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cryptocurrencies News

Bitcoin price trending up towards $9,500

According to a CoinDesk article, bitcoin (BTC) is being solidly bid today, April 24, and could be on its way for a test of the $10,000 mark and have recovered half of its value from its high close to $20,000 last December according to a chart analysis.

Bitcoin price briefly breaks through $9,000

Bitcoin's price hit a four week high. At 7:30 UTC time on April 20th the price went marginally over the $9,000 mark at 9,021, This is the highest it has been since March 22, according to the CoinDesk Bitcoin Price Index.

Bitcoin price needs to trend higher or risk another fall

Although the price of Bitcoin(BTC) has remained above $8,000 all day suggesting a bullish trend, it has yet to trend upward significantly so far.

Bitcoin price now recovered well above $8,000 level

Bitcoin is still far down from its all-time high of about $19,000 but during the last day or so its value had risen as high as $8,450 a 5 percent increase within a day. The cryptocurrency market value also crossed the $334 billion market

Op-Ed: Bitcoin crosses $7,000 barrier again but drops back briefly

Bitcoin briefly passed through the $7,000 level once today but fell back just below that barrier for a time. Yesterday, April 6th the price had fallen just below $6,500 but it recovered from that low.

Bitcoin struggles up to $9,000 again only to fall back

Sunday a week ago, March 18, the price of bitcoin (BTC) sunk below $7,500 but on March 24th the price rose very briefly to just over $9,000 but the price quickly dropped below 9,000 today.

Bitcoin could be moving up to test $9,000 mark

Bitcoin (BTC) rose yesterday well over the $8,000 level and stayed there. Today so far bitcoin appears to be holding its gains.

Bitcoin price struggles to recover then again dips below $8,000

Yesterday it appeared as if the bitcoin price was in recovery mode but by 13:40 UTC today March 17th it had dropped down below $8,000 again.

Plattsburgh N.Y. first U.S. city to ban cryptocurrency mining

Plattsburgh - The city of Plattsburgh in New York state has become the first US city to ban cryptocurrency mining. The ban is set to last for the next 18 months.

Popular Calendar 2 Mac app bundled a built-in crypto-miner

A third-party iOS calendar app has been found bundling a built-in cryptocurrency miner in an attempt to generate its developers some additional revenue. The app managed to get past Apple's approvals and make it into the store. It has since been withdrawn.

A Bitcoin crash won't impact traditional markets

Cambridge - A Bitcoin crash would probably derail other cryptocurrencies, according to new research. However, more traditional markets would be relatively insulated from a sharp devaluation.

Op-Ed: Mark Carney launches attack on cryptocurrencies

Edinburgh - Mark Carney, Governor of the Bank of England, joined a number of other well-known figures in attacking cryptocurrencies. He urged regulators around the world to monitor them as strictly as other financial assets.

Bitcoin breaks through $11,000 but then falls back

A recent report from Coindesk shows that the price of bitcoin had risen about 19 percent from its weekly low of $9,304.68. It had recovered five percent just over a period of 24 hours.

Rakuten to build new blockchain-based loyalty system

Retail giant Rakuten, a popular Japanese Amazon rival, has announced it's planning a customer loyalty system based on blockchain technology. The company is building its own cryptocurrency, Rakuten Coin, to join its existing Rakuten Super Points scheme.

State of Georgia considers bill to allow cryptocoins to pay taxes

Atlanta - Two state senators in Georgia have proposed a bill that would allow citizens to pay their tax obligations in bitcoin or other cryptocoins not yet specified.

Op-Ed: Bitcoin not much used as a payment alternative to cash

When it was created bitcoin was expected to be used as a medium of exchange just like fiat money. The first purchase was of two Papa John's pizzas in Florida for 10,000 bitcoins a rather high price given that one bitcoin is now worth over $10,000.

Cryptocurrency exchange Coinbase is hiring a CFO

San Francisco - Coinbase is hiring a chief financial officer (CFO). This would be a significant move in the company's growth plans but also raises questions about whether the company plans to launch an initial public offering (IPO).

Bitcoin price drops down below $10,000 as recovery fails

Bitcoin has now dropped below the $10,000 level and most cryptocoins are also suffering price declines. Bitcoin is down from a recent high set on February 20. It dropped eight percent within 24 hours.

'Glitch' let customer purchase $2 trillion in Bitcoin for free

The Japanese cryptocurrency exchange Zaif has reported a "system glitch" which allowed customers to purchase cryptocurrencies without paying any value in yen. During the incident, customers used the platform to buy trillions of dollars worth of Bitcoins.

Op-Ed: Bitcoin again falls below $11,000 in spite of bullish prediction

A recent article on Coindesk suggests that with bitcoin above $11,000 and the total market cap of cryptocurrencies approaching $500 billion that the cap could move even higher. But just within a few hours, bitcoin has drifted well below the $11,000 level.

Visa and banks cause problems for Coinbase customers

San Francisco - The credit card issuer Visa has been the cause of Coinbase's multiple problems with its users' cryptocoin accounts that have included reversed transactions, unauthorized withdrawals and unexplained fees.

Ripple rises around talk it will be listed on Coinbase

Ripple did very well in 2017 making far greater gains than the top two cryptocoins Ethereum and Bitcoin. The gains extended into early January.

Bitcoin price in recovery mode at over $8,000

The number one cryptocoin, bitcoin is in recovery mode today after bottoming out the other day below the six thousand mark.

Crypto-mining botnet spreads to thousands of Android phones

An extensive botnet of Android devices has rapidly grown since coming to life this week. The ADB.Miner attack is infecting phones and using them to mine cryptocurrency coins. It's the latest example of a new class of crypto-mining cyberattack.

Samsung starts making cryptocurrency mining chips

Samsung has confirmed it's producing specialist processing chips used for cryptocurrency mining. Now the largest semiconductor business in the world, the company is diversifying its operations to increase revenue. It has begun manufacturing an ASIC chip.

Facebook clamps down on cryptocurrency ads

Facebook's announced a change to its ad policies that bans ads for products including cryptocurrencies and ICOs. The company said online cryptocurrency promotions are often "misleading or deceptive," adding it wants to remove scams from its platform.

Cryptocurrency driving boom in graphics card sales

The current crypto-cash boom has led to a graphics card rationing, due to a spike in sales triggering a drop in supply and a hike in prices.

Op-Ed: Blockchain looking dumb after $400 million ‘disappears’

Tokyo - It’s exactly what blockchain is supposed to prevent; $400 million in an obscure cryptocurrency called NEM simply vanished. The exchange is baffled, and the blockchain myth of transparency has taken a serious kick in the teeth.

Pulses of light to protect cryptocurrencies

Technologists have successfully used pulses of light to encrypt data. This technology could be used to protect the security of cryptocurrencies.

Op-Ed: Bitcoin price recovers to break through $13,000 briefly Jan. 20

The price of bitcoin recovered to breach the $13,000 level briefly today and has risen more than ten percent over the last 24 hours. Many cryptocurrencies are staging a recovery from the recent downturn.
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