By Paul Vigna The Wall Street Journal Wed., June 20, 2018 For most of its 10-year history, the digital currency bitcoin has been viewed by some people as the future of money. Lately, to get some insight into what the future might hold, some are focusing on how bitcoin compares with currencies of the past. In the early days of the United States, before the dollar was king, most paper money was issued not by the federal government, but by private banks. That system fell out of favour after the Civil War, as the government asserted its role in currency management. The cryptocurrency revolution that started during the global financial crisis has started to change perceptions, giving new credence to the idea that private money could complement, or in some cases replace, government currencies. Not that anyone expects that to happen on a grand scale soon. Bitcoin’s use as a currency is still more theoretical than actual, and other cryptocurrencies are even farther … [Read more...] about Is Bitcoin the future, or an echo of a failed past?
Trade gold for bitcoin
0 Have your say The value of cryptocurrencies can fluctuate wildly but the blockchain technology they utilise is here to stay, writes Chris McCall Following the fluctuating value of crytpocurrencies like bitcoin can be like watching a rollercoaster. There are a lot of ups and downs, but many of those strapped in for the ride seem to be enjoying themselves. The digital currency, launched in 2009, long ago moved beyond the online cryptography community and into the business mainstream.While it now makes the pages of the Financial Times, it’s not lost its ability to baffle those unfamiliar with the terminologies involved, while even dedicated followers of the financial technologies (FinTech) sector retain a degree of scepticism.That’s in part because unlike other tradable commodities, like gold or oil, bitcoin is not a physical product. The lack of a centralised regulator can also be off-putting to new investors, as does the quasi-anonymous status of users.None of … [Read more...] about Should I invest in bitcoin or has the bubble burst?
Supported by Technology By NATHANIEL POPPERMAY 7, 2018 Continue reading the main story Share This Page Continue reading the main story SAN FRANCISCO — Some of the biggest names on Wall Street are warming up to Bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world.The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were still confidential.The news of the virtual exchange, which has not been reported before, came after Goldman Sachs went public with its intention to open a Bitcoin trading unit — most likely the first of its kind at a Wall Street bank.The moves by Goldman and the Intercontinental Exchange, or ICE, the parent company of the New York … [Read more...] about Bitcoin Sees Wall Street Warm to Trading Virtual Currency
Developer: Hall WestDownload: iOSCategory: FinancePrice: FreeYou've heard about Bitcoin, right? How couldn't you, it's the most famous cryptocurrency, and its wild ride from $2000 to $20,000, and now back to $8000 or so in the span of months is a boon for trigger-happy speculators investors.Trading cryptos could bring pots of gold for those who know what they are doing, resulting in cryptocurrency brokererage apps shooting up to the status of most popular iOS entrants in the App Store. The wild speculative swings that Bitcoin and the other cryptos are experiencing on a daily basis are not for the faint of heart, and you really have to do your homework before you take a second mortgage on the house to plough it into virtual money.Enter Coinn, a "smart crypto investing" iOS app that tries to put a method into the madness by evaluating the hundreds of coins and tokens out there, letting you size them up on a uniform cross-crypto basis. Starting with a tongue-in-cheek … [Read more...] about Know what each crypto is worth with the new Coinn app for iOS
Some 600 computers used to "mine" bitcoin and other virtual currencies have been stolen from data centers in Iceland in what police say is the biggest series of thefts ever in the North Atlantic island nation.Some 11 people were arrested, including a security guard, in what Icelandic media have dubbed the "Big Bitcoin Heist." A judge at the Reykjanes District Court on Friday ordered two people to remain in custody. Advertisement - Continue Reading Below The powerful computers, which have not yet been found, are worth almost $2 million. But if the stolen equipment is used for its original purpose — to create new bitcoins — the thieves could turn a massive profit in an untraceable currency without ever selling the items."This is a grand theft on a scale unseen before," said Olafur Helgi Kjartansson, the police commissioner on the southwestern Reykjanes peninsula, where two of the burglaries took place. "Everything points to this being a highly organized crime."Three of four … [Read more...] about Bitcoin Heist: 600 Powerful Computers Stolen in Iceland