Hedge Fund Founder Invests 10% Net Worth into Bitcoin and Ether

Hedge Fund Founder Invests 10% Net Worth into Bitcoin and Ether

The founder of Fortress Investment Group claims to have invested 10% of his overall net worth into cryptocurrencies. Speaking at a Harvard Business School forum on Wednesday, Fortress Investment Group founder Michael Novogratz discussed his outlook on blockchain and...
Traders Raise Concern as Biggest Bitcoin Exchange Halts Deposits

Traders Raise Concern as Biggest Bitcoin Exchange Halts Deposits

An announcement by one of the world’s largest bitcoin exchanges has stoked fears another Mt Gox-style meltdown may be brewing. The largest bitcoin exchange by US dollar volume in recent weeks, Bitfinex revealed today it will be unable to accept incoming wires...
Did One Tweet Make Litecoin’s Price Drop 20%?

Did One Tweet Make Litecoin’s Price Drop 20%?

Litecoin prices fell roughly 20% in less than 24 hours, and the culprit is apparently a single tweet. The digital currency declined to as little as $9.19 at 12:29 UTC today, after reaching a high of $11.45 yesterday. According to data source Coinmarketcap, this...
Litecoin Price Nears Two-Year High As SegWit Hopes Rise

Litecoin Price Nears Two-Year High As SegWit Hopes Rise

Litecoin prices continued a recent rally today, pushing the digital currency to its highest value in more than one year. Far from a standard cryptocurrency pump, however, the market appears to be responding strongly to its technical roadmap. Namely, the increase comes...
Ripple Prices Rise to Hit 2-Year High

Ripple Prices Rise to Hit 2-Year High

The price of XRP, the cryptocurrency underlying the Ripple network, hit a two-year high earlier today. XRP rose to as much as $0.021 at 04:05 UTC, according to data from CoinMarketCap, representing a more than 100% gain over the last 24 hours and the highest level...
Litecoin Prices Jump 70% as Market Cap Adds Over $100 Million

Litecoin Prices Jump 70% as Market Cap Adds Over $100 Million

Litecoin prices surged nearly 70% today, ending months of stagnant market activity. Prices for the alternative cryptocurrency rose to as much as $7.04 on CoinMarketCap, compared to $4.18 at the start of trading – a rise of about 68%. According to the data, most of the...
Bitcoin Traders Disagree on Where the Market is Headed

Bitcoin Traders Disagree on Where the Market is Headed

The path forward for bitcoin prices isn’t clear, market analysts say. While some described the market to CoinDesk as bearish overall, other observers offered a more optimistic stance about the prospects for future price developments. Their input comes as bitcoin...
Bitcoin Rebounds From Two-Month Low to Top $1,000

Bitcoin Rebounds From Two-Month Low to Top $1,000

After falling to their lowest level in more than two months this weekend, bitcoin prices breached $1,000 again today. Overall, the digital currency rose as much as 7.5% during the session, climbing from a low of $958.77 to as much as $1,030.78, according to the...
Bitcoin Support Weakens As Price Drops Below $1,000

Bitcoin Support Weakens As Price Drops Below $1,000

Bitcoin prices fell below $1,000 this morning as support for the digital currency waned. Prices had hit a low of $969.35 by the time of reporting, having started the session at an average of $1,029.95, CoinDesk Bitcoin Price Index (BPI) data indicates. At press time,...
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