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Bitcoin Slump Sees Trades Suspended On Certain Exchanges

Bitcoin Slump Sees Trades Suspended On Certain Exchanges

Bitcoin slump sees trades suspended on certain exchanges These are external links and will open in a new window Bitcoin plunged on Friday, extending a fall that saw the crypto-currency lose almost a third of its value from a record of nearly $20,000 (15,000). The crypto-currency's price dipped below $11,000 on Friday, according to the Coindesk exchange website, before recovering to above $13,000. Amid the swings, three Bitcoin-related exchanges suspended certain trades. Bitcoin has had a blistering trip over the past 12 months. Its price at the start of the year was about $1,000. It has skyrocketed since - more than doubling in value since November - drawing interest from major firms as well as private investors. But since Sunday Bitcoin has been on a losing streak, falling back to where it was at the start of December. Analysts said investors should be prepared for such rapid changes, which have characterised the asset from its start. "This is exactly how this asset trades and has done since the beginning," said Nick Colas, co-founder of New York-based DataTrek Research. "It has a lot of volatility and it will for the foreseeable future." This week's plunge led to a flood of trades that swamped one of Bitcoin's major exchanges, Coinbase, on Friday. A technical slowdown prompted the firm to halt buying and selling twice. The CME and CBOE exchanges in the US also temporarily suspended trading of certain Bitcoin futures contracts, which allow investors to bet on where they expect the price of Bitcoin to be at certain points in the future. The exchanges have automatic brakes that apply once a commodity or asset has moved by a certain amount - as happened in this case. The market remains driven by sentiment, according to Charles Hayter, founder and chief executive of indus Continue reading >>

What Is Bitcoin? - Bbc News

What Is Bitcoin? - Bbc News

By Dan Macadam & Daniele Palumbo Business reporters These are external links and will open in a new window Image caption Bitcoin's value has been very volatile during its nine-year history The value of digital currency Bitcoin is making headlines again. Amid volatile trade in November and December, it hit a peak of more than $17,000 at one point - a staggering rise, given that it started the year at $1,000. So what exactly is Bitcoin, and what's behind the buying frenzy? There are two key traits of Bitcoin: it is digital and it is seen as an alternative currency. Unlike the notes or coins in your pocket, it largely exists online. Although there are some specialist ATMs which issue bitcoins, it may be best to think of them as being more like virtual tokens. And secondly, Bitcoin is not printed by governments or traditional banks. That means it is "not legal tender, you can't pay your taxes or use it to settle debts", says Dr Garrick Hileman of the Judge Business School at University of Cambridge. Bitcoins are created through a complex process known as "mining", and then monitored by a network of computers across the world. There's a steady stream of about 3,600 new bitcoins a day - with about 16.5 million now in circulation. However, like all currencies its value is determined by how much people are willing to buy and sell it for. No one is entirely sure. Some say it's a classic economic bubble: frenzied investors paying far more for an asset than it's worth for fear of missing out. They put it in the same bracket as the mania for Dutch tulip bulbs in the 1630s or internet companies in the dot.com boom. Others point to the growing prospect of Bitcoin crossing over into the financial mainstream. "Speculation is a big part of this, but there are signs of growing use," say Continue reading >>

Bitcoin Twitter Newsletter

Bitcoin Twitter Newsletter

The latest Tweets from Bitcoin News (@BTCNewsletter). Top Trending Bitcoin BTC News The latest Tweets from IoT Newsletter. Learn about BTC Courses. The Complete Bitcoin Course.. Not on Twitter? Bitcoin Magazine provides news,. Our bitcoin guides help you get up to speed with the latest terminology and. Subscribe to the Bitcoin Magazine email newsletter. The Bitcoin News Leading Bitcoin and Crypto News since 2012 But what is Bitcoin, in the most basic sense?. Subscribe to the Bitcoin Magazine email newsletter. Thank you! Please check your inbox to confirm your subscription. Sign up for the Bitcoin. com Newsletter.. To Take Those First Steps co/SOf4bX4LhX pic.twitter.com/qV4I6sh5wJ Bitcoin News. 20 top bitcoin twitterers. Ariella Brown.. Among the members of Twitters burgeoning bitcoin community are. Subscribe to our free newsletter and follow us. Bitcoin and other cryptocurrencies are gaining traction as a source of funding for terrorist groups, such as the self-proclaimed Islamic State. Counterterrorism. Get the bitcoin news you can use as it happens. Join our newsletter for the latest developments and special offers from the world of bitcoin. Get the bitcoin news you can use as it happens. Join our newsletter for the latest developments and special offers from the world of bitcoin. The Bitcoin News Leading Bitcoin and Crypto News since 2012.. 73,000 twitter followers. Bitcoin Newsletter. Subscribe to BMJ and get exclusive bitcoin market analysis and insights,. Subscribe to our free email newsletter,. View BitcoinMktJrnls profile on Twitter; Share On Twitter Share On Google.. Bitcoin is just one. Sign up for our newsletter and get all the hottest news in your inbox daily. * This is a guest post by Cole Frank, a research associate at the Council on Foreign Relations.Chi Continue reading >>

