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 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 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.

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.

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 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: 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

Square Gets License From New York To Enable Bitcoin Trading

PYMNTS

Square , the payments company founded by Jack Dorsey, has received a license to enable residents in New York state to buy and sell bitcoin via its Cash App. Brian Grassadonia, the head of Square’s Cash App , said in the same press release that the license will make it quick and easy to buy and sell bitcoin. Square’s Founder and Chief Executive Jack Dorsey is a big supporter of bitcoin. Back in 2014, he helped enable merchants to accept bitcoin as a payment method.

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 Dips Below $9,000 Mark

PYMNTS

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.

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

Stripe Ends Support For Bitcoin Payments

PYMNTS

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 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 Plunges Over 50 Percent

PYMNTS

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

PYMNTS

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.

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 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.

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.

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 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.

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 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

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 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.

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 Approaches Worst Month Since 2015

PYMNTS

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.

Bitcoin’s Slide Goes Deeper

PYMNTS

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.

 Banknotes, Bitcoin and the Hope Beyond Speculation

PYMNTS

Friday brought the news that bitcoin has made inroads into the tangible realm. To be specific: bitcoin notes are coming to Singapore. Will it mean uptake of bitcoin that will skyrocket beyond mere speculation, to become utility and utilitarian? The notes are denoted in bitcoin, specifically in 0.01 of bitcoin — defined by a chip that holds those values. Using those machines, customers can buy and sell bitcoin via Coinme wallets.

Bitcoin Daily: Ripple’s $29M Charity Donation, Bitcoin’s ‘Death Cross’

PYMNTS

Bitcoin is nearing a so-called “death cross” – the point when the 50-day moving average falls below the 200-day moving average, CNBC reported. Bitcoin was trading at $7,880.64 And technology eCommerce retailer Newegg is now accepting bitcoin for customers in Canada, CCN reported. Newegg doesn’t actually accept bitcoin directly: It uses BitPay to process the payments. BitPay, in turn, converts bitcoin into fiat currency.

Bitcoin Tracker: Challengers And Backlogs

PYMNTS

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 Tracker: A Bitcoin In Spring

PYMNTS

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 Daily: Cybercriminals Steal $1.1B In Crypto So Far This Year, Jamie Dimon Says ‘Just Beware’ Of Bitcoin

PYMNTS

” In other news, JPMorgan Chase CEO Jamie Dimon made a measured remark about bitcoin in a CNBC segment on Thursday (June 7), CoinDesk reported. Though Dimon had previously called bitcoin a “fraud,” he took a different tact in his latest remark: “I don’t [want to] be the bitcoin spokesman. ” Bitcoin bitcoin bitcoin daily Carbon Black cryptocurrency Cybersecurity JPMorgan Chase News What's Hot

Feds Put Seized Bitcoins Up For Auction

PYMNTS

The Feds are seeking to put nearly 4,000 bitcoins on the auction block — currently worth approximately $50 million — seized in criminal, civil and administrative cases, BGR reported. Marshals Service said it will hold an auction in February to dispose of 3,813 bitcoins, which are valued at a sizable $52 million at today’s price. Bitcoin auctions are fairly routine for the service, with the government auctioning off bitcoins seized from Silk Road-related cases in 2016, for example.

iPayYou Brings Bitcoin To Amazon

PYMNTS

Bitcoin wallet iPayYou continues to work toward a future with bitcoin as the default currency. It was just announced that iPayYou has made a way for consumers to pay for items on Amazon with bitcoin, called Amazon Direct. Now iPayYou users can transfer any amount of bitcoin from their bitcoin wallet to Amazon. Customers can use the Amazon Direct tab to the iPayYou platform to determine an amount of bitcoin to transfer and the destination account.

Bitcoin And The Break-Even Conundrum

PYMNTS

News came this week that bitcoin mining just ain’t what it used to be. Morgan Stanley analysts have estimated that bitcoin miners lose money when the price of the once high-flying digital currency is below $8,600. The price of bitcoin at the time the Thursday note was released stood at a bit above $8,200. The Morgan Stanley team believes “the bitcoin mining hardware demand and price will decline further.” Profits in cryptos: Easy come, maybe; easy go, certainly.

Cigar Business Ditches Cigars Entirely For Bitcoin

PYMNTS

Not everyone is convinced that bitcoin isn’t a giant bubble ready to burst. 15) suggested some business owners are also taking drastic measures to get in on the bitcoin action. Bitcoin mining involves earning a payout for solving cryptographic puzzles linked to bitcoin transactions, a process that acts as a way to confirm the transaction’s legitimacy. Analysts expect revenues from bitcoin mining to continue to increase in the coming months.

In India, Coinsecure Reports $3M Bitcoin Theft

PYMNTS

Coinsecure, a cryptocurrency exchange based in India, said Monday (April 16) that roughly $3 million worth of bitcoin were stolen from the company’s bitcoin wallet. The number of bitcoins stolen, the company said, comes to about 438. The bitcoins themselves had been stored in a password-protected digital wallet and had been transferred to a destination thus far unknown. Bitcoin bitcoin coinsecure cryptocurrency india News Theft What's Hot

Bitcoin Daily: Gun Sellers Turn To Crypto, Bitcoin Makes Divorces Even Messier

PYMNTS

It was a good day for bitcoin, CNBC reported. bitcoin was at $10,283.31, according to Coindesk. As digital currencies – such as bitcoin – become more popular, a growing number of lawyers are encountering the currency in separations. And cryptocurrency crime has hit home for Apple co-founder Steve Wozniak, who said that he has been the victim of bitcoin theft, The Economic Times reported. In late morning trading on Monday (Feb.

$400M Bitcoin Buy for Crypto Trader

PYMNTS

News came President’s Day that an anonymous investor ponied up nearly $400 million to snap up bitcoin, the name most synonymous with digital currencies. MarketWatch said Monday that the huge investment came from a bitcoin address, 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 to be exact. The balance of bitcoins came to more than 96,000 coins, up from 55,000 previously. Bitcoin bitcoin bitcoin trading cryptocurrency News What's Hot