Category Archives: Bitcoin News

Swiss Help Bitcoin Bears Profit With World’s First Short Notes

Bitcoin bears now have another way to bet on price falls. Swiss structured products houses Vontobel AG and Leonteq Securities AG will start separate products on Friday that allow investors to profit if the price of bitcoin tumbles. The certificates will be listed on SIX Exchange AG. The move comes as the cryptocurrency starts to […]

Police Bust Turkish Gang That Kidnapped Wealthy Bitcoin Holders

Security Turkish police are toasting their success after capturing an enterprising gang of crypto kidnappers. Their targets were major bitcoin holders. The quintet were caught as they prepared to pounce on their second victim, having already extorted 450 bitcoins, worth U.S. $3.3 million, from a wealthy businessman. Also read: Real Estate Listings Use […]

Bitcoin Approaches All-Time High As Price Shrugs Off Sell-Off

The price of bitcoin is spiking, climbing above $7,700 for first time since Nov. 8. At press time, the price of bitcoin is at an average of $7,736.65, representing a gain of more than 6% since the day’s open of $7,279. That figure also signifies a gain of over $450, according to the CoinDesk Bitcoin Price Index […]

$100 Bitcoin? Japan Post Bank’s CIO Blasts ‘Bubble’ Value

Bitcoin’s astonishing price rally this year continues to attract skeptics. The latest to join the fray is Katsunori Sago, chief investment officer of Japan Post Bank, who said he believes the world’s largest cryptocurrency by market capitalization is in bubble territory. Speaking to Reuters today, Sago argued that the true fair value for bitcoin is around $100, […]

Special Report: Twice burned – How Mt. Gox’s bitcoin customers could lose again

TOKYO (Reuters) – When Mt. Gox, the world’s largest bitcoin trading exchange, collapsed in early 2014, more than 24,000 customers around the world lost access to hundreds of millions of dollars’ worth of cryptocurrency and cash. FILE PHOTO: Mark Karpeles (R), chief executive of defunct bitcoin exchange Mt Gox, attends a news conference after a […]

Bitcoin futures face safeguards to tackle wild gyrations

November 16, 2017 Gregory Meyer and Nicole Bullock in New York and Joe Rennison in Florida Listen to this article Play audio for this article Pause This is an experimental feature. Give us your feedback. Thank you for your feedback. What do you think? I‘ll use it in the future I don‘t think I‘ll use […]

The price of bitcoin is back over $7,400 after its weekend dive

The price of Bitcoin has inched over $7,400 early on Thursday morning, soaring back over the $7,000 mark. The cryptocurrency surged past that value back in early November for the very first time, hitting an all-time high of $7,882. But over the past weekend it had plunged below $6,000. The decision last week to shelve […]

Record Highs in Sight? Bitcoin Price Moves Back Above $7,500

There seems to be no stopping the bitcoin freight train. Having taken the 61.8 percent Fibonacci retracement level yesterday, the world’s largest cryptocurrency by market capitalization rose to eight-day highs above $7,520 today. As of writing, the bitcoin-U.S. dollar (BTC/USD) exchange rate is at $7,459 – a 2.54 percent gain for the session, as per […]

Why Bitcoin makes for a better transaction

CAPE TOWN – Worldwide cryptocurrency, Bitcoin exploded on to the market. The soaring currency is expanding and becoming more adaptable to daily life. Take a look at why most people use the progressive cryptocurrency.  According to the biggest Bitcoin gambling site, FortuneJack, between November 2016 and November 2017, the cryptocurrency saw its market-cap increase by […]

Bitcoin as an Unstoppable Force: Hyperbitcoinization Theory and Practice

Op-Ed One of the earliest references to hyperbitcoinization (H-theory) derives from the Satoshi Nakamoto Institute. It describes a world waiting for bitcoin in the borderless, peer-to-peer sense. Especially true for emerging economies prone to inflation, hyperbitcoinization is an adoption theory with radical implications. Until recently, it was only a theory.   Also read: Bitcoin […]

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