Russian Nuclear Scientists Arrested For 'bitcoin Mining Plot'

Russian Nuclear Scientists Arrested For 'bitcoin Mining Plot'

Russian nuclear scientists arrested for 'Bitcoin mining plot' These are external links and will open in a new window Image caption The arrested scientists worked at the secret factory which made the USSR's first nuclear bomb Russian security officers have arrested several scientists working at a top-secret Russian nuclear warhead facility for allegedly mining crypto-currencies. The suspects had tried to use one of Russia's most powerful supercomputers to mine Bitcoins, media reports say. The Federal Nuclear Centre in Sarov, western Russia, is a restricted area. The centre's press service said: "There has been an unsanctioned attempt to use computer facilities for private purposes including so-called mining." The supercomputer was not supposed to be connected to the internet - to prevent intrusion - and once the scientists attempted to do so, the nuclear centre's security department was alerted. They were handed over to the Federal Security Service (FSB), the Russian news service Mash says. "As far as we are aware, a criminal case has been launched against them," the press service told Interfax news agency . Crypto-currencies like Bitcoin do not rely on centralised computer servers. People who provide computer processing power to the crypto-currency system, to enable transactions to take place, can get rewards in Bitcoins. In the Cold War the USSR's first nuclear bomb was produced at Sarov, during Joseph Stalin's rule. The top-secret town was not even marked on Soviet maps and special permits are still required for Russians to visit it. Putin, power and poison: Russias elite FSB spy club Sarov is surrounded by a tightly guarded no-man's-land, with barbed wire fences to keep the curious away. There are suspicions that the radioactive polonium-210 used to kill ex-FSB agen Continue reading >>

Bitcoin Cash To Be Big Winner In 2018, Says Cryptocurrencies Prediction

Bitcoin Cash To Be Big Winner In 2018, Says Cryptocurrencies Prediction

Bitcoin Cash To Be Big Winner In 2018, Says Cryptocurrencies Prediction Fantastic cryptocurrency story here as Bitcoin dominates the news with its volatility. Abrand-new, cutting edge tool uses historical data and an exclusive data-driven algorithm to predict the future price of the ten biggest cryptocurrencies. For instance, Bitcoin Cash looks set to replace Bitcoin as the hottest cryptocurrency out there, forecasted to rocket up to more than $2000 per unit by May 2018 thats a 130% jump in price! Bitcoin Cash set to be the next huge cryptocurrency boom * New data could also reveal the factors behind Bitcoins recent slump in price. * Bitcoin Cash is forecasted to rise to more than $2000 per unit by May 2018 a 130% jump in price. * By contrast, new research recommends steering clear of Ethereum, which is predicted to plummet by more than $237 per unit in the next month or so. * The piece also reveals NEOs price looks set to leap 145%, whilst Stellars will drop by 87%. Do you dream of becoming a Bitcoin billionaire? A brand new tool could be just what you need to make the best investment choices. Using detailed historical data across the past 14 months, Cryptocurrencies: Past, Present and Future makes cutting-edge predictions for the future of the top 10 virtual currencies. Using an exclusive, handcrafted algorithm, this Cryptocurrency predictor feeds historical data on price, trade volume, market cap and online popularity through a variety of analytical tools, including a Recurrent Neural Network, to forecast the exact rise and fall of ten chart-topping cryptocurrencies. The ten virtual currencies monitored within the piece include: Continue reading >>

Bitcoin: Would You Want To Get Paid In Cryptocurrency?

Bitcoin: Would You Want To Get Paid In Cryptocurrency?

