Business/Financial

Bitcoin to Join Stocks and Bonds as Part of the Classic Balanced Portfolio

Bitcoin to Join Stocks and Bonds as Part of the Classic Balanced Portfolio

Ark Invest’s Cathie Wood spoke on CNBC’s “Closing Bell” Monday afternoon. She said she believes cryptocurrencies could stabilize and eventually behave like bonds.

Submitted by Aaron Goldstein on, Mar/08/2021

Swedish Man Involved in Digital Currency Fraud Faces 40 Years Prison Time

Swedish Man Involved in Digital Currency Fraud Faces 40 Years Prison Time

Roger Nils-Jones Karlsson is the founder of Eastern Metal Securities and accused of defrauding over 3,500 investors through digital currencies.

Submitted by Aaron Goldstein on, Mar/08/2021

Bitcoin SV is Revving up for Potentially Unlimited Scale

Bitcoin SV is Revving up for Potentially Unlimited Scale

With the latest release of its software. Switzerland-based industry organization the Bitcoin Association has announced the release of the Bitcoin SV Node software v1.0.7 in an effort to boost up for potentially unlimited scale.

Submitted by Aaron Goldstein on, Mar/04/2021

Why Bitcoin Could Triple Over Next Year

William Quigley, managing director of Magnetic, a crypto focused investment fund, explains why he believes that bitcoin's value can still rise dramatically into 2022.

Submitted by Aaron Goldstein on, Mar/03/2021

Why The Supply of Bitcoin is Limited

Why The Supply of Bitcoin is Limited

In an editorial piece appearing on the Coingeek.com website, Dr. Michael Wehrmann discusses the limitations of Bitcoin.

Submitted by Aaron Goldstein on, Mar/01/2021

Cathie Wood Backing Sends Bitcoin Back Above $50K

Cathie Wood Backing Sends Bitcoin Back Above $50K

Ark Investment boss Cathie Wood told Bloomberg Tuesday evening she remains "very positive on bitcoin," and is "very happy to see a healthy correction here."  This may have helped push the cryptocurrency price above the $51,000 mark overnight.  But there are other factors perhaps.

Submitted by Aaron Goldstein on, Feb/24/2021

Craig Wright Begins Landmark Legal Action Against Bitcoin Developers, Others

Craig Wright Begins Landmark Legal Action Against Bitcoin Developers, Others

Dr. Craig Wright, an Australian computer scientist who claims to be the inventor of bitcoin, is now suing the developers of BTC, BCH, BCH ABC and BSV over 111,000 stolen Bitcoin, according to an announcement by ONTIER.

Submitted by Jagajeet Chiba on, Feb/24/2021

Bitcoin and Ethereum Prices 'Seem High,' Says Musk

Bitcoin and Ethereum Prices 'Seem High,' Says Musk

Billionaire CEO Elon Musk said on Saturday the price of bitcoin and ethereum seemed high, at a time when the cryptocurrencies have hit record highs, with bitcoin crossing the $1 trillion market-capitalization threshold.

Submitted by Reuters on, Feb/21/2021

Bitcoin Flirting WIth $56K: Hits $1 Trillion Market Cap

Bitcoin Flirting WIth $54K: Hits $1 Trillion Market Cap

The price of Bitcoin continued to rise Friday morning, peaking around the $57000 mark Saturday before dipping slightly. The cryptocurrency is currently used for more than 80% of transactions with online gambling sites operating in restrictive markets.

Submitted by Aaron Goldstein on, Feb/19/2021

Defendant in Craig Wright Case: "Crazy Amount of Evidence He's Satoshi"

The latest hearing of the Wright v McCormack case took place this week, with the surprise return of Peter McCormack’s legal team for the pre-trial hearing.

Submitted by Jagajeet Chiba on, Feb/18/2021

Monopoly Money: Framing Bitcoin as the Last-Mover in Blockchain

Monopoly Money: Framing Bitcoin as the Last-Mover in Blockchain

Bitcoin perhaps exemplifies the power of both monopoly and competition, nChains' Jack Davies writes.

Submitted by Aaron Goldstein on, Feb/18/2021

Robinhood to Allow Customers Ability to Deposit and Withdraw Cryptos

Robinhood to Allow Customers Ability to Deposit and Withdraw Cryptos

Online broker Robinhood said on Wednesday it intends to give customers the ability to deposit and withdraw cryptocurrencies, including the meme-based dogecoin.  This may have been what caused the price of bitcoin to hit another all-time high of $52668 by Wednesday evening.

Submitted by Gilbert Horowitz on, Feb/17/2021

Bitcoin Jumps to New High of $51,700

Bitcoin Jumps to New High of $51,700

Bitcoin (BTC) hit another record high mark Wednesday morning.  The price hit a new high above $51,700 after braking the $50,000 mark on Tuesday.

Submitted by Aaron Goldstein on, Feb/17/2021

CNBC Talks Bitcoin's Blistering Rally

CNBC Talks Bitcoin's Blistering Rally

 

Large firms like Tesla, Mastercard and BNY Mellon have shown support for cryptocurrencies.

Submitted by Aaron Goldstein on, Feb/16/2021

Bitcoin Tops $50,000

Bitcoin Tops $50,000

LONDON, (Reuters) - Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance amongst mainstream investors.

