Is it Too Late to Get Involved in Bitcoin?
So, you've only just learned about bitcoin, you've seen that people have become millionaires through investing in it. Your question is: "Can I still do the same, or has the bitcoin boat sailed?" Unfortunately there's no simple answer to this. Can you still make millions from bitcoin? Possibly. Has the bitcoin boat sailed? Certainly not. Bitcoin, and digital currency as a concept, is still very young. Created just five years ago, it's still trying to find its feet and its price is suffering rather wild volatility. On top of this, recent company failures have left a lot of bitcoiners out of....
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The Hong Kong Police Commercial Crime Bureau (CCB) arrested five suspects that might have been involved in last month's Bitcoin investment fund scam worth $8 million. According to South China Morning Post (SCMP), the arrested individuals include three women, aged somewhere between 48 and 55, and two brothers, both in their late 30s. While the formers were accused to have had promoted the Ponzi company MyCoin, the latter are being scrutinized for collecting money from some of the victims. However, none of the arrested individuals have been charged yet, but are likely to go through a....
The bitcoin price fell below the landmark $200 point at 07:24 (GMT) today, putting it back into territory not seen since late 2013. Within five minutes of crossing that threshold it had plunged further to $185. Less than 15 minutes after that, it fell to $179.13. The latter price is significant as it lies just below 1,000 Chinese yuan, the currency involved in 65% of bitcoin trades, possibly crossing a lesser-acknowledged psychological barrier. At press time, the price had rebounded somewhat to $205.54. Gox-like prices. The last time the bitcoin price crossed the $200 line was in late....
Increased activity within the cryptocurrency ecosystem within the past few weeks has given rise to many questions. The fallout of critical decisions has also raised questions as to who benefits or gets hurt as the crypto space develops. Iconomi adviser on business model development, strategy and branding, Zenel Batagelj speaks to Cointelegraph on the three key segments involved in the new crypto economy. The key players. Batagelj says that there are three key segments involved in the new crypto economy. First, there are those directly involved in cryptocurrencies, who believe in the new....
A common but mistaken refrain is building that bitcoin's behavior of late has been a replica of the infamous late 2013 rise and crash. Certainly, a similar narrative could be spun: bitcoin breaks $1,000, the People's Bank of China issues some comments that scare people, bitcoin crashes. But if a few marketplace characteristics are investigated, I think the difference in bitcoin's maturity between then and now becomes clear. On 5th December, 2013, a short while after bitcoin broke $1,000, the People’s Bank of China (PBOC) sent out a statement claiming bitcoin was "not a currency in the....
The late-night robbery of a Montreal grocery store last night resulted in the apparent theft of an on-site bitcoin ATM. According to information provided to CoinDesk, the Euromarché grocery store on Rue Lachapelle in Montréal was targeted around 10:30pm EST. A store representative reported two unidentified individuals were involved with the theft. Camera footage was taken of the incident and provided to local authorities with a formal report, the representative said. The store was closed when the theft took place. The ATM was a Lamassu brand machine, operated by vendor Instacoin (which....