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Cryptocurrency Comeback? Bitcoin, Ripple, Ethereum And Litecoin Prices Up As Marketsrally

Cryptocurrency Comeback? Bitcoin, Ripple, Ethereum And Litecoin Prices Up As Marketsrally

Cryptocurrency comeback? Bitcoin, Ripple, Ethereum and LiteCoin prices up as marketsrally Jasper Hamill Thursday 18 Jan 2018 3:34 pm Share this article with Facebook Share this article with Twitter Share this article with Google Plus Share this article through email Share this article with Whatsapp Share this article through Bitcoin, LiteCoin, Ethereum and Ripple are making a comeback but the markets are so volatile that they could plunge in value again at any moment The bottom fell out of the cryptocurrency markets this week as hundreds of virtual coins experienced huge drops in value. But the price of Bitcoin and all the other major cryptocurrencies are experiencing a rally today, buoying up following a bloodbath which led to dramatic price plunges. Yesterday afternoon, one Bitcoin was worth about $9,280 (6,706) which is a long way from the peak of almost $20,000 (14,462) it hit at the end of 2017. Now the price of the worlds most famous virtual coin has now rebounded and is sitting at about $11,200 (8,096), according to Coindesk. Yesterday, anyone who scrolled through the cryptocurrency price listings on CoinMarketCap was met with a sea of red. This graph shows the upwards momentum of Bitcoin (Chart: Coindesk) Ethereum is up to about $1,090 after plunging to $780 yesterday, while Ripple has almost doubled from 90 cents to $1.63. More than 1,000 other cryptocurrencies appear to be following the same upward trajectory. Samuel Miranda, a cryptocurrency expert from Coinlist.me, told Metro: The Ripple market is moving sideways at the moment, but it feels very undervalued right now given the recent high of almost $4 its arguably a good time to buy. He added: Expect Ethereum to be a consistent riser this year due to more coins adopting the Ethereum blockchain. Ripple has b Continue reading >>

Bitcoin And Other Cryptocurrency Is Rebounding After A Two-day Bloodbath

Bitcoin And Other Cryptocurrency Is Rebounding After A Two-day Bloodbath

Investing in virtual money like Bitcoin can be quite hazardous to ones savings and health, especially if you have no idea what youre doing. Just look at what happened on Tuesday and Wednesday , when all the cryptocurrencies out there were hit by negative news from Asia. South Korea is looking to regulate Bitcoin and altcoin trading, as is China. Fears of such regulations convinced many people to sell their holdings, and the sell-off continued for two straight days. Bitcoin prices plunged below $10,000, marking the first time since November that the best-known cryptocurrency in the world sank so low. But prices are now rebounding, having increased steadily since Wednesday night. Don't Miss: Amazons new 4K Fire TV is back down to its lowest price ever, today only Gains have been minimal for some coins, while others have seen huge improvements. On Thursday morning, Bitcoin and Ethereum were up by around 2.5% each, while Ripple gained 22.09% compared to the previous day. Heres a look at todays action, with CoinMarketCap doing the number crunching: Does that mean the price of Bitcoin and everything else will continue to go up? Theres nothing to guarantee that, just as massive crashes like the one we just witnessed cant be anticipated. Bitcoin is trading for north of $11,400 right now, which is well below the high of nearly $20,000 hit just before Christmas. However, theres no right or wrong price for Bitcoin or any other coin. And theres nothing to guarantee that itll stay above the $10,000 mark. Insane volatility means it can all happen in a matter of minutes. If youre looking to trade digital currencies, make sure you understand what youre doing and be ready to deal with massive price swings. Its also a good idea not to invest all your savings in crypto trading even if yo Continue reading >>

