The bitcoin price has dropped from $19,530 to $15,150 within the past five days, since December 17. While analysts have attributed the recent decline to many factors, one major factor seems to be high transaction fees of bitcoin. Factors Behind Decline Analysts and experts have offered two explanations to justify the...
Bitcoin has cemented its glory year by hitting $20,000 barely a month after achieving five figures for the first time. After several weeks of considerable volatility, mixing rapid growth with sudden declines, momentum finally boosted Bitcoin to its new historic high. Outperforming almost everyone’s expectations in 2017, Bitcoin prices received a decisive...
The bitcoin price has surged by more than 20 percent overnight, triggered by the launch of the Chicago Board Options Exchange (CBOE) bitcoin futures trading platform. According to cryptocurrency market data provider CryptoCompare, the bitcoin price increased from $13,400 to $16,315 within the past 24 hours. Major Factor: Bitcoin Futures Contrary to...
According to JoongAng, South Korea’s largest mainstream media outlet, investors in the local cryptocurrency exchange market have outraged over Bitcoin Platinum, an alleged scam created by a South Korean teenager. The Twitter handle @bitcoinplatinum, the official account of the Bitcoin Platinum project has advertised the project as a hard fork...
Cryptocurrency mining marketplace NiceHash has confirmed that yesterday's hack resulted in the loss of over 4,700 BTC, an amount worth more than $78 million at press-time prices. In a video update streamed live on Facebook, CEO and co-founder Marko Kobal provided an update to yesterday's dramatic announcement that the company, founded in 2014,...
The value of Bitcoin has been making headlines lately, with prices increasing tremendously over the past few weeks. First, the price of the cryptocurrency smashed the $10,000 level, hitting a record-high of $15,000 a few days later. As of now, the price stands at more than $18,000, with the...
The world’s largest futures exchanges, CBOE and CME Group, have given their imprimatur to Bitcoin futures trading, but South Korea wants none of it. The South Korean government seems to be struggling to understand these currencies which are unlike anything else in the financial world. Recently, South Korea has...
The price of bitcoin has once again reached a new price high on December 6 touching $14K across exchanges worldwide. The value touched an all-time high of $14,047 and quickly dropped to the $13,500 range shortly after. At the moment order books across exchanges are going wild. The bitcoin price...
Legendary billionaire hedge fund investor Mike Novogratz stated that there may be a bubble in bitcoin in certain regions but the cryptocurrency itself isn’t a bubble. As CCN previously reported, Novogratz noted that bitcoin and the cryptocurrency market could become the biggest bubble “of our lifetimes.” “I think this is going to...
To aging heads of state and conservative bankers, bitcoin is a tool for criminality. To those in the know, nothing could be further from the truth; most bitcoin transactions are for legitimate purposes. Proving this has always been difficult, but a new study adds weight to this argument. Its...