Posts Tagged ‘cryptocurrency’

$1 in bitcoin seven years ago is valued at over $1.4 million today

The bitcoin digital currency has smashed another record, reaching $4,251 on Monday. The market capitalization of the world’s most popular cryptocurrency has surged $15 billion in the last week. Investors name several reasons for the recent bitcoin rally. The cryptocurrency is up 320 percent in the year to date. They point out that 42 percent…

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Bitcoin rival ethereum gobbling up cryptocurrency market

Ethereum

The share ethereum of the virtual currency market has grown sharply since the beginning of the year, according to a new report by a financial technology analytics service Autonomous NEXT. The share of total marketcap of bitcoin’s main rival rose to 30 percent as of June 22, compared to just five percent at the beginning…

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Alternative cryptocurrency ‘ethereum’ looks to topple bitcoin

Despite a seven-fold difference in price, the market capitalization of a virtual currency called ‘ethereum’ is rapidly approaching that of bitcoin. According to a chart presented by CoinMarketCap, bitcoin currently accounts for nearly 39 percent of the combined market capitalization for all cryptocurrencies, though that figure is down sharply from late February’s 87 percent. Read…

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Cryptocurrency exchanges shut down amid heavy trading, rollercoaster Bitcoin

The Bitcoin market hit record highs over the weekend before dropping further than it has in years. Several exchanges for the cryptocurrency suffered outages during the fluctuation, leaving customers unable to buy or sell for hours. Coinbase, one of the most popular ways to buy and sell popular cryptocurrencies such as Bitcoin, ethereum and litecoin…

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Bitcoin use to expand in near future – ex-Russian Finance Minister

The use of Bitcoin will expand in the coming years, former Russian Finance Minister Aleksey Kudrin told RT at the St. Petersburg International Economic Forum (SPIEF). Kudrin warned of online crime and lack of regulation concerning the cryptocurrency. Bitcoin has been surging in popularity as a digital payment system that allows users anywhere in the…

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