Bitcoin Updates

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Early investor in Tesla, Skype and Hotmail says bitcoin will be bigger than all those combined

Not only does venture capitalist Tim Draper think bitcoin is here to stay, he says it could be bigger than the internet.<p>When asked during a debate …

Cryptocurrency

Amazon Wins Patent for Data Stream to ‘Identify’ Bitcoin Users for Law Enforcement

Amazon’s latest patent aims to combine data from various sources to identify cryptocurrency users for subscribers including the taxman and cops.<p>Amazon, the online retail and technology giant owned by billionaire Jeff Bezos, won a patent in the US for a subscription feed that the company claims …

Bitcoin

Many Bitcoin Miners Are at Risk of Turning Unprofitable

Bitcoin is at an inflection point.<p>Even with the price back above $8,000, many of the so-called miners that perform the complex calculations to …

Bitcoin

'Big bitcoin heist' suspect escapes prison and flees Iceland 'on PM's plane'

The suspected mastermind behind the theft of 600 computers used to mine bitcoin in Iceland has escaped from prison and fled to Sweden on an aeroplane reportedly carrying the Icelandic prime minister.<p>Sindri Thor Stefansson escaped through a window of the low-security Sogn prison in rural southern …

Crime

Hackers keep robbing cryptocurrency YouTubers

‘You’re a walking honey pot’<p>Ian Balina, a former IBM salesman who became a full-time cryptocurrency trader and pundit, is not known for his modesty. Like many YouTube personalities in the vein of motivational speaker Gary Vaynerchuk, he brands himself as a self-starter-made-good who now wants to …

Internet

Bitcoin whales dump $100 million of digital currency in 24 hours

The price of bitcoin took a dive Tuesday, falling by more than $200 in under 20 minutes, a move that could have been the result of a single seller …

Cryptocurrency

Economists Explore Bitcoin's 'Equilibrium Price' in New Paper

Two economists have developed a model for pricing bitcoin and other assets in decentralized financial networks.<p>Emiliano Pagnotta and Andrea Buraschi, …

Bitcoin

It’ not a Bubble, George Soros Plans to Invest in Cryptocurrencies

George Soros is well known for his influence on the financial markets, Soros has made a name for himself when he took the Bank of England to the …

Stock Markets

Did Bitcoin Just Bottom?

On Thursday, Bitcoin surged by over $1,000 in just a half hour. The surge was its strongest one-day volume move ever.<p>Someone important, like a …

Cryptocurrency

Bitcoin Has Now Forked Almost 70 Times

<b>Forking bitcoin used to be a rarity. Then it became the norm. And then it became a meme, with anyone and everyone forking bitcoin on a weekly basis.</b> …

Cryptocurrency

Bitcoin spikes 14% in less than an hour

Bitcoin surged more than 14% in less than an hour Thursday morning, bringing the world's largest cryptocurrency closer to the $8,000 level that it has not seen since March.<p>It's the biggest intra-day gain for bitcoin in almost two months, according to historical data from CoinMarketCap.<p>Despite the …

Cryptocurrency

Bitcoin is eating Quebec - MIT Technology Review

At first glance, nothing looks particularly cutting-edge about this aging industrial park in Saint-­Hyacinthe, Quebec, about 60 miles east of …

Bitcoin

Bitcoin holds steady above $7,000 as 2 Wall Street legends reportedly eye the crypto market

Major cryptocurrencies were trading in the green Sunday morning following reports that two traditional Wall Street firms are eyeing the market for digital currencies.<p>Bitcoin, the largest cryptocurrency by market capitalization, was trading up 2.1% at $7,047 a coin, according to Markets Insider data.<p>…

Cryptocurrency

It Started With the Rockefellers. Now It's Taking on Crypto

In the 1930s, Laurence Rockefeller began investing his oil-anointed inheritance in technology and aviation companies. Several decades later, in 1969, …

Cryptocurrency

India just cracked down on cryptocurrency. Hard.