Submitted by Reuters on, Feb/16/2021

Craig Wright: ‘I Invented Bitcoin — Now It’s a Ponzi Scheme’

The man who claims to have invented Bitcoin now says it's a ponzi scheme after the digital currency crept towards the $50,000 mark this week.

Submitted by Aaron Goldstein on, Feb/13/2021

Bitcoin Goes Mainstream With Jay Z and Dorsey

Bitcoin Goes Mainstream With Jay Z and Dorsey

Hip Hop artist Jay Z and Twitter CEO Jack Dorsey have joined forces to develop a bitcoin development fund.  It is a sign that the anonymous digital currency is going mainstream. 

Submitted by Aaron Goldstein on, Feb/12/2021

Bitcoin Soars to All-Time High After BNY Mellon Announces Crypto Venture

Bitcoin Soars to All-Time High After BNY Mellon Announces Crypto Venture

Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a new unit to help clients hold, transfer, and issue digital assets.

Submitted by Reuters on, Feb/11/2021

Elon Musk Wants Clean Power. But Tesla's Carrying Bitcoin's Dirty Baggage

Elon Musk Wants Clean Power. But Tesla's Carrying Bitcoin's Dirty Baggage

Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker’s backing of bitcoin this week could turbo-charge global use of a currency that’s estimated to cause more pollution than a small country every year.

Submitted by Reuters on, Feb/10/2021

Tesla Buys $1.5B in Bitcoin, Will Accept as Payment Soon

Tesla Buys $1.5B in Bitcoin, Will Accept as Payment Soon

Holders of Bitcoin may be able to cash in some of their investment in the digital currency for a brand new electric car.

Submitted by Reuters on, Feb/09/2021

Reddit Frenzy Pumps Up "Joke" Crypto Dogecoin

Reddit Frenzy Pumps Up "Joke" Crypto Dogecoin

One of the beneficiaries of the past week's Reddit short squeeze frenzy is none other than a crypto coin that started as a joke, Dogecoin.

Submitted by Aaron Goldstein on, Jan/30/2021

Cryptocurrency Trader Charged With Fraudulent Scheme Involving Over $5 Million

AUDREY STRAUSS, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of a Complaint in Manhattan federal court charging JEREMY SPENCE, a/k/a “Coin Signals,” a cryptocurrency trader who solicited funds for various cryptocurrency funds that he operated, with commodities fraud and wire fraud offenses.

Submitted by Press Release on, Jan/27/2021

Bitcoin Slumps 10% as Pullback From Record High Gathers Pace

Bitcoin Slumps 10% as Pullback From Record High Gathers Pace

Bitcoin slumped 10% on Thursday to a 10-day low, retreating further from record highs, with traders citing fears of tighter U.S. regulation.

Submitted by Reuters on, Jan/21/2021

Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally

Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally

Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low

Submitted by Reuters on, Jan/11/2021

Bitcoin Hits $40,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion

Bitcoin Hits $38,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion

Bitcoin smashed through $38,000 to hit a new record high on Thursday as the cryptocurrency’s massive rally continues, then the $39,000 mark just prior to 11 am ET, and by afternoon the price peaked at $40376.

Submitted by Aaron Goldstein on, Jan/07/2021

PayPal Backs Crypto Tax Startup Taxbit

PayPal Backs Crypto Tax Startup Taxbit

PayPal Holdings Inc’s venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.

Submitted by Reuters on, Jan/07/2021

Bitcoin Crosses $30K Mark First Time Ever

Bitcoin Crosses $30K Mark First Time Ever

Digital currency Bitcoin extended its record smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method.

Submitted by Reuters on, Jan/02/2021

Bitcoin Climbs Over $29K

Bitcoin Climbs Over $29K

Bitcoin, the digital currency preferred by online gambling sites in restrictive markets, has shot to 29,230.10 Wednesday evening.

Submitted by Aaron Goldstein on, Dec/30/2020

Bet the Price of Bitcoin

With Bitcoin surging again BetOnline is now offering odds on where the price of the digital currency will finish in 2020. If you believe in their numbers, go buy a couple of coins right now.

Submitted by Aaron Goldstein on, Dec/22/2020

Another Peak for Bitcoin: Price Climbs Past 24K

The price of Bitcoin moved above the $24,000 mark for the first time. On Saturday morning, the price hit a record high of 24,288. 

Submitted by C Costigan on, Dec/19/2020

Breaking News

Harry, Meghan Interview Scores Massive U.S. Ratings

Harry, Meghan Interview Scores Massive U.S. Ratings

How many people watched the Prince Harry, Meghan Markle bombshell tell-all interview conducted by Oprah Winfrey Sunday night.

Bitcoin to Join Stocks and Bonds as Part of the Classic Balanced Portfolio

Bitcoin to Join Stocks and Bonds as Part of the Classic Balanced Portfolio

Ark Invest’s Cathie Wood spoke on CNBC’s “Closing Bell” Monday afternoon. She said she believes cryptocurrencies could stabilize and eventually behave like bonds.

Urlacher Pardoned But Another Defendant in Sports Betting Case Pleads Guilty

Urlacher Pardoned But Another Defendant in Sports Betting Case Pleads Guilty

A guilty plea was entered Monday by another defendant in the sports gambling case that involved a northern Illinois mayor who was pardoned by former President Donald Trump.