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: 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: 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: 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 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.

The future of bitcoin

Chris Skinner

Everyone keeps asking should I buy bitcoin and my answer is always it’s your choice. I don’t believe in bitcoin, but I’m not one of those doom mongers who say it’s going to die. It won’t … The post The future of bitcoin appeared first on Chris Skinner's blog.

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.

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 Daily: Ripple Surges, Chinese Billionaire Dumps Blockchain

PYMNTS

Bitcoin bitcoin bitcoin daily blockchain analysis crypto Ethereum ICO News Ripple What's HotRipple (XRP) has overtaken Ethereum within the last 24 hours, with a 7 percent surge in price for a market valuation of $24.28 billion. According to CCN , this is the third time this year that Ripple has moved past Ethereum, with each time occurring in the second half of September.

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.

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 Daily: Big ICOs Avoided Ethereum Crash By Cashing Out; Bitcoin Falls For Second Consecutive Month

PYMNTS

Bitcoin has been having a rough go, with the cryptocurrency falling for the second consecutive month. Bitcoin did fall 10 percent in August, and the cryptocurrency started September at just over $7,000, after falling to around $6,500 as of 8:31 p.m. That was still a far cry from the $20,000-level bitcoin saw in December of last year. Securities and Exchange Commission (SEC) not turned down a bitcoin exchange-traded fund (ETF), that gain “could have been much bigger.”.

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: 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.

Bitcoin Daily: Scrabble Adds ‘Bitcoin,’ Experts Uncover 2.5M Crypto-Jacking Instances

PYMNTS

Scrabble has added the word ‘bitcoin’ to the list of words that players can officially use in its popular board game, CNBC reported. According to its dictionary, bitcoin is defined as “a digital currency.”. Bitcoin is no stranger to the publisher, however: The word ‘bitcoin’ made its debut in the regular unabridged Merriam-Webster dictionary about two years ago.

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.

Meet Ben, An AI-Based Bitcoin Friend

PYMNTS

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.

Walmart Sells Milk Chocolate ‘Bitcoins’

PYMNTS

In a sweet twist to digital currency, Walmart is offering bitcoins made of chocolate. Lots of Milk Chocolate + Bitcoins = Pure happiness,” the candy company, which was founded in 1947, wrote in a tweet about the product. The candies, which are a take on the foil-wrapped chocolates of the past, are a bit more reasonable than the price of an actual bitcoin. Since then, the cryptocurrency has dramatically fallen: The price of bitcoin was $6,456.68

Bitcoin Daily: Bitcoin Nears $8K, MyEtherWallet Unveils iOS App

PYMNTS

The latest rally of bitcoin continued on Monday (July 23), with the popular currency coming closer to the $8,000 mark, CNBC noted. The price of bitcoin was $7,747.75 Bitcoin bitcoin bitcoin daily Blockchain cryptocurrency Lufthansa MyEtherWallet News SAP U Network What's HotThe developers of the U Network have reportedly run out of their reserve of crypto tokens and intend to buy back some of its supply, CoinDesk reported.

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

Bitcoin Daily: Digital Currency Thefts Approach $1B; Crypto Space May See 120 New Hedge Funds By Year End

PYMNTS

Bitcoin AML Banks bitcoin bitcoin daily Blockchain CipherTrace cryptocurrency digital currency FinTech MAS MOBI News regulation Security startups What's Hot

Bitcoin Daily: Bitcoin Reaches 8k, TRON Acquires BitTorrent

PYMNTS

In other news, bitcoin has broken the $8,000 barrier for the first time since May, the Financial Times reported. Bitcoin previously peaked close to $20,000 in December. Securities and Exchange Commission (SEC) has delayed, until September, a decision on whether five bitcoin-related exchange rated funds (ETFs) can be approved, based on public documents reported by CoinDesk. One of the proposals will match bitcoin’s price, while the other four are based on price movements.

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.

Bitcoin Tracker: Coinsource

PYMNTS

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: IBM Embraces Blockchain Registry; Crypto Crash Surpasses Dot-Com Bubble Burst

PYMNTS

It’s a very likely a winner takes all market — bitcoin currently most likely.”. Bitcoin was priced at $6,477.77 By contrast, ether was valued at over $1,200 at one point in January and bitcoin topped $17,100 in that month. Bitcoin bitcoin bitcoin daily bitcoin price Blockchain Blockchain Registry cryptocurrency digital currency Ethereum HACERA IBM News stocks What's Hot

Bitcoin Daily: Belgium, Abu Dhabi Ports Debut Blockchain Pilot; Bitfinex Reboots Currency Deposits

PYMNTS

The news comes after bitcoin was hit with an $18 billion market loss in just three days due to rumors that Bitfinex would end all deposits from fiat currencies. Bitcoin bitcoin bitfinex cryptocurrency deposit Maqta Gateway News NSW Land Registry Services What's Hot

Goldman Sachs Eyes Bitcoin Trading

PYMNTS

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 Breaks $1,400

PYMNTS

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 Daily: VinX Grows Blockchain Tech On The Vine, Ripple MoneyTap Remittance App Goes Live 

PYMNTS

That is, the agency alleged that MBC “is a virtual currency and it is undisputed that there is futures trading in virtual currencies (specifically involving Bitcoin).” To that end, the country might have 30 bitcoin ATMs prior to the close of the year and more than 1,600 before next year’s end.

Uncertainty Reigns — Will Bitcoin?

PYMNTS

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.

Bitcoin Breaks $1,000

PYMNTS

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 Tracker: Another Tough Week

PYMNTS

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.

Bitcoin Daily: Venezuela Requires Crypto Payments For Passports, Seoul To Create $108M Blockchain City

PYMNTS

Bitcoin bitcoin daily cryptocurrency Emirates Securities & Commodities Authority European Securities and Markets Authority News Ofcom Petro seoul venezuela What's Hot

Bitcoin’s Resplendent Week

PYMNTS

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 For Night Owls

PYMNTS

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

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 Daily: VCs Plow $3.9B In Crypto Ventures; Coinbase Taps Charles Schwab Advisor For Board

PYMNTS

Ten years after bitcoin launched, it remains the go-to currency of criminals and a way for cybercrooks to wash their money. To that end, an unidentified French official was taken into custody for allegedly trading state secrets for bitcoin, CoinDesk reported. Bitcoin bitcoin Blockchain Charles Schwab coinbase cryptocurrency Cybercrime digital currency funding investments News startups VC What's Hot

Bitcoin Tracker: An Outrageous Prediction

PYMNTS

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.

The Beginning Of The End For Bitcoin?

PYMNTS

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

PYMNTS

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

SEC Denies Second Bitcoin ETF

PYMNTS

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.

Bitcoin Tracker: Tale Of Two Bitcoins

PYMNTS

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.

Bitcoin Tracker: Crypto-Catch-22

PYMNTS

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.