to $1,000, and from $1,000 to $2,000. But since bitcoin topped $2,000 for the first time this May, the …

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Bitcoin is back above $4,500 for the first time in a month

It marks the first time bitcoin has been above $4,500 since early September and continues a rally that began on Thursday. Commenting on the rally on Friday, Mati Greenspan, a senior market analyst at trading platform eToro, said: “European regulators have been cracking down on all things crypto lately and …

Bitcoin

Government Head of IT Department Fired for Mining Bitcoin Using State-Owned Computers in Crimea

Two government officials of the Crimean Council of Ministers were caught mining bitcoin using government computers and were subsequently fired. They reportedly installed “malicious software” on the government’s server and programmed over a dozen computers to mine bitcoin. Also read: Russia Proposes Adding Cryptocurrency to the Population’s Financial Literacy Strategy Government …

Bitcoin

What Is Bitcoin, and How Does It Work?

Are Bitcoins those coins I see in photographs? No. Those coins are novelty items that newspapers used in photographs because they couldn’t find anything else to illustrate their stories about Bitcoin. A Bitcoin is a digital token — with no physical backing — that can be sent electronically from one …

Bitcoin

Golden Crossover: Bitcoin Charts Suggest Price Readying for Bump

The weekend rally in the bitcoin-U.S. dollar (BTC/USD) exchange rate may have come to a halt at $4,470 on Monday, but bulls appear to be crowding out the weak hands. The retreat to $4,255 over the last day suggests investors who lack the financial resources to carry their positions have been …

Bitcoin

The Feds Just Collected $48 Million from Seized Bitcoins

The U.S. Justice Department has claimed the proceeds from the sale of 144,336 bitcoins, valued at just over $48 million, that it obtained after shutting down the notorious online drug market Silk Road in 2013. While the government had already sold the bitcoins in a series of auctions in 2014 and 2015, …

Bitcoin

Goldman Sachs’ Bitcoin Desk Would Attract Mega Funds

Prayers answered or simply too good to miss? The Wall Street giant Goldman Sachs is reportedly considering a brand new operation which would be dedicated to Bitcoin trading. Well, if you are working for JP Morgan, no need to worry because if your boss fires you, another Wall Street giant …

Bitcoin

Bitcoin could be heading to $6,000 by year-end but brace for volatility, experts say

Bitcoin could rally nearly 40 percent to hit $6,000 before the end of the year but investors should brace for more volatility, according to industry experts. The cryptocurrency was trading around $4,333 on Tuesday. The third quarter has been one of the most eventful in bitcoin’s history. It is up over …

Bitcoin

Cryptocurrency Exchanges Are Increasingly Roiled by Hackings and Chaos

Dan Wasyluk discovered the hard way that trading cryptocurrencies such as bitcoin happens in an online Wild West where sheriffs are largely absent. Wasyluk and his colleagues raised bitcoins for a new tech venture and lodged them in escrow at a company running a cryptocurrency exchange called Moolah. Just months …

Bitcoin

A Victory For Bitcoin

While Bitcoin remains highly speculative – I think it can continue to strengthen from here.  Bitcoin is so volatile that I want to reiterate my belief that it only belongs in your portfolio as part of your highly speculative allocation.  I also think it is worth reviewing my 3 Rules …

Bitcoin

How Bitcoin Mining Works

In traditional fiat money systems, governments simply print more money when they need to. But in bitcoin, money isn’t printed at all – it is discovered. Computers around the world ‘mine’ for coins by competing with each other. How does mining take place? People are sending bitcoins to each other …

Bitcoin

Will bitcoin ever be a safe investment or always a gamble?

he boss of JP Morgan was unequivocal about bitcoin at a recent conference in New York: the digital currency was only fit for drug dealers and would eventually blow up. “[It] isn’t going to work,” said Jamie Dimon. “You can’t have a business where people can invent a currency out of …