Jim Pnacek

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ETF Options Income - Part 5: Increase Your ETF Yields with a Strangle

Options are great trading tools because they give you the means to benefit from almost any market environment. Whether you believe the market is …

Trading

Ripple coins soar to record above $3—stalks bitcoin for crypto dominance

The virtual currency known as Ripple coins soared to a record on Wednesday, solidifying a rally in the world’s No. 2 digital asset and closing in on …

Cryptocurrency

Bitcoin exchange goes bust after hack

A bitcoin exchange in South Korea has gone out of business after being hacked, highlighting the perils of trying to cash in on this year's stunning boom in digital currencies.<p>Seoul-based Youbit said it was filing for bankruptcy after cyber-thieves stole nearly a fifth of its clients' holdings in an …

Cryptocurrency

Is Bitcoin The Canary In The Crypto Mine: If So, Buy Gold

The fundamentals point to a continuing bearish US dollar.<p>Brexit uncertainty, mixed economic data, and the weakening US dollar as a global reserve …

Cryptocurrency

Bitcoin losing favor with underworld

With law enforcement stepping up its Bitcoin game, a number of alt coins - Monero, Ether, and Zcash among them, according to Europol - are gaining …

Cryptocurrency

Bitcoin's Path To $1 Million: Why This Bubble Is Not Bursting Anytime Soon

Since Bitcoin's first commercial "pizza transaction" in 2010, the price has skyrocketed by over 500,000,000%.<p>So, it's natural for many people to …

Cryptocurrency

Bitcoin plunges as low as $10,400 in volatile trading on Coinbase; now down 27 percent from record

Bitcoin plunged Friday, taking the digital currency briefly below $11,000 and down 47 percent from a record high hit at the start of the week.<p>Bitcoin …

Cryptocurrency

Bitcoin Plunges 25% in 24 Hours in a Cryptocurrency Market Rout

Digital currency has lost more than $120 billion of its total market value in less than a week<p>The price of bitcoin tumbled sharply Friday, wiping away one-fourth of its market value in 24 hours, as a wave of selling hit the broader cryptocurrency market just before the Christmas holiday …

Cryptocurrency

Unidentified trader bets $1 million that bitcoin will reach $50,000

Someone out there just made a bet that bitcoin will surge above $50,000 next year, trading data show—about triple its current price.<p>Daily trading …

Cryptocurrency

Bitcoin drops 10% as top cryptocurrency marketplace starts supporting rival bitcoin cash

Bitcoin fell Tuesday after Coinbase, the leading platform for buying and selling bitcoin in the United States, said Tuesday it was rolling out …

Cryptocurrency

3 Stocks to Buy to Leverage the Bitcoin Craze

Bitcoin is the gift that keeps on giving. Those who had the vision to see the potential of the blockchain-powered cryptocurrency early on became …

IPM – Bitcoin Warning – General

Multi-millionaire Louis Navellier has an urgent message for anyone looking to “dip their toes” into the cryptocurrency markets.<p>Multi-millionaire fund …

I was wrong about bitcoin. Here's why

Several years ago, tech enthusiasts in San Francisco began buzzing about a new and mysterious thing called Bitcoin. There were rumors that the …

Cryptocurrency

Some well-known PayPal veterans just invested in the world's first crypto index fund

For people looking to get in on cryptocurrencies without having to bet on a single one, a new money management firm is trying to make …

Cryptocurrency

Bitcoin 'dwarfs' nearly all bubbles, including the 1929 stock market crash, investor Ken Fisher says

Whether or not bitcoin is in a bubble, the cryptocurrency's performance "dwarfs" nearly all bubbles, including the 1929 stock market crash, investor …

Stock Markets

Cryptocurrency market now worth $500 billion, more than Warren Buffett's Berkshire Hathaway

The total market capitalization of all digital currencies has surpassed $500 billion dollars for the first time.<p>As both Ethereum and Litecoin soared …

Investing

Bitcoin plunges more than $3,000 after hitting new record

Bitcoin has given investors whiplash yet again.<p>Just after hitting a new record of more than $17,000, the digital currency plummeted Friday. Its price nosedived more than $3,000<b>,</b> swinging wildly between a high of $17,154 and a low of $13,964<b>,</b> according to tracking site CoinDesk.<p>Bitcoin has been on a …

Cryptocurrency

Bitcoin boom may be a disaster for the environment

Bitcoin's phenomenal rise this year may be making speculators very rich, but some observers say it's terrible for the environment.<p>Once shunned as a murky domain for cranks and criminals, bitcoin has started to attract mainstream investors. Its price has surged from less than $1,000 at the start of …

Bitcoin

Bitcoin was $800 a year ago. Now it's $17,000

The frenzy over Bitcoin has reached a fevered pitch.<p>Bitcoin surged above the $17,000 mark for the first time ever on Thursday, according to CoinDesk, which calculates the average price of a bitcoin based on data from four popular exchanges.<p>That's a stunning figure considering just one week ago, …

Cryptocurrency

What is Bitcoin?

CNN Money's Zain Asher explains how Bitcoin works and if it's the currency of our future.

I bought $250 in bitcoin. Here's what I learned

Some people kill time at the airport by browsing duty-free shops. I decided to shop for bitcoin.<p>But first, there are two things you should know about me: I tend to be almost as afraid of losing money investing as I am of flying. On some level, I figured one fear might cancel out the other.<p>So last …

Cryptocurrency

Bitcoin: What's driving the frenzy?

2017 has become the year bitcoin went big.<p>It started the year worth less than $1,000 but has soared above $17,000. Back in 2011, it was worth less than a dollar. It is being bought and sold by investors in a frenzy, driving the price higher and higher.<p>Some leading economists and financiers are …

Cryptocurrency

More than $60 million worth of bitcoin potentially stolen after hack on cryptocurrency site

Hackers may have gotten away with $60 million worth of bitcoin after a cyber attack hit the cryptocurrency mining platform NiceHash.<p>Users highlighted …

Cryptocurrency

Billionaire investor Marc Lasry: I should have bought bitcoin when it was at $300

Billionaire investor Marc Lasry told CNBC on Thursday that he should've bought bitcoin when it was at $300 just a couple years ago.<p>The …

Cryptocurrency

Hackers steal $5 million in attack on European bitcoin exchange

Europe's biggest Bitcoin exchange has been hacked, again.<p>Cyber thieves have run off with about 19,000 bitcoin ($5.2 million) from Bitstamp accounts. The company said it has suspended services after some digital wallets were compromised on Jan 4.<p>Bitstamp told customers not to make any deposits as it …

Bitcoin

More than $70 million stolen in bitcoin hack

Hackers have carried out a heist on a leading digital currency platform, making off with bitcoins worth more than $70 million.<p>"Yesterday morning at about 1 a.m. a hacker or a group of hackers was able to infiltrate our systems through a compromised company computer," NiceHash CEO Marko Kobal said …

For security agencies, blockchain goes from suspect to potential solution

Police and security agencies have so far only taken an interest in blockchain - the distributed ledger technology behind cryptocurrencies like …

Blockchain