Bitcoin at $50,000? Here’s what analysts say will happen to cryptocurrencies in 2018 January 2, 2018 Bitcoin had a shaky start to the year after a spectacular rise in 2017, so what does 2018 hold for the cryptocurrency? Dennis de Jong, the managing director at UFX, said despite the blip over the Christmas period, there “really isn’t a roof on how high bitcoin can climb in 2018”. “Given the unexpected speed [...]
Ethereum just had a hard fork and ether prices are rising – here’s what happened and why October 16, 2017 Early this morning, the second-largest cryptocurrency by market capitalisation completed a so-called hard fork. Even if investors were paying attention to bitcoin back in August when it was rocked by its very own hard fork, questions are likely emerging about what all of this means for ethereum and its ether token. Will a new token [...]
DEBATE: Is Bitcoin too volatile and risky to be considered a serious investment? December 1, 2017 Is Bitcoin too volatile and risky to be considered a serious investment? Dr Savvas P Savouri, chief economist and partner at Toscafund Asset Management, says YES. It is not that I simply don’t like bitcoin. I just don’t get what owning it is supposed to provide. There is no yield, it isn’t backed by any [...]
Bitcoin prices are creeping towards $11,000 after smashing the key $10,000 mark November 29, 2017 Bitcoin’s value has increased tenfold this year after it smashed through the $10,000 barrier on major exchanges today, but the rise has not stopped there. The cryptocurrency has charged ahead towards $11,000, trading up 9.41 per cent at $10,840.51 at the time of writing, according to Coindesk’s aggregate index. The notoriously volatile digital currency crashed [...]
What is Ripple? The cryptocurrency growing faster than bitcoin explained – and how to buy it January 4, 2018 Ripple has been on a tear over the past few weeks: XRP, the token that powers the blockchain startup’s network, RippleNet, first hit $1 about two weeks ago, and today it climbed to as high as $3.84. While bitcoin, the cryptocurrency king, soared more than 1,200 per cent last year, Ripple rose a whopping 35,000 [...]
Bitcoin faces another split as scaling debate rages within the community September 20, 2017 Bitcoin may be in for another bump in the road after prices levelled out this week, hovering around the $4,000 level after a recent plunge below $3,000. The famously volatile cryptocurrency has shot up from less than $600 this time last year to an all-time high of more than $5,000 earlier this month, according to [...]
Bitcoin mining explained: How it works, how much energy it uses and what needs to be fixed December 7, 2017 All eyes are on bitcoin at the moment. The cryptocurrency has staged a meteoric rise in 2017 that has attracted new investors, but, for many, question marks still surround bitcoin and the technology behind it. With recent reports pointing to the high energy cost associated with mining, the process used to create bitcoin, is there [...]
Bitcoin mining explained: How does it work? Why does it use so much energy? Is there any way to fix it? December 7, 2017 All eyes are on bitcoin at the moment. The cryptocurrency has staged a meteoric rise in 2017 that has attracted new investors, but, for many, question marks still surround bitcoin and the technology behind it. With recent reports pointing to the high energy cost associated with mining, the process used to create bitcoin, is there [...]
Bitcoin cash: Bitcoin splits in two as a hard fork creates a second cryptocurrency called bitcoin cash August 1, 2017 Bitcoin traded lower today after the cryptocurrency started to split in two following a long-running rift in its community of developers and miners. The digital currency was trading 2.76 per cent lower at $2,726.09 at the time of publishing after falling more than five per cent earlier in the day, according to CoinMarketCap. Meanwhile, futures [...]
Bitcoin prices are rising to 2017 highs on the potential for mass-adoption in India and Japan while hope for a bitcoin ETF is revived April 26, 2017 Bitcoin is trading around its highest price of the year today on the prospect of mass-adoption in India and Japan. Bitcoin was more than one and a half per cent higher this morning at around $1,284 according to Coin Desk. The currency peaked just above that in early March before plummeting to a low of [...]