ethereum Tag

Even with all the hand-wringing about bubbles in stock and bond markets, it’s hard to ignore what’s going on in the world of cryptocurrencies and bitcoin. The value of the largest digital currency continues to soar to record highs after weathering a split last week. It has increased more than threefold this year, compared with a doubling in the value of Vertex Pharmaceuticals, the best performer in the S&P 500 Index. At the record price of $3,486.73 reached Tuesday, one bitcoin could probably fund a nice vacation. By comparison, one share ofRead More
It appears a trend is taking shape. Following a former Goldman HFT trader’s massive initial coin offering, another Wall Street-er has come to the dark side of virtual currencies. A former senior manager at consulting firm Bain & Company, is launching a Bitcoin fund, providing access to the cryptocurrency to some of the wealthiest families in Latin America. Announced today, the newly formed Crypto Assets Fund, co-founded by former senior manager at Bain, Roberto Ponce Romay, is helping to raise $50m with the purpose of buying cryptocurrencies for family offices. Revealed exclusively toRead More
Ronnie Moas, who for the past 13 years has made more than 900 stock recommendations via his one-man show at Standpoint Research, is now venturing into cryptocurrencies. Bitcoin will double to $5,000 next year, and reach $25,000 to $50,000 in the next decade, the Miami Beach, Florida-based Moas said in a note to clients Wednesday, where he also disclosed he bought “a little bit” of litecoin, bitcoin and ethereum in a Coinbase.com account. It’s a testament to the exuberance around bitcoin, ethereum and other blockchain assets that equity investors whoRead More
While Bitcoin, and recent Chinese and Korean momentum favorite, Litecoin, have been relatively stable for much of the day, Ethereum suffered dramatic losses on Wednesday, sliding from $360 to $260 before rebounding, in the process experiencing what may have been its first flash crash, when it plunged by 96% from $315 to $13 on massive volume, before rebounding. As tends to happen without fail during volatile crypto-periods, the crash almost immediately took the Coinbase offline. Over the past 24 hours, there were several warnings about “unstable operation” in the Ethereum Network,Read More

Posted On June 15, 2017By HoudiniIn Articles

Getting High on Cryptocurrencies

There are now four times as many cryptocurrencies in circulation as fiat currencies. That’s amazing. And encouraging. According to the Swiss Association for Standardization, which maintains the International Standards Organization database, there are 177 national currencies currently in use. That list generously includes four precious-metals and four bond-market units (codes XBA to XBD, for the curious). NUMBER OF DIGITAL CURRENCIES 753 The CoinMarketCap website lists 753 cryptocurrencies, all the way from Bitcoin and Ethereum down to StrongHands and Paccoin (current value: $0.00000014). With a retired basketball star promoting one such incarnation — tied toRead More
Two weeks ago, in our latest comparison of Bitcoin and its up and coming competitor, Ethereum, we said “step aside bitcoin, there is a new blockchain kid in town.” Actually, we said that for the first time back in February when Ethereum was still trading in the low teens (the return on ETH since then is roughly 3000%), but the most recent glance provided some perspective on where the competition between the two largest cryptocurrencies may culminate, because according to at least two venture capitalists, the market cap of Ethereum – currently roughly $35Read More
Mining references generally evoke images of picks and shovels. For advocates of bitcoin and the other cryptocurrencies surging in value, the gold may be in the shares of the companies that produce the computer processors and chips used to create the digital currencies in the process that’s become known as mining. Digital coins can only be created by using computers to solve complex mathematical problems. The difficulty increases as more of the problems get solved, prompting the miners to require even more powerful hardware. With digital coin prices soaring, demand forRead More
Step aside, bitcoin. There’s another digital token in town that’s winning over the hearts and wallets of cryptocurrency enthusiasts across the globe. The value of ether, the digital currency linked to the ethereum blockchain, could surpass that of bitcoin by the end of 2018, according to Olaf Carlson-Wee, chief executive officer of cryptocurrency hedge fund Polychain Capital. “What we’ve seen in ethereum is a much richer, organic developer ecosystem develop very, very quickly, which is what has driven ethereum’s price growth, which has actually been much more aggressive than bitcoin,”Read More
NEW YORK (May 30): Bitcoin’s astronomical rally has cryptocurrency bulls feeling vindicated. Not so fast, skeptics say. The digital currency’s more than 100% surge in the past two months looks eerily familiar, argue the bears, pointing to November 2013, when the price quintupled in short order to top US$1,000 for the fist time. By Valentine’s Day it was worth around half that, and spent the better part of the next two years languishing below US$500. Then it absolutely exploded — jumping more than US$1,400 in two months. At its heightRead More
Bitcoin prices hit an all-time high of $2,791 per coin this morning, according to the CoinDesk Bitcoin Price Index (BPI). But the price euphoria was short-lived — even by the standards of this famously volatile virtual currency — falling below $2,400 by 2:30 p.m. EDT. Both Ethereum and Bitcoin had been enjoying rallies in the last few days, with Ether reaching its own historic high of $228.37 at around 8:30 a.m. EDT on May 24, according to Coindesk data. Ether is currently trading down almost 21% at $180.75. Some analysts attribute theRead More