Why Bitcoin and Ethereum will soon be everywhere

Why Bitcoin and Ethereum will soon be everywhere Bitcoin, Ethereum and blockchain technologies are all the rage. Initial coin offerings (ICOs) are raking in millions in mere minutes, and every day a new initiative is announced with ever-increasing hype. With all of this going on, you’d expect cryptocurrencies to be mainstream fare, right? Unfortunately, they’re not quite there — yet. As of now, your grandma probably isn’t wagering Ethereum with her bridge buddies. Heck, even buying pizza with cryptocurrency sounds…

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Young investors make thousands from bitcoin but experts warn amateurs could lose everything

Young investors make thousands from bitcoin but experts warn amateurs could lose everything Anyone seeking the hottest investments will have been watching developments in cryptocurrency with a discerning eye. Bitcoin, the king of the breed, has soared in value since launching in 2010. Thirty dollars’ worth of bitcoin bought at launch would have made you a millionaire by now. But the digital currency is also susceptible to wild fluctuations. Less than two weeks ago, the price of bitcoin collapsed by…

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First Cash, Now Gold? Another Bitcoin Hard Fork Is on the Way

First Cash, Now Gold? Another Bitcoin Hard Fork Is on the Way Bitcoin, bitcoin cash, bitcoin gold? There could be as many as four cryptocurrencies bearing the bitcoin name if a small group of miners and developers carry out a planned fork of the blockchain this month. Styled as a rebellion of sorts, bitcoin gold aims to follow a similar launch plan as bitcoin cash – the blockchain that split from bitcoin this summer by way of a "hard fork."…

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Early bitcoin investor Palihapitiya declares ‘nobody can stop it’

Early bitcoin investor Palihapitiya declares 'nobody can stop it' Social Capital's Chamath Palihapitiya was early in both Facebook and bitcoin and continues to back both. "The idea that the government can put curbs on this is actually pretty specious," he said in response to JPMorgan Chase CEO Jamie Dimon's criticism of bitcoin. Investors who followed Social Capital's Chamath Palihapitiya into the early stages of two investments he advocated would have made an awful lot of money. Palihapitiya was early in…

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Bitcoin’s price is spiking by 7 percent as traders shake off China fears

Bitcoin's price is spiking by 7 percent as traders shake off China fears The price of bitcoin is up nearly 300 percent year to date. Bitcoin is still under the $4,000 level, which it broke through after JPMorgan CEO Jamie Dimon said on Sept. 12 that the cryptocurrency is a "fraud" that will eventually blow up.   The price of bitcoin rose sharply on Monday with its price spiking up 7 percent midday, according to CoinDesk market data. The price…

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Why Most ICO’s Will Fail: A Cold Hard Truth

Why Most ICO’s Will Fail: A Cold Hard Truth In this guide from Blockgeeks, you will learn why most ICO’s Will Fail. On June 12, 2017, an Ethereum based called Bancor held its ICO. It raised $153 million in 3 hours. No, you are not reading it wrong, 153 million…..in 3 hours!!! If that doesn’t get your brain melting, then how about this? The BAT ICO $35 million in 30 seconds!!! That’s near $1.2 million per second! And if that…

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Bitcoin Price Rises by 5% to $3,740 as the Cryptocurrency Market Gradually Recovers

Bitcoin Price Rises by 5% to $3,740 as the Cryptocurrency Market Gradually Recovers Today, on September 23, the bitcoin price increased from $3,600 to $3,738, recording a daily increase of 4.88 percent. At today’s peak, the bitcoin price surpassed the $3,800 mark, showing signs of recovery from the largest price correction. On September 20, less than three days ago, the price of bitcoin and most of the cryptocurrencies in the global market declined significantly. The bitcoin price plunged from $4,020…

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Ethereum, Bitcoin Prices Slide as Market Sheds $10 Billion

Ethereum, Bitcoin Prices Slide as Market Sheds $10 Billion The crypto markets took a steep downward turn on Friday, with more than 90 of the top 100 cryptocurrencies posting single-day price declines. The bitcoin price dropped nearly $400 after challenging the $4,000 level earlier in the week, while the ethereum price slipped below $260. Chart from CoinMarketCap The total cryptocurrency market cap–the combined value of all cryptocurrencies–dropped more than $10 billion for the day. After beginning the day at about…

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Prominent Bitcoin Trader – Price is Heading Towards $100,000 in 2018

Prominent Bitcoin Trader – Price is Heading Towards $100,000 in 2018 Earlier this week, prominent bitcoin trader and investor Tone Vays provided technical analysis on bitcoin’s short-term trend, major price correction following the nationwide ban on Chinese bitcoin exchanges, bitcoin’s swift recovery, and the long-term future of bitcoin. The analysis of Vays demonstrated the potential of bitcoin price to surpass the $100,000 mark by the end of 2018, which would provide bitcoin a multi-trillion dollar market cap. For many years,…

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Wall Street Journal Argues Bitcoin Is “Probably worth Zero”, Joins Obituary List

Wall Street Journal Argues Bitcoin Is “Probably worth Zero”, Joins Obituary List One of the Wall Street Journal’s most read articles of the day implies that bitcoin’s volatility reveals that the cryptocurrency is “probably worth zero.” The author of the piece starts by stating that a borderless digital currency out of the government’s reach that allows for semi-anonymous transactions sounds good, but that he’s not really a bitcoin fan because of the small number of transactions it can handle, and…

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