• The Winklevoss twins have cut up and stored their Bitcoin keys in safety deposit boxes across multiple banks in the United States. One of the main problems with cryptocurrency is that thieves can plunder a person’s wallet, and there’s very little recourse that one can do in such a situation. To ensure that such an event doesn’t happen to their 120,000 bitcoins, the Winklevoss twins have cut up their Bitcoin keys into multiple pieces (on

    This is How The Winklevoss Twins ‘Hodl’ Their Billion in Bitcoin

    | 2017/12/25 7:30 am
  • In a recent report sent out to clients, Morgan Stanley analyst James Faucette cautioned that the “true” value of Bitcoin might actually be zero. Zero. Zip. Nada. The report, titled Bitcoin Decrypted, discussed the difficulty in ascribing value to the digital currency, noting that it behaves like neither a currency nor a store-of-value commodity like gold, silver, etc… Examining several key factors, Faucette points out: Bitcoin can’t be valued as a currency because it has no associated interest

    Morgan Stanley Analyst: True Price of Bitcoin Could Be Zero

    | 2017/12/24 5:30 pm
  • The Chicago Board Options Exchange (Cboe) has been successfully trading Bitcoin futures since December 10, 2017. As a result, Cboe is now trying to expand its participation in the cryptocurrency business. In effect, Cboe has just petitioned the U.S. Securities and Exchange Commission (SEC) to launch six Bitcoin-based exchanged traded funds (ETFs). The Push for ETFs Heats up SEC’s authorization to trade Bitcoin futures contracts elevated the cryptocurrency into the circle of mainstream finance, setting

    Cboe Floods the SEC with Bitcoin ETF Petitions

    | 2017/12/23 2:00 pm
  • The interest and popularity of Bitcoin, and the crypto industry in general, may be growing, but a major Dutch financial institution is still not convinced that global adoption is a given. Even though this has been a bit of a rocky week for our favorite crypto, its still important to remember the positives, like CBOE and CME having recently launched futures trading, and the fact that central banks could be holding it in their reserves

    No Mainstream Adoption for Bitcoin According to ING

    | 2017/12/23 11:15 am
  • Insurance companies, such as Chubb, are making a ransomware Bitcoin correlation, saying that the cryptocurrency’s rising price is leading to more ransomware attacks. Few things are as aggravating as having to pay a criminal ransom in order to gain access to your own files. Ransomware attacks have targeted everything from major corporations down to a local transit authority, and they’re increasing in frequency. Some of the insurance companies who have to deal with the fallout

    Insurance Companies Blame Bitcoin for Ransomware Increase

    | 2017/12/23 9:00 am
  • One of the biggest bulls for Bitcoin, Michael Novogratz, has delayed the launch of his cryptocurrency hedge fund and believes Bitcoin could fall to $8,000. Bitcoin has been one of the most important financial stories in 2017, and as we stagger through the last few days of the year, Bitcoin still has a grip on the headlines. However, instead of the awe of Bitcoin soaring ever higher in value, there is shock as the cryptocurrency

    Novogratz Delays Crypto Hedge Fund and Says Bitcoin Could Drop to $8000

    | 2017/12/23 6:00 am
  • Bitcoin price fell 23% into Friday as a broad shakedown of markets saw every cryptoasset in the top 100 sustain major losses. Stop Me If You’ve Heard This One Before… Repeating what has become a familiar cycle for holders this year, BTC shaved $6000 off its USD value to trade at an average $13,240 across major exchanges. In the top 10 assets by market cap, Bitcoin Cash fared worse, its 34% crash the largest of

    The Horror! Bitcoin Price Hits Lows Not Seen Since Early December

    | 2017/12/22 5:30 am
  • The Bitcoin price dipped to below $15,000 Thursday as pressure from altcoin growth and the ongoing Bitcoin Cash (BCash) scandal took its toll. Bitcoin, BCash Shave Off Latest Gains Cross-exchange data from Coinmarketcap showed an average value of around $15,500 at press time, with Bitstamp dropping to deeper lows of $14,960. Despite BCash posting huge gains over the past 48 hours, however, today’s dip did not serve to bolster the altcoin’s performance, losing 14% against

