"BITCOIN CASH IS BITCOIN NOW." Issued by Li Ang, head of China-based bitcoin mining outfit Canoe Pool, the proclamation may not be distinguishable from typical cryptocurrency banter. However, the difference this time around is the context. No idle statement, Ang's comment comes amid what can only be characterized as one of...
Bitcoin plunges after upgrade is called off  5:06 PM ET Fri, 10 Nov 2017 | 00:48 Bitcoin fell Friday to its lowest since Nov. 1 as traders bet on its offshoot, bitcoin cash, instead. The offshoot digital currency surged more than 40 percent to its highest since Aug. 19, and was last trading...
Market observers expected hot money to flow from Bitcoin to altcoins after the Segwit2x hardfork was cancelled. Instead, the entire altcoin market seems to have crashed along with Bitcoin, while Bitcoin Cash surges by 55% to reach $992. Bitcoin takes the crypto market down If altcoin backers hoped that the cancellation of Bitcoin's...
The Bitcoin bubble is turning into a mania that could help it reach $10,000 by Christmas, before heading for another major correction. The people’s currency has passed several tests in recent weeks. One of them is the “technical test,” the crossing of price resistance marks like 5, 6 and 7,000...
In a new blog post, the developers behind the fork of the bitcoin blockchain said that they would release a formal software client for download at 7:00 PM UTC on Nov. 12. Originally set for a public launch on Nov. 1, the project is backed by LightningASIC, a seller of mining...
The U.S. Secretary of the Treasury, Steven Mnuchin, has said his department is looking into the illegal uses of bitcoin. In an interview with Yahoo Finance, Mnuchin said the situation should be examined "very carefully," stressing it is important to ensure that bitcoin is not used for "illicit purposes." Mnuchin stated: "So we want to make...
Bitcoin cash, the cryptocurrency that split off from bitcoin earlier this year, jumped to an all-time high against the dollar on Friday. Bitcoin cash is up 30% against the dollar to $870.90 as of 12.00 p.m. GMT (7.00 a.m. ET):Markets Insider Analysts say the surge is down to developers abandoning plans for SegWit2x, a...
Over the past decade, companies with almost no physical assets have turned out to be the most successful businesses in their respective industries. Bitcoin is leading the digitalization of the global monetary system and is en route to competing against existing fiat currencies and the finance industry. Uber, Airbnb and...
Many public figures in the traditional financial sector including JPMorgan CEO Jamie Morgan have criticized Bitcoin, describing it as a bubble. However, because of its decentralized, mathematical and transparent nature, it is highly inaccurate to call Bitcoin a bubble of any sort. Tesla, Amazon, Bitcoin “Bubbles” Bitcoin is not a bubble,...
Bitcoin’s dominance eroded to 58% today, as altcoins rallied hard, while the most valuable coin lost some ground after yesterday’s crazy session. Although all major coins are in the green, Ethereum’s move above $315 is probably the most important development in the segment, as a lot of traders have been...