A Can’t-Lose Bet on Trump and Bitcoin

A wager involving Donald Trump and bitcoin gives new meaning to the phrase no lose proposition. Gambling site BetMoose allows anonymous players to make wagers on all manner of events from the Oscars to the French presidential election. But one bet in particular has an odd payoff structure: Will Trump ban Bitcoin? An anonymous player, “Protus,” has a wager for both “yes” and “no,” which might normally be a sort of arbitrage. Protus, who has…

"A Can’t-Lose Bet on Trump and Bitcoin"

Bitcoin Price Recovers as True Believers Keep the Faith

For a crowd of uber-distrustful cryptoanarchists, bitcoiners are still a pretty optimistic lot. How else to describe the price action over the weekend for the digital currency, which ostensibly suffered a sharp setback after the Securities and Exchange Commission denied an application from Cameron and Tyler Winklevoss to build and sell a bitcoin-based exchange traded fund? The price of bitcoin on Friday plunged after the SEC order came out. After trading as high as $…

"Bitcoin Price Recovers as True Believers Keep the Faith"

Bitcoin is making a gigantic comeback

Bitcoin is making a gigantic comeback. The cryptocurrency had plunged by more than 16% shortly after US markets closed Friday, putting in a low of $ 978, following the US Securities and Exchange Commission’s ruling to reject the Winklevoss twins’ exchange-traded fund. But now it’s back to $ 1,231, up 26% from its lows and about $ 60 below its preannouncement levels. Bitcoin hit an all-time high of $ 1,327 on Friday morning. “Based on…

"Bitcoin is making a gigantic comeback"

Winklevoss’ Bitcoin Trust tanks after SEC denies application

Winklivanquished. In a decision that shocked Wall Street, the US government denied the application of Tyler and Cameron Winklevoss — the brothers who once claimed to be co-inventors of Facebook — to operate an exchange-traded fund (ETF) to make it easier for investors to buy Bitcoin. The decision by the Securities and Exchange Commission torpedoes… bitcoins | New York Post

"Winklevoss’ Bitcoin Trust tanks after SEC denies application"

Volatile Bitcoin Nears Its All-Time High

The price of the digital currency bitcoin is once again testing its all-time highs as a shake-up in China gives a boost to the Japanese cryptocurrency market and speculation mounts about a possible bitcoin exchange-traded fund. Bitcoin on Wednesday traded as high as $ 1,125, according to Coindesk’s Bitcoin Price Index, approaching its intraday high of $ 1,150, set on Jan. 5. That prior high, though, was the start of a steep drop. From Jan 5…

"Volatile Bitcoin Nears Its All-Time High"

Bitcoin crashes after the SEC rejects the Winklevoss twins’ ETF

Bitcoin is crashing after the Securities and Exchange Commission rejected Tyler and Cameron Winklevoss’ proposal for an exchange-traded fund. The cryptocurrency plunged more than 16% in the moments after the decision was released and is now down 14%, or $ 192, at $ 1,000 per bitcoin. “As discussed further below, the Commission is disapproving this proposed rule change because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act,…

"Bitcoin crashes after the SEC rejects the Winklevoss twins’ ETF"

Gold 2.0 (Bitcoin) Price Now Higher Than Gold 1.0 (Gold)

Gold 2.0 is now pricier than gold 1.0. The price of bitcoin surged on Thursday to a fresh record, trading as high as $ 1,252. That is above the previous all-time high of $ 1,242 that the currency set back on Nov. 29, 2013, on the Mt. Gox exchange before that exchange’s collapse (because that price was recorded only on Mt. Gox, it generally was not regard as the currency’s “real” record high, though it…

"Gold 2.0 (Bitcoin) Price Now Higher Than Gold 1.0 (Gold)"