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Bitcoin hackers have stolen ‘£285million’ from cryptocurrency investors causing ‘CHAOS’

Bitcoin hackers have stolen ‘£285million’ from cryptocurrency investors causing ‘CHAOS' BITCOIN hackers have stolen an estimated £285million ($400million) from cryptocurrency investors that have caused “information chaos” as they utilise a fundraising mechanism for devious means, a recent report revealed. New data has shown that hackers have stolen approximately 10 per cent of funds raised through initial coin offerings (ICOs) the are used to finance new projects, according to a report from Ernst and Young. It read: “Hackers are attracted by…

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The Bull And The Bear Case For Bitcoin, Ethereum, Ripple, Litecoin, And Other Cryptocurrencies

The Bull And The Bear Case For Bitcoin, Ethereum, Ripple, Litecoin, And Other Cryptocurrencies There have been better days and worse days for Bitcoin, Ethereum, Ripple, Litecoin, and other cryptocurrencies. The better days were back in November and December when a “virtuous” rotation helped spread the rally from Bitcoin to other cryptocurrencies. This means that funds cashed out from one currency were invested in other currencies. That’s a bullish "technical" sign for cryptocurrencies, as it keeps the momentum for the…

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Price Analysis, Jan. 19 – Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano

Price Analysis, Jan. 19 – Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano After a sharp fall, the aggressive bulls jump in and buy at lower levels. This strategy has resulted in huge gains for the cryptocurrency traders in 2017. However, unlike previous occasions, we have not seen a sharp rise this time. This shows that the traders are not confident of a huge rally from the current prices. In the next few days, we expect a range bound…

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Cryptocurrency prices edge higher with ripple bouncing back 65% after ‘severe’ sell-off

Cryptocurrency prices edge higher with ripple bouncing back 65% after ‘severe’ sell-off Bitcoin and ethereum — the first and second largest virtual currencies by market value — appeared to recover after Wednesday's lows. Experts told CNBC earlier this week that investors had been "spooked" by news of regulatory crackdowns from both South Korea and China. Regulators have expressed concerns over digital assets due to their extremely volatile nature and worries that they could be used for illicit activity. Major digital…

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Bitcoin jolted by regulation worries, falls 7 percent on extended selloff

Bitcoin jolted by regulation worries, falls 7 percent on extended selloff TOKYO/SINGAPORE (Reuters) – Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. The price of the world’s biggest and best-known cryptocurrency fell to as low as $10,567 on the Luxembourg-based Bitstamp exchange, not far…

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Bitcoin is no long the only game in crypto-currency town

Bitcoin is no long the only game in crypto-currency town IT STARTED as a joke. Dogecoin was launched in 2013 as a bitcoin parody, using as its mascot a Japanese shiba inu dog, a popular internet meme. The crypto-currency was never really used, except for tipping online, and one of its founders has called it quits. But recently its price has soared: on January 7th the dollar value of all Dogecoins in circulation reached $2bn, a sign of how crazy…

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Bitcoin falls as one of the world’s biggest cryptocurrency markets readies a bill to ban trading

Bitcoin falls as one of the world's biggest cryptocurrency markets readies a bill to ban trading South Korea's justice minister said that the country is preparing a bill that will ban all cryptocurrency trading Park Sang-ki told reporters that there are "great concerns" regarding virtual currencies Bitcoin tumbled more than 12 percent following Park's remarks South Korea's justice minister said on Thursday that a bill is being prepared to ban all cryptocurrency trading in the country. That news is a…

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Bitcoin Price Technical Analysis for 10th January – Small Reversal Signal

Bitcoin Price Technical Analysis for 01/10/2018 – Small Reversal Signal Bitcoin Price Key Highlights Bitcoin price appears ready for another selloff as price has formed a head and shoulders pattern on the 1-hour chart. Price has yet to break below the neckline around the $14,000 major psychological support. The chart pattern is approximately $3,000 tall so the resulting drop could be of the same height. Bitcoin price is forming yet another selloff signal on a short-term time frame, but technical…

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Bitcoin drops below $15,000 as regulation, demand concerns linger

Bitcoin drops below $15,000 as regulation, demand concerns linger Bitcoin slumped, dragging down smaller rivals such as ether and litecoin, as concerns that regulators will tighten their grip on the market weigh on the world's largest cryptocurrency. Regulators in China and South Korea are increasing oversight on cryptocurrency trading and mining, while the US Securities and Exchange Commission late last year started cracking down on some digital token sales, known as ICOs. Coinmarketcap.com's decision to exclude Korean pricing data for…

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Why African millennials can’t get enough of Bitcoin

Why African millennials can't get enough of Bitcoin Bitcoin's eye-watering price surge over the past year is proving too tempting to resist despite fears that cryptocurrencies are a bubble floating towards an inevtitable burst. One group for whom it holds particular appeal is African millenials, writes the BBC's Catherine Byaruhanga. Thirty year-old Peace Akware in Kampala is a convert to the crytocurrency craze. Like any self-respecting middle class millennial here her smartphone is always within reach and with it her…

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