•   
  •   

Money Bitcoin tumble erases US$38 billion as rival cryptocurrency gains

17:03  13 november  2017
17:03  13 november  2017 Source:   theedgemarkets.com

String a few Galaxy S5s together and you can mine bitcoin

  String a few Galaxy S5s together and you can mine bitcoin Samsung will release the software needed at a future date.Samsung also repurposed an S3 into a fishtank monitor and a Galaxy tablet into an Ubuntu laptop among other experiments. Motherboard says that Samsung plans to release the software that'll unlock the phones and the software needed to replicate these functions at home soon enough. If you're curious, you can check out Github for more information.

Bitcoin cash, a rival that split from the original bitcoin in August, has jumped nearly 40 per cent since Friday. Bitcoin cash is gaining popularity because of its larger block size, a characteristic Even after shrinking by as much as $ 38 billion since Wednesday, bitcoin boasts a market value of 1 billion .

Bitcoin cash, a rival cryptocurrency that split from the original bitcoin in August, has jumped nearly 40 percent since Friday. Even after shrinking by as much as $ 38 billion since Wednesday, bitcoin boasts a market value of 1 billion .

What to watch next
  • a man wearing a suit and tie: EU Wants Brexit Financial Settlement in Two Weeks

    EU Wants Brexit Financial Settlement in Two Weeks

    Bloomberg Logo
    Bloomberg
    1:30
  • a screen shot of a man: Key Takeaways From Xi's Speech at APEC Summit

    Key Takeaways From Xi's Speech at APEC Summit

    Bloomberg Logo
    Bloomberg
    3:32
  • a woman holding a sign: Key Takeaways From Trumps Speech at APEC Summit

    Key Takeaways From Trumps Speech at APEC Summit

    Bloomberg Logo
    Bloomberg
    1:47
  • a man wearing a suit and tie: Russia Direct CEO Kirill on Asia Economy

    Russia Direct CEO Kirill on Asia Economy

    Bloomberg Logo
    Bloomberg
    7:02
  • a man wearing a suit and tie: Stocks Fall as Leaders Meet at APEC Summit

    Stocks Fall as Leaders Meet at APEC Summit

    Bloomberg Logo
    Bloomberg
    2:52
  • a man wearing a suit and tie: What Saudi Corruption Crackdown Means for Oil Markets

    What Saudi Corruption Crackdown Means for Oil Markets

    Bloomberg Logo
    Bloomberg
    1:57
  • a screenshot of a video game: Noble Group's Bonds Tumble, Crisis Deepens

    Noble Group's Bonds Tumble, Crisis Deepens

    Bloomberg Logo
    Bloomberg
    2:34
  • a screen shot of a man in a suit and tie: Global ETF Flows Since the U.S. Election

    Global ETF Flows Since the U.S. Election

    Bloomberg Logo
    Bloomberg
    8:13
  • a traffic light and street sign in front of a building: Disney to Increase 2018 Parks Spending

    Disney to Increase 2018 Parks Spending

    Bloomberg Logo
    Bloomberg
    3:10
  • a screen shot of a video game: Stocks Head for Worst Slump Since August

    Stocks Head for Worst Slump Since August

    Bloomberg Logo
    Bloomberg
    2:19
  • a man in a suit and tie: OPEC Disappointment Spurs Oil Market Selloff, Says Morse

    OPEC Disappointment Spurs Oil Market Selloff, Says Morse

    Bloomberg Logo
    Bloomberg
    2:34
  • a man wearing a suit and tie: JPMorgan's Lakos Doubts Yield Curve Recession Signs

    JPMorgan's Lakos Doubts Yield Curve Recession Signs

    Bloomberg Logo
    Bloomberg
    1:27
  • a screen shot of a computer: Beating the Market With a Bubble-Based Portfolio

    Beating the Market With a Bubble-Based Portfolio

    Bloomberg Logo
    Bloomberg
    1:44
  • a man wearing a suit and tie: Corporate Leverage Can Be Market Concern, Says Koesterich

