Bitcoin has had a nice rally in the past week, up about 14% from its low near $6,250 to a high of $7,126 on August 28th (the time of this writing). Other altcoins have done even better. So is this it? Is this the start of the new bull run for Bitcoin? I wish I […]
If you knew which ones to buy, a handful of altcoins better than Bitcoin made eye-popping percentage gains. In the last 18 months, more than 1,000 altcoins launched through initial coin offerings (ICOs). The total wealth created is estimated at $35 billion and, on average, three to five altcoins are launched per day, globally. Yes, […]
In a surprising statement, Twitter CEO and co-founder Jack Dorsey says that he believes that in 10 years or less everyone in the world will be using Bitcoin. “The world ultimately will have a single currency, the Internet will have a single currency. I personally believe that it will be Bitcoin,” Dorsey told London news […]
Microsoft Founder Bill Gates has a lot of opinions, many direct and unflinching — as you might expect from a tech billionaire. His latest, shared in a Reddit “ask me anything” exchange: Cryptocurrencies are deadly. “The government’s ability to find money laundering and tax evasion and terrorist funding is a good thing,” he wrote. “Right […]
Craig Wright, the self-proclaimed inventor of bitcoin, stands accused of swindling more than $5 billion worth of the cryptocurrency from the estate of a computer-security expert. In 2016, Wright, an Australian, claimed that he created the cryptocurrency under the pseudonym Satoshi Nakamoto. The issues stem from Wright’s work with Dave Kleiman, a major cryptocurrency user […]
Bank Of America, a massive financial entity by any measure, is warning that cryptocurrencies could potentially undermine its entire business. In a 13,000-word regulatory filing, the United States’ third-largest bank by assets mentioned cryptocurrencies three times in the documents “risk factors” section. This is the part of a corporate filing where a company has to […]
The young Russian programmer who invented Bitcoin rival Ethereum recently warned on Twitter that all crypto coins are essentially valueless. Vitalik Buterin told investors to stick to ordinary stocks and bonds instead, and only to invest in crypto what they could afford to lose. “Cryptocurrencies are still a new and hyper-volatile asset class, and could […]
Global cryptocurrencies surged in value in the past 24 hours, bringing market capitalization up $77.8 billion to $388 billion from $310.2 billion yesterday. This is positive news for coin investors. The overall cryptocurrency market has been down over the past 30 days. After peaking at $834 billion on Jan. 7, market cap nosedived nearly 66 […]
