Thursday, August 16, 2018

Bitcoin dips below $6,000 amid cryptocurrency sell-off

Bitcoin fell below $6,000 late Monday — for the first time since June — against a backdrop of cryptocurrencies declining in value.The world's largest digital...

Bitcoin’s value will come in time, even if investors are spooked now, crypto advocate...

Bitcoin's narrative is hard to pin down, but as with early internet stocks, real traction will come in time, cryptocurrency advocate Meltem Demirors told...

Turkish Bitcoin Volume Soars as Traders Flee the Lira

Trading volume on Turkish cryptocurrency exchanges has soared over the last 24 hours as citizens have sought refuge from the weakened lira. Turkey’s national...

Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs

A governmental committee comprised of Saudi Arabian regulators has issued a statement clarifying that cryptocurrency trading is illegal in the kingdom.According to a statement issued Sunday,...

Turkish Lira’s Collapse Sees Media Highlight Bitcoin’s Relative Stability

Mainstream media seized on the unravelling currency crisis in Turkey Monday, August 13, with Bloomberg publicizing a demonstration of Bitcoin’s (BTC) comparatively low volatility. Leading with the headline “Turkey Meltdown Propels...

Vietnam Confirms Suspension of Bitcoin, Cryptocurrency Miner Imports

After months of deliberation, Vietnam has moved to halting imports of cryptocurrency mining equipment according to a customs department in the country.Domestic businesses and...

Kim Dotcom: Invest in Bitcoin Before U.S. Debt Spirals Out of Control

Controversial Internet pirate and bitcoin advocate Kim Dotcom is urging everyone to invest in gold and bitcoin because the U.S. government is adding $1 trillion to...

Brazil’s Pro Bitcoin Presidential Candidate: É Boa Pra Caramba!

É Boa Pra Caramba! roughly translated means ‘amazing’ in Brazilian Portuguese. Regional Bitcoiners might be using the expression more these days after Brazil New...

Bitcoin Scammers Extort Bachelors With Blackmail — Over Non-Existent Wives

Residents of Washington D.C.’s upscale Chevy Chase neighborhood have been targeted by Bitcoin scammers claiming theyre poised to reveal “dark secrets” to the target’s wives....

Bitcoin Only ‘Masquerades’ as a Currency: BIS Research Chief

Hyun Song Shin, Economic Adviser and Head of Research of the Switzerland-based Bank for International Settlements (BIS), told Bloomberg that bitcoin and other cryptocurrencies “fall...

Top technical analyst says it could be ‘game over’ for bitcoin

A difficult week for bitcoin investors may get much worse, according to Renaissance Macro Research.The firm's head of technical research, Jeff deGraaf, said he would recommend...

Every Financial Portfolio Should Include Bitcoin, New Research Paper Suggests

The viability of investments into cryptocurrencies is a hotly debated topic. While many investors large and small are still skeptical about virtual currencies like...

‘Bitcoin [Mining] Threatens Our Existence’ Academic Says, Calls for Intervention

The ever-increasing amounts of electricity that bitcoin mining consumes threaten to reverse the efforts and gains made so far in mitigating greenhouse gas emissions, an academic...

Australia Could See First Solar-Powered Bitcoin Mining Farm in Coal Town

An Australian data center operator and its cryptocurrency subsidiary are developing what they describe as the country’s first “behind-the-grid data center” powered by renewable...

New Study Says Bitcoin Has An Energy Problem That Could Exacerbate Climate Change

A newly released study asserts a large amount of electricity is eaten up as Bitcoin is exchanged and mined. The author suggests these consumption habits...

Intuit Scores Patent for Processing Bitcoin Payments With Text Messages

California-based business and financial software company Intuit has been awarded a patent for processing bitcoin payments via text message.The patent, published by the U.S Patent and...

The SEC Will Decide on 9 Bitcoin ETFs in the Next 2 Months

The U.S. Securities and Exchange Commission (SEC) is set to make final decisions on nine proposed bitcoin exchange-traded fund (ETF) in the next two...

Brian Kelly: If You’re Selling Bitcoin Because of ETF Delay, You’re Doing it Wrong

CNBC Fast Money contributor and BKCM CEO Brian Kelly has firmly emphasized that while bitcoin has seen a massive decline in price over the...

Iranian Hackers Developing Ransomware for Bitcoin, Cybersecurity Experts Warn

As the US gets ready to impose sanctions on Iran, hackers in that country are working on ransomware to secure bitcoin, according to cybersecurity experts interviewed by The...

Bitcoin Plummets to Mid-$6,000 as Crypto Market Crashes: Factors and Trends

Similar to the short-term trend outlined by CCN yesterday, the Bitcoin price has dropped by mid-$6,000 as it failed to demonstrate a recovery in...

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30% of UK Firms Hit by Crypto Mining Malware in a Month: Survey

Almost a third of U.K. businesses said they had been hit by cryptocurrency mining malware within the previous month, according to new research.In a...

Tyler Winklevoss: ‘It Will Take Time’ for Wall Street to Make Crypto Jump

Crypto exchange Gemini CEO Tyler believes “it will take time” for the majority of Wall Street to enter the cryptocurrency sector.The Winklevoss brothers also...

Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits

Several blockchain associations in South Korea are pushing back against a government plan they fear will stifle industry innovation.The groups are objecting to a proposal aired...