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Bitcoin: What's driving the frenzy? - Dec. 7, 2017

2017 has become the year bitcoin went big.

It started the year worth less than $1,000 but has soared above $17,000 . Back in 2011, it was worth less than a dollar. It is being bought and sold by investors in a frenzy, driving the price higher and higher.

Some leading economists and financiers are calling bitcoin a bubble and a fraud, but industry insiders say they think it's only going to get...

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China fuels Bitcoin surge to record high - Nov. 12, 2013

China fuels Bitcoin surge to record high

Bitcoin prices have soared in the past month, defying skeptics who thought the bubble burst in April.

Bitcoin has been surging to new highs as investors, especially those in China, become increasingly optimistic about the digital currency's potential growth.

The price of one bitcoin hit a record of...

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South Korea is trying to cool its red-hot bitcoin market ...

South Korea is clamping down on its bitcoin boom.

The country's government said Thursday it was putting in place measures to cool speculation in the red-hot cryptocurrency, which has surged by more than 1,300% in 2017.

The measures include a ban on opening anonymous virtual currency accounts and new laws giving authorities the power to shut down digital currency exchanges.

Related: What is...

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Related topics : virtual currency exchange bitcoin / bitcoin digital currency exchange / digital virtual currency and bitcoins / virtual currency like bitcoin / bitcoin currency exchange

Record $1 billion invested in Bitcoin firms so far - Nov ...

Record $1 billion invested in Bitcoin firms so far

I lived on bitcoin for 24 hours

The technology behind Bitcoin -- that electronic money almost nobody understands -- is finally on the verge of going mainstream.

American Express ( AXP ), Bain Capital, Deloitte, Goldman Sachs ( GS ), MasterCard ( MA ), the New York Life Insurance...

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Related topics : bitcoin technology blockchain / bitcoin price 1 year ago / bitcoin 1 million dollars / 1 bitcoin price in 2015 / 1 bitcoin to dollar in 2015

Hackers steal bitcoins worth millions in attack on ...

Hackers have stolen bitcoins worth about $65 million after attacking a major digital currency exchange.

The exchange, Bitfinex, responded by halting trading, deposits and withdrawals, prompting a plunge in the Bitcoin price.

"We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen," the company said in a blog post on Wednesday.

The hackers made off with 119,756 bitcoins, said Zane Tackett, Bitfinex's director of community and product development, in an email to CNNMoney....

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Related topics : bitcoin digital currency exchange / bitcoin money exchange / bitcoin price exchange / bitcoin currency exchange / bitcoin company worth

Russia eyes cryptocurrency dominance - Nov. 7, 2017

A circular arrangement of Bitcoin "mining" computers at the Russian Mining Center in Moscow.

Cryptocurrencies are virtual "coins" that are "mined" by computers completing complex algorithms. The most famous and widely used cryptocurrency is bitcoin. It exists on a shared data network called a "blockchain" and has no central bank or central authority, meaning transactions can be done between...

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Related topics : bitcoin mining computer build / bitcoin mining computer power / bitcoin mining computer buy / bitcoin mining computer / all about bitcoin mining

Davos: Bitcoin is not a currency - Jan. 26, 2018

Davos is clear on bitcoin: It's an interesting investment, but please don't call it a currency.

Bitcoin's volatile ascent has transformed it from a tech industry curiosity to a major topic of discussion at this year's World Economic Forum.

Yet the consensus in Davos, Switzerland, is that bitcoin will never be as useful as the dollar or yen in the real world.

"The central banks have been nurturing...

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Related topics : bitcoin digital currency price / using bitcoin for currency exchange / bitcoin digital currency exchange / bitcoin digital currency / bitcoin currency of the future