Bitcoin Traders

The Bitcoin price had entered the day on an upward trajectory, and it continued to ride this bullish wave past the $11,000 barrier, eventually rising as high as $11,065. However, Bitcoin met resistance at that mark, and before long, the Bitcoin price began to retrace. Ultimately, the Bitcoin price plunged ...

Bitcoin crime nets Pa. heroin trafficker prison time

A Pennsylvania man who illegally sold $1.5 million in Bitcoin to undercover federal agents and others was sentenced Wednesday to a year and a day in ... money transmitting business between January 2015 and November 2016 and failing to report the cash-to- Bitcoin and Bitcoin -to-cash transactions.

Bitcoin price falls after report that SEC is launching ICO probe

The price of bitcoin sank late Wednesday after a report by the Wall Street Journal that the Securities and Exchange Commission is ramping up pressure on the initial coin offerings market, issuing scores of subpoenas and information requests to companies. The Journal reported the SEC is seeking ...

Germany Won't Tax You for Buying a Cup of Coffee With Bitcoin

Germany won't tax bitcoin users for using the cryptocurrency as a means of payment, the Ministry of Finance has said. The guidance, published Tuesday, sets Germany apart from the U.S., where the Internal Revenue Service treats bitcoin as property for tax purposes - which means that if an American ...

CoinDesk's Head of Research On What's Next For Cryptocurrency

If you have ever researched bitcoin or blockchain, chances are you found yourself on CoinDesk's homepage. Since 2013, CoinDesk has been the leader in blockchain news. CoinDesk's Director of Research Nolan Bauerle first became interested in cryptocurrencies while researching money laundering ...

Investing in Cryptocurrencies: Bitcoin Could 'Easily' Soar to $100000

Investing in Cryptocurrencies: Bitcoin Could 'Easily' Soar to $100,000. Bitcoin could 'easily' see a $100,000 price tag in the coming year. That's the assessment from James Altucher, a noted crypto commentator, author and podcast host. ByScott Gamm. Feb 28, 2018 4:18 PM EST. Bitcoin could "easily" ...

Bill Gates says bitcoin has been a 'fairly direct' cause of deaths

The world's second-richest man made his aversion to cryptocurrencies clear during a Tuesday “ask me anything” session on Reddit, saying that among other evils, they have been a “fairly direct” cause of deaths. Gates said it's “a good thing” when governments are able to root out “money laundering and ...

Bitcoin and Solar Energy Fuel Investment in Japan: Expert Take

Nine years after Bitcoin launched, the economic, social and political implications of the crisis are still being felt around the world. Globally, treasury departments continue to face funding deficits with no simple resolution in sight, and the ensuing significant increases in government debt have produced ...

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It Sounds Like Richard Sherman Missed Out on Making Millions in Bitcoin

Sherman was one of the early adopters who accepted Bitcoin as a payment method on his website in 2012 and 2013 after being a fan of it for years and seeing the long game of the coin being used for everyday purchases. Unfortunately, he converted all his bitcoins for cash in 2013 after it passed the ...

Guy Who Says He Invented Bitcoin Sued for Billions

(Newser) – Whether or not Craig Wright invented bitcoin , his early involvement in the cryptocurrency is clear. According to the family of Wright's former business partner, Dave Kleiman, the pair founded a bitcoin mining and research firm that controlled between 550,000 and 1.1 million bitcoins by the time ...

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Tyler Winklevoss: Bitcoin Is Gold, Ether Is Oil, Litecoin Is a Testnet

Speaking in New York City on Feb. 27, Tyler Winklevoss – co-founder, along with his twin Cameron, of the Gemini cryptocurrency exchange – lent his support to an argument that has long been popular among bitcoin bulls: the cryptocurrency is a form of digital gold. Both gold and bitcoin are scarce, ...

Bitcoin Enters Awkward Adolescence

There were no disasters when cleared Bitcoin derivatives began trading. There were no technical failures or regulatory surprises. After some initial confusion, Bitcoin futures and options prices settled at rational levels relative to cash prices and volatilities. There was no massive selling by large holders ...

Bitcoin and Ethereum Are Barely Moving -- Here's Why That's a Good Thing

For example, bitcoin transaction fees peaked at a prohibitively expensive level above $25 in December, but those fees have since come down to where they're more competitive with other payment-processing expenses. The problem of scalability and long transaction times also has several viable ...

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Bitcoin billionaire? Don't forget the IRS

FILE- In this Dec. 8, 2017, file photo, coins are displayed next to a Bitcoin ATM in Hong Kong. The IRS says that cryptocurrency transactions are taxable by law. That means people who made money (or lost it) on Bitcoin trades, “mined” Ethereum or even bought a cup of coffee with digital currency face ...

Here's How Square Sees Bitcoin Fitting Into Company's Future

Jack Dorsey, who serves as chief executive of both Square and Twitter (TWTR), said Bitcoin could have an impact going forward. " Bitcoin for us is not stopping at buying and selling. We do believe that this is a transformational technology for our industry and we're going to learn as quickly as possible.

“Bitcoin Core” Is Another Attempt to Discredit Bitcoin Cash

The last thing the world needs right now is more cryptocurrencies using the Bitcoin name. Things have gotten a bit out of hand in recent months, yet that doesn't deter teams from trying to bring more “shitcoins” to the table. Bitcoin Core is a new project not to be confused with Bitcoin or the Bitcoin core ...

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This Is Who Controls Bitcoin

As a decentralized system by design, it can be difficult to see where the real power lies in Bitcoin . There are a number of different players in the ecosystem (e.g. miners, hodlers, exchanges, developers), but one entity has more power than the others in terms of what types of protocol improvements will be ...

Thanks for Nothing: Here Come Bitcoin Prices of $25000

"In 6 of the last 7 years, Bitcoin posted its annual low within the first 60 days, before March -- in 2018, bitcoin was down 50% by Feb 6 (36 days), which falls within that time frame," Lee points out in a new note. "In other words, as we enter March, this is another reason to view $5,900 as THE LOW for the ...

How North Korea uses bitcoin to get around US sanctions

We can say “North Korea is using bitcoin ,” but we can't sanction Bitcoin as an entity because Bitcoin is not a person responsible — it's just distributed technology. So instead, we're having to drill even deeper and try to look for wallets that North Korea has used or even exchanges that can be compelled ...

Bitcoin: Money or Financial Investment?

"Economists like to argue that money belongs in the same class as the wheel and inclined plane among ancient inventions of great social utility. Price stability allows that invention to work with minimal friction." —Ben S. Bernanke. Bitcoin has become a cultural and financial phenomenon. While many ...

Bitcoin Reaches Major Scaling Milestone as Users Adopt Upgrade

Segregated Witness, or SegWit, the software upgrade designed to speed up Bitcoin transactions, is gaining traction. The number of transactions using the technology doubled to more than 30 percent in just the past three days, according to the SegWit.Party website, which tracks the data. The following ...

Struggling bitcoin will double by midyear, Wall Street's Tom Lee says

Bitcoin will likely double from here and the broader cryptocurrency market should recover by the end of March, Fundstrat's Tom Lee says in a Wednesday report. Lee also says incremental announcements by some major companies around cryptocurrencies should also help prices rise. Notably, Lee ...

Bitcoin Price Limps Through February as Cryptocurrency Market Follows

As February draws to a close, most investors would rather forget the month. Bitcoin's price at the end of February was a familiar story. BTC briefly crossed the $11,000 mark for the second time in as many weeks but quickly pared its gains. At 06:30 UTC this morning, bitcoin was changing hands at ...

Venezuela's New Cryptocurrency Is An Even Worse Investment Than Bitcoin

It is Venezuela's version of bitcoin , which is perhaps the best-known cryptocurrency. The Petro's "presale" launched February 20 and is expected to run through March 19. The goal is to raise up to $2 billion according to a recent report from geopolitical consulting firm Eurasia Group. The idea is that the ...

UK 'cryptojacking' attacks surge 1200% as bitcoin value rise sees illegal miners taking over PCs

Incidents of cryptojacking - the process of hacking bitcoins and other digital currencies - have surged in the UK in recent months by as much as 1,200 per cent, according to one cybersecurity giant. Symantec Threat Intelligence observed a dramatic up-tick in attacks on lucrative cryptocurrency holdings ...

Cryptocurrency Market Stable at $450 Billion, Bitcoin Price Remains Above $10500

Based on the price trend of bitcoin , Ethereum and other major cryptocurrencies throughout the past week, it is unlikely that the market will enter a strong bull market in the short-term. It is more likely that the market will remain highly volatile in the $450 billion region both in the upside and downside, ...

Hedge funds gain another avenue to bet against bitcoin

As institutional demand grows for cryptocurrencies, Genesis Global Trading is launching a digital currency lending business called Genesis Capital to enable investors to borrow bitcoin , ether and others for a fixed amount of time. One of the uses will be for investors who want to bet against bitcoin without ...

Bitcoin hits a wall above $11k, downward trend remains in tact

It had been a good 48-hours for cryptocurrencies with the majority of the main digital currencies posting solid gains to start the week. However, an early morning slide has put a dampener on cryptocurrency investors. After extending gains early Wednesday, the No. 1 cryptocurrency, bitcoin BTCUSD, ...

Hookers and escorts now taking BITCOIN for 'full girlfriend experience' as cryptocurrency revolution ...

Bubble Escorts accepts the currency to an address provided during booking - with a receptionist phoning back ten minutes later to confirm it has been accepted. Other agencies are now following suit, with sex site Adultwork offering up two male escorts in Leeds and Wiltshire in exchange for Bitcoin .

How You Could Lose Big In Bitcoin, Cryptos

This is not something any investor wants to read. We're naturally optimistic. Nearly everyone I know would like to make money from blockchain technology. But the history of finance and investing is littered with losers. You have to be realistic. Most new businesses fail. Most people who try to time the ...

Is Bitcoin The New Gold?

Louney stressed the correlation is minor—not enough to move gold prices, and not enough to say that investors are presently considering bitcoin as gold's replacement. The macroeconomic factors that have traditionally impacted gold prices continue to dominate the playing field, such as stock market ...

Woz was scammed out of Bitcoins now worth over $70000

Apple co-founder Steve Wozniak has demonstrated the issue of bitcoin fraud by falling victim to an old school internet scam. Speaking at The Economic Times of India's global business summit this week, he said that someone bought seven bitcoins from him using a credit card, but canceled the card after ...

JACK DORSEY: Square 'is not stopping at buying and selling' bitcoin

" Bitcoin , for us, is not stopping at buying and selling," Dorsey told analysts on the company's fourth-quarter earnings call. "We do believe that this is a transformational technology for our industry and we want to learn as quickly as possible." For now, bitcoin's impact on Square's bottom line "was really ...

How to choose the best bitcoin or cryptocurrency exchange

Experienced bitcoin traders recognize that snafus come with the territory in a new and lightly regulated $700 billion market growing so rapidly it's hard to ramp up fast enough. Major bitcoin and cryptocurrency exchanges are springing up globally, including Coinbase and Binance in Japan, Bittrex and ...

I want to be a bitcoin miner ... what will my salary be?

The Role: As a decentralized cryptocurrency, there is no state or other authority responsible for processing and verifying bitcoin transactions. Instead, bitcoin miners based around the world earn small sums for lending the computing power needed to complete these digital transactions. Each of these ...

Bitcoin: Bill Gates warns cryptocurrencies 'cause death in fairly direct way'

Microsoft's billionaire co-founder Bill Gates has warned against investing in cryptocurrencies like bitcoin , arguing they "caused deaths in a fairly direct way". Gates told a Reddit "Ask Me Anything" (AMA) session on Tuesday that the anonymous and unregulated nature of virtual currencies, which are ...

Richard Sherman Missed Becoming Bitcoin Gazillionaire ... By Thiiis Much

Richard Sherman Missed Becoming Bitcoin Gazillionaire By Thiiis Much. EXCLUSIVE. Video thumbnail. NEVER LOOKING BACKTMZSports.com. Richard Sherman is a visionary ... he was accepting Bitcoin on his website back in 2012 and 2013 -- but there's just one problem ... HE CONVERTED IT ALL ...

