Bitcoin Cash, an alternative version of the digital currency bitcoin that launched earlier this month, saw its price spike sharply overnight, as much as 86% after the fledgling network showed it could handle the kinds of higher traffic for which it was built. Bitcoin Cash was most recently up 66% at $ 567. Its total market capitalization is now $ 9.4 billion, which pushed it over the $ 6.1 billion market cap of a cryptocurrency called…"‘Bitcoin Cash’ Jumps 86%, Now the Third-Most Valuable Digital Currency"
When Erik Finman was 12 years old, he turned a $ 1,000 gift from his grandmother — intended for his scholarship fund — into an investment in Bitcoin. This was in 2011, when the digital currency was still only worth $ 12. In 2014, when he was 15, Finman made a proposal to his parents: He would drop out of his suburban Idaho high school, where he was miserable, and sell $ 100,000 worth of…"This teenage Bitcoin millionaire high school dropout is sending a signed Taylor Swift CD into space"
Bitcoin has tumbled below $ 4,000, down 7% at 3,996 a coin, after a strong surge pushed the cryptocurrency’s price to almost $ 4,500 on Monday. Still, the price of the cryptocurrency is up 323% year-to-date. Bitcoin was on a tear following the August 1 fork that split the cryptocurrency in two. Bitcoin’s recent meteoric rise grabbed the attention of Wall Street. Goldman Sachs, for instance, told clients in an August 10 note that the cryptocurrency space is worth…"Bitcoin tumbles below $4,000"
Fidelity is testing out a new service to help make life easier for its clients who invest in cryptocurrencies. The $ 2.3 trillion investor announced on Wednesday a partnership between its Fidelity Labs, the firm’s innovation center, and Coinbase, the cryptocurrency exchange serving nearly 9 million customers. As part of the partnership, Coinbase users will be able to view their bitcoin, ethereum, and litecoin holdings alongside their other accounts in their Fidelity Portfolio. The company told Business Insider it’s not…"Fidelity, the $2.3 trillion investment giant, is testing out a new cryptocurrency service"
Cryptocurrencies are blisteringly hot right now. Bitcoin just crossed the $ 3,500 mark for the first time and is up 493.38% over the last year. The meteoric rise of cryptocurrencies has been a boost to several chip makers. Nvidia and AMD are the two largest manufacturers producing graphics processing units that cryptocurrency users take advantage of to speed up the network. GPUs from both AMD and Nvidia have been sold out in many places as demand for…"Nvidia and AMD have very different views on cryptocurrencies (NVDA, AMD)"
Satoshi, eat your heart out (if you exist). In addition to Bitcoin, there are now hundreds of cryptocurrencies in circulation, some more liquid than others. Not all seem quite kosher in the figurative sense of the word. Only one may be in the literal sense: BitCoen. Tablet Magazine reports that Russian entrepreneur Vyacheslav Semenchuk is launching a cryptocurrency with “the values and customs of the ancient foundations in the framework of Jewish law.” The currency would be overseen…"Oy, Such a Currency"
There is a lot of hype around cryptocurrencies right now, but it won’t be enough to save AMD. Bitcoin has forked, bitcoin cash is higher than investors thought, and most cryptocurrencies are growing at rates that are hard to keep track of. This hype has given a boost to companies like AMD and Nvidia, who’s graphics cards are selling like crazy as miners try to grab their piece of the cryptocurrency tidal wave. But, cryptocurrencies are…"BARCLAYS: AMD can’t be saved by cryptocurrencies (AMD, NVIDIA)"
In the market for drugs, guns, explosive chemicals, counterfeit goods? Look no further than the so-called “dark web,” the marketplace of choice for ISIS, Russian hackers, child pornographers, arms traffickers and the errant drug dabbler — and the bane of international law enforcement for as long as there has been an Internet. The dark web… bitcoins | New York Post"The ‘dark web’ is where criminals get their illicit goods"
Bitcoin is trading at record highs on Monday, but the cryptocurrency may still be far from hitting its ceiling. The cryptocurrency has rallied 16.19% since July 31, despite last week’s fork that split it in two. It’s up 465% since last year. According to analysis by Dennis Porto, a bitcoin investor and Harvard academic, the bitcoin’s price could hit $ 100,000 per coin if it continues to follow one of tech’s “golden rules,” Moore’s Law. The rule, which was…"Bitcoin can get to $100,000 if it keeps following one of tech’s golden rules"
Dear John: I really think you missed the boat on bitcoin. You assume bitcoin is just money, when in fact it has many other uses. It’s here to stay, and will disrupt every industry, including governance. Bitcoin ATMs are an easy on/off ramp, since due to regulations in the US it’s very hard to get… bitcoins | New York Post"Illicit activity is hurting Bitcoin’s future"