Bitcoin

  • US investigating bitcoin price manipulation as cryptocurrency runs wild

    The Justice Department has opened a criminal investigation into the possibility that the prices of bitcoin and other cryptocurrencies are being manipulated by traders, according to Bloomberg. The probe is centered around spoofing, an illegal practice in which an investor floods the market with fake orders to distort the...
  • College students use financial aid money to invest in bitcoin

    A member of bitcoin trading club poses with bitcoin medals at the club’s meeting in Tokyo. Tuition paid, textbooks bought…time to buy bitcoin? More than 20 percent of college students use their financial aid money to invest in cryptocurrencies, according to new findings by The Student Loan Report, a...
  • Man arrested for using bitcoin to ship thousands of dollars in narcotics

    A trip into “dark web” drug deals has resulted in the arrest of an Iowa man for allegedly selling thousands of dollars in narcotics to college students in Ohio using bitcoin, authorities said. Athens County, Ohio prosecutor Keller Blackburn announced on Monday they had arrested Anthony Scott Boeckholt, 42,...
  • 50 Cent’s Earned Millions Selling His Album for Bitcoin

    50 Cent took a chance on bitcoin years before anyone knew what cryptocurrency even was … and it’s paid off more than 7 million times over. Rewind to 2014 and 50’s album, “Animal Ambition,” when the rapper became the first to accept bitcoin — which was then valued at around...
  • The IRS wants to know….Are you a bitcoin user or investor ???

    Last year was a momentous one for bitcoin. The cryptocurrency began the year at just under $1,000 and finished at just over $14,000, posting a whopping one-year gain of nearly 1,400 percent. I can’t say if bitcoin and other cryptocurrencies such as litecoin, ethereum, bitcoin cash and ripple make for good investments. Nor can I tell...
  • Bitcoin is an asset, not a currency – Israel’s central bank

    JERUSALEM (Reuters) – Israel’s central bank said on Monday it would not recognise virtual currencies such as bitcoin as actual currency and that it was difficult to devise regulations to monitor the risks of such activity to the country’s banks and their clients. Deputy Governor Nadine Baudot-Trajtenberg said there...
  • Blockchain technology behind bitcoin is worth it

    The holiday dinner table discussion about bitcoin has evolved and matured over the past eight years. Part of this evolution is in the grudging admission that the technology at bitcoin’s core has unexploited commercial and social utility. Bitcoin uses constantly growing, encrypted ledgers of transactions known as blockchains to...
  • Bitcoin under pressure to start 2018 as Ether tokens take flight

    Bitcoin prices on Tuesday started 2018 the same way it ended: facing stiff headwinds as some of its rivals, notably Ether tokens trading on the Ethereum blockchain trading at or near an all-time high. The spot price of a single bitcoin BTCUSD, +3.28% was trading relatively flat at more...
  • Bitcoin will trade under $5,000, warns Dennis Gartman

    There seems to be nothing that can convince Dennis Gartman to turn bullish on bitcoin. Despite tanking this month, bitcoin has still soared over 1,400 percent this year. But Thursday on CNBC’s “Futures Now,” The Gartman Letter editor and publisher reiterated his skepticism on bitcoin’s meteoric rise, a view...