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"
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"
Let me be clear: I do not trade bitcoin, but I do write about it often. Before going into journalism, I spent my days trading. I learned a lot about technical analysis during that time, and right now, technical analysis spells huge trouble ahead for the cryptocurrency. Let’s recap what has been going on in the bitcoin market so far this year. Bitcoin rallied 120% in 2016 and has been the top-performing currency in each of…"Bitcoin could be on the edge of a cliff"
A top Wells Fargo techie in charge of engineering its bleeding-edge banking platform is leaving for rival IBM by the end of the month, The Post has learned. Jesse Lund, who leads the bank’s Technology Group Innovation Lab based in Irvine, Calif., is leaving on Jan. 31, Ann Wasik, a bank spokeswoman, confirmed to The… bitcoins | New York Post"Bitcoin whiz jumps ship at Wells Fargo for rival IBM"