Statement on Zclassic [ZCL] and Bitcoin Private [BTCP]

Bitcoin Private (BTCP) is a proposed "fork" of Zclassic (ZCL), combining the Unspent Transaction Output (UXTO) set of ZCL with the UXTO's of Bitcoin (BTC). The UXTO snapshots are considered the first ZCL and BTC blocks found after February 28th, 5pm UTC. Bittrex will NOT be supporting the market ...

Bitcoin Transactions with Daniel Van Flymen

Since Bitcoin , there have been other cryptocurrencies that have similar properties–like Ethereum and the IPFS/Filecoin system. Similar to Bitcoin , they use a decentralized, proof of work based system with a currency reward system–but the ledger being maintained is not purely financial. A currency is a ...

Bitcoin Brushes $11K as Bull Case Strengthens

Having tested $11,000 this morning, bitcoin (BTC) is now trading roughly sideways for the day, but could still close the month on a positive note. CoinDesk's Bitcoin Price Index (BPI) clocked a seven-day high of $11,044 at 06:30 UTC and was last seen around $10,610. Due to the retreat from the ...

Bitcoin-Futures Regulator Clears Employees to Trade Crypto Coins

That began to change late last year when Giancarlo allowed two major U.S. exchanges to offer Bitcoin futures -- a move that placed his agency at the forefront of crypto oversight. The decision concerned some other regulators who thought Giancarlo was moving too quickly, people familiar with the matter ...

Dialogue: What Readers Thought About Bitcoin Miners Flocking to Oregon

"This world will burn before these madmen figure it out.” Terrence Thurber brought his Bitcoin mining operation to The Dalles in 2014. "If you could give me a great strategy game, a couple growlers of good craft beer and a weekend with my dogs,” he says, "I'd be pretty content." (Christine Dong).

Will bitcoin go to zero?

Positives include more governance/network/hard fork-related progress, with " Bitcoin Core" rolling out Segregated Witness (SegWit) in an effort to correct glaring inefficiencies in the transaction network. The launch of Venezuela's "petro," a state-run oil-backed crypto deployed as a last-ditch effort to avoid ...

Bitvaults | Bitcoin and Cryptocurrency PSD Template

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Rapper 50 Cent Denies He Is Bitcoin Millionaire At Bankruptcy Court

Curtis James Jackson III, known more commonly by his stage name “50 Cent”, has denied that he made millions by selling an album for Bitcoin (BTC) in documents filed during his bankruptcy case, The Blast reported Monday, Feb. 26. According to The Blast, TMZ falsely reported in January that he made ...

Turns out 50 Cent isn't a surprise bitcoin millionaire after all

Rapper 50 Cent is now admitting that he didn't actually make $8 million in bitcoin that he forgot he had, and that he was just playing along with an erroneous but favorable story. “I do not personally own, and have not owned, either a bitcoin account or any bitcoins ,” said 50 Cent — whose real name is ...

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What Is The Difference Between Bitcoin And Ripple?

But what exactly is Ripple, what makes it different from Bitcoin – and why do some people not consider it to be a cryptocurrency in the truest sense? And, as always, remember that investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should ...

Steve Wozniak had $70000 in bitcoin stolen after falling for a simple, yet perfect, scam

“I had seven bitcoins stolen from me through fraud,” Wozniak said at the Times' Global Business Summit on Monday. “Somebody bought them from me online through a credit card and they cancelled the credit card payment. It was that easy. And it was from a stolen credit card number so you can never ...

Bitcoin's self-proclaimed creator accused of using obscure font to steal billions

If you're going to defraud someone out of several hundred thousand bitcoin , maybe don't also draw undue attention to yourself by publicly claiming to have created the cryptocurrency. Oh, and you probably shouldn't make a shitty computer font the linchpin of your scam, either. And yet despite these ...

Bitcoin drop today

Hileman said the dramatic increase last year could also be contributing to the pullback in Jan 16, 2018 The steep drop, which pushed bitcoin to a six-week low of $10,650 and 45% from its prior peak, was driven in part by news that South Korea, a country whose investor base has been at the epicenter of ...

Want to get in on the Bitcoin action? Two Modesto businesses want to help

Rancho Fresco Mexican Grill in downtown Modesto and a Chevron station on McHenry Avenue are among the first in town to either accept or sell Bitcoin on site. The former has been accepting Bitcoin as payment for its Mexican food for the past year. The latter recently installed a Bitcoin ATM where ...

$10 Billion Bitcoin Lawsuit Filed vs Man Who Claims He's Crypto Inventor Satoshi

Australian entrepreneur Craig Wright, who claims he's Satoshi Nakamoto, the mysterious inventor of bitcoin , has been slapped with a $10.2 billion lawsuit accusing him of trying to steal blockchain intellectual property rights and more than $5 billion worth of bitcoin . In the federal lawsuit filed in a Florida ...

Bitcoin is officially the most bullish chart in history

Bitcoin / U.S. Dollar (BITFINEX:BTCUSD). Get more trading ideas from Dalin_anderson. Follow market experts, get opinions and be heard! Join the largest trading & investing community on the planet.

Report: Coinbase made 43 percent of its 2017 revenue in December alone

The digital currency exchange and wallet service Coinbase, founded in 2012 and backed by Silicon Valley investors, recently told shareholders that it booked $1 billion in revenue in 2017. A new independent analysis says about 43 percent of that came in December when the price of bitcoin was surging ...

Bitcoin Millionaire 50 Cent Flips, Denies Owning Cryptocurrency

In courtroom documents obtained from his bankruptcy hearings, rapper 50 Cent admitted he never owned any Bitcoins . He had previously boasted owning the cryptocurrency, having accepted Bitcoin as payment for his 2014 album, Animal Ambition. Initially reported by TMZ, the rapper, whose real name ...

JPMorgan Chase Admits Cryptocurrency Is a 'Risk' to its Business for the First Time

Despite JPMorgan Chase CEO Jamie Dimon having called Bitcoin a “fraud,” the big bank is now taking cryptocurrency very seriously—acknowledging the blockchain-based technology as a veritable threat to its future. In JPMorgan Chase's annual report, released Tuesday afternoon, the bank counted ...

Square wants to build out app that accepts bitcoin, but spending plans stall stock

The Venmo rival has generated a lot of buzz of late for allowing users to buy and sell bitcoin BTCUSD, -0.58% , the cryptocurrency that Dimon has expressed mixed feelings about, and Square's chief executive wants more. “ Bitcoin , for us, is not stopping at buying and selling,” Jack Dorsey said on a ...

Bill Gates: I Don't Think Bitcoin's Anonymity is a Good Thing

Earlier today, Microsoft founder Bill Gates commented on bitcoin , initial coin offerings, and cryptocurrencies more generally during a Reddit AMA. In his comments, Gates stated that the use of cryptocurrencies for anonymous payments is not a good thing due to the difficulties it creates for law enforcement ...

Bitcoin is just the beginning, says one of the futures market's biggest players

Bitcoin futures made their debut more than two months ago. Amid a sea of critics, the market has avoided controversies and perhaps conferred a modicum of legitimacy on cryptocurrencies. Now, over the early hump, it's fair to say acceptance is growing: Volatility, while still elevated, has moderated ...

Bill Gates Says Cryptocurrencies Have Caused Deaths

Though the philanthropy under Bill Gates' name has partnered with cryptocurrency firm Ripple in a bid to help the unbanked, the world's second richest man said Tuesday that the main feature of Bitcoin and its ilk is not a “good thing.” In previous media interviews, Gates has been quoted saying that ...

Bitcoin Today: Prices Aim For $11000; Apple's Wozniak Gets Played

Wozniak said he sold the seven bitcoins to an online buyer who paid for them with a credit card. But before the funds -- which would now be worth more than $70,000 -- could hit his account, the transaction was canceled. Wozniak later found out the credit card used to buy the bitcoin was stolen, meaning ...

Supposed Bitcoin co-inventor sued for more than $10 billion in cryptocurrency

A recent lawsuit filed in a Florida court seeks more than $10 billion worth of Bitcoins from an individual who claims to be one of three Bitcoin inventors. The lawsuit doesn't go into Scooby-Doo mode to unravel the mysteries of Bitcoin's origin, but instead roots out what could be a scheme to hoard Bitcoins ...

Woz: A bad person stole my Bitcoins

Bitcoin transactions cannot be reversed. On the other hand, credit card companies can reverse fraudulent transactions. However, Woz explained: "It was from a stolen credit card number, so you can never get it back." Seven Bitcoins , at today's prices, would be worth almost $75,000. That's quite some ...

Steve Wozniak Says He Was Scammed Out of $70000 Worth of Bitcoin

But Wozniak has been a vocal proponent of Bitcoin despite not owning any. At the 2017 Money20/20 conference in Las Vegas, he described Bitcoin as more valuable and real than government-backed currency because of its fixed future supply. The tech guru even called the U.S. dollar “kind of phony.”.

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Wait…What Happened to Bitcoin Transaction Fees?

To many regular participants in the Bitcoin economy, there may have been a sense that in the final months of 2017 transaction fees were rising quite significantly. There was a noticeable increase in transaction traffic across the latter part of the year, with an initial spike of high fees in late November ...

All the Ways Regulators Plan to Tame Bitcoin

It took one of the wildest investment manias in history to jolt them into action, but governments around the world are finally starting to regulate cryptocurrencies. Their approaches have run the gamut, from a massive crackdown in China to an exchange-licensing regime in Japan and a largely hands-off ...

Bitcoin exchange Coinbase is handing over user information to the IRS

The move comes in response to an IRS order issued in November 2016 to send records of users who bought bitcoin BTC, -1.48% between 2013 and 2015 so the agency could determine who was evading cryptocurrency taxes. Coinbase initially resisted the order, but ultimately agreed to send the ...

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Bitcoin: putting cryptocurrency to the test while buying a car

Bitcoins can buy you a TAG Heuer watch, a cross-country flight or a meatball marinara sub. But really, how does it work? Purchases with bitcoin and other digital currencies remain rare relative to cash and credit cards. Many bitcoin holders value it more as an investment than a day-to-day currency.

Bitcoin and ether are both bubbles, says Goldman investment chief

The chief investment officer at Goldman Sachs's Private Wealth Management Group is the latest industry expert to weigh in on the cryptocurrency bubble debate. In an interview with Business Insider, Sharmin Mossavar-Rahmani said bitcoin BTCUSD, +2.56% shows all the characteristics of a bubble, ...

Man Who Claimed To Be Bitcoin's Creator May Be Asked To Prove It In $10 Billion Lawsuit

Craig Wright, who claimed to be the creator of Bitcoin and the man behind the Satoshi Nakamoto pseudonym in May 2016, is facing a $10 billion lawsuit in the state of Florida. The suit is being brought forth by the brother of Dave Kleiman, who Wright has said helped with the development of Bitcoin in the ...

Hawk or dove? Bitcoin is forcing central banks to take sides

They are, of course, looking at bitcoin as a potential investment. The public authorities have slightly different concerns. Market regulators are interested in protecting investors, and have begun to issue warnings. Although these warnings have been sotto voce so far, I expect they will rise in volume soon ...

Self-proclaimed bitcoin inventor accused of swindling $5 billion of cryptocurrency

Wright, who claimed in 2016 that he created the computer-based currency under the pseudonym Satoshi Nakamoto, schemed to use phony contracts and signatures to lay claim to bitcoins mined by colleague Dave Kleiman, another cryptocurrency adherent, who died in 2013, according to a lawsuit filed ...

Bitcoin Price Continues Steady Climb, Up 56% From Feb. Lows

Bitcoin's price continued its steady ascent in the last 24 hours. At 14:11 UTC today, it was trading for $10,791.98 per pop, up 4.64% from its price at the same time a day ago. That figure also represents an increase of 56% from its low of $6914.24 on Feb. 5. Among the top 10 most valuable ...

Bitcoin on the up as 'SegWit takeoff' causes cryptocurrency price rebound

The price of Bitcoin has surged this week after an upgrade to the software which powers the cryptocurrency network. Bitcoin Core has just rolled out Segregated Witness (SegWit), which makes transactions cheaper and quicker. The announcement appears to have caused the price of Bitcoin to shoot up, ...

