There are still some question marks about whether bitcoin is in a bubble. But the speed of its price growth is already nearly unmatched. The cryptocurrency has surged 162% in very volatile trading this year amid continued demand. But as the chart below illustrates, bitcoin’s longer-term rally by as much as 1,000% was swifter than homebuilder stocks in the lead up to the housing crash. Jeffrey Kleintop, the chief global investment strategist at Charles Schwab, said that “the…"Bitcoin’s ‘bubble’ is unlike anything we’ve ever seen"
The old saying goes that one man’s loss is another man’s gain. That has proved true in the bitcoin market. Over time, the US government has seized hundreds of thousands of bitcoins from people who used the cryptocurrency in the process of breaking the law. Perhaps the most high-profile example came in October 2013, when the FBI raided the online marketplace Silk Road, a hub for transactions involving illegal drugs and criminal activities. But those…"People are making a fortune buying government-seized bitcoins"
OK, it’s time to dig into the reason for bitcoin’s surging price moves. The digital currency is up just under $ 1,000 in the past week. While it was easy to attribute earlier rises to gamers, or to nefarious dark Web sites trading in drugs, weapons and sex, or, last year, to Chinese investors looking to… bitcoins | New York Post"Why investors aren’t giving up on bitcoins"
The rest of my daughter’s preschool tuition is due on June 1st. I just got a message from the school informing me that they are pleased to announce that they will now be accepting bitcoins for tuition payments. It’s a really interesting time to be getting this email given that the value of a bitcoin has gone up 30% in the past week and has doubled in less than two months. If I chose to…"My daughter’s preschool just said they will accept bitcoins for tuition — I think that’s a terrible idea"
Global stock indexes are not the only asset class making new highs on a daily basis. Cryptocurrencies — specifically bitcoin — are soaring to fresh levels as well. Despite two major setbacks for bitcoin in 2017, it has soared nearly 55 percent from its year-to-date lows as Asian investors flock to the new-age currency. Bitcoin… bitcoins | New York Post"Bitcoin’s appeal is at an all-time high"
A Los Angeles hospital has paid an anonymous hacker $ 17,000 to free itself from a cyberattack that had crippled its computer system. The payment, made in bitcoin, an untraceable cryptocurrency, resulted in the hacker handing over the key to remove the “ransomware” planted in the computer system, Allen Stefanek, president and chief executive of Hollywood… bitcoins | New York Post"LA hospital paid hackers $17K ransom in bitcoins"
The February Bangladeshi central bank heist that resulted in the theft of more than $ 100 million from its account with the Federal Reserve Bank of New York could have been thwarted by a 3.6-inch piece of computer hardware — so say the tech entrepreneurs behind KeepKey, a physical bitcoin “wallet” with beefed-up security designed to… bitcoins | New York Post"New physical ‘wallet’ keeps your bitcoins safe and sound"