I Bought $250 In Bitcoin. Here's What I Learned

I Bought $250 In Bitcoin. Here's What I Learned

I bought $250 in bitcoin. Here's what I learned by Seth Fiegerman @sfiegerman December 8, 2017: 11:24 AM ET Where's the skepticism as bitcoin keeps soaring? Some people kill time at the airport by browsing duty-free shops. I decided to shop for bitcoin. But first, there are two things you should know about me: I tend to be almost as afraid of losing money investing as I am of flying. On some level, I figured one fear might cancel out the other. So last Thursday, while waiting for a flight to Nashville, I pulled up a popular application called Coinbase that can be used to buy and sell bitcoin. The virtual currency had hit $10,000 for the first time a couple days earlier, before retreating somewhat. News of bitcoin's rapid rise was everywhere, including on CNN . For 15 minutes at the airport, I refreshed the price of bitcoin over and over, watching as it gained and lost hundreds of dollars in a matter of minutes. I called out the price fluctuations breathlessly to my wife, who gently encouraged me not to be an idiot, before returning to her magazine. She was in good company. JPMorgan Chase CEO Jamie Dimon recently called bitcoin a "fraud" and suggested people who buy it are "stupid." Warren Buffett called bitcoin a " mirage " in 2014 and warned investors to "stay away." Are you trading Bitcoin? We want to hear from you . And yet bitcoin has climbed more than tenfold since Buffett's warning. Earlier this month, one college friend casually told me over drinks he'd made tens of thousands of dollars investing in another cryptocurrency. He said he hoped it would be worth enough one day to buy a house. When I saw the price of bitcoin fall to $9,500, I pressed buy, defying the wisdom of two finance titans and my wife. One hundred dollars, or 0.0101 bitcoins. (A few days later, Continue reading >>

Litecoin Price News What Is Ltcs Value Today In Gbp And Usd And How Does It Compare With Bitcoin?

Litecoin Price News What Is Ltcs Value Today In Gbp And Usd And How Does It Compare With Bitcoin?

Litecoin price news what is LTCs value today in GBP and USD and how does it compare with Bitcoin? The start of 2018 has given Cryptocurrencies a seriously hard time but how is Litecoin doing? BITCOIN mania spread like wildfire last year as its massive rises and falls make headlines around the world - but it is not the only cryptocurrency making waves. Digital investors have long been aware of Litecoin which launched in 2011 and appears to be nearly identical to Bitcoin with some notable differences. Here's what you need to know... Light by name, not by nature: digital currency Litecoin has soared value over the past year The cheapest, easiest way to purchase Litecoin is by using your Bitcoin currency at a site such as Bit Bargain . You can also get hold of Litecoins by mining them, using standard computing equipment. However, Litecoins have a less developed infrastructure than their heavyweight Bitcoin brother, meaning they're more difficult to purchase. The best way for novices to purchase is certainly through using an existing Bitcoin stash. Litecoin was launched in 2011, the digital sibling of Bitcoin Anyone thinking of investing in Bitcoin or another cryptocurrency should be very careful. Their values are volatile, with the ability to plummet as quickly as they shoot up. And investors are frequently targeted by hackers and other criminals who seek to steal their crypto-cash online. Be especially careful if you are using direct, peer-to-peer platforms to sell and buy cryptocurrencies. Today the US Securities and Exchange Commission halted a multi-million dollar digital token sale by California-based restaurant review app firm Munchee. SEC chairman Jay Clayton said there were substantially more opportunities for fraud from initial coin offerings. The US regulator als Continue reading >>

Ripple, Bitcoin & Ethereum Prices Are Crashing. Here's Why | Money

Ripple, Bitcoin & Ethereum Prices Are Crashing. Here's Why | Money

For the second time in less than three weeks, cryptocurrencies suffered a major correction. The 16 largest cryptocurrencies all saw major price declines over the past 24 hours, according to data from Coinmarketcap.com. Ripple, the third-largest digital currency, saw its price fall as much as 39% at one point. Bitcoin, the granddaddy of the crypto universe, saw its price fall as much as 14% on Monday. And Ethereum, the second-largest cryptocurrency which has gained in p opularity among businesses , dropped 12%, before rebounding somewhat. The question is why? Market watchers say you can point to one of three reasons: Investors are pointing to South Korean regulators as a possible reason for the latest declines. One of the greatest strengths but lurking weaknesses of cryptocurrencies is that they are largely unregulated by governments. This allows people to use them anonymously, which is also why criminals have taken to the online monetary system. But that means any whiff of new government oversight can make investors nervous. Last month, the South Korean government said it would increase its oversight of the digital currency market by banning anonymous crypto accounts and providing measures to shut down exchanges, if needed. And on Monday, South Korean officials inspected six major local banks, reviewing the institutions anti-laundering measures in connection with cryptocurrency trades. This spooked the global markets. We need regulators to look into the space more closely, the Korean exchanges have become crazy in terms of price differences so these regulatory actions would help the price stability, Naeem Aslam, chief market analyst at TF Global Markets told Bloomberg. Because it accounts for 35% of the total crypto market, Bitcoin is by definition the most influential Continue reading >>

