Cryptocurrency has been gaining in popularity in recent years both as a means of exchange and as a financial investment. A cryptocurrency is a digital currency that is entirely independent of any central bank. The currency employs encryption techniques to generate and regulate the units of currency and to verify…
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Bitcoin
Release the Kraken! Crypto-exchange 'Kraken' comes back online with no fees.
The Kraken cryptocurrency exchange has come back online today, Jan. 13 at 11:30 UTC, after a more than 48-hour delay. The exchange was scheduled to go offline on Jan. 11 at 5 UTC for a predicted two hours for a system upgrade. As the maintenance time offline grew to…
Are the Winklevoss twins the first bitcoin billionaires? Debate ensues.
With the ups and downs of Bitcoin - and debate about its true value at even its highest highs, establishing the Winklevoss twins' net worth is a complex conundrum. From one second to the next, valuations of their digital assets can swing their combined overall net worth by millions of…
Bitcoin Looks Like It's Shaking Off Its Holiday Hangover
Bitcoin rallied past $15,000 on Tuesday as traders of the world’s biggest digital currency sought to draw a line under its roller coaster five-day slump. The tokens rose 10% to $15,116.50 as of 11:26 a.m. in London, the biggest gain on a closing basis…
Summary Explanation: What is Bitcoin Mining
Bitcoin miners use specific software to solve math problems. They are issued bitcoins in exchange. Sounds good, but there is no central place or government for bitcoin regulation. With paper money, the government decides when to print and distribute money. Bitcoin miners keep the Bitcoin system protected by supporting dealings.…
Same Analyst Who Predicted Bitcoin's 2017 Growth Now Says It Will Hit $400,000
Ronnie Moas, a prominent analyst who prdicted the price spike for Bitcoin in June, now claims that signals suggest the end price of the world's largest cryptocurrency could land between $300,000 and $400,000. During the summer months, when Bitcoin was only trading around $2,500, Moas suggested that…