Bitcoin Hits New All-Time-Low

PYMNTS

Bitcoin marked the beginning of December with another drop in value – this time by 8 percent, according to a report by CNBC. Following a 37 percent drop in November, which took about $70 billion off bitcoin’s market value, the cryptocurrency found a new bottom at $3,790.96.

Bitcoin Daily: Hublot Unveils Bitcoin Watches; Swiss Regulator Throttles Bank Crypto Trading

PYMNTS

On another note, Hublot has unveiled a watch that has a bitcoin theme amid the cryptocurrency’s 10th birthday, The Next Web reported. In addition, only 210 of the watches will be made, as only 21 million bitcoins will come to fruition.

The Bitcoin Bust And Its Ripple Effects

PYMNTS

It has not been a great week for the price of bitcoin, or really any cryptocurrency for that matter. The price of bitcoin has fallen and stayed below $6,000 for the last four days and no one’s predicting a rally anytime soon. Why Bitcoin Busted. How low can bitcoin go?

Bitcoin Price Continues To Fall — How Low Can It Go?

PYMNTS

The bitcoin bust continued Monday (Nov. Over the past week, the price of bitcoin has declined some 20 percent — and at least 60 percent since January. How low can bitcoin go?

Bitcoin Drops Below $6,000

PYMNTS

The market capitalization of bitcoin, the leading cryptocurrency, declined to under $100 billion for the first time since October of 2017 amid a steep sell-off in digital tokens Wednesday (November 14). In Asia bitcoin was priced at $5,564.70

Bitcoin Tumbles 8 Percent Over 24-Hour Period

PYMNTS

In a new round of declines for bitcoin, the popular cryptocurrency tumbled 8 percent over a 24-hour period leading up to Friday (December 7) morning. And, beyond bitcoin, other major digital currencies also fell over the same day-long timeframe.

DOJ Investigates Bitcoin For Market Manipulation

PYMNTS

Justice Department is investigating whether bitcoin’s record-breaking performance last year was caused by market manipulation. Late last year, the value of a single bitcoin hit $9,143, climbing nearly six points in just 24 hours for a market cap north of $152 billion. The U.S.

Bitcoin Daily: Elon Musk’s Name Used In Bitcoin Scam; Bitcoin Takes More Energy To Mine Than Gold

PYMNTS

Elon Musk’s name has reportedly been used in bitcoin scam , with the hack of multiple verified Twitter accounts, the BBC reported. Bitcoin, Ethereum and bitcoin cash are said to be the future payment options.

Bitcoin Daily: DOJ Probes Tether Cryptocurrency; Bitcoin Price Slides To Under $4.3K

PYMNTS

Department of Justice (DOJ) is reportedly looking to see if the atmospheric rise of bitcoin in 2017 was caused, in part, by alleged market manipulation through a particular cryptocurrency known as Tether, Bloomberg reported. Bitcoin continued its downward slide on Tuesday (Nov. The U.S.

Bitcoin Daily: November A 7-Year Low For Bitcoin; Intel Patent Eyes Energy-Efficient Crypto Mining

PYMNTS

Bitcoin just had its worst month in seven years, dropping nearly $2,400 in price. percent loss is bitcoin’s worst month on record since August 2011. Bitcoin bitcoin Blockchain Crypto Mining cryptocurrency Intel investments News patent What's Hot

Bitcoin, Altcoin Continue Downward Slide As Investors Bet Against Them

PYMNTS

Bitcoin, the world’s best-known cryptocurrency, continued its downward slide on Tuesday (Dec. Tuesday morning saw one bitcoin trading at $3,333.60, which is down 2.1 28, when bitcoin traded near $4,200.66,” wrote Nancy Pakbaz, an analyst at DailyFX.

Ohio To Let Businesses Pay Taxes With Bitcoin

PYMNTS

Ohio is leading the charge in terms of accepting bitcoin as a payment method, as it is the first state to accept bitcoin to cover tax bills. I do see [bitcoin] as a legitimate form of currency,” Mandel said, noting that he hopes other states will follow Ohio’s lead.

