Items tagged with btc
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, it has since made a rally to its current valuation of around $11,200 according to CoinDesk. It appears that fears of stiffer regulations and an overinflated valuation are starting to subside, which is breathing some new life into Bitcoin. However, Vitalik Buterin, the mastermind behind Ethereum, warns that investors could still stand to lose bigtime with cryptocurrencies. "Cryptocurrencies...
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 steadily declining ever since, and now less a month later, Bitcoin is trading for around $9,300. If you are new to cryptocurrency investing, you might be wondering what the flip is going on. Welcome to a volatile market. That's the short explanation, anyway. Investing in cryptocurrency will test your health, because you need to be able and stomach the wild ups and downs, especially when...
Read more...
When it comes to today's cryptocurrencies, it sometimes seems although we're operating in the Wild Wild West. Such is the case today with NiceHash, which is a cryptocurrency mining marketplace. Apparently, NiceHash's payment system was compromised and unfortunately, its Bitcoin wallet was raided. NiceHash would only go so far as to state that it is "working to verify the precise number of BTC taken." However, according to NiceHash users attempting to track down the stolen loot, a wallet address was found with a total of 4,736.42 BTC. Given that Bitcoin is currently trading at over $13,000, that put the value of this heist in excess of $62 million. Yes, you heard that currently; Bitcoin jumped...
Read more...
Every few weeks we talk about Bitcoin hitting another record high, and today is no different. Earlier this month, Bitcoin hit a new high of $7,500, sending its market cap soaring above $120 billion. But things got a bit interesting when the scheduled SegWit2x hard fork, which was set to take place this month, was abruptly canceled last week. A number of community leaders and cryptocurrency miners withdrew their support for SegWit2x, which put the fork in limbo. However, a small group of miners have decided to ahead with the fork anyway, which is now set to take place today. With this uncertainty, a few cryptocurrency exchanges -- including CoinBase and GDAX -- have taken the added measure of...
Read more...
It was just a few weeks ago when we were last talking about the massive gains that Bitcoin has made during 2017. Today, Bitcoin is still shooting skyward, sitting pretty at a record $7,555, despite China's apprehension towards the cryptocurrency “gold standard”. The $7,555 figure is nearly $1,500 higher than our previous article on October 21st. That means that Bitcoin is currently sitting pretty with a market cap of roughly $125 billion. For comparison, second place Ethereum has a market cap of “just” $28 billion. It was just a few months ago when everyone thought that Ethereum was going to eclipse Bitcoin in market cap, but at this point, we don’t see that happening anytime soon. Despite some...
Read more...
Bitcoin has been on an enviable winning streak this year, and reached a new intraday high earlier today. Bitcoin hit a record high of $6,183.98 at around 10:30 AM EST this morning, which comes just after the cryptocurrency pushed through the $6,000 barrier on Friday. Currently, Bitcoin is trading at around $6,080, giving it a market cap of just over $100 billion. This is a meteoric rise from the start of the year, when Bitcoin was trading at just $968. Not even negative commentary from some in the financial industry has been enough to dull the luster of Bitcoin. JPMorgan Chase CEO Jamie Dimon declared back in September that Bitcoin is "just not a real thing" and that it would eventually be shut...
Read more...
Just a day after JPMorgan Chase CEO Jamie Dimon unleashed a fury of attacks on Bitcoin (and cryptocurrencies in general), another salvo is incoming. It was reported last week by Caixin that China was contemplating shutting down cryptocurrency exchange trading, and further confirmation of that order arrived today. The news sent Bitcoin into another tailspin, extending its losses for a fifth straight day, its longest losing streak in over a year. BTC China, the second largest exchange in China, announced that as to today, it will no longer accept new user registrations. It also announced that the exchange will halt all trading effective September 30th, 2017. 1/ After carefully considering the announcement...
Read more...
There is a cryptocurrency war brewing in Bitcoin land. On Tuesday, Bitcoin forked, leaving us with the original Bitcoin (BTC) and Bitcoin Cash (BCH). During its first week of trading, Bitcoin Cash has been on a wild rollercoaster ride when it comes its valuation. On Wednesday, just one day after its trading debut, Bitcoin Cash was riding high with a price of $756 (at its intra-day high). However, the past few days have seen Bitcoin Cash tumble, falling to just $289 today in afternoon trading. This is hovering near an all-time low for the cryptocurrency. Bitcoin Cash has also been rocked by the fact that while it has the same mining difficulty of Bitcoin, it has a fraction of the hash power resulting...
Read more...
