Bitcoin

Bitcoin, Ether wrap up month with steep losses

The No. 1 and No. 2 digital currencies, bitcoin and Ether tokens, on Friday are on track to wrap up a volatile September—marked by blistering criticism from high-profile executives and intensifying regulatory focus—in the red after trading little changed on the day. Where are bitcoin and Ether trading? Price of …

Bitcoin

North Korean hackers’ attempts to steal bitcoin are a huge wake-up call

For years, bitcoin critics have warned us about how the cryptocurrency provides way too much opportunity for criminals to launder money. Even JPMorgan CEO Jamie Dimon slammed bitcoin recently, saying it is a “fraud” that would be shut down at some point. But a recent report that shows North Korean hackers …

Bitcoin

Bitcoin blow as fund drops U.S. exchange application

(Reuters) – An effort to allow investors to trade digital currencies as easily as stocks in the United States stumbled when the backer of a bitcoin fund said an application to list on an exchange had been withdrawn. Grayscale Investments LLC said Intercontinental Exchange Inc’s (ICE.N) NYSE Arca exchange withdrew …

Bitcoin

Bitcoin Prices Firmly Above $4000 Without China

Bitcoin traders have got a couple of things right lately. The digital currency can survive and thrive without China. And government regulation is positive, not negative, for the future of Bitcoin and other major cryptocurrencies. It adds credibility to the market, while limiting the supply of new coin offerings. Most …

Bitcoin

Bitcoin: The Case For A $10,000 Coin

You’ve probably read it on a multitude of news outlets, but the decentralized virtual currency Bitcoin is on a seemingly unstoppable tear, rising over 54% in value the first two weeks of August alone. As of late August, its value was at $4,625 per coin. Taking an even wider step back, Bitcoin has outperformed virtually …

Bitcoin

Big Governments Won’t Kill Bitcoin Or Uber

Big governments and the institutions that align behind them — big banks and big unions — have scaled up the campaign against Bitcoin and Uber recently. Russia has been added to the list of countries that are trying to limit the spread of Bitcoin, as London is added to the …

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4 Reasons Why Bitcoin May Still Blow Up

Call me a cryptoskeptic. There are too many unanswered questions about cryptocurrencies and they are not immune from the perils of speculation and fraud. I’ve been interviewing people who are not only tech savvy, but considerably more optimistic than I am about the future of cryptocurrencies. Although I believe the …

Bitcoin

Prominent Bitcoin Trader: Price is Heading Towards $100,000 in 2018

Earlier this week, prominent bitcoin trader and investor Tone Vays provided technical analysis on bitcoin’s short-term trend, major price correction following the nationwide ban on Chinese bitcoin exchanges, bitcoin’s swift recovery, and the long-term future of bitcoin. The analysis of Vays demonstrated the potential of bitcoin price to surpass the …

Bitcoin

Japan, South Korea drive global bitcoin prices as retail investor pile in

HONG KONG (Reuters) – Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, with the digital currency more than doubling its value since the start of the year, analysts and market practitioners said on Friday. Frenzied buying as the price peaked at …

Bitcoin

4 Top-Performing Alternatives to Bitcoin

While Bitcoin dominates the headlines, its underlying blockchain technology has spawned a new ecosystem of alternative cryptocurrencies, known as “altcoins.” Following Bitcoin’s staggering 1,000% moonshot of the past 12 months, a fresh wave of capital has flooded the space searching for the next 10-bagger. Altcoins arrived on the scene via …

Bitcoin

Ethereum Is The Investment To Make While Bitcoin Lags With Regulatory Questions

Summary Bitcoin has suffered a huge price drop due to international news on Chinese regulation; it needs these to be resolved to climb back up in value. Ethereum, meanwhile, is a protocol and goes beyond the scope of one single digital currency. Ethereum’s price will become tied more to its …

Bitcoin

Wall Street Journal Argues Bitcoin Is “Probably worth Zero”, Joins Obituary List

One of the Wall Street Journal’s most read articles of the day implies that bitcoin’s volatility reveals that the cryptocurrency is “probably worth zero.” The author of the piece starts by stating that a borderless digital currency out of the government’s reach that allows for semi-anonymous transactions sounds good, but …

Bitcoin

5 Big Bitcoin Crashes: What We Learned

eptember has been a wild ride for bitcoin owners: the digital currency began the month nudging an all-time high of $5,000 before losing nearly 40% of its value in a spectacular crash. Now, a recovery has seen bitcoin pop back over $4,000 as of Monday morning. To put this in context, Fortune offers …

Bitcoin

Wait, I can get Bitcoin at that ATM?

You may know Bitcoin is a controversial digital currency that makes news for falling or rising — a lot. Less widely known is that consumers can acquire the cryptocurrency through ATMs, just like regular cash. The number of machines installed worldwide is nearing 1,600, with the biggest hunk in the U.S. at …

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$4,000: Bitcoin’s Price Shrugs Off China Exchange News

Bitcoin’s price has bounced back above $4,000 following market losses linked to the recent regulatory crackdown in China. After China’s early September ban on initial coin offerings (ICOS), news on September 15 that bitcoin exchanges were shutting down following directives from government officials sparked a market drop that sent prices reeling to a low of $2,981. Since then, …

Bitcoin

Jamie Dimon, Here’s Why You’re Wrong About Bitcoin

We’ve never met, and I never expected to find myself in the position of writing you an open letter. But this weekend, days after your observations on Bitcoin, strangers all over the world, plus old friends like my high school best friend’s younger brother, were still tweeting or messaging me about …

Bitcoin

Wall Street Analyst Sees Bitcoin Surging to $25k Despite China Exchange Ban

Major Wall Street analyst Thomas Lee, the co-founder Fundstrat Global Advisors, appeared on CNBC’s Fast Money and reaffirmed his short-term price target of $25,000, despite the nationwide ban on bitcoin exchanges issued by the Chinese government and its financial regulators. By the end of October, merely less than three weeks …

Bitcoin

U.S. Bill Would Ease Bitcoin Tax Regulations for Small Transactions

Two U.S. congressional representatives have introduced a bill that would reduce bitcoin tax reporting requirements. If the bill is signed into law, U.S. bitcoin users would no longer have to report transactions worth less than $600. The Cryptocurrency Tax Fairness Act of 2017, introduced by Congressional Blockchain Caucus co-chairs Rep. Jared Polis (D-CO) …