Bitcoin Hits $50,000 For the First Time in History—And Then Dumps
The cost to purchase one Bitcoin surpassed $50,000 per token for the first time in history. Traders pumped the flagship cryptocurrency towards a new record high of $50,645 ahead of the New York opening bell on Tuesday. Their upside bias took cues from a sequence of optimistic events that happened last week, ranging from Tesla’s […]
Related News
Bitcoin’s price dipped Tuesday after Pres. Trump rejected the latest stimulus proposal, while a popular Ethereum wallet continues to grow.
A Canadian publicly held company has liquidated all of its ethereum and monero holdings and put all of the proceeds into bitcoin. The company is led by a well-known poker player and former member of the European Parliament. Cypherpunk Dumps Monero and Ethereum for Bitcoin Cypherpunk Holdings, a Toronto-headquartered company listed on the Canadian Securities Exchange (CSE), announced Thursday that it has increased its bitcoin holdings to 276.479 bitcoins. At the current price, the company now holds about $5 million USD in bitcoin. Cypherpunk Holdings added that this is a net increase since....
Purse.io CTO Chris Jeffery has stated Ethereum “is not learning from history” while ignoring the threats to its stability that Bitcoin solved many years ago. Learning From Bitcoin’s Mistakes. In a blog post, the developer requested Ethereum’s developers to “learn from the mistakes, just like bitcoin did.” The post was made in the wake of the DAO hack, in....
The alleged hack has left millions of users’ personal data — including passwords and addresses — available for 1.5 BTC on the dark web.
There has been a lot of rumors and speculation if coin developers of scrypt coins should hard fork their coins to try and block the influx of ASIC's and protect GPU mining. The development team for Litecoin has released a statement on theLitecoinTalk forum. While the Pro and Con lists can be long and convoluted, there are two main Pro's and Con's that I think of when I look at this issue. Litecoin. The Pro's of forking a coin would be GPU miners would not find their investments in their mining gear obsolete like they did when the SHA-256 ASICs hit the Bitcoin world. GPU rigs are costly,....