Bitcoin Traders

High transactions fees may have been the reason why some online merchants stopped accepting Bitcoin as a payment method. However, Bitcoin transaction costs have drastically fallen in the last couple of months. The average Bitcoin transaction currently costs $1.07, which when compared to other ...

5 Altcoins with Major Events the week of April 1, 2018 (Gains Likely to Beat Bitcoin Returns!)

This past week has seen Bitcoin and many altcoins fluctuate dramatically. These significant fluctuations can be profited off of by trading or increasing one's position in the underlying crypto. The upcoming week has major events for five cryptocurrencies: PRL, UKG, EOS, PKB, and BRD.

Russians Owe 13% Tax on Their Crypto Incomes

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.

Withdrawal Issues at Bitcoin Exchange Cryptopia Is Panicking Customers

It seems that New Zealand-based cryptocurrency exchange, Cryptopia, one of the smallest cryptocurrency exchanges in the industry, is having issues and customers have been complaining for quite some time now. The cryptocurrency industry is still a “Wild West” and a place where thieves and ...

Bitcoin taxation: a global challenge for tax authorities

While some see it as a way to make a fortune, others dismiss bitcoin and cryptocurrencies (or altcoins, as they're also known) as the latest in a line of market bubbles that date back to the infamous Dutch tulip market crash of the 1600s. In recent months, the price of bitcoin – the best known of more than ...

The Time to Stop Worrying About the Bitcoin Price is Right Now

Being involved in Bitcoin means ignoring short-term changes and discrepancies. Anyone who has followed this cryptocurrency for multiple years knows that unwritten rule all too well. The Bitcoin price is always subject to interpretation and speculation. Even so, the overall trend is still extremely bullish.

Author, digital currency creator talks the future of Bitcoin

Money expert and computer scientist Sean Worthington joins the Matt Bubala Show to discuss bitcoin and the future of digital currency. He is the author of Beyond Bitcoin : The Future of Digital Currency , where he discusses monetary systems. Worthington explains how past transactions cannot be ...

Kazakhstan Preparing to Prohibit Crypto Trading and Mining, Says Central Bank

The chairman of the central bank of Kazakhstan said that the bank has prepared legislation to prohibit the sale and purchase of cryptocurrencies in the country as well as any kind of crypto mining, citing several risks he sees. Also read: Japan's DMM Bitcoin Exchange Opens for Business With 7 ...

Wendy McElroy: How Centralized Exchanges Intend to Devastate You

Bitcoin was forged to avoid centralized third parties, such as banks and centralized exchanges, that require users to trust them with wealth and privacy. Peer-to-peer transfers based on cryptographic proof were supposed to replace the need for a middleman who demanded trust. They were designed to ...

Top Bitcoin, Blockchain, And Cryptocurrency News Of March 2018

PARIS, FRANCE - FEBRUARY 16: In this photo illustration, a visual representation of digital cryptocurrencies, Bitcoin , Ripple, Ethernum, Dash, Monero and Litecoin is displayed on February 16, 2018 in Paris, France. Digital cryptocurrencies have seen unprecedented growth in 2017, despite remaining ...

Bitcoin Price Watch: Bitcoin Endures a Small Rise

For the most part, however, cryptocurrencies remain in the red, with major bitcoin competitors like ether trading at just under $400 and litecoin sitting at about $116. Other currencies, like Ripple's XRP and bitcoin cash, are down approximately 20 to 30 percent from last week's figures. Overall, the market ...

Huobi officially launches with 100 cryptocurrencies including Bitcoin [BTC], Ripple [XRP], LTC ...

The cryptocurrencies that are supported by Huobi for the South Korean market includes coins such as Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], Ripple [XRP], Tron [TRX], Gas [GAS], Qtum [QTUM], NEO [NEO], NEM [XEM], Bitcoin Cash [BCH], Lisk [LSK], EOS [EOS], VeChain [VEN], Ethereum Classic ...

Bitcoin price recovers slightly after dropping below $7000

Bitcoin hit a 50 day low yesterday at $6,630 US . Part of the sell off may be related to its being the tax season according to Barry Slibert founder of the Digital Currency Group. It has affected not just bitcoin's price but that of many cryptocurrencies ...

LBX jumps on the iOS bandwagon – Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], Ripple [XRP ...

London Block Exchange [LBX] is touted to be UK's only cryptocurrency exchange app for IOS. This news has come in addition to LBX announcing that it has added Ripple [XRP] to the coins it offers to its customers. Ripple is now the fourth cryptocurrency offered by the new Block Exchange, LBX.

Markets Update: Cryptocurrencies Lose Over 20 Percent This Week

Ripple (XRP) lost 20 percent this week and XRP prices are $0.52 cents right now. Moving on to the fourth highest market valuation, bitcoin cash (BCH) is down 28 percent over the past seven days. BCH market values are around $727 per coin this evening. Lastly, litecoin (LTC) markets are still resting in ...

Australia's Biggest Bank: No to Bitcoin, Yes to Mafia Money Laundering

As Bitcoinist reported, even as Rabobank barred Bitcoin for being “too risky,” its Californian arm was being taken to court and fined $369 million for being complicit in Mexican drug money laundering. What's more, Rabobank later announced plans to open up its own custodial cryptocurrency wallet called ...

Bitcoin Records 7% Increase as Cryptocurrency Market Rebounds From Yesterday's Losses

After dipping below $6,500, the price of bitcoin has increased 7 percent to $7,100, as the rest of the cryptocurrency market recovered over the past 24 hours. Since March 30, the valuation of the cryptocurrency market rose from $250 billion to $268 billion, by around 8 percent.

Bitcoin Futures the Beginning of a New Derivatives Class: Wedbush Securities Director

Less than three months have passed since the first Bitcoin futures contracts exchanges hands on a regulated US exchange, but one industry veteran says that his clients are already clamoring for more cryptocurrency derivatives.

Bitcoin price

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Bitcoin is Making Currency Manipulation Difficult for Central Banks

Bitcoin was largely created as a means of undermining the control of governments and traditional financial institutions. Now, the dominant cryptocurrency by market capitalization is making it difficult for governments and central banks to manipulate their own fiat currencies.

Kucoin Delists Various Trading Pairs Linked to Bitcoin Cash

There is a fair amount of confusion on the internet over one of Kucoin's recent decisions. The company has made it clear they will be dropping Bitcoin Cash-based trading pairs very soon. Contrary to what people may think, the exchange will not remove Bitcoin Cash itself, but rather get rid of some ...

A Lower Bitcoin Transaction Volume is a Sign of Maturity

Things are not looking great for Bitcoin as of right now. The price is dropping, and so are the number of transactions. This latter part is always subject to interpretation, though. While things may look a bit bleak now, there is no reason to believe the situation won't improve. In fact, it seems things will most ...

Deconstructing a confirmed bitcoin transaction

This article talks about what goes into a bitcoin transaction. I might not be exactly right, but this is based off of tinkering with the bitcoinjs library. Feel free to correct me if I'm wrong. The…

Turkish Imams Fired for Violating Fatwa Against Bitcoin Trading

When dealing with Bitcoin and other cryptocurrencies, it is important to keep religious rules in mind at all times. Two Turkish imams found that out the hard way, as they have been fired over their Bitcoin activity. It's a very strange turn of events, although it isn't entirely surprising.

Bitcoin Magazine's Week in Review: South Korea Rises, Cryptocurrencies Falter

Following a three-month period of drooping prices, it appears interest in bitcoin and digital currencies is falling to new lows, and the market value is sinking along with it. In addition, interest in bitcoin and cryptocurrency related jobs is generally on the decline, though blockchain gigs remain stable enough ...

DigixDAO (DGD): Your Safe Haven from Bitcoin

Whether you are into cryptocurrencies or not, one thing is for sure, you are getting to know what is happening in the digital market curtsey of the Bitcoin fluctuations. However, DigixDAO (DGD) is transforming the market and change the uncertainty. Over the last few days, DGD has proved to be an asset to ...

Huobi Officially Launches in South Korea with 100 Cryptocurrencies

Huobi has officially launched in South Korea. The platform facilitates the trading of 100 cryptocurrencies and 208 markets. The exchange is also creating an investor protection fund and program to immediately compensate for any losses that are not investor error. Also read: Japan's DMM Bitcoin ...

Bitcoin Up, but another Tumble May be on the Cards

Bitcoin investors had a rollercoaster of a day on Good Friday and by the end of the day, there was nothing good about it, with Bitcoin ending the day down 3.25% to $6,839.63. A rally through the early part of the day, saw Bitcoin move through to an intraday high $7,302.35 in the first half of the day, while ...

Opinion: Bitcoin's Biggest Problem Isn't Child Porn, It's GDPR

Opinion: Bitcoin's Biggest Problem Isn't Child Porn, It's GDPR ... Let's take cryptograffiti.info for instance, which runs on the Bitcoin Cash blockchain. CryptoGraffiti ... Bitcoin and Bitcoin cash are publicly held blockchains, no one “owns” them so in theory, no one can be accountable for GDPR compliance.

Bitcoin price CRASH: Bitcoin suffers worst first quarter EVER as $114bn WIPED OFF value

The previous biggest first quarter decline in Bitcoin's price was registered in 2014, when the cryptocurrency lost near 38 per cent of its price, according to CoinDesk, a site which has been tracking the price of Bitcoin since 2011. This dramatic fall translates into a loss of $114.9billion (£81.98billion) of the ...

Price manipulation of Bitcoin [BTC] – OKEx announces rollback of futures contract data

OKEx made public that a number of users performed unusual transactions to manipulate the price of BTC's quarterly futures contract on March 30th, 2018, making it deviate sizeably from the BTC index. The OKEx team's investigation revealed that users had closed huge amounts of positions at market ...

Bitcoin bust? Price falls below $7000 – a third of its value earlier this year

The Japanese government officially recognized bitcoin as a form of currency last year and started licensing exchanges. But regulators have stepped up scrutiny of the industry after about $530 million in digital currency was stolen from an exchange in January. New rules in Europe that limit the amount of ...

CZ, Binance CEO puts Bitcoin [BTC] prices in perspective!

Bitcoin [BTC] prices have caused plenty of debates and discussions among cryptocurrency users and enthusiasts. To put in perspective, the Bitcoin [BTC] exchange rate was established by new liberty standard that established the value of Bitcoin at US $1=1 BTC in February 2011. It soon began ...

Intel patents a Bitcoin [BTC] mining hardware accelerator to minimize power consumption

US Patent and Trademark Office has published an application for a ' Bitcoin Mining Hardware Accelerator with optimized message digest and Message scheduler datapath'. Intel had originally submitted the application in 2016. It uses a method which supplements the current Bitcoin mining process, ...

Bitcoin Is Ideal for Countries Adopting a Passive Monetary Policy

Only 21 million bitcoins will ever be mined. Therefore, Bitcoin is illiquid. However, Satoshi Nakamoto, purportedly the creator of Bitcoin , intentionally established this lack of liquidity to make the cryptocurrency inflation-resistant and to incentivize Bitcoin miners. According to Professor Max Raskin, Bitcoin's ...

These Are the Worst Performing Cryptocurrencies of 2018 – So Far

Bitcoin Diamond: Astonishingly, someone once paid $105 for this garbage. It's currently trading at $2.19. That's a 98% retrace. Bitcoin Gold: Spot the recurring theme. Bitcoin forks that add no real value have been hit the hardest. BTG somehow once traded at over $500. Now it's sitting at $45, and even ...

Why ransomware often demands small amounts of Bitcoin

Bitcoin was riding high at almost $20,000 and I was making money almost every day in the crypto market. Things have settled down since then and prices have dropped significantly. I still am bullish on the long term prospects of crypto, but stories like this one on do not help. I need to acknowledge the ...

Bitcoin Cash Gets the Axe – KuCoin Removes BCH Trading Pairs, Citing User Feedback

While KCS saw three of its trading pairs removed, and USDT and NEO each watched six pairs get the ax, Bitcoin Cash got the worst of the deal. Notes KuCoin, “All trading pairs” for Bitcoin Cash are being removed, including “FOTA/BCH, KCS/BCH, DENT/BCH, ACT/BCH, UTK/BCH, DAT/BCH, and ...

Bitcoin's Biggest Winners—or Losers—Are Likely to Be Men

“Data on who holds the anonymous currencies are hard to find,” Hannah Kuchler explains in the Financial Times, “but Uphold, a virtual currency wallet service that does background checks on its users, says 75 percent are men, while Coin Dance, which tracks statistics on the bitcoin community, found 97 ...

HODL For GODL: Bitcoin Investors Wait Just 189 Days For 100% Returns

While some sources, especially those of the mainstream press, claim weakness in Bitcoin has little chance of dissipating, industry figures continue to remind investors of the importance of the long-term perspective. In a Twitter post of his own March 29, developer Jimmy Song recapped what he described ...

