Items tagged with bitcoin

Apple Co-Founder Steve Wozniak recently revealed that he had seven bitcoins stolen from him in an old school scam that has been around as long as credit cards. Those coins are now valued at roughly $70,000 and change. He wasn't duped by one of the many cryptocurrency scams out there, like those that pretend to be from... Read more...
Bitcoin is on the upward swing of its current rollercoaster ride, rebounding above $11,000 -- a price that it hasn't seen since January. After soaring to nearly $20,000 in December, the cryptocurrency has crashed hard in the past two months. At one point earlier this month, Bitcoin was trading below $7,000. However... Read more...
Atari has just announced something that will surprise all the gamers out there who grew up on its consoles and games. The company made a big unveil today and while it's not a new console or game, Atari will actually be minting its own new type of cryptocurrency. The new altcoin type will be called "Atari Token" and... Read more...
The effect that cryptocurrency mining has had on the graphics card market has been so extreme, very few people could have predicted it. GPUs that were as easy to purchase as a gallon of milk became as hard to find as the hottest deal at Best Buy on Black Friday. In addition to the rarity, inflated pricing has been... Read more...
The Federal Communications Commission (FCC) has ordered a resident in Brooklyn, New York to cease his Bitcoin mining operation after it was discovered that the hardware he was using to mine Bitcoin was causing interference with 4G LTE signals on T-Mobile's wireless network. If that is truly the case, this incident... Read more...
In the span of a few short years, cryptocurrency mining went from being virtually unknown to making making waves in the tech community. While mining may not have caught on with mainstream audiences yet, the entire market has been affected by the new-age gold digging. GPU prices are particularly affected, with many... Read more...
If you're well-seasoned internet user, surely you have seen scams over the years that revolved around a Nigerian prince who needs your help to move money out of the country. We all know that it is a scam, yet for a long time, people have fallen for it. That Nigerian Prince scam is now back and has a new twist while... Read more...
When AMD announced its earnings last week, the company made it a point to indicate that it would boost capacity in order to address the GPU supply strain caused by booming cryptocurrency mining demand. Yesterday, it was NVIDIA's turn to release earnings -- which it knocked out of the park, by the way -- and it too is... Read more...
It looks as though it isn't just the Dow Jones that is having a crappy day in the financial world. Bitcoin, which was trading at close to $20,000 in late 2017, has come crashing down to earth in the past few weeks. Just last week, there panic coursed through the market which caused the cryptocurrency to drop below... Read more...
Back in mid-December, Bitcoin peaked with a value of over $19,000 per coin. Then just a few days later, it dropped to below $14,000. After that it went back up a little bit, then fell to below $13,000 by the end of the month. In the first week of January, Bitcoin's value was back up to over $17,000. It has been... Read more...
If you need any more evidence that cryptocurrency mining is hitting primetime, look no further than this latest report that Samsung is looking into get in on the action. Samsung is reportedly producing application-specific integrated circuits (ASICs) for Chinese customers that will be use for Bitcoin mining. The... Read more...
The side effects of the recent price gouging on GPUs from AMD and NVIDIA is now filtering down to sites that use affiliate links to generate additional revenue. One retailer in particular, Newegg, is cutting off the Video Card category for affiliate linking. Newegg attributes this change in policy to the fact that... Read more...
Hey cryptocurrency investors, are we having fun yet? Indeed, it was all smiles and laughter when Bitcoin, the most popular digital coin out there, skyrocketed in value and topped $17,000 just last week. But like every thrill ride, it is the inevitable steep downward slopes that incite both panic and excitement. And so... Read more...
It helps to have nerves of steel when investing in cryptocurrencies, especially Bitcoin, which has seen some wild fluctuations over the year. Earlier this morning, for example, Bitcoin's value dived below the $12,000 mark, dropping 17 percent to a six-week low of $11,182.71. This recent slide comes after skyrocketing... Read more...
After witnessing Bitcoin's explosive growth, everyone and their uncle is now getting into cryptocurrency mining, some for extra money and others in hopes of striking it rich. There are now more than a thousand cryptocurrencies out there. With new miners now showing up in droves (and existing ones expanding their... Read more...
Bitcoin's value dropped to below $13,000 earlier today, sliding around 14 percent after South Korea's government announced plans to ban cryptocurrency trading altogether. While perhaps a knee-jerk reaction and a temporary blip in the long run, there is cause for some concern, as South Korea is a major global hub for... Read more...
To say bitcoin is volatile would be an understatement. It seems to either be surging or crashing with little signs of overall stability. This is the reason that Valve recently stopped accepting bitcoin as a method of payment. Last week was a rough one for those into bitcoin, as the cryptocurrency took a beating with... Read more...
With the price of Bitcoin and other cryptocurrencies booming, everyone is looking to make some money off the craze. One of the biggest players that is looking to get into the cryptocurrency craze is Goldman Sachs Group Inc. Word is that the company is looking to set up a trading desk for digital currency like Bitcoin... Read more...
Will the Bitcoin bubble ever burst? If so, when? Those are the questions that continue to elude investors and analysts alike, as each time Bitcoin's value rises to a new high, it seems like the end is in sight. But instead of ramming into an invisible ceiling and crashing down, it just keeps going up. To wit... Read more...
Valve's love affair with Bitcoin is going through a rough patch even though the cryptocurrency was trading at $10,000 in late September and even higher today. Valve announced that as of December 6 it had decided to stop supporting Bitcoin as a payment method for games on its Steam platform. The specific reasons that... Read more...
All eyes are on Bitcoin these days, mainly because of its meteoric rise in valuation. Just a day ago, with Bitcoin's price easily surpassing the $10,000 threshold and hopefully bullying its way into mainstream acceptance, there were reports that Nasdaq, Inc. would launch Bitcoin futures during the first half of next... Read more...
Christmas is coming early for long-term investors in Bitcoin. The red-hot cryptocurrency has skyrocketed during 2017, most recently crossing the $9,000 threshold on Sunday. At the time, we opined that Bitcoin could be well on its way toward hitting $10,000 by the end of the year. Well, we barely made it 48 hours and... Read more...
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