Cryptocurrency

Bitcoin hit a big milestone: On Wednesday night, the digital currency’s price crossed the six-figure threshold for the first time. As of Friday morning, that number hovered around $99,000 according to CoinMetrics. Throughout the day on Thursday, though, the value rose as high as $103,844. Here’s how much a $1,000 investment in bitcoin made one, five or 10 […]

Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ Summers said he understands the concept of other commodities’ reserves, such as oil and gold, but argued: “Of all the prices to support, why would the government choose to […]

The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening. By Thursday afternoon, the flagship cryptocurrency pulled back from the milestone. It was recently higher by 0.28% at $99,140.00, according to Coin Metrics, trading at the lows of Thursday’s trading following some profit taking by investors. On […]

Bitcoin’s meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell. In comments Wednesday about the cryptocurrency, the central bank leader noted that he does not and cannot own any himself. In addition, he said the Fed’s role in regulating bitcoin and its competitors is limited. However, […]

Crypto stocks enjoyed a short-lived rally before reversing direction Thursday on the heels of a push from bitcoin (BTC-USD) to a record high above $100,000. That record was fueled by news from President-elect Donald Trump that he would nominate crypto-friendly Paul Atkins to lead the US Securities and Exchange Commission (SEC). Bitcoin traded as high […]

This summer witnessed a major new plot twist in the Bitcoin saga. Originally conceived of as a revolutionary grass-roots alternative to established fiat currencies, including the US dollar, the twist has Bitcoin serving not to counter but to fortify the US dollar’s status as the world’s most popular exchange medium. Although it has somewhat earlier roots, the new […]

Next week, Dec. 10 will mark a key date for Microsoft and the Bitcoin community because the tech giant’s shareholders will vote on whether to add BTC to its balance sheet. The results will show whether shareholders are attracted by the current Bitcoin BTC$95,880 bull market or wish to stick to Microsoft’s pragmatic and profitable approach to […]

A man trying to recover a Bitcoin hard drive in a landfill site which he says is now worth about £600m is “seeking to bribe the council”, it has been claimed in court. Newport council has asked a High Court judge to strike out a claim by James Howells, who is attempting to sue the […]

Bitcoin reserves on centralized crypto exchanges like Binance and Coinbase have dropped to their lowest levels in years, reinforcing bullish crypto sentiment. CryptoQuant data confirmed that investors have withdrawn over 171,000 Bitcoin btc-0.22%Bitcoin from leading crypto exchanges since Donald Trump’s victory in the U.S. presidential election. Mass withdrawals shorten the supply available for sell-offs, often signaling a long-term investment […]

Bitcoin’s price plunged more than 30% to $62,000 on Upbit within the last hour, following South Korean President Yoon Suk Yeol’s declaration of “emergency martial law,” according to data tracked by TradingView. The sharp decline was observed in the Korean won (KRW) trading pair. Bitcoin has since recovered above $89,000 on Upbit, creating a $4,000 […]