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Wednesday, December 8, 2021
Thursday, October 7, 2021
The SEC just approved the closest thing to a US bitcoin ETF you can buy, for now
- The US SEC has approved an ETF that tracks stocks with significant exposure to bitcoin.
- These firms hold a majority of their net assets in bitcoin or derive a majority of their profit or revenue from bitcoin-related activities.
- The actively-managed fund, Volt Crypto Industry Revolution and Tech ETF, was approved on October 5.
Thursday, February 15, 2018
Bitcoin is 'noxious poison', says Warren Buffett investment chief
Billionaire vice-chair of Berkshire Hathaway calls for crackdown on ‘asinine’ cryptocurrency
Bitcoin is heading towards $10,000 again, despite comments from the US billionaire Charles Munger who described the digital currency as “noxious poison”.
Munger, the vice-chairman of Warren Buffett’s investment firm Berkshire Hathaway, said he considered the bitcoin craze to be “totally asinine”.
Speaking at the annual meeting of the US publishing firm Daily Journal, which he chairs, in Los Angeles on Wednesday, Munger said: “I never considered for one second having anything to do with it. I detested it the moment it was raised. It’s just disgusting. Bitcoin is noxious poison.”
Bitcoin is rising towards $10,000, a level it has not seen since 1 February. It hit $9,977 earlier on Thursday and is now trading at around $9,580, up nearly 1%.
Munger called for a government crackdown on the cryptocurrency, similar to the one in China, saying: “Our government’s more lax approach to it is wrong. The right answer to something like that is to step on it hard.
Bitcoin is heading towards $10,000 again, despite comments from the US billionaire Charles Munger who described the digital currency as “noxious poison”.
Munger, the vice-chairman of Warren Buffett’s investment firm Berkshire Hathaway, said he considered the bitcoin craze to be “totally asinine”.
Speaking at the annual meeting of the US publishing firm Daily Journal, which he chairs, in Los Angeles on Wednesday, Munger said: “I never considered for one second having anything to do with it. I detested it the moment it was raised. It’s just disgusting. Bitcoin is noxious poison.”
Bitcoin is rising towards $10,000, a level it has not seen since 1 February. It hit $9,977 earlier on Thursday and is now trading at around $9,580, up nearly 1%.
Munger called for a government crackdown on the cryptocurrency, similar to the one in China, saying: “Our government’s more lax approach to it is wrong. The right answer to something like that is to step on it hard.
Wednesday, February 14, 2018
Fork Confusion Propels Litecoin to 1-Month High Above $200
The cryptocurrency was last seen changing hands at $216, a one-month high, according to data service CoinMarketCap. Overall, LTC has appreciated by 33 percent in the last 24 hours, up over 100 percent from the Feb. 6 low of $106.94. Further, with the move, litecoin's market capitalization has jumped above $10 billion for the first time since Jan. 29.
Still, the reasons for the move may give investors pause.
LTC appears to be edging higher due to news of an upcoming fork called "Litecoin Cash," which is promising new tokens to existing holders at block 1,371,111. For every 1 LTC held at block 1,371,111, holders will receive 10 "LCC," according to the official website.
However, there is a notable contingent that is warning about the new cryptocurrency.
Litecoin founder creator Charlie Lee and the litecoin community have dismissed the project, calling it a "scam" meant to confuse litecoin owners. Bitcoin similarly boomed on the release of a rival blockchain called bitcoin cash last year, though there were perhaps more stark differences between the two technologies, both propelled by competing ideologies.
Closer analysis shows the LTC price increase has been bolstered by strong volumes from Coinbase's GDAX exchange, a sign less-savvy consumers may be active in the market.
However, questions about the fork aside, technical charts indicate the news may be enough to extend a rally in the flagging market.
Bitcoin Sees Bull Reversal Ahead of Chinese New Year
Bitcoin looks set to test the $10,000 mark soon, as per technical
analysis, although some investors fear the Lunar New Year may play
spoilsport.
Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC) tends to drop in the run-up to the event.
Boosting such fears this year is bitcoin's (BTC) recent inability to move above $9,000 in a convincing manner. Since Feb. 10, the cryptocurrency has been restricted to a narrow range of $8,000 to $9,000,
Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC) tends to drop in the run-up to the event.
Boosting such fears this year is bitcoin's (BTC) recent inability to move above $9,000 in a convincing manner. Since Feb. 10, the cryptocurrency has been restricted to a narrow range of $8,000 to $9,000,
Sunday, February 11, 2018
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Saturday, February 10, 2018
CGMiner
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- multi GPU support
- CPU mining support
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