BitCoin Update


Here are all the theories explaining the crypto market crash

Here are all the theories explaining the crypto market crash

LONDON — Bitcoin on Wednesday dropped below $10,000, almost 50% below its December peak, as the cryptocurrency market entered the second day of a sell-off. Almost all major cryptocurrencies fell on Tuesday and the market slump has extended into Wednesday. The combined value of the more than 1,400 cryptocurrencies in circulation has fallen to about $460 billion on Wednesday from over $800 billion at the start of January, data from CoinMarketCap.com shows.
China to stamp out cryptocurrency trading completely with ban on foreign platforms

China to stamp out cryptocurrency trading completely with ban on foreign platforms

China is to block all websites related to cryptocurrency trading and initial coin offerings (ICOs) – including foreign platforms – in a bid to finally quash the market completely. “To prevent financial risks, China will step up measures to remove any onshore or offshore platforms related to virtual currency trading or ICOs,” said an article published on Sunday night by Financial News, a publication affiliated to the People’s Bank of China (PBOC).
Way Too Many People Are Using Credit Cards to Buy Bitcoin

Way Too Many People Are Using Credit Cards to Buy Bitcoin

A recent poll shows that nearly one-fifth of all Bitcoin buyers are using credit cards to fund their investments, likely paying hefty fees for the privilege. A large portion of those buyers then carry the balance instead of paying their cards off, implying that they’re highly leveraged – but confident that their investments will grow in value.
Over $60 billion wiped off value of cryptocurrencies as bitcoin drops below $8,000 again

Over $60 billion wiped off value of cryptocurrencies as bitcoin drops below $8,000 again

Bitcoin fell below $8,000 for the third time in four days on Monday amid a broader sell-off in cryptocurrencies that has seen over $60 billion of valued erased from the market in 24 hours. The price of bitcoin traded as low as $7,598.20 on Monday and sat below the $8,000 mark for most of the morning's trade, according to CoinDesk. It's the lowest price for bitcoin since November 18. CoinDesk's bitcoin price index tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex.
Bitcoin Mining Could Power Growth For World's Biggest Chip Makers

Bitcoin Mining Could Power Growth For World's Biggest Chip Makers

Taiwan Semiconductor Manufacturing Co. is one of hundreds of companies that have benefited by supplying components for Apple Inc.’s iPhone over the past 10 years. Now the world’s biggest maker of bespoke microchips may see digital currencies like Bitcoin become even more important for its growth.
One in every 10 bitcoin transactions in the world happens in India

One in every 10 bitcoin transactions in the world happens in India

In India, bitcoin is the people’s forbidden fantasy. About 10% of the world’s bitcoin transactions take place in India, Constantin Papadimitriou, president of Pundi X, told Quartz. The Indonesian company, which focuses on offline cryptocurrency sales, surveyed 3,000 respondents across India, Indonesia, Japan, Russia, the UK, and the US to understand the rise of alternative currencies among mainstream consumers.
You'll Soon Be Able to Buy Dallas Mavericks Tickets With Bitcoin

You'll Soon Be Able to Buy Dallas Mavericks Tickets With Bitcoin

The Dallas Mavericks will soon be accepting ticket payments in Bitcoin and Ethereum, says owner Mark Cuban.After a Twitter user asked the entrepreneur and Shark Tank star when fans will be able to purchase Mavericks tickets with Bitcoin, Cuban simply answered, “Next season.”
Bitcoin sinks below $10,000 and is now 50% off all-time high as cryptocurrency sell-off deepens

Bitcoin sinks below $10,000 and is now 50% off all-time high as cryptocurrency sell-off deepens

Bitcoin fell below $10,000 for the first time since November, as a sell-off in cryptocurrencies continued for a second day. The world's largest cryptocurrency dived as low as $9,199.59 Wednesday morning, falling almost 19 percent within 24 hours, according to CoinDesk data. CoinDesk tracks prices from cryptocurrency exchanges Bitstamp, Coinbase, itBit and Bitfinex. Bitcoin then recovered slightly to $10,123 at 11:56 a.m. ET.
Bitcoin, Ethereum and almost every other cryptocurrency is plunging

Bitcoin, Ethereum and almost every other cryptocurrency is plunging

Look away now if you own bitcoin or other cryptocurrencies. This won’t be breaking news to you if you are invested, but today has seen the entire crypto market fall by double-digit percentages.The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23 at the time of writing.
7 Crypto Predictions For 2018

7 Crypto Predictions For 2018

At time of writing, bitcoin attracts more attention from web searchers than everyday staples like “food,” “water,” and “coffee.” Given the rapid, seemingly uncontrolled growth in bitcoin prices as of late, we’d be remiss not to mention that bitcoin eclipsed “cancer” in worldwide search interest sometime in November 2017.


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