Craig Wright: Bitcoin 'Creator' Satoshi Hit with $10bn Lawsuit over Alleged Crypto Theft

Craig Wright, the self-proclaimed creator of virtual currency bitcoin , is being sued for $10 billion by the estate of his deceased former business partner, Dave Kleiman. Court documents filed in a U.S. district court in Florida on February 14 revealed claims that Wright, an Australian citizen, “perpetrated a ...

Bitcoin 'creator' slapped with $10 billion lawsuit

Craig Wright, the Australian who has previously claimed to be Bitcoin creator Satoshi Nakamoto, is the subject of a multi billion dollar lawsuit. Wright is being sued by the estate of David Kleiman, who was thought to have co-created the cryptocurrency with the Australian. Kleiman passed away in 2013, ...

Bitcoin: Man who claimed to be cryptocurrency's inventor accused of stealing $5bn

A man claiming to be bitcoin inventor Satoshi Nakamoto, whose identity remains one of tech culture's great unknowns, has been accused of stealing $5bn (£3.59bn) of the cyptocurrency from his late business partner. Australian entrepreneur Craig Wright, 47, is accused of using bogus contracts and ...

Steve Wozniak: Bitcoin Scammer Stole My Cryptocurrency

co-founder and technology czar Steve Wozniak said his bitcoins were stolen through a cryptocurrency credit-card scam. Wozniak (a.k.a. "the Woz") made the surprising revelations at the Economic Times' Global Business Summit in India. (See also: Bitcoin Mining Market Hacked: $70M Stolen from ...

Self-proclaimed bitcoin creator sued for allegedly stealing $5 billion

Australian entrepreneur Craig Wright allegedly created contracts fraudulently to lay claim to bitcoins mined by former business partner Dave Kleiman.

Bitcoin developer warns Lightning Network is flawed and vulnerable to DoS attacks

Bitcoin maximalists have long counted on the Lightning Network and its off-chain transaction solution to fix the network's increasing scaling issues and exorbitant transfer costs – but it seems this dream might not be as close to reality as the blockchain community wishes. Bitcoin Core developer Peter ...

Bitcoin: Legendary Apple co-founder and computing expert Steve Wozniak says he was tricked by ...

The man who co-founded Apple with Steve Jobs says he was a victim of a bitcoin scam. Legendary figure Steve Wozniak had seven tokens of the digital currency stolen from him by fraudsters. Today, those would be worth more than $70,000. The fact that even somebody as well-respected throughout ...

A $10 billion lawsuit could finally unmask the creator of bitcoin

For most of the last decade, internet snoops, journalists and bitcoin enthusiasts have been trying to unmask Satoshi Nakamoto, the mysterious creator of bitcoin who holds almost 1 million of the digital coins — currently worth $10 billion. Now a bombshell lawsuit against the man who publicly claims to be ...

50 Cent Is Not a Bitcoin Millionaire, Bummer

The best music story of the year is a lie. In late January, TMZ reported that 50 Cent agreed to be paid in bitcoin for sales of his fifth studio LP, Animal Ambition. The outlet alleged that the album brought in 700 bitcoins in sale—which, if the rapper converted that to U.S. dollars today, would be worth about ...

Anatomy of a bitcoin transaction: Buying a used Subaru

Anatomy of a bitcoin transaction: Buying a used Subaru. February 27, 2018 Business. EAST GREENBUSH, N.Y. (AP) — Bitcoins can buy you a TAG Heuer watch, a cross-country flight or a meatball marinara sub. But really, how does it work? Purchases with bitcoin and other digital currencies remain ...

Bitcoin Price Leads $30 Billion Market Rally

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The cryptocurrency market cap gained $30 billion on Tuesday, bolstered by a comprehensive advance that saw more than 80 of the 100 largest coins and tokens rise against the value of the US dollar. The Bitcoin ...

Bitcoin recovery continues

The crypto carnage that started at the end of last year may have ended at start of February. In recent weeks, prices have stabilised across the board as fears over the clampdown on crypto exchanges abated. Bitcoin , the most popular crypto, has managed to recover from sub $6000 to trade above $10600 ...

bitcoin/bitcoin

Bitcoin Core 0.16.0 introduces full support for segwit in the wallet and user interfaces. A new -addresstype argument has been added, which supports legacy , p2sh-segwit (default), and bech32 addresses. It controls what kind of addresses are produced by getnewaddress , getaccountaddress , and ...

Rapper 50 Cent, Who Bragged About Owning Bitcoin, Now Denies It

First, he forgot about owning millions of dollars' worth of bitcoin . Then he bragged about it. Now, 50 Cent, who is filing for bankruptcy, says he never owned any of the digital currency after all. As NPR's Bill Chappell reported last month, the rapper, whose given name is Curtis Jackson, acknowledged in a ...

Litecoin vs Bitcoin

Litecoin will be worth more than Bitcoin according to founder of Litecoin Charlie Lee. Litecoin vs Bitcoin will result in Litecoin cashing in by year end. Market cap for Bitcoin cash is $19 billion and Litecoin is $11 billion.

The 1 Bitcoin Show with Adam Meister - Bprivate's future depends on Bittrex, Bring Alex Jones to ...

Lots of Bprivate thoughts! India wants all sorts of Bitcoin related paperwork from its people. The Poloniex purchase is a bullish sign for Bitcoin and could be a peak into the future of cryptocurrency company acquisitions. Bring Alex Jones to Steemit and help Crypto/ Bitcoin ! Adam's Twitter- ...

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Back in 2015, one of the largest cloud mining scams went by the name of Cointellect. The mining rigs are housed and maintained in a facility owned by mining company and the Bitcoin Mining. Cloud mining or cloud hashing enables users to purchase mining capacity that of hardware in data centres.

Bitcoin 'creator' Craig Wright is being sued for allegedly swindling $5 billion

Kleiman, who died in 2013, was a forensic computer analyst, author of multiple books on IT security, and supposedly involved in the invention of Bitcoin . In 2011, he established a company called W&K Info Defense Research LLC in Florida with Wright. The duo allegedly held 1.1 million Bitcoins between ...

Anatomy of a bitcoin transaction: Buying a used Subaru

In this Feb. 7, 2018, photo, a neon sign hanging in the window of Healthy Harvest Indoor Gardening in Hillsboro, Ore., shows that the business accepts bitcoin as payment. Purchases with bitcoin and other digital currencies remain rare relative to cash and credit cards. (AP Photo/Gillian Flaccus).

Tech Legend Steve Wozniak Scammed Out of $70K in Bitcoin

"The blockchain identifies who has bitcoins ... that doesn't mean there can't be fraud, though. I had seven bitcoins stolen from me through fraud," he reportedly told the audience at the Economic Times of India's Global Business Summit this week. "Somebody bought them from me online through a credit ...

Bitcoin Miner Faces Suit For $5 Billion In Bitcoin

The suit claims that Wright was in the business of mining bitcoin with Dave Kleiman, who is now deceased. After Kleiman's death, Wright allegedly backdated and forged documents to make it look like Kleiman had given up his shares. The venture had, in the end, mined between 550,000 and 1,100,000 ...

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Anatomy of a bitcoin transaction: Buying a used Subaru

EAST GREENBUSH, N.Y. (AP) — Bitcoins can buy you a TAG Heuer watch, a cross-country flight or a meatball marinara sub. But really, how does it work? Purchases with bitcoin and other digital currencies remain rare relative to cash and credit cards. Many bitcoin holders value it more as an investment ...

Square earnings: Bitcoin may generate buzz, but it's not what pays the bills

Nonetheless, there are still plenty of questions about Square's bitcoin efforts, and analysts will likely use Square's conference call to seek clarity on the matter. Tuesday's earnings report marks the first since Square announced bitcoin capabilities on the platform, and questions could include on whether ...

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Rapper 50 Cent Says He Isn't Actually a Bitcoin Millionaire

Rapper 50 Cent, legally known as Curtis Jackson III, says he isn't a bitcoin millionaire after all despite his implying that he was just over a month ago. At that time, TMZ published a report stating that Jackson had accepted roughly 700 bitcoin as part of his work on the 2014 album, Animal Ambition.

Self-Proclaimed Bitcoin Inventor Accused of Swindling $5 Billion of Cryptocurrency

Wright, who claimed in 2016 that he created the computer-based currency under the pseudonym Satoshi Nakamoto, allegedly schemed to use phony contracts and signatures to lay claim to bitcoins mined by colleague Dave Kleiman, another cryptocurrency adherent, who died in 2013, according to a ...

The Man Who Claimed to Invent Bitcoin Is Being Sued for $10 Billion

Bitcoin's origins are shrouded in mystery, but two people have lurked at the edges of its mythology for years: A paralyzed coder named Dave Kleiman who died in 2013 as a result of complications from an illness, and Australian Craig Wright, who claimed to be Bitcoin's anonymous creator in 2016.

Self-Proclaimed Inventor of Bitcoin Accused of Swindling $5 Billion in Cryptocurrency

Craig Wright, the self-proclaimed inventor of bitcoin , is accused of swindling more than $5 billion worth of the cryptocurrency and other assets from the estate of a computer-security expert. Wright, who claimed in 2016 that he created the computer-based currency under the pseudonym Satoshi ...

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50 Cent Was Just Kidding About Bitcoin Fortune: 'It's Favorable to My Image' to Pretend It's True

The world has 21 (or more) questions as to why 50 Cent would be less than truthful about earning millions in bitcoin after allowing his 2014 album, Animal Ambition, to accept the cryptocurrency as payment. In documents obtained by PEOPLE and first reported by The Blast, the rapper, né Curtis Jackson ...

Crypto Legend Who Bought Pizza With 10000 Bitcoin Is Back At It

It's one of the best-known cryptocurrency legends: The guy who bought two pizzas with 10,000 Bitcoin back in 2010 to prove the digital currency worked. Now he's at it again. This time, early Bitcoin developer Laszlo Hanyecz wanted to test the Lightning Network, a technology that runs parallel to a ...

50 Cent Tells Bankruptcy Court He Never Owned Bitcoin: Report

After claiming he earned a whopping $7 million through Bitcoin last January, it appears that 50 Cent never made a dime to begin with. New documents obtained by The Blast suggest that 50 never profited off Bitcoin and that he was being dishonest about his involvement because he enjoyed the good ...

Apple Co-Founder Steve Wozniak Reveals Scammer Stole 7 Bitcoins

“The blockchain identifies who has bitcoins … that doesn't mean there can't be fraud though. I had seven bitcoins stolen from me through fraud. Somebody bought them from me online through a credit card and they canceled the credit card payment. It was that easy! And it was from a stolen credit card ...

50 Cent backtracks, swears he's not a bitcoin millionaire and that he never owned bitcoin

Rapper Curtis Jackson III, also known as 50 Cent, is correcting himself about the bitcoin fortune he implied he forgot he had, and which would have been worth over $7 million. He's now saying he never had it at all. In January, Jackson shared to his social media accounts a TMZ report claiming the ...

Bitcoin Today: Prices Trend Higher Even as Goldman Labels Crypto a Business Risk

After dipping below the $10,000 mark over the weekend, bitcoin prices were firmly above the threshold on Monday, Feb. 26. According to Coinmarketcap, the digital currency was up about 7% for the day in afternoon trading, close to $10,200 for most of the session. A majority of the other top market cap ...

50 Cent No Longer Bragging About a Bitcoin Fortune Now That the US Government Is Interested

It's been a month since 50 Cent was part of the best feel-good story of the cryptocurrency boom. Following reports that the hip-hop star had earned about $7.8 million worth of bitcoin from sales of an otherwise forgotten album, he seemed to confirm the news on Instagram. But when pressed in bankruptcy ...

As Tax Season Approaches, Don't Forget About Bitcoin and Cryptocurrencies

The first place to start is that cryptocurrencies, like Bitcoin , Ethereum, and Litecoin, are not considered currencies for federal tax purposes. Back in 2014, the IRS released IRS Notice 2014-21, stating that digital currency might act like the coin and paper money of the United States but it currently does not ...