Bitcoin: Would you want to get paid in cryptocurrency? These are external links and will open in a new window Bitcoin. Lots of people are talking about, but very few own it. So how would you feel about getting paid in the high profile cryptocurrency? From early next year, staff at Japanese internet firm GMO Group will be among the latest to find out how that feels. More than 4,000 employees are being given the option to receive a portion of their salary in Bitcoin. Critics say it is a marketing stunt, announced at a time when global interest in the financial technology has never been higher. It also carries risks: the volatile currency slumped last week but has since rebounded by more than 50%. But what will it really mean for employer and employee? Media playback is unsupported on your device Media captionBitcoin: charting a crazy 2017 Bitcoin salaries are usually paid according to the digital currency's value at an agreed date and time. To keep the numbers simple, if the Bitcoin price was $10,000 and an employee opted to have $1,000 in the digital currency, they would receive 0.1 Bitcoin. Employees who choose to sell right away would receive the same in cash as they would have been paid (so long as they had arranged for the sale to happen in advance). But holding onto the cryptocurrency, be it for a day, a week or a year, would see its value go up or go down. That $1,000 may end up being worth $5,000. Or potentially next to nothing. And so some argue that paying wages in Bitcoin effectively encourages people to gamble. "If an employee is receiving their salary in Bitcoin, they might as well be receiving lottery tickets", said Massimo Massa, professor of finance at INSEAD. Staff must be made aware that "there's no guarantee that its price will rise and there's no intr Continue reading >>

Bitcoin Slump Sees Trades Suspended On Certain Exchanges

Bitcoin Slump Sees Trades Suspended On Certain Exchanges

Bitcoin slump sees trades suspended on certain exchanges These are external links and will open in a new window Bitcoin plunged on Friday, extending a fall that saw the crypto-currency lose almost a third of its value from a record of nearly $20,000 (15,000). The crypto-currency's price dipped below $11,000 on Friday, according to the Coindesk exchange website, before recovering to above $13,000. Amid the swings, three Bitcoin-related exchanges suspended certain trades. Bitcoin has had a blistering trip over the past 12 months. Its price at the start of the year was about $1,000. It has skyrocketed since - more than doubling in value since November - drawing interest from major firms as well as private investors. But since Sunday Bitcoin has been on a losing streak, falling back to where it was at the start of December. Analysts said investors should be prepared for such rapid changes, which have characterised the asset from its start. "This is exactly how this asset trades and has done since the beginning," said Nick Colas, co-founder of New York-based DataTrek Research. "It has a lot of volatility and it will for the foreseeable future." This week's plunge led to a flood of trades that swamped one of Bitcoin's major exchanges, Coinbase, on Friday. A technical slowdown prompted the firm to halt buying and selling twice. The CME and CBOE exchanges in the US also temporarily suspended trading of certain Bitcoin futures contracts, which allow investors to bet on where they expect the price of Bitcoin to be at certain points in the future. The exchanges have automatic brakes that apply once a commodity or asset has moved by a certain amount - as happened in this case. The market remains driven by sentiment, according to Charles Hayter, founder and chief executive of indus Continue reading >>

The Future Of Money

The Future Of Money

All about the money: Around 320,000 bitcoin transactions take place every day. Is bitcoin the future of money? The biggest type of cryptocurrency has rocketed in value. But Jordan Belfort, a famous man who knows a lot about finance, has called it the biggest scam ever. A: A digital currency, created and held electronically, in digital wallets. Digital means it is only used in computer formats. Bitcoin is a cryptocurrency (crypto- means hidden or secret). It is encrypted (which means handled in computer code) digital money created and used on computers. Some people think it could be the future of banking because it is outside the control of governments. A: The value of bitcoin has jumped by a factor of five in the last seven months (meaning it is worth five times more). On March 25th this year, one bitcoin was worth $964.69. Now it is worth $5,518.85. Its value is predicted to keep on rising. Some believe it could reach a value of $10,000 by 2019. A: The rapid rise from April onwards can partly be explained by Japans actions. The Japanese have legalised it in their country which means it can be used as an official method of payment. Japans actions were a huge step towards making bitcoin mainstream. A: Unlike normal currencies bitcoin has no real, solid existence like notes or coins. People with bitcoin cannot go into a bitcoin bank to withdraw cash as you can if you bank with a high-street bank like HSBC, for example. Bitcoin is underpinned by a computer network made up of its users machines. Currency is mathematically generated in a complex process known as mining. A: Bitcoin runs on a technology called blockchain. Completed blocks are added to a constantly growing record that is kept securely and permanently on a computer. The mathematics of the system were set up so Continue reading >>