Ohio 224

Bitcoin Daily: UNICEF Backs Blockchain Projects, Bitmain Shutters Israeli Development Center

PYMNTS

And bitcoin commanded a dominance rate of 55.38 It could indicate that investors are moving resources from alternative digital currencies to bitcoin and “at the very least, demand for bitcoin is outpacing other networks.” The price of bitcoin was $3,410.57

Bitcoin Daily: IBM Eyes Blockchain For African Agriculture; CFTC Goes Back To School On Ethereum

PYMNTS

BitPay has announced that OneGold, a marketplace that combines the benefits of gold and silver with blockchain-based digital assets, is now accepting bitcoin and bitcoin cash. When they started OneGold, we were ready to help them accept Bitcoin and Bitcoin Cash through BitPay.”.

Bitcoin Fails To Take Off As Payment Method

PYMNTS

Bitcoin’s use as a form of commercial payments has declined during the year, at the same time that the digital token appears to be stabilizing. It also comes as stability in bitcoin prices this year has fueled hope that it would take off as a payment method.

Target Confirms Twitter Scam Involving Bitcoin

PYMNTS

According to a report in The Next Web , scammers tweeted out links to scam giveaways that encourage users to send small amounts of cryptocurrency to have a chance at winning more than $31 million worth of bitcoin. Elon Musk , the founder of Tesla, was used in a different bitcoin Twitter scam.

Bitcoin Tracker: Bitcoin Black Friday

PYMNTS

In this week’s Bitcoin Tracker, bitcoin soars, then settles down and plans for its yearly sale abound. Switzerland gives bitcoin a hand by way of rail ticket machine sales, an Australian startup banks on the aptly named Dash and Zcash fervor fades. But as markets saw their prices fall, bitcoin’s numbers went up. early Wednesday morning — near bitcoin’s year high. Bitcoin Black Friday’s popularity has grown significantly since its start.

Bitcoin Daily: Bitcoin’s Dive Lengthens; Swiss Stock Exchange Says ‘Yes’ To Bitcoin ETP

PYMNTS

The price of bitcoin dropped below the $5,000 level on Monday (Nov. The price of bitcoin was $4,762.63 According to MarketWatch, bitcoin has plummeted by more than 70 percent from its record high, and over 60 percent year to date. Bitcoin’s price peaked at almost $20,000 a few days before Christmas in 2017, then dropped sharply through the first half of 2018 and hit a floor of $6,000 in June. 19) to lows not seen for a little more than a year, MarketWatch reported.

Bitcoin Daily: Ripple Tapped By CIMB For Southeast Asia DLT Tech, Bitcoin Cash’s Hard Fork Goes Live

PYMNTS

In other news, the hard fork for the Bitcoin cash has gone live as the currency now has two different protocol implementations, according to Coindesk. The two different implementations involve one by Bitcoin ABC and one called Bitcoin SV (the SV stands for “Satoshi’s Version.”)

Bitcoin: 10 Years Of Smoke And Mirrors

PYMNTS

31, 2018, will mark the 10th anniversary of the day that a link to a paper , authored by Satoshi Nakamoto , describing the digital currency called bitcoin was first publicly circulated. 3, 2019 will mark the 10th anniversary of the first bitcoin block that was mined by Satoshi, giving birth to the notion that a digitized, anonymized currency sent over a permission-less, distributed ledger could democratize how money would move between people and parties around the world.

Bitcoin Daily: Yale Mulls $400M Investment In Crypto; Fortnite Targeted With Bitcoin Wallet Malware

PYMNTS

Malwarebytes Labs reported that a supposed cheat for the popular video game Fortnite actually turned out to be malware designed to steal bitcoin wallet login details.

Bitcoin Daily: Ethereum To Debut New Bitcoin-Backed Token, Agriculture Eyes Blockchain For X-Border Trade

PYMNTS

Benedict Chan, CTO of BitGo, called the token “the best of both worlds,” adding that it has both “the stability of bitcoin and the flexibility of ethereum.”. “It’s They did not have any license from RBI, Sebi or any other agency to carry out the bitcoin transaction.

