Bitcoin and other cryptocurrencies are plunging again

Bitcoin and other cryptocurrencies are plunging again

Cryptocurrencies haven’t been spared from the selloff in global markets this week. And today in Asian trade, another crypto bloodbath is taking place as regional stock markets steady the ship. A short time ago, Bitcoin had slumped below $US3,400 on Binance — one of the world’s three largest exchanges by volume: Bitcoin weekly chart Markets…

Bitcoin trading uses so much power that it could push global temperatures up past a threshold that yields deadly consequences

Bitcoin trading uses so much power that it could push global temperatures up past a threshold that yields deadly consequences

The cryptocurrency bitcoin has been touted by its proponents as a way to help solve our most pressing problems, from homelessness and human trafficking to cancer and the global financial crisis. Bitcoin’s ability to reduce fraud and security risk has made it one of the most transparent digital currencies on the market. Many see this…

Bitcoin slides below $8,000 after the SEC rejects the Winklevoss twins’ bitcoin fund

Bitcoin slides below $8,000 after the SEC rejects the Winklevoss twins’ bitcoin fund

Bitcoin continued to slide Friday morning after the Securities and Exchange Commission for a second time rejected a proposal by Cameron and Tyler Winklevoss to list an exchange-traded fund tied to the cryptocurrency. At 8:56 a.m. ET, the red-hot coin was trading down 1.35% at $7,840. It has shed hundred of dollars since news broke…

Bitcoin is getting smoked as the crypto market eyes its lowest level of the year

Bitcoin is getting smoked as the crypto market eyes its lowest level of the year

Markets Insider Bitcoin was eyeing its lowest level of the year Friday morning, according to Markets Insider data.  The coin, which soared close to $20,000 at the end of 2017, was trading down 8.6% at $6,144 as all of the major cryptos were under pressure. Ethereum was trading down 11% at $467 a token while…

Bitcoin is at a 2-month low after South Korean exchange Coinrail was hacked

Bitcoin is at a 2-month low after South Korean exchange Coinrail was hacked

SEOUL (Reuters) – South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, prompting an extended sell-off of bitcoin to a 2-month low amid growing concerns about security at small- to mid-sized virtual currency exchanges. In a statement on its website on Monday, Coinrail said its system was under „cyber intrusion,” causing a…

The founder of bust bitcoin exchange Mt Gox took questions on Tether, the future of crypto, and losing 35kgs in prison — here are 6 things we learned

The founder of bust bitcoin exchange Mt Gox took questions on Tether, the future of crypto, and losing 35kgs in prison — here are 6 things we learned

Mark Karpeles, center, chief executive of defunct bitcoin exchange Mt Gox, attends a news conference after a trial on charges of embezzlement in Tokyo, Japan July 11, 2017.REUTERS/Toru Hanai Mt Gox was the world’s biggest bitcoin exchange but collapsed in 2014 after a fatal hack. CEO Mark Karpeles took to Reddit on Wednesday to answer…

Bitcoin Foundation cofounder: Crypto isn’t in a bubble — ‚bitcoin is the pin that’s going to pop the bubble’

Bitcoin Foundation cofounder: Crypto isn’t in a bubble — ‚bitcoin is the pin that’s going to pop the bubble’

A bubble?Action Images via Reuters/Tony O’Brien Bitcoin has more than halved in value this year, leading critics to say it’s in a bubble that’s deflating. Jon Matonis, the cofounder of the Bitcoin Foundation, says the real bubble is in bond and stock markets. Matonis thinks that we’re entering a „post-legal-tender age” and that it’s great…

Bitcoin is slumping and analysts say there are 3 big reasons for the ‚fear and panic’

Bitcoin is slumping and analysts say there are 3 big reasons for the ‚fear and panic’

Graffiti on the outskirts of Vilnius city center in Lithuania.Sean Gallup/Getty Images Bitcoin down 5% on Friday to a one month low. Analysts say the dip is caused by fears of regulation, rumours of an exchange hack, and news of a big seller in the market. LONDON — Bitcoin is slumping on Friday, down by…

TOM LEE: Bitcoin will surge to new record highs by July

TOM LEE: Bitcoin will surge to new record highs by July

Tom LeeBloomberg TV Tom Lee, the noted bitcoin uber-bull, says that the once-hot cryptocurrency will break out to new record highs in July. He argues that the majority of bitcoin selloffs are „V-shaped,” and says that recoveries take 1.7 times the length of the downturn. Bitcoin’s foremost bull is at it again. Tom Lee, the…

Bitcoin is nearing $10,000 for the first time in 2 weeks

Bitcoin is nearing $10,000 for the first time in 2 weeks

Markets Insider Bitcoin up over 3% on Thursday morning and closing in on $10,000. Other cryptocurrencies are also up on Thursday morning, as the crypto sector recovers from a slump in early February. LONDON — Bitcoin is climbing on Thursday morning and closing in on $10,000 per coin for the first time in just over…