Bitcoin

Bitcoin Price Just Set Record: New All Time High

The price of Bitcoin is now trading at its highest level ever, over $4700. It beats the previous high reached on August 18 of this year by 4%. At press time, the average price of Bitcoin across global exchanges was $4,703.21, a figure that was up roughly 4% from a previous high of $4,522.13 set on…

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What the Mainstream Doesn’t Get about Bitcoin

The real demand for bitcoin will not be known until a global financial crisis guts confidence in central banks and politicized capital controls. I’ve been writing about cryptocurrencies and bitcoin for many years. For example: Could Bitcoin Become a Global Reserve Currency? (November 7, 2013) I am an interested observer, not an expert. As an observer, it seems…

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Understanding the Cryptocurrency Boom (and its Volatility)

Speculative booms are often poor guides to future valuations and the maturation trajectory of a new sector. I recently came across a December 1996 San Jose Mercury News article on tech pioneers’ attempts to carry the pre-browser Internet’s bulletin board community vibe over to the new-fangled World Wide Web. In effect, the article is talking…

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NSA Software Behind Latest Global Ransomware Attack

“It’s like WannaCry all over again,” said Mikko Hypponen, chief research officer with Helsinki’s cybersecurity firm F-Secure, when discussing today’s latest outbreak of the WannaCry-like ransomeware attack, which as we reported earlier started in Ukraine, and has since spread to corporate systems across the world, affecting Russian state oil giant Rosneft, the international shipping and…

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Massive Ransomware Attack: Is This Just the Tip of the Iceberg? (Videos)

A massive ransomware worm shut down computers all over the world over the weekend, in part by appropriating a National Security Agency (NSA) exploit that the mysterious group called Shadow Brokers released to the public last month. The virus encrypts user files and demands a ransom in Bitcoin to release them. ArsTechnica reported last Friday:…

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As Bitcoin Surges over $1,800, Federal Reserve Official Admits Blockchain Value

The price of bitcoin just surpassed $1,800, its second all-time high this week. As governments worldwide eye the blockchain technology and ready new cryptocurrency rules, there is no sign bitcoin’s astronomical rise in value, up 81 percent this year, is over. According to Coindesk’s Bitcoin Price Index, the average price of bitcoin hit $1,839.23 on…

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