Why Bitcoin Investment Trust Stock Plunged on Wednesday

What’s happening? Shares of Bitcoin Investment Trust (NASDAQOTH:GBTC) are down by about 10% as of 2:45 p.m. EST on Wednesday as bitcoin (BTC-USD) plunged to fresh lows for the year. At a recent price of $5,452, bitcoin is trading just above its year-to-date low of $5,363 set earlier in the trading day at Coinbase. So […]

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Bitcoin plummets under $6000 to a new low for the year after months of stability

Bitcoin’s moment of relative stability ended abruptly Wednesday. The world’s largest cryptocurrency hit its lowest level of the year, falling as much as 9 percent to a low of $5,390.12, according to data from CoinDesk. Bitcoin had been trading comfortably around the $6,400 range for the majority of the fall, a stark contrast from the […]

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Sexual Assault Survivor Uses Crypto to Crowdfund Anonymously

A new use case is emerging for cryptocurrency: helping women who’ve suffered sexual harassment or assault gain financial independence while also protecting their privacy. Case in point, a sexual assault survivor used the crypto-powered payment processor Seeds to crowdfund $500 in September after the trauma left her unable to work for several months. Had she […]

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Initiative Q Won’t Solve Bitcoin’s Problem

Initiative Q won’t solve Bitcoin’s problem of mass adoption because it isn’t a digital currency. It’s just a pipe dream going the OneCoin way. Bitcoin and other major digital “currencies” begin on the supply side of the market. And they have big promise: to make market transactions fast, efficient, inexpensive, and free from the control […]

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Bitcoin Ticks Higher As Overstock CEO Predicts A Cryptocurrency ‘Revolution’

Bitcoin has ticked higher over the last 24 hours, boosted by positive sentiment across major cryptocurrencies, two-year record-low volatility, and bullish comments from the chief executive of Overstock, the U.S. Amazon rival — which began accepting bitcoin back in 2014. Bitcoin and cryptocurrency boards showed a sea of green for the last 24 hours trade, with […]

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Bitcoin Cash Price Climbs 11% to Hit 2-Month High

The price of bitcoin cash rose more than 11 percent on Tuesday, pushing its price to a new two-month high. Market data shows that the cryptocurrency’s price has risen 30 percent since Sunday, and is currently trading at roughly $623. Bitcoin cash is the fourth-largest cryptocurrency by market capitalization, CoinMarketCap data shows. The price of […]

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Goldman Sachs Onboarding Clients for Bitcoin Derivatives, Insiders Say

Inside sources say Goldman Sachs is already onboarding some of its clients to trade on its Bitcoin derivatives, non-deliverable forward (NDF) contracts platform. However, the bank reportedly has no plans to launch trading support for other cryptocurrency derivatives but is serious about providing custodial services. Goldman Trading Bitcoin Derivatives? According to the International Business Times, the […]

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19 Words Prove Just How Audacious Bitcoin Really Was

Richard Gendal Brown is CTO at R3.  This exclusive opinion piece is part of CoinDesk’s “Bitcoin at 10: The Satoshi White Paper” series. There is a phenomenon in anthropology called the “Cargo Cult.” It was first observed in Melanesia in the late 19th century and most famously chronicled after World War II when remote Pacific […]

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