Tag Archives: currency

Circle removes ability to buy and sell Bitcoin as it doubles down on mobile payments

Launched in 2013, Circle is a consumer finance company originally built with the goal of using the Bitcoin blockchain as a payments platform. Part of that was achieved by offering customers the abilityto buy and sell Bitcoin on the platform. Since then, the company has raised over $70M and slowly but surely turned in the direction of social payments. Buttoday the company is fully cutting support for buying and selling Bitcoin via their platform. Instead, they intent to double down on mobile payments. Today Circle will launch […]

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Bitcoin Mania Interrupted, for Now, After Outage Triggers Selloff

It takes a lot to startle fans of bitcoin, the digital gold of the moment. But Wednesday was, well, a lot — a wild run of exuberant peaks and white-knuckled declines that left even diehards breathless. The dizzying rally in bitcoin, a bull market with few precedents in investing history, was abruptly interrupted by a market outage in the U.S. that seemed to captivate Wall Street even more than the day’s selloff in high-flying technology stocks. Only hours after soaring past $11,000 — a price that represents […]

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Bitcoin Soars Past $8,000

Bitcoin’s relentless and volatile rally shows no sign of abating, with the world’s largest cryptocurrency defying growing bubble fears to hit yet another milestone. Bitcoin rose as much as 7.7 percent to a record $8,290 as of 2:47 p.m. in New York. It’s been a tumultuous year for the virtual currency, with three separate slumps of more than 25 percent all giving way to subsequent rallies. Even the most bullish analysts can’t keep up with bitcoin’s rally. Standpoint Research’s Ronnie Moas, who says bitcoin’s market cap will […]

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Bitcoin Plunges 29% From Record High

Bitcoin plummeted, extending its drop to 29 percent from a record high, on speculation some traders were buying its offshoot amid a struggle over the digital currency’s future. Bitcoin dropped to as low as $5,605 on Monday, from a record high $7,882 reached on Wednesday, data compiled by Bloomberg show. Bitcoin cash rose to $2,426 on Sunday, before plunging to $1,379 as of 9:32 a.m. in Hong Kong, according to Coinmarketcap.com. Bitcoin has slumped since the cancellation of a technology upgrade to increase its block size, amid […]

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Bitcoin Crashes and Then Surges in Wild Weekend Action

Bitcoin is proving that investing in digital currencies isn’t for the faint of heart. After plunging as much as 29 percent from a record high following the cancellation of a technology upgrade on Nov. 8, the largest cryptocurrency came roaring back in early trading Monday before fluctuating between gains and losses. “Crypto trading is not for the novice investor,” said John Spallanzani, chief macro strategist at GFI Securities LLC in New York. While multiple reasons are being cited for the price volatility, one of the more viable is […]

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How Does Bitcoin Digital Currency Work?

For a few months now those wishing to purchase Casascius physical bitcoins using a credit card or PayPal have been served thanks to the online vendor Memory Dealers. The operator of Memory Dealers, Roger Ver (@RogerVer) announced however that PayPal is yet again in the process of putting a stop to the use of PayPal for purchasing bitcoins. Memory Dealers will continue selling bitcoins until PayPal takes action, apparently. This means those wishing to buy have just a short while to get their orders in. Casascius products […]

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The Latest Bitcoin News

Bitcoin is a revolutionary solution and a great option for fiat currencies which have dominated the world for quite a lot of time now. However, the major issue with this crypto-currency is that it is volatile and its exchange rate fluctuates like any other currency, and for that reason it is essential for you to read the latest Bitcoin news to know the latest exchange rates. If you have been keeping an eye on the news recently, you must have observed that there have been a lot […]

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