Bitcoin Futures Trading Begins On Cboe Exchange In Chicago

Bitcoin Futures Trading Begins On Cboe Exchange In Chicago

CBOE trading saw the Bitcoin futures contract expiring in January start at $15,000 before rising to above $18,000. The contract is based on the price of Bitcoin as quoted on the Gemini exchange. The Gemini exchange was set up by the Winklevoss twins, who were early fans of the crypto-currency and who have been called the first Bitcoin billionaires. A CBOE insider said its start was low key, with "no champagne". However, CBOE tweeted to warn that its website was running slowly and could be temporarily unavailable. Anticipation of the first mainstream listings have helped the controversial currency soar past $10,000 and then over $17,000 on Thursday before retreating. The price of Bitcoin stood at about $16,600 on Monday, according to Coindesk.com . Futures are contracts that allow investors to bet on the price of something at a future date. Investors can now bet on Bitcoin rising or falling in price without actually owning them. Futures are typically based on the price of a real commodity - such as oil. One of the controversial aspects of Bitcoin is that some do not see it as a "thing". Although it is called a currency, it can be argued it is an asset, or commodity, without any actual use or real assessable value. Nick Colas, of Data Trek research, said the futures listings gave Bitcoin "legitimacy - it recognises that it's an asset you can trade". Chris Ralph, chief investment officer at St James's Place told the BBC's Today programme that he remained cautious about the currency. "I refuse to use the word legitimate, but it's probably moved out of the shadows into the open," he said. "But what I think it means is more people in the conventional investment banking market will take a look at Bitcoin. "It has been described as the asset class of 2017 but when we went into Continue reading >>

Bitcoin: South Korea Sways Cryptocurrency Prices - But How?

Bitcoin: South Korea Sways Cryptocurrency Prices - But How?

Bitcoin: South Korea sways cryptocurrency prices - but how? These are external links and will open in a new window South Korea's government has been signalling that it plans to crack down on cryptocurrency trading. Exactly how it will do this remains vague. But just the threat of action has been enough to drive a sell-off across the market globally. Bitcoin, for example, has lost nearly a quarter of its value in the past week. And so on Wednesday the virtual currency - which last month looked set to breach the $20,000 (14,500) mark - was trading closer to $12,000. Prices of cryptocurrencies are volatile at the best of time. Rises and falls of 10% or more in a day are not uncommon. And pinning down rationale for those sharp movements often involves guesswork. But it seems that events in one relatively small Asian nation can have a significant effect on the market. How important is South Korea to virtual currency markets? South Korea is the third-biggest market in the world for Bitcoin trades, behind Japan and the US, according to the digital currency website Coinhills. That's an estimate made by looking at counting the volume of Bitcoins that have been exchanged for various currencies. Of course, a buyer could be sitting in Singapore or Serbia while using South Korean won to trade, but the Coinhills breakdown is pretty much the best we have to go on. The Korea Blockchain Industry Association estimates that South Korea has more than a dozen cryptocurrency exchanges. And there's so much demand that the virtual currency has traded at as much as a 30% premium compared with other countries. Taken together, you get a decent feel for how big this industry has become in a country of fewer than 50 million people. Amid tales of schoolchildren and housewives rushing in to buy virt Continue reading >>

Bitcoin Dips Below $10,000 For First Time Since December

Bitcoin Dips Below $10,000 For First Time Since December

Bitcoin dips below $10,000 for first time since December These are external links and will open in a new window Image caption Bitcoin came close to crossing $20,000 in December Bitcoin has traded below $10,000 for the first time since early December. The value of one bitcoin fell to $9,958 (7,222) before making a slight recovery, according to a price index run by the news site Coindesk . However, it later fell again dipping just below $9,200. That represents a drop of more than 53% since it peaked close to $19,800 five weeks ago. Other crypto-currencies have also experienced steep falls, including Ethereum, Ripple and Bitcoin Cash. There has been concern among some experts that a bubble had been forming in the market as casual investors piled into an asset they did not fully understand. It is notoriously difficult to be certain of what causes moves in Bitcoin's value - the asset has been much more volatile than most traditional currencies and commodities to date - but speculation that regulators may be about to restrict trade has been causing concern. In particular, South Korea has suggested that it might soon take action. "The government stance is that it needs to regulate crypto-currency investment as it is a largely speculative investment," its finance minister Kim Dong-yeon said in a radio interview on Tuesday. "The shutdown of virtual currency exchanges is still one of the options [that the government has]." Earlier this week, the Bloomberg news agency reported that the Chinese authorities were planning to restrict local access to crypto-currency trading platforms, having already taken steps to curb Bitcoin mining - the process that validates transactions. Investors may also have been spooked by Bitconnect's announcement that it was closing down its lending and ex 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 >>