    Corporate Leverage Can Be Market Concern, Says Koesterich

    Bloomberg Logo
    Bloomberg
    3:10
  • a group of people standing in front of a crowd: Burberry Shares Plummet as CEO Looks Upmarket

    Burberry Shares Plummet as CEO Looks Upmarket

    Bloomberg Logo
    Bloomberg
    2:31
  • a screen shot of a computer: Doubling Your Money by Buying the Bubbles

    Doubling Your Money by Buying the Bubbles

    Bloomberg Logo
    Bloomberg
    1:41
UP NEXT
UP NEXT
Watch: Bitcoin plummets as rival currency rears head (Bloomberg)

Bitcoin's Mysterious Creator Appears to be Sitting On a $5.8 Billion Fortune

  Bitcoin's Mysterious Creator Appears to be Sitting On a $5.8 Billion Fortune It’s been a very good year for Bitcoin, with the cryptocurrency climbing more than 600% to over $6,000. It’s been a very good year for Bitcoin, with the cryptocurrency climbing more than 600% to over $6,000. As result, one of Bitcoin’s largest holders appears to now be worth nearly $6 billion.

HONG KONG (BLOOMBERG) - Bitcoin plunged as the cancellation of a technology upgrade prompted some users to switch out of the cryptocurrency , spooking speculators who had profited from a more than 800 per cent surge this year.

Bitcoin cash, a rival that split from the original bitcoin in August, has jumped 32 percent since Even after shrinking by as much as $ 38 billion since Wednesday, bitcoin boasts a market value TEDPIX Posts Fresh Gains . Urban Revitalization to Help Tehran. ATR Applies to US for New Iran License.

Bitcoin slumped as the cancellation of a technology upgrade prompted some users to switch out of the cryptocurrency, spooking speculators who had profited from a more than 500 percent surge this year.

The cryptocurrency has dropped 5.6 percent since late Friday, and at one point extended its slide from last week’s record to as much as 29 percent. Bitcoin cash, a rival that split from the original bitcoin in August, has jumped 32 percent since Friday, according to data compiled by Coinmarketcap.com.

Bitcoin cash is gaining popularity because of its larger block size, a characteristic that makes transactions cheaper and faster than the original. When a faction of the cryptocurrency community canceled plans to increase bitcoin’s block size on Wednesday — a move that would have created another offshoot — some supporters of bigger blocks rallied around bitcoin cash.

Bitcoin posts a new all-time high

  Bitcoin posts a new all-time high Bitcoin posts new record high above $US6,330 on Tuesday. Price jumps after exchange group CME announces the launch of bitcoin futures. Bitcoin has jumped to a new record high on Tuesday after futures exchange operator CME announced plans to launch bitcoin futures. CME announced plans to launch the new futures contracts in the fourth quarter "pending all relevant regulatory review periods." CEO Terry Duffy said the move was motivated by "increasing client interest in the evolving cryptocurrency markets."Bitcoin popped against the dollar on the news. The cryptocurrency is up over 3% to $US6,337.29 at 2.10 p.m. GMT (10.10 a.m.

Bitcoin cash, a rival that split from the original bitcoin in August, has jumped nearly 40 per cent since Friday. Bitcoin cash is gaining popularity because of its larger Even after shrinking by as much as US $ 38 billion (RM159.3 billion ) since Wednesday, bitcoin boasts a market value of US1 billion .

Bitcoin loses more than $ US 2000 in three days 13 November 2017 06:56. Gaining That Competitive Edge: Safinus Jumps Novices Profitability In Crypto Trading, While Enhancing That Of Experienced Traders 18 March 2018 16:51.

The resulting volatility has been extreme even by bitcoin’s wild standards and comes amid growing interest in cryptocurrencies among regulators, banks and fund managers. While skeptics have called bitcoin’s rapid advance a bubble, it has become too big for many on Wall Street to ignore. Even after shrinking by as much as US$38 billion since Wednesday, bitcoin boasts a market value of US$105 billion.

