Bitcoin bulls view the cryptocurrency as a hedge against what some fear will be inflation from the cascade of cash injected into the economy through government stimulus programs.
Malibu artist Tyler "ENSO" Barnett plans to price his work in Bitcoin and accept only the crypto-currency as payment. He believes Bitcoin's block chain, an unalterable record of each transaction, will create a transparent way to price art break the dominance of major auction houses. .
The Tesla and SpaceX boss said in an interview on the Clubhouse app on Sunday night that his social media posts about dogecoin are "really just meant to be jokes."
Screenshots shared on social media apparently taken from the investment platform showed a message informing users that instant deposits were "temporarily unavailable for crypto purchases."
In a 4,600-word open letter to the Financial Crimes Enforcement Network of the U.S. Treasury Department that has gone viral, Twitter founder and Square, Inc. CEO Jack Dorsey ripped the proposed regulations of Bitcoin and other crypto-currencies.
Bitcoin appears to be a good hedge against inflation because, unlike government-issued fiat currencies such as the U.S. dollar, the British pound, and the euro, supply of the crypto-currency is limited—and typically, limited supply coupled with strong demand drives the price higher.
Institutional interest in Bitcoin is flagging. "At the moment, the institutional flow impulse behind the Grayscale Bitcoin Trust is not strong enough for Bitcoin to break out above $40,000," London-based JP Morgan analyst Nikolaos Panigirtzoglou said.
Janet Yellen, President Joe Biden's nominee for U.S. Treasury Secretary, softened her comments of Bitcoin and other crypto-currencies, but said additional regulations are needed.
Bitcoin fell as much as 17% Thursday, but regained its footing in early trading Friday. CoinDesk calculated that the plunge erased about $100 billion in market value.
Bitcoin, once viewed as a curiosity reserved for digital age pioneers, economic swashbucklers, the aggressively offbeat or the gullible, is going mainstream. By one estimate, about 50 million investors worldwide traded Bitcoin and other crypto-currencies in 2019.
Transfer of 28.15 Bitcoins on Dec. 8 to 22 alt-right recipients may have been used to help organize the Jan.6 assault on the the U.S. Capitol, investigators believe.
Last Sunday, Bitcoin's value hit a record high of $34,792.47, but it fell 17 percent in value on Monday to roughly $28,878.
"I would just lay in bed and think about it. Then I would go to the computer with some new strategy, and it wouldn't work, and I would be desperate again," said Stefan Thomas.
Individuals investing in crypto-currencies such as Bitcoin should be prepared to lose all their money, a United Kingdom regulatory agency warned Monday.
A recent rally in the cryptocurrency had culminated in the price topping $41,000 on Sunday, however by Monday morning its value had plunged significantly.
A new survey of dozens of top Wall Street insiders reveals mixed feelings about the next four years.
There are plenty of ways you can join in on the excitement of buying and selling Bitcoin, even as the value has risen significantly since March.
The value of Bitcoin has peaked, surpassing the $20,000 mark for the the first time—having dipped below $4,000 just nine months ago.
In the current craze, which is at least the fourth I've lived through, it's important to remember that the best way to make money is slowly.
The last time Bitcoin saw a spike of this magnitude was 2017, when price gains were largely fuelled by a swell in consumer interest, with markets closely matching trends in online search engines. This time, some analysts say it's different.
He explained that the company would only focus on its mission for an "open financial system for the world," and that focusing on unrelated causes distracts from that mission.
The individual had been connected to a hacking group known as The Dark Overlord, which had taken credit for the theft of television shows and medical files.
John Michael Musbach allegedly asked if 14 years old was an "acceptable age or too young" when hiring a hitman on the dark web.
It's doesn't rival Bitcoin, but Chainlink is increasingly being discussed and searched about online. Here's what it does and how much its worth, according to cryptocurrency expert Charles Hayter.
"This incident is a dark chapter in our exchange's history, and we are pleased to offer this reward as further evidence of our determination to obtain the lost property," Bitfinex said.
A 17-year-old from Tampa has been identified as the mastermind behind a Twitter hack that scammed over $100,000 in bitcoin. Hillsborough State Attorney Andrew Warren filed 30 felony charges against the teen, who will be tried in Florida as an adult.
Despite being panned by mega-investors, bitcoin is rebounding—and is increasingly appearing as one of the safer investment avenues in a crisis.
The New York Times reported that a 19-year-old from the south of England was involved in the hack of notable public figures.
The social network's security team is continuing to analyze the scope of the cyberattack believed to have exploited an internal system accessed by a "coordinated social engineering attack."