bitcoin

Tech

Bitcoin just surged past $2,000 for the first time

 The world’s most popular cryptocurrency is now worth over $2,000 per coin.  That’s according to a range of bitcoin exchanges, including Coinbase and Kraken. That valuation puts the total market cap of bitcoin — the total number of coins in circulation — at $32.92 billion. Bitcoin has been on a tear this year, as this chart from Coindesk shows. Bitcoin first broke… Read More

Business

Bitcoin’s price breaks records, yet again

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Bitcoin is still on a major upswing. 

The price of the cryptocurrency broke $1,500 this week — a huge milestone for bitcoin and other cryptocurrencies. 

The $1,500 price put the total value of the cryptocurrency market above $40 billion, MarketWatch reported

Bitcoin started off 2017 trading just above $1,000, which was its first time reaching that mark in three years. Then in February, the digital currency exceeded its $1,165 record price set in 2014. 

Last week, bitcoin rose above $1,400, an all-time high. And now it’s above $1,500 — at $1,534 on Saturday afternoon, to be exact. 

It could all come crashing down again — in early 2017, bitcoin’s swing above $1,000 was short-lived.  Read more…

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Tech

What’s keeping cryptocurrencies from mass adoption?

 Speculators flocked to Bitcoin and many of the alt-coins in hopes of getting in early and making a big exit, but everyday users haven’t warmed to cryptocurrencies. There are many reasons why, but one of the largest barriers to mainstream adoption is the price volatility of cryptocurrencies. So the question is, why do the prices change so much in the first place? It comes down to supply… Read More

Business

The SEC just dashed the Winkelvoss twins’ bitcoin dreams

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The Winklevoss twins lost out on Facebook, and now they’ve lost out on bitcoin. 

The Securities and Exchange Commission on Friday denied an application from brothers Cameron and Tyler Winklevoss — depicted by Armie Hammer in The Social Network — to create an exchange-traded fund for bitcoin. 

An ETF would track the price of bitcoin and make investing in the cryptocurrency more attractive to Wall Street. For weeks ahead of the SEC decision, the price of bitcoin soared on the expectation that major Wall Street interest could be ahead. At one point, one bitcoin was worth more than an ounce of gold.  Read more…

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Business

A New York judge says bitcoin is money, two months after a Florida judge ruled it wasn’t

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The legal debate over bitcoin is getting tricky across state lines. 

Is bitcoin money? A judge in New York on Monday ruled it is

The ruling followed an opposite conclusion in Florida in July. A judge in that state dismissed charges of illegally transmitting and laundering $1,500 in bitcoin on the grounds that bitcoin wasn’t a currency. 

This time around, US District Judge Alison Nathan declined to dismiss charges against  Anthony Murgio for operating an unlicensed bitcoin exchange. Murgio had argued to have his charges dismissed because bitcoins did not qualify as “funds” noted in federal law forbidding unlawful money transmitting, according to ReutersRead more…

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A kid held up a sign with his Venmo ID on ESPN and thousands of people sent him money

csapcguwyaaqoq_ Each Saturday during the college football season ESPN hosts College GameDay, an pre-game show with a bunch of football experts and hundreds of screaming college kids in the background. Today one of those screaming college kids was Sam Crowder, a student who brilliantly decided to hold up a sign with his Venmo username asking his mom to send him beer money. Cue the Internet, and instead of… Read More