Supporters of bitcoin’s technology upgrade “are now switching support to bitcoin cash,” said Mike Kayamori, head of Tokyo-based Quoine, the world’s second most-active bitcoin exchange over the past day. “There’s a panic about what’s happening. People shouldn’t panic. Just hold on to both coins until we see how it plays out.”

http://assets.theedgemarkets.com/bitcoin_bloomberg_2.jpg © Provided by The Edge http://assets.theedgemarkets.com/bitcoin_bloomberg_2.jpg Bitcoin’s slump dragged down shares of cryptocurrency-related companies, including Hong Kong-based PC Partner Group Ltd, maker of graphics cards that can be used in the mining of digital coins. But there were few signs of wider ripple effects. Asian stocks were mixed as investors awaited continuing talks on tax legislation in the US this week.

Bitcoin soars past $7,100

  Bitcoin soars past $7,100 LONDON – Bitcoin's rapid rise continues, with the cryptocurrency shooting past $7,000 per coin on Thursday morning. Bitcoin passed $7,000 per coin for the first time ever and, at 10.40 a.m. GMT (6.40 a.m. ET), the digital currency is up over 5% against the dollar to $7,125.74: © Provided by Business Insider bitcoin Markets InsiderBitcoin has been on a tear over the last week, posting record highs on consecutive days. The digital currency had not been higher than $6,300 at the start of the week but has now gained $700 on that level in just a few days.

Bitcoin cash, a rival that split from the original bitcoin in August, has jumped about 22 percent When a faction of the cryptocurrency community canceled plans to increase bitcoin ’s block size on Even after shrinking as much as $ 38 billion since Wednesday, bitcoin boasts a market value of

Bitcoin cash, a rival that split from the original bitcoin in August, has jumped 32% since Friday Even after shrinking by as much as $ 38 billion since Wednesday, bitcoin boasts a market value of 5 billion . US Banks Unwilling to Support Launch of Bitcoin Futures. Bitcoin Surges Past ,100.

The cancellation of last week’s bitcoin upgrade has left users to choose between the two versions of the cryptocurrency. On one side is the original bitcoin, powered by so-called SegWit technology, which aims to improve its performance by moving unessential data off of its underlying blockchain. On the other side is bitcoin cash, which allows its blockchain to handle eight times as much data as the original.

Proponents of bitcoin cash believe their approach is simpler and closer to the original goal of bitcoin, which was described primarily as a payment system in its white paper. Supporters of the original bitcoin say that vision is too limited, and that by improving the blockchain with SegWit technology, bitcoin can become a new digital asset class that not only supports payments but countless other functions.

While bitcoin cash has been around for months, it saw limited support as the community awaited last week’s technology upgrade for the original bitcoin, which promised similar features. Now that the upgrade has been called off, businesses that use the cryptocurrency primarily as a payment method are expected to increase adoption of bitcoin cash.

While bitcoin cash surged over the weekend, it hasn’t been a straight line up. The cryptocurrency was trading at US$1,246 at 7:54 a.m. in London, down from a high of about US$2,478 on Sunday, Coinmarketcap.com prices show.

Bitcoin has been similarly volatile; it initially rose after news that it would avoid another split, but the gains were short-lived. It’s now trading at US$6,242 after touching a record US$7,882 on Wednesday.

Volume across bitcoin exchanges jumped to 436,021 bitcoins on Sunday, the highest since September, Bitcoinity.org data show. BitMEX, an exchange for cryptocurrency derivatives that allows shorting, saw record activity on Sunday, Chief Executive Officer Arthur Hayes said.

“Crypto trading is not for the novice investor,” said John Spallanzani, chief macro strategist at GFI Securities LLC in New York.

Index fund-type coins are about to enter Cryptocurrency market .
If you’ve seen media coverage of Bitcoin and the rise of cryptocurrencies, you’re probably thinking of getting into the action, if you haven’t already. Aggregated Coin (AGRE) and UpStart1K (UP1K) are ICOs that will launch on December 1st.

—   Share news in the SOC. Networks
This is interesting!