Financial

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Bitcoin exchange NiceHash loses millions to hackers

Exchange loses its virtual wallet in breach, which some reports say contained more than $60 million in cryptocurrency.<p>While many bitcoin investors are basking in record valuations, some are coming to grips with an astonishing loss.<p>Cryptocurrency marketplace NiceHash said Wednesday that hackers …

Cryptocurrency

Bitcoin tops $13,000, less than 24 hours after topping $12,000 for the first time

Bitcoin climbed above $13,000 Wednesday afternoon after topping $12,000 Tuesday night.<p>The digital currency began the year below $1,000 and its gains have accelerated as investor interest grows. Chicago-based CBOE Global Markets is planning to launch bitcoin futures on Sunday, while the world's …

Cryptocurrency

Steam Is No Longer Accepting Bitcoin

Valve has confirmed that it will no longer support Bitcoin as a payment option on Steam. The decision is “due to high fees and volatility in the …

Cryptocurrency

Square is unleashing crypto onto more of its user base

• <b>Square, the mobile-payments company, has been allowing some of its users to buy and sell bitcoin on its Cash App.</b>• <b><br>The company said on Tuesday it was rolling out the service to additional users.</b><p>Square is increasing the number of people eligible to buy and sell bitcoin on its Cash App, the company …

Cryptocurrency

Bitcoin Is a 'Toxic Concept for Investors,' Yale Economist Warns

Add another voice to the chorus calling bitcoin a dangerous bubble: that of Yale University senior fellow Stephen Roach.<p>Roach, who also used to be …

Ray Dalio

Hidden Credit Card Benefits You Might Be Missing

Your credit card might offer more than cash back or hotel and airline rewards points.<p>Often, hidden in the fine print of your cardholder agreement, …

Consumer Reports

New Real-Time Payment System Could Help You Avoid Late Fees

A new “real-time payment” system that could help consumers avoid late payments and penalties was officially launched last month and will be rolled …

Banking

Revolut merges mobile banking with cryptocurrency trading

Revolut is merging traditional banking and cryptocurrency to let you buy, sell, trade, and hold Bitcoin, Litecoin, and Ether alongside 25 world fiat currencies. The $90 million-funded mobile banking startup is trying to erase the divide between old and new money.<p>Revolut‘s CEO Nikolay Storonsky …

Cryptocurrency

5 Bitcoin Rivals That Are Rapidly on the Rise

Bitcoin prices peaked at an all-time high of over $11,800 Sunday in one of the most dramatic value surges of any asset in living memory.<p>Today’s …

Bitcoin

Bitcoin: UK and EU plan crackdown amid crime and tax evasion fears

Cryptocurrency close to record high despite news Treasury plans to end traders’ anonymity<p>The UK and other EU governments are planning a crackdown on bitcoin amid growing concerns that the digital currency is being used for money laundering and tax evasion.<p>The Treasury plans to regulate bitcoin and …

Bitcoin

Bitcoin Futures Could Trigger a Lehman-Style Collapse, Billionaire Warns

Bitcoin prices soared to a new high last week on the news there will be a futures market for the currency starting on Dec. 18. But not everyone is …

Bitcoin

Bitcoin hits new high above $11,500 as the Winklevoss twins become the first bitcoin billionaires

• <b>Bitcoin hit a new high of $11,826.76 per coin on Sunday, according to Markets Insider data.</b>• <b><br>Bitcoin's meteoric recent rise means Winklevoss twins' $11 million bet on the cryptocurrency in 2011 is now worth over $1 billion.</b><p>LONDON — Bitcoin is back to its winning ways, posting a new record high on …

Cryptocurrency

Here's What Bitcoin's Smartest Skeptics are Telling Investors

Bitcoin continues one of the most dramatic price runups of any asset in living memory, posting prices above $11,800 this morning after starting the …

Bitcoin

A Startup Sportsbook's Big Bet On Creation Of Its Own Cryptocurrency

As the future of sports betting has become the most pressing issue in the gaming industry, at least in the United States, one company is focused on creating a more equitable and fair pricing model for bettors, with enhanced prospects of attaining long-term profitability, by reducing operator …

Bitcoin

Anger and confusion as crypto traders lose thousands in 'flash crash' on $54 billion exchange

• <b>"Flash Crash" hit cryptocurrencies NEO, OMG, and ETP on the Bitfinex exchange on Wednesday.</b>• <b><br>Price drop triggered exchange to liquidate many customers' leveraged positions, leaving some with thousands of dollars in losses.</b>• <b><br>Customers claim the orders weren't executed correctly and the platform was hit</b> …

Trading

TechCrunch founder launches crypto hedge fund

Michael Arrington, founder of pioneering tech news site TechCrunch, is raising up to $100 million for a hedge fund that will primarily invest in …

Startups

Two of the biggest cryptocurrency exchanges are experiencing issues as bitcoin surges past $11,000

• <b>Two of the biggest cryptocurrency exchanges, Coinbase and Gemini, both crashed on Wednesday morning.</b>• <b><br>Coinbase said it saw "all-time high traffic" which contributed to system outages.</b>• <b><br>Bitcoin soared over $11,000 on Wednesday, after hitting a record high of $10,000 on Tuesday.</b><p>Two of the biggest …

Cryptocurrency

The Fed may create its own digital currency

The U.S. Federal Reserve is considering the creation of its own digital currency, according to New York Fed President William Dudley, who was …

Cryptocurrency

2017 is the year cryptocurrency joined the global financial system

This week, the value of a single bitcoin officially cleared $10,000, a new high point that’s over an order of magnitude greater than its price at the start of this year. Bitcoin has defied market expectations before, but in 2017, it didn’t just become more valuable. Bitcoin and other …

Bitcoin

Ladies and gentlemen, one bitcoin is now worth $10,000

It seems unreal, but it's true: The price of digital cryptocurrency Bitcoin has just hit $10,000.<p>The all-time-high milestone comes after a period of …

Cryptocurrency

Give the Gift of a Roth IRA for the Holidays

Rather than giving a child or grandchild a gift card this holiday season, you might want to consider a gift that keeps on giving for decades—a Roth …

Retirement