BitCoin Update


Bitcoin's latest climb brings post-Tax Day rally to more than 8%

Bitcoin's latest climb brings post-Tax Day rally to more than 8%

Bitcoin jumped Friday morning, bringing its post-Tax Day gains to more than 8 percent.The cryptocurrency spiked about $300 to a high of $8,554.97, according to CoinDesk's bitcoin price index. Bitcoin was trading more than 2.7 percent higher near $8,500 as of 4:10 p.m. ET.
Cryptocurrency wallet Blockchain hires top Goldman Sachs exec to help it boost institutional clients

Cryptocurrency wallet Blockchain hires top Goldman Sachs exec to help it boost institutional clients

Blockchain, a cryptocurrency wallet service, has hired a former Goldman Sachs executive to help boost its presence with institutional clients. Breanne Madigan joined the firm this month, Blockchain announced Tuesday. She will take up the role as head of institutional sales and strategy.
China’s Bitmain Gets Approval for US Bitcoin Mining Operation

China’s Bitmain Gets Approval for US Bitcoin Mining Operation

Bitmain, Chinese cryptocurrency mining company, has been given a green light to set up a blockchain facility in Western Walla Walla County, a county in the U.S. state of Washington. Local newspaper Union-Bulletin wrote that the decision was in complete agreement of the three commissioners involved in the situation.
Cryptocurrency eos leaps past litecoin into fifth place by market cap

Cryptocurrency eos leaps past litecoin into fifth place by market cap

A cryptocurrency with ties to former hedge-fund manager Michael Novogratz has surged past litecoin into fifth place by market capitalization.
Golem Arrives: One of Ethereum's Most Ambitious Apps Is Finally Live

Golem Arrives: One of Ethereum's Most Ambitious Apps Is Finally Live

Wouldn't it be nice to make some extra cash while browsing social media? That's the promise of Golem, a peer-to-peer market for putting your computer's excess CPU power to use for other people. And today, after three years and 14 software implementations later, it's going live on the ethereum blockchain.
Like flu season, the 'infectious' spread of bitcoin could be over, Barclays says

Like flu season, the 'infectious' spread of bitcoin could be over, Barclays says

In order to value bitcoin and predict future prices, analysts at Barclays came up with a model that likens it to an infectious disease. Like flu season, the mania around cryptocurrency and subsequent price spikes could be coming to an end.
Bitcoin tanks below $7,000, down 6% in two hours

Bitcoin tanks below $7,000, down 6% in two hours

Bitcoin dropped more than 6 percent over two hours Monday, below $7,000 as the April tax-filing deadline approaches. The cryptocurrency hit a low of $6,646.07 as of 3:49 p.m. ET Monday, according to data from CoinDesk. Bitcoin prices have fallen more than 27 percent over the past month.
Bitcoin exchange Coinbase launches early-stage venture fund

Bitcoin exchange Coinbase launches early-stage venture fund

Popular cryptocurrency exchange Coinbase is launching a new incubator fund for early-stage start ups, the company announced Thursday. "We're going to invest off our balance sheet into crypto companies," Coinbase President and Chief Operating Officer Asiff Hirji told CNBC's "Fast Money" Thursday.
Mt Gox CEO: I Don't Want Bankrupt Bitcoin Exchange's Billions

Mt Gox CEO: I Don't Want Bankrupt Bitcoin Exchange's Billions

The former chief executive of what was once bitcoin's largest exchange has again apologized for his role in the company's 2014 collapse and demise into bankruptcy. In a Reddit post on Wednesday, Mark Karpeles issued a letter to the exchange's users, many of whom have been locked in a years-long ....
Bitcoin prices jump after Japanese online broker reportedly makes bid for a crypto exchange

Bitcoin prices jump after Japanese online broker reportedly makes bid for a crypto exchange

Bitcoin prices rose above $7,400 Tuesday after reports that Japanese online brokerage firm Monex Group is looking to take over recently hacked Japanese cryptocurrency exchange Coincheck.


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