Bitcoin crisis continues with another huge price drop

Heavy investors of Bitcoin must be sweating at the moment, especially if they got on the cryptocurrency bandwagon before September 2017 and have stayed on it. The incredible elation that must have been felt as the virtual currency (VC) enjoyed a meteoric rise from around US$3300 in mid-September ...

'Bitcoin Is Dead'

Apparently, Bitcoin is dead. That is what the world's media have been telling us for as long as the crypto has been alive. In fact, the number of “ Bitcoin is dead” articles is over 250, and counting. The doomsayers have been wrong time and again.

Criminal Bitcoin Trader Found Guilty of Money Laundering in Arizona

Though many convicted criminals serve time and receive help reforming, for one Bitcoin trader, his record continues to grow from felony marijuana charges to money laundering. First reported by CCN earlier as an “unlicensed money transmitting business,” it appears as though Thomas Mario Costanzo, ...

Is The Bitcoin Price Finally Reaching Its Bottom?

Per an article today in by Omkar Godbole in Coindesk, Bitcoin may finally be reaching the bottom of its bear run. To cryptocurrency enthusiasts, this might come as a welcome hypothesis—with Bitcoin hitting a 50-day low today at $6,630 USD—though Godbole indicates that it's probably going to get ...

BitPay Merchants Can Now Accept Bitcoin Cash Payments

BitPay merchants can now accept a second cryptocurrency in addition to Bitcoin — its offshoot Bitcoin Cash. The Atlanta-based company made the announcement in a Wednesday blog post, marking the first time in the company's history that it has processed altcoin payments. BitPay — which has ...

Bitcoin Price Watch: Argh! Another Massive Drop

A big reason for bitcoin's latest drop may stem from Hong Kong-based exchange OKEX. The popular trading platform enforced a rollback of futures trading following what executives called “irregular sell-offs.” On March 30, staffers posted a note on the company's support page stating that all weekly, ...

Bitcoin ATM Installed in Georgia Amid Growing Interest in Crypto

A new automated teller machine now offers Georgians a fast and easy way to buy and sell bitcoin and litecoin. Support for bitcoin cash has been promised, and other cryptos will also be added in the future. The ATM has been set up at a burger restaurant in the heart of the Georgian capital Tbilisi.

Abra CEO: “Bitcoin Price to Skyrocket Soon”

The founder of cryptocurrency payments start-up Abra feels that there's a lot of exaggeration involved in the reports of bitcoin's imminent death. Bill Barhydt indeed predicts better days ahead for the widely popular digital currency, and it's not just blind optimism that backs him.

What Could Turn Bitcoin, Ripple, Ethereum, And Litecoin Around?

Bitcoin , Litecoin, Ethereum And Ripple are lumped together into the same category by some investors—the cryptocurrency assets that are ready to collapse. That's according to Linda Butcher Co founder of Rewards blockchain LTD., who sees better days returning in the cryptocurrency markets.

Bitcoin Testing Its February Low Of $6600

The latest negative item to hit Bitcoin and pretty much all cryptocurrencies is a report from Nikkei Asian Review via Cointelegraph that two more cryptocurrency exchanges are shutting down, making a total of five since Japan's Financial Services Authority, or FSA, started stepping up its enforcement ...

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis ...

Much has been written about the dreaded “death cross” on Bitcoin , when the 50-day moving average will cross below the 200-day moving average. However, it is such a widely watched event that it might work as a contrary indicator. After all, traders who had purchased after the last death cross in ...

Mesa bitcoin trader convicted of money laundering

A federal court jury convicted a Mesa bitcoin trader on five counts of money laundering Thursday. Thomas Mario Constanzo – known online as “Morpheus Titania” – was arrested in April 2017 and accused of taking nearly $165,000 from undercover agents posing as heroin and cocaine traffickers before ...

Governments lose control of exchange rates as bitcoin traders evade border controls

Bitcoin is threatening to destroy the ability of governments to manipulate their own currencies, as the cryptocurrency creates a new way to evade official controls and move money across borders. The loophole could have significant implications across the world, upending currency wars, hampering ...

So you purchased and sold some bitcoin. Are you going to have to pay taxes?

Tax day is coming up fast, and as if taxes were not complicated enough, there's going to be a new issue to deal with for people who own bitcoin : what to do with any money they made off of the cryptocurrency. There have been rules for how to tax bitcoin since 2014, but over the course of the boom and ...

Two More Japanese Bitcoin Exchanges Will Shut Down

The cryptocurrency situation in Japan is evolving in many different directions. While Bitcoin is a legal payment method in the country, multiple exchanges are still facing regulatory scrutiny. So much, in fact, that two more platforms have been forced to shut down due to this mounting regulatory pressure.

Intel Files Patent For Energy-Efficient Bitcoin Mining Hardware

Intel is exploring the creation of specialty hardware for mining the popular cryptocurrency Bitcoin , according to a U.S. patent application released Thursday. The patent, filed on Sept. 23, 2016, describes a Bitcoin mining hardware accelerator that may include a processor core with a hardware accelerator ...

Bitcoin [BTC] wipes more than $114 billion from the market in its first quarter

The slumps are continuing in the market, while the global cryptocurrency market cap has declined all the way down to $261 billion. Bitcoin valuation has dropped over $114.9 billion in the past three months, leading to almost three-fourths of the amount to decline in the global market cap since the ...

Bitcoin is Crashing... Not Just Dropping

Bitcoin is crashing right now. This is bad. $6700 ... and dropping.

Nvidia CEO maintains that cryptocurrency mining “is not their business”

After noting that cryptocurrency mining represents only a small fraction of NVIDIA's GPU business, CEO Jensen Huang distanced himself from the Bitcoin market, stating, “We're not involved in Bitcoin at all. Bitcoin [mining] is done largely by ASICs today.” Unlike the GPU, which can handle a range of ...

OKEx to Roll Back 'Irregular' Futures Trades After Bitcoin Price Crashes Below $5000

Cryptocurrency exchange giant OKEx is rolling back a series of Bitcoin futures transactions in response to an “irregular” sell-off that was localized to the trading platform. The Hong-Kong based exchange announced on Friday that it would reverse transactions that occurred this morning between 4:47 am ...

Newegg Canada Now Accepts Bitcoin Payments Through BitPay

Most people in the US are aware that Newegg began accepting Bitcoin payments some time ago. Although this venture carried certain risks, the company has stuck with Bitcoin for several years now. It seems now is a good time to bring this payment option to customers in Canada as well.

Even as Bitcoin Languishes, Telegram Raises $1.7 Billion Ahead of Largest ICO Ever

The five-year-old company, which has attracted users by touting its encrypted-messaging service, raised $850 million from 94 accredited investors in a Securities and Exchange Commission filing late Thursday. That doubles a previous raise first disclosed in mid-February, adding up to a total of $1.7 ...

Tale of Two Transcripts: Jury Believes Feds, Convicts Mesa Bitcoin Trader 'Morpheus Titania'

A federal jury this week convicted the Mesa bitcoin trader known to undercover government agents as Morpheus Titania on five counts of money laundering. Known to his mother as Thomas Mario Costanzo, he faces sentencing in June after jurors agreed that federal agents, posing as cocaine and ...

Can Ethereum Overtake Bitcoin?

Remember all that talk about a “flippening” last year? For a few months, if you scrolled down r/Ethereum or even it's meme-intensive sibling r/ETHTrader, it seemed inevitable that the market cap of Ethereum would pass that of the current top dog in crypto – Bitcoin . The general consensus of both forums ...

Bitcoin slumps below $7000, nearing 2018 low

Major cryptocurrencies took another leg lower overnight as the persistent selling persisted, pushing most to multimonth lows. The price of a single bitcoin BTCUSD, -4.95% traded to an overnight low of $6,617.69, homing in on the Feb 6. low of $5,947.40, a major support level for technical traders. Bitcoin ...

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

Having lived through their parents getting rekt in 2008, this group is very distrustful of centralization. According to a 2016 survey, 92% of millennials do not trust banks. Cryptocurrencies like bitcoin are creating what they crave: decentralization, digital scarcity, and native trust – keys to future adoption.

Japanese Luxury Car Dealer Accepts Bitcoin Payments Up to $1 Million

A Japanese car dealership that sells used imported luxury cars with showrooms in Tokyo is accepting bitcoin as a means of payment. Announced by bitFlyer, Japan's largest cryptocurrency exchange, a partnership with car dealership L'Operaio will see the exchange provide the technology to enable the ...

Intel Files Patent For Energy-Efficient Bitcoin Mining Hardware

Intel is exploring the creation of specialty hardware for mining the popular cryptocurrency Bitcoin , according to a U.S. patent application released Thursday. From a report: The patent, filed on Sept. 23, 2016, describes a Bitcoin mining hardware accelerator that may include a processor core with a ...

Bitcoin's First-Quarter Play: Falling Back to Earth

Bitcoin posted its second-worst quarter on record in the first quarter of 2018. As of Thursday, bitcoin was down 49% in the quarter, trading around $7,115. That would make the first quarter the worst since the third quarter of 2011, when it fell 68%, and the second-worst quarter since it started trading ...

Intel Patents Low-Energy Bitcoin Mining Tech

The tech giant which has practically made computing devices a household item with the Intel Pentium processor which was first unveiled in 1993 is describing a mining hardware accelerator. The main functionality of the unit is to cut down on the cost of electricity that is used by Bitcoin miners.

Indeed: Bitcoin Price Retreat Weighs Heavily on Demand for Crypto Jobs

There is a correlation between bitcoin price performance and interest in the bitcoin and cryptocurrency job market, a new report by job site Indeed's Hiring Lab reveals. When times are good in the bitcoin price, it's reflected in rising demand for cryptocurrency and bitcoin jobs. But as soon as the bitcoin ...

Bitcoin, Other Cryptocurrencies Continue Decline Over Regulation Fears

With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018. Citing Japan's Nikkei Business Daily, TheStreet.com reported that ...

China Isn't Helping Blockchain, Or Bitcoin

Bitcoin is now about $70 below its lowest level of the year, reached on February 4. China is doing it no favors. Besides the recent ad bans for initial coin offerings on every major U.S. social media platform, plus Google, the No. 2 economy and biggest fan of crypto keeps putting the screws to blockchain ...

Newegg Opening Bitcoin Payments to Canadian Customers

Newegg, North America's leading technology-focused e-retailer, announced on Wednesday that the company is affording customers in Canada the option of paying for products with Bitcoin — citing increased mainstream awareness of the digital currency.

Bitcoin Daily: China Plans Crypto Crackdown, Mail Chimp Blocks Crypto And ICO Marketing

Bitcoin fell below $7,000 on Thursday (March 29) – and analysts expect sales of bitcoin and other cryptos to increase as the April U.S. tax deadline approaches, CNBC reported. The price of bitcoin was $6,826.68 as of 11:13 p.m., according to CoinDesk. And, in China, the country's central bank is ...

Regulation and apathy hit bitcoin market

After a buying fever at the end of 2017 that sent the price of a token to nearly $20,000 and a spectacular fall at the beginning of the year, bitcoin 's price made a modest recovery before falling sharply again this month. "This is a healthy correction after an exuberant 2017," said Kyle Salmani, founder of ...

Arizona Bitcoin Trader Convicted for Crypto Money Laundering

An Arizona bitcoin trader been convicted for using the cryptocurrency to launder the proceeds of drug deals. Thomas Mario Costanzo, who goes by Morpheus Titania on Twitter and operated a peer-to-peer bitcoin exchange website, was found guilty of charges of five money laundering by a federal jury ...

Bitcoin is on track for its worst first quarter ever with over $114 billion wiped off its value

The previous biggest decline was a near 38 percent fall in the price in the first quarter of 2014, according to data from CoinDesk. It tracks the price of bitcoin back to the middle of 2010. CNBC looked at bitcoin's price performance in the first quarters of each year beginning in 2011. Bitcoin has recorded a ...

Does the IRS Get a Cut of Your Bitcoin Cash?

So what about the receipt of bitcoin cash? Is that taxable? Unsurprisingly, the Internal Revenue Code (IRC) does not directly address the tax treatment of cryptocurrencies in general, or of hard forks in particular. All we currently have is the guidance issued by the IRS in 2014, which does not address ...

Bitcoin falls close to US$6000 after EU rules against leveraged trading

Bitcoin traded down at US$6,617 on the first-day of the long Easter weekend on Friday – its lowest-level since February 6 when it broke below US$6,000, as new European Union (EU) rules aimed at reducing leveraged trades offered by brokers prompted a widespread sell-off on fears of similar ...

US Tech Company Intel Files Patent To Reduce Bitcoin Mining Energy Use

US technology company Intel has filed a patent for a Bitcoin (BTC) mining hardware accelerator that would reduce the amount of electricity used in crypto mining by “reducing the space utilized and power consumed by Bitcoin mining hardware,” according to a US Patent and Trademark Office patent ...

