All posts in " Bitcoin "
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Bitcoin can cause massive internet shutdown – report

Only supercomputers will be able to process cryptocurrencies in nearest future, and transactions can lead to an internet collapse, according to a recent report by Swiss-based Bank for International Settlements (BIS). “To process the number of digital retail transactions currently handled by selected national retail payment systems, even under optimistic assumptions, the size of the […]

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Apple founder Steve Wozniak hopes bitcoin will become a single global currency

Tech legend Steve Wozniak says he is attracted to the “purity” of the idea that people around the world could one day share a single currency, despite being separated by national borders. He echoed Twitter CEO Jack Dorsey, who recently said that he believes bitcoin will become the single currency worldwide. “I buy into what […]

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UK bitcoin traders focus of US probe into manipulation of cryptocurrency prices

US justice officials are investigating UK bitcoin traders as part of their inquiry into the manipulation of cryptocurrency prices. Officials are examining the trading of cryptocurrencies such as bitcoin in the US, UK and other countries, with one source reportedly telling the Times, “the investigation can’t have borders because the internet doesn’t have borders. They’re […]

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Bitcoin miners are using as much energy as Ireland – study

The process of mining new bitcoin is now so intensive that computers carrying out the process are using nearly as much electricity as the entire country of Ireland. A new study by economist Alex de Vries estimates that bitcoin mining consumes at least 2.55 gigawatts of electricity and, by the end of the year, that […]

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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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