• Reuters reports that Barclays Bank will announce investment banking job cuts across Asia sometime next week. The news publication’s sources said that these jobs cuts will include closures in South Korea and Taiwan.  Also read: Grantcoin Makes Regulatory History in the US, Plans to Launch Two New Charity Programs  These rumored cuts come after the Asian region’s failure to produce sustained growth in the post-2008 economy created a difficult business environment for investment bankers in

    More Signs of Trouble in Asia: Barclays to Cut Investment Banking Jobs

    | 2016/01/05 1:00 pm
  • Bitcoin finally had a successful comeback towards the end of 2015, declared by many as the “Year of the Blockchain.” With all the hype surrounding Bitcoin and the blockchain during 2015, there has been much speculation towards next year’s approach to cryptocurrency. As 2014 was filled with scandal, Altcoins, and ending up being the worst global currency of that year.  Also read: Pirate Bay Co-Founder Attacks Music Industry With New Gadget The New Year is approaching, and many are wondering

    Bitcoin Predictions For 2016: The Year of the Monkey

    | 2015/12/30 8:00 am
  • We saw some interesting activity in the Bitcoin markets this week. During the first half of the week, we saw a run-up to $460, followed by a few days that made us think that $460 might be a new sticking point in the market. Those notions were dashed during the latter half of the week though, as the price starting falling on Christmas night, hitting a low of $407. A late-week recovery brought the price

    Bitcoinist Weekly News Re-Hash: Factom Lies, Bitcoin Price Falls on Christmas

    | 2015/12/28 9:00 am
  • This week, the bears tested the bulls’ control over the market, attempting to shake them on Sunday. The bitcoin price just barely made a gain during the week after the massive drop on Sunday from the $460s into the $430s. Overall, the price increased by 0.61%. Also read: U.S. National Security Report: ‘Virtual Currencies Can Disrupt Sovereignty’ Daily Bitcoin Price Action December 14: $436.35 December 15: $451.18 December 16: $451.18 December 17: $453.07 December 18:

    Bitcoinist Weekly News Re-Hash: Central Banking Against Bitcoin, Bears Take the Market?

    | 2015/12/21 8:00 am
  • We had yet another exciting week in the Bitcoin markets, with the price pushing ever-closer to the $400 mark. This week, the price moved into the $390s, and closed the week out in the mid $380s, making for an overall gain of 3.07%.  Also read: Bitcoin Price Advancement Continues to Show Strength   Daily Bitcoin Price Action November 30: $375.18 December 1: $378.89 December 2: $351.96 December 3: $368.05 December 4: $359.48 December 5: $371.64 December

    Bitcoinist Weekly News Re-Hash: Bitcoin Pushes $400, Silk Road Mentor Arrested

    | 2015/12/07 12:00 pm
  • What started out as a boring week of market activity quickly turned into a significant bull rally. Going into Thursday, with the week winding down, the bulls took over the Bitcoin markets; bulls reared their horns again on Sunday, pushing the price close to $380. In total, we saw a 16.67% increase in the Bitcoin price this week. Also read: Digital Currency is Slowly Winning The Popularity Contest Daily Bitcoin Price Action November 23: $321.58

    Bitcoinist Weekly News Re-Hash: Black Friday Bull Run, DDoS Menace

    | 2015/11/30 12:00 pm
  • Over the past few years, Bitcoin has often been compared to gold, as both forms of wealth allegedly rely on scarcity to make them inherently valuable. Additionally, both Bitcoin and gold are generated through a  process called “mining”, albeit both currencies take a different approach to completing this process. Now that the gold price keeps plummeting, that comparison to Bitcoin seems no longer valid, as the digital currency has been relatively stable all year. Also

    Continuing Gold Price Decline Shows How Bitcoin Is Far Different

    | 2015/11/29 5:32 am
  • Middle Earth has been down for a few weeks at least, leaving buyers on the website to appear on clearnet websites, like DeepDotWeb, lamenting they can’t find the good acid they were scoring or looking for their marijuana dealer.  Also read: Senator John McCain Pushing Government Access to Encryption Protected Data The website, the name of which references the Lord of The Rings books, was put online after the Silk Road was shut down by

