Bitcoin Miners Turn 'Hash' into Bitcoins—and Fortunes
"The more hashpower a miner has, the higher probability of winning the guessing game. This is why organizations set up massive mining facilities with hundreds of specialized mining machines, where expensive machines have more hashpower."
U.S. Unlikely to Join Other Nations in Banning Bitcoin
Although some countries, including India, are considering banning Bitcoin, an outright ban in the United States is unlikely. Wall Street has embraced Bitcoin as an asset class, and derivatives are traded on the Chicago Mercantile Exchange.
Tesla Sells Bitcoin, Elon Musk Denies Pumping and Dumping Crypto
Barstool Sports founder Dave Portnoy made the claim against Musk on Twitter after Tesla reported its Q1 2021 earnings.
Elon Musk Tells Dave Portnoy He Has it Wrong About Selling Bitcoin
Elon Musk on Monday said that Tesla recently sold 10 percent of its Bitcoin, turning a $101 million profit, in a bid "to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet."
Majority of Crypto Investors Think Bitcoin Will Top $100K This Year: Survey
A recent survey of 1,015 of investors in cryptocurrency found that 54.3% believe Bitcoin will climb to $100,000 this year. The survey offered no analysis of the cryptocurrency's fundamentals or outside forces affecting its price.
Elon Musk Tweets 'Hodl' Crypto Slang Amid Price Volatility
The "hodl" message from the Tesla CEO comes amid fluctuation in the cryptocurrency markets.
SafeMoon Price Creeps Higher Again After Recent Crash
The new cryptocurrency has gained popularity since its launch but experts have warned about its volatility.
Joe Biden's Plan to Raise Capital Gains Tax Sends Bitcoin Tumbling
News that President Joe Biden will propose a significant increase in the capital gains tax sent Bitcoin's price below $50,000 for the first time since early March.
As Dogecoin, SafeMoon Cryptos Gain Attention, Experts Warn of Risk
Experts weigh in on the risks of cryptocurrency trading, and why they have a reputation for volatile prices.
Bitcoin Down Over 10 Percent Amid Biden Capital Gains Tax Speculation
Other cryptocurrencies, including Dogecoin and Ethereum, were also down in price amid reports Biden will increase levies on investments to fund social care.
Dogecoin, the Crypto Launched as a Joke, May Have the Last Laugh
" An entire generation of investors is speculating on their own meme currency, which is essentially a parody of money," Seeking Alpha said in a report. "Behind Dogecoin is a rebelliously nihilistic and perhaps dangerous idea that meme money is no more real than actual currency."
Looming Bitcoin Correction Could Cut Value More Than 50%, Analyst Says
"Given the massive move we've had in Bitcoin in the short run, things are very frothy, and I think we're going to have a major correction in Bitcoin," Scott Minered, firm's global chief investment officer at Guggenheim Partners in New York, told CNBC.
How to Buy Crypto on Venmo As Bitcoin and Others Hit App
The four types of cryptocurrencies can now be bought and sold via the social payments app. Here's what you need to know about trading.
Bitcoin Swings, Dogecoin Wobbles, But Crypto Keeps Growing
Cryptocurrency continues to gain wider acceptance in the marketplace despite Bitcoin's manic swings and Dogecoin's guffaws.
Turkey Bans Crypto, Bitcoin Value Drops
Bitcoin fell 4.32% in early trading Friday after Turkey banned the use of "excessively volatile" cryptocurrencies in commerce.
Dogecoin Price Surge Sparks Wave of Memes as Investors Celebrate Spike
The value of dogecoin, the meme-inspired cryptocurrency, has shot up by around 80 percent over the last 24 hours.
Dogecoin Creator Says 'Stay Safe, Be Smart' as Crypto Hits Highest Price
Markus warned investors to keep a safe amount of money aside and added: "Euphoria is a helluva drug."
Majority of Crypto Investors Believe It Will Make Them Rich
A survey of 1,000 Americans by MagnifyMoney, a division of Charlotte, North Carolina-based LendingTree, found that 62% of crypto investors believe they'll get rich.
Bitcoin Reaches $1 Trillion Valuation Twice as Fast as Amazon
Bitcoin, backed by investments from major institutions, outpaced the growth of major companies and achieved a $1 trillion market valuation in just 12 years.
Galaxy Digital CEO Calls Coinbase IPO Cryptocurrency's 'Netscape Moment'
When asked if the Coinbase listing has an impact on the price of Bitcoin, Novogratz said, "step back and let's not miss the big picture. This is like the Netscape moment for the cryptocurrency economy."
Bitcoin Hits New High as Crypto Acceptance Goes Global
Bitcoin surged to a new high Tuesday as investors bet on its growing strength as a long-term investment and increasing acceptance in commerce.
Coinbase is More Valuable Than Citigroup, Morgan Stanley, BlackRock
Coinbase is set to become the most valuable exchange in the U.S. based on current $100 billion predictions ahead of its public debut, but analysts warn that these expectations are likely overvalued for such a nascent company.
McCarthy Says Gov't Tried to Make Bitcoin Go Away as Value Hits Record High
The House minority leader says bitcoin is an important part of America's competitive future: "I do not want America to fall behind. I want the next century to be ours."
Indicators Show Investors Buying and Holding Bitcoin
"The spikes in Bitcoin outflows from exchanges typically coincides with upside price action in the following days, as investors continue to accumulate during the dips of this bullish market cycle," said Lennard Neo, a certified financial analyst and head of research at Stack Funds in Singapore.
Goldman Sachs CEO Sees 'Big Evolution' in Bitcoin and Crypto Regulations
"I think there will be a big evolution," Goldman Sachs CEO David Solomon said. "As to how this evolves in the coming years, we operate in the rules we have."
MO Man Tried to Buy Enough Chemical Weapons to Kill 300 People on Dark Web
The chemical can cause severe mercury poisoning, something that can result in slurred speech, physical impairment, vomiting, blindness, loss of hearing, coma and even death.
Major Bitcoin Players Unite to Form Trade Group to Promote Crypto
The Crypto Council for Innovation (CCI) said it plans to undertake research projects and lobby lawmakers to promote what it sees as the "transformational technology's promise" and to correct perceived misperceptions.
Bitcoin Volatility Decreasing as Price Movement Begins to Mirror Gold
"These tentative signs of Bitcoin volatility normalization are encouraging," JPMorgan said in report released last week. "In our opinion, a potential normalization of Bitcoin volatility from here would likely help to reinvigorate the institutional interest going forward."
Cryptocurrency Market Surpasses $2 Trillion for First Time Ever
The combined market cap of all cryptocurrencies hit $2 trillion for the first time Monday, making the cryptocurrency market as a whole as valuable as Apple.
Bitcoin Mining More than Four Times More Expensive than Gold Mining
It costs about $973 to mine an ounce of gold and $4,161 to mine one Bitcoin by computer, industry figures show.