8.00am MORNING HEADLINES Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Bitcoin is currently price at $6,618, with Ethereum at $523 and Ripple at $0.53. Hack attack South Korean exchange Bithumb said in a notice on its website on Wednesday that it had stopped […]
Bitcoin
Mining for Bitcoin in a remote Russian outpost
Andrei Mironovich used to sell “Baltic gold”, a nickname given to amber due to its colour and the fact that most of the world’s deposits of the fossilised resin are to be found along the northern European sea coast. But now he finds it more profitable to mine for “digital gold”, or bitcoin. I met […]
Coinbase CEO Brian Armstrong says not to worry about the bitcoin dip
Coinbase CEO Brian Armstrong shared this graphic to demonstrate major price ebbs and flows in bitcoin’s history.Brian Armstrong via Twitter Just six months after bitcoin mania sent prices soaring up toward $20,000, the popular cryptocurrency is now worth about $6,700 — just a third of its all time high. But the CEO of Coinbase, a […]
Everything you know about Bitcoin is thanks to this Czech grandpa
Ladislav Mecir is a 57-year-old computer programmer who lives in the small town of Jičín outside Prague in the Czech Republic. He has two grandsons; one is expecting a granddaughter next month. Even-keeled and soft-spoken, Mecir is not the stereotypical “Bitcoin Bro,” but he is the most prolific contributor to the subject’s Wikipedia page. Despite […]
Is Bitcoin’s New All-Time-High Hashrate a Green Light for Bulls
Bitcoin tweeted out to it’s 58 thousand plus followers that their hashrate has it another all-time high, experiencing a 15% increase in the last two weeks. Bitcoin Hashrate Constantly Climbing This recent jump and constant rise in hashrate over the past few months shows a consistent level of interest in mining the digital token, despite […]
Bitcoin volatility has plummeted, and that could be signaling a bottom
It’s no secret that bitcoin’s price has seen a stunning descent this year amid ongoing regulatory scrutiny, the birth of its futures market and exchange hackings. Less clear to cryptocurrency traders, however, is what to make of the cornerstone cryptocurrency’s realized volatility. Bitcoin’s rolling 30-day annualized volatility has sunk to around 61 percent, up modestly […]
Crypto responds to the Bank of International Settlement’s bitcoin report
LONDON — Who’s right about bitcoin: the Bank of International Settlements (BIS) or cryptocurrency advocates? The BIS, which is often dubbed the central bank of central banks, released a chapter from its upcoming annual report on Sunday dismissing bitcoin as “a poor substitute for the solid institutional backing of money.” “Trust can evaporate at any […]
Former Legislator in Bitcoin Extortion Case Declared Proclaimed Offender
An Indian court declared former Member of the Legislative Assembly (MLA) Nalin Kotadiya a proclaimed offender in connection with a Bitcoin (BTC) extortion case amounting to $1.3 million, Business Standard reported June 18. Judge PG Tamakuwala declared Kotadiya a proclaimed offender or “absconder” under Section 82 of the Code of Criminal Procedure with reference to […]
Bitcoin’s credibility shrinking amid evidence of artificial price inflation
For years, bitcoin’s enablers have promoted the delightful notion that you can conjure your own money out of thin air. They’ve shielded that rather dubious assertion behind a thick wall of geekery. Unless you’re on speaking terms with hashing algorithms, one-way functions and other such topics, the easiest response has been to shrug your shoulders […]
Finally a Good Place to Put Your Bitcoins
This post originally appeared in Money Stuff. Oil is a perfectly normal thing for an institutional investor to invest in. “I think oil prices will go up so I’m gonna buy some oil”: very common thought process. But if you are a hedge fund, or a pension fund, or an endowment, and you think oil prices […]