A civil war is taking place in the world of bitcoin, putting the future of the red-hot cryptocurrency in question. Bitcoin is up over 250% since last year, but in the past few months its price has experienced big swings. Arthur Hayes, CEO of BitMex, a bitcoin derivative exchange, told Business Insider he thinks recent volatility in bitcoin’s price reflects the uncertainty surrounding the outcome of this war, which will be decided August 1 when crypto-power brokers determine how the tech that…"Bitcoin is embroiled in a civil war — here’s one way it can unfold"
This story was delivered to BI Intelligence “Fintech Briefing” subscribers. To learn more and subscribe, please click here. As bitcoin’s price skyrockets and popular demand increases, some of the world’s largest wealth managers have started giving their clients the opportunity to invest in the digital asset. Last week, Boston-based Fidelity facilitated investor access to the asset, and on Thursday, UK-based Hargreaves Lansdown followed suit. Hargreaves Lansdown now gives clients the option to invest in an…"Here’s why regulators need to get serious about bitcoin"
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"
Bitcoin is a cryptocurrency that can help protect your identity when making purchases online. But it’s not foolproof. Kevin Mitnick, one of the world’s most famous hackers and author of the book “The Art of Invisibility,” offers some tips that will help you remain anonymous. Follow Tech Insider: On Facebook Following is a transcript of the video: The whole idea of really being truly invisible is a disconnect between you as the user and your first…"Bitcoin isn’t 100 percent anonymous — here’s how to further hide your purchases"
Russia has announced that it will legalize the use of cryptocurrencies. The government confirmed last week that a draft bill would create the legal framework for trading in bitcoin, dash, ether, and other digital currencies. This comes a year after the same Russian institutions said people trading in these currencies could be jailed. This raises two important questions: Why has the government made this U-turn? What opportunities does it now see in this technology? The…"Here’s why Russia is opening the door to cryptocurrencies"
Bitcoin became the first decentralized cryptocurrency back in 2009, and ever since interest in digital currencies has exploded. According to CoinMarketCap.com, there are 796 cryptocurrencies currently trading around the world, with a combined market cap of $ 29,374,919,176. Of those, only 10 have a market cap of $ 100 million or more. Check them out: SEE ALSO: The first investor in Snapchat thinks each bitcoin could realistically be worth $ 500,000 by 2030 — Here’s how Join…"There’s $29.4 billion in cryptocurrencies — here’s which ones people are using the most"
There’s a civil war in the bitcoin community over the digital currency’s future. Developers, miners, and other stakeholders are locked in a heated debate over how best to scale the network, with chances steadily rising of irreconcilable differences causing a so-called “hard fork” that would split Bitcoin in two. Bitcoin is in crisis, and while there’s broad consensus that something needs to be done, there’s little agreement on what. What’s the problem? To put it…"A Bitcoin civil war is threatening to tear the digital currency in 2 — here’s what you need to know"
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"