With stock markets touching new highs globally and the US Fed increasing interest rates we can see much more doomsday prediction going forward.
Bitcoin was quoted at $16,390 on the Luxembourg-based Bitstamp exchange, down half a percent or $80 from its previous close.
Though, on an average, 12.5 bitcoins are being added to the supply but this will not be constant. By design, at some point in future, the generation of anymore bitcoins will not be practically feasible
Bitcoins could be a thing of past if India develops its own cryptocurrency – ‘Indicoin’ which could even surpass the current market capitalization of Bitcoin, Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company said.
Bitcoin futures were already offered on some unregulated cryptocurrency exchanges outside the US, but backers said this US market debut would confer greater legitimacy on the volatile cryptocurrency and lead to wider use.
The one-month contract, the most-traded on the Chicago-based CBOE Global Markets exchange, opened at $15,850 on Sunday night - a gain of 21 percent.
A number of Indians, who are trading in Bitcoin, are reportedly rushing to sell their holdings amidst anticipation on returns from cryptocurrency-trading being taxed.
Bitcoin which has not much of a value five years back is trading at over Rs 10 lakh per bitcoin in cryptocurrency exchanges
The most-traded contract on the Chicago-based CBOE Global Markets exchange opened at $15,460 in New York on Sunday evening, before leaping to a high of $18,700 - a gain of 21 percent. They were last quoted at $17,550 a premium of more than $1,600 to the price on Gemini Exchange.
The January contract opened at $15,460 in New York on Sunday evening, before leaping to a high of $17,170 during Asian hours. They were last quoted at $17,120, a more than $1,000 premium to the price on Gemini Exchange.
While some market participants are excited about a regulated way to bet on or hedge against moves in bitcoin, others caution that risks remain for investors and possibly even the clearing organizations underpinning the trades.
In a hectic day on Thursday, bitcoin leapt from below $16,000 to $19,500 in less than an hour on the US-based GDAX, one of the biggest exchanges globally.
Blockchain is technology of tomorrow; Bitcoin euphoria may not last a few years. However, it is essential that entrepreneurs should begin to adopt and build on the new technology.
Bitcoin developer Sergio Lerner estimates that almost 1 million unspent bitcoins belong to the cryptocurrency’s mysterious creator...
The Solvenia based company has been active since 2014 and handed out over a billion dollars in payment to its customers, the founders said
Bitcoin's story in India has been punctuated by cautions from the apex bank and