The Best Cryptocurrency Youtube Channels

The Best Cryptocurrency Youtube Channels

One of the best ways to learn about the marvelous world of cryptocurrency, BitCoin, Alt Coins & blockchain technology is to tune into YouTube so today we are going to cover the best cryptocurrency YouTube channels. Finding the right authority figures in the space is easier said than done though as there's an abundance of scammers and low-quality channels spouting misinformation, FUD (Fear, Uncertainty & Doubt) and generally not doing a good job of educating people of the facts. Fortunately, we are here to do the search for you and save you time. So let's get started, what are the best cryptocurrency YouTube channels? The WCN YouTube channel started in 2014 and features an alternating panel of crypto OG's and blockchain developers that discuss daily topics in the cryptocurrency and blockchain domain. They have a weekly show known as "The Bitcoin Group" every Friday and other daily panels throughout the week. Typically hosted by Jeffrey Jones aka Vortex, the show features popular panelists such as Thomas Hunt (MadBitcoins), Tone Vays, Andy Hoffman and various others that pop in from time to time. Andy Hoffman hosts a segment called One-on-One that includes, of course, one on one interviews with various experts in the field. Thomas Hunt hosts a weekly segment known as the Bitcoin Talk show, where he opens with a short excerpt from some of his favorite literature, Thomas also often hosts "Today in Bitcoin" a live show featuring events of the day. DataDash is one of the best channels for keeping up with trading cryptocurrencies and altcoins. Nick (the host) is very genuine and authoritative and gets 5 out of 5 on the trust score from us. Don't let his youthful looks fool you, this guy knows what he's talking about and has over 50k subscribers as a result. Nick also speciali Continue reading >>

Bitcoin Falls Below $6,000

Bitcoin Falls Below $6,000

These are external links and will open in a new window Image caption The price of Bitcoin has fallen below $6,000, as governments continue to tighten crypto-currency legislation The value of Bitcoin has fallen to below $6,000 - its lowest price since November 2017. The price fell to $5,947.40 (4,256.44) on Tuesday, according to a price index run by news website Coindesk. Bitcoin reached its peak in November, when it hit $19,000, and then began to fall steadily from mid-December. The latest fall comes a day after several major US and UK banks banned customers from using credit cards to purchase the digital currency . Tightening legislation in several countries appears to have shaken confidence in crypto-currencies. The price of Ethereum, which at its height on 9 January was $1,255.89, fell as low as $574.42 Bitcoin Cash, which hit a peak $4,091.70 on 20 December 2017, slipped to $766.03 Litecoin, which reached $366.01 on 19 December 2017, dropped to $106.94 The assets later stage a partial recovery, with Bitcoin rising to about $7,418 before falling back again. Chinese state media is reporting that China will soon take steps to prevent investors from accessing foreign virtual currency exchanges, although it is not clear how the government intends to achieve this. China and South Korea have already banned initial coin offerings , while Japan and Australia have taken steps to tighten Bitcoin regulations. The US is likely to follow suit - on Tuesday, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) testified before the Senate regarding digital currencies. The SEC's chairman Jay Clayton said that his agency was already able to police initial coin offerings. But he added: "We are open to exploring with Congress, as well as w Continue reading >>

Bitcoin, Mobile Payments And The Future Of Money

Bitcoin, Mobile Payments And The Future Of Money

Bitcoin, mobile payments and the future of money Money is changing, with a range of innovative new technologies looking to disrupt the established financial structures. Chief among these are the crypto-currencies such as Bitcoin. But what are they, where did they come from, and are they really a threat to the traditional monetary system? In 2008, a paper appeared in a newsletter to members of the Cryptography Mailing list, outlining a plan for a new kind of currency called Bitcoin. The following year, the first units of this new currency were available, following release of the Bitcoin software and the launch of its online network. The wider world, preoccupied with the maelstrom of financial meltdown, took very little notice. Over the next few years, the community of Bitcoin users seems to have grown, while the value of the currency in circulation has now risen to $10 billion . The online currency converter XE lists the value of 1 bitcoin at 566.12 (4 February 2014). It is accepted by an increasing number of online businesses including Wordpress and Reddit, while bricks-and-mortar businesses, including a British pub chain and shops in a whole district of Berlin , have begun to accept the currency. Bitcoins are obtained in the first instance by mining (running complex computer algorithms), purchasing from a Bitcoin Exchange, or exchanging for goods and services. They are then stored in a digital wallet which is only accessible by the owner. October 2013 saw the arrival of the worlds first Bitcoin ATM , in Vancouver, where users can withdraw their bitcoin cash in local currency. Its perhaps no coincidence that the rise of digital currencies has coincided with a time of turmoil and growing mistrust in the established global financial system. The way Bitcoin describes itse Continue reading >>

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