whisperer
1880
whisperer  

They are never going to stop using bitcoin for money laundering and they are never going to stop stealing it when they decide that they need it

thenews
28438
thenews  

Bitcoin plunges 18% to hit 14-month low amid bearish sentiment

Bitcoin prices plunged sharply to hit the lowest level in more than a year on Tuesday, as investors fled towards the exits amid bearish chart signals.

Bitcoin (BTC/USD) tumbled $46.93, or 17.33%, to trade at $223.90 on Slovenia-based BitStamp during U.S. morning hours, after hitting a session low of $216.00, a level not seen since November 2013.

Hackers stole nearly 19,000 bitcoins valued at approximately $5 million from BitStamp last week. The exchange reopened on Friday, January 9, after suspending services in wake of the theft on January 5.

The price of a bitcoin on Bulgaria-based BTC-e plunged $39.19, or 14.77%, to trade at $226.08, while prices on Singapore-based itBit dropped $38.34, or 14.34%, to trade at $228.99.

According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency lost $39.38, or 14.75%, to trade at $227.70.

Meanwhile, euro-denominated Bitcoin prices (BTC/EUR) sank €25.51, or 11.24%, to trade at €201.37 on U.S.-based Kraken Exchange.

Elsewhere, yuan-denominated Bitcoin prices on Shanghai-based BTC China slumped 229.99 yuan, or 13.9%, to trade at 1,425.00 yuan, while prices on Beijing-based OKCoin fell 247.64 yuan, or 14.8%, to trade at 1,426.00 yuan.

Bitcoin is digital cash and is not backed by a government or central bank to regulate or issue it. It can be used to purchase goods and services from stores and online retailers.

Bitcoin’s market cap has been on a steady decline in recent months, even as the virtual currency has been getting more popular with merchants and retailers, including PayPal, Expedia, Overstock.com and Dell.

read more

thenews
28438
thenews  

Bitcoin tumbles below the $200-level as sell-off intensifies

Bitcoin prices plunged below the $200-level on Wednesday to hit the lowest level in more than a year as investors exited the market amid bearish chart signals.

According to data at the major Bitcoin exchanges, order books are showing a spike in volume, largely from sell orders, over the past 48 hours.

Bitcoin (BTC/USD) tumbled $24.59, or 10.49%, to trade at $209.91 on Slovenia-based BitStamp during U.S. morning hours, after hitting a session low of $152.40, a level not seen since April 2013.

A day earlier, BitStamp prices fell $41.08, or 15.38%, to end at $226.00, as sentiment remained weak following last week's data breach.

Hackers stole nearly 19,000 bitcoins valued at approximately $5 million from BitStamp on January 5. The exchange then went offline for four days before reopening on Friday, January 9.

The price of a bitcoin on Bulgaria-based BTC-e plunged $30.71, or 13.31%, to trade at $199.98, while prices on Singapore-based itBit dropped $16.79, or 7.29%, to trade at $213.49.

According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency lost $19.36, or 8.53%, to trade at $207.62.

Prices of the virtual currency are trading at around the same levels before the bull-run in the autumn of 2013, which took prices to an all-time high near the $1,240-level in late November 2013.

Meanwhile, euro-denominated Bitcoin prices BTC/EUR sank €14.58, or 7.49%, to trade at €180.00 on U.S.-based Kraken Exchange.

Elsewhere, yuan-denominated Bitcoin prices on Shanghai-based BTC China slumped 147.40 yuan, or 10.86%, to trade at 1,201.01 yuan, while prices on Beijing-based OKCoin fell 228.70 yuan, or 15.94%, to trade at 1,206.10 yuan.

Bitcoin is digital cash and is not backed by a government or central bank to regulate or issue it. It can be used to purchase goods and services from stores and online retailers.

Bitcoin’s market cap has been on a steady decline in recent months, even as the virtual currency has been getting more popular with merchants and retailers, including PayPal, Expedia, Overstock.com and Dell.

source

thenews
28438
thenews  

Bitcoin skyrockets 20% to hit 3-week high

Bitcoin prices surged to the highest level in three weeks on Monday, as investor confidence remained strong amid bullish chart signals.

Bitcoin (BTC/USD) rallied to a session high of $309.90 on Slovenia-based BitStamp, the most since January 3, before trading at $297.70 during U.S. morning hours, up $46.70, or 18.61%.

Bitcoin prices are up almost 50% since hitting a 21-month low of $152.40 on January 14.

The price of a bitcoin on Bulgaria-based BTC-e jumped $41.70, or 16.9%, to trade at $288.54, while prices on Singapore-based itBit rose $35.34, or 13.5%, to trade at $297.21.

According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency surged $42.12, or 16.55%, to trade at $296.63.

The recent surge coincided with news that bitcoin service provider Coinbase Inc. will launch the first licensed bitcoin exchange in the U.S. on Monday.

Coinbase is backed by $106 million from the New York Stock Exchange as well as various banks and venture-capital firms, bringing much-needed legitimacy to the virtual currency market.

Meanwhile, euro-denominated Bitcoin prices (BTC/EUR) rose €40.64, or 15.81%, to trade at €297.70 on U.S.-based Kraken Exchange, the highest since January 3.

Elsewhere, yuan-denominated Bitcoin prices on Shanghai-based BTC China advanced 308.16 yuan, or 19.92%, to trade at 1,855.00 yuan, while prices on Beijing-based OKCoin tacked on 326.65 yuan, or 21.34%, to trade at 1,857.53 yuan.

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mavel
55
mavel  

I found bitcoin payment method very easy to use. Profiforex offers bitcoin method of payment and there was no commission in withdrawal and deposit.

myname
3231
myname  

Spamming with a money laundering "currency" as an argument

That is a new one

thenews
28438
thenews  

One big reason Bitcoin is going nowhere

Fusion's Felix Salmon delves into the seedy underbelly of the Bitcoin world and comes up with the real problem with cryptocurrency: the community is 96% men.

Here's Salmon:

Bitcoin, at its core, is an attempt to solve big socioeconomic problems through technology. But so long as it remains an overwhelmingly male domain, it’s going to continue to concentrate on the economic problems, while missing the big social problems. Which means that it’s going to continue going nowhere.

It's hard to have a currency that leaves out 50% of the population.

source

pavaka
4411
pavaka  
theNews:
Fusion's Felix Salmon delves into the seedy underbelly of the Bitcoin world and comes up with the real problem with cryptocurrency: the community is 96% men.

Here's Salmon:

Bitcoin, at its core, is an attempt to solve big socioeconomic problems through technology. But so long as it remains an overwhelmingly male domain, it’s going to continue to concentrate on the economic problems, while missing the big social problems. Which means that it’s going to continue going nowhere.

It's hard to have a currency that leaves out 50% of the population.

source

Bitcoins won't be used at Macy's any time soon

Alias Marne
66
Alias Marne  
mikepowers:
Yeah Bitcoin is fun.

I don't think bitcoin is fun it's kind of business.

name
992
name  
alias2002:
I don't think bitcoin is fun it's kind of business.

The way it was done so far it is simply a money laundering scheme : not fun, but ridiculous