Bitcoin Dives As Cryptocurrency's Top Market Is Doing This To Curb Speculation

Bitcoin Dives As Cryptocurrency's Top Market Is Doing This To Curb Speculation

Bitcoin Dives As Cryptocurrency's Top Market Is Doing This To Curb Speculation January 08, 2018, 09:48:43 AM EDT By GILLIAN RICH, Investor's Business Daily Bitcoin fell after regulators in South Korea, the cryptocurrency's largest market, said they were launching probes into six banks to crack down on speculation. [ibd-display-video id=3070790 width=50 float=left autostart=true] The regulators are looking into South Korea's NH Bank, Industrial Bank of Korea, Shinhan Bank, KB Kookmin Bank, Woori Bank and Korea Development Bank, to ensure they are following anti-money laundering regulations, the Wall Street Journal reported. Bitcoin sank 7.7% to $14,930 after undercutting $14,000 intradayaccording to Coindesk.com. Bitcoin futures from CME Group ( CME ) and Cboe Global Markets ( CBOE ) futures both suffered losses of about 11%. Bitcoin- and blockchain-related stocks were mixed. Seagate ( STX ) rose 7% to 46.00 on word that the memory giant has an investment in the majority owner of Ripple, another digital currency. Seagate rose as high as 49.70 intraday. But Ripple, which has had a mammoth run, plunged 25% to $2.52, according to CoinMarketCap . That price drop reflected in part the removal of Korean exchanges' prices, which tended to be higher. Riot Blockchain ( RIOT ) skidded 4%, Marathon Patent Group ( MARA ) eased 1%, Long Blockchain (LBCC) lost 3.8%, and Overstock.com (OSTK) closed 3% higher on the stock market today . Bitcoin Investment Trust (GBTC) tumbled 5.7%. IBD'S TAKE: Worried about a Bitcoin bubble? Look instead at blockchain technology.A growing number of blockchain startups , have nothing to do with Bitcoin or its peers and analysts believe the technology adds real value to the market. South Korea has taken anincreasingly harder line on Bitcoin in recently m Continue reading >>

Coindesk - Leader In Blockchain News.

Coindesk - Leader In Blockchain News.

David Marcus, vice president of messaging products at Facebook and ex-PayPal president, has joined the board of directors at Coinbase. The SECs analysis of DAO tokens being securities will have what sort of impact on token sales going forward? (select all that apply) Token sales will fall in quantity but rise in quality More token sales will start requiring accreditation More token sales will start excluding potential U.S. investors Investors will be more cautious and diligent on the token sales they invest in Exchanges will not list tokens as quickly and nonchalantly Venture capital funding will rise relative to token sale funding None of the above, token sales will continue similarly to how they have been I would like to receive the following emails: CoinDesk Weekly - Insights for the week ahead CoinDesk Daily - Our snapshot of the day's news Subscribe to our free newsletter and follow us Continue reading >>