Self-proclaimed Satoshi Craig Wright is being sued for stealing his partner's bitcoin

Craig Wright, who once claimed to be long-sought Bitcoin founder Satoshi Nakamoto, has been sued for stealing $5 billion in bitcoin from a former business partner. Filed in the Florida District court earlier this month, the lawsuit alleges that Wright participated in a joint bitcoin -mining venture with the ...

IRS Wants to Tax Your Bitcoin Gains: Orders Coinbase to Hand Over User Data

If you made money from bitcoin's skyrocketing prices, you may have to share your profits with Uncle Sam soon. The IRS ordered top cryptocurrency exchange Coinbase to turn over data on 13,000 customers. Coinbase – the world's most popular bitcoin exchange – alerted users in a sobering note on its ...

Bitcoin Pizza Day 2: How and Why A Lightning Payment Just Made History

At least that's the case today, with the industry celebrating (with some nostalgia) the first Lightning Network transaction used in the purchase of the Italian food favorite, one made by none other than the man who made bitcoin's first major purchase - Laszlo Hanyecz. If that name doesn't immediately ring a ...

Bitcoin is creeping into the real estate market and the risks are real

Then in late 2015, the duo met a buyer who had a rather odd request — he was looking to purchase a home only through bitcoin and needed a seller who would play along. The buyer ended up having to convert bitcoin to cash to buy a property, but Cassis and Burke were intrigued. Bitcoin , at that point, ...

50 Cent Swears Under Oath He Doesn't Have Any Bitcoin

In the world of Bitcoin , tales of fortunes won and lost abound, but few have attracted the attention garnered by 50 Cent's Bitcoin saga. In January, the rapper took to social media to brag that he had “forgotten” about the approximately 700 bitcoins he had received in payment for his 2014 album, 'Animal ...

Million-dollar Plaza condo will accept Bitcoin buyers [PHOTOS]

According to CEO John Moffitt Jr., there is a trend in high-end residential real estate market to offer homes in Bitcoin as a way to increase the number of possible buyers. He said that being Bitcoin -compatible could give the home a national and international market. "It's simply to create a better market," he ...

Bitcoin Core Releases Software Upgrade With Full SegWit Support

The Bitcoin Core development team has released a much-anticipated software upgrade designed to help scale the cryptocurrency network. Version 0.16.0 of Bitcoin Core, the standard software client of the bitcoin network, adds full support for Segregated Witness (SegWit). Its release was presaged by a ...

50 Cent admits in bankruptcy document that he never actually owned any bitcoin

50 Cent admitted that he did not, in fact, make $8 million in bitcoin by accepting the cryptocurrency as a form of payment for his album Animal Ambition back in 2014. In a Friday court document obtained by The Blast, the rapper admits that he has never owned bitcoin , and only went along with the initial ...

50 Cent admits he didn't make $8M in Bitcoin

The “In Da Club” rapper admits that “recent media reports have falsely stated” his investments with Bitcoin , according to new documents — obtained by Page Six via The Blast — that were filed in Connecticut as part of his ongoing bankruptcy case. The truth is that 50 Cent “never owned, and does not ...

Europe threatens cryptocurrency clampdown as Bitcoin price soars above $10000

The European Union has threatened to regulate cryptocurrencies and clamp down on the trading of virtual coins. Over the last year, some crypto investors have made fortunes from the wildly fluctuating price of Bitcoin or other forms of digital dosh, while other have endured heavy losses. Death row ...

Crypto Legend Who Bought Pizza With 10000 Bitcoin Is Back At It

This time, early Bitcoin developer Laszlo Hanyecz wanted to test the Lightning Network, a technology that runs parallel to a blockchain like Bitcoin's network and aims to speed up transactions. He ended up paying 0.00649 Bitcoin for two pizzas, or $67, and the transaction cost about 6 U.S. cents.

50 Cent admits he 'has never owned, and does not now own' any bitcoin

Reports last month that rapper 50 Cent had forgotten about $7 million or so in bitcoin he owned have been given the lie by the man himself, who declares in court documents that he “has never owned, and does not now own, a bitcoin account or any bitcoin ,” nor did any of his companies. The court ...

Steve Wozniak says someone stole seven bitcoins from him

"I had seven bitcoins stolen from me through fraud," Apple co-founder Steve Wozniak said at the Times' Global Business Summit. "Somebody bought them from me online through a credit card and they cancelled the credit card payment. It was that easy. And it was from a stolen credit card number so you ...

Bitcoin miners turn Quebec's cheap energy into cold cash

Energy is cheap in certain regions of Asia but many nations there are becoming increasingly hostile to cryptocurrency. China, for instance, is concerned that a sudden Bitcoin collapse could cause economic chaos. More importantly, it wants to cut off cryptocurrency operations near coal-fired energy ...

Hacker Chic; Get a Bitcoin, Periodic Table or Fibonacci Sequence Fashion Dress

Crypto is going to change the world, and so are women. And women who dabble in bitcoin never want to look basic. As an answer, Shenova Fashion combined the two in a made-to-order Bitcoin Genesis Block Dress. It's one more piece of proof bitcoin and cryptocurrency are making it into the ...

50 Cent Changes Bitcoin Story ... I Swear I Don't Have Any, Judge!!!

The millions 50 Cent was bragging about having in Bitcoin have disappeared -- or, if ya believe his sworn testimony ... they never existed. The rapper filed a sworn declaration in bankruptcy court, saying ... "[I have] never owned and [do] not now own, a Bitcoin account or any Bitcoins ." The docs, obtained ...

50 Cent Says He's Never Owned a Bit O' Bitcoin, Crypto Fortune Was a Lie

50 Cent just joined the rest of the world obsessively scratching their heads over cryptocurrency, because his alleged Bitcoin fortune just dwindled from an unrealistic amount of millions of dollars, to a very realistic amount of ZERO, after he admitted that he has never once in his life owned a bitcoin .

Crypto Markets Climb Towards Green, Bitcoin Above $10000

Monday, Feb. 26: the crypto markets are climbing back up today, with all of the top ten coins listed on CoinMarketCap in the green. Total market cap is up to around $450 bln, neither a high or low of this week, which had seen numbers above $500 bln and close to $430 bln. Chart. Bitcoin (BTC) has ...

Bitcoin's "Pizza Guy" Repeats the Trick with Lightning Network

The lightning network is a second-layer bitcoin application that's in the very early stages of development and – if it lives up to the hype – adoption. It was proposed by Joseph Poon and Thaddeus Dryja in a 2015 whitepaper as a way to solve bitcoin's notorious scalability problem: the blockchain's ...

Be thankful for bitcoin, even if you think it's a scam

You should be thankful for bitcoin even if you didn't get rich, even if you think it's a scam, and even if the Winklevoss twins don't feature in your fantasies of financial utopia. You should be thankful for bitcoin even if it was invented by a comic-book supervillain, and even if the code he futzed with in his ...

Bitcoin WARNING: EU Commission says crypto is NOT currency ahead of imminent crackdown

Bitcoin and other cryptocurrencies have attracted a growing number of investors since their value began skyrocketing shortly before Christmas 2017. Mr Dombrovkis warned that speculation could pose risks to investors, suggesting the European Union stands ready to regulate cryptocurrencies in months ...

Bitcoin Millionaires Are Coming for Streetwear

19-year-old Erik Finman is about to be the subject of a new CNBC documentary chronicling the lives of Bitcoin millionaires. This, he tells me, is what viewers can expect to see: “I wake up and I'm just in my blanket made of hundred [dollar bills] and I get up and they fall off my face and I jump into my ...

Square Earnings Due Tuesday But Investors Watching Bitcoin Ties

"The trajectory of Square shares appears to have been a muted version of Bitcoin's wild ride during the past few weeks," Palmer said in a recent note to clients. "While that connection seems to have worked to Square's benefit during the latter portion of that ride given that Bitcoin has been rallying, ...

Bitcoin pops early morning but upside looks limited

Cryptocurrency prices scored a fillip higher early Monday as overall market sentiment begun the week on an uptrend. Notably, the price of the No. 1 digital currency, bitcoin BTCUSD, +7.84% jumped by as much as $900 Monday, trading to an intraday high of $10,323.50, before trading back to ...

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Bitcoin Price Rebounds Above $10000 as Other Cryptocurrencies Rise

Bitcoin prices rebounded from their lows over the weekend as trading volume in the cryptocurrency increased. At 14:21 UTC on Monday, the price of a single bitcoin was $10,266.14, up 7% from its price 24 hours ago. Bitcoin's prices had dropped to a low of $9304.68 over the weekend. Trading volumes ...

EU finance head: we will regulate bitcoin if risks are not tackled

The European Union has warned that it will regulate cryptocurrencies if the risks exposed by the meteoric rise of bitcoin and its ilk are not addressed. The boom and bust of cryptocurrencies has seen some investors make millions where others have suffered heavy losses. Bitcoin , which now trades ...

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Bitcoin: Meet the 11-year-old boy who wrote the book on cryptocurrencies

An 11-year-old boy has written a book about bitcoin in the hope of raising $20m (£14.3m) by the age of 14 so that he can drop out of school. Andrew K. Courey from Wellesley, Massachusetts, made the agreement with his parents that he could leave education if he achieved his goal and set about ...

Bitcoin jumps almost $600 in 40 minutes

A sudden jolt higher on Monday in the price of bitcoin caught cryptocurrencies traders off guard, highlighting the lack of liquidity in the market. Bitcoin soared from $9,638 to $10,225 in a 40-minute span that began just after midday in London, according to Reuters data tracking the Bitstamp trading venue.

Here Is Why Bitcoin Could Double, Or Triple By The End Of This Year

After dropping by 75% from recent highs Bitcoin nearly doubled, is now trading sideways, and has many market participants asking, what's next. Proposed regulation in South Korea looks to make Bitcoin a legal asset in the country, one of Bitcoin's largest and most controversial markets. Approval of ...

Bitcoin spikes $700 higher in sudden move

Bitcoin spikes in morning trading to near $10,200, marking a gain of more than $700, or about 7.5 percent, over the last 24 hours on Coinbase. Cross-border currency exchange company Circle did announce around the time of the spike that it is acquiring Poloniex, a leading cryptocurrency trading ...

Using Bitcoin For Taxes...Triggers More Taxes

Or soon, you could pay with $5,000 worth of say Bitcoin , Ripple, or Ethereum. As long as the crypto is worth $5,000 when you pay, you're home free, right? Not really. After all, you need to consider the sale you just made. The transfer of the crypto to the tax man is a sale, and that could mean more taxes ...

Bitcoin Core 0.16.0 With 'Full Support' For SegWit Gets Official Release

The Bitcoin Core client version which provides “full support” to Segregated Witness ('SegWit') scaling technology finally received its official release Monday, Feb. 26. A circular to the Core mailing list confirms the raft of upgrades in addition to the historic SegWit move, the forthcoming release having been ...

This Big Cryptocurrency Acquisition Could Create a Wall Street-Style Financial Giant

Circle, a cryptocurrency-focused financial-services firm, will announce today that it is buying crypto exchange Poloniex—a move that immediately makes Circle one of the largest and most influential companies in the industry. Fortune's Robert Hackett profiles a company that hopes to leverage the ...

Bitcoin bubble is finally popping

After ending 2017 with the market booming, Bitcoin crashed down January and is continuing to go down. Even with the price of Bitcoin and other cryptocurrencies going down, DePaul investors are not pulling out just yet. The year 2017 was a good one for the cryptocurrency market. Investors were ...

Why We Shouldn't Pay Much Attention To Regulation In China, At Least For Now

The rapid expansion in Bitcoin price and mainstream adoption through the latter part of last year was seemingly matched by an increase in scrutiny and reflection by government regulators in early 2018. It has turned into a battle for some, a lesson in learning for others, and a chance to embrace for the ...

Bitpay Bans Payments to Merchants of Explicit Content, Cloud-Mining and Gambling

Bitcoin was originally created to free people's money from the control and censorship of regulators, banks and governments. Companies in the ecosystem are supposed to be infused with this ethos, but as they strive to become more mainstream some, like Bitpay apparently, adopt the more prevailing ...

