People are plenty happy to invest and consume if the dollar in their pocket today would be worth the same next year…instead of less.
RBA governor Philip Lowe is not a fan of bitcoin. Bitcoin, and cryptos in general, are proving to be a big headache for central and commercial bankers.
Bitcoin and cryptocurrencies have seen a surge in investors, and subsequently price in 2017. Now, as 2017 comes to a close, bitcoin has one more trick up its sleeve.
The potential of this virtual gold mine hasn’t been lost on North Korea’s Kim Jong-un. Rumours have been swirling for the better part of the year about North Korea’s cryptocurrency activity.
Cameron and Tyler Winklevoss, the twins who claimed that Mark Zuckerberg stole their idea for Facebook, are the first bitcoin billionaires.
After reaching a peak of over US$11,400 on Wednesday, bitcoin plunged to under US$9,100. Roughly a 20% loss in less than 12 hours.
Have you checked out the price of bitcoin today? The once-obscure asset with an even more obscure name is making mainstream headlines across the world.
While it certainly seems like there’s more gas in Bitcoin’s tank, this rise can’t be sustainable.
Could this latest news be bitcoin’s final undoing? A Motherboard article has exposed the outrageous electrical bill the currency has racked up.
No, the $223 billion (US$175 billion) represents the total current value of all cryptocurrencies. There are now over 1,100 cryptos in virtual circulation.