    Bitcoin Price Sinks Below $15,000 As Altcoins Eclipse The Moon

    | 2017/12/21 3:30 pm
  • The era of philanthropy in the Bitcoin universe is alive and well. A while back, a crypto enthusiast calling himself “Pine” founded the Pineapple Fund, which was valued at 5057 BTC ($86 million). To date, the Pineapple Fund had committed $8 million to eight charities. Reports indicate that Pine began to mine Bitcoin on an old PC at home when the currency was still quite new. Unlike most early adopters, Pine did not sell his

    Bitcoin Millionaire Creates Pineapple Fund to Give $86 Million to Charity

    | 2017/12/21 11:30 am
  • Ronnie Moas of Standpoint Research, who predicted the rise of Bitcoin, now says that the cryptocurrency will become the world’s most valuable currency. For a number of years, Bitcoin quietly moved up a few notches in value, but then 2017 happened. The cryptocurrency has exploded this year, going from just around $1000 to the current value of $18,969. Few people made the Bitcoin prediction that it would rise so sharply, but Ronnie Moas of Standpoint

    Analyst Makes Bitcoin Prediction That It Will Become the World’s Most Valuable Currency

    | 2017/12/18 2:45 am
  • The massive spike in Bitcoin’s price and popularity has seen many businesses moving to adopt it as a payment method. The Tree House Lodge, a new hotel in the Brunca Region of Costa Rica, announced that it will be joining the growing list of businesses accepting bitcoin payments, becoming one of the first hotels to adopt cryptocurrency payments directly, without going through a clearinghouse like Expedia. Little information is available about Tree House Lodge, a

    Costa Rica’s Tree House Lodge One of the First Hotels to Accept Direct Bitcoin Payments

    | 2017/12/17 3:30 pm
  • As Bitcoin continues to boom, tech investors Halle Tecco and her partner Jeff Hammerbacher have kindly donated profits from their Bitcoin investment to cancer research. It’s been an amazing year for Bitcoin with prices starting at $955 in January and having since climbed to (at the time of writing) $19,510. Usually, the talk amongst Bitcoin investors is that they can now pay off their student loans or buy a house. However, Halle Tecco and her

    Philanthropist Couple Donate Bitcoin Profits To Cancer Research

    | 2017/12/17 6:45 am
  • It seems like the trend of consecutive all-time highs isn’t stopping anytime soon, as Bitcoin has sailed over $20,500 and has its sights set on $21,000. Bitcoin Breaks the $20,000 Barrier On CEX.io, a popular Bitcoin exchange, the price of just one bitcoin has broken through $20,000 with no signs of stopping. This may seem insignificant, as it only one exchange, and on top of that, we’ve seen Bitcoin prices skyrocket over the market price

    Bitcoin Price Breaks $20,000 on CEX.io Exchange

    | 2017/12/16 9:30 pm
  • The FBI will rue the day it sold its hoard of Silk Road bitcoins for $48 million as those coins are now worth an astonishing $2.4 billion. 144,336 BTC: From $48 Million To $2.4 Billion During auctions in 2014 and 2015, funds confiscated from the defunct darknet marketplace sold to various bidders at what now seem like rock-bottom prices. 144,336 BTC changed hands as a result of taking down Silk Road, selling for an average

    Rekt! FBI Silk Road Bitcoin Auction Loses Agency $2.4 Billion

    | 2017/12/14 11:00 am
  • Another day in Crypto Land, and the charts are swinging once again. Bitcoin has experienced a couple of days of relative calm, climbing only a few hundred dollars this time from $16,500 to $16,800, where it currently trades. Many are beginning to question where the great impetus comes from and what is actually pushing these prices ever higher. According to a report by the Wall Street Journal, traders in Asia are responsible for a lot

    Asian Buyers Driving Bitcoin Boom

    | 2017/12/13 12:30 am
  • It’s not just seasoned investors hoping to cash in on Bitcoin. Your regular girl, or boy, next door also wants to be a part of this digital currency’s lucrative rise to the top. There’s no denying that Bitcoin fever is gripping the world. Even though it has grown over 1000% in 2017, the most dramatic price surges have happened over the last few weeks, starting with reaching that magical five-figure status. However, Bitcoin’s price is