Sore Over Bitcoin? Stock Markets Post Worst Week Since January 2016

Despite Bitcoin's woes, traditional stock markets saw their worst period since January 2016 for the five days ending March 25, analysts note this week. In the month that saw BTC/USD hit $6600 - its second-lowest levels since November 2017 - global markets are also showing bearish signs. The US ...

Trader Threatens to Commit Suicide, as Millions Worth of Bitcoin Were Liquidated

Cryptocurrency exchanges play a big role in people's lives. These service providers can effectively make or break someone's personal life. It seems evident OKEx may have some explaining to do in this regard. One of their customers claims the company liquidated his large Bitcoin stash in an illegal ...

Bitcoin: Here to Stay?

Bitcoin : Here to Stay? This currency may be cryptic, but Julian tries to break down what you need to know about the trend. March 29 at 6:14 PM. March 29 at 6:14 PM. Annenberg Media's Julian lee breaks down bitcoin and its new popularity.

Bitcoin Eyes Bottom After 50-Day Low Below $7K

Bitcoin (BTC) prices dropped to a 50-day low of $6,630 earlier today, but a glimmer of good news for the bulls is that the cryptocurrency appears to be nearing a bottom. To start with, BTC tends to reverse course every time the relative strength index (RSI) drops to or below 30.00, according to historical ...

Taxing Every Bitcoin Purchase Will Backfire for the IRS

In the U.S., the Internal Revenue Service's (IRS) treatment of bitcoin taxation has arguably had a similar effect. By effectively telling taxpayers they need to calculate capital gains taxes for every $25 gift card purchased with bitcoin , the IRS is giving them one more reason to treat bitcoin less like a payment ...

Indian Chamber of Commerce Pilots New Bitcoin Training Program

The program has been devised in conjunction with Dr. Tausif Malik — a respected local social entrepreneur — and will aim to provide rural Indians with skill sets that will enable them to participate in bitcoin and cryptocurrency mining operations. In an attempt to generate self-employment opportunities ...

Bitcoin statistical analysis: BTC price and tech sector (part 3 of 4)

Is BTC overvalued or undervalued? Is Bitcoin dead? Or will it someday take over entire industries? Does Bitcoin have the potential to someday become integral to global finance, commerce and society? If so, when? What follows is a multi-part, comprehensive, statistical analysis of many relevant global ...

Bitcoin is falling back to Earth. It's now below $7000

Bitcoin is falling back to Earth. It's now below $7,000. by Daniel Shane @CNNMoneyInvest March 30, 2018: 5:08 AM ET. Lagarde: Bitcoin regulation 'inevitable' ...

Bitcoin Drops From $7900 to $6600 as Cryptocurrency Market Takes a Beating

The valuation of the entire cryptocurrency market has declined to $253 billion, down $100 billion over the past week. The price of most major cryptocurrencies including bitcoin , Ethereum, Ripple, and Bitcoin Cash dropped by more than 13 percent throughout March 30.

For $8, man misleads Canadian Parliament on Bitcoin Cash

According to his Reddit post, Hamel was keen for adverse comments about Bitcoin Cash to be recorded in Canadian parliamentary archives: “Spoiler: I'm gonna say “Bcash is a scam” and it's gonna be archived forever in the Parliamentary records (not a blockchain but still…). Donations are welcome.”.

“Very, very dull”: What happened to India's white-hot cryptocurrency market?

For instance, Bitcoin , the most popular virtual currency, went from $1,000 a piece at the start of 2017 to over $20,000 by the year end. Now it has whipsawed back to below $8,000. All this is getting reflected in investor interest. A few months ago, the top e-currency exchanges of India were adding ...

Bitcoin's Crazy Volatility Creates Dream Marketplace For Bears

I've been following Bitcoin's price as a curiosity, mainly to watch what happens to a new type of investment, being one that is utterly lacking in anything like fundamental value but instead is just pure speculation. As one might expect from such an investment, Bitcoin has been extremely volatile. The highs ...

Bitcoin Breaks Below $7K to Fall to 50-Day Low

The price of bitcoin is back below $7,000 and trading at its lowest price since Feb. 7. According to CoinDesk's Bitcoin Price Index, the world's largest cryptocurrency is changing hands at $6,700, a move that follows its steady decline from around $8,000 since the start of the Mar. 29 trading session, a 15 ...

Bitcoin sell-off continues after Japan setback

The cryptocurrency market had been worth more than $US800 billion as recently as January, but as of last night (AEDT) the total value of bitcoin , ethereum and other virtual currencies had fallen below $US300 billion, highlighting the scale of the fall in their prices. Digital or cryptocurrencies have no ...

Big Banks Take Another Look at Bitcoin and Ripple

As Bitcoin and the cryptocurrency market get pressured by a bearish sentiment based on the technical pattern known as “death cross”, investors are also aware of the mixed signals coming from big banks regarding the asset class – with great focus on Bitcoin and Ripple.

Bitcoin tumbles to cap off dismal quarter

The world's biggest cryptocurrency by market value dropped as much as 10 per cent on Thursday, pushing it toward the $US7,000 mark and the lowest level on a closing basis since early February, according to data compiled by Bloomberg. The slide took the token's losses in 2018 to a whopping 50 per ...

What the Fed Could Learn From Bitcoin

Technological innovations, including blockchains and smart contracts, have made Friedman's vision even more plausible. Bitcoin , the world's most successful digital currency, was issued on a decentralized blockchain. Bitcoin is precommitted to a certain inflation rate, and unless a significant portion of ...

Newegg to Accept Bitcoin Payments from Canadian Customers

Apparently unfazed by recent price volatility and citing “the increasing mainstream awareness of cryptocurrencies,” Newegg is showing its confidence in the future of the cryptocurrency by extending its current policy of accepting bitcoin payments from U.S. customers to Canadian customers.

Washington Cities, County Dial Back Bitcoin Enthusiasm

Squeezed by unexpected demands of bitcoin mining, city and county governments in Chelan and Douglas counties are slowing the influx of digital currency startups in order to step back, take a breath and weigh the industry's effects. Local leaders have put in place moratoriums or temporary zoning ...

John McAfee's $1 Million Bitcoin Price Bet Just Hit a Major Technical Hurdle

Eccentric cybersecurity pioneer and long-time cryptocurrency bull John McAfee just hit a major technical hurdle in his gamble that the Bitcoin price will reach $1 million by mid-2020. On Thursday, the “McAfee Bitcoin Price Prediction Tracker” — which charts the price of Bitcoin relative to McAfee's ...

What Is Bitcoin, And Does It Matter?

Bitcoin and other digital currencies, also called cryptocurrencies, are having a moment right now. But outside the tech world, plenty of people are clueless about what the technology does and how it could impact their lives in the near future.

Keep Calm And HODL On: The Case For Owning Bitcoin

Tom Lee is one of the most visible analysts following Bitcoin and digital currencies. As Co-founder and Head of Research at Fundstrat Global Advisors, he has compiled an extensive amount of data on them. His most recent note calculates Bitcoin's return if an investor had not owned it for the 10 highest ...

Eighteen bitcoin mining machines stolen from a property in Derbyshire

They can be transferred using currency exchanges. Creating new coins is done through a process called "mining" where users are rewarded with new coins for verifying transactions that take place. Bitcoin has its own value and is not tied to any physical currency. The value of bitcoin skyrocketed in late ...

Intel Wants to Patent a Bitcoin Mining Hardware 'Accelerator'

Tech giant Intel is seeking to patent a hardware "accelerator" for bitcoin mining chips, a newly-published filing reveals. The application for a " Bitcoin Mining Hardware Accelerator With Optimized Message Digest and Message Scheduler Datapath" was published on Thursday, though it was originally ...

Bitcoin Today: Prices Plunge as Bitcoin Hovers Close to 'Death Cross'

Thursday morning's decline sent bitcoin to its lowest price since early February, bringing 2018 losses to as much as 48% in earlier trading. This quarter's major decline is the largest in the span of a single three-month period since 2011. The decline Thursday brought bitcoin close to breaking below its ...

Bitcoin's Most Profitable Use: the $600 Billion Overseas Remittance Business?

Though leading cryptocurrency bitcoin is facing crackdowns by various governments across the globe, it's experiencing a surge in the overseas remittance market. Instead of being used as a currency, bitcoin is increasingly being used as a medium for global money transfers. It allows the user to do away ...

“Death Cross” Sparks Bitcoin Sell-Off

Apart from exceptions such as ERA (+45%) or Skycoin (+27%), the top 100 coins by market capitalization is down for the day as investors get gloomier potentially from talks of a “death cross” in Bitcoin . The term is used in technical analysis to describe a crossover of the 50-day moving average and the ...

Did Futures Markets Negatively Affect Bitcoin Price and the Entire Crypto Industry?

Late last year, the cryptocurrency community highly anticipated a surge in bitcoin price after the launch of the bitcoin futures market operated by the Chicago Board Options Exchange (Cboe) and CME Group, two of the largest options exchanges in the global market. Almost immediately after the entrance ...

Bitcoin's Price Falls to $7600 Low as Market Continues to Dip

Sell volumes had initially intensified across most major cryptocurrency exchanges on Thursday, most likely due to the spike in volumes in the U.S. bitcoin futures market operated by the Chicago Board Options Exchange, or Cboe, and CME Group. These investors from the traditional stock-trading ...

Two Turkish Imams Fired for Allegedly Investing in Bitcoin

By contrast, Satilimis pled total innocence, claiming not to “even know what bitcoin is.” Satilimis' statements appear to claim that his wife's jewelry business had recently been the victim of some sort of scam. Satilimis stated that his “wife went to this place by selling the jewelry items, under the influence of ...

How network theory predicts the value of Bitcoin

There is certainly a high cost of production in the cryptographic “proof of work” required to create, or mine, bitcoins . But their value has little relation to this cost. By the end of 2017, a single Bitcoin was worth almost $20,000, and the cryptocurrency market as a whole had a value of $830 billion. Just a few ...

The Ancient History of Bitcoin

The gyrations of Bitcoin and the like can cause speculators to make and lose fortunes. “I don't really see what the actual true underlying value of some of these cryptocurrencies actually is in practice,” Federal Reserve Bank of New York President William Dudley said on Feb. 22. Yves Mersch, a member ...

Price of Bitcoin Plunges Further to $7500

In just the past week, the global market cap of all cryptocurrencies has fallen close to US$70 billion. In that same period, Bitcoin (BTC) has fallen 20% from a local high of US$9,000 to its current price of $7,500. Despite a number of bullish sentiments and news recently, the price of Bitcoin and ...

Bitcoin just grabbed its biggest piece of the crypto pie since the beginning of the year

As the market for digital currencies sheds millions, bitcoin continues to eat up market share. During Thursday's trade, the largest crypto made up 45.66% of the total market, its largest slice of the cryptocurrency pie since the beginning of the year. Meanwhile, the total market cap for digital currencies stood ...

Bitcoin 'Death Cross' Lures Market Bears

With Easter just around the corner, it almost seems ironic that the bitcoin price is technically nearing a death cross. Everywhere you turn, there's a new forecast for the bitcoin price — from $30,000 to $3,500. Technical analysis, which is used by traders to forecast whether securities are going to move ...

College students are secretly mining bitcoin in their dorms: 'On room check days, I have to put a ...

Mining gobbles up 215 kilowatt-hours of energy for each transaction. According to Morgan Stanley data, the total energy consumption of the bitcoin BTCUSD, -4.98% network consumes as much electricity as 2 million U.S. homes. Mining a single bitcoin can cost anywhere from $3,000 to nearly $10,000 ...

What Is a Bitcoin 'Death Cross' and Why Is Everyone Talking About It?

The price of Bitcoin is falling, which means one thing: Internet-wide freakouts. In these times of chaos, folk turn to the only oracles that can soothe their worry or validate their worst fears: Cryptocurrency market chart analysts. There is an entire cottage industry of these village pellars, all competing to ...

Newegg Extends Bitcoin Payment Option to Canada

California-based online computer hardware retailer Newegg on Wednesday announced the extension of its Bitcoin payment option to Canada. Newegg was one of the early adopters of Bitcoin , offering its US customers the digital currency payment option since August 2014. The platform has roughly 36 ...

Bitcoin Price Bull Tom Lee Says Hodl on Amid Market Slump for Later Gains

Fundstrat's Thomas Lee is emerging as a voice of reason for cryptocurrency investors even as bitcoin continues to trade in the doldrums. JPMorgan Chase's former chief equity strategist is applying the lessons of the stock market to bitcoin investing. Trying to time the market is “challenging” because ...

Bitcoin Cash Drops Below $800 Amid Market Sell-Off

Bitcoin Cash is having a tough day. The fourth-largest cryptocurrency, with a market cap of $12.8 billion, slumped 15 percent over the past 24 hours on Thursday to reach a price of $752 per token. The project “forked” from the main Bitcoin project back in August 2017, but after a promising start, the token ...

