Bitcoin is trading at its best level in a month. The cryptocurrency is up 2.8% at $ 1241.35 a coin and is within striking distance of its all-time closing high of $ 1277.65, which was set on March 6. Four days later, bitcoin put in a record high of $ 1327.19 before crashing more than 25% after the US Securities and Exchange Commission rejected the Winklevoss twins’ plans for a bitcoin ETF. The SEC rejected the plans…"Bitcoin is closing in on its all-time high"
Blythe Masters is walking a tightrope to her next career in high finance. The 46-year-old finance whiz, once the most powerful woman on Wall Street, is in high-stakes negotiations with investors for a $ 35 million financing round at the technology startup she now heads that will value the company at $ 100 million, The Post has… bitcoins | New York Post"Blythe Masters’ startup seeks $35M financing round"
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"
R3 CEV, the much-watched but opaque startup that brought together more than 60 banks in an effort to build a blockchain-based platform for the financial industry, finally took the wraps off its plans, filing a patent application for software within a new platform it calls Concord. Executives from the company sat down with us earlier this week and gave us a preview of the product, from which the following was derived. Concord is a platform that…"A Closer Look at R3′s Concord"
Bitcoin is higher for a second straight day on Tuesday, trading up 6.5% at $ 1,110 a coin as of 2:13 p.m. ET. The cryptocurrency has rallied about 17% since Sunday’s low, rebounding from a slump over the weekend that followed a Wall Street Journal report that the cryptocurrency’s developers were threatening to set up a “hard fork,” or alternative marketplace for bitcoin. The new platform would be incompatible with the current platform, thus creating a split…"Bitcoin is roaring back"
From Bruce Springsteen to bitcoin guru? Michael Solomon, a New York talent mogul who lately has shifted his focus from rock stars to tech geniuses, just landed a client who he says qualifies as both. Jeff Garzik — a core developer of the blockchain technology that underlies the controversial cryptocurrency bitcoin — is now available… bitcoins | New York Post"Bruce Springsteen’s promoter ventures into bitcoin"
The UK’s Royal Mint is teaming up with the world’s biggest futures exchange operator to launch a new way to trade physical gold based on the technology behind the digital currency bitcoin. The product, to be called Royal Mint Gold, or RMG, will launch in 2017, the mint said in a joint press release with Chicago-based exchange giant CME Group on Tuesday. Each RMG will be a digital record certifying ownership of gold at a…"Using the Blockchain to Trade Gold, Via a 1,000-Year-Old Institution"
One of the world’s hottest assets is also the newest way to invest for retirement. But it carries the most old-fashioned risk of all: losing buckets of money in the blink of an eye. Since last June, Bitcoin IRA, a firm based in Sherman Oaks, Calif., has been offering Individual Retirement Accounts that can provide direct ownership interests in bitcoin, the so-called cryptocurrency. The firm’s timing couldn’t be better: Bitcoin’s market value shot up 123%…"Should You Put Bitcoin in Your IRA?"
Bitcoin is trading up 1.2% at $ 1,049 a coin as of 7:37 a.m. ET after aggressive selling on Wednesday slammed the cryptocurrency below the $ 1,000 level for just the second time since the beginning of Febraury. Traders continue to grapple with the possibility that developers could set up a “hard fork,” or alternative marketplace for bitcoin, as well a crackdown on trading in China and the US Securities and Exchange Commission’s upcoming rulings on bitcoin ETFs. Thursday’s buying…"Bitcoin spikes above $1,000"
Once the top woman on Wall Street, now Blythe Masters is moving in on tech. Digital Asset Holdings, the financial tech company led by Masters, announced Thursday it raised more than $ 50 million from 13 financial companies in its latest funding round after struggling for months to close the deal with some of Wall Street’s biggest… bitcoins | New York Post"Blythe Masters’ startup exceeds $50M fundraising goal"