Bitcoin Tracker: Bitcoin Flies High

PYMNTS

Only two days in, and December has already been good to bitcoin. This week saw bitcoin’s price jump over its previous 2016 high to reach a high of $778.14 These things can change by the minute, as all cryptocurrency users well know, but the end of November and the first few days of December appear to have been good to bitcoin holders. This time last year, bitcoin’s price was closer to $360, coming up from a slump in the mid-$200s for much of 2015.

Bitcoin Daily: Rising Electric Rates Challenge Bitcoin Mining Profits; Bitwala Plans Blockchain Account With solarisBank

PYMNTS

Bitcoin miners might be challenged to make a profit amid the increasing retail price of electricity, The Next Web (TNW) reported. By comparison, 86 percent of bitcoin mining revenues represented estimated profits back in January.

Bitcoin Daily: SWIFT India Teams With Blockchain Startup; Giga Watt Files For Chapter 11 Bankruptcy

PYMNTS

In other news, a venture capitalist believes bitcoin may be a survivor like Amazon was in the dot-com crash, CNBC reported. But this is what investing in crypto is all about,” adding that, one day, ” bitcoin itself we think is going to replace gold eventually.”

Bitcoin Daily: Bitcoin Loses $18M, Microsoft Uses Blockchain To Give Consumers More Control Over Personal Data

PYMNTS

Bitcoin was hit with an $18 billion market loss in just three days. Bitcoin bitcoin Bitcoin Tracker cryptocurrency ether ICO Microsoft News What's Hot XRP

Bitcoin Daily: Bitcoin-Stealing Malware Attacks 700K Websites; Blockchain Tackles Renewable Energy Trading

PYMNTS

The malicious software attempted to utilize StFX’s collective computing power in order to create or discover bitcoin for monetary gain. In the meantime, cryptocurrency hackers attacked traffic analytics service StatCounter to steal bitcoin from users of online exchange desk Gate.io.

Bitcoin Daily: Sketchy Crypto Reviews For Sale; Argentinian Bitcoin-Enabled ATM Rollout Postponed

PYMNTS

And despite previous reports, Argentina will not be receiving thousands of Bitcoin ATMs (BATMs) by the end of 2019. based financial solutions firm Odyssey Group would be rolling out 150 Bitcoin-enabled ATMs in Argentina by the end of 2018, and over a thousand more machines by 2019.

Bitcoin Daily: H&M Pilots Blockchain Tech, Australian Tax Scammers Turn To Bitcoin

PYMNTS

And scammers in Australia are trading iTunes vouchers for bitcoin as their payment of choice, TheNextWeb reported. That is, the bitcoin automated teller machine (ATM) payments have become more common than iTunes vouchers in reports of scam payments to the Australian Taxation Office. As a November 21 tax due date nears, the office said, “the ATO wants Australians to be on high alert for tax scams, especially the increasing trend of scammers demanding payment through Bitcoin ATMs.”

Bitcoin Miners Fail To Make A Profit Despite Surge In Revenue

PYMNTS

Bitcoin miners have around $4.7 TheNextWeb , citing blockchain research firm Diar , reported that based on the data, this marks the first time cryptocurrency mining businesses aren’t making money off their bitcoin mining efforts.

Bitcoin Daily: Ripple XRP Added To KuCoin; GM Unveils Autonomous Car Blockchain Patent

PYMNTS

The platform now supports trading through eight pairs, including Ethereum, bitcoin, Tether, USD Coin, NEO, TrueUSD, Paxos Standard Token and KuCoin Shares.

Bitcoin Miner Faces Suit For $5 Billion In Bitcoin

PYMNTS

The man who had claimed to be the founder of bitcoin is being sued for allegedly stealing $5 billion of bitcoin from his former business partner. The suit claims that Wright was in the business of mining bitcoin with Dave Kleiman, who is now deceased. The venture had, in the end, mined between 550,000 and 1,100,000 bitcoins. Now Kleiman’s estate, which is represented by his brother Ira, wants the bitcoin to be returned.

