Tag Archives: money

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

The worlds most popular cryptocurrency is now worth over $2,000 per coin. Thats 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. Bitcoinfirst broke the $1,000 valuation mark way back in 2013, but a combination of factors including the implosion of then-top exchange Mount Gox saw the currency drop in value. Support […]

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The Future of Bitcoin Is Not as a Digital Currency

Circle unveiled itself at a bitcoin conference in 2014, vowing to take the digital currency mainstream. But like so many other startups that embraced this big idea at around the same time, its mission has changed. In January, I met Circle CEO Jeremy Allaire for coffee in San Francisco. Even then, he was careful to paint his company not as a bitcoin operation but as an outfit that would help people easily trade good old-fashioned dollars with friends and family via a new smartphone app. And now, […]

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Ripple: cryptocurrency enjoys end-of-year surge – but will it endure?

Ripple, also known as XRP, peaks at more than $100bn and surpasses Ethereum to become second most valuable cryptocurrency after bitcoin If 2017 was the year of bitcoin, the pioneering cryptocurrency that neared $20,000 in December, will 2018 be the year of Ripple? The market value of Ripple, also known as XRP, rose more than 50% on Friday, to a record $85bn. Ripple continued to climb over the weekend, peaking at over $100bn, and now surpasses Ethereum ($72bn) as the second most valuable cryptocurrency after bitcoin ($237bn). […]

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Why we should fear a cashless world | Dominic Frisby

Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance The health food chain Tossed has just opened the UKs first cashless cafe. Its another step towards the death of cash. This is nothing new. Money is tech. The casting of coins made shells, whales teeth and other such primitive forms of money redundant. The printing press did the same for precious metals: we started using paper notes instead. Electronic banking put paid […]

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Teenage bitcoin millionaire is back with a better Botangle

Erik Finman gained notoriety and a certainfameas a 14-year-old entrepreneur and bitcoin investor whod managed to turn a $1,000 investment in the cryptocurrency into more than a million dollars and a chance to never see the inside of a college institution. Hailing from the small town of Post Falls, Idaho, Finman, the son of two Stanford-educated engineers whose small business sells big technology to the Defense Department, was a kid who never took to public education. Unlike his brothers, Ross and Scott, the youngest Finman didnt respond […]

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‘$300m in cryptocurrency’ accidentally lost forever due to bug

User mistakenly takes control of hundreds of wallets containing cryptocurrency Ether, destroying them in a panic while trying to give them back More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports. Unlike most cryptocurrency hacks, however, the money wasnt deliberately taken: it was effectively destroyed by accident. The lost money was in the form of Ether, the tradable currency […]

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New Bitcoin ATMs

A new step for Bitcoins, a Bitcoin ATM is coming out and this time in Asia. This new ATM will be based in Hong Kong , more specifically Mongkok area, and according to the operators it will be functional by the March-April time period. The adapters of this new Bitcoin ATM concept announced they will be offering the best Bitcoin price through a partnership with Bitcashout.com an established exchange. The ATM will provide a comfortable user-end, fast transactions, and security to provide the most customer-friendly service. This […]

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Sending and Receiving Money With Bitcoin

The bitcoin system is one of the first types of crypto-currency which has existed in the market since January 2009. What makes bitcoin different from regular currencies is the fact that bitcoin uses cryptography to monitor and control the creation and transfer of the currency between different parties. Bitcoins are generated over time at a diminishing rate, and the maximum amount of bitcoins in the market at one time is 21 million units. The usage of bitcoin eliminates the need of a third party when it comes […]

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Why Invest In Bitcoin?

Bitcoin continues to outperform every reserve and fiat currency across the world. In sign of an increased confidence in the future of the cryptocurrency, Barry Silbert’s Bitcoin Investment Trust (BIT) has doubled its initial public offering (IPO) amount to $1 bln. An amendment filed with the US Securities and Exchange Commission (SEC) on Thursday includes the new figure as the agency reconsiders its March decision to deny the Bitcoin ETF market access. By outperforming the US dollar by almost 50 percent, Bitcoin surpassed the growth of the […]

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