Bitcoin Price Hits $500, a 50x Increase in Just 12 Months

Bitcoin Price Hits $500, a 50x Increase in Just 12 Months

The price of bitcoin reached $900 on Mt. Gox at around 01:15 GMT, with the highest price recorded on BTC China being 6,989 CNY ($1,147) at around 01:00 GMT. The CoinDesk BPI reached $781 at 01:13 GMT. The price has now dropped, though, with BTC China showing 4,000 CNY, Mt. Gox showing $670 and the CoinDesk BPI showing $575. UPDATE (18th November, 22:45 GMT): the price of bitcoin reached $750 on Mt. Gox within the last hour-and-a-half. The highest the price reached according to the CoinDesk BPI was $636 at 21:28. This price increase coincided with the Senate hearing about bitcoin, in which....


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Dogecoin Price: Not to the Moon Yet, But Headed in the Right Direction

Over the past several months, the Dogecoin price has experienced a consistent decline. However, over the past two weeks the Dogecoin price has rebounded considerably. Should investors be bullish on Dogecoin? CCN examines the recent Dogecoin price increase. Dogecoin Price Increases 18% in 24 hours. September 4 was a refreshing day for altcoin investors, as a number of altcoins saw significant price increases. One standout was Dogecoin, who experienced a greater-than-18% 24-hour price increase from September 3-4. After resting at 27 satoshis on September 2, the Dogecoin price began to move....

Bitcoin Price Hits New High for 2015

The price of bitcoin has hit a new high for 2015, with the CoinDesk Bitcoin Price Index (BPI) peaking at $333.75 this morning. Bitcoin, which opened the day at $313.31, rose 6.5% to $333.75 at 8.16am (UTC). It has since decreased to $326.55 at press time. The cryptocurrency began the year trading at $313.92, which was followed by a steep drop of more than 43% to $177.28 two weeks later, making headlines across the world. Today's peak price marks a 6.2% increase from the digital currency's value on 1st January 2015, but a 57% decrease from the same day in 2014, when bitcoin was trading at....

Quotes

Bitcoin is getting there. But it’s not there yet. When it gets there, expect governments to panic and society to be reshaped into something where governments cannot rely on taxing income nor wealth for running their operations.

Rick Falkvinge, IT Enterpreneur, Politician. Founder of the Swedish pirate party