Bitcoin Tracker: Bitcoin Black Friday

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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.

Intuit Secures Bitcoin Payment Patent

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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: Bitcoin Flies High

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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.

On Bitcoin, Altcoins, Bubbles And A (Possible) Burst

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Bitcoin: the marquee name, the shorthand for the cryptocurrency space, the 800-pound gorilla in a barrel full of monkeys (and there’s little fun to be had in this barrel right now). And here, bitcoin stands out because it is down a relatively paltry 57 percent.

Bitcoin Daily: Bitfinex Sees Bets Against Bitcoin Double, Thai Watchdog Reviews Crypto License Application

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Trading sites such as Coin Asset, TDAX, Bitcoin Co. Bitcoin’s price was relatively stable on Thursday (Aug. Two hours before close on the exchange of the CME Group , only 3,752 August bitcoin futures contracts had been exchanged. Elsewhere, data from one of the largest crypto exchanges suggests that more investors are interested in betting against bitcoin than there were earlier in the month, MarketWatch reported.

Bitcoin Daily: 50 Cent Made Millions Selling Album For Bitcoin

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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.

Coinbase CEO Talks Down Bitcoin Adoption

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Bitcoin may be outperforming beleaguered cryptocurrency brethren – but look out below, at least for now. Armstrong’s predictions, of course, come as bitcoin trades at roughly $6,000, a level breached not long ago, and as much as 70 percent off highs seen at the end of last year. The Starbucks analogy was made as the giant earlier this month said that, indeed, customers will not be able to use bitcoin or other digital currencies at the company’s eponymous stores.

Bitcoin Makes The Split

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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: Fed Chairman Thinks Cryptos Are Insignificant, Billionaire Marc Lasry Says Bitcoin Could Top $40k

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In other news, three companies involved in bitcoin mining have risen to “unicorn” status, according to CoinDesk. On Wednesday (July 18), the Hurun Research Institute published its Q2 Unicorn Index, and bitcoin mining companies such as Bitmain, Canaan Creative and Ebang were on the list. Billionaire Marc Lasry believes that bitcoin could possibly hit the $40,000 level, CNBC reported. The price of bitcoin was $7,325.90

Meet Ben, An AI-Based Bitcoin Friend

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Much has been written about buying bitcoin in specific, and cryptocurrency in general. For all that is said about the buying and selling of bitcoin and cryptocurrency, he noted, almost no one ever mentions the fact that buying bitcoin is incredibly confusing and extremely difficult, unless one already happens to know a lot about it. It’s a lesson that Kudry learned the hard way the first time he bought bitcoin in early 2017 and tried to move funds from one wallet to another.

The truth about bitcoin

Chris Skinner

It’s been an interesting few weeks, watching bitcoin’s rollercoaster ride as it rises to valuations over $4,000 and then dives to almost $2,000 before rising again to near $6,000. The rise … The post The truth about bitcoin appeared first on Chris Skinner's blog.

Bitcoin Tracker: How Secure Are Bitcoins?

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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.

Amid Positive Developments, Bitcoin Rebounds

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And this week, so far, is shaping up to be a strong time for bitcoin amid some positive developments, as the popular cryptocurrency reached almost $7,500 mid-Wednesday after falling to below $5,800 at the end of June. And market observers such as DiPasquale are hopeful that bitcoin will continue on its upward trend. Whether bitcoin’s momentum will continue remains to be seen – and the cryptocurrency has been on a wild ride for the year.

Bitcoin Tracker: Blowing Bubbles

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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

Diwali Lights Up Bitcoin

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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: Fantasy Sports League Plans $100M ICO, Square Cash Extends Bitcoin Trading To 50 States

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Bitcoin hit its lowest pricing level since the end of June, MarketWatch reported, dipping below the $6,000 level on Tuesday (Aug. The price of bitcoin was $6,241.95 Money app Square Cash has expanded its bitcoin trade offering to cover the entire United States, Cryptovest reported. Red, white, and bitcoin,” the company said in a tweet. Now you can use Cash App to buy bitcoin in all 50 states.”

Bitcoin Breaks $1,400

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On Monday, and for the first time ever, bitcoin was worth over $1,400. If there’s any probable cause for the rise, it’s likely that the SEC recently announced plans to review l ast month’s rejection of the proposed Winklevoss Bitcoin ETF. At the time, the SEC nixed listing the twin’s ETF on the Bats BZX Exchange due to lack of oversight, regulation and the potential for fraud in the broader bitcoin space. While the day’s high was $1,422.22

Bitcoin Tracker: Coinsource

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The price of bitcoin has continued its December climb this week. Bitcoin is at its highest value since early Feb. 11), bitcoin rose to a weekly peak of $788.49 The current value of bitcoin at the time of writing was $777.14. —. For this week’s Bitcoin Tracker, we’re taking a look at Coinsource , the largest network of bitcoin ATMs in the United States. The bigger cities here in Texas are acting as a hub for rapid bitcoin adoption.