    Silk Road Successor Middle Earth Experiencing Prolonged Downtime

    | 2015/11/27 12:00 pm
  • The Bitcoin community had a fairly quiet week, with the price moving less than 1%. However, we have had a fairly active news week, with many developments coming out that may affect the community — specifically news regarding banning encryption. Let’s take a look at this news alongside the week’s market activities to see how traders might react in the future. Also read: Battlecoin.org: A New Bitcoin Bomberman Experience Daily Bitcoin Price Action November 16:

    Bitcoinist Weekly News Re-Hash: Banning Encryption, Writing to Ross Ulbricht

    | 2015/11/23 4:00 pm
  • This week has been somewhat depressing for those hoping to see a return of the bull run that has characterized the market activity of the past couple weeks. The bulls did not make a reappearance this week, while the bears had a firm hold of the Bitcoin price. This week may not be all bad, though. The seemingly tough resistance we have seen at $300 may suggest a leveling-out point, which could mean at new,

    Bitcoinist Weekly News Re-Hash: Bear Market Special Edition

    | 2015/11/16 8:00 am
  • The price of bitcoin has shot up again! The steady increase of everyone’s favorite digital currency doesn’t appear to be a fluke. Bitcoin has been on the move practically every week over the last month. Now, in just a matter of days, it has jumped past the $400 mark much to everyone’s surprise and amusement. Also read: Will Bitcoin Rise Through the End of the Year? Bitcoin has now reached its highest point for the entire

    Bitcoin Price Goes Beyond $400: How High Will it Go?

    | 2015/11/05 8:00 am
  • In 1940, Walt Disney released “Pinocchio,” the film that many scholars and critics consider to be his best. The tale of a marionette puppet operating without assistance truly comes to life in what is arguably the film’s most memorable scene, which occurs after Pinocchio is introduced to the twisted Stromboli. Jiminy Cricket watches by a nearby lamppost as the curtain goes up on Stromboli’s traveling gypsy wagon to reveal the little wooden boy, marching down

    Bitcoin is “The Real Boy” of Money: No Strings Attached

    | 2015/10/31 8:00 am
  • The markets sprang into action this week, with the price rising steadily during a build-up to a massive rally at the end of the week. This price explosion comes while eyes are still glued to global markets, worried about a Chinese slowdown. However, it appears as if some profit taking began at the end of the week, suggesting some possible downward movement in the days to come. Also read: Bitcoin Price Rallying Towards $300 Daily

    Bitcoinist Weekly News Re-hash: $300 Rally, Carl Force Goes to Prison

    | 2015/10/26 8:00 am
  • An all-star AMA session on forum.bitcoin.com with many top names in the Bitcoin industry will begin November 2nd, and continue throughout the month. Participants include Patrick Byrne CEO of Overstock, Andreas M. Antonopoulos, Gavin Andresen and many more. Anyone will be able to ask questions directly to the biggest names in Bitcoin. The sessions will start on the 2nd of November 2015 in the “ask me anything” section on the forum. An amazing list of

    Roger Ver Hosting Largest Bitcoin AMA Ever at bitcoin.com

    | 2015/10/26 6:24 am
  • The price of Bitcoin is surging towards the $300 USD price range. Over the past two weeks, BTC has seen a steady climb from the $260 range to yesterday’s $280 break. Despite breaking this boundary, the digital currency stepped up again to a high of $293 as of press time with no sign of a slowdown just yet. Also read: The Potential Impact of Bitcoin on the Luxury E-Commerce Industry Many have been wondering why

