Bitcoin Updates

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Bitcoin in Egypt Is Treated Like Narcotic Drugs, But Enthusiasts Soldier On

Egyptian Bitcoin enthusiast Ahmed Elmogy believes Bitcoin is doing well in his country and would do even better if not for the military regime’s …

China's Central Bank Issues New Warning to Bitcoin Exchanges

The People's Bank of China issued a new statement today in which it laid out in writing the warning it issued to nine domestic startups in a meeting …

Bitcoin

Bitcoin is zooming higher

Bitcoin is zooming higher on Tuesday, up 2.1% at $1,060.76 per coin as 9:43 a.m. ET. Tuesday's bid has the cryptocurrency higher for a ninth straight day and at its best level since January 5, when it put in a multi-year high of $1161.88.<p>While the catalyst for Tuesday's gain is difficult to …

Inside MAST: The Little-Known Plan to Advance Bitcoin Smart Contracts

Despite being the largest and longest-running blockchain, bitcoin isn't exactly known for its programming features.<p>In an age when new blockchain …

Why Cities Will Soon Choose Digital Currency Over Fiat Money

<i>Pavel Bains is the CEO and co-founder of Bluzelle, a company providing a suite of blockchain-powered applications aimed to accelerate financial</i> …

Bitcoin Price Will Skyrocket If It Becomes World’s Reserve Currency by 2020

The knee-jerk approach of governments around the world towards Bitcoin and Blockchain leave room for a lot of questions. The actions of the …

Think Tank: The Rise of Bitcoin Technology — What Retailers Need to Know

Irene Katzela is the chief executive officer of Chain of Points.<p>Cryptocurrencies, such as Bitcoin, have the potential to revolutionize retail …

Cryptocurrency

Rethinking Proof of Work: The Quest to 'Improve' Bitcoin Heats Up

In a world barreling onward in the name of efficiency, bitcoin stands out for the purposeful way it's anything but.<p>This 'deficiency' was the focus of …

Bitcoin Lovers, Thank Beijing - Bloomberg Gadfly

Bitcoin investors can thank China for popping a bubble in the digital currency.<p>The 10-day volatility of bitcoin dropped 50 percent in a matter of …

Here's why the Chinese love bitcoin

LONDON — Bitcoin trading in China has exploded over the last few years and the country today accounts for as much as 99% of all volume by some estimates.<p>Why?<p>Bobby Lee, the co-founder and CEO of one of China's biggest bitcoin exchanges, BTCC, believes there are two reasons: a Chinese love of …

Bitcoin Could Take Over These 7 Multi-Trillion Dollar Markets

Bitcoin served investors and traders globally throughout 2016 as digital gold. It protected assets and wealth of individuals struggling to deal with …

Washington Lawmakers Are Trying to Keep Bitcoin Out of Pot Shops

<b>UPDATE (19th January 22:25 BST):</b> This article has been updated with comment from Sen. Ann Rivers, the primary sponsor of the bill.<p>A new bill filed in …

Bitcoin Battle Heats Up as Coinbase Moves to Fight IRS Demand

Coinbase, the most well-known bitcoin exchange in the U.S., filed court papers last week to support a challenge to an IRS demand that the startup …

Bitcoin Will Change Money Like the Internet Changed Video

In the 80s, there were basically only three distribution systems for video: TV, VHS cassettes and the movie theater. That meant that the only video …

Andreas Antonopoulos: Ignore the Drama, Bitcoin Is Stronger Than Ever

“Mastering Bitcoin” author Andreas Antonopoulos was recently a guest on Trace Mayer’s Bitcoin Knowledge Podcast, where the two longtime Bitcoin …

Cryptocurrency

4 Industries Bitcoin Is Already Disrupting

As Bitcoin is again breaking the $1,000 value threshold, there’s no telling where the cryptocurrency can go from here. It has proven to be more …

Cryptocurrency

What Central Bank? China's Big Bitcoin Traders Are All-In On Bitcoin

Despite recent reports that suggest China's central bank is casting a critical eye on domestic bitcoin exchanges, local traders remain largely …

Why Small Businesses Should Consider Bitcoin

Bitcoin can help cut costs by making transactions faster and easier. But there are caveats.<p>In 2015 bitcoin finally made its mark: More than 100,000 businesses, including industry giants like Microsoft, Overstock.com and Dell, accepted it. But, what exactly is this mysterious "cryptocurrency" …

Blockchain Angels Invest $1 Million in Bitcoin-Ethereum Hybrid Qtum

A new public blockchain that would seek to merge popular design aspects of both the bitcoin and ethereum blockchains has raised $1m in funding.<p>By …

Bitcoin might just be a plausible response to the “war on cash” declared by governments around the world

Disparate collections of people around the world may find an unlikely common cause in 2017. They include Indians struggling with the effects of demonetization; Chinese currency speculators; Swedish pensioners; and desperate Venezuelans.<p>These groups are all enemy combatants in the war on cash being …

Cryptocurrency

Bitcoin Will Never Be a Currency—It's Something Way Weirder

The value of bitcoin surged past $1,000 this week, the first time it has reached such heights since late 2013. But don't let that big number fool …

Bitcoin

Bitcoin is trying to make a comeback

Bitcoin is off the lowest levels of its plunge on Thursday, which was the worst in two years.<p>The cryptocurrency is down 13% to $985.68 per coin as of 11:10 a.m. ET on Thursday. It earlier fell by about 20%.<p>Earlier this week, on its first trading day of the new year, bitcoin crossed above the $1,000 …

Bitcoin Usage Gains Traction in Indonesia

The Indonesian market is experiencing a rise in the number of bitcoin transactions even though the digital currency has no legal status in the …

Bitcoin Becomes Venezuelans’ Last Resort, Even When Buying Food

Amidst the worsening economic crisis and financial turmoil, Venezuelans are in search for alternative assets and stores of value to finance their …

The price of bitcoin is creeping back toward its 3-year high of $1,000

Does it feel like the only time you hear about Bitcoin is when the price is either abruptly soaring or sinking? Us too!<p>This time it’s soaring. Bitcoin is up about 30% over the last month, and about 50% over the last 3 months. The current price is hovering right around $950. The last time it traded …

Bitcoin price at record high against pound and euro

Bitcoin has hit a new all-time high against the pound, with the virtual currency now well above the previous record levels of late 2013.<p>The currency remains below the record level against the dollar, the typical international benchmark, but has shot past its previous highs in sterling terms in …

Cryptocurrency

How Not to Lose Your Bitcoin in 2017

<i>Pamela Morgan is an entrepreneur, attorney, educator and CEO of Third Key Solutions, a key consulting and management company that is the culmination</i> …

Bitcoin

Ivy League Professor’s Verdict on Death of Bitcoin: A Year After

Almost a year after Ivy League professor Vivek Wadhwa pronounced the death of Bitcoin, the digital currency has never looked stronger. It reached its …