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Bitcoin Price Taps $41,970, Morgan Creek Partner Says ‘BTC Is a 10x Improvement on Gold’ | Market Updates Bitcoin News

by crypto journalist
Bitcoin Price Taps $41,970, Morgan Creek Partner Says ‘BTC Is a 10x Improvement on Gold’ Bitcoin’s price continues to move northbound, as the crypto asset’s value has touched another all-time high (ATH) this week reaching $41,970 per coin on Friday morning (EST). The digital asset bitcoin is now the 7th most valuable asset worldwide with an overall market valuation of around $778 billion today. Cryptocurrencies across the world have seen enormous gains during the last week and this week bitcoin (BTC) has touched multiple all-time highs. BTC has touched another ATH on Friday morning (EST) reaching a whopping $41,970 per […]

As Bitcoin Prices Swing, Millionaires Lose Sleep Over Lost Keys – The New York Times

by crypto journalist
“Even sophisticated investors have been completely incapable of doing any kind of management of private keys,” said Diogo Monica, the co-founder of a start-up called Anchorage, which helps companies handle cryptocurrency security. Mr. Monica started the company in 2017 after helping a hedge fund regain access to one of its Bitcoin wallets. That year, he lost the digital keys to the wallet holding the Bitcoin. Since then, as Bitcoin’s value has soared and fallen and he could not get his hands on the money, Mr. Thomas has soured on the idea that people should be their own bank and hold […]

Bitcoin (BTC): Nearly $170 billion wiped off cryptocurrency market

by crypto journalist
Nearly $170 billion wiped off cryptocurrency market in 24 hours as bitcoin pulls back Published Mon, Jan 11 202112:09 AM EST This content was originally published here.

Why Bitcoin, Ethereum and the Entire Crypto Market Are Down in Value

by crypto journalist
The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com. The way I see it, investors in 2017 — and specifically in Q4 — wanted to buy Bitcoin (BTC) and Ethereum (ETH) for the sole purpose of exchanging it for specific ICO tokens they wanted to invest in. The buyers of Bitcoin and Ethereum did not want to own Bitcoin or Ethereum. They wanted to buy the newly issued initial coin offering (ICO) tokens, but they needed to buy Bitcoin and Ethereum as a short way to get what they ultimately wanted. The […]

Trump Signs Defense Bill Authorizing Blockchain Study

by crypto journalist
U.S. President Donald Trump has signed a $700 billion military spending bill that includes a mandate for a blockchain cybersecurity research study. As CoinDesk reported in September, the bill– as advanced by the U.S. Senate at the time – called for the Department of Defense to investigate “potential offensive and defensive cyber applications of blockchain technology and other distributed database technologies.” The language itself is part of the wider Modernizing Government Technology Act (MGT), which focuses on improving the government’s IT and cybersecurity systems. The blockchain study, according to the (which was ultimately signed earlier today by Trump), will constitute “an assessment […]

Mastercard Expands Access to B2B Blockchain Payment Tools

by crypto journalist
Credit card giant Mastercard is pushing ahead with a set of blockchain payment tools first unveiled last year, opening them up to banks and merchants for wider use. In a press release, the company announced today that it would first be working on business-to-business (B2B) transactions with the tech, as part of a bid to “address challenges of speed, transparency and costs in cross-border payments.” Mastercard revealed its blockchain work in October 2016, with systems aimed at smart contracts and payment settlement processes, as previously reported by CoinDesk. At the time, blockchain lead Justin Pinkham said the company was looking for […]

As Bitcoin Goes Mainstream, Feds Steal $1.74 Billion of It, Kidnap Man for Life for Website that Used It

by crypto journalist
Before Bitcoin became the newest tech and investment craze, it was seen as the currency of the black market which was used to buy and sell drugs on the infamous “dark web.” In fact, one of the early adopters of Bitcoin is currently serving a life sentence for creating one of the first websites that popularized the cryptocurrency. He was one of the first people to find a way to utilize Bitcoin that the mainstream could understand, which brought the technology into pop culture. His name is Ross Ulbricht and he is the founder of the Silk Road, the anonymous online […]

Someone Just Emptied Out a Bitcoin Wallet With $964,000,000 In It

by crypto journalist
As the world braced for a long election night that effectively hasn’t ended, someone emptied out one of the most valuable digital wallets in the world.  On Tuesday, whoever is in control of the Bitcoin address “” transferred all its contents—a staggering 69369.16716000 BTC or roughly $964,000,000. At this point, it’s impossible to know whether this was a heist or just the long-dormant owner of the wallet moving out their savings to another wallet.  That wallet has been an object of speculation for cryptocurrency enthusiasts for years, and until the transfer it was one of the most valuable Bitcoin addresses […]

50 Cent Earns Millions Selling Album For Bitcoin

by crypto journalist
Getty We all like to say we invested in Bitcoin before it was cool, but one person actually did, and now he’s reaping the rewards. The rapper became the first to accept bitcoin when he released the album Animal Ambition in 2014 as payment. At the time bitcoin was valued at around $662. TMZ sources say Animal Ambition pulled in around 700 bitcoin in sales, over $400k. ABC The money sat there untouched for years… until now. Today, bitcoin’s value has risen to between $10k and $12k per coin. That means Fiddy is sat on a cushy $7/8.5 million. That […]

Bitcoin Price Touches the $37K Zone, Crypto Economy’s Market Cap Hits $1 Trillion | Market Updates Bitcoin News

by crypto journalist
Bitcoin Price Touches the $37K Zone, Crypto Economy’s Market Cap Hits $1 Trillion The price of bitcoin smashed through the last all-time high again jumping above the $37k zone to $37,400 per coin. The crypto asset’s market valuation is around $689 billion at the time of publication, as it has seen $26 billion in trade volume worldwide. Moreover, the entire crypto-economy surpassed the $1 trillion mark on Wednesday evening (EST) as well. At approximately 7:04 p.m. (EST), touched an ATH of around $37,400 per unit. Currently, is still riding above the $37k handle. The pools that follow F2pool include operations […]