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Bitcoin Takes Dramatic Price Hit In Aftermath Of Coinrail Exchange Hack
Hackers make off with over $40,000,000 and Bitcoin has once again made the news for all the wrong reasons. The news is also ironic, as it was other currencies and tokens that were stolen, and no bitcoin itself that was taken. The price of world’s most famous virtual coin fell... Read more
Are Bitcoins Killing The Planet?
The energy required to mine a single Bitcoin has more than doubled in the last six months. Cryptocurrency has faced a number of setbacks for some investors since it first became a hot-ticket investment opportunity, including international legislation against mining and trading, accusations of hacking in order to hijack others’... Read more
Iceland’s ‘Big Bitcoin Heist’ Mastermind Escapes ‘On PM’s plane’
Audacious escape by cybercurrency criminal like a movie plot. The alleged criminal mastermind behind the theft of 600 bitcoin mining computers in Iceland escaped from custody, and wrangled his was to Sweden on the same jet that was carrying the Icelandic prime minister. Sindri Thor Stefansson was one of 22 suspects initially... Read more
Iceland Police Search For 600 Stolen Bitcoin Mining PCs
Why steal Bitcoin from an exchange when when you can just go to the source and steal the machines that make it instead. In recent years and months there’s been a real upsurge in the number of cyber criminals hacking and stealing from crypto-currency exchanges; but not everyone can put... Read more
India Hasn’t Banned Bitcoin…Yet
Yet it does look like the beginnig of the end for the cryptocurrency there. Articles have begun circulating with incendiary headlines concerning Bitcoin and other forms of cryptocurrency, more specifically that the government of India has banned the use and trading of this monetary form within the country. Unfortunately, those... Read more
Bitcoin ‘Biggest Bubble In Human History’ Says Economist Who Predicted 2008 Financial Crash
Nouriel Roubini, the man who successfully predicted the 2008 global financial crisis has called Bitcoin and Cryptocurrency, the ‘mother of all [speculative] bubbles’ as its price sunk below $8,000 last Friday. At the time of writing, the value of Bitcoin sat at $ 7,700, just over 60% down on its $20,000... Read more
Stripe Payment Platform Drops Bitcoin
Cryptocurrency receives another blow as online payment platform announces end of support.  There’s possibly nothing as uncertain as cryptocurrency right now, despite the continuous high stakes gambling involved in investing. All forms, from Bitcoin to Monero and beyond, are experiencing unprecedented attention, but that may soon be crashing to a... Read more
Bitcoin Runs Out Of Steam On Steam
PC game and software platform Steam, stops accepting payments in bitcoins blaming price fluctuations and rapid volatility of transactions fees. Steam, the world’s single largest digital distribution platform for PC games and software, has announced that it is no longer accepting Bitcoin as a payment method. In a blog post,... Read more
Bitcoin Breaks $8,000 And Another New Record
Cryptocurrency keeps going from strength-to-strength. Bitcoin hit another new record over the weekend, and then again on November 20, after rising above the vaunted $8,000 mark. The new price of a single bitcoin has gone through an amazing 50% climb in under 10 days! The question it seems isn’t whether Bitcoin will break the much vaunted $10,000 mark any more, or... Read more
Bitcoin Breaks More Records And Hits New All-Time High 
Cryptocurrency smashes $6,060 mark for the first time. At the time of writing, the price of Bitcoin managed to hit a new all-time high for the third time in almost as many days, surpassing the coveted $6,000 mark and peaking at a global average of $6,609.  The snapshot record average... Read more
Hackers Decode Blurred QR Code And Claim $1,000 Worth of Bitcoin
French pair compute more than two million combinations to crack code.  Two French hackers have used their skills with computers and logic to reconstruct a blurred QR code on TV and claim bitcoins worth $1,000. When French channel, France 2 broadcast an interview with entrepreneur Roger Ver earlier this month,... Read more
China To Shut Down Domestic Bitcoin Exchanges?
News has emerged that regulators in China have definitive plans to force closure of all its domestic Bitcoin exchanges. According to the Wall Street Journal, anonymous sources have said that the decision has been made and it’s now only a question of when and not if, Chinese Bitcoin exchanges will... Read more
Bitcoin Goes Beyond $5,000 For First Time Breaking Records
Bitcoin yet again has managed to silence many of its naysayers and critics by reaching (briefly) the $5,000-mark last Saturday. The currency peaked at $5,103.91 according to Coindesk, before a sudden sharp sell-off of the digital cryptocurrency sent it scurrying back down toward around the mid-4,000s. Of course, $5,000 is... Read more
Another Week, Another Record Bitcoin High
Value of digital cryptocurrency Bitcoin hits record high after month of turmoil. According to the Coindesk Bitcoin Price Index, the price of bitcoin reached a new high average of $3,525 across global exchanges in the first few days of this week. The surge followed the creation of a spin-off cryptocurrency, Bitcoin... Read more
Hackers Steal Bitcoin From Bithumb Exchange Traders
User data stolen from major cryptocurrency exchange. Hackers have managed to steal user data and money from Bithumb, one of the world’s biggest Bitcoin and Ethereum cryptocurrency exchanges, the company has announced. According to Bithumb, the company’s internal network and core servers were themselves not attacked. Instead it appears that the hackers... Read more
Bitcoin Mining Scheme Results In $12M Fine
Homero Joshua Garza is being sued by the Securities and Exchange Commission, following fraud allegation.  GAW Miners and ZenMiner’s founder Homero Joshua Garza is being sued by the SEC, following a civil complaint alleging that the Bitcoin mining companies run by Garza and his brother, Carlos Garza, committed $19 million worth of... Read more
Bitcoin Price Surges To $1800 Record High
Value of digital cryptocurrency continues to rise.  The digital cryptocurrency, Bitcoin, has broken records again, eclipsing the $1700 record it had already broken just days earlier to settle at a new all time high price of over $1800. The new record price means that Bitcoin has increased its value by... Read more
Hack Costs South Korean Yapizon Bitcoin Exchange $5 Million
Little-known bitcoin exchange suffered huge losses and ‘Fei’ token compensation offer outraged customers. Yapizon, a cryptocurrency exchange based in South Korea was forced to admit last week, that an unknown hacker or group of hackers had been able to compromise its systems and steal over 3,800 bitcoin, currently valued at... Read more