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This Family Bet It All On Bitcoin

Didi Taihuttu, his wife, three kids and their cat bet all they have on bitcoin. The Dutch family of five is in the process of selling pretty much everything they own — from their 2,500-square-foot house, to their shoes – and trading it in for the popular cryptocurrency. They have moved to a campsite in […]

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Banxico Chief: “Bitcoin Should Be Treated Like A Commodity”

The governor of the Bank of Mexico believes bitcoin and other digital currencies should be classified as commodities, not currencies, echoing the conclusion of the US Commodity Futures Trading Commission, which decreed in 2015 that cryptocurrencies would be treated like commodities. The comments, made by Banxico Gov. Augustin Carstens during a lecture at Mexican technical university ITAM, […]

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It took about 24 hours for Jamie Dimon to break a bitcoin vow

This may be one of the shortest vows J.P. Morgan Chase & Co.’s CEO has ever made. A little over a day since saying he wouldn’t talk about bitcoin, a popular digital currency, which he has declared “a fraud,” Jamie Dimon was back at it again on Friday.

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Forget Bitcoin, Buy Ether

SummaryBitcoin is making headlines again, since it just smashed through its $5000 barrier onto $6000.I’ll tell you why Bitcoin jumped, and why it’s temporary.You should be looking at Ether instead of Bitcoin right now.I walk you through what the Ethereum network is, and why it’s a better idea than Bitcoin in the long term.Bitcoin (BTC) just […]

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These charts show how quickly bitcoin is growing

Bitcoin has climbed from below $1,000 this year to a record above $5,800, showing how quickly investor interest in the digital currency has increased.The number of digital currency storage “wallets” from Blockchain.info has nearly doubled from last year, while the lack of a selloff in other digital currencies indicates that new money is flowing into bitcoin.That […]

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Bitcoin Rises Too High, Too Quickly

SummaryBitcoin broke its all-time high again.At the moment, Bitcoin price is supported by an inflow of investors and traders, not by users of the payment infrastructure.Bankers and politicians are not wrong to be warning about cryptocurrencies.People investing in Bitcoin should expect more volatility to come.Bitcoin (COIN) (OTCQX:GBTC) prices are fluctuating wildly again. Over the course […]

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Here’s Another Reason Why Bitcoin Could Soon Hit $6,000

It took less than a month for bitcoin investors to shake off China’s cryptocurrency crack down and Wall Street naysayers. On Friday, the price of bitcoin jumped within striking distance of $6,000 as optimism surrounding the cryptocurrency reignited thanks in part to traders using the Japanese yen.That comes after the price of bitcoin shot as […]

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