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| Alt-coin bear market is over, but bitcoin is still the best bet: Wall Street's Tom Lee Bitcoin bull Tom Lee says the alt-coin bear market is over. But he still recommends investing in bitcoin. "Whether regulations change around security tokens and registration, bitcoin sits in its own sphere," he says. Lee said he expects the lesser-known, smaller coins will remain in "purgatory" and not ...
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Bitcoin Mining Was Just Banned in a Small Town A small lakeside town in upstate New York is fed up with Bitcoin miners using up so much of its low-cost electricity. Plattsburgh, whose residents are a quick jaunt from the Canadian border, has put an 18-month moratorium on cryptocurrency mining to preserve natural resources, the health of its residents ... Bitcoin mining firms getting pushback from New York state for trying to profit from cheap electricity - CNBC
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| Declining Interest In Bitcoin Will Propel It Lower Back in October, I wrote that Bitcoin was behaving like a Giffen Good - basically the higher the price, the more demand there was. Currently, Bitcoin and other cryptocurrencies are experiencing a decline in price from the highs, accompanied by dwindling interest. In the short-run, price will be driven to a ...
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| Bitcoin bounces $700 in less than three hours, capping wild weekend that brought it below $7400 Bitcoin dropped nearly 7 percent towards $7,000 Sunday following reports that Twitter will follow Google and Facebook's lead in banning cryptocurrency ads. It then recovered, rallying $700 in less than three hours Sunday evening. Twitter is reportedly preparing to ban advertising for cryptocurrencies, ...
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| Struggling cryptohedge fund says it will still do well even if bitcoin becomes 'Pets.com' Even if bitcoin ends up like the defunct dot-com-era Pets.com, Pantera Capital's Dan Morehead says his investors "will probably do very well." "If you had a portfolio of IPOs — one was Pets.com and one was Amazon.com — it doesn't matter what the rest were. You made a great return," Morehead says.
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| Bitcoin is unfolding like the dotcom crash — just 15 times faster Bitcoin is behaving a lot like the Nasdaq did in the dot-com bubble, just 15 times faster, Morgan Stanley says. Similarities in price moves and trading volume could be signs that history is repeating itself, according to a note published by Morgan Stanley Monday. Morgan Stanley also points out changes in ... Bitcoin bust echoes Nasdaq crash at a faster pace, says Morgan Stanley - The Australian Financial Review
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| Visa finance chief attacks bitcoin 'bubble' A top Visa executive has launched one of the most outspoken attacks yet from the financial establishment on the bitcoin craze, saying cryptocurrency was used by "every crook and dirty politician" and speculators who have "no clue." In an interview with the Financial Times, Vasant Prabhu, chief financial ... Bitcoin Investors 'Have No Clue' Thinks Visa's Chief Financial Officer - Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)
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| Where Could Bitcoin Succeed as a Currency? In a Failed State When Juan Pinto gets in line at the movie theater, he takes out his phone and trades just enough bitcoin for Venezuelan bolivars to pay for the ticket by the time he gets to the counter. Pinto lives in Venezuela, but doesn't keep any of his money in the national currency. The 29-year-old quit his job as a ...
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| Bitcoin Is On A Path To Test $6000 February Low After creating a double top pattern on February 20 and March 5 at just under $12,000, Bitcoin has been on a downward trajectory. The next support level is its February 6 low of just above $6,000 . One item to note is that the trading volumes have not spiked higher vs. back in December and January (the ...
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| New York power companies can now charge Bitcoin miners more Over the years, Bitcoin's soaring price has drawn entrepreneurs to mining. Bitcoin mining enterprises have become massive endeavors, consuming megawatts of power on some grids. To minimize the cost of that considerable power draw, mining companies have tried to site their operations in towns ...
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| Bitcoin Spikes 7% to $8460 Overnight, Cryptocurrency Market Rebounds After dipping below $7300 on most major cryptocurrency exchanges, the price of bitcoin has spiked 7 percent overnight, increasing from $7240 to $8467, triggered by a variety of factors.
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| Cryptocurrency Continues to Slump, Bitcoin Remains Stable at $8200 The cryptocurrency market has continued to slump over the past few weeks, as both major and minor cryptocurrencies followed the price trend of bitcoin.
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| Analyst Predicts Bitcoin Price Drop to $2800 This Year From being called "a noxious poison" to a "bubble" which will decline in value, Paul Day isn't the only analyst predicting a low price for bitcoin in the future.
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| Bitcoin Price Retreat Digs Into Bitcoin Miner Profits Bitcoin miners may be turning off their machines, at least until the bitcoin price rebounds. It's no secret the BTC price has been in a rut, which has dampened investor sentiment but now it's also interfering with the plans of ambitious mining projects that have flooded the market since bitcoin's peak at ...
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| Fundstrat's Lee Predicts $91000 Bitcoin Price in Two Years Fundstrat's Lee isn't deterred by bitcoin's 70% decline, saying instead that bitcoin remains in a "bull market phase." In fact, it's not the first time the bitcoin price has shed this much or more. Similar losses occurred over stretches in 2011 and again in 2013 and could actually be a harbinger of profits.
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| Cryptocurrency Hedge Fund Dan Morehead, chief executive officer (CEO) and co-chief investment officer of struggling cryptocurrency hedge fund Pantera Capital, recently claimed that even if bitcoin fails like Pets.com did during the dot-com bubble, the hedge fund would still see investors make money.
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| Billionaire Investor Peter Thiel Touts Bitcoin as Digital Gold "I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you'd bet on would be the biggest," said Thiel. But with the exception of a few digital coins, Thiel remains neutral on the rest of ...
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| Bitcoin Slips to $7840 as Sell Volumes Intensify, Cryptocurrency Market Slumps The valuation of the cryptocurrency market, which hovered near the $470 billion mark merely two weeks ago, has declined to $313 billion, as major cryptocurrencies including bitcoin fell in value.
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| Brazilian Prison System Officials Caught in $22.4 Million Bitcoin Fraud Authorities in Rio de Janeiro recently uncovered a money laundering scheme in which state officials misstate the budget spent on food for state-run prisons. Bitcoin was reportedly used to exchange some of the scheme's proceeds, which totaled roughly $22.4 million.
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| Bitcoin Gloom? Cheer Up People. Things Are Moving Forward! Ethereum: Obviously the most famous project just after bitcoin and for a good reason. Not only is moving into PoS (although PoW will remain working) with its latest close-to-be Casper upgrade which is already being tested. Congratulations to the team, it seems they're managing to pull out a rabbit out of ...
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