Bitcoin Is Giving Divorcing Couples Something New to Fight About

Divorces are messy, and cryptocurrencies are helping to make them a whole lot more so. Virtual currencies such as Bitcoin and Ethereum are a new challenge for U.K. lawyers, plagued with volatility and secrecy that is extending the already painful process of dividing a couple's assets. The rising ...

Parabolic Bitcoin Price Will Return…But After How Long? Analysts Decide

Bitcoin has come down from the “parabolic” narrative it began in Q4 2017, with Bitcoinist reporting on its characteristics during the all-time price highs in December. As uptake continues to spread this month, prices remain subdued, with veteran analyst Peter Brandt eyeing a protracted period of sideways ...

Bitcoin's Bitmain Rakes In $4B In Profits

Bitcoin investors may be losing money, but the companies that support this burgeoning market aren't. Bitmain, a Chinese company that makes bitcoin mining hardware and operates a mining farm, raked in between $3 billion and $4 billion in profits last year. CNBC, citing estimates from Bernstein ...

Bitcoin, move over. There's a new cryptocurrency in town: the petro.

Unlike other cryptocurrencies, such as bitcoin and ether, the petro is controlled by a government, although it is not clear which specific government entity is responsible for issuing the currency. The minister of science, technology and university education was by Maduro's side at the launch, suggesting ...

Bitcoin Eyes $10K, But Price Outlook Favors Bears

Bitcoin seems to have found acceptance below the psychological mark of $10,000 over the weekend, amid increasingly bearish long-term indicators. After closing below $10,000 on Feb. 22, bitcoin (BTC) hit an 11-day low of $9,304.68 yesterday, as per CoinDesk's Bitcoin Price Index (BPI). As of writing ...

Bitcoin and Litecoin price analysis: LTC capitalized the launch of Litepay

Each and every day the Crypto traders are more conscious that money doesn't come easy: position-taking needs to be looked really carefully to develop winning trading strategies. Litecoin is our first focus, as it is looking to capitalize on the Litepay project. On the other hand, Bitcoin is still in the scenario ...

3 Class Actions Take Aim at Riot Blockchain's Bitcoin Pivot

Amid Riot Blockchain's claims to have moved into bitcoin mining and acquiring blockchain startups, investors are accusing the firm of violating U.S. securities law by issuing misleading and false information. According to court filings, investors in the firm have submitted three class action complaints ...

Bitcoin: Cryptocurrency 'noobs' learning to enjoy wild ride of digital coin investing

One bitcoin was worth almost $20,000 in December, up around 1,900 percent from the start of 2017. As of Friday afternoon it was worth about $10,000 after having fallen as much as 70 per cent from its peak. Other coins made even bigger gains and experienced equally dizzying drops over that time ...

Bitcoin, LiteCoin, Ripple, Ethereum in cryptocurrency price bounce back following a disastrous ...

The price of Bitcoin is still malingering beneath the critical $10,000 mark this morning following a disastrous week of pain. But things are looking up because many of the major cryptocurrencies appear to be staging a comeback this morning. One Bitcoin is worth about $9,650 at the time of writing but ...

Bitcoin News Summary – Feb 26, 2018

Bitcoin's Price has fallen back to the psychologically-important $10,000 level. Transaction fees have remained remarkably low this week, with multiple reports of 1 satoshi per kilobyte transactions being confirmed within a few blocks. During this week Coinbase and Bitfinex will also be integrating SegWit ...

Bitcoin, Ripple, Litecoin - Latest Price Charts

The ongoing cryptocurrency sell-off has pushed Bitcoin to the bottom of a noted support zone with a break and close below this opening the way to the next level of support nearly $800 lower. Price action is still respecting the down channel from the December 17 high, while Sunday's close in the ...

Cryptocurrency strip club opens in Las Vegas where customers can pay 'secretly' via bitcoin

A cryptocurrency strip club has opened in Las Vegas where dancers are temporarily tattooed with QR codes so they can be paid in bitcoin . The Legends Room has been opened by martial arts trainer Nick Blomgren, who came up with the idea so customers can keep their visits to his club secret from ...

Bitcoin Startup Backer BnkToTheFuture Completes $33 Million ICO

No stranger to the blockchain industry, the U.K. company, which boasts more than 60,000 accredited investors, has made its name allowing customers to purchase traditional equity in cryptocurrency exchanges and other blockchain startups, including BitFinex, Kraken and BitPay. However, co-founder ...

Bitcoin price analysis: BTC/USD stays below $10000; Austria wants to apply gold regulations to ...

Bitcoin price recovered from Sunday's low reached at $9,305, but the upside momentum is too weak to get the coin above the psychological $10,000. BTC/USD is currently trading at $9,642 with the near-term resistance at $9.940 (100-SMA on hourly chart). Once it is broken, $10,000 and $10,266 (50% ...

Bitcoin: not black, not white (x)

While more and more people all around the world are being bitten by the bitcoin bug, tax authorities are subjecting transactions executed with the cryptocurrency to ever closer scrutiny. Meanwhile, it is increasingly obvious that the world of bitcoin is starting to give shape to a new form of tax haven ...

Bitcoin LIVE: BTC back to $9k while Uzbekistan plans support for 'electronic money'

News comes as the central asian country of Uzbekistan has devided to embrace bitcoin technology.In accordance with a presidential decree, a law regulating “electronic money” is being prepared. Bitcoin .com report that the Central Asian country is also planning to open a center for distributed ledger ...

Poll: Bitcoin More Popular With Czechs than the Euro

Czechs are more inclined to store value in cryptos than in euros, according to a new poll gauging attitudes toward currencies other than the koruna. When asked about their intentions to acquire foreign cash, twice as many respondents said they were interested in buying bitcoin than purchasing US ...

Bitcoin bubbles - Michael Briguglio

Bitcoin and blockchain: two new words that have entered the vocabulary of finance. Malta's government is aiming to be a bitcoin capital of the world, so it's about time that we inform ourselves on what this entails. In short, blockchain is a technology that makes cryptocurrencies possible, and bitcoin is a ...

Venezuela May Move to Limit New Crypto Exchange Launches

According to Daniel Arraez, the co-founder of BlinkTrade, the government may restrict the number of permitted exchanges to less than that figure. BlinkTrade, which offers open-source software for bitcoin exchanges, launched SurBitcoin in Venezuela in 2014 and is applying to operate under the new ...

How Steve Wozniack had his bitcoin stolen

" Bitcoin to me was a currency that was not manipulated by the governments. It is mathematical, it is pure, it can't be altered," he told a crowd at the Economic Times Global Business Summit. "I had them so that I could someday travel and not use credit cards, wallets or cash. I could do it all on Bitcoin .

Commission holds its fire against Bitcoin and Co.

The EU regulators said that Bitcoin and its counterparts were “highly risky and unregulated products and are unsuitable as investment, savings or retirement planning products”. A few days earlier, Agustin Carstens, the general manager of the Bank for International Settlements, compared bitcoin with “a ...

Bitcoin Bitterness Starts to Make Messy Divorces Even Worse

The rising popularity of Bitcoin -- and for a while at least, its rising value -- means more separations involve the currency, which is difficult to trace and hard to value. Although parties have a duty to provide full disclosure of their assets in a divorce, the anonymous nature of cryptocurrencies potentially ...

The Blockchain Beyond Bitcoin

While Blockchain design is at the heart of Bitcoin and most cryptocurrencies, the power and potential of Blockchain is set to revolutionise entire sectors.

Bitcoin could disrupt the financial industry in a way we've never seen

Bitcoin could be a revolutionary disruption of the global financial industry. Or it could be a fad that spawns great curiosity before fading into the ether of history. Right now, it's a hot topic that is very much on the minds of American business owners. MarketWatch reports that in the past month, ...

Bitcoin ATMs in Detroit party stores, gas stations

The 23 Bitcoin automated-teller machines in Detroit are installed in places like the Big V Party Store on the northwest side. Signs outside the Big V prominently advertise its goods and services: check-cashing, money orders, liquor, Lotto tickets — and since last year, an ATM dedicated to the so-called ...

Would you believe this? Steve Wozniak's bitcoins actually got stolen

Steve Wozniak has an inventive mind, so it comes as no surprise that he's a fan of Bitcoin . The Apple cofounder spoke at the ET GBS about what made him a fan of the cryptocurrency. “ Bitcoins to me was a currency that was not manipulated by the governments. It is mathematical, it is pure, it can't be ...

Litecoin (LTC): The Formidable Coin That Supplements Bitcoin

Litecoin (LTC) – With the intent of creating an outstanding SHA256 coin for broad usage, the erstwhile Google employee, Charles Lee launched a cryptocurrency as a complement to Bitcoin on October 7, 2011, on GitHub, known as Litecoin. According to the official website of Litecoin, “Litecoin is a ...

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Bitcoin Cash Price Technical Analysis – BCH/USD Struggling Below $1220

Bitcoin cash price remains in a bearish zone below the $1,200-20 resistance area against the US Dollar. There is a major bearish trend line forming with resistance at $1,220 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair must stay above the $1,100 support area to avoid further ...

Amelie Arras Prepares to Defend Bitcoin's Title at Money 20/20 Asia Race

It has been announced that the Marketing Director of Adastra Marketing, Amelie Arras, will look to defend bitcoin's crown in the upcoming Money20/20 Asia Payments Race. Mrs. Arras is hoping to repeat her performance from last year, where she defeated four other participants to claim victory for bitcoin ...

Developer Who Paid 10000 BTC for Pizza in 2010 Used Lighting Network to Repeat Transaction

Laszlo Hanyecz is infamous amongst developers for the first physical purchase of goods using bitcoin in 2010. He paid 10,000 Bitcoin for pizza on May 22nd, 2010 just over a year after the first block of bitcoin was mined. On February 25th, 2018 he repeated the transaction this time paying just a fraction ...

IRS Taps Bitcoin Traders' Exchange Data Pool

The IRS considers cryptocurrencies such as Bitcoin as property for federal tax purposes, meaning any profits or losses from the sale or exchange of the virtual coins should generally be reported as capital gains or losses. Trading of cryptocurrencies, digital tokens whose value is not backed by central ...

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The Bitcoin News Show #70 - State Sponsored Crypto, Bulletproofs, Low Fees. The Bitcoin News Show for the week of Feb 19th with your host @theonevortex and panelists: @francispouliot_ @WeathermanIam and special guest Jonathan Underwood, Chief Bitcoin Officer at BitBank exchange in Japan, ...

Bitcoin Price Technical Analysis for 02/26/2018 – Head and Shoulders Breakdown

Bitcoin price is trending lower after breaking below the neckline of its head and shoulders pattern. This is a classic reversal signal which indicates that price could fall by the same height as the formation, which spans around $9,500 to $11,500. Technical indicators are also showing that the short-term ...

Georgia Lawmakers Propose Tax Amendment That Allows Bitcoin Payments

Georgia Lawmakers Propose Tax Amendment That Allows Bitcoin Payments Two senators from the state of Georgia, Joshua McKoon and Michael Williams, have proposed a change to the Department of Revenue's statutes for tax collection and licenses. The bill was submitted on February 21, and the ...

Uzbekistan to Legalize Bitcoin and Support Developers

Uzbekistan has taken the road to bitcoin legalization. In accordance with a presidential decree, a law regulating “electronic money” should be prepared by the end of the summer. The Central Asian country is also planning to open a center for distributed ledger technologies. Mining expenses in ...

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Litecoin Founder Believe LTC worth more than Bitcoin Cash

Charlie Lee founder of litecoin believes that the litecoin worth more than bitcoin cash. He Even thinks that litecoin will beat bitcoin cash by the end of the year. The current market cap for bitcoin cash is $19Billion and that for litecoin is $11Billion. He tweeted saying that Ethereum will not gonna cross ...

Coinbase Compelled by IRS to Provide 13000 Customers' Information

There was also plenty of ambiguity in how the US government ultimately classified bitcoin in particular. Nary a day passed when a bureaucrat would fail to disparage the decentralized currency, denying its definition or value. That left more than a few bitcoiners with the feeling the IRS had bigger and ...