    Bitcoin Price Rallying Towards $300

    | 2015/10/25 3:19 pm
  • When BnkToTheFuture’s chief executive Simon Dixon says that stock exchanges around the world have a long history in listing gold and oil mining stocks, but Australia will become the first ever to list this new form of mining stock, it makes a lot of sense. The country has a hot and cold reaction towards the digital currency technology; however, the latest move where the world’s first Bitcoin mining IPO is drawing near, it is moving

    BnKToTheFuture Hosts Fund for Australia’s First Bitcoin Mining IPO

    | 2015/10/21 8:00 am
  • Bitcoiners got to enjoy some exciting market activity this week, with the Bitcoin price rising to levels that have not been seen in several months. Towards the end of the week, the price broke into the $270s, but quickly settled down into the low $260s, which some people hope will be a new bottom. Also read: Apple Pay Stumbles After Initial Support — Bitcoin A major Competitor Daily Bitcoin Price Action October 12: $247.83 October

    Bitcoinist Weekly News Re-Hash: Carl Force Sentencing, Uber’s Data Blunder

    | 2015/10/19 8:00 am
  • China is seemingly buying up a lot of Bitcoin and alternative currencies like gold right now. The devaluation of their currency has been slashed over the course of the past month. The country’s Foreign Exchange Commission has ordered financial institutions to increase its checks and balance controls for capital outflow. Currency wars in the region have led to a massive monetary dump as China’s Black Monday looms and looks to a very rough financial week. This

    Is China Turning To Bitcoin As Yuan Devalues?

    | 2015/10/17 4:53 pm
  • This week, we saw a significant amount of growth in the Bitcoin price, following several weeks of relatively calm market activity. Starting in the high $230s — carrying on the trend from last week — the price quickly rose to $240 and beyond.   Also read: Purse.io Under Attack — User Funds Are Safe And Accounted for Daily Bitcoin Price Action October 5: $238.70 October 6: $240.46 October 7: $246.27 October 8: $244.26 October 9:

    Bitcoinist Weekly News Re-Hash: Poloniex Supports Factom, BlockChainGroup.io Revolutionizes Analytics

    | 2015/10/12 8:00 am
  • Many people interested in Bitcoin have a less than optimistic view about the health of the global economy. This skepticism — in some cases pessimism — is fueled by a controversial business cycle theory that is fairly popular in Bitcoin circles. This theory holds that the easy money created by central and fractional reserve banks induce entrepreneurs to embark upon projects that are are not actually profitable. This action sparks a series of events, in

    What will Happen to Bitcoin when the Economy goes Bust?

    | 2015/10/10 8:00 am
  • This past week, the Bitcoin markets seemed to be relatively quiet, while subtly hinting at a desire to see the digital currency increase in value. Throughout the course of the week, the Bitcoin price rose from the mid $230s to the high $230s, brushing against $240 several times. This modest growth occurred with a backdrop of fairly mild news. Also read: How Bitcoin is like the Housing Market Daily Bitcoin Price Action September 28: $236.47

    Bitcoinist Weekly News Re-Hash: Australia Boots Bitcoin, ERNIT’s New Piggy Bank

    | 2015/10/05 8:00 am
  • The housing market in the United States has been on the decline since late August. While unfortunate, it’s something Americans are used to. Since 2008, the country has struggled with the regular ups and downs of its housing market, and many of us, despite the media’s attempts to convince us that things “have gotten better,” remain skeptical. Also read: The Bitcoin Halving: Deflating the Hype With the recent drop, that skepticism appears to be somewhat

    How Bitcoin is like the Housing Market

    | 2015/10/04 8:00 am
  • This week saw some modest gains in the Bitcoin price. While this growth was far from extreme, it was indeed fairly unexpected. Last week, the price entered a sideways pattern that threatened to point downward, coming off of some bearish activity. Most of this week remained in that same pattern, but the markets pulled upward late Sunday night. Also read: The Bitcoin Halving: Deflating the Hype Daily Bitcoin Price Action September 21: $229.28 September 22:

    Bitcoinist Weekly News Re-Hash: Bitcoin Computer Launched, Ecuador Censorship

    | 2015/09/28 8:00 am