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cryptocurrencies News

Deutsche Bank says Bitcoin is 'simply not recommended'

Deutsche Bank has become the latest institution to warn investors about the risks of Bitcoin investment. The bank's chief strategist said Bitcoin cannot be recommended to "the everyday investor" because of the lack of market regulation.

Bitcoin cash soars as big brother bitcoin sinks

This is turning into a wild weekend for cryptocurrencies as bitcoin cash, the coin with larger blocks than bitcoin, is soaring in price while bitcoin prices dropped precipitously.

'Green' Bitcoin alternative Chia cuts electricity use

The inventor of the BitTorrent torrent network has announced a new cryptocurrency that's a more eco-friendly alternative to Bitcoin. Mining cryptocurrencies requires massive amounts of electricity. Chia uses a different approach that's less demanding.

Bitcoin price soars over $7,000 hitting new record Thursday

Late on Thursday, November 2, the price of major cryptocurrency bitcoin soared well over $7,000 after breaking through the threshold just hours earlier.

IMF head thinks cryptocurrencies might one day lead the economy

Cryptocurrencies like Bitcoin could displace central banks and the current banking system. The head of the International Monetary Fund, Christine Lagarde, has said virtual currencies should not be dismissed, explaining they might be the future.

The Pirate Bay hijacks visitors' CPUs to mine cryptocurrency

Torrenting site The Pirate Bay has been caught hosting a cryptocurrency mining script that hijacked visitors' CPUs to generate coins. The site's operators said it's an attempt to move away from displaying ads. The experimental script has proved divisive.

Op-Ed: Bitcoin price recovering after big slump

Within just a few hours the price plunge of the cryptocurrency bitcoin reversed and bitcoin regained $700 US as the cryptocurrency market along with bitcoin recovered some of its value.

Op-Ed: North Korea amassing cryptocurrencies for revenue and trade

Pyongyang - North Korea appears to be intensifying efforts to obtain more bitcoins and other cryptocurrencies as it is banned from the global banking system and subject to new trade restrictions and sanctions promoted by the US and passed by the UN Security Council.

Bitcoin plummets on news China may ban cryptocurrency exchanges

The value of Bitcoin has plummeted on reports China is preparing a ban on cryptocurrency exchanges. If the decision is confirmed, it will be the second hostile move against the $150bn cryptocurrency market in under a week. China's already banned ICOs.

Op-Ed: Prices of cryptocurrencies take a dive

The price of major cryptocurrencies plunged over the last few days in the biggest sell off since mid-July when the total value of the currencies fell from $72 bilion to $63 billion a drop of 12 percent.

Ethereum a much more versatile competitor to Bitcoin

Ethereum involves a cryptocurrency called ether that can be transferred between accounts and used to reward participant "miners" for computations they perform and can be transferred between accounts.

Why Bitcoin just split in half and created 'Bitcoin Cash'

Bitcoin has split in half as a group of miners and investors have forked the cryptocurrency to create a rival called "Bitcoin Cash." The move is a response to years of debate inside the Bitcoin community over how to develop the underlying technology.

Bitcoin and Ethereum are 'cannibalizing' gold

Investors have cash to burn right now, and based on the astronomical performance of cryptocurrencies like bitcoin and Ethereum, that's where a lot of it is getting funneled.

Bitcoin pushes past the $3,000 mark, then slides downwards

Bitcoin hit an unprecedented milestone today, reaching the $3,000 mark and setting a new lifetime value record. It comes just weeks after the cryptocurrency broke through $2,000. Its value fell throughout the rest of the day though.

Bitcoin blows past $2,000 for the first time ever

The digital cryptocurrency Bitcoin has broken records by reaching its highest value ever recorded. The price of a single coin surged past $2,000 today before climbing even higher to $2,100. The rise has been linked to changes in China and Japan.
 

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