Bitcoin Daily: MGH, Korean Blockchain Startup Pair On Patient Data; FINMA Permit Eases Crypto, DLT Rules

PYMNTS

A television host in New Zealand has become the victim of a bitcoin scam, with fraudsters impersonating him to promote a suspicious cryptocurrency business. But Faitaua said that has never owned any bitcoin, and any claims to the contrary are simply false. “I

SEC Rejects Three Bitcoin ETFs

PYMNTS

Another round of attempts to get bitcoin exchange-traded funds approved by the Securities and Exchange Commission has failed. Bloomberg , citing the Securities and Exchange Commission, reported the government agency rejected bitcoin ETFs from ProShares , GraniteShares and Direxion , citing concerns that the funds would be easily manipulated. This comes after the SEC denied in July a request for a bitcoin ETF that would be run by Cameron and Tyler Winklevoss.

Bitcoin Makes The Split

PYMNTS

Bitcoin has seen its fair share of ups and downs over the past year when it comes to both stock price and mainstream adoption. While the cryptocurrency is struggling to gain traction, there’s been talk brewing of a rival bitcoin being developed to compete against it. Reasons for the new bitcoin competitor stem from many believing it’s not where it should be at this point in time. Bitcoin will indeed be split into two separate digital currencies.

Bitcoin Daily: Japan Mulls Regulating Crypto Wallets, SEC Imposes Penalties In ICO Cases

PYMNTS

On another note, Twitter claims that scammers used a third-party app to send bitcoin scam links via verified accounts of companies like Target, TheNextWeb reported, but it did not identify the app.

Bitcoin Daily: 50 Cent Made Millions Selling Album For Bitcoin

PYMNTS

Should 50 Cent change his name to … 50 bitcoin? The rapper agreed to accept the cryptocurrency for a 2014 album – “Animal Ambition” – when one coin was only valued at a few hundred dollars, but he apparently never cashed in the 700 bitcoins from the sale. His bitcoin holdings are now worth more than $7.5 The news comes on the heels of an announcement from Stripe that it will no longer support bitcoin on its platform.

Winklevoss Twins Sue Charlie Shrem Over Bitcoin Theft

PYMNTS

The Winklevoss twins have filed a lawsuit against Charlie Shrem, accusing him of pocketing funds to purchase bitcoin for himself. The company now claims that Shrem kept the difference to “purchase 5,000 bitcoin for himself.”.

Diwali Lights Up Bitcoin

PYMNTS

It’s not yet the holidays, but it’s almost Diwali, the Hindu festival of lights, a fitting theme for today’s bitcoin news. And bitcoin purveyors and exchangers are eyeing an emerging eCommerce market in India that might offer the right components for traction. So, what’s going on with bitcoin in light of Diwali? Some bitcoin companies see this period as a time to push the adoption of bitcoin in a country that has a large unbanked population at 21 percent.

Bitcoin Daily: AML Crypto Regulation Will Be Dictated In June 2019

PYMNTS

Just last month, in a new analysis of 2,500 suspected crypto crimes that made use of bitcoin and Ethereum, the Wall Street Journal claimed that nearly $90 million worth of reportedly criminal proceeds have gone through crypto intermediaries in a two-year period.

Bitcoin Tracker: Blowing Bubbles

PYMNTS

Bitcoin’s market cap is currently well over $20 billion as value rose well over $200 in the past two weeks. At the time of writing, bitcoin was worth $1,270.86, up 3.32 As bitcoin rose, TechCrunch noted that the value of 1 BTC had actually surpassed the value of an ounce of gold — the go-to alternative asset. The prospect of a bitcoin ETF has investors betting big on digital currency; SEC approval could be a major milestone in the journey toward bitcoin legitimacy. “If

Intuit Secures Bitcoin Payment Patent

PYMNTS

Business software company Intuit has secured a patent for bitcoin payment processing, according to Coindesk reports on Thursday (Aug. Patent and Trademark Office published the patent , which describes a method to process bitcoin payments sent via text message that includes payment amount and validation based on a virtual payer account maintained by the payment service. PayPal is another company looking to secure bitcoin-related patents.

Bitcoin Tracker: How Secure Are Bitcoins?

PYMNTS

And, as if he possibility of personal and payment information being hacked wasn’t disconcerting enough, consumers and retailers may be soon adding Bitcoin woes into the mix. Cryptocurrencies like Bitcoin were created to help add an additional layer of security to rising digital transactions. Bitcoin has since been relegated to the finance industry with European countries as its most notable experimenters.