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Venezuelans Turn To Bitcoins To Bypass Socialist Currency Controls

Tech-savvy Venezuelans looking to bypass dysfunctional economic controls are turning to the bitcoin virtual currency to obtain dollars, make Internet purchases -- and launch a little subversion. Two New York-based Venezuelan brothers hope this week to start trading on the first bitcoin exchange in the socialist-run country, which already has at least several hundred bitcoin enthusiasts. While President Nicolas Maduro makes frequent tirades against black market traders, whom he sees as part of...

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Related topics : digital virtual currency and bitcoins / bitcoin trading currency market / bitcoin digital currency exchange

Following Surge, Bitcoin Falls Back Under $4,000

After a historic surge over the past 3-months, Bitcoin is tapering off, with the digital currency back below $4,000 in early trading on Monday. Last week Bitcoin surged against the dollar, breaking through the $4,000 mark for the first time, before peaking at $4,479. But as of Monday, Bitcoin was down 1.7% against the dollar to just over the $3,987 mark. Bitcoin Cash, the new digital currency split off from Bitcoin at the beginning of August, has dipped after posting big gains, down 5.3% to...

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Related topics : bitcoin digital currency price / dollar value of 1 bitcoin / 1 bitcoin to dollar 2017 / 1 bitcoin cash price / bitcoin new currency

Bitcoin Keeps Slipping

Bitcoin price drops more than $1,000 to fall below $17,000 per coin. The drop comes after one of the largest crypto trading platforms, Coinbase, launched and then suspended trading in bitcoin cash — a spin-off of bitcoin. Total cryptocurrency market capitalisation passes $600 billion. LONDON — The price of bitcoin has dropped below the $17,000 mark during trading early in the European morning on Wednesday following a series of troubling developments for the cryptocurrency in recent days....

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Related topics : bitcoin market price / 1 bitcoin cash price / bitcoin trading price / trade bitcoins for cash / bitcoin trade market

This Bitcoin Conference Can No Longer Accept Bitcoin Payments

There has been much hype surrounding cryptocurrency bitcoin, but it’s not actually working well as a currency. the network has buckled under the strain as interest in the digital currency has exploded over the last 12 months. It has become so bad, even a major bitcoin conference has stopped accepting bitcoin payments for tickets. The North American Bitcoin Conference will be held in Miami in January and last minute tickets are going for $1,000 apiece. A statement on the website reads, "Due to...

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Related topics : accept bitcoin payments on website / bitcoin digital currency conference / bitcoin payment

This Is How Much The Winklevoss Twins Are Worth In Bitcoin Alone

The Winklevoss twins have amassed a Bitcoin fortune worth about $1.3 billion as of Tuesday. Bitcoin's price has exploded over the last two years, leading some experts to call it a bubble. Its rapid ascent, and the cottage industry that has started to grow around it, have both galvanized investors' interests and elicited their fair share of criticism. Some have even started to do creative things to get in on the action, like taking out mortgages to buy Bitcoin or purchasing the cryptocurrency...

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Bitcoin Continues To Soar Closer To $20,000 Goal

Virtual currency bitcoin hit another all-time peak on Tuesday, two days after the launch of the first ever bitcoin futures on a U.S. exchange and ahead of the start of another futures contract next week, as investors grew optimistic that the $20,000-mark is within reach.

Reuters reports that Chicago-based derivatives exchange Cboe Global Markets (CBOE.O) launched bitcoin futures, enabling investors to get exposure to the currency via a large, regulated exchange.

chief executive officer of...

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Related topics : virtual currency exchange bitcoin / bitcoin exchange market share

Bitcoin Cash Adds To Its Big Gains With Coinbase Trading

Bitcoin cash is trading higher after a slate of announcements from Coinbase. The popular trading platform is working on enabling bitcoin cash trading on its platform but is facing volatility troubles. Bitcoin cash is up 32.03% on Wednesday to $3,5456.90 after Coinbase, the popular crypto trading app, enabled and then disabled trading of the cryptocurrency. Coinbase said it would enable bitcoin cash trading for the first time Tuesday evening, and did so for about two minutes. But the company...

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Related topics : trade bitcoins for cash / bitcoin cash coinbase news / bitcoin trade market / bitcoin trading

PayPal Enables Bitcoin Transactions For Merchants Selling Digital Goods

Bitcoin’s momentum among key merchants and platforms on the web keeps accelerating. After hinting at it a few weeks ago when Braintree enabled Bitcoin-based transactions for PayPal developers, the company is now enabling Bitcoin across the PayPal network for merchants of digital goods. The company has expressed interest in Bitcoin for awhile, with eBay CEO John Donahoe saying in the past that it would play an “important role” in the company’s future. Through partnerships with BitPay,...

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Related topics : bitcoin paypal sell / bitcoin paypal wallet / bitcoin paypal coinbase / bitcoin merchants / bitcoin transactions

Prominent Bitcoin Developer Predicts Death of Virtual Currency

Just a few years ago Mike Hearn thought the digital currency Bitcoin could change the world. He even left his well-paid engineering job at Google to pursue working with Bitcoin full time, producing a Bitcoin mobile app that helped the technology take off. But Now Hearn is selling off all his coins and turning his back on the currency altogether. He claims that the mechanisms behind the currency are broken, and that most of Bitcoin is owned by a small, toxic pool of investors who are not...

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

Square Is Letting Some App Users Trade In Bitcoin

Square, the mobile payments firm, is running a trial that allows some users of its Cash platform to buy and sell bitcoin. The news sent Square's stock to an all-time high of $41.80 per share soon after the markets first opened. Bitcoin is also in the green today. The cryptocurrency, known for its wild price swings, was trading up more than 10%. Square added the feature to Cash, a rival to Venmo, because users asked for it. The company is still trying to figure out how to make it "faster and...

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Related topics : buy sell bitcoin cash / bitcoin stock price today