Indian officials are not here for your cryptocurrency games.<p>Government officials with the Reserve Bank of India announced on Thursday that, effective …

Cryptocurrency

The era of overnight bitcoin millionaires is fading fast, a ‘seismic shift’ says analyst

The days of overnight bitcoin millionaires are coming to a close. As the price of the No. 1 digital currency continues to fall — declining more than …

Cryptocurrency

TOM LEE: There's a $25 billion reason bitcoin could stop plunging by mid-April

US tax returns for 2017 are due April 17.<p>Many people who bought bitcoin as it soared last year are not looking forward to that day. That's because anyone who sold their cryptocurrencies for profit will owe taxes on those earnings.<p>Tom Lee, the cofounder of Fundstrat, estimates that US bitcoin …

Cryptocurrency

Bitcoin Will See a Major Bull Run in 2018, Experts Claim

The year 2018 has been off to a bad start for all cryptocurrencies. Whereas some people already despair, good things will come to Bitcoin and …

Cryptocurrency

Bitcoin will fall to $4,000 before any sustained bounce, analyst predicts

Cryptocurrency prices gave up some recent gains Wednesday, with bitcoin, the No. 1 digital currency, drifting back below $7,000 as bullish traders …

Cryptocurrency

South Korean millennials are reeling from the Bitcoin bust

For months, Seoul resident Ye-won Oh monitored cryptocurrency markets voraciously, refreshing her phone practically every minute of every day. In early 2017, she invested $40,000 in Ethereum, which has become wildly popular in South Korea. Like many young Koreans living through Korea’s difficult …

Cryptocurrency

Bitcoin Foundation cofounder: Crypto isn't in a bubble — 'bitcoin is the pin that's going to pop the bubble'

LONDON — A senior bitcoin advocate has dismissed fears that the market is in a bubble, saying instead that bond and stock markets around the world are being artificially inflated by central banks.<p>Bitcoin surged to over $20,000 a coin in the final months of 2017 but has since collapsed to about …

Cryptocurrency

Cryptocurrency Bloodbath Continues as “Monster Rally” Looms on Horizon

The cryptocurrency market is currently in the midst of an ongoing bloodbath, with the value of Bitcoin — which holds a significant influence over the …

Cryptocurrency

Bitcoin millionaires are buying Lamborghinis as a status symbol of crypto wealth, and the carmaker says sales are rocketing

Silicon Valley may be flush with cash, but its monarchs often don't like to flaunt their wealth. The culture encourages tech's casual billionaires (or mere millionaires) to stay humble, spend on sneakers and hoodies instead of parties, and focus on the work more than the spoils.<p>So far, …

Cryptocurrency

How network theory predicts the value of Bitcoin - MIT Technology Review

Philosophers, economists, and theorists have various ways to judge how money should be valued. Some have said that its worth lies in a high cost of …

Cryptocurrency

Not Dead: There’s Good Reason to Be Long on Bitcoin

<b>With western Christianity set to celebrate the basis of its theology this weekend, bitcoiners the world over might be showing up to churches in</b> …

Cryptocurrency

‘All Hell Will Break Loose’: Abra CEO Predicts Bitcoin Price Boom Will Return This Year

Mainstream financial analysts might be fixated on Bitcoin’s so-called “death cross” and what it might mean for the flagship cryptocurrency moving …

Cryptocurrency

Another Cryptocurrency Firm Moves to Malta Following Binance

Very few countries are openly friendly to cryptocurrency companies as of right now. The lack of clear regulatory guidelines makes this particular …

Cryptocurrency

What the World’s Governments Are Saying About Cryptocurrencies

Getting your head around cryptocurrencies was hard enough before governments got involved. But now that policy makers around the world are drawing up …

Cryptocurrency

Bitcoin Price Notches 6% Increase as Cryptocurrency Market Jumps $20 Billion

Over the past 24 hours, the cryptocurrency market has gained $20 billion, as major cryptocurrencies bitcoin and Ethereum recorded solid gains. …

Cryptocurrency