How two Louisville college dropouts in their 20s made a mint in Bitcoins

Still, the men in their early 20s are gathering a flock, shepherding others in Louisville into the super-new world of bitcoin and other digital currencies. They may seem young, but they are veterans with three years in the emerging phenomenon. And their ace in the hole: They've already scored a combined ...

Here's how brutal the first quarter was for bitcoin and other cryptocurrencies

The first quarter was horrible for cryptocurrency investors—there's no other way to describe it. The No.1 digital currency, bitcoin BTCUSD, -6.64% opened the year above $14,000, not terribly far off the all-time high of $19,694.69 reached on Dec. 17, 2017. After making another run higher in the first week ...

Bitcoin Price Nearing a 'Death Cross', but Analysts Say It Is Poised for a Strong Recovery

The crypto markets are showing no signs of recovery but instead have been gripped by a string bearish momentum wherein the overall market cap has slipped below $300 billion and Bitcoin has gone way past tumbling down below $8000. As per the latest chart indicators, Bitcoin seems to be heading ...

Bitcoin slides, on pace for weekly losses of more than 15% as tax day approaches

Bitcoin dropped Thursday, tracking for a weekly loss of about 17 percent and quarterly decline of more than 45 percent. Some analysts have expected selling in bitcoin and other cryptocurrencies to pick up towards the mid-April deadline to file U.S. taxes as first-time investors realized they needed cash ...

You Don't Have To Hate Bitcoin To Think It Is Overvalued

I continue to think Bitcoin and other cryptocurrencies have further to fall and I am unlikely to become bullish until Bitcoin drops below $5,000. The basic premise is that speculators got way ahead of themselves in terms of the adoption rate. The adoption rate has slowed by every metric I look at, while ...

Bank Of Montreal Staff Memo Appears To Show Bitcoin 'Block' Due To 'Volatility'

Canadian lending institution Bank of Montreal (BMO) banned its customers from buying Bitcoin in a move seemingly confirmed March 28. A screenshot uploaded to Reddit by an employee seemingly shows a staff bulletin announcing the bank would “block” all credit, debit and online payments to ...

Why Porn on the Blockchain Won't Doom Bitcoin

Last week the internet jumped on a new research paper proclaiming that the bitcoin blockchain contains child pornography. The authors of that paper conclude that if you're one of the thousands of people running a full copy of the bitcoin software, or even just a curious researcher downloading the ...

Bitcoin Prices Tank - Global Cryptocurrencies Shed $500 Billion in Value in 2018

Bitcoins were marked at $7,498.70 each on the bitstamp exchange in Luxembourg, which feeds prices into the CME Group futures contract, extending their week-to-date decline to 16% and their quarterly slump to 47.8%. Collectively, global crytpocurrencies have lost more than $553 million in total value ...

Japan: 2 Bitcoin Exchanges Choose Shutdown Over Regulatory Compliance

Japan's financial services regulator continues to reshape the country's cryptocurrency exchange industry as two operators announce they are closing, local source Nikkei states March 28. Two Japanese exchanges, Mr. Exchange and Tokyo GateWay, will cease trading once they have returned customer ...

BCH Users, Rejoice: BitPay Integrates Bitcoin Cash Payments for Merchants

Merchant crypto payment processor BitPay has announced that it is now supporting payments in Bitcoin Cash (BCH). Previously, BitPay only supported payments in Bitcoin (BTC). Merchants who choose to allow customers to pay in either BTC or BCH using BitPay can receive their funds in the form of ...

Bitcoin Drops Below $7500 As Twitter Ban Takes Toll On Markets

Bitcoin fell below $7500 March 29 as new downward pressure forces prices back to almost their lowest levels since November 2017. Continuing a depressing week for traders since Twitter confirmed it would ban cryptocurrency advertisements March 26, BTC/USD fell to $7450 on Cointelegraph's Price ...

Bitcoin plunges below $7500: What's driving the selloff?

The No. 1 digital currency, bitcoin BTCUSD, -4.88% fell below $7,500, trading to an intraday low of $7,438.19. A single bitcoin was last exchanged at $7,447.43, down 6.2%. More exchange closures, bearish technical patterns and the possibility of Ethereum fees has dogged the market of late, pushing ...

The Problems With Bitcoin And The Future Of Blockchain

There are key differences between Bitcoin and blockchain. Blockchain is a digitized, distributed and secure ledger that guarantees immutable transactions and solves the trust problem when two parties exchange value. Cryptocurrencies like Bitcoin rely on blockchain to conduct transactions.

Bitcoin Sinks Past $7500 in Downbeat End to Dismal Quarter

The world's biggest cryptocurrency by market value dropped more than 5 percent on Thursday, taking it below the $7,500 mark to the lowest level on a closing basis since early February, according to data compiled by Bloomberg. The slide took the token's losses in 2018 to a whopping 48 percent, and ...

Bitcoin Daily: Ripple's $29M Charity Donation, Bitcoin's 'Death Cross'

Bitcoin is nearing a so-called “death cross” – the point when the 50-day moving average falls below the 200-day moving average, CNBC reported. Already, the cryptocurrency's 50-day moving average has fallen below its 100-day average. Bitcoin was trading at $7,880.64 as of 9:49 p.m., according to ...

Bitcoin's Lightning Network Is Live, But Can It Keep from Going Corporate?

Not yet out of beta, hundreds of developers around the world are already experimenting with bitcoin's newest technology - the Lightning Network - donating time and resources to help lay the groundwork for a more scalable version of the oldest and largest cryptocurrency yet created. So great has been ...

Bitcoin Price Volatility Seems to Correlate With S&P 500 Market Movements

When it comes to the Bitcoin price, it is difficult to make sense of it all. The dip over the past few months as caught a lot of people by surprise. Even so, it seems the Bitcoin price industry is not the only value dropping as of right now. The S&P 500 isn't in much better shape when looking at the bigger ...

As bitcoin goes bust, one classic market signal is pointing to more pain

This comes as bitcoin itself has dropped significantly from its highs late last year, wallowing below $8,000 per coin following a meteoric rise in 2017; bitcoin continues declining from its March highs of $11,700, most recently testing support at $7,700. On Thursday, it was ay $7,490, according to CoinDesk.

$7000 Next? Bitcoin Bears Pull Off Downside Break

Bitcoin (BTC) bears have come out victorious in the two-day tug of war with the bulls and may push prices down to $7,000. The cryptocurrency has been restricted to a narrow range of $8,140 and $7,700 since March 27, according to Bitfinex data. At one point in time yesterday, it appeared as though the ...

Bitcoin Cash Price Dips Below $800 as all Markets Take Another Beating

Even though most cryptocurrency markets are still in the red as of right now, it will be interesting to see what the future holds in this regard. For the time being, Bitcoin Cash is taking a big beating, although it shouldn't necessarily suffer from bigger losses compared to all other markets. Even so, the Bitcoin ...

Ethereum hits a new 2018 low as cryptocurrencies dive

Ethereum is at a new low for the year and bitcoin has broken below a "key support level." The market has been struggling so far in 2018. LONDON — Cryptocurrencies are falling on Thursday morning, as the sector's prolonged slump deepens. Ethereum has hit a new low for the year and bitcoin has ...

Bitcoin is slipping further into the red

Bitcoin continued its downward slump this morning as negative sentiment caused investors to sell. At the time of writing, the price of the digital currency was down 4.55 per cent at $7,576.30, according to Coindesk's aggregate index. "Last week's negativity around bitcoin hasn't faded away, and there ...

Cboe asks SEC to not interfere with Bitcoin exchange traded funds

At the beginning of this year, the U.S. Securities and Exchange Commission (SEC) sent a letter to Paul Stevens and Timothy Cameron, heads of investment companies with an interest in cryptocurrencies. The letter was written to provide some insight into the SEC's position on cryptocurrencies, as well as ...

Abra CEO Predicts Bitcoin Will Experience a Huge Surge This Year

Bill Barhydt, founder, and CEO of Abra, recently expressed his support for the crypto sector and predicted that bitcoin is all set to make a “huge” push in the market soon. While most mainstream analysts continue to harp on about Bitcoin's so-called death cross graph, Barhydt has strongly expressed his ...

Bitter readers can't see the 'bitcon'

Twitter cofounder Jack Dorsey thinks bitcoin will become the world's single currency in 10 years. Yeah, sure. So why did Twitter just announce that it will ban crypto-asset ads? You already know that I think bitcoin are a bitcon. And the fact that they're now coming under more regulatory scrutiny and have ...

Bitcoin Price Slides Under $7600 as Market Dips Below $300 Billion: Possible Reasons

Phil, a well known cryptocurrency analyst better recognized as PhilCrypto, revealed that the bitcoin futures market recorded record volumes over the past 24 hours, and according to the publicly available data shared by CME Group and Cboe, the majority of volumes on both futures market are sell ...

Report: Turkish Imams Fired Over Alleged Bitcoin Investing

Two Turkish imams have reportedly been fired for investing in bitcoin , according to local news sites. A major national newspaper, Hurriyet, reported Wednesday that the two imams were accused of trading in the cryptocurrency by the Directorate of Religious Affairs, which removed the two from their posts ...

Reddit stops accepting Bitcoin payments over Coinbase Commerce bugs

That leaves users with only credit cards and PayPal as modes of payment for Reddit's Gold plan; emoney04 said that the company will watch for demand for Bitcoin payments before it decides whether it should re-enable the option. While this may not deal a major blow to the legitimacy (and price) of ...

Bitcoin Mining Training Coming to 30 Cities in India

Bitcoin Mining Training Coming to 30 Cities in India Malik founded Mahabfic, a platform promoting investments in the State of Maharashtra for blockchain, fintech, initial coin offerings (ICOs) and cryptocurrency. “We are not promoting the technology, we are promoting the State of Maharashtra as the ideal ...

Does bitcoin's death cross spell doom for crypto investors?

“This chart continues to suggest to me that we could see bitcoin go all the way back below$US1000 ($A1300) per bitcoin ,” Bloomberg TV anchor and analyst Abigail Doolittle said this week. Her colleague Mike McGlone, a commodities strategists, agreed saying: “The death cross kind of scares me.

Newegg Extends Bitcoin Payment Option to Customers From Canada

The company started accepting bitcoin payments from its U.S. customers in August 2014, but the cryptocurrency market has grown into a trendy asset class since then. The bitcoin option used to represent only a small stream of purchase transactions back then, but the increasing mainstream awareness ...

Reddit unplugs bitcoin payments

Reddit, one of bitcoin's first adopters, is no longer accepting payments in the digital currency. A favored hangout for fans of cryptocurrencies, the social media platform in recent days disengaged the option to use bitcoin to purchase a premium membership due to snags in the system and because of a ...

Bitcoin Today: Prices Dip Below $8000 for Third Straight Day

Bitcoin spent most of Wednesday close to flat but burrowed below the $8,000 mark. As the No. 1 cryptocurrency dipped as low as about $7,740, the market cap for all digital assets fell beneath the $300 billion mark again. Here are the stories you can't miss in cryptocurrencies for Wednesday, March 28.

Reddit dumps bitcoin as payment option

Since 2013, you've had the option of paying for Reddit Gold membership with bitcoin in addition to the usual credit card and PayPal choices. However, you now have to do it the old fashioned way: a moderator has confirmed that Reddit has stopped accepting bitcoin . The social site wants to "watch the ...

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis ...

Can this cause a short-term blip in the prices? Definitely. The popularity of the cryptocurrencies is based on the underlying technology and not on advertising. Also, Bitcoin and altcoins have faced lot more serious problems in the past and have emerged stronger. This time is not going to be any different.

Bitcoin Bull Tom Lee Says HODL On During Slumps for Big Gains

If an investor missed out on the 10 best days for Bitcoin each year, the annualized return drops 25 percent annually, wrote Lee, managing partner and head of research of Fundstrat Global Advisors LLC. On average, Bitcoin was down every year with the exclusion of the top 10 day gains, according to ...

As concern grows over Bitcoin's energy use, what's next for cryptocurrency?

Here's the issue: Bitcoin is a cryptocurrency begun in 2009 that leverages blockchain technology in order to operate without a central clearing authority. Transactions are confirmed by "miners" who are compensated for the computing power necessary to verify transactions in a few ways. But the primary ...

Bitcoin price: Expert warns this 'key NEGATIVE' is likely to make bitcoin TUMBLE

He said: “We are tightening. So we are restricting the supply of dollars. We are increasing interest rates of those dollars and bitcoin doesn't have an interest rate. “So, to me, that's part of the key reason it is reverting and it goes down in Fed tightening. “Since the last tightening, it has dropped 50 percent.” ...

March in Review: Ripple (XRP) Taken Over the Baton From Bitcoin (BTC)?

Unveiled in 2009, Bitcoin will invariably be the godfather of the crypto-world. Because this currency practically endorsed the concept of decentralisation. From being just one then to thousands of digital currencies today, Bitcoin is the reason for the global possibilities of the digital currency. Ironically, in ...

