At press time, the father of cryptocurrencies has shot up by over $400, and is now trading for $6,650. After many analysts stated that the $5,000 range was imminent, it appears bitcoin has impressed (and surprised) us once again by halting its descent earlier than expected. Whether it shoots back […]
Tag: bitcoin
Satoshi’s Place Is Grabbing Everyone’s Attention
The past few days have been riddled with pretty disheartening price movements, as global cryptocurrency markets have declined by 20% since last week. However, these movements are not indicative of the growing progress in the space. If your attention hasn’t been totally consumed by the markets, you likely have heard […]
The Role of Bitcoin in Crime: Ponzi Schemes
The connection between fraudulent behavior and cryptocurrencies has become a lot more apparent over the years. Especially when it comes to fraud and Ponzi schemes, the situation has gotten out of hand in recent years. Even in 2018, one of the bigger pyramid schemes was still active. Bitcoin’s Ponzi Problem […]
Bitcoin Price Fell 11% in 24 Hours: What Triggered the Drop and What Lies Ahead?
Many analysts and mainstream media outlets including Bloomberg and the Wall Street Journal attributed the recent drop in the Bitcoin price from $7,500 to $6,700 to the hacking attack suffered by Coinrail, a minor cryptocurrency exchange in South Korea. However, the reasoning behind attributing the latest correction to Coinrail is […]
Crypto Interest Among Women Has Doubled Since December
The number of women interested in investing in cryptocurrencies has more than doubled since the beginning of the year, a new study has revealed. The study was carried out by the London Block Exchange, a leading crypto exchange in the UK, and found that crypto interest among men had barely […]
Bitcoin Price Watch: Currency Falls By $500
In an extremely disappointing move today, the father of digital currencies has fallen by an additional $500 and is now trading for just over $6,200. This is very disheartening news, as recovery does not appear to be in sight, and the $5,000 range for bitcoin seems imminent – a fate […]
Wells Fargo Bans Bitcoin Purchases with Credit Cards
Various banks around the world prevent their customers from buying Bitcoin and other cryptocurrencies. This is especially true when it comes to credit card transactions. It now seems Wells Fargo is the latest institution to impose this unwelcome rule on its customers. Wells Fargo Makes Itself Even Less Popular These […]
The Role of Bitcoin in Crime: Ransomware
If there is one criminal trend related to Bitcoin that’s made a global impact, it has to be ransomware. This destructive type of malicious software has claimed thousands of victims across the world. It also highlights the potential of Bitcoin as a global payment method, albeit for nefarious purposes. The […]
Three Bronx Bikers Arrested for Involvement in Cryptocurrency-Related Kidnapping
Crime and cryptocurrency almost seem to hand-in-hand these days. Not a month goes by without some criminal activity involving Bitcoin or other cryptocurrencies. One Bronx biker gang has three men arrested for their involvement in a $2 million cryptocurrency kidnapping and robbery incident. The Bronx Biker Gang-Cryptocurrency Angle While one […]
China State TV: Blockchain Will Be 10 Times More Valuable Than the Internet
China is suddenly bullish on blockchain technology. It has overloaded the cryptocurrency industry with praise over the past few months. The government has also led multi-billion dollar investments in blockchain projects with the vision of commercializing blockchain technology in the near future. Blockchain is Better Than the Internet CCTV, AKA […]
Bitcoin Price Watch: Currency Hasn’t Moved in 48 Hours
At press time, bitcoin is still standing at the $7,600 mark. For the last two days, bitcoin hasn’t moved, and has been trapped in the red over news of a Coinrail hack and subpoenas issued by the Commodity Futures Trading Commission (CFTC) regarding bitcoin futures trading data. But is all […]
Bitcoin.org Removes All BitPay and Coinbase References
It seems the ongoing debate between Bitcoin and Bitcoin Cash has reached a new level of silliness. Although both sides have had a few valid arguments, there are also a lot of incidents which seemingly make little sense. It now appears Bitcoin.org has intentionally removed two companies which recently enabled […]
The Growing List of Bitcoin Forks Which Never Made It
There has been a growing influx of hard forks and airdrops pertaining to Bitcoin, although Bitcoin is still Bitcoin and remains the world’s leading cryptocurrency. In fact, there are so many different iterations of Bitcoin, it is impossible to keep track of them all. Most people will have never heard […]
Bitcoin Price: $6,800 Seems to Hold Despite More Imminent Bearish Pressure
The uneasy situation affecting all cryptocurrency markets will remain in place for some time to come. Despite some minor gains for most currencies, it seems there is still plenty of negative pressure. As such, the question becomes whether or not the Bitcoin price will remain above $6,800 today. So far, […]
The Role of Bitcoin in Crime: Tax Evasion
Highlighting the role of cryptocurrency in the crime world is not exactly difficult. There have been so many allegations regarding the involvement of digital currencies where criminal activity is concerned. Tax evasion is of particular concern to government officials. The bigger question is whether people are doing this intentionally or […]
Bitcoin Price Watch: Currency Sits at $6,700
At press time, nothing has changed regarding the bitcoin price. The father of cryptocurrencies is sitting at $6,700 – a price it has held for roughly 24 hours, and recovery doesn’t appear imminent anytime soon. The mega-drop that hit the asset during yesterday’s morning hours stem from two likely sources. […]
Bitcoin Price Watch: Currency Tanks by Nearly $1,000
At press time, the price of bitcoin has fallen dramatically, and the currency is now trading for just over $6,700. This is about $900 less than where it stood just 24 hours ago. Investors were excited by the prospects that bitcoin had recently struck the $7,700 mark, and could potentially […]
Down We Go: $38 Billion Evaporated as Bitcoin, Altcoins Net Double Digit Losses
For those calling for the end of the bear cycle- hold tight a little longer. Following the extended sideways market movements, a price explosion was imminent. Unfortunately, this action took place in favor of sellers, as Bitcoin continues to tumble over the course of the past 24 hours. Altcoins have […]