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Bitcoin Cash Demand Shocked Us, Says Circle Trading Chief

The pace at which bitcoin cash – the cryptocurrency that forked off the main bitcoin blockchain earlier this year – gained trading volume was “shocking,” according to Circle’s head of trading. Speaking during a panel at CoinDesk’s Consensus: Invest event in New York, Circle’s Dan Matuszewski noted that the startup – which operates a trading […]

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SpaceX Intern Claims Founder Elon Musk Created Bitcoin

The crypto-sphere has been awash recently with stories claiming that the creator of Bitcoin is none other than SpaceX founder and Tesla CEO Elon Musk. Nobody really knows the true identity of Bitcoin’s father other than the pseudonym Satoshi Nakamoto and its elusive connotations. Interest has surged in the cryptocurrency which is currently teetering on breaking the […]

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Bitcoin Guns for $10,000 as Cryptocurrency Mania Defies Skeptics

This year’s 10-fold increase adds to 120% gain in 2016 Institutional investors seen entering: Gatecoin’s Glucksmann Bitcoin blew past $9,700 just a week after topping $8,000 and approached its closest ever to five figures, gaining mainstream market attention as it defies bubble warnings. The biggest price jump since August consolidated during Japanese trading hours and […]

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Cryptocurrency Will Get Wider Adoption, Says US Global Investors CEO

Though it is difficult to predict which cryptocurrency will succeed or fail in the future, the market in general may get adopted at a large scale the same as the internet, believes US Global Investors CEO Frank Holmes. As Bitcoin scales new heights and the cryptocurrency market reaches new thresholds, it is difficult to forecast […]

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South Korean Police Bust $38 Million Bitcoin Ponzi Scam

Seven individuals in the South Korean province of Jeonbuk have been arrested for running a large-scale $38 million scam, alluring middle-aged investors into a ponzi scheme. The group targeted new investors in the cryptocurrency market that had no underlying knowledge or understanding of bitcoin or other cryptocurrencies. It promised investors to pay out 180 percent […]

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Bitcoins worth $100K stolen over public wireless network

VIENNA — Austrian police say cyber thieves transferred Bitcoins worth more than 100,000 euros, or $117,000, from a man’s account while he was logged in on a restaurant’s public wireless network. A police statement Wednesday says the Bitcoins were moved to an “unknown, non-traceable account” after the unidentified 36-year old logged in southeast of the city […]

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This Gold Fund Is Joining the Bitcoin Frenzy

Bitcoin ‘explicitly designed to be digital gold’: fund manager It’s about bringing ‘disciplined money into the modern world’ The Old Mutual Gold & Silver Fund, which manages $220 million of mostly precious metal equities, is jumping on the bitcoin wagon. The fund started buying in April with a mandate to allocate as much as 5 […]

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Should you mine Ethereum instead of bitcoin?

Of the two most popular cryptocurrencies, have you wondered whether you should mine Ethereum or bitcoin? You most probably have, and I suggest mining bitcoin over Ethereum, and here are three reasons before my verdict. Mining difficulty Now let’s look at how much money you can make in a month and year by mining either […]

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Bitstamp To Launch Bitcoin Cash Trading

Bitstamp, one of the oldest cryptocurrency exchanges, announced it will launch trading of Bitcoin Cash, a new currency that many Bitcoin supporters view as a rival. “We get requests from our users who want to trade it,” said Bitstamp CEO Nejc Kodric. “We want to be as agnostic as possible so we look at the system, […]

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JPMorgan flips on cryptocurrency, partners with new bitcoin product

Jamie Dimon’s skeptical view of cryptocurrency is well documented. The J.P. Morgan Chase & Co. (NYSE: JPM) chief executive has not only called it a fraud, but also said that if any of his traders bought or sold bitcoin, he would “fire them in a second.” That no longer seems to be the case. J.P. Morgan is […]

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