Bitcoin Daily: Square May Bring Bitcoin To The Big Apple, IMF Calls For Bitcoin Crackdown

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Bitcoin fell below the $9,000 mark on Tuesday (March 13), MarketWatch reported. Bitcoin was trading at $9,181.95 According to CoinDesk, the power company is working with Nayuta to see how customers could make bitcoin payments through the lightning network. And Square might be working toward a BitLicense so that its Cash App could allow users to buy bitcoin in the Big Apple, CoinDesk reported.

Goldman Sachs Eyes Bitcoin Trading

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Citing people familiar with the matter, the Wall Street Journal reported that Goldman Sachs is mulling whether to launch a new trading business that is focused on bitcoin and other cryptocurrencies. If the firm moves ahead with these plans, it will be the first high-profile Wall Street company to deal directly in the bitcoin trading market. His comments come as the price of bitcoin has quadrupled since December, at one point flirting with a new high of $5,000.

Bitcoin Daily: Goldman Warns Of Bitcoin Declines; Token Alliance: Crypto Reg ‘Could Stifle Innovation’

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A fter beginning to recover from a months-long slide, bitcoin prices once again showed signs of weakness on Monday (July 30) after Goldman Sachs warned in a research note that the recent turnaround in prices will be short-lived, according to reports. Sharmin Mossavar-Rahmani, chief investment officer of the bank’s Private Wealth Management (PWM) Group, wrote that bitcoin does not fulfill any of the traditional roles of currency.

Bitcoin Tracker: Another Tough Week

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This past week proved once again that it’s tough to be a bitcoin fan. In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration in the month of March — the Intercontinental Exchange, Inc.’s s NYSE Arca exchange’s request to list and trade the SolidX Bitcoin Trust. If there’s any irony in this situation, it’s that this time the price of bitcoin didn’t take much of a hit.

Uncertainty Reigns — Will Bitcoin?

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Bitcoin is the Rashomon of the payments industry. If you’re unfamiliar with that cinematic allusion, simply put, just what bitcoin is is determined by where you are sitting and the views you hold in terms of the intersection between payments and technology. But bitcoin has also seen sustained rallies in the past several months, perhaps most notably on another surprise vote that took place this summer — i.e., Brexit. After all, let’s call a bitcoin a bitcoin.

The Beginning Of The End For Bitcoin?

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Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year, and it stands to reason that bitcoin’s skyrocketing value must eventually slow and reverse. What goes up must come down, as they say, and many are predicting that bitcoin’s time has come (or at least they’re hoping that’s the case).

Bitcoin Dips Below $9,000 Mark

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Following comments from India’s minister of finance on cryptocurrency and potential price manipulation at a major cryptocurrency exchange, bitcoin dropped below $9,000 in trading on Thursday (Feb. bitcoin rebounded slightly to $9,019.08 31), The New York Times reported that a number of investors are concerned that the price of bitcoin — and other cryptocurrencies — have been inflated by cryptocurrency exchange Bitfinex.

Bitcoin Breaks $1,000

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Given the past few days, it seems like 2017 could be a banner year for bitcoin. Bitcoin broke past $1,000 in value on its first day of trading in 2017. At the time of writing, the price of bitcoin sat at $1,027.05. These figures are the highest bitcoin has been since its $1,216.70 peak in 2013, just weeks before the Japanese bitcoin exchange Mt. All told, bitcoin’s value grew over 100 percent in 2016.

Bitcoin For Night Owls

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Now You Can Trade Bitcoin Any Time. The Winklevoss twins want to trade bitcoin, and they want to do it now. Growing impatient waiting for their ETF fund to be listed and to boost bitcoin trading, the cofounders of the Gemini Trust Company, a digital currency exchange based in the U.S., are introducing a daily bitcoin auction so that the currency can be traded any time. Initially, trading will be limited to bitcoin into U.S. The price of bitcoin reached $607.31

SEC Denies Second Bitcoin ETF

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In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration this month — the Intercontinental Exchange, Inc.’s s NYSE Arca exchange’s request to list and trade the SolidX Bitcoin Trust. Once again, the lack of oversight, regulation and the potential for fraud in the broader bitcoin space worked against the proposed ETF.

Stripe Ends Support For Bitcoin Payments

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Four years after Stripe began accepting bitcoin, the payments platform has decided to end support for the popular cryptocurrency. The company said bitcoin’s volatility and lengthy transaction times led to its decision, TechCrunch reported. The policy will not take effect immediately, as the company plans to end support for bitcoin on April 23. Stripe had started accepting bitcoin in 2014, when the cryptocurrency first reached $1,000 and truly gained traction.