Cryptocurrencies Now On Robinhood Trading App - Jan. 25, 2018

Cryptocurrencies Now On Robinhood Trading App - Jan. 25, 2018

Related: Tell me again why I shouldn't buy bitcoin? Cryptos can be even riskier than other investments because of extreme volatility and security risks associated with an asset in its relative infancy. But that hasn't stopped a wave of investors looking to jump in. Bitcoin has been the word on everyone's lips for the past few months, as the cryptocurrency has hit record highs. It has more than doubled since October and is now trading around $11,000, though down from its high just shy of $20,000 in December. Bitcoin is not new to Bhatt and Robinhood co-founder and co-CEO Vlad Tenev, though. They have been looking at bitcoin and cryptos for a long time, even as far back as 2010 when they were doing their own crypto mining on personal computers. "The thing we're seeing now, over the past year is that crypto and bitcoin are showing resiliency," says Bhatt. "So many times people have been quick to count it out. It has gone up and gone down. Now that resiliency is something that has some real staying power." There's growing demand -- particularly among young people -- to get in on the action. A recent study showed that if given $5,000, 12% of Millennials would put the money into cryptocurrency over any other type of investment, according to Swell Investing. That's compared with just 3% of those aged 45-54 and 55-64. Men were more interested than women in putting their money in crypto, with 14% of Millennial men saying they would opt for that over any other investment, compared with 9% of women. Related: Bitcoin mania: What the big names of finance are saying For a company that has pegged itself as democratizing capitalism and making high-end financial products available to everyone, offering crypto is a natural fit with Robinhood's mission, Bhatt says. "Crypto-currencies hav Continue reading >>

Here's Why Bitcoin And Other Cryptocurrencies Are Still Crashing

Here's Why Bitcoin And Other Cryptocurrencies Are Still Crashing

Here's Why Bitcoin and Other Cryptocurrencies Are Still Crashing Cryptocurrencies have lost $80 billion in market value in one day. Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work! Follow @TMFMathGuy Bitcoin (BTC-USD) is having another rough day on Monday, down by nearly 13% to less than $7,500 -- its lowest price since November 2017. Other major cryptocurrencies aren't doing any better. Many leading "altcoins" such as Ripple and Stellar are down by more than 40% over the past week. While extreme volatility is common in the cryptocurrency markets, if this were happening in the stock market, we would call it a crash. Here's a look at the 10 largest cryptocurrencies by market capitalization and how much each has changed over the past 24 hours as well as over the past week. Data source: www.investing.com. Prices and daily changes as of Feb. 5, 2018 at 11:15 a.m. EST, and prices are rounded to the nearest cent where appropriate. As you can see, the cryptocurrency sell-off continues and is widespread. Bitcoin (BTC-USD) isn't even close to being the worst performer. Not one of the 10 largest cryptocurrencies is down by less than 10%. For the week, the best performer (Litecoin) is down by "only" 29% while the worst performer, NEM, which was the recent target of the largest cryptocurrency hack ever, is off by nearly 50%. In fact, of the 100 largest cryptocurrencies by market cap, only two are positive on Monday. Why is the cryptocurrency market crashing? It's difficult to pinpoint one specific reason for the sell-off. Rather, a wave of Continue reading >>

News - Bitcoin News

News - Bitcoin News

Coinsource Adds 18 Bitcoin ATMs in Atlanta, Among Ten Most Unbanked US Cities The Texas-based bitcoin ATM network, Coinsource has deployed 20 new machines in the state of Georgia, marking its single largest installation to date. 18 bitcoin ATMs have been installed in the city of Atlanta, and 2 machines in the nearby college town of Athens.Also Read: NYU Plans to Launch an Undergraduate Course in CryptocurrenciesThe company's CEO Sheffield Clark said, This is a major opportunity... Japan Increases Lead Approves Another Four New Cryptocurrency Exchanges The Japanese Financial Services Agency has approved four more cryptocurrency exchanges to legally operate in Japan. This is the second round of approvals by the agency; the first was for 11 exchanges in September.Also read:No Regulation Needed Moscow Stock Exchange Plans to Trade Bitcoin FuturesMore Crypto Exchanges Approved by FSAThe Japanese Financial Services Agency (FSA) has posted on its website the details of... Bitcoins Price Rocket is Bringing Out New Prophets of Doom: Nobel Economist, Vanguard Founder, Fed Governor Curiously, bitcoin's success has brought out new prophets of doom (few below 60 years of age though), and the digital asset's price only fuels their predictions: Nobel Prize-winning economist wants it outlawed, a legendary investment guru says it's a plague, and a Federal Reserve Governor worries financial stability itself might be at risk.Also read:Egypt Finance Attorney General Calls for International Governance of BitcoinNobel Economist... Bitcoin Cash Network Status: Transactions On the Rise The Bitcoin Cash network is trucking along as the blockchain is currently finishing up its fourth month of existence. As more adoption and infrastructure support has been added to the BCH network over the past Continue reading >>

