Market Hive

Tesla Billionaire Elon Musk Reveals How Much Bitcoin He Owns

  Tesla Billionaire Elon Musk Reveals How Much Bitcoin He Owns Billionaire Elon Musk is a huge fan of cutting-edge technology and is usually ahead of the curve when it comes to finance, but he's not a bitcoin bull. The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token. "I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago," Musk confessed. Using today's bitcoin…

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Bitcoin Fees Are Down Big – Why It’s Happening and What It Means

  Bitcoin Fees Are Down Big – Why It's Happening and What It Means $26 down to $3. The average cost of sending a bitcoin transaction is cheaper than it's been in a year and a half, showing the price isn't the cryptocurrency's only unpredictable metric these days. But with all the debate about growing fees, this might come as a surprise. After all, it wasn't so long ago that fees were so high a group of prominent investors and…

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Bitcoin – British MPs launch inquiry into digital currencies

Bitcoin – British MPs launch inquiry into digital currencies MPs have launched an inquiry into cryptocurrencies and the technology behind them. The Treasury Committee said it wants to understand the risks and benefits of digital money following an explosion of interest – and investment – in them. The MPs will cover the role of digital currencies in the UK, including the impact on consumers and businesses. Although currencies such as Bitcoin have drawn criticism, the technology behind them has been…

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Crypto Mining Craze Creates Global GPU Shortage

Crypto Mining Craze Creates Global GPU Shortage The cryptocurrency bull run of 2017 attracted multitudes of investors looking to get rich quick but it also created a mining boom that has resulted in a worldwide shortage of computer components.   Miners Plunder Singapore, Hong Kong For Cheap Rigs Scores of miners from around the world come to the electronics bazaars in Asia to buy cryptocurrency rigs. Hong Kong’s Sham Shui Po and Singapore’s Sim Lim Square to name just a…

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Trader Takes a Risk With Bitcoin, Becomes Cryptocurrency Billionaire

Trader Takes a Risk With Bitcoin, Becomes Cryptocurrency Billionaire A mysterious investor who had recently purchased astonishing $400 million in bitcoin has just become a cryptocurrency billionaire. Earlier this year, Bitcoin investors pressed the panic button when the cryptocurrency saw as much as 50 percent of the market lost amidst fears of growing regulations within the community. Taking advantage of the collapse Bitcoin experienced over the first two months of 2018, the unnamed trader with the Bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased…

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Doge Is Helping Ethereum Solve Its Biggest Issue

Doge Is Helping Ethereum Solve Its Biggest Issue A cryptocurrency modeled after a dog meme is proving yet again it's not just a joke. Created on a whim in 2013, dogecoin isn't simply still around, it's playing a crucial role in the ongoing testing of at least one "serious" technology. In fact, on February 5, it notably factored into an experiment that successfully showcased one of ethereum's more enterprising projects. On that date, the much-anticipated technology truebit successfully sent dogecoin…

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CFTC Warns Against Cryptocurrency Pump-and-dump Schemes

CFTC Warns Against Cryptocurrency Pump-and-dump Schemes The rising popularity of cryptocurrencies is of great concern. Especially when it comes to pump-and-dump schemes, there’s reason to be concerned. As such, the CFTC issued an official warning against this type of market manipulation. They advise customers to avoid such schemes, especially when it comes to small and new altcoin markets. It is evident doing one’s research is always the best course of action. In the world of cryptocurrency, pump-and-dump schemes are nothing…

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What Could Lift Bitcoin, Ripple, Ethereum, And Litecoin Prices Back Towards New Highs

What Could Lift Bitcoin, Ripple, Ethereum, And Litecoin Prices Back Towards New Highs The cryptocurrency party is on again. After being in a deep correction for a few weeks, Bitcoin, Ethereum, Ripple, and Litecoin have been coming back nicely over the last week, gaining 19.87%, 10.48%, 30.57%, and 53.90% respectively—see table 1.   Table 1   7-Day Price Change For Major Cryptocurrencie Source: Coinmarketcap.com 2/16/18 at 10:30 a.m.   The turnaround in cryptocurrency markets comes as equity markets rebounded from…

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Bitcoin Price Technical Analysis for 16th Feb – One More Hurdle to Clear

Bitcoin Price Technical Analysis for 16th Feb – One More Hurdle to Clear Bitcoin Price Key Highlights Bitcoin price has broken past its inverse head and shoulders pattern neckline to show that an uptrend is in the cards. Price is hitting another upside barrier at its descending trend line, though, and this might prompt profit-taking. Technical indicators are also suggesting that the rally is overdone. Bitcoin price is testing the descending trend line on its 4-hour time frame, and moving…

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Cryptocurrency latest – Unprecedented Bitcoin legal battles BAFFLE top regulation lawyers

Cryptocurrency latest – Unprecedented Bitcoin legal battles BAFFLE top regulation lawyers UNPRECEDENTED legal battles are set to take place in the UK after it was reported that divorce lawyers are struggling to come up with settlement agreements over cryptocurrencies. The unusual legal cases are said to concern at least three couples looking to legally separate. One pair has a fortune of £600,000 in cryptocurrencies that they are currently struggling to agree how to split. The lack of regulation surrounding the…

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