Bitcoin’s Resplendent Week

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Milan, Italy was the host of a formal bitcoin conference to address scaling and a protest conference that addressed, well, everything that the formal conference didn’t. Scaling of bitcoin is a thorny issue and one that caused some dissension at the Scaling Bitcoin conference that took place on October 8 and 9. This rogue group also voiced fears that bitcoin’s strong position in the market could be usurped by an alternative digital currency. Bitcoin Regulations.

Bitcoin Tracker: Crypto-Catch-22

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In the last few weeks, three separate bitcoin exchanges have reported a halt on processing transactions in dollars — the result of global banks pulling out of high-risk areas. Banks are still exploring blockchain technology in various capacities — as a consortium in Japan recently announced a move to test a fund transfer system with Ripple and are considering creating their own virtual currency — but bitcoin proper has become a bit of a pariah.

Bitcoin Tracker: An Outrageous Prediction

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The second week of December saw bitcoin sit pretty solidly in the 750s and 760s after last week’s high point of $777 — on trend for relatively stable (by cryptocurrency standards) growth upward since dipping down into the 550s this past summer. At the time of writing, bitcoin was valued at $769.89. There’s a new number on the tip of the tongues of some bitcoin aficionados — $2,000. Even earlier attempts to ban bitcoin have been proposed and subsequently withdrawn.

Bitcoin Plunges Over 50 Percent

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Bitcoin took a tumble on Wednesday, dropping as much as 20 percent and dipping below the $10,000 mark, Reuters reported. Bitcoin wasn’t alone in its fall, as other cryptocurrencies lost value over investor concerns that regulators would take measures to curb speculation. Ethereum and Ripple, which are the second- and third-most popular cryptocurrencies after bitcoin, also fell following reports that South Korea and China could ban trading of cryptocurrencies.

Bitcoin Tracker: Tale Of Two Bitcoins

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Bitcoin prices suffered further losses this past week. As the reality of the Securities and Exchange Commission (SEC) rejection sunk in, concern among investors has grown amid signs of an impending hard fork — a “great schism” of bitcoin, if you will. While last week the popular cryptocurrency had recovered from a 17 percent loss in the first hour post-SEC rejection, trading into Friday (March 17) saw bitcoin heading downward once more.

The History of Bitcoin

Chris Skinner

Gemuel Franco over at Fried.com shared a great infographic on bitcoin with me, so I thought I should share it with you. bitcoins to a dollar would now equate to circa $5.5 The post The History of Bitcoin appeared first on Chris Skinner's blog.

Bitcoin Daily: Bitcoin’s Continued Nosedive; Coincheck’s Reimbursement Plan

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As regulators crack down on cryptocurrency exchanges, bitcoin slid again on Thursday (March 8) by 7 percent over a 24-hour period. Their number one goal for their Gemini Exchange this year is to look to offering other coins on their platform such as Litecoin or Bitcoin Cash. In South Korea, Bithumb plans to deploy bitcoin ATMs and kiosks, Finance Magnates reported.

Bitcoin Tracker: Challengers And Backlogs

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It’s been a varied week for bitcoin. First, some positive news: Bitcoin’s upward pricing trend continues, more or less. It opened this morning with a value of $742 and peaked at $744 (about as close as bitcoin has come to its year high since it hit $768 back in June). Despite the new mine and a steady increase in value, this week didn’t offer much in the way of smooth sailing for bitcoin. Bitcoin’s reputation caused an upset in Vietnam this week.

Bitcoin’s Slide Goes Deeper

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Bitcoin dropped to as low as $9,000 in volatile trade yesterday, losing more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday. Naturally, a few of the early bitcoin traders are taking some profits off the table,” said Charles Hayter, CEO and co-founder of CryptoCompare.com. According to news from Reuters , the fall happened as bitcoin was up almost 1,100 percent year-to-date on Wednesday.

Bitcoin Tracker: A Bitcoin In Spring

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A beacon of hope has emerged for bitcoin just in time for spring — and it’s brought up prices with it. In a major move toward bitcoin legitimacy, Japan recognized bitcoin as a legal payment method on April 1. In the days following the news, bitcoin rose over 25 percent from its period low around $935 in the last week of March amid hard fork fears and the SEC letdown. At the time of writing, one bitcoin was worth $1,176.70, up $42.82

Bitcoin Approaches Worst Month Since 2015

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and South Korea clamp down on cryptocurrencies, and investors question the stability of digital coins, bitcoin may see its worst monthly decline in value since January 2015. 31), bitcoin was trading at $9,975.42, according to Coindesk. Bitcoin hit a low of $9,627.89 That figure is approaching bitcoin’s approximately 30 percent dip from January 2015, the biggest monthly decline to date. As regulators in the U.S.