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Japan’s Largest Bank Is Preparing For A Bitcoin Exchange Collapse

The February 2014 collapse of Tokyo-based bitcoin exchange Mt. Gox was, for more than 24,000 investors around the world, a traumatic event. It also ushered in a two-year crypto bear market that saw the price of a single bitcoin plunge from a peak of $1,200 to a low of around $200 before the torrid bull […]

North Korea-Linked Hackers Stole Bitcoins From Seoul-Based Exchange

As we pointed out yesterday, bitcoin and other tokens across the crypto space sold off following reports that South-Korea based exchange YouBit had been hacked, forcing its owner into bankruptcy. The exchange reported that hackers had stolen 17% of assets held in the exchange’s digital wallet. However, Yapian, YouBit’s owner, didn’t specify the value of […]

Bitcoin’s Growing Price Gap Between Exchanges Creates Potential Headaches For Futures Trading

On Thursday, as the Bitcoin price made record high after record high, spiking to somewhere between $16,000-19,500, it was one of the top stories across mainstream media outlets, never mind Reuters, Bloomberg and the FT. However, what exactly was the all-time high for Bitcoin? Because of Bitcoin's growing "price gap", it depended where you looked. […]

America’s Biggest Bitcoin Exchange Just Broke As Prices Tumbled $4,500 From Highs

Mike Novogratz is on the wires calling Bitcoin a "cultural revolution." GDAX just broke… Additionally, Bitfinex says it is under a significant denial of service attack. As Bitcoin tumbled $4,500 from its highs…   And now the giveback…Bitcoin is down $3000 from its $19,600 highs…but is still up 30% on the day   Bwuahahaha… $19k…on […]

Bitcoin’s Berserker Run Resumes After Exchange Breaks; Novogratz Says “Not Close To The End”

Mike Novogratz – self-described as the "Forrest Gump of Bitcoin" – is on the wires calling Bitcoin a "cultural revolution." "The world is in blockchain speculative phase… not close to the end of the speculative phase"   Novo added that Bitcoin futures will give rise to ETFs and even broader adoption and a "sell-off after […]

Bitcoin Blasts Above $12,000, Soars To New All Time High

After slowing down fractionally in its relentless ascent after topping $11,000 for the first time less than a week ago, Bitcoin has brushed off the weekend selloff and on Wednesday morning (Asian time) exploded higher following a renewed burst of buying out of the usual Asian suspect exchanges – and Bitfinex – surging above $12,000 […]

Five Ways To Short Bitcoin

Looking to put bitcoin’s rise in context? How about this: Over the last five years, the world’s most valuable digital currency has risen an astonishing 11,000,000%. Furthermore, since Jan. 1, it has climbed 950%, compared with a total return of 18% for the S&P 500. Given the torrid pace of bitcoin’s climb, one would imagine […]

Bitcoin Tumbles Then Rebounds After Hackers Steal $31 Million Tethers

The rise in Bitcoin’s price was approaching "warp speed" above $8,200 overnight when, as so often happens, it went into another sharp reversal. After hitting an intra-day high of almost $8,265 in early trading on Tuesday, the price crashed more than $400 to $7,827, its biggest drop since November 13. This time it wasn’t another […]

South Korea Overtakes China As Bitcoin’s Third-Largest Market

China-based digital currency exchanges have until the end of September to cease operations after Chinese authorities, spooked by the ICO craze, decided earlier this month to crack down on all exchange-based digital currency trading. Trading volume in China has fallen dramatically since the country’s exchanges briefly halted withdrawals earlier this year as they implemented new […]

If Jamie Dimon Hates It So Much, Why Is JPMorgan Buying Bitcoin In Europe?

Unless you have been living under a rock for the past week, you will be well aware of JPMorgan CEO Jamie Dimon's panicked outburst with regard the 'fraud' that Bitcoin's 'tulip-like' bubble is. To paraphrase: "It’s a fraud. It’s making stupid people, such as my daughter, feel like they’re geniuses. It’s going to get somebody […]

Cryptocrash: Bitcoin Tumbles To Pre Korea-Missile-Launch Level After Topping $5000

Shortly after topping $5,000 (according to several exchanges), Bitcoin began to tumble dramatically – now down almost $500 – erasing all the post-North-Korea missile anxiety gains. Ethereum has crashed even more. In fact, 9 of the 10 largest cryptocurrencies are all plunging this morning… While there is no specific catalyst for this drop, two events […]

Bitcoin Surge To New Record Highs Above $4800 Amid Renewed ETF Hope

Bitcoin has surged to a new record high this morning over $4850 amid increased debt ceiling anxiety, continuing demand from South Korea and Japan amid the North Korea chaos, a potential short squeeze, and renewed hopes of SEC approval of a Bitcoin ETF. The six biggest virtual currencies are all higher today… NOTE – Litecoin […]