Big cryptocurrencies bounce back, but smaller rivals lie in wait May 20, 2019 For users and proponents of cryptocurrencies, the stamp of approval from online auction giant eBay set the seal on a powerful comeback during this year so far. Bitcoin and some other selected cryptocurrencies are to be accepted as a form of payment by eBay. This doesn’t only greatly expand the “network effect” by which a [...]
Bitcoin bounces as the pound plunges: what’s next for global markets? May 20, 2019 Last week was all about a modern currency enjoying some big moves – all while a more established one was plunging. Bitcoin has been grabbing its fair share of headlines in recent months, with the crypto favourite trading above $8,000 last week for the first time since July last year. This served to bring the [...]
Bitcoin tumbles by more than 10 per cent to below $7,300 in under 24 hours May 17, 2019 Bitcoin prices have plummeted over the past six hours dropping to below $7,300 (£5,710) just days after reaching a 10-month high of more than $8,000. The price of bitcoin fell to a low of $7,140.77 at 6:30am BST, although it has since recovered slightly to $7,284.72 as of 8:30am. Read more: Bitcoin ralllies – where [...]
Where next for Bitcoin? May 15, 2019 Bitcoin is on the up again. The biggest crypto asset has rallied above $8,000, reaching its highest since last summer after more than doubling this year. It seems momentum is building for bulls and you cannot ignore that once Bitcoin builds up a head of steam, the mania can come back, and the momentum traders [...]
Bitcoin hits 10-month high as price surges above $8,000 May 14, 2019 Bitcoin is trading above $8,000 (£6,195) this afternoon after the cryptocurrency’s price surged by more than $1,000 in a day. The cryptocurrency broke the $8,000 barrier this morning, climbing as high as $8,327, according to data from Bitstamp. Read more: Bitcoin soars above $7,000 to hit nine-month high Today’s gains, which have seen Bitcoin hit a 10-month [...]
Bitcoin soars above $7,000 to hit nine-month high May 13, 2019 Bitcoin has broken through the $7,000 (£5,383) mark after hitting its highest level in nine months over the weekend. Read more: Hackers steal $41m in bitcoins from crypto exchange Binance The cryptocurrency built on a recent period of gains to climb as high as $7,585 yesterday, its highest level since September, according to data from [...]
Hackers steal $41m in bitcoins from crypto exchange Binance May 8, 2019 Hackers have stolen bitcoins worth roughly $41m (£31m) from cryptocurrency exchange site Binance, the company said today. Read more: Bitcoin price gains continue as it jumps to six-month high Binance said hackers had withdrawn 7,000 bitcoins in a single transaction after using techniques including phishing and viruses as part of a coordinated large-scale security breach. [...]
Blockchain technology promises to change the world, but so far it has delivered very little May 1, 2019 Last month, I attended a debate in the Houses of Parliament, not on the legalities of the ever so tedious withdrawal agreement, but on cryptocurrency and blockchain. At first, I was surprised that a discussion on these topics only lasted an hour and a half considering that, although blockchain technology powers cryptocurrencies such as bitcoin, [...]
Crypto AM industry voices: Regulating blockchain and crypto April 30, 2019 The Financial Conduct Authority (FCA), US Securities and Exchange Commission (SEC) and others are working to provide regulatory guidance frameworks and structures in the ever-changing landscape of cryptocurrencies and blockchain technology. The views on these activities run the gamut from the Establishment (‘The sooner we get regulation, the sooner things will really take off’) to [...]
CryptoCompare market view: The alleged $850m ‘cover-up’ April 30, 2019 The Crypto world was rocked last week by the announcement from New York Attorney General Letitia James of a court order against the operators of the Bitfinex exchange and Tether – issuers of the stablecoin of the same name. The Attorney General alleges that the operators of Bitfinex and Tether engaged in fraud to hide [...]