So You're Thinking About Investing In Bitcoin? Don't

So You're Thinking About Investing In Bitcoin? Don't

So you're thinking about investing in bitcoin? Don't So you're thinking about investing in bitcoin? Don't A collective insanity has sprouted around the new field of cryptocurrencies, causing an irrational gold rush. I know youre tempted, but dont be a fool Mr Money Mustache is a financial blogger. He retired at 30 by living frugally and consistently investing his paycheck Last modified on Mon 15 Jan 2018 13.57EST An investment is something that has intrinsic value, not speculative value.Photograph: Anadolu Agency/Getty Images Ive been watching this bitcoin situation for a few years, assuming it would just blow over. But a collective insanity has sprouted around the new field of cryptocurrencies, causing an irrational gold rush worldwide. It has gotten to the point where a large number of financial stories and questions in my inbox ask whether or not to invest in BitCoin. Lets start with the answer: no. You should not invest in Bitcoin. The reason why is that its not an investment; just as gold, tulip bulbs, Beanie Babies, and rare baseball cards are also not investments. These are all things that people have bought in the past, driving them to absurd prices, not because they did anything useful or produced money or had social value, but solely because people thought they could sell them on to someone else for more money in the future. When you make this kind of purchase which you should never do you are speculating. This is not a useful activity. Youre playing a psychological, win-lose battle against other humans with money as the sole objective. Even if you win money through dumb luck, you have lost time and energy, which means you have lost. Bitcoin and cryptocurrencies 'will come to bad end', says Warren Buffett Investing means buying an asset that actually creates Continue reading >>

Bitcoin Price - Latest Updates: Cryptocurrency Surges Towards $10,000

Bitcoin Price - Latest Updates: Cryptocurrency Surges Towards $10,000

Bitcoin price - latest updates: Cryptocurrency surges towards $10,000 The value of the digital currency has shifted wildly over recent weeks. This article is being regularly updated with the latest changes The value of bitcoin has seen significant gains over the last week, following a period of relative stability hoveringabove $9,000. If it continues its good form, it could break above $10,000 in the coming days. The volatile cryptocurrencys price has shiftedwildly eversince mid-December - whenit hit a record high of more than $19,850 (14,214)- with frequent heavy drops and speedy recoveries. Its priceplummet back to earth in January and February, as governments and central banks around the worldraised the spectre of future regulation. Bitcoins value plummeted again shortly before Christmas, dropping by almost $2,000 (1,449) in just an hour at one point, and almost slipping below the $11,000 mark (7,970). It then bounced back, before tumbling again in mid-January, recovering again, and plummeting at the start of February before levelling out for the rest of the month. March saw bitcoin's price drop below $10,000, reachinga low of $6,500 before rebounding above $7,000. Aside from the looming prospect of regulation, aseries of high-profile thefts have also had a hand in the sudden rapid dips in value bitcoin and its rivals have experienced - the most recent of which was a failed raid on the Binancecryptocurrency exchange . Google's announcement that it would ban cryptocurrency advertising from its pages from June on the grounds that it considers it "deceptive content" was also a major blow to the sector. Recent goings-on have demonstrated just how quickly things can change for investors. It is worth $9,675as of Fridaymorning, up from around $6,500 in early April, accordi Continue reading >>

Bitcoin Price News Todays Value In Gbp And Usd Amid Crunch Time For Btc Cryptocurrency

Bitcoin Price News Todays Value In Gbp And Usd Amid Crunch Time For Btc Cryptocurrency

Bitcoin price news todays value in GBP and USD amid crunch time for BTC cryptocurrency Bitcoin's value fell to devastating lows in 2018 after a dramatic start to the year - but the currency is now levelling out BITCOIN is the world's leading cryptocurrency and has sent shockwaves through the financial markets. Its meteoric rise in value last year has been followed by an equally dramatic plunge - but what is it worth today? Bitcoin is the world's leading cryptocurrency Bitcoin was trading at around 6,254 ($8,841) at 10:50pm tonight - a slight drop of around 2.81 per cent from opening today. Twitter CEO Jack Dorsey said today that Bitcoin will become the world's first single currency. He said: "The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin." Cryptocurrencies pose a risk to British consumers, the Bank of England's chief economist Andy Haldane said previously said. He said there are lots of potential dangers, one of which is the danger to the consumer from "buying into this stuff". At the depths of its free-fall, bitcoin's value had fallen by nearly three quarters since its record high of 14,837 on December 18. A Bitcoin was worth just 4,350 on February 6 but swelled to nearly twice that just a fortnight later. Its price was damaged by South Korea's plan to ban anonymous cryptocurrency trading, sending the market into a tailspin. Justice minister Park Sang-ki said the government was preparing a bill to bantrading of the virtual currencyon domestic exchanges. Analysts had warned of a bubble after the price soared beyond $10,000 for the first time in late November 2017 and peaked at almost twice that three weeks later. The surge was attributed to demand in China, where authorities warn Continue reading >>

