Tag Archives: Cryptocurrency

SEC says bitcoin and ether aren’t securities

Clarity is good.Image: ULRICH BAUMGARTEN/GETTY The world of cryptocurrency just got some much needed good news.  With the prices of bitcoin and ether on a steady downward trend, the Securities and Exchange Commission today provided hodlers with a flash of hope: Neither of the cryptocurrencies are considered securities.  SEE ALSO: The only good thing to come out of Bitcoin is this stock art cat So reports CNBC, which notes that the SEC’s head of the Division of Corporate Finance, William Hinman, delivered the news at the San […]

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Coinbase Index Fund now open to accredited U.S. investors

U.S.-based accredited investors now have an easy way to invest in cryptocurrencies.Image: http://homedust.com/ In March, cryptocurrency exchange Coinbase announced it would be launching an index fund for cryptocurrencies, allowing investors to effortlessly buy a basket of coins traded on Coinbase’s exchange GDAX, recently rebranded to Coinbase Pro.  Now, the fund is officially open for U.S. accredited investors who wish to invest from $250,000 to $20 million.  SEE ALSO: Coinbase is adding Ethereum Classic to its exchange In a blog post published Tuesday, Coinbase’s Asset Management Product Lead […]

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Coinbase to add Ethereum Classic support in the coming months

Ethereum Classic, the lesser-known brother of Ethereum, is getting some attention.Image: Coinbase New cryptocurrencies get added to crypto-exchanges all the time, but when Coinbase adds one, it’s news.  Coinbase, the largest U.S.-based cryptocurrency exchange, has only supported four coins so far: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The addition of Ethereum Classic or ETC, announced on Tuesday, will happen “over the next few months,” Coinbase told Mashable.  SEE ALSO: Coinbase is getting ready to expand its cryptocurrency offering after a new acquisition This will undoubtedly bring a […]

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People are spending millions on virtual CryptoKitties

A different kind of rollercoaster.Image: VEX Collective/getty Of course it was Bitcoin Cash.  The man accused of stealing a military armored vehicle in Virginia on Tuesday and joyriding it 60 miles before being arrested is passionate about more than just living his life a quarter-mile at a time. A quick glance at his Twitter account also shows him to be a Bitcoin Cash evangelist.  SEE ALSO: This rap song tries to explain bitcoin cash and is ridiculously great That’s right, he’s all about what Bitcoin Cash supporters […]

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Bitcoin bleeds following yet another exchange hack

We're going down again.Image: traviswolfe/gettyimages The prices of Bitcoin, Ethereum, and all other major cryptocurrencies have experienced big drops in the last 24 hours, following the news that South Korean cryptocurrency exchange Coinrail has been hacked.  In a statement on its website Monday, Coinrail said that hackers stole up to 30% of the coins from its storage.  SEE ALSO: This bitcoin explainer created by AI is hilariously insane According to Coinrail, the hackers struck on June 10 and made away with a number of different cryptocoins, including […]

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What Could Kill the Bitcoin Boom

If you bought a Bitcoin in early 2017, when one cost less than $900, you could have a profit of more than 1,200 percent now. But you almost certainly didn’t do that. Perhaps you dipped in a toe in November or December, as the price hit headline-grabbing records—$10,000, then $15,000, then higher. If you were very unlucky and bought at the peak of about $20,000 on Dec. 17, you’d have lost more than 40 percent of your money as of Jan. 16, when the price was $11,200. […]

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Bitcoin Plunges After Plans for Split Called Off

Bitcoin continued its retreat from a record high after traders weighed in on the cancellation of a technology upgrade that threatened to disrupt the biggest cryptocurrency. Investors who were expecting the extra coins stemming from a split of the chain may be taking profits, while others who are disappointed the update was scrapped earlier this week may be switching to alternative coins, according to Charlie Lee, founder of litecoin, the fifth-largest cryptocurrency by market value. While bitcoin soared to a record $7,882 within minutes of news that […]

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Heres What the World’s Central Banks Really Think About Bitcoin

Eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies. The guardians of the global economy have two sets of issues to address. First is what to do, if anything, about emergence and growth of the private cryptocurrencies that are grabbing more and more attention — with bitcoin now surging toward $10,000. The second question is whether to issue official versions. Following is an overview of how the world’s largest central banks (and some smaller […]

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Youd Be Crazy to Actually Spend Bitcoin

A little more than four years ago, Coupa Café, a caramel-macchiato joint in Palo Alto, began accepting bitcoin. This was shortly before the first big bitcoin rush briefly pushed the cryptocurrency’s price from about $100 to more than $1,000. At the time, two or three Coupa customers a week would pay their bills with bitcoin, says co-owner Camelia Coupal. Today, the number is … still two or three people a week. “It’s a really minimal part of our sales,” she says. “It’s really just a quirky thing […]

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How to Make Money Off Bitcoin Without Actually Owning It

It’s the equity investor’s conundrum: how to get access to the skyrocketing returns of bitcoin and blockchain without actually owning the tokens. To Thomas Lee, a major bitcoin bull who heads research for Fundstrat Global Advisors, a dozen stocks should do the trick. “We believe investors should have exposure to blockchain, particularly given bitcoin has essentially zero correlation to equities, bonds and commodities —- hence, as a portfolio strategy, bitcoin is a good diversification tool,” Lee wrote in a note to clients Friday. “But this is impractical […]

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