Author: Karly Marie
MIT Media Lab announces the Digital Currency Initiative, led by former White House adviser Brian Forde, to advance cryptocurrency security, policy, and global impact.
21 Inc, a Silicon Valley Bitcoin startup, has raised $116M from top investors, including Andreessen Horowitz and Qualcomm, to expand Bitcoin’s mainstream adoption.
Coinbase’s record-breaking US$75M Series C funding round, backed by institutional giants like NYSE and USAA Bank, is setting a new standard in the Bitcoin ecosystem and paving the way for mainstream adoption.
Bitcoin has suffered a dramatic 27% drop in just two days, reigniting fears of yet another major cryptocurrency crash. The cryptocurrency, which traded at $267 per coin on Tuesday, plummeted to $195 by Wednesday afternoon—marking an 80% decline from its all-time high of $1,150 in November 2013. Unlike previous Bitcoin crashes, which followed speculative bubbles, this downturn appears to stem from a consistent price decline since June 2014, suggesting a broader structural issue within the crypto market. Why Is Bitcoin Crashing? Experts believe that a “squeeze” on Bitcoin miners may be one of the primary reasons behind the sharp sell-off. Greg Schvey, a partner at cryptocurrency data firm TradeBlock, explains:…
Explore the rise and catastrophic fall of Mt. Gox, once the world’s largest Bitcoin exchange, and the implications of its $460 million loss on the cryptocurrency landscape.
From Soaring Heights to Rock Bottom Bitcoin’s meteoric rise in 2013 had investors dreaming of a financial revolution. But 2014? Not so much. The world’s first cryptocurrency has had a year from hell, losing more than 50% of its value. Once worth over $900 per coin in January, Bitcoin is now scraping by at just $334. To put that into perspective, holding Bitcoin in 2014 was worse than betting on the Greek stock exchange (which fell by 28%) or the Argentine peso (which dropped 24%). Even the free-falling Russian rouble has outperformed Bitcoin, losing only 51% of its value. Ouch.…
Microsoft has started accepting Bitcoin payments for Xbox games, Windows apps, and software. Find out how the tech giant’s move impacts the future of cryptocurrency adoption.
Bitcoin has slumped by $120, but does anyone care? Analysts suggest the crypto market is becoming less sensitive to good news.
Bitcoin Falls Below $300—What Happened? Bitcoin is in free fall again. Over the weekend, the cryptocurrency dropped to just $290—its lowest price in almost a year. In just 48 hours, Bitcoin shed 18% of its value, continuing a downward trend that started after its peak at $1,100 last December. While the price has since bounced back slightly to around $330, the crypto community is left wondering—why the steady decline? And more importantly, is Bitcoin in real trouble? The Mechanics Behind Bitcoin’s Price Drop Several factors are contributing to Bitcoin’s slump, but experts believe one of the biggest culprits is Bitcoin…
In the quaint seaside town of Swanage, where “cash only” signs dominate high street shops, one business is embracing a different approach—Bitcoin. While mainstream adoption of the digital currency is still in its infancy, some retailers are willing to take a chance on its future. Bitcoin’s First Purchases in Swanage: Chocolate and Lottery Tickets Andy James, the owner of Swanage News, decided to accept Bitcoin after learning about it on a TV show. So far, he has had only two customers pay in Bitcoin—one who bought a Kit Kat for 65p, and another who used the cryptocurrency for lottery tickets. “I thought he…
