Category: Bitcoin

Former Ripple CTO may have lost much more than $220M in Bitcoin

David Schwartz, current chief technical officer at Ripple, is responding to reports his predecessor had lost access to hundreds of millions of dollars in Bitcoin.  In a Quora post on Thursday, Schwartz said recent reports about former Ripple CTO Stefan Thomas forgetting the password to an encrypted hard drive containing thousands of Bitcoin (BTC) were […]

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Steve Forbes Says Bitcoin’s Fixed Supply Limits Its Ability to ‘Meet the Needs of a Growing Economy’

American publisher Steve Forbes has attacked bitcoin’s fixed supply saying this feature actually curbs the ability of the crypto to “meet the needs of a growing economy.” He also argues that bitcoin cannot replace the dollar because it is presently too volatile to function as money. Forbes insists that money only works best if it […]

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Don’t trust bitcoin just because it’s going mainstream

Closed-end vehicles such as Grayscale Bitcoin Trust avoid this problem when investors sell the shares, no corresponding sale of underlying exposures is needed. Instead, a hefty discount may open up. At present the reverse applies: GBT trades on a 19 per cent premium. It would be cheaper to invest directly in cryptos. One snag is […]

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Former Canadian prime minister names Bitcoin as possible reserve currency

Stephen Harper, who served as prime minister of Canada for nine years, says there may be a place for Bitcoin and central bank digital currencies as part of a basket of reserve currencies to replace the dollar. In an interview with investment service Cambridge House’s Jay Martin at the Vancouver Resource Investment Conference today, Harper […]

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After Huge Bitcoin Price Rally, Here’s What Billionaire Mark Cuban Thinks Is Next For Bitcoin And Crypto

Bitcoin has soared in recent months, smashing through its 2017 highs and entering price discovery for the first time in three years. The bitcoin price hit $42,000 per bitcoin earlier this month before falling back, up around 300% since early October. Bitcoin’s price is currently trading around $36,000, giving bitcoin a total value of $680 […]

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Hedge fund predicts $115K Bitcoin price and the fall of ‘speculative’ altcoins

New data from Pantera Capital, an investment firm and hedge fund, suggests that Bitcoin’s (BTC) current price action is closely following the stock-to-follow model’s trajectory and the firm’s analysts believe BTC will reach $115,212 by Aug. 1.  Bitcoin’s parabolic rally may have placed the price a bit ahead of the model’s projection and this week’s […]

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Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading volumes. Meanwhile, more big banks are reportedly trying to get into the crypto space, including Goldman Sachs. High Demand for Bitcoin and Crypto Products With the price of bitcoin rapidly rising over recent months, more […]

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Bitcoin more likely to be successful ‘in the long run’ than Ethereum

One reason strategist and investment guru Lyn Alden isn’t invested in Ether is she considers the Ethereum network an “unfinished product” when compared with Bitcoin. Alden’s economic analysis of Ethereum released today compares the smart contract network to the Concorde jet: functional as it has “a ton of smart developers working on it,” but unlikely […]

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Pre-Register Now on Aladdin Exchange to Receive 100 TNC Coins

PRESS RELEASE. UAE-based crypto exchange Aladdin opens its platform for pre-registered users. This digital asset exchange is the newest one in the cryptocurrency market. As part of its pre-launching event, the Aladdin Exchange team invites everyone to pre-register and refer people to join the crypto exchange before its official launching. By doing the pre-registration and […]

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$500K in Bitcoin sent from France to US far-right groups

PARIS (AP) — A French computer programmer transferred more than $500,000 in Bitcoin to far-right activists just before his death last month, including some involved in last week’s U.S. Capitol riot, researchers said Friday. Chainalysis, a firm that investigates Bitcoin transactions, found that the majority of the 22 transactions on Dec. 8 went to Nick […]

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