BlackRock CEO: Cryptocurrency Is ‘Going to Transform How We Do Our Business’
BlackRock investment firm CEO Larry Fink argued that cryptocurrencies are going to revolutionize the way that the world does business.
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Rapper 50 Cent Earned $8 Million After Accepting Bitcoin for 2014 Album ‘Animal Ambition’
Rapper 50 Cent admitted recently that he made approximately $8 million in Bitcoin after accepting the digital currency as a payment method for his 2014 album, “Animal Ambition.”
Fact Check: Bitcoin Skeptics Claim ‘Nobody Has Come Up with a Use for Blockchain’
It’s been a tough time for new owners of Bitcoin. After the decentralized digital currency rocketed to prices of $20,000 for one whole BTC, those values dropped roughly 50 percent and have bounced back and forth between $10k and $12k for the past week. And, while the asset’s 9-year history suggests the bear market won’t last forever, Bitcoin critics are out in force warning the recent adopters that the fundamentals of their investment are not sound.
Cryptocurrency Lender BitConnect Shuts Down, Users Fear Total Loss
BitConnect, a lending platform for the cryptocurrency space in which lenders could deposit bitcoin and lend out BitConnects “tokens,” has announced it is shutting down.
Capital One Is Blocking Customers from Purchasing Cryptocurrency
Capital One acknowledged in a tweet on Sunday that they are blocking customers from purchasing cryptocurrency with their credit cards.
Fake News: Reuters Says South Korea ‘Prepares to Ban’ Bitcoin — Years from Now, if Lawmakers Write a Bill
Reuters published a misleading report Thursday giving the impression that South Korea was certain to ban the trading of cyber currencies such as Bitcoin, contributing to a panicked sell-off of digital blockchain assets.
Venezuelan Congress Declares Maduro’s ‘Petro’ Cryptocurrency Illegal
Venezuela’s democratically elected National Assembly has outlawed the use of a national cryptocurrency known as the “petro” on Tuesday, describing it as an illegal attempt to mortgage the country’s oil reserves.
Mark Zuckerberg’s 2018 Resolution: ‘Decentralize’ Tech Giants’ Power
Mark Zuckerberg, the CEO of social media giant Facebook, has vowed to explore the growing world of cryptocurrencies in 2018 according to his most recent Facebook post.
Exmo Bitcoin Manager Kidnapped in Kiev by Balaclava-Wearing Men
An analytics manager for Exmo Bitcoin exchange was kidnapped in Kiev when he left his office this week, according to a report.
Dulis: My 5 Favorite Altcoins for Mining in 2017
This was the year that I finally jumped down the rabbit hole known as “cryptocurrency” — decentralized, blockchain-based digital money — and a big part of what sparked my interest was the concept of “mining,” or using my computer’s processing power to mint new units of these “coins.”
The Bitcoin Community Is Furious with Coinbase’s Surprise Launch of ‘BCash’
Bitcoin owners and enthusiasts spent Tuesday night and Wednesday morning raging against Coinbase — one of the most popular apps for exchanging U.S dollars to blockchain-based digital currencies — after the trading platform unexpectedly began exchanging BTC’s controversial rival “Bitcoin Cash,” then quickly crashed as its new product became illiquid.
‘Loapi’ Cryptocurrency Mining Malware Literally Destroys Phones
A stealthy cryptocurrency miner hijacks Android phone processors and then pushes the devices to their literal breaking point.
Report: $64M in Bitcoin Stolen in ‘NiceHash’ Hack
Nearly $64 million in bitcoin has been stolen following a hack that affected “bitcoin mining marketplace” NiceHash.
Steam Drops Support for Bitcoin Due to ‘High Fees and Volatility’
In a blog post by “Kurtis” on behalf of Valve’s Steam gaming platform, the company outlined why they made the decision to cut support for the popular digital currency Bitcoin.
Venezuela’s Maduro Launches the ‘Petro,’ an Oil-Based Cryptocurrency
Venezuela’s socialist dictator Nicolás Maduro has announced the introduction of a new oil-based cryptocurrency to help restore the country’s collapsed economy.
Bitcoin Price Cracks All-Time High of $10,000
The price of one full Bitcoin, the original decentralized digital currency, officially hit 10,000 U.S. dollars early Tuesday morning, according to data from CoinMarketCap.
Ethereum’s Vitalik Buterin Deletes Tweets About Legalizing Child Porn
Vitalik Buterin — the co-founder of Ethereum, a digital currency and dapp (decentralized app) development platform — deleted tweets from his verified Twitter account Monday night that seemed to defend the idea of legalizing child pornography.
Dash Upgrade Promises Lower Fees — and Strong Competition for Bitcoin, Visa
Dash ($DASH), a decentralized digital currency, released an upgrade to its blockchain code Wednesday that promises to reduce most transaction fees to less than a third of a penny, boasting that it has upgraded its scaling capabilities as Bitcoin struggles under the load of its users’ activity.
Bitcoin Soars Above $7,000 for First Time
The price of Bitcoin smashed another record early Thursday morning — $7,000 for each unit of the digital currency.
Report: Showtime Caught Mining Cryptocoins in Viewers’ Browsers
Websites owned by CBS subsidiary Showtime secretly used viewers’ web browsers to mine cryptocurrency over the weekend, according to a report.
Princeton Researchers Claim Bitcoin Transactions Do Not Guarantee Anonymity
Independent researchers at Princeton University have revealed that they can identify the names of users behind Bitcoin transactions.
AMD Stock Is Soaring Thanks to Help from Ethereum Miners
AMD’s share price is soaring thanks to an influx of hardware purchases from Ethereum miners.
Hackers Steal Millions Worth of Ethereum in Week of Crypto Heists
A group of vigilante hackers stole $75 million worth of Ethereum that was vulnerable due to a bug in the wallet code but claim that they plan to give it back to its rightful owners.
Ethereum Price Continues Rapid Price Growth to Break $400 Mark
The price of Ether has continued to increase in 2017, with the cryptocurrency flirting with U.S. dollar values above $400 as of Monday evening.
Crypto-Project Ripple Owns Potentially $16 Billion of Its Own Currency
The Ripple Project, a blockchain start-up seeking to revolutionize the way that the world transfers money, is potentially sitting on over $16 billion of its own cryptocurrency.
Former Mozilla CEO’s ‘Brave’ Internet Browser Raises $35 Million in ‘Under 30 Seconds’
Brave, a privacy-based and open-source browser, raised $35 Million from its initial coin offering (ICO) in under 30 seconds this week, according to a report.
Bitcoin Rival Ethereum Rallies to over 2,700% Increase in 2017
The increasingly popular crypto-project Ethereum has had a strong 2017, increasing in value by more than 2,700 percent since the beginning of the year.
Cybersecurity Firm: a Larger Global Cyber Attack Is on the Way
A cybersecurity firm has claimed that another, bigger cyber attack is on the way, adding that the next incident could “dwarf” the last.
Bitcoin Value Crashes by Nearly Twenty Percent
Bitcoin value took a dramatic dive Thursday with the cryptocurrency’s value falling by as much as 18% to $820 per coin, according to Business Insider.