In the latest development from the cryptocurrency world, Tom Lee, who called bitcoin’s recent rally, says it is a ‘real asset class’ for young people. Fundstrat’s Tom Lee believes bitcoin is a legitimate investment for the younger generation. Fundstrat’s Tom Lee “I think as a store of value, bitcoin makes a lot of sense,” Lee said … Read more
2018 Pyeongchang United States Olympic Luge Team to Accept Bitcoin Donations: Over the weekend, the United States Olympic Luge Team announced they are the first Olympic team in the country to advocate for and accept bitcoin in donation. With only two months from starting Winter Games in South Korea, there’s just enough time to promote … Read more
“Fake Satoshi” Dorian Nakamoto is Probably $273,000 Richer After Selling His Bitcoins: In 2014, Dorian Nakamoto was wrongly identified as being the inventor of bitcoin. In the aftermath of Newsweek’s faulty dox, a compensatory fund set up for Dorian raised over 67 BTC. Like his namesake, the faux Satoshi has exercised remarkable restraint, leaving his … Read more
Bitcoin price: Is cryptocurrency bubble going to burst? Bitcoin peaked at £14,251.01 ($19,026.21) on Monday, according to the CoinDesk exchange before slumping down to £13,221.59 ($17,651.85). On Sunday, Bitcoin hit a new record high price as the cryptocurrency board past $20,000. However, fears have been raised that Bitcoin will “spiral out of control” after warnings … Read more
How to make money off bitcoin without actually buying it: Bitcoin: it’s electric. Well, indirectly, anyway. Electricity consumption domestically and around the world is rising on bitcoin mining fervor, according to media reports citing Digiconomist data on bitcoin-related energy consumption. Investors can capitalize on the surge in electricity consumption by way of bitcoin mining through … Read more
An investor who bought bitcoin at $72 warns a 50% drop could happen before the next boom: According to a former hedge fund strategist who is now a digital currency investor, Bitcoin is a risky investment that could easily plunge 50 percent next week to levels seen only last month. But Dan Morehead, founder and CEO … Read more