Developing a Bitcoin Cryptocurrency Application with Node.js and NoSQL

Learn how to create a web application with NoSQL and Node.js for managing cryptocurrency accounts and transferring Bitcoin both internally and externally.

Bitcoin, Ripple, Litecoin - Charts and Prices | Webinar

Bitcoin continues to lose market capitulation, dropping $20 billion over the week to currently stand at £135 billion, while the price chart shows a descending wedge formation nearly completing, a technically bearish signal. In addition the 50-day moving average is likely to trade below the 200-day moving ...

Hydro-Quebec Strikes Measured Approach To Bitcoin Mining

Aaron Stanley , Contributor I write about business and regulatory aspects of blockchain and crypto Opinions expressed by Forbes Contributors are their own. Sooner or later, everything in the world of crypto requires recalibration. That applies to the price of bitcoin , the blockchain hype cycle and the ...

4 Cryptocurrency Future Scenarios: How Bitcoin And Blockchain Could Transform The Financial ...

Imagine being told one day that your paychecks would be in Bitcoin . Pretty cool, right? Except your liquid assets could tumble in value at any moment in this cryptocurrency future. And you'd have to convert your cryptocurrency to dollars to buy groceries at Walmart (WMT), coffee at Starbucks (SBUX) or ...

Bitcoin and Ethereum Prices Fall as Cryptocurrency Markets Hits $300 Billion

Bitcoin , Ethererum, and other digital currency continue to decline in value, wiping out most of the gains seen at the end of 2017 and beginning of 2018. ... Plummeting Bitcoin and Ethereum prices are the main force in bringing down the overall value of the market, but other alternative cryptocurrencies ...

Bitcoin Blockchain Data Might Be Housing Child Porn, Study Finds

Now, a report by Cointelegraph suggests that a study from Germany's Goethe and Aachen Universities has unearthed eight files that show or link to sexual content, hidden within the blockchain for bitcoin , the world's largest cryptocurrency. There have been allegations that some of these image might link ...

These cryptocurrencies are more promising than bitcoin

However, bitcoin also has a blockchain network that's notoriously slow relative to almost every other large cryptocurrency, meaning its upside from here on out may be limited. While cryptocurrencies as a group offer no guarantees, and their market caps may fall further, I'd suggest that the following five ...

Bitcoin Price Facing Bearish Trend: BTC Falls below $8000 Again

The Bitcoin price has decreased by more than twice since its highest mark of $20,000 in December. Possible investors should think carefully before joining the cryptocurrency market as its future is very unclear, with Facebook having banned crypto coins' advertisements in January and Google planning ...

Bitcoin is nearing a 'death cross' on the charts. Here's what it means

Bitcoin has gone bust, tumbling below $8,000 this week. There's something in the charts that could have investors hitting the panic button. Bitcoin's chart shows that the cryptocurrency is nearing a "death cross." A death cross is a term used to describe a cross-over of the 50-day moving average and the ...

Wall Street analyst makes an evidence-based case for holding (or 'HODLing') bitcoin for long term

Looking through the lens of stock investing, a Wall Street analyst says bitcoin is an attractive buy while it remains under pressure here. If an investor didn't hold stocks through the 10 best days for the S&P 500 each year, the annualized return would drop to 5.4 percent from 9.2 percent, Thomas Lee, head ...

Retail Giant Newegg Expands Bitcoin Payments to Canada

Newegg — which has approximately 36 million customers and was one of the first well-known companies to accept cryptocurrency payments — made the announcement on Tuesday, explaining that Bitcoin payments have represented a “small but growing stream of purchase transactions” in the US and ...

Reddit Disables Bitcoin Payments

The social media platform, a popular gathering spot for crypto enthusiasts, last week disabled the option to pay for its premium membership with Bitcoin as it watches how Coinbase Inc.'s Coinbase Commerce platform develops and after there were glitches in the system, according to a Reddit board ...

BitPay merchants can now receive Bitcoin BCH payments

The wait is finally over for BitPay merchants wanting to accept payments made directly in Bitcoin Cash (BCH). On Wednesday, the cryptocurrency payment processor announced that its affiliated merchants—over 100,000 of them—can now “do business with a growing, passionate community of Bitcoin ...

Energy-saving Bitcoin rival Chia raises from A16Z, plans mini-IPO

Bram Cohen invented torrenting. Now he's building a cryptocurrency called Chia that doesn't waste electricity like Bitcoin , and top investors are lining up. Chia has just raised a $3.395 million seed round led by AngelList's Naval Ravikant and joined by Andreessen Horowitz, Greylock and more.

10 Facts About Bitcoin You Should Know

Of course, the headline act of the group has been bitcoin , the first cryptocurrency to arrive on the scene more than nine years ago. In the past year, the price of bitcoin has rocketed from about $970 to $8,713, where it stands today -- an eightfold increase! Of course, during that time, its price peaked at ...

Reddit No Longer Accepts Bitcoin

Reddit, one of the most active hubs of Bitcoin enthusiasts, has dropped its support for the cryptocurrency. The widely read social media site will no longer accept Bitcoin as payment for its Reddit Gold program. A person claiming to be an administrator on the site told users who were grumbling about the ...

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

Mainstream financial analysts might be fixated on Bitcoin's so-called “death cross” and what it might mean for the flagship cryptocurrency moving forward, but Abra CEO Bill Barhydt believes that another rally is just around the corner. Barhydt, who once designed trading systems for Goldman Sachs, told ...

Job seekers are far more interested in the blockchain than in bitcoin roles

As bitcoin's price cools, so has interest in gigs related to the original crypto asset. However, job seekers' attraction to blockchain—the distributed, digital ledger that tracks bitcoin transactions—has remained fairly stable, according to job site Indeed. The trend mirrors a widely held view that crypto assets ...

'Don't Do it': Federal Reserve Official Warns Against Investing in Bitcoin

The president of the Federal Reserve Bank of Atlanta needs just three words to convey his opinion on investing in Bitcoin and other cryptocurrencies: “Don't do it!” Raphael Bostic, who has led the Atlanta branch of the Fed since 2017, delivered this message on Tuesday at the Hope Global Forums ...

Bitcoin Network Usage Implies Further Drop

A concept often thrown around in the crypto world is Metcalfe's Law, which states that the value of a network increases as number of users increases. A chart comparing number of Bitcoin (COIN, OTCQX:GBTC) addresses used in the last 24 hours (BAU) with price (data pulled from Blockchain.info) ...

Bitcoin Cash Bull Failures Could See Traders Move to Bitcoin

Bitcoin (BTC) may be down 40 percent on a year-to-date basis, but the cryptocurrency still looks set to outshine its rival bitcoin cash (BCH) in the short-term, the technical charts indicate. As of writing, the bitcoin cash/ bitcoin (BCH/BTC) exchange rate is seen a 0.1104 BTC on Bitfinex - the lowest level ...

Dear IRS, I Don't Actually Own That Bitcoin

Taxes are an annual job, and the IRS says that bitcoin and other cryptocurrency is property for federal tax purposes. Just about any transfer can trigger taxes. Currently, a crypto for crypto exchange cannot qualify as a tax-free 1031 exchange. Transfers are treated as sales for tax purposes, even when ...

Bitcoin Can't Take a Bite Out of Visa, Mastercard

We noted in a December cover story that Visa (ticker: V) “can process 10,000 times as many transactions per second as Bitcoin's vaunted blockchain.” Evercore ISI analyst David Togut offered slightly different numbers in a March 26 report. “Visa can process 65,000 transaction messages per second, ...

Luxury Car Dealer Teams with BitFlyer for Big Bitcoin Payments

L'Operaio, a Japanese car dealership that imports and sells high-end vehicles, is adding bitcoin as a payment option with technological support from the country's largest exchange, bitFlyer. Notably, while most of the exchange's existing retail partnerships have a limited settlement cap for each purchase, ...

Bitcoin Chart Nears Breakout Point

Bitcoin remains below the down channel started from the December 17 high near $20,000 as investors continue to shun the cryptocurrency market in 2018. And BTC is also facing an inflection point as the upward channel from the February 6 low near $6,000 converges with the downward channel, ...

Mandela's Golden Hands Sell for $10 Million in Bitcoin

A Canadian businessman agreed to sell four gold castings of South African leader Nelson Mandela's hands. For $10 million in bitcoin , a cryptocurrency firm launching an initial coin offering (ICO) has agreed to the purchase, promising a world tour of the art pieces in an effort to educate more people ...

Bitcoin's High Mining Cost Means It Cannot Become Global Currency: FT Analysis

Last week, the CEO of both the beleaguered Twitter Inc (TWTR) and Square Inc (SQ) made a strong statement in favor of bitcoin by saying that the cryptocoin is expected to become the most significant currency of the world within the next 10 years. (For more, see Bitcoin Will Become World's 'Single ...

Why Bitcoin's Likely 'Death Cross' May Be a Damp Squib

Bitcoin risks entering a technical "death cross" soon, but the bearish signal will likely not be as severe as has been made out in reports. A death cross occurs when the 50-day moving average (MA) cuts the 200-day MA from above (bearish crossover), indicating a long-term bear market going forward.

India's Biggest Tax Filing Platform is Helping Investors File on Bitcoin Gains

As Indian authorities continue to be perfectly ambiguous over guidelines or regulations for cryptocurrency adopters and the industry respectively – bitcoin and cryptocurrencies are neither legal nor illegal, nor regulated in India – the country's official taxation department is perfectly clear on its foray to ...

BitAsia moves to support 0-confirmation Bitcoin BCH transactions

Now, Chinese exchange BitAsia says that after much deliberation, it will support 0-confirmation transactions for Bitcoin Cash (BCH). The main difference between a six-confirmation transaction and a 0-confirmation transaction is time. A 0-confirmation transaction is instantaneous while the former, ...

How to protect your Bitcoin

Cryptocurrencies have been very hot in the news, especially in the last few months. This is primarily due to the fact that they have drastically gone up in value, especially in the last six months. Bitcoin , the digital currency based on blockchain technology (and undoubtedly the most prolific cryptocurrency ...

Volcanic growth for bitcoin in chilly Iceland

I lava you Iceland! - Bitcoin miner Genesis Mining has set up shop in the middle of a lava field. At a secret location in the midst of one of Iceland's breathtaking lava fields stands a warehouse whose non-descript siding belies the fact it is ground zero in a digital gold rush for cryptocurrencies that is burning ...

Bitcoin Price Technical Analysis for 03/28/2018 – Time for a Pullback?

On the longer-term time frames, though, it can be seen that bitcoin price is still trading safely above the uptrend line, so another test could lead to a stronger bounce. Besides, analysts have pointed out that the slide occurred before the actual Twitter announcement so profit-taking or other factors may ...

Cryptocurrency Market Retreats $300 Billion as Bitcoin and Ethereum Decline

Over the past week, the cryptocurrency market and bitcoin have consistently been volatile in the $300 billion region, moving up and down within the range of $280 billion and $350 billion. The market has operated within this boundary throughout March.

Bitcoin Cash Price Technical Analysis – BCH/USD Remains Bearish

Bitcoin cash price traded lower sharply and broke the $900 support level against the US Dollar. There is a key connecting bearish trend line forming with resistance at $910 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to move down and it could soon test the ...

Bitcoin price analysis: BTC/USD recovered from lows but not out of the woods yet; Fed's Bostic ...

Bitcoin is trading at $7,865, off early Asian lows touched at $7,730. The has lost over 1$ of its value during the latest 24 hours with the market capitalization currently standing at $133B. The total value of cryptocurrency market dropped below $300B for the first time since November 25, 2017. Raphael ...

Austin real estate companies accepting cryptocurrency, or 'Bitcoin'

In September 2017, Kuper Sotheby's International Realty reported it became the first brokerage in Texas to close a home purchased entirely with Bitcoin , one form of digital currency. Kuper Sotheby's International Realty's Leslie Gossett said she had two properties on the market where sellers were ...

State looks to attract Bitcoin tech companies

HARTFORD — As Connecticut hustles to attract new businesses, some legislators are turning toward a technology powering the popular cryptocurrency Bitcoin . Blockchain is a public ledger system that records transactions of digital currencies. The technology has other uses for online data verification in ...

Stars of Ireland's Dragon's Den Used for Bitcoin Scam Website Without Their Knowledge

The stars of Ireland's Dragon's Den — Gavin Duffy, Eleanor McEvoy, and Eamonn Quinn — have been dragged into a Bitcoin scam after photos and quotes falsely attributed to them were used in a fake online ad. The advertisement is for “ BitCoin Trader,” a cryptocurrency trading site that appeared on the ...

Forget Bitcoin: You're Better Off Buying These 3 Stocks

But since bitcoin prices swung all the way up to $19,200 per token in December, today's prices can't hold a candle to those highs. If bitcoin's high-stakes roller coaster makes your stomach churn, you'll often find better risk-reward balances in the stock market. So we asked three Motley Fool investors ...