Venezuelan Government Opens School to Teach Citizens About Cryptocurrencies

The Venezuelan government has opened a school in the capital city to teach its citizens how to buy, sell, and mine cryptocurrencies, including courses on the nation's oil-backed currency, the petro. Meanwhile, President Nicolas Maduro has approved resources for universities across the country to ...

This 11-year-old just wrote a book on bitcoin that hopefully a kid can understand

Given the run-up in prices last year, when bitcoin surged almost 17-fold, Courey wasn't sold on the currency as an investment. But knowing that his son was looking for sources of "passive income," Jeff Courey, Andrew's dad, convinced him to write and sell a book that could put all his research to good ...

Liberland to Issue Its Own Cryptocurrency, Accepts Bitcoin, Bitcoin Cash And Ethereum

Liberland, a self-proclaimed country between Serbia and Croatia that has been struggling for its independence for three years, plans to launch its own cryptocurrency in a few months, and is accepting donations in bitcoin , Bitcoin Cash and Ethereum. Half a million people have applied for Liberland ...

Bitcoin Record Price To be Hit Mid 2018: Thomas Lee

According to Thomas Lee, it will take 85 days for the Bitcoin price to recover. As such, that would mean big things will happen in May and June. Reaching a new all-time high can take a while, though. July seems to be a fair target for a new record Bitcoin price. Whether or not surpassing $19,000 is ...

Why 2018 Will Be A Good Year For Bitcoin

2018 has been a rocky year so far for Bitcoin . Whilst it ended 2017 on a high, it did not have the best start to the new year. Yet experts have predicted that 2018 will ultimately be a great year for the popular cryptocurrency, and this is because of ICO's. Here are the three main contributors that have got ...

Crypto update: Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are sinking

The bitcoin (BTC) price is down by around 7% since the end of last week and has sunk below the symbolic US$10,000 mark again. At present bitcoin is fetching US$9,571 per coin, according to Coin Market Cap. This reduces the world's largest cryptocurrency's market capitalisation to approximately ...

Fighting Bitcoin Fraud on the Lightning Network in 2018

Bitcoin had two major problems plaguing it in 2017; transaction speed and transaction cost. The Lightning Network – or Lightning for short – has been getting significant publicity as many of Bitcoin users are excited for faster transactions at lower costs. Users and developers alike are looking forward ...

Bitcoin Mining Giant Bitmain Raked in $3 to 4 Billion in Profits Last Year

2017 was an extremely profitable year for Bitmain Technologies Ltd., a privately owned Bitcoin mining company headquartered in Beijing, China. In addition to operating several of the world's largest Bitcoin mining pools, Bitmain manufactures ASIC chips and the mining hardware that uses those chips.

Thai Bank Terminates Account of Local Cryptocurrency Exchange

Despite Bangkok Bank's action, Insom indicated that the “termination of TDAX's bank account with Bangkok Bank has not affected the trading of bitcoin and 10 other cryptocurrencies,” the publication conveyed. “Daily trading value remains normal, driven by demand from investors for digital currencies,” ...

Financial Expert Thomas Lee Predicts Record Bitcoin Price by July 2018

The current Bitcoin price is not looking all that great After failing to hold onto the $10,000 support level, many people wonder what comes next. It seems some analysts are not too concerned as of right now. In fact, Fundstrat Global Advisors partner Thomas Lee is convinced all markets will see new record ...

Some Major Canadian Banks Still Allow Cryptocurrency Credit Card Transactions

In the US, JP Morgan, Bank of America, and Citigroup have stopped allowing customers to use their credit cards to purchase bitcoin and other cryptocurrencies. Some Major Canadian Banks Still Allow Cryptocurrency Credit Card Transactions In the UK, Britain's largest banking group, Lloyds Banking ...

Nearly Half of 2017's Cryptocurrency 'ICO' Projects Have Already Died

Last year was without a doubt the Year of Bitcoin , as exploding interest in cryptocurrency fueled a massive market runup. As if that wasn't enough excitement, some speculators took the further leap to investing in cryptocurrency projects through a lightly regulated process called an “ICO,” or initial coin ...

Calgary reno company could be 1st in Canada to accept Bitcoin, Ethereum payments

The luxury renovations company will be accepting Bitcoin (BTC) and Ethereum (ETH) for customers that would rather pay with via blockchain than with the Canadian dollar. Bitcoin and Ethereum are cryptocurrencies, decentralized digital methods of payment, that instead of operating through a central ...

An Interview with a Crypto-ATM Manufacturer: Bringing Bitcoin ATMs to Every Corner

CCN interviews COO Benjamin Weiss of CoinFlip, a company that makes Bitcoin ATMs to buy and sell Bitcoin , Litecoin, and Ethereum. Weiss talks about the company, the ATMs, and the crypto market.

New Plant to Assemble Mining Rigs in Belarus

Make sure you do not miss any important Bitcoin -related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We've got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps.

How The US Government Handles Its Massive Stash Of Bitcoins

The tussle between the federal government and bitcoin has generated numerous headlines over the years. That fight is surprising, especially when you consider the U.S. government is one of the largest holders of bitcoins . The bitcoins are typically sold off in public auctions conducted by the U.S. ...

Why Bitcoin Cash (BCH) Is in Trouble

Bitcoin Cash (BCH) is in trouble. It's perhaps the most controversial cryptocurrency ever. Just stating the name online can spark heated debate and flame wars. But now BCH is in a technical crisis. BCH was thought of long before August 2017's hard fork of the Bitcoin (BTC) blockchain. Its origins are the ...

Bitcoin USD (BTC-USD) Bears in Favor

During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles. Three white candles occurred in the last three days. Although these candles were not ...

Nasdaq-Listed “Blockchain” Companies Hit With New Legal Troubles

Adding “Blockchain” to the name of their firms have proved to be very beneficial to the top management of publicly listed companies over the past year. However, this tactic also attracted negative attention from regulators, and now two Nasdaq firms are facing additional troubles. Also Read: Robinhood ...

What Happens To Your Bitcoins In A Divorce?

Nearly one fifth of 18-24 year olds considered Bitcoin to be an attractive investment opportunity in a recent UK survey. This means that divorce lawyers and the courts will have to be flexible and willing to adapt quickly on how to handle Bitcoin and other cryptocurrencies in a divorce settlement.

Cryptocurrency Market Struggles at $500 Billion, But Fundamentals are Strong

Major cryptocurrencies have struggled to sustain their upward momentum secured earlier this week, on February 23. Bitcoin has fallen below the $10000 mark again, while Ethereum's native cryptocurrency Ether has struggled to spike above $900.

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Man Who Bought Pizza With 10000 Bitcoin Buys it With Lightning

Bitcoin Pizza Day is an unofficial holiday among cryptocurrency enthusiasts. It marks the birthday of the moment on which Laszlo Hanyecz paid 10,000 BTC for two large pizzas. It seems Hanyecz is still keeping a close eye on Bitcoin as of right now. He recently used the Lightning Network to buy two ...

NEO vs. Bitcoin – Key Similarities & Differences

NEO and bitcoin are two cryptocurrencies which have risen to prominence since their inceptions. These coins possess some similarities, however, they also possess a number of important differences. Here is a closer look at the key similarities and differences between NEO and bitcoin .

Culprits Apprehended In Alleged Icelandic Bitcoin Miner Theft

Icelandic information technology service Advania has confirmed with their security footage that the police have apprehended the right two men for the three burglaries at data centers in Iceland last December and January, local news outlet Visir reported Feb. 21. Visir had earlier reported that there were ...

Your bitcoin may be lost for good if you die without a plan for it

If you don't make plans for your cryptocurrencies, social media accounts and online photos, they could be lost forever.

Chicago Trader Steals Over $2 Million Worth Bitcoin And Litecoin

A Chicago based trader stole over $2 billion in Bitcoin and Litecoin and is now serving 20 years in prison. If you are into cryptocurrency world, then it won't seem like a bad idea career path to work as a cryptocurrency trader in South Korea, and then move on to joining Consolidated Trading LLC as a ...

A top Coinbase exec explains the master plan to turn the $1.6 billion cryptocurrency exchange into ...

The cryptocurrency exchange hit $1 billion in annual revenue as this year's bitcoin mania sent the popular digital coin surging up to almost $20,000, before it came back down. With a reported 10 million customers served on the platform, Coinbase is far and away the most popular exchange in the US.

Original Pizza Day Purchaser Does It Again With Bitcoin Lightning Network

Laszlo Hanyecz, the man that completed the world's first documented Bitcoin (BTC) transaction for a physical item in 2010 -- 10,000 BTC for two pizzas -- has now bought two more pizzas using the Bitcoin Lightning Network. Hanyecz posted on the Lightning-dev mailing list today, Feb. 25, that he had to ...

New Bitcoin Embassy Opens in the United States

A mooted Bitcoin Embassy is the first of its kind, since an early attempt in New York City, for a bitcoin gathering place. It was American Institute for Economic Research (AIER) Editorial Director Jeffrey Tucker who had a revelation of sorts to establish a Bitcoin Embassy in the United States. The idea is to ...

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Bitcoin weekly price analysis: Mixed results

The technological innovation continues for bitcoin with the advancement of the Lightning Network on Mainnet. 870 nodes are now running 1483 payment channels on the bitcoin Mainnet. This will result in faster transactions, lower fees and gives bitcoin an advantage in the race to become a widely used ...

Northern Ireland Property Developer To Accept Bitcoin As Payment Option

Bitcoin payments for properties have already taken place in cities across the US, as well as in the United Arab Emirates and Indonesia. Blockchain technologies have seen a rising use in real estate as well, with the city of South Burlington, Vermont implementing a pilot Blockchain program in Jan.

Meet the strippers tattooed with BARCODES so sneaky punters can tip in Bitcoin without their ...

He told LasVegasNow: "We came up with an idea probably about a year and a half ago of how we could turn this Bitcoin into something. "So we were brainstorming. First, we were thinking about a fight company because I own a mixed martial arts gym." But after throwing out idea after idea, Blomgren ...

Bitcoin, Cryptocurrencies Lower as Bearish Momentum Continues

Investing.com - The price of digital bitcoin fell for a second straight day on Sunday and was close to its lowest levels in a week, while other major cryptocurrencies were also lower. Bitcoin was trading at $9,559 on the Bitfinex exchange by 05:11 AM ET (10:11 AM GMT), down around 2.6% for the day.

Elon Musk Has Only Meager Bitcoin Holdings, but Will He Regret It Later?

Elon Musk, CEO of Tesla and SpaceX, has revealed how many bitcoin he holds — and shockingly it is just 0.25 BTC, which equates to $2,500 USD. The tech billionaire can pocket $2,500 by just selling five of his overpriced flamethrowers, that cost $500/piece. Musk is always known for picking up ...

Bitcoin is an energy consuming monster

Currently, the power consumption of Bitcoin is estimated at 51.09 TWh. That's 51 million kWh. This represents 61% of Belgium's electricity consumption in 2016 and 0.23% of world consumption. Compared with current banking systems, a Bitcoin transaction consumes as much as 450,000 visa ...

Pizza for Lightning: Bitcoin Legend Laszlo Eats Again!

After the arrangements were made, Hanyecz created a Lightning channel and funded it with bitcoin . Once his friend had verified the funding, Hanyecz would be able pay the invoice and subsequently produce the agreed upon preimage, otherwise it was agreed the pizza would to be destroyed. It would ...

Bitcoin price in the green after Saturday's sell-off; Georgia could be the next US state to accept ...

BTC/USD the poster boy of the digital currencies trades mildly in the green after opening the day in negative territory post Saturday's 4% sell-off. Bitcoin price was up 0.3% at $9,715 on Sunday, supported by positive news from one of the U.S. states: Georgia could be next state in the U.S. to accept ...

Bitmain Made Around $4B in Operating Profit Last Year Selling Bitcoin Mining Rigs, Analysts ...

According to Bernstein analysts, Bitmain, the Chinese company manufacturing Bitcoin miners and running mining pools, is likely to have made around $4 billion in operating profit last year, based on conservative estimates. The report, published on Wednesday and cited by CNBC, compares Bitmain's ...

