bitcoin

  1. Jan

    Bitcoin falls as biggest liquidation in a month hits

    Bitcoin stumbles Bitcoin slid below $60,000 as traders liquidated the most positions in a month. Prices for the biggest digital asset lost 5% to $58,975 as of 10:44 a.m. in London, reaching the lowest intraday price in almost two weeks. Ether also sank about 5% and smaller tokens took a hit...
  2. Jan

    Top 10,000 Bitcoin holders own third of supply

    Bitcoin ownership and mining power in hands of elite few Bitcoin’s surging popularity hasn’t changed one of its original attributes. Its ownership is still concentrated in just a few hands. The top 10,000 individual investors in Bitcoin control about one-third of the cryptocurrency in...
  3. Hanno Labuschagne

    Bitcoin trading around $60,000, new record possible

    Bitcoin trading around $60,000, new record possible Bitcoin rallied early Monday after falling over the weekend, ahead of an anticipated U.S. exchange-traded fund approval. The largest cryptocurrency gained as much as 5.3% and was trading at about $62,180 as of 11:21 a.m. in Hong Kong. It...
  4. Jan

    Day traders are sparking a Bitcoin futures frenzy on ETF bets

    Bitcoin futures frenzy Bitcoin-to-the-moon traders are back with a vengeance as demand jumps for bullish contracts across crypto exchanges. The world’s largest digital currency rose about 3% to more than $59,000 on Friday — taking this month’s rally to over 35% — after Bloomberg News reported...
  5. Jan

    Bitcoin Buckles, Then Bounces, in Late-Day Spurt of Volatility

    Bitcoin buckles and bounces A flurry of selling briefly pushed Bitcoin to its biggest intraday drop in more than two weeks. While the largest cryptocurrency recouped some of its losses, it ended lower for its first drop in four days.
  6. Hanno Labuschagne

    Bitcoin has no intrinsic value — Top hedge fund manager

    Bitcoin has no intrinsic value — Top hedge fund manager Protea Capital Management CEO Jean Pierre Verster says he is not a crypto bull and that cryptocurrencies have elements of a Ponzi scheme. Verster is one of South Africa’s top hedge fund managers, and is well known for predicting the...
  7. Hanno Labuschagne

    Bitcoin's biggest surge since July

    Bitcoin's biggest surge since July Bitcoin jumped, rising in a matter of minutes to its biggest daily gain since July, and other digital currencies surged in a shock rally that followed the largest monthly decline since May. The largest cryptocurrency by market value rose as much as 10% to...
  8. Jan

    US state and city governments looking hard at cryptos for pensions and payments - S&P

    Cryptocurrencies entice US state and city governments — S&P U.S. state and local governments are growing more interested in investing in cryptocurrencies in their pension funds and accepting digital currencies as payments for taxes and services, according to S&P Global Ratings.
  9. Jan

    Problems with El Salvador's Bitcoin legal tender rollout, price crashes

    Bitcoin crashes Bitcoin plunged as much as 17% to its lowest level in a month amid news El Salvador’s crypto rollout was faltering. The largest cryptocurrency fell as low as $43,050 in New York Tuesday, tumbling more than 10% in the course of an hour after it had broken above the the closely...
  10. Jan

    El Salvador makes Bitcoin legal tender, buys 400

    El Salvador makes Bitcoin legal tender, buys 400 Bitcoin is undergoing the biggest test in its 12-year history as El Salvador becomes the first country to adopt it as legal tender Tuesday. Both enthusiasts and detractors of crytocurrencies will be monitoring the experiment to see if a...
  11. Hanno Labuschagne

    Reserve Bank explains why Bitcoin must be regulated

    Reserve Bank explains why Bitcoin must be regulated There is no choice but to regulate crypto-assets, South African Reserve Bank governor Lesetja Kganyago has said. “We are going to have to regulate this because people go and invest in cryptos and when they lose money, they ask what...
  12. Jan

    Greater Bitcoin volatility, price to $100,000+ predicted

    Bitcoin bullish Bitcoin topped $50,000 for the first time since May as crypto prices continued an ongoing recovery from a disorderly rout just three months ago. The largest virtual coin advanced 3.8% to $50,272 as of 6:53 a.m. in New York, with other tokens including Ether and Cardano’s ADA...
  13. Jan

    Early Bitcoin miner in South Africa lost the key to his wallet with 20 bitcoin

    I could have been a millionaire, but I lost 20 Bitcoin A 24-year-old South African electronic engineer recounts the story of how he lost 20 bitcoin that he mined in 2010.
  14. Jan

    Younger Africrypt brother impressed Dawie Roodt

    South African Bitcoin brothers' big lie about Dawie Roodt Cryptocurrency investment scheme Africrypt allegedly claimed that it had taken on 15% of economist Dawie Roodt’s portfolio, court documents show. Adrian Pilling, one of Africrypt’s former clients participating in the liquidation...
  15. dawidmsnyders

    Amazon posted a position for a "Digital Currency and Blockchain Product Lead"

    Amazon posted a position for a "Digital Currency and Blockchain Product Lead" Amazon.com Inc.’s payments team is exploring letting customers use cryptocurrencies to pay for their orders — a development that’s roiling digital currency markets. An Amazon job posting published online last week...
  16. Jan

    Bitcoin surges on Amazon speculation and as shorts liquidate

    Bitcoin booms Bitcoin soared on Monday to approach $40,000, a rally some attributed to traders exiting bets on declines as well as ongoing speculation over Amazon.com Inc.’s potential involvement in the cryptocurrency sector.
  17. Jan

    Tesla, MicroStrategy, Square face earnings consequences for Bitcoin holdings

    Bitcoin's big business backers face the music It’s time for Bitcoin’s corporate champions to account for a brutal selloff in the cryptocurrency. Companies such as Tesla Inc. and MicroStrategy Inc. that have emerged as some of Bitcoin’s biggest backers will have to reckon with their digital...
  18. Hanno Labuschagne

    Bitcoin drops below $30,000 for first time in a month

    Bitcoin drops below $30,000 for first time in a month A selloff in Bitcoin accelerated Tuesday, pushing it below $30,000 for the first time in about a month. The world’s largest digital coin fell as much as 4.1% and was trading at about $29,600 as of 12:55 p.m. in Tokyo. Other virtual...
  19. Jan

    Watch steamroller trample a thousand Bitcoin ASICs in Malaysia

    A thousand Bitcoin mining rigs trampled by steamroller China isn't the only country cracking down on crypto. A recent video shows the Malaysian government crushing 1,069 Bitcoin mining rigs with a steamroller. The rigs, reportedly worth R18.2 million, were confiscated between February and...
  20. Hanno Labuschagne

    Big revelations in Bitcoin Brothers saga

    Big revelations in Bitcoin Brothers saga Raees and Ameer Cajee, the brothers who founded of cryptocurrency investment scheme Africrypt, bought citizenship from the Pacific island nation of Vanuatu, an investigation by The Guardian has revealed. According to the report, the Cajee brothers are...
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