The Insane Things That Bitcoin Investors Are Doing Now | Money

The Insane Things That Bitcoin Investors Are Doing Now | Money

Nearly everyone you meet these days seems to have an opinion about which cryptocurrency is poised to be the next Bitcoin. Will it be Stellar or NEM or Ripple? The names change every week, like a parlor game. But that implies that folks are playing an innocent game where the stakes are low and the entertainment value is high. Unfortunately, recent surveys indicate that the cryptocurrency craze is anything but harmless. Here are all the risky things people are doing to jump on the Bitcoin bandwagon: A recent survey of Bitcoin investors found that 18% purchased their cryptocurrencies with the use of credit cards, according to the consumer group LendEDU. It gets even worse. Of those investors that used credit cards to purchase Bitcoin, 22% had not paid off their card balances. Whats more, 70% argue that the interest theyre paying on that credit card debt is worth the price of owning Bitcoin. Even more concerning, 88% of the survey respondents say they plan to pay off their credit card by selling their Bitcoins. In other words, to free themselves from their cryptocurrency-induced credit card debt, these investors have to see the value of Bitcoin rise considerablysince theyre also likely looking for investment gains. Of course, these investors are ignoring one big thing: the significant risk that bitcoin could fall in price, which it hasdropping almost in half since its peak in December. With the average credit card APR at 16.67% , borrowing $5,000 to buy Bitcoin could add potentially thousands of dollars in debt if theyre paying back the credit card bill with monthly minimums while awaiting that Bitcoin to boom. Plastic is not the only way people are apparently taking this mania to new levels of financial insecurity. In December, Joseph Borg , head of the North American Sec Continue reading >>

Bitcoins Price Crashed, But Its Still Devouring An Obscene Amount Of Energy

Bitcoins Price Crashed, But Its Still Devouring An Obscene Amount Of Energy

Bitcoins price crashed, but its still devouring an obscene amount of energy Electricity consumption from Bitcoin rose to a record high of 47 terawatt-hours this week. This is not what an actual bitcoin looks like. Bitcoin is plummeting, with the price of a coin falling from a December high of $19,500 to $8,242 as of Tuesday morning. The crash came a day after Wall Street got its own long-overdue correction: The Dow Jones Industrial Average fell by 4.6 percent on Monday, the worst point drop for the index ever. Bitcoins peaks and valleys over the last six months Last years soaring Bitcoin prices led to a huge speculation frenzy , but now coin holders are rattled . Facebook is banning ads promoting Bitcoin and other cryptocurrencies, while banks including Citigroup, Bank of America, Capital One, and Discover have stopped Bitcoin purchases on credit. Some Bitcoin enthusiasts and market analysts believe this is the start of a true crash , including Nouriel Roubini, a professor at New York University who is one of the worlds most well-known economists. As expected Bitcoin now crashes below $6000. Now the $5K handle is reached. And the US Congressional Hearing on Crypto-Scams is still a day away. HODL nuts will hold their melting Bitcoins all the way down to ZERO while scammers and whales dump and run... Nouriel Roubini (@Nouriel) February 6, 2018 (HODL is Bitcoin lingo for hold on for dear life, referring to coin holders that dont want to sell in hopes of a rebound.) But others say the current decline is a typical seasonal event. Here I tweet again the course of Bitcoin the last 4 years. January: Bitcoin went down the last 4 years. February: Bitcoin went up in mid-February. Daagle [Hashgraph vs. Blockchain] (@Daagle23) February 3, 2018 The drop in price, though, hasnt had m Continue reading >>

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