Twitter Confirms Restrictions on ICOs and Cryptocurrency Token Sale Ads

Twitter has confirmed the reports from earlier this month that it will ban ads for Initial Coin Offerings (ICOs) all around the world. From now on any project that is conducting a token sale will only be allowed to run ads on the social network if it can prove it is legally regulated in the targeted country. Wallets ...

Poll: Two-Fifths of South Korean Millennials Keen to Invest in Bitcoin

The trifecta, or South Korea's three largest bitcoin exchanges — Bithumb, Korbit and Coinone, represented more than half of XRP trading as of year-end 2017 and also dominate Monero volume. The regional market has such a hold on trading that a Ripple cross-border payments trial between Japanese ...

Poll: Two-Fifths of South Korean Millennials Keen to Invest in Bitcoin

Bitcoin Price Watch: Currency Stands Firm at $7900

Bitcoin is holding firm at $7,900. While this is a serious drop from its weekend mark of $8,600, there have been no significant changes since March 26, though it was trading for about $8,100 in the evening hours. A $200 rise and fall window is nothing to be terribly concerned about, though it does suggest ...

Bitcoin's Weakness Means Renewed Strength In Silver - Hecht

However, he expects the trend to start reversing as bitcoin prices remain in a strong downtrend. Bitcoin's recent fall to just under $8,000 represents a 58% fall from its December highs. “While cryptos were all the rage in 2017, it is possible that many traders and those seeking wide price variance will once ...

Bitcoin price news: Why is bitcoin falling today? Will it go below $7000

The price of bitcoin has spent the majority of the day around or below the $8,000 mark as it continues to trend downwards and struggles to recover from the slump it has recently experienced. It was trading at $7,970.48 as of 8pm on March 27, 2018 which translated to a market cap of $135 million, ...

Bitcoin Today: Prices Hover Close to $8000, Regulation's Back in the Spotlight

Bitcoin continued this week's price decline as the No. 1 cryptocurrency fell back under the $8,000 mark. By Tuesday afternoon, bitcoin had traded as low as about $7,750. Here are the most important headlines in crypto for Tuesday, March 27.

Reddit ditches Bitcoin payment option in wake of Coinbase changes

Earlier this week, Reddit users discovered the site had removed Bitcoin as a payment option for those looking to upgrade to Gold membership. If the site's admins are to be believed, there's a slight hope it'll bring the option back in future. Reddit Gold, the site's premium membership, costs about $30 per ...

Are Bitcoin ETFs Back on the Table Again?

Bitcoin exchange-traded funds are dead in the water. At least that was the general sentiment at the InsideETFs conference in January when Dalia Blass, director of the investment management division at the Securities and Exchange Commission, wrote a letter laying out concerns around the ...

Germany's Tourism Board Accepts Bitcoin Payments

The German National Tourism Board has announced that it accepts cryptocurrencies such as bitcoin for its services. The organization promotes German travel destinations with offices in 32 countries around the world. GNTB also intends to implement blockchain technologies in its finances. “We want to ...

A Technical Lesson In Bitcoin

This week's Newsweek headline, predicting Bitcoin valued at $30,000 by the end of the year, certainly caught my attention, and I wasn't alone. The past few weeks have been full of articles predicting higher and higher highs for Bitcoin and other cryptocurrencies. I was very surprised to see that some ...

Reddit Disables Bitcoin Payments Amid Coinbase Commerce Overhaul, But Are They Gone Forever?

Reddit no longer accepts Bitcoin payments for its premium membership program, Reddit Gold, although the feature may return to the social media platform in the future. Last week, a Reddit user noticed that he or she was unable to use Bitcoin to gift another user a Reddit Gold subscription, a common ...

Bitcoin statistical analysis: historical technology trends (part 1 of 4)

How many people are currently using Bitcoin ? How fast is the Bitcoin network growing relative to other revolutionary technologies and top tech companies? Is Bitcoin a bubble? Is BTC overvalued or undervalued? Is Bitcoin dead? Or will it someday take over entire industries? Does Bitcoin have the ...

Bank Hackers Set up “Enormous Network” to Mine Bitcoin for Laundering Money

The stolen loot was converted into bitcoin at cryptocurrency exchanges in Russia and Ukraine, and later transferred to their wallets where they accumulated about 15,000 BTC, the Interior Ministry revealed. The gang leader used financial platforms in Gibraltar and the UK to load prepaid cards with ...

Cboe Responds To SEC Bitcoin ETF Concerns

Cryptocurrency exchange-traded products should be treated much the same way commodity-related ETPs are treated, according to Cboe Global Markets, responding to the SEC about its concerns on bitcoin -related ETFs. Cboe Global Markets, the parent company of ETF.com, is one of two U.S. ...

Somebody Paid $10 Million in Bitcoin for Gold Castings of Nelson Mandela's Hand

It's one of the more unusual deals in the art world. After more than a decade, an Alberta businessman has finally found a buyer for his prized collection of gold castings of Nelson Mandela's hand. The final price? Ten million dollars — in bitcoin . Attempts by Malcolm Duncan, formerly of South Africa, to sell ...

Reddit Drops Bitcoin Payment Option For 'Gold' Membership

Social media website Reddit is no longer accepting bitcoin as payment for its Reddit Gold membership program. On Friday, users began commenting in the /r/BTC subreddit that the only available payment methods for the service are credit cards and PayPal, whereas previously people were able to pay ...

Bitcoin plunges as social media cracks down on cryptocurrency ads

The ban on crypto ads are clearly taking a toll on bitcoin as well as other popular cryptocurrenies such as ethereum, litecoin and ripple. But is the selling overdone? There is a difference between bitcoin and sketchy ICOs from tiny companies. "There is no doubt that we are way oversold," said Naeem ...

Bitcoin Bull Mark Yusko Raising Capital for $500 Million Cryptoasset Hedge Fund

One of Bitcoin's biggest bulls is doubling down on his conviction that the future is bright for cryptoassets. Mark Yusko, founder and chief investment officer at Morgan Creek Capital, announced that the Chapel Hill, North Carolina-based firm is seeking to raise up to $500 million to start a new hedge fund ...

Com-Guard.com, Inc. Announces it has Implemented a Bitcoin Full Node Using the Raspberry Pi 3

ENCINITAS, CA, March 27, 2018 (GLOBE NEWSWIRE) -- Com-Guard.com, Inc. (CGUD.pk), the technology company that has been designing and developing security applications for over 15 years, has announced that it has implemented a Bitcoin Full Node on the Raspberry Pi Development Platforms ...

It's Too Late — Nothing Can Stop The Bitcoin Protocol

Ironically, also three years ago in 2014–15, when the Bitcoin price was tumbling down and all the rage in Wall Street was the magical “Blockchain technology”, this statement was made over and over again too. We are seeing it again today, this time not from the wall street types, but from the silicon ...

Small Towns Try to Tame the Bitcoin Boom

By some estimates, just one Bitcoin transaction devours 215 kilowatt-hours of electricity, enough to power a home for a week. To run their number-crunching hardware, Bitcoin miners have flocked to sites around the world that boast cheap energy—places like Iceland, a low-population nation with vast ...

CBOE Nudges SEC to Allow Bitcoin ETFs in New Letter

The first regulated US exchange to list bitcoin futures contracts has asked the Securities and Exchange Commission (SEC) to reconsider its hardline approach toward Bitcoin ETFs and other cryptocurrency-based exchange-traded products (ETPs). In a letter dated March 23, CBOE President Chris ...

Could bitcoin rocket back to $20000, or are they halcyon days over? Here's what the analysts say

Having fallen from more than $13,000 at the start of the year, Jordan Hiscott, chief trader at Ayondo Markets, said the "halcyon days" of 2017, when bitcoin climbed nearly 2,000 per cent, "seem long gone". "In my view, this could be the situation for at least six months," Hiscott said, basing his prediction on ...

Bitcoin's a Pretty Good Guide to Animal Spirits, It Turns Out

“The price of Bitcoin is worth watching,” Morgan Stanley analysts including Michael Wilson wrote in a report Monday. “While we do not expect this relationship to continue to hold so tightly we do think it will be hard for price-to-earnings to move significantly higher or lower without a commensurate move in ...

Can the Lightning Network Save Bitcoin, or Is It Already Too Late?

At the center of this rally is bitcoin , the world's most valuable token by market cap. Even though bitcoin rose by a more "pedestrian" 1,364% in 2017, the gain in value for its token since it began trading in 2010 is unparalleled. Between March 2010 and December 2017, bitcoin launched from $0.003 (less ...

Can the lightning network save bitcoin?

As detailed by CoinDesk, in order to use the lightning network, two parties would first set up a multisig wallet, which is a fancy way of saying a wallet that holds cryptocurrency (in this case bitcoin ) and requires more than one signature to complete a transaction. In other words, both parties would have to ...

Look Beyond Bitcoin, deVere CEO Tells Investors

In February, the app added Ripple (XRP) and Dash (DASH) to its platform, bringing to five the number of coins that users can buy, sell, transfer, store, and exchange in deVere Crypto. The other three are Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Green advised investors to diversify their digital ...

Bitcoin and Cryptocurrency Fever Hits Colorado's Luxury-Home Market

Bitcoin and other forms of cryptocurrency are ultra-trendy among investors, speculators and others who dream of making a quick fortune. But they're also becoming increasingly mainstream, especially among the super-rich, as illustrated by what appears to be a first for the luxury-home market in Aspen.

Want to know where stocks go next? Watch bitcoin

If you want to know where stocks might be headed next, keep an eye on bitcoin , says Morgan Stanley's Michael Wilson. “We continue to think the price of bitcoin is worth watching as another signal of animal spirits,” Wilson said in a note to clients published Monday. “Remarkably, since the peak in P/Es ...

Cboe encourages SEC to allow bitcoin ETFs

Cboe Global Markets, the first to launch bitcoin futures, would like the Securities and Exchange Commission to allow cryptocurrency exchange-traded funds. "Cboe encourages the Commission to approach Cryptocurrency ETPs [exchange-traded products] holistically and from the same perspective that ...

Bitcoin: Safe Haven Asset or Lead Indicator for S&P 500 Markets?

To start with, bitcoin bulls have been arguing since the early years that the cryptocurrency shares many of the characteristics of gold (a classic safe haven asset). For instance, many consider it a great store of value, given its limited supply of 21 million. Accordingly, the cryptocurrency is expected to put on ...

Crypto market-cap dips below $300 billion as Bitcoin nears long-term support

The total value of digital currencies fell below $300 billion overnight as more broad-based selling pushed some major digital currencies to multimonth lows. The No. 1 digital currency, bitcoin BTCUSD, +1.41% remains under $8,000, nearing long-term support, which will have the eye of many traders.

Lightning Network now has more active nodes than Bitcoin Cash

The Lightning Network might still be in its infancy stages, but it already has more active nodes running than Bitcoin Cash (BCH). Statistics show that the Lightning Network has taken a slight lead over BCH when it comes to the total number of nodes running on their networks. The data shows there are ...

Bitcoin Cash Price Struggles for Control of the $900 Level

As all cryptocurrency markets are suffering from immense bearish pressure, it only seems normal we will see some worrisome trends. For Bitcoin Cash price watchers, it seems the BCH value may drop below $900 again and stay there for a day or two. This comes at a worrisome time, considering the ...

Bitcoin Price Dips Below $8000, Wider Market Struggles to Hold Above $300 Billion

The Bitcoin price continued to trend down on Tuesday. The flagship cryptocurrency has spent the majority of the day hovering around the $8,000 mark, and while it has thus far resisted further downward pressure it is unclear whether this support level will hold. At the time of writing, the Bitcoin price was ...

Nelson Mandela's golden hand casts sell for $10m in bitcoin

Gold castings of the hands of South Africa's first black President Nelson Mandela have been sold for $10m (£7m) in bitcoin . Canadian crypto-currency exchange firm Arbitrade bought four casts from South African businessman Malcolm Duncan. The firm said it planned to launch a global "Golden Hands ...

Demand For Bitcoin in Venezuela Still Surging Amidst Economic Turmoil

Venezuela has always been a peculiar country when it comes to cryptocurrency. The locals have shown a big interest in Bitcoin and other cryptocurrencies over the years. It seems that demand will only continue to grow. This is despite the country having its own national cryptocurrency, known as the ...

Bitcoin price drops after Twitter bans cryptocurrency ads

Sure enough, Twitter's announcement has coincided with another Bitcoin price drop, though this one has been pretty minor in comparison. The digital token is worth $7950 (~£5625) at the time of publication. Ahead of the announcement it had been worth well over $8000. That said, Bitcoin's price is ...

Bitcoin Price Technical Analysis for 03/27/2018 – Bears Take the Upper Hand

Prior this, the mood in the industry has already been pretty somber since Japan has announced plans to shut down Binance in the country and South Korea echoed the same sentiments. Combined, this would mean lower volumes worldwide as both countries account for majority of bitcoin transactions.

