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Coinbase halts trading after volatile bitcoin price ...

Bitcoin's price dropped from a high of $15,800 last night to a low of $10,800 this morning.

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Dado Ruvic / Reuters

At 11:11 AM ET, the cryptocurrency marketplace Coinbase temporarily disabled buying and selling for all currencies on its site. This came after wild surges in bitcoin's price in the last 24 hours: It plunged from a high of $15,800 late last night down to a low of $10,800 hours ago.

Bitcoin's price has climbed back up to around $12,800 as of the time of publishing, and Coinbase noted...

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Why Amazon is right to steer clear of Bitcoin - Engadget

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Amazon has quashed the idea that it would be accepting Bitcoin as a method of payment. "We have considered it," said Tom Taylor, Amazon's head of seller services in an interview with Re/code , "but we're not hearing from customers that it's right for them, and don't have any plans within Amazon to engage Bitcoin." That stance might sound strange, given the company's history of staying...

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Coinbase halts Bitcoin Cash transactions over insider ...

The start of Bitcoin Cash trading on the Coinbase exchange was supposed to be a great opportunity to get into a major new cryptocurrency while its values weren't yet through the roof , but that's... not how it panned out. Coinbase froze transactions just a few hours after they began in order to investigate numerous accusations of insider trading. Observers noticed that the price of Bitcoin Cash rose sharply before news of its availability on the exchange broke, and that there was a sharp selloff virtually the moment trading started. From a cursory glance, it looked like someone knew...

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Bitcoin feud splits the currency in two - Engadget

This morning, bitcoin split into two currencies -- the original and Bitcoin Cash. The hard forking, as it's known, resulted from heated debate over the cryptocurrency's future, since the aging tech behind blockchain has prevented easy scaling. While a new code upgrade called SegWit2x was introduced last week as a compromise, dissenters still decided to start backing Bitcoin Cash and fork off in...

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UK plans crackdown on criminals using Bitcoin to launder money

The UK government wants to increase regulation around Bitcoin by expanding financial regulations imposed by the European Union. It follows growing concerns that the cryptocurrency is being used to facilitate crime, including drug dealers, brothels and gangs. Stephen Barclay, economic secretary for HM Treasury, revealed in a notice that British legislators were negotiating amendments to the...

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People are mortgaging their houses to buy Bitcoin

Still, it seems some people aren't paying heed. A bunch of wannabe investors are even going so far as to take mortgages out to buy bitcoin, while others are running up credit cards and turning to equity lines. That's according to securities regulator, Joseph Borg .

As the president of the North American Securities Administrators Association, he knows a thing or two about...

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AMD and NVIDIA go after Bitcoin miners with new video cards

Dedicated digital currency miners know the importance of good graphics cards -- modern GPUs have enough general-purpose computing power to process money formats like Bitcoin much faster than a CPU alone. They've never really been suited for non-stop number crunching, though, and it looks like both AMD and NVIDIA hope to change that. CNBC has discovered that ASUS is making currency mining-oriented video cards using both vendors' chipsets. The AMD-based Mining RX 470 and NVIDIA-based Mining P106 are ultimately using off-the-shelf GPUs (the RX 470 and...

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Craigslist sellers can now specify if they accept bitcoin

Of course, accepting cryptocurrency comes with its own set of problems. Bitcoin, for instance, recently broke through the $16,000 barrier, but its value has been fluctuating for months. You could end up earning almost nothing from a...

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Related topics : accept bitcoin / bitcoin transactions fee