virtual currency

  1. You Could Buy 100 Boxes of Avocados for the Price of One Bitcoin

    You Could Buy 100 Boxes of Avocados for the Price of One Bitcoin
    Even with all the hand-wringing about bubbles in stock and bond markets, it’s hard to ignore what’s going on in the world of cryptocurrencies and bitcoin. The value of the largest digital currency continues to soar to record highs after weathering a split last week. It has increased more than threefold this year, compared with a doubling in the value of Vertex...
  2. Wall Street's Migration to Crypto Continues: Former Bain Manager Opens LatAm Bitcoin Fund

    Wall Street's Migration to Crypto Continues: Former Bain Manager Opens LatAm Bitcoin Fund
    It appears a trend is taking shape. Following a former Goldman HFT trader's massive initial coin offering, another Wall Street-er has come to the dark side of virtual currencies. A former senior manager at consulting firm Bain & Company, is launching a Bitcoin fund, providing access to the cryptocurrency to some of the wealthiest families in Latin America. Announced today, the newly...
  3. How big is bitcoin, really? This chart puts it all in perspective

    How big is bitcoin, really? This chart puts it all in perspective
    Bill Gates’s net worth still beats bitcoin’s entire market cap. Not all money is created equal. Bitcoin burst into our financial consciousness like a fiery comet, setting the internet ablaze with visions of upending the existing global money system. Yet, by its nature as a cybercurrency, whose legitimacy only exists in the ether, its credibility leaves much room for debate...
  4. Ethereum Flash Crashes by 96% After Status ICO Clogs Network

    Ethereum Flash Crashes by 96% After Status ICO Clogs Network
    While Bitcoin, and recent Chinese and Korean momentum favorite, Litecoin, have been relatively stable for much of the day, Ethereum suffered dramatic losses on Wednesday, sliding from $360 to $260 before rebounding, in the process experiencing what may have been its first flash crash, when it plunged by 96% from $315 to $13 on massive volume, before rebounding. As tends to...
  5. Getting High on Cryptocurrencies

    Getting High on Cryptocurrencies
    There are now four times as many cryptocurrencies in circulation as fiat currencies. That's amazing. And encouraging. According to the Swiss Association for Standardization, which maintains the International Standards Organization database, there are 177 national currencies currently in use. That list generously includes four precious-metals and four bond-market units (codes XBA to XBD, for the curious). NUMBER OF DIGITAL CURRENCIES 753 The CoinMarketCap website...
  6. Putin Meets with Ethereum Founder to Create National Virtual Currency

    Putin Meets with Ethereum Founder to Create National Virtual Currency
    Two weeks ago, in our latest comparison of Bitcoin and its up and coming competitor, Ethereum, we said "step aside bitcoin, there is a new blockchain kid in town." Actually, we said that for the first time back in February when Ethereum was still trading in the low teens (the return on ETH since then is roughly 3000%), but the most recent glance provided...
  7. Bitcoin Price Spikes to $2,700, then Loses $400 in Hours (C,NDAQ)

    Bitcoin Price Spikes to $2,700, then Loses $400 in Hours (C,NDAQ)
    Bitcoin prices hit an all-time high of $2,791 per coin this morning, according to the CoinDesk Bitcoin Price Index (BPI). But the price euphoria was short-lived -- even by the standards of this famously volatile virtual currency -- falling below $2,400 by 2:30 p.m. EDT. Both Ethereum and Bitcoin had been enjoying rallies in the last few days, with Ether reaching its...

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