BitCoin Update


Like flu season, the 'infectious' spread of bitcoin could be over, Barclays says

Like flu season, the 'infectious' spread of bitcoin could be over, Barclays says

In order to value bitcoin and predict future prices, analysts at Barclays came up with a model that likens it to an infectious disease. Like flu season, the mania around cryptocurrency and subsequent price spikes could be coming to an end.
Bitcoin tanks below $7,000, down 6% in two hours

Bitcoin tanks below $7,000, down 6% in two hours

Bitcoin dropped more than 6 percent over two hours Monday, below $7,000 as the April tax-filing deadline approaches. The cryptocurrency hit a low of $6,646.07 as of 3:49 p.m. ET Monday, according to data from CoinDesk. Bitcoin prices have fallen more than 27 percent over the past month.
Bitcoin exchange Coinbase launches early-stage venture fund

Bitcoin exchange Coinbase launches early-stage venture fund

Popular cryptocurrency exchange Coinbase is launching a new incubator fund for early-stage start ups, the company announced Thursday. "We're going to invest off our balance sheet into crypto companies," Coinbase President and Chief Operating Officer Asiff Hirji told CNBC's "Fast Money" Thursday.
Mt Gox CEO: I Don't Want Bankrupt Bitcoin Exchange's Billions

Mt Gox CEO: I Don't Want Bankrupt Bitcoin Exchange's Billions

The former chief executive of what was once bitcoin's largest exchange has again apologized for his role in the company's 2014 collapse and demise into bankruptcy. In a Reddit post on Wednesday, Mark Karpeles issued a letter to the exchange's users, many of whom have been locked in a years-long ....
Bitcoin prices jump after Japanese online broker reportedly makes bid for a crypto exchange

Bitcoin prices jump after Japanese online broker reportedly makes bid for a crypto exchange

Bitcoin prices rose above $7,400 Tuesday after reports that Japanese online brokerage firm Monex Group is looking to take over recently hacked Japanese cryptocurrency exchange Coincheck.
120 Million? Vitalik Proposes Cap on Ether Cryptocurrency

120 Million? Vitalik Proposes Cap on Ether Cryptocurrency

Vitalik Buterin has penned a new proposal that could lay the foundation for resolving one of the ethereum network's biggest outstanding questions - whether a limit on the amount of ether that could be created would ever be set.
Bitcoin Breaches $7,000 in Downbeat End to Dismal Quarter

Bitcoin Breaches $7,000 in Downbeat End to Dismal Quarter

Bitcoin’s miserable quarter isn’t over yet. The world’s biggest cryptocurrency by market value dropped below the $7,000 mark Friday morning in Asia, the first time it’s breached that level since early February, according to data compiled by Bloomberg.
Reddit Drops Bitcoin Payment Option For 'Gold' Membership

Reddit Drops Bitcoin Payment Option For 'Gold' Membership

Social media website Reddit is no longer accepting bitcoin as payment for its Reddit Gold membership program. On Friday, users began commenting in the /r/BTC subreddit that the only available payment methods for the service are credit cards and PayPal,
Coinbase will support Ethereum ERC20 tokens on its exchange

Coinbase will support Ethereum ERC20 tokens on its exchange

Coinbase has traditionally been extremely selective when it comes to adding new coins on its platform, but it appears things might be about to change: the San Francisco-based company has announced plans to support Ethereum-based ERC20 tokens on its cryptocurrency exchange desk in the near future.
Mickey Mantle Baseball Card Worth $3.5 Mln Goes To Bitcoin-Friendly Auction

Mickey Mantle Baseball Card Worth $3.5 Mln Goes To Bitcoin-Friendly Auction

Ex-NFL player Evan Mathis, a member of the Broncos when they won the Super Bowl 50, is auctioning a $3.5 mln Mickey Mantle baseball card and is prepared to accept Bitcoin as payment, the AP reported yesterday, March 24.


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