In cryptocurrency circles, calling something “centralized” is an insult. The epithet stems from Bitcoin creator Satoshi Nakamoto’s revelation: a monetary system doesn’t need a central authority, like a government, to work. That’s such a potent idea that it’s morphed into a battle among crypto-enthusiasts between good—that is, “decentralized”— currencies and evil ones, or anything with…
General Crypto
General Crypto
Bitcoin price drops amid fears of a regulatory crackdown
CLOSE Bitcoin slid to $10,000 on Wednesday for the first time since Dec. 1, leaving the cryptocurrency down by close to half from its peak hit last month. Newslook A man passes by a screen showing the prices of bitcoin at a virtual currency exchange office in Seoul, South Korea, Tuesday, Jan. 16, 2018. Prices…
Bitcoin value: Chart that should have investors worried
Close FULL INTERVIEW: Analyst predicts Bitcoin could hit $US100,000 in 2018 7:44 Saxo Bank’s global macro strategist Kay Van-Petersen predicts the digital currency Bitcoin will hit as much as $US100,000 this year. January 12th 2018 7 days ago /display/newscorpaustralia.com/Web/NewsNetwork/Finance – syndicated/ FULL INTERVIEW: Analyst predicts Bitcoin could hit $US100,000 in 2018 Investing ‘Shouldn’t have mortgaged…
Hackers Have Walked Off With About 14% of Big Digital Currencies
Hackers Have Walked Off With About 14% of Big Digital Currencies By Cybercriminals compromise Bitcoin, Ether supply, blockchains Crypto-crazed users adopt technology without weighing risks Five Reasons ‘Bitcoin Jesus’ Loves the Digital Currency Digital currencies and the software developed to track them have become attractive targets for cybercriminals while also creating a lucrative new market…
This week’s Bitcoin crash was all about fraud and regulation
Cryptocurrencies have had a rough week: the value of bitcoin plunged to a mere 50 percent of its 2017 peak, and other currencies, such as Ethereum, Ripple, and Litecoin have seen double-digit losses compared to their heights from last year. Tuesday also witnessed the collapse of BitConnect, an anonymously operated crypto exchange that had been…
Bitconnect Abruptly Shuts Down, Crypto Currency Collapses; BCC Holders On Suicide Watch | Zero Hedge | Zero Hedge
SHARES Content originally published at iBankCoin.com Crypto currency Bitconnect (BCC) plunged from $321 to a tad over $35 today, a drop of more than 86% after regulators from state authorities issued cease and desist letters for unauthorized sale of securities. That’s right. Just because your shit is on the blockchain, that doesn’t mean you get…
Bitcoin Falls Below $10,000 as Virtual Currency Bubble Deflates
Jan. 17, 2018 SAN FRANCISCO — The air has been swiftly leaking out of the virtual currency bubble. A decline in virtual currency prices that began before Christmas has picked up pace in recent days as concern has grown that governments could crack down on the new industry. For a time on Wednesday, the price…
Bitcoin’s plunge hits Winklevoss twins, turning them into ex-billionaires
Bitcoin’s plunge hits Winklevoss twins, turning them into ex-billionaires Tom Metcalf More What bitcoin giveth, bitcoin taketh away. Cameron and Tyler Winklevoss, the twin brothers who became billionaires after the run-up in the price of bitcoin and other digital assets toward the end of last year, have seen their fortunes drop 37 per cent in…
‘This can’t be happening’: Suffering and schadenfreude in crypto community – MarketWatch
So, what happened to the unflinching bravado that has long been the trademark of the staunchest cryptocurrency supporters? About $400 billion in losses , that’s what. This has been a particularly brutal spell, and it certainly feels like more than just another “buy the dip” opportunity. Bitcoin BTCUSD, -1.01% has now shed about half its…
Here are all the theories explaining the crypto market crash
print Foto: REUTERS/Lucas Jackson A trader works on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, NY, U.S. December 13, 2016. The cryptocurrency market has lost $340 billion of value since the start of January, with a severe sell-off on Tuesday and Wednesday this week. Analysts…