Bitcoin Cash Protocol Development

Keep up with the latest Bitcoin Cash protocol developments.

Bitcoin Slides Again, But Brief Rally May Be On the Cards

The bears continued to be in the driver's seat on Monday, pushing bitcoin (BTC) below $8,000 and opening the doors for a re-test of recent lows near $7,300. The cryptocurrency found acceptance below the crucial support of $8,217 (prices as per Bitfinex) at 12:00 UTC yesterday, signaling the corrective ...

Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Down

Bitcoin cash price failed to hold the $950 support level and declined below $900 against the US Dollar. There are two key bearish trend lines forming with resistances at $940 and $960 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is under a lot of pressure and it is likely to ...

Bitcoin Slips Further on More Bad News, But 1 Expert Says Investors Are Reading It All Wrong

Word came down on Monday that Twitter is the latest platform to ban crypto advertising, and prices for Bitcoin and altcoins responded swiftly by dropping a bit further with the price of Bitcoin slipping below $8,000. While that's still way up from where prices were a year ago, it's also a big drop from the late ...

Child Porn On Bitcoin? Why This Doesn't Mean What You Think

Zamfir's poll, for instance, got 2,300 responses - only 15 percent said they'd stop running their bitcoin full node if child porn is encoded in the blockchain. And Princeton professor Arvind Narayanan tweeted that the mainstream media's response to the report was "unsurprisingly superficial," adding, "First, ...

CBOE Recommends That The SEC Allows Bitcoin Exchange-Traded-Funds

The exchange operator of CBOE Global Markets wrote a letter to the US Securities and Exchange Commission (SEC), recommending they not interfere in the development of a Bitcoin exchange-traded-fund (ETF) because they are similar to other commodity-based ETFs, March 23. ETFs are a type of ...

Bitcoin Bounces Back Above $8000 Level After Earlier Slump

The largest cryptocurrency rose as much as 4.8 percent and was trading at $8,193 at 8:59 a.m. in Hong Kong, reversing an overnight decline that took Bitcoin down to about $7,850 according to consolidated Bloomberg pricing. Rival coins Ripple, Ether and Litecoin also advanced. Bitcoin remains down ...

Andreas Antonopoulos: 4 Things Bitcoin Needs Plus a Hard Fork in 2018

Specifically, wallets that are secure, easy to use, intuitive, and which use the latest cutting-edge technology and are able to handle different types of fees and provide fee estimation are sorely needed. Antonopoulos makes an excellent argument that wallets are the “front end” of the Bitcoin industry and ...

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis ...

Though Bitcoin broke out of the descending channel on March 20, it could not cross above the 20-day EMA. Currently, prices are again threatening to dip back into the channel, which is a bearish development. Our long positions initiated at $8,800 are trading under a loss. As the setup looks negative, we ...

Desperate Man Dresses Up As Raccoon To Steal Bitcoins

Cyber-criminals attempting to con people out of their Bitcoin are getting more and more creative — but we've never seen anything like this: a would-be victim has convinced a Bitcoin scammer to paint his face like a raccoon and rifle through his neighbor's trash can. The pictures of their interaction and ...

Paxful's P2P Market Reaches $40 Million in Monthly Bitcoin Volume in Africa

With an estimated population of hundreds of millions of unbanked and underbanked people, Africa is a prime location for game changing financial technologies like bitcoin to take hold. A new report shows again that while not reaching the speculative online trading volume of Asia or the West, Africans ...

Bitcoin breaches US$8000 level as March slump accelerates

Bitcoin began the week on a down note, declining as much as 8.7 per cent, pushing the biggest cryptocurrency's decline for March to about 25 per cent. Bitcoin dropped below US$8,000 ($10,964) to US$7,863, according to Coindesk. Twitter Inc. confirmed Monday that it's banning advertisements for ...

Blockstream Unveils Nanotip LApp for Bitcoin Tipping

The Lightning Network is one of the biggest developments for Bitcoin as of right now. It finally addresses some of the lingering scaling issues, although there is still some work to be done. Blockstream recently introduced the Nanotip LApp, which makes tipping on the LN a possibility.

Bitcoin Drops Sub $8000 as Twitter Makes Crypto Ads Ban Official

Bitcoin evangelists and ICO projects that are created with the sole purpose of burning cash have frequently been the source of misinformation. Hyping up cryptocurrencies and creating pump and dump schemes via online social media like Twitter and Telegram has been one of the main strategies that ...

Nelson Mandela Golden Hands Collection Goes to Bitcoin Exchange

Nelson Mandela's hands were immortalized by how he changed the course of history, so maybe it's destiny that solid gold casts of his hands will go to a bitcoin buyer. Ontario-based cryptocurrency exchange The Board of Arbitrade is buying what's believed to be the last remaining set of gold artifacts ...

Bitcoin Crashes Below $8000 After Twitter Bans Cryptocurrency Ads

Last week, Bitcoin plunged on reports that the social media platform was considering a ban on cryptocurrency-related ads, falling near the $7,000 level. On Monday, Bitcoin fell 6.1% to $7,937.40, according to Coindesk, and had reached as high as $8,980.99 on Saturday. Ethereum tumbled 9%. Bitcoin ...

Bitcoin no longer option to pay for premium Reddit Gold subscription

Now with bitcoin below $8,000, it looks like it's fallen out of favor on the message board site. Though, as Cointelegraph first reported, it looks like the decision was based on cryptocurrency exchange Coindesk changing its terms of its merchant service Coindesk Commerce. To confirm this is the case we ...

Cryptocurrency Guru Sees Bitcoin Going Up to $400000

He is a top-ranking stock picker from 2008 to 2017 and became famous for being bullish on Bitcoin after having set a price target of $50,000 in 10 years time, in July 2017. Ronnie Moas is now back with a more ambitious forecast: “In my view, the genie is out of the bottle, and crypto assets will continue to ...

Japanese Regulator Crimps Bitcoin

Bitcoin , the largest digital currency, has frequently come under regulatory scrutiny in the U.S. Other major economies are also cracking down, including Japan. During Friday's Asian trading session, Japan's Financial Services Agency issued a warning directed at a major bitcoin exchange, sending prices ...

Bitcoin Today: Prices Tumble Below $8000 as Twitter Confirms Crypto Ad Ban

Bitcoin is still the top choice among digital assets, with 76% of the Millennials saying they would invest that $10,000 in bitcoin . Ethereum and litecoin were tied for second, each with 12% of Millennials saying the $10,000 would go there. Notably missing from the top choices was Ripple's XRP token, ...

Twitter, Backed by Bitcoin Fan Jack Dorsey, to Bar Some Cryptocurrency Ads Starting Tuesday

Twitter and Square CEO Jack Dorsey's belief in Bitcoin doesn't seem to extend to all crypto. At least for now. Joining Google parent company Alphabet and Facebook, Twitter revealed Monday its plans to ban some cryptocurrency-related ads in a bid to decrease fraud and deception on the site. Namely ...

Crypto Market In The Red, Bitcoin Falls Below $8000, Ethereum Dips Below $500

Monday, March 26: Cryptocurrency markets have accelerated the downward trend that started yesterday, and are currently in the red. Ethereum (ETH) dipped below the $500 level for the second time this month after reaching close to $600 on March 24. Bitcoin is below $8,000. Total market capitalization ...

Cboe urges US regulators to move forward with bitcoin ETFs

Such liquidity would easily support bitcoin ETFs or other exchange-traded products (ETPs), the exchange said. “As the volumes continue to grow, especially on regulated U.S. markets, the overall spot bitcoin market looks more and more like a traditional commodity market and Cboe continues to believe ...

Bitcoin Mining Triggers Backlash From Electric Utilities

A growing number of utility companies are trying to rein in the sale of electric power to bitcoin mining operations in the United States and Canada. Last week, utility regulators in Chelan County, Washington suspended applications for electric service from server farms focused on cryptocurrency mining ...

Cboe continues to push its case for a Bitcoin ETP

In an open letter to the Securities and Exchange Commission, Chris Concannon, president and COO of Cboe Global Markets, laid out a case for a bitcoin BTCUSD, -7.95% exchange-traded products, citing data and projections that it hopes will alleviate concerns regulators have with such a product.

Reddit Drops Bitcoin Support for “Gold” Purchases

The year 2018 has not been all that positive for Bitcoin just yet. With the Bitcoin price in a slow and steady decline, it is evident something will need to change. Moreover, early adopters of Bitcoin as a payment option are rethinking their decision. Reddit is the latest company to remove BTC as a payment ...

Why Buy Bitcoin At $8169.80?

Bitcoin is a scarce asset. You've probably heard this so many times it doesn't really register any more. But it's a fundamental reason why it is so interesting. Satoshi Nakamoto solved the problem of digital currency by creating one that's extremely hard to be spent twice (a problem that plagued previous ...

Bitcoin Drops Below $8K During Wider Crypto Market Slide

Bitcoin's price is back below $8,000, a move that comes amid a broader decline in the global cryptocurrency market. After opening at nearly $8,500, according to CoinDesk's Bitcoin Price Index (BPI), the price of the world's largest cryptocurrency by market capitalization had fallen more than $500 to ...

What Is Bitcoin Rhodium Cryptocurrency?

We have seen many different forms of Bitcoin in the past few months. Most of these coins are clones trying to capitalize on the Bitcoin brand. So far, only Bitcoin Cash has made any impact, although things are always subject to change. Whether or not Bitcoin Rhodium will be worth keeping an eye on ...

Bitcoin Is Dead

Bitcoin is dead – or so we have been told over and over again. It has been killed off innumerable times in its short life, which began in January 2009 – less than a decade ago – when it was released as open-source software by the mysterious and still unknown Satoshi Nakamoto. As early as 2010 Tim ...

HBO's Silicon Valley Gives Nod to Bitcoin in Opening Title Intro

It's about time the network gave bitcoin a cameo in its tech-fueled hit comedy series. Silicon Valley, which is a show that is roughly based on co-creator Mike Judge's time in the Valley during the eighties, added the logo of US- bitcoin exchange Coinbase to the intro, which seems to have a Jetsons vibe ...

Crimean Government Employees Fined for Mining Bitcoins at Work

Two former employees of Crimea's Council of Ministers have been fined 30,000 rubles ($525) each for mining bitcoins on the Council's computer network, Russian media outlets reported Monday. As previously reported by CoinDesk, the unidentified workers were fired in late September 2017. Mining is ...

Bitcoin falls 7% to below $8000 after Twitter announces ban on cryptocurrency ads

Bitcoin fell roughly 7 percent Monday, below $8,000 following weeks of regulatory uncertainty and advertising crackdowns by tech companies. The cryptocurrency was trading near $7,911 as of 1:18 p.m. ET Monday, more than $500 lower than a day earlier, according to data from Coinbase. It's down ...

Edward Snowden Is Concerned About Bitcoin's Transparency

There are many reasons why so many people are showing an interest in Bitcoin these days. For the majority of holders, they simply hope to become rich without much effort in the months and years to come. Edward Snowden, on the other hand, is concerned about Bitcoin for many reasons. In particular ...

Bitcoin Price Falls On Reports Of Twitter Banning Cryptocurrency Ads

The price of a single bitcoin fell Monday morning after reports circulated that social media platform Twitter Inc. (TWTR) will ban cryptocurrency ads. At 10:32 UTC this morning, bitcoin's price was $8,316.45. By 12:12 UTC, it had crashed to $8,049.63. Cryptocurrency markets reacted similarly to the news, ...

Keep an Eye Out for Bitcoin's 'Death Cross'

Bitcoin prices exploded in 2017. The cryptocurrency began the year near $1,000 and hit a high around $20,000 in December. For the investors that caught a bulk of that ride, those one-year returns are enough to be a serious game-changer for the entire life of their portfolio. It's not just bitcoin prices ...

Cboe Prods SEC on Bitcoin ETF Approval in New Letter

A senior executive for Cboe Global Markets believes that the market could support the launch of a bitcoin exchange-traded product (ETP), according to a new letter sent to the U.S. Securities and Exchange Commission. Chris Concannon, the firm's president, didn't directly push the agency to approve ...

Bitcoin Private Foundation Announces Research Grants for Cybersecurity and Cryptography Projects

In a recent announcement, the Bitcoin Private (BTCP) Foundation stated that it would award a series of $150,000 grants to research projects that cover a number of topics, including cybersecurity and cryptography. It is looking to sponsor projects that last anywhere from three months to a year, with the ...

Solid Gold Casts of Nelson Mandela's Hands Sell for $10 Million in Bitcoin

It's one of the more unusual deals in the art world. After more than a decade, an Alberta businessman has finally found a buyer for his prized collection of gold castings of Nelson Mandela's hand. The final price? Ten million dollars -- in bitcoin . Attempts by Malcolm Duncan, formerly of South Africa, to sell ...

