The kingpin behind the black-market Web site Silk Road is just like the “Cannibal Cop” — he’s all talk and no action, his lawyer insisted Thursday. Lawyer Joshua Dratel said in court that his client, Ross Ulbricht, only talked about hiring hitmen to kill people in online chats and there is no proof that any… bitcoins | New York Post"Silk Road kingpin uses ‘Cannibal Cop’ defense"
Bitcoin is back below $ 1,000. Aggressive selling on Friday has the cryptocurrency down 4.1% at $ 987 a coin as traders remain uneasy over its near-term outlook. Traders continue to grapple with a number of headwinds. The future of bitcoin was called into question last weeekend as a rift among developers has created the possibility that a “hard fork,” or alternative marketplace could emerge, splitting the cryptocurrency in two. Additionally, traders have had to contend with…"Bitcoin tumbles below $1,000"
The total value of all bitcoins in circulation hit a record high above $ 14 billion on Thursday, as the web-based digital currency jumped 5 percent on the day to its highest levels in three years after more than doubling in price this year. The price of one bitcoin reached $ 875 on the Europe-based Bitstamp exchange,… bitcoins | New York Post"Chinese investors drive bitcoin value to record high"
Bitcoin is under pressure. Selling on Wednesday has the cryptocurrency down 9% at $ 1,014 a coin, where it is now more than 20% below its all-time high from earlier this month. There’s no obvious trigger for the drop, but trading in bitcoin has been extremely volatile lately as traders parse through a large amount of headline risk. On March 10, when the price peaked, sellers slammed bitcoin below the $ 1,000 level after the US Securities…"Bitcoin is tanking"
In a year when whipsawing markets are poised to end much higher, one of Wall Street’s most curious investments could come out on top: bitcoin. The digital currency is one of the best-performing assets of 2016, rising more than 124 percent since the start of the year — as investors in China and India push… bitcoins | New York Post"Bitcoin price surges to nearly $1K as year ends"
When a friend sent my wife and me bitcoin as a gift for our wedding last fall, we weren’t quite sure what to do with it. Should we think of the seven-year-old digital currency like an investment and try to ride its daily fluctuations like a stock? Should we convert it back into dollars and avoid the market entirely? Or should we spend the bitcoin through a vendor that accepts it? Our indecision spoke to…"I’m a Bitcoin Novice Who Rode the Digital Currency’s Rally. Here’s What I Learned"
A controversial solution to a massive theft in the world of cryptocurrencies was implemented on Wednesday. If it works, it will see tens of millions returned to the original owners, but doing so may harm the reputation of the platform on which that currency was created. The “hard fork” of the underlying software behind Ethereum went live Wednesday morning, with miners, developers, and users being give a choice of whether or not to adopt it, setting…"Ethereum Gets Its Hard Fork, and the ‘Truth’ Gets Tested"
After looking like it was on the edge of a cliff last week, Bitcoin crashed over the weekend and lost more than 20% of its value. The crypto-currency fell as low as $ 970 and is trading at just over $ 1,000 this morning, after reaching $ 1,259 last week. According to The Wall Street Journal, the crash is due to a disagreement among Bitcoin developers. Behind the scenes, there’s been a running two-year battle…"Bitcoin just crashed 20% as the developers fight over its future"
There are a few good reasons to use bitcoin: It’s global, private and won’t bulk up your wallet. But there’s another more sinister perk. The currency will not be traceable when you collect it as ransom for a computer taken hostage from a community college in Southern California. A gang of hackers recently held Los… bitcoins | New York Post"Bitcoin is leading to computer hostage situations"
Bitcoin’s price has stabilized following this week’s massive hack and theft of $ 65 million in bitcoin from a Hong Kong exchange, as some traders seized on the lower price to strategically buy the dip. Myriad questions about the hack itself remain unanswered, however. On Tuesday, a trading site called Bitfinex was attacked by a hacker, who exploited the site’s security protocols and stole just under 200,000 bitcoins, at the time worth about $ 65…"Bitcoin Price Recovers as Hacked Exchange Remains Offline"