Coinbase Announced SegWit Support as Bitcoin Transactions Fees Drop Majorly

As per an official announcement, Coinbase has finally added support for SegWit, and will be rolling out SegWit compatible Bitcoin transfers for all users in the coming days. Even though Coinbase is one of the most popular cryptocurrency exchanges, particularly in North America, it received a lot of ...

Bitcoin.org Owner Asks the Community to Change Bitcoin's Central PoW Algorithm

Bitcoin .org Owner Asks the Community to Change Bitcoin's Central PoW Algorithm The owner of two well-known bitcoin websites has sparked controversy once again as he's written an open letter to the community asking for a Proof-of-Work (PoW) consensus change. Cobra says bitcoin is slowly ...

Point: Government oversight is needed for bitcoin

Ironically, bitcoin and other cryptocurrency are unlikely to gain mainstream status without the right mix of government regulation and oversight. Too much regulation, and cryptocurrency will succumb to compliance costs. Too little regulation, and the cryptocurrency market will fail to achieve the integrity it ...

Counterpoint: No new bitcoin regulations are needed

Bitcoin has risen to prominence in the past few years — and calls to regulate bitcoin have risen along with it. Three justifications are common: protecting consumers, preventing illegal transactions and transfers, and promoting macroeconomic stability. But those using or facilitating transactions with ...

Bitcoin Price Weekly Analysis – Can BTC/USD Hold $9000?

Bitcoin price declined this past week and moved below the $10,000 level against the US Dollar. There was a break below a major bullish trend line with support at $10,350 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair must stay above the $9,300 and $9,000 support ...

Bank of America Acknowledges the Threat Posed by Cryptocurrency

For all the inroads that bitcoin has made on the current financial system, it has yet to threaten their ascendancy. The CEOs of Paypal, Visa, and other legacy payment systems may have been monitoring the rise of cryptocurrencies, but they have not been losing sleep over them. Now, in a frank report to ...

Bulletproofs: The Latest Technique to Improve Bitcoin's Confidentiality

Amazing schemes and technological innovations are being tried and implemented to continuously enhance Bitcoin's scalability, fungibility, financial confidentiality, and privacy. The Confidential Transactions (CT) tool is one of these schemes proposed to improve security and privacy. Now, to enhance ...

Bitcoin Cash Price Weekly Analysis – BCH/USD to Decline Further

Bitcoin cash price started a fresh decline this past week and moved below $1,250 against the US Dollar. There is a major bearish trend line forming with resistance at $1,310 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair may continue to decline and it could even break the ...

50+ Bitcoins Total Jackpot at Bitcoin Casino US

Striking it rich online is more than possible at an establishment like BitcoinCasino.us. This bitcoin casino has many games that feature a progressive pot—meaning that they get bigger with each try. In fact, the casino-wide total is up to a massive 4923.313 mBTC. All you have to do to have a shot at this ...

Japanese Police Reveal 669 Money Laundering Cases Tied to Local Exchanges

Bitcoin .com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content ...

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Open Bitcoin ATM is open-source Bitcoin Automated teller machine for education and experimentation.

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Largest Irish Residential Property Developer Building Homes for Bitcoin

According to Raidió Teilifís Éireann — a semi-state company and the national public service broadcaster of the Republic of Ireland — the country's largest homebuilding company plans on accepting Bitcoin as a form of payment. Hagan Homes, based out of Ballyclare, will be the first home construction ...

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Is Bitcoin the Future of Banking?

In the second episode of GoBankingRates' "Follow the Money" series, cryptocurrencies are trying to solve problems, not start them.

This Week in Bitcoin with Adam Meister - 2-23-2018- Venezuelan Petro & national cryptocurrencies ...

What the heck is going on in Venezuela? That was the biggest cryptocurrency question of this well. Maximo is on the ground in Venezuela and he is going to tell us what he sees. BTC Joe and Kenn Bosak are also here to share their thoughts on everything that went down this week in Bitcoin ! Will Bittrex ...

In fresh Bitcoin bust, police arrest man who made crores

According to police, the accused, Kamal Vishnoi, set up a bitcoin trading platform and lured several thousand investors into buying bitcoins offered by him. Police said a former investor filed a complaint against Vishnoi, who was arrested Tuesday. The Economic Offences Wing (EOW) has registered a ...

Purse.io lets you nab steep discounts on Amazon if you pay with Bitcoin

Amazon can be a great place to find good deals on everything from books to smartphones, but a new cryptocurrency startup is hoping to provide even steeper savings. Purse.io allows users to purchase Amazon items at discounted prices — provided they pay in Bitcoin , that is. Purse.io allows users to ...

Elon Musk Reveals Personal Crypto Holdings

In November there was heavy speculation that he was in fact the mysterious Satoshi Nakamoto, creator of Bitcoin . Believers of the theory cited his mastery of C++ (coding language used by both SpaceX and Bitcoin ), his passion for solving global problems, and his silence on the issue as evidence.

Meet author Andrew Courey: Wellesley's Bitcoin Boy

Wellesley 6th grader Andrew Courey has a slew of interests, including basketball, soccer and lacrosse. But he's also fascinated by technology and money, and over the year-end holiday break he devoted almost 6 hours a day to finishing his first book, a primer on the cryptocurrency known as Bitcoin .

Banks are more secure than bitcoin, BofA CEO Brian Moynihan says

CNBC's Wilfred Frost speaks with Bank of America CEO Brian Moynihan about regulations on bitcoin and digital currencies.

Bitcoin Security News

Owners are anonymous; instead of using names, tax IDs, or social security numbers, bitcoin connects buyers and sellers through 31 Mar 2015 Bitcoin pundit and security expert, Andreas Antonopoulos, along with lawyer, Pamela Morgan, and seasoned Silicon Valley entrepreneur, Richard Kagan, have ...

Top 5 Best Ways to Build a Bitcoin Machine

Bitcoin and cryptocurrency mining is exploding in popularity. There are many different kinds of cryptocurrencies one can mine. Most people have heard of Bitcoin and therefore assume it must be the best to mine. However, because Bitcoin is so popular and so established, it is actually not possible to ...

Bitcoin (BTC) plunges below US$10000 again

The Bitcoin (BTC) price has fallen below US$10,000 again after being above the psychologically-important price for most of the past 10 days. In the last 24 hours the Bitcoin (BTC) price has dropped by 5.10% to US$9,615. This drop came about with almost US$6.8 billion Bitcoin (BTC) changing hands ...

Bitcoin Exchange Accidentally Allowed Customers To Buy Coins For $0

AmiMoJo writes: "A system glitch at cryptocurrency exchange site Zaif enabled users to obtain digital money for free, with one apparently "purchasing" Bitcoin valued at $20000000000000 and then attempting to cash in on it..." according to the Japanese newspaper Asahi Shimbun. "The glitch, which ...

Forget Bitcoin; invest in the island of Malaita's shell money instead

Bitcoin and other so-called cryptocurrencies have been all over the news lately. Apparently, the idea of money that's not tied to a specific bank — or a specific country — is appealing to many. But it's worth remembering that the banking system that we now all live with is just that: A modern invention.

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Bitcoin and Cryptocurrency enters into school and university curriculums

Bitcoin enters into school and university curriculums: The education sector is not left untouched by the hype revolving around Bitcoin and cryptocurrencies. Increasingly, more and more colleges, as well as universities, are including courses which involve blockchain technology as well as knowledge ...

Former Top JPMorgan Trader Says Banks 'Have Absolutely Failed' With Cryptocurrency

European Central Bank executive board member Yves Mersch said bitcoin is “not money” and like “Mr. Ponzi's schemes” at the Official Monetary and Financial Institutions Forum in London. The general manager for the Bank of Settlements, Augustin Carstens, said Bitcoin is a “combination of a bubble, ...

Lights, Camera, Crypto: Advertising Campaigns For New Money

The meteoric rise of Bitcoin's value in 2017 was enough to bring it into mainstream consciousness - but people are clamoring to get on the Blockchain and cryptocurrency train. That has culminated in a number of weird and wonderful advertising campaigns, featuring some interesting celebrities and big ...

Bitcoin Dev Wants to Change Bitcoin's Proof-of-Work Algorithm

Former Blockstream CTO Greg Maxwell has previously called Cøbra the “non-existing” Bitcoin developer, whatever that spooky estimation means. What is clear, though, is that whoever Cøbra is, they're opinionated and certainly don't mind stirring the pot in the cryptocurrency space in order to defend ...

South Korean Regulators Inch Closer to Legalizing Bitcoin

The cryptocurrency situation in South Korea is constantly evolving. For the longest time, people have awaited official regulatory guidelines. They are slowly coming to fruition, which would label virtual currencies as “liquid assets”. It's an interesting development that will bring some positive momentum to ...

Bitcoin Price Dips Below $10000 as Next Bearish Wave Materializes

It has become painfully evident this weekend will not be a good one for the cryptocurrency markets. If the retracing Bitcoin price is any indication, the next 48 hours may very well turn into a major bloodbath. With the Bitcoin price firmly below $10,000 once again, the market volatility only intensified as ...

Overstock CEO Puts 'Millions Of Dollars' Into Unknown Coin, Compares To Bitcoin

Patrick Byrne, the CEO of Overstock, which was the first major retailer to accept Bitcoin (BTC) back in 2014, has said that he is “not really interested in cryptocurrencies per se,” but revealed a little-known Blockchain project his company has invested “millions of dollars” into in an interview with Business ...

Bitcoin Regulation: 5 Facts the SEC Wants You to Know

Bitcoin has taken the investing universe by storm, making early adopters rich and capturing the imagination of millions of people worldwide. As the number of people interested in bitcoin and other cryptocurrencies has risen, the potential for abuse has gone up with it. That has gotten the interest of the ...

Why Ethereum weathered the cryptocurrency downturn better than Bitcoin

If 2017 was a dream for cryptocurrency enthusiasts, 2018 has been a swift return to reality. The value of Bitcoin , which increased over 1,000 percent last year, has decreased by close to 30 percent so far this year, and many other coins have followed suit. The crypto market has begun a modest recovery, ...

Is Proof-of-Work a Major Problem for Bitcoin's Future?

Bitcoin is a very energy-inefficient project as of right now. The proof-of-work aspect has been discussed many times over. It seems community members are now advocating to change this algorithm altogether. With mining centralization becoming a real problem, such a change is not necessarily a bad ...

Bitcoin, Ethereum, Ripple Price: What's Happening To Cryptocurrency?

If there's one thing that's certain, it's that cryptocurrency has forever changed the perception of what it means to invest. While financial investment was previously rather inaccessible with a select few able to take their chances on the market, currencies like Bitcoin have managed to make the process much ...

China Mining Co. Bitmain Shows Higher 2017 Profits Than US GPU Giant Nvidia, Report Finds

Bitmain, founded in 2013 by Jihan Wu and Micree Zhan, uses Application-Specific Integrated Circuit (ASIC) cards to mine Bitcoin (BTC), sells ASIC-powered AntMiner BTC mining rigs, and also operates “mining pools”, a system in which cryptocurrency miners share resources and split rewards.

This cryptocurrency wants to get things right the first time, and it just might

Cardano claims it will solve most of the issues that plague well-established cryptocurrencies such as Bitcoin and Ethereum. Bitcoin isn't flexible enough, and transactions on its network are currently slow and expensive due to protocol limitations and overwhelming demand. Ethereum is far more flexible, ...

Senior MHP figure proposes Turkish version of "Bitcoin"

“The world is advancing toward a new digital system. Turkey should create its own digital system and currency before it's too late.” he said. Turkey's Finance Ministry and Capital Markets Board is reportedly working on regulations and rules for digital currencies in order to tax them. In November last year, ...

Bond King: Next Stock Market Tumble Could Follow a Bitcoin Price Slide

Gundlach didn't mince words when he spoke about Bitcoin , and how the crypto has grown to be somewhat of a measuring stick when it comes to volatility in the equity markets. His comments reflected the sentiment of many who think that Bitcoin is having an effect on the overall financial industry, ...

