Ether, the unit of cryptocurrency used on the Ethereum blockchain, has given investors a wild ride lately. Its value more than doubled in May, peaked in June at more than $ 400 an ether, and then lost more than half that value by early this week. That may sound like a bubble bursting. But some investors are still optimistic and are prepared to ride it out. Aaron Batalion, a partner at Lightspeed Venture Partners, said…"Silicon Valley is hot on a new cryptocurrency that could become worth 100 times its current value"
Nvidia and AMD are in a war. The two companies both produce graphics cards and compete over PC gamers, self-driving car manufacturers and data center managers to prove that their technology is superior. Nvidia tends to be ahead in many of those markets and has seen its stock rise more this year because of it. A new market is emerging though. The two graphics processing unit (GPU) companies are currently fighting over the cryptocurrency GPU market,…"A Wall Street bank is betting Nvidia will win the cryptocurrency battle (NVDA, AMD)"
Cryptocurrencies led by bitcoin and ether were falling across the board on Monday as a massive run-up this spring has spurred some profit taking. The most prominent drop came in ether, the digital currency used on the Ethereum network that is still reeling from trading problems last week. Ether fell 24% Monday to $ 231, and has now lost 41% of its value from its peak June 14, according to data from Coindesk. Meanwhile, bitcoin…"Ethereum Drops 24%, Bitcoin Loses, Too, Amid Cryptocurrency Selloff"
As bitcoin reaches for $ 2,500 again, I thought this would be a good time to let readers know exactly how digital currencies work and how to get more information if you wish to partake in this alternative investment. There will be only 21 million bitcoins created, and as of last month, roughly 16.8 million or… bitcoins | New York Post"How to get a start in the cryptocurrency game"
Bitcoin is the original cryptocurrency, and its meteoric rise has made it a mainstay of conversation for investors, media, and technologists alike. In fact, the innovation of the blockchain is changing entire markets, while causing ripples with central banks and the financial industry. At time of publication, the bitcoin price now hovers near US$ 2,200, a massive increase from this time last year. But the true impact of Bitcoin is actually far more reaching than…"The cryptocurrency universe keeps expanding"
Bitcoin is a currency just like the US dollar or Mexican peso. It’s also back in the headlines after soaring in value. One bitcoin was worth $ 2,800 on May 25, up from $ 1,200 at the end of April. In countries that accept it, you can buy groceries and clothes just as you would with the local currency. Only bitcoin is entirely digital; no one is carrying actual bitcoins around in their pocket. Bitcoin is…"Bitcoin is soaring — here’s what the cryptocurrency is all about"