Search Results for: bitcoin
Teenage bitcoin millionaire can see the cryptocurrency’s value shooting as high as $1 million
June 22nd, 2017
If this teen entrepreneur, high-school dropout and bitcoin millionaire has any predictive powers at all, then we’ve hardly seen the top of the market for the hot cybercurrency. Meet Erik Finman, who started picking up bitcoin at $12 apiece ...
Bitcoin jumps more than 20% from June low
June 19th, 2017
In less than three days, bitcoin bounced more than 20 percent from its low of the month. Developers appeared to reach some agreement on a technological upgrade that threatened to divide bitcoin in two. Bitcoin remains more than 150 ...
Bitcoin is suddenly on pace to have its worst week since 2015
June 16th, 2017
After surging briefly to an all-time high of $3,000, bitcoin has been undergoing a dazzling reversal of late, with the digital currency on track to post its worst weekly decline in more than two years. Bitcoin BTCUSD, +1.77% has ...
Bitcoin non-regulation leaves users vulnerable to theft, fraud
June 15th, 2017
Cryptocurrency Bitcoin’s blockchain technology is attractive for several reasons – including decentralisation, pseudo-anonymity and its lack of regulation – but new research highlights a downside: users are open to theft and fraud. Computer scientists at Lancaster University and Universiti ...
Goldman Sachs warned that the bitcoin price may be headed to bearish territory
June 14th, 2017
Wall Street banking giant Goldman Sachs warned its clients that the bitcoin price may be headed for bearish territory. In a recent client note, published by finance blog Zero Hedge, chief technician Sheba Jafari, offered his view on the ...
Bitcoin bulls runs wild as cryptocurrency surges above $3000
June 12th, 2017
Bitcoin traded above $3,000 for the first time on Sunday, continuing this year’s massive surge and helped by increased demand from Asia-based investors. After trading in a range for the last week, bitcoin climbed to an all-time high Sunday ...
Cramer says it’s possible bitcoin could reach $1 million one day
June 8th, 2017
European banks are frantically trying to buy bitcoin so they can pay off ransomware, Jim Cramer says. “It’s a short-term way to be able to deal with cybersecurity,” he says. Cramer says it’s possible Bitcoin could reach $1 million ...
Projecting the Price of Bitcoin
June 7th, 2017
The wild card in cryptocurrencies is the role of Big Institutional Money. I’ve taken the liberty of preparing a projection of bitcoin’s price action going forward: You see the primary dynamic is continued skepticism from the mainstream, which owns ...
Bitcoin Alert: New All-Time High For The Cryptocurrency
June 6th, 2017
Bitcoin hit new all-time highs on several exchanges, rising to $2800 in Asian trading, just two weeks after a painful 30% decline that carried BTC’s price below $2000. The most valuable cryptocurrency is up more than three-fold since hitting ...
Russia’s Central Bank Plans to Tax Bitcoin, Deem it a ‘Digital Commodity’
May 31st, 2017
The Central Bank of Russia could soon recognize digital currencies like bitcoin as digital commodities and tax them accordingly. According to the central bank’s deputy chairwoman, Olga Skorobogatova, the central bank is in the process of drafting legislation to ...