    Average Americans Putting Themselves into Debt for Bitcoin

    | 2017/12/12 5:00 am
  • Even with bitcoin price smashing past the $18,000 mark on December 8th, there are some financial experts who don’t believe that the digital currency can hold onto its glory for long. One veteran market forecaster, Peter Schiff, came out and said that Bitcoin has no value. Peter Schiff, the CEO of Euro Pacific Capital, downplayed the value of Bitcoin in an interview with TheStreet, claiming that there’s no value in the digital currency. He further told

    Bitcoin is Worthless, Says Market Forecaster Peter Schiff

    | 2017/12/11 8:30 am
  • The continuing frenzy surrounding Bitcoin has a number of analysts and economists worried even as global financial institutions are starting to actively participate in the crypto world. 2017 has been a banner year for Bitcoin and other cryptocurrencies. Last week saw Bitcoin race from $14,000 to over $18,000 in a few hours before coming back down to earth at just over $15,000. While many financial experts are predicting that Bitcoin will soar even higher in

    Deutsche Bank Economist Believes a Bitcoin Crash Endangers Global Markets

    | 2017/12/11 3:00 am
  • As the crypto and financial worlds look on, the CBOE website crashes, unable to handle the massive influx of traffic as Bitcoin futures trading begins. Uh oh, Houston…we have a problem. CBOE’s website crashed within moments of the exchange opening on Sunday, unable to handle the massive influx of traffic resulting from the launch of its Bitcoin futures contract. The launch, which marks the first time that Bitcoin futures have traded on a major exchange,

    Bitcoin Breaks CBOE – Website Crashes as Futures Trading Begins

    | 2017/12/10 6:45 pm
  • As the Winklevoss twins became the first ever Bitcoin billionaires, they still believe that cryptocurrency has room to grow. Becoming Bitcoin Billionaires The Winklevoss twins first became famous in 2008 through their legal battle with Facebook founder, Mark Zuckerberg. In 2015, the twins started their own cryptocurrency exchange, called Gemini, where users could trade Bitcoin and Ethereum. Gemini is the 16th biggest cryptocurrency exchange and has a daily trading volume of over $244 million. As if

    Winklevoss Twins Predict Bitcoin Will Become ‘Multi-Trillion Dollar Asset’

    | 2017/12/10 12:00 am
  • In an interview with CNBC on Thursday, billionaire investor Marc Lasry admitted that he should have bought Bitcoin when it was trading at $300. Co-founder of Avenue Capital Group and part owner of NBA team the Milwaukee Bucks, Marc Lasry expressed his regret at having missed the boat – at least the early one – when it comes to Bitcoin. The digital currency, which was trading at just below $1,000 at the beginning of 2017,

    Billionaire Investor Marc Lasry Regrets Not Buying Bitcoin at $300

    | 2017/12/09 6:45 pm
  • With CBOE set to roll out Bitcoin futures trading Monday morning, the exchange announced this week that the margin requirements have risen from 33% to 44% due to Bitcoin’s recent extreme volatility. As Bitcoin finished a tumultuous trading week, with coin prices climbing from $11,000 to heights of near $20,000 on the GDAX exchange, the weekend has brought worries of what effect futures trading will have on Bitcoin, especially in regard to market manipulation believed

    CBOE Announces Increased Bitcoin Futures Margins Amid Market Manipulation Worries

    | 2017/12/09 2:00 pm
  • Bitcoin is already the world’s most popular digital currency. It’s recent skyrocketing in price has led to a massive upsurge in account openings and trading as people look to climb aboard the Bitcoin bandwagon. In recent weeks, the number of new Bitcoin accounts has seen a major upsurge. In addition, trading in Bitcoin has reached unprecedented levels. This is in light of the expected launch of the Bitcoin futures contracts by Cboe and CME. This

    Unprecedented New Bitcoin Account Openings Due to Expected Launch of Futures Contracts

    | 2017/12/09 10:00 am