Beyond Bitcoin: Evolving Blockchain Use Cases

Most blockchain experience has been with first ( Bitcoin ) and second (Ethereum) generation cryptocurrencies. In crypto production environments, computational systems are decommissioned after one or two years since the applications are so resource-intensive that components fail quicker than the ...

Here Is Bitcoin's Biggest Flaw: Edward Snowden Shares His Thoughts

Bitcoin's public blockchain may be its biggest flaw. This is according to Edward Snowden, the infamous US whistle-blower. While everyone is concerned about the transactional limits of Bitcoin , very few give thought to the implications of its public ledger in regard to privacy.

The fact that Bitcoin's blockchain had illicit images was well known, and the liability dangers of ...

Facebook took out full-page ads, signed by Mark Zuckerberg, in several major US and UK newspapers on Sunday to apologize for Cambridge Analytica data leak — Facebook boss Mark Zuckerberg has taken out full-page adverts in several UK and US Sunday newspapers to apologise for the firm's ...

Dutch Court Recognizes Bitcoin as Authentic Transfer of Value

In a hallmark case for the cryptocurrency, a Dutch court has ruled in favor of a man suing a private company for 0.591 BTC owed to him. The decision represents far more than the fractional amount of bitcoin in question, but an overall acknowledgment of the digital currency as a legitimate store and ...

Bitcoin is Gaining Legitimacy in Europe as Dutch Court Deems it Transferable Value

Earlier this week, a Dutch court described bitcoin as a transferable value during a case that requested Koinz Trading BV to pay mining proceeds worth $5,000, or 0.591. The court explicitly stated that property rights apply to bitcoin , given that as a cryptocurrency, it is able to transfer value in a peer-to-peer ...

Collector Courts Bitcoin Millionaires for Record-Setting Baseball Card Auction

Cryptocurrency proponents and skeptics alike have compared the nascent asset class to digital baseball cards, so it makes sense that the world's highest-grossing baseball card auction will accept Bitcoin as payment. The seller is Evan Mathis, a former lineman who played 13 seasons in the National ...

Reddit No Longer Accepts Bitcoin Payments

The Bitcoin option no longer appears on the payment box. Reddit user emoney04 explained: “The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option. We're going to take ...

Bitcoin approaches $8 000 level as March slump accelerates

Bitcoin began the week on a down note, declining as much as 6.8%, pushing the biggest cryptocurrency's decline for March to about 23%. After reaching a record high of almost $20,000 in December, Bitcoin has slumped about 60% as investors reconsider the prospects of the digital currency and ...

Israel Officially Declares Bitcoin Is Not a Security

Israel Securities Authority (ISA) Committee for the Examination and Regulation of Initial Coin Offerings (ICOs) issued a series of “recommendations designed to dispel uncertainty and strike a balance between technological innovation and the protection of the investors.” Included in their findings were ...

Waiting Game? Why Coinbase Won't Add New Cryptos Anytime Soon

Then, shortly after adding support for the coin, Coinbase suddenly disabled trading of bitcoin cash, eventually announcing that massive buy demand had caused insufficient liquidity. As Coinbase worked to reinstate trading, bitcoin cash hit all-time-highs, and some pointed to insider trading, which the ...

How Paxful is Improving Financial Empowerment With Bitcoin in Underbanked Regions

Paxful, a bitcoin marketplace, is carrying out similar operations as remittance providers, in that it process small and large payments in bitcoin . According to the Paxful team, a major portion of the daily volume of Paxful derives from small transactions worth $2 to $20, that are difficult to process with local ...

Bitcoin slides after week of record-low volatility

Cryptocurrency prices were sharply lower Monday with the No. 1 digital currency trading to its lowest level is more than a week. A single bitcoin BTCUSD, -5.63% last traded at $8,044.11, down 4.8% on the day, and well off its overnight high of $8,489.61. Monday's intraday low of $8,031.59 is the lowest ...

Should You Have Bitcoin In Your IRA?

For those contemplating retirement -- who isn't these days -- the idea of a fast-appreciating investment might be music to your ears. But should you have Bitcoin or other cryptocurrencies in your Individual Retirement Account (IRA)? After all, what's not to like since Bitcoin gained some 1,200% last year?

In bitcoin work world, job benefits like pay and retirement get a rethink

In fact, Beaudry spent most of his career working for a big U.S. bank, but now the financial services legal counsel is taking a small portion of his regular weekly pay in bitcoin . He has been socking it away in what amounts to a self-directed individual bitcoin IRA. "I generally don't have a firm grasp of ...

Bitcoin Price Dips, but Expert Predicts $30000 This Year

Bitcoin has been on a gradual decline, but one expert sees it as the calm before a huge rally. The world's largest cryptocurrency dropped to reach close to the $8,000 mark for one token on Monday, around three months after it enjoyed peaks of over $17,000 and following a series of ad rule changes from ...

Mining electricity: Montana bitcoin miners footing big bills

They're attracted first by the heady spike of bitcoin in December, when the value of one digital token reached nearly $20,000. Since then it has plummeted below $6,000, rebounded to around $10,000 and appears to be settling — to the extent it ever settles — at between $8,000 and $9,000.

An exchange giant lays out its defense of a bitcoin product that could transform the cryptocurrency

The exchange behind one of the two markets for bitcoin futures in the US is trying to mollify regulators' concerns about an exchange-traded product tied to the cryptocurrency. In a letter to the Securities and Exchange Commission out Monday, Cboe Global Markets president Chris Concannon addressed ...

Bitcoin Still Has the Power to Shock the World. Will It?

Fundamentals? There is no quantifiable fair value. Astute technical analysis? Unnecessary in a rocket ship market. Could bitcoin still shock the world? Under attack again, bitcoin , for the time being, has maintained the $7,400 valuation. One bitcoin , most agree, isn't worth $20,000, $10,000 or even ...

Crypto Community Fears Passage of the CLOUD Act

The Clarifying Lawful Overseas Use of Data (CLOUD) Act just passed – almost in secret – tucked deep inside a voluminous spending package of well over a trillion dollars. No debate. No up or down vote on the merits of CLOUD. Instead, lawmakers would have had to reject the entire bill, thousands of ...

Bitcoin and Ethereum Price Forecast – BTC Prices Consolidate

The BTC prices have been consolidating and ranging as we head towards the end of the month. We had mentioned in a couple of forecasts over the last few weeks that the crypto prices had a similar fall in the same period of last year and the great bullish run in the BTC prices began only after this period ...

Bitcoin Struggles Early, the Bitcoin Bears Looking to Take Control

It was a bad weekend for Bitcoin , with Saturday's 4.22% slide being followed up by a 5.18% fall on Sunday, to end the weekend at $8,456.41. The Bitcoin Bulls failed to take control over the weekend, with Bitcoin now having failed to close out the day at $9,000 levels for 12-consecutive days. An intraday ...

Reddit Removes Bitcoin Option From Reddit Gold

There are reports that Reddit will no longer allow its users to pay for their premium membership program, Reddit Gold, with bitcoin . According to Coin Telegraph, an “upcoming Coinbase change” was cited in a March 23 Reddit post as the reason for the site's reversal. And a Reddit user posted a video ...

Trapped Below $9K, Bitcoin Risks Downside Break

Bitcoin (BTC) has been trading sideways in a narrow range over the last week, but a drop toward $8,000 may be on the way, the technical studies indicate. As of writing, BTC is changing hands at $8,346 on Bitfinex. Meanwhile, CoinDesk's Bitcoin Price Index (BPI), which represents the average of BTC ...

Bitcoin price: Ripple founder says THIS is what is needed to make cryptocurrency a SUCCESS

“So one of the things that we are doing at Stellar is distributing the underlying asset, the underlying coin, very widely. “And I think that's kind of a key thing to actually make these things successful.” Bitcoin saw a “surge” over the past week after what has been a tumultuous month for the digital asset.

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Transactions contained within bitcoin block 515051.

Bitcoin price LIVE: Research points to Bitcoin Cash rise while Ethereum could 'plummet'

Co-founder Ray Youssef said: "Africans are converting their savings into crypto to preserve their wealth from hyperinflation. Nigeria's fiat currency, Naira, has lost 90 percent of its value when compared to the USD and EUR in the past two years alone. Meanwhile, bitcoin rose over 1,000 percent in 2017.

Belarus Adopts Crypto Accounting Standard

Days before legalizing crypto activities, Belarus has adopted a new accounting standard that deals with cryptocurrencies. It classifies digital tokens according to their acquisition and intended use. The document defines the information companies will be required to share with authorities. The presidential ...

Sorry Jack, Bitcoin will not become the global currency

In their model, Digiconomist estimate that operational costs are roughly 60 per cent of Bitcoin mining revenues. Because mining is competitive, the incentive is to throw electricity and processing power at it so long as the economics make sense. By 2028, the mining reward of 3.13 Bitcoins will total $32m ...

LDJ Capital's David Drake: 'Bitcoin Will be Worth $30K at the Year End'

LDJ Capital founder and chairman David Drake went on record, saying that “ Bitcoin will be worth $30,000 at the year end.” After a “cold winter” for cryptocurrencies, the noted investor says that 2018 will shape up as a refining one for the field.

Bitcoin news: China powers ahead with BLOCKCHAIN technology as rest of the world trails

Patent applications for blockchain, which includes the distribution of cryptocurrencies such as bitcoin and ripple, trebled in 2017 as digital currencies like bitcoin hit record highs. China filed 225 of the blockchain patents in 2017, which was a significant increase from the 59 in the previous year. The US ...

Bitcoin Price Technical Analysis for 03/26/2018 – Bears Make Another Push

In that case, bitcoin price might break below the neckline at $8,400 and drop by $600 or the same height as the chart pattern. If it holds as support, price could make another top. Stochastic is pulling up from overbought levels to show that buying pressure is returning. A bit of bullish divergence can be ...

Bitcoin Plus price: Cryptocurrency boost with value 1.6 per cent HIGHER this week

The cryptocurrency has a total market capitalisation of $4.52million (£3.19million) and around $214,363.00 (£151,340) worth of Bitcoin Plus was traded on the exchanges in the last day. Meanwhile Bitcoin Diamond (BCD) traded up 0.2 per cent against the dollar and now trades at $2.77 (£1.96) or ...

Cryptocurrencies: Bitcoin Is Still Holding On

2018 continues to be a tough one for cryptocurrencies. Those who piled into the world's riskiest assets in those heady December days when bitcoin appeared to be going to the moon might well be regretting their choices. Bitcoin , in all fairness, has held up pretty well at around $8,500 recently, giving it a ...

Edward Snowden's Big Problem With Bitcoin Is Privacy, Not Scalability

Bitcoin was once lauded as the most anonymous way to pay for anything on the internet–it was the currency-of-choice on the infamous Silk Road network, and has been criticised as a tool for money-laundering and funding terrorists. However, Bitcoins are much more traceable than many people would ...

Bitcoin Cash, Litecoin and Ripple Daily Analysis – 26/03/18

Bitcoin Cash managed to avoid a loss on Sunday, in spite of Bitcoin sliding into the red, gaining just 0.02% to end the day at $970.8. In stark contrast to previous weekends, Bitcoin Cash moved through a relatively tight range on Sunday, with an intraday high $992.1 and low $960 seeing Bitcoin Cash ...

Australia's Pro-Crypto Stance Continues as Politicians Invest in Bitcoin

From the other side of the aisle, Labor MP Bart Mellish also declared a Bitcoin account among his assets in the registry. While former independent candidate Rob Pyne who served one year as a representative from Cairns has now turned his efforts toward full-time cryptocurrency trading, labeling himself ...

Bitcoin futures watchdog sees budget cuts as SEC increases funding

The CFTC has been a cryptocurrency proponent on Capitol Hill and this year made several appearances before congressional committees, touting the future of cryptocurrencies. The organization had granted approval in December 2017 to two companies looking to offer Bitcoin futures markets provided ...

Cryptocurrency Market Slump Extends as Bitcoin Remains Below $8500

Since March 25, both Ethereum and bitcoin have struggled to record any major gains or losses. The price of bitcoin declined slightly from $8,580 to $8,490, by just over 1 percent. Over the past 24 hours, bitcoin's daily trading volume has been $4.5 billion, which is three times larger than that of Ethereum.

Bitcoin Cash Price Technical Analysis – BCH/USD Holding Key Support

Bitcoin cash price is trading in a bearish zone above the $960 support against the US Dollar. There is a major bearish trend line forming with resistance near $990 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains at a risk of more losses if it fails to hold the $950-960 ...

Misleading Cryptocurrency ”Partnership” Announcements Are Getting Ridiculous

Partnership announcements have long been a tool for pumping altcoins and shilling ICOs. In fact, promoters are now interpreting the term so broadly that if they are using Word to write a whitepaper or Gmail to handle communications they might as well claim to be partners of Google and Microsoft.

These Cryptic Artworks Hide a Bitcoin Fortune - All You Have to Do Is Decode Them