Bitcoin

BITCOIN PRICE PARES SOME LOSES, BUT IS THE CAT DEAD?

QUICK TO RECOVER Bitcoin price $6340.43 +0.26% saw gains nearing three percent in less than an hour, quickly recovering from yesterday’s decline. The price surged over $200 in a matter of minutes after some sideways (in)action. Nevertheless, the first and foremost digital currency is still down about 15 percent in the last four …

Bitcoin

Bitcoin (BTC) Price Analysis: 6 TIMES—The Number of Times Bitcoin Has Retested $6,000 in the last Three Months

From a top down approach, it’s clear that sellers are in charge as BTC is down a massive 11 percent thanks to Sep 5 selling spree. Regardless, there is optimism for cryptocurrencies and Bitcoin in particular stemming mainly from bullish fundamental developments. This divergence means there is potential for BTC …

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

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

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

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

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

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 …