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Bitcoin offshoot accused of price pumping as crypto market heats up

The cryptocurrency market is hot again after more than three months of losses. The rally leader is bitcoin cash, which has more than doubled in price in April. The reason for the rise of bitcoin cash is reportedly that one of the largest mining groups, Antpool, has been “burning” the bitcoin cash coins it created […]

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Stop using student loans to buy bitcoin, wealth manager warns millennials

American financial author and wealth manager David Bach has urged millennials to stop investing money borrowed for education expenses into cryptocurrencies, warning 90 percent of the currencies will be worth nothing in five years. “A lot of millennials are using student loans, believe it or not, to buy cryptocurrency,” Bach told the Street in an […]

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Gold and bitcoin equally useless – Mark Cuban

Tech billionaire Mark Cuban says he despises both gold and bitcoin. They are not viable alternatives to currency, according to the owner of the Dallas Mavericks, who lobbies for a debt-first approach. “I hate gold. Gold is a religion,” the billionaire said in an interview with Kitco News. “As an investment, hate is not strong […]

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Going down: Bitcoin & crypto market dropping into danger territory

Bitcoin fell below $ 7,500 on Thursday, moving closer to the lows the world’s number one virtual currency reached in February. The value of all cryptocurrencies has now dipped to $ 280 billion – having lost an astonishing $ 550 billion in value from record highs late last year. This is fueling fears among some […]

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Golden digits: Nelson Mandela’s ‘hands’ bought for $10mn in bitcoin

Solid gold castings of Nelson Mandela’s hands have sold for $ 10 million in bitcoin to a Canadian cryptocurrency exchange. The four golden hands are believed to be the only ones left in the world. This is the first time artifacts of Mandela have been sold in bitcoin. A $ 10-million deal was struck with […]

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Bitcoin & other cryptocurrencies crash as Twitter joins advertising ban

Twitter started banning cryptocurrency advertising on Tuesday after rivals Google and Facebook announced the same clampdown earlier. The social network told Reuters that the ban will cover advertising for Initial Coin Offerings (ICOs) and token sales. For Japan, the restrictions will be limited to crypto exchanges regulated by its national financial regulator, Twitter said. Read […]

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Bitcoin LEGO mystery: LA artist hides ‘$10,000’ in crypto homage (PHOTOS)

A day rarely goes by without Bitcoin in the news. The stories usually center around its fluctuating value but one artist has made headlines by turning the phenomenon into a literal work of art. Andy Bauch created his ‘New Money’ series brick by brick, using some 100,000 LEGO pieces. Hidden within the collection of more […]

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From cocaine to crypto: Drug lord Pablo Escobar's brother launches bitcoin spinoff

The brother of notorious drug kingpin Pablo Escobar, Roberto, is launching his own digital token. He was once an accountant for the Medellin cocaine cartel. Read more The cryptocurrency, named diet bitcoin, is one of the numerous bitcoin spin-offs, and, like other spin-offs, claims to be better than the original. “The value will be very […]

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‘Crypto-jacking’: Bitcoin rise prompts hackers to ditch ransomware for mining fraud

As bitcoin soared to the $ 20,000 mark last year, cyber-criminals increasingly turned their attention to cryptocurrency users. ‘Cryto-jacking’ cases catapulted in 2017 as cryptocurrency prices rose, according to new research. The sky-rocketing value of some cryptocurrencies in 2017 apparently prompted hackers to move away from tried and tested ransomware as a source of extortion […]

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