Bitcoin Center NYC seeks PR / Communications interns

Bitcoin Center NYC seeks bright and self-motivated public relations and communications interns to start immediately. The Bitcoin Center, founded in 2013, was the world's first physical cryptocurrency.

Gifting Bitcoin Is One Way a Person Can Avoid Paying Crypto-Taxes

Although, giving bitcoin as a gift is one way investors can avoid paying taxes on their cryptocurrency gains. Gifting money has to be more aligned with donating the funds as opposed to an employee bonus, and there is a fine line between the two financial events. According to Robert Wood, a tax lawyer ...

Bitcoin's blockchain and the challenges of Brexit: 'The opportunities are limitless'

It is the brainchild of the mysterious Satoshi Nakamoto, and the real bread and butter of how bitcoin transactions work. By allowing digital information to be distributed but not copied, blockchain technology is often credited with creating the backbone of a new type of internet. Benjamin Dives, CEO of ...

Cryptocurrency This Week: The $20 Tn Bitcoin Blunder In Japan; SBI's Shilly-Shally Moments And ...

While Satoshi Nakamoto made the world transition to a whole new P2P electronic payment system with Bitcoin , the Dogecoin, which was started as a joke has gone on to add $2 Bn market cap, thereby adding another layer to the “inception”. Sufficing to the Solaris effect, the world of cryptocurrency is ...

JP Morgan trader turned crypto fund manager says banks are PAYING for failure to modernise

They have absolutely failed to innovate in any way, shape, or form and now they're paying the price." Irregardless of a shaky start to this year of the price of bitcoin he still sees 2017 as a huge victory for cryptocurrencies and said “you needed to be a true believer and you needed to suck it up for 2014, ...

Op-Ed: Bitcoin not much used as a payment alternative to cash

When it was created bitcoin was expected to be used as a medium of exchange just like fiat money. The first purchase was of two Papa John's pizzas in Florida for 10,000 bitcoins a rather high price given that one bitcoin is now worth over $10,000.

Bitcoin Exchange Coinbase Launches SegWit Compatability

Coinbase have announced that the site will now be implementing SegWit on Bitcoin deposits and withdrawals. The transition is being implemented over the coming week, and should improve transaction speeds and lower fees. SegWit was introduced August of last year through BIP 141 ( Bitcoin ...

ECB Member Detained in Anti-Corruption Probe

A member of the European Central Bank's (ECB) governing board has been detained in an anti-corruption probe.

Iceland Gets Its First Bitcoin ATM

Iceland's first bitcoin ATM has been installed at the Hlemmur Square hotel, RÚV reports. It is thought, moreover, to be one of the first bitcoin ATMs in Europe. Hlemmur Square's Bitcoin ATM only accepts deposits currently, but it's hoped that customers will be able to withdraw money from it in the future.

Bitcoin investors remain confident as price RISES despite new year's plummet

Scott Weiss, a 48-year-old lawyer who bought bitcoin at its peak of $19,000 in December last year, claims he is unfazed by the recent turbulence the cryptocurrency faced in the last two months. He said: “I feel the exact same about my crypto investments at a $20k price as I did about it at a $6,500 price.

Will Lightning Help or Hurt Bitcoin Privacy?

" Bitcoin is Twitter for your bank account. Everything is public to everyone," Ian Miers, the co-founder of the privacy-centric cryptocurrency zcash, told CoinDesk. Compounding matters, however, is that as bitcoin users get closer to gaining a whole new way to send transactions, powered by an innovation ...

Bitcoin Is Finding Its Way into High Schools

Students all over the world are interested in cryptocurrencies and the subject is being taught throughout many college campuses. However, the trend is starting to find its way into high school classrooms as younger scholars are fascinated by this technology. Just recently news. Bitcoin .com reported on a ...

Bitmain Made a Profit of up to $4 Billion Last Year

The wealth of bitcoin mining titan Bitmain has long been assumed to be north of “huge”. Thanks to its near-monopolization of the ASIC manufacturing business, Bitmain has effectively had a license to print money. This week, Bernstein analysts released a report into Bitmain's operations. It estimates the ...

Strip Clubs, Lambos and Hackers: A Tale of Two Bitcoins

When one imagines a networking event for a professional conference, the most well-known and over-the-top strip club in Miami probably isn't the venue that comes to mind. Yet that's exactly where The North American Bitcoin Conference decided to host it. "Join us at E11even for some networking and ...

Austria Wants to Regulate Bitcoin like Gold and Derivatives

“The Board of the Austrian Financial Market Authority (FMA), Helmut Ettl and Klaus Kumpfmüller, welcome the move by Finance Minister Hartwig Löger to subject cryptocurrencies such as Bitcoin to regulation and supervision.” Worriedly, the Board of Management stressed, “Since digital currencies are ...

Anonymous Bitcoin dealer gives sizable donations to two Chattanooga nonprofit organizations

Green Steps director Alyssa Grizenko, left, and her husband Chris Sullivan install a Green Steps waste box at the corner of Martin Luther King Boulevard and Houston Street on Wednesday, Feb. 21, 2018, in Chattanooga, Tenn. Green Steps is one of several area nonprofits that have received donations ...

Bitcoin's wild trip fails to shake cryptocurrency believers

Scott Weiss bought bitcoin when it peaked at over $19,000 in December. Just days later the cryptocurrency began a lurch lower that left it languishing below $6,000 at the start of this month and many declaring the bubble had burst. The 48-year-old lawyer from Arizona insists he is unfazed. “I feel the ...

Even Elon Musk doesn't buy into the Bitcoin hype

Although Bitcoin has captured the hearts and minds of amateur gamblers and Ponzi schemers, it's still an orphan child among most financial managers. Warren Buffett thinks the crypto-currency “will come to a bad ending,” while his long-time adviser Charlie Munger described it as “noxious poison.”.

What Will It Take For Bitcoin To Replace The Dollar In Everyday Transactions

Of all the problems that keep Bitcoin and other cryptocurrencies from replacing the dollar in everyday transactions, one stands out: volatility—value fluctuation in relation to the dollar. That's according to a recent survey conducted by Survata, an independent research firm in San Francisco, which found ...

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Bitcoin is a new and growing Noelle Neff is a professional photographer, writer, and digital nomad. Abigail Scarlett, a photographer from London, has been making headlines for a recent Download Bitcoin images and photos. Image of electronic, data, facilities - 110204072 Bitcoin , Ethereum, and Ripple ...

A New Georgia Bill Could Allow Residents to Pay Taxes with Bitcoin

Georgia has become the latest US state to consider allowing its residents to pay their taxes using Bitcoin and other cryptocurrencies.

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Wenatchee bans at-home Bitcoin mining for one year

City Council will discuss the issue again March 22 at a public hearing. During the ban, city staff and Chelan County PUD officials are expected to work to determine the best way to regulate cryptocurrency mining in residential areas. Mining cryptocurrency, like Bitcoin , requires massive computing power.

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Announcing SegWit support on Coinbase

We're excited to announce support for Bitcoin Segregated Witness (SegWit) transactions on Coinbase. Over the next week, we will be gradually enabling SegWit compatible Bitcoin sends and receives for…

Bitcoin Giant Bitmain Rivals GPU-Maker Nvidia in Profits, Analysts Say

It's taken China-based bitcoin miner Bitmain four years to achieve performance that its larger tech peer took more than two decades to accomplish, according to analyst firm Bernstein.

Bitcoin Price Analysis: Bitcoin Faces Pivotal Support as Bulls Exhaust Buying Pressure

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not ...

Secretive Chinese bitcoin mining company may have made as much money as Nvidia last year

Bitmain likely took in the same operating profits as chipmaker Nvidia did last year, Bernstein analysts estimate.

Tesla Billionaire Elon Musk Reveals How Much Bitcoin He Owns

Billionaire Elon Musk is a huge fan of cutting-edge technology and is usually ahead of the curve when it comes to finance, but he's not a bitcoin bull. The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token. "I literally own zero cryptocurrency, apart from .25 ...

Funny And Creative Bitcoin Bills

Tout le monde parle du Bitcoin , et les success stories éphémères liées à cette crypto monnaie créée en 2009 commencent à apparaître. Mais le problème.

Bitcoin Debate: Warren Buffett Bear Vs. Winklevoss Twins Bull

There are two distinct views on Bitcoin and cryptocurrencies. One view is that they will flame out and most, if not all, will become worthless . The other side is that at least some are destined to become much more valuable and become engrained in not just the world's financial markets but potentially ...

One of Bitcoin's Biggest Problems Is Getting Better

Before bitcoin (BTC-USD) can become a widely used currency, there are several challenges it needs to overcome. Just to name a couple, its volatility needs to calm down significantly, and merchants need an easy and convenient way to accept bitcoin payments. Another problem facing bitcoin is its cost.

Here's How Much Bitcoin Elon Musk Owns

Tesla CEO Elon Musk isn't exactly active in cryptocurrency. Musk revealed this week on Twitter how much Bitcoin he owns—and it's not much. Musk shed light on his bitcoin ownership in response to a question from a Twitter follower asking why there were so many bots impersonating him to push ...

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Bitcoin Today: How Long Can Prices Stay Above $10000?

Most exchanges listed bitcoin hovering close to $10,200 on Friday afternoon, up about 2% for the day. Nearly all of the top 100 cryptocurrencies by market cap joined bitcoin and traded in the green Friday. As Wall Street heads out for the weekend, these are the bitcoin stories you need to know Friday.

Moscow Man Mutilated And Mugged For $1 Million In Bitcoin, Local Sources Report

A cryptocurrency investor fell victim to unidentified assailants in Moscow who reportedly disfigured him and stole over $1 mln worth of Bitcoin , today, Feb. 23, according to local crypto journal Forklog. According to Forklog, the victim, who has not been named, was in the southern district of the Russian ...

Bitcoin and blockchain consume an exorbitant amount of energy. These engineers are trying to ...

Innovators from top institutions such as M.I.T. and Cornell University and tech titans such as IBM and Intel are in a race to develop green blockchain innovations to address demand by businesses. In order to unleash the power of blockchain – the technology behind bitcoin – for a wide range of business ...

'Now Accepting Bitcoin': A Retailer's Guide To Digital Currencies

Digital currencies, such as bitcoin , have dominated headlines recently in almost every sector thanks to the blockchain's disruptive implications, particularly for industries that can benefit from decentralized processes and improved security. The Forbes 50 Fintech 2018 list released last week highlights a ...

Is Bitcoin Significant For Stock Market Sentiment?

We will start this week's post with Bitcoin . There has been some chatter in media that the recent plunge in Bitcoin influenced or helped set off the sharp drop in the equity indices, and the recent rally in cryptocurrencies has helped to stabilize equities. There certainly are some similarities in the recent ...

Overstock CEO and bitcoin pioneer explains his long-standing crypto play and his philosophy on life

Overstock CEO Patrick Byrne sat down with Business Insider's Sara Silverstein to discuss his longstanding belief in cryptos, a revolutionary cryptocurrency called Ravencoin, and his philosophy on life. Following is a transcript of the video. Sara Silverstein: So Overstock.com has been accepting bitcoin for ...

Bond King: Follow Bitcoin for Stock Direction

Everyone knows a compass isn't useful for determining stock market direction. But bitcoin seems to be, according to Jeffrey Gundlach, founder of DoubleLine Capital. “Strangely, bitcoin seems to be the poster child for social mood and market mood,” he tells CNBC's “Halftime Report” on Friday. Gundlach ...

Montana Scores $250 Million Bitcoin Mining Campus

Therefore, a good portion of the power can be put to use before our peer-to-peer, spot market Power Block Exchange platform goes live in the 2nd quarter of 2018. 500MWe is roughly enough power to supply the global Ethereum network or about one fifth of the global Bitcoin network,” Mr. Tilton insisted.

Elon Musk Just Revealed the Surprising Amount of Bitcoin He Owns

Entrepreneur and engineer Elon Musk — man whose name is synonymous with boundary-pushing companies like Tesla and SpaceX — just revealed how much Bitcoin he owns. And it's not a lot. “I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago,” Musk said in ...

4 Reasons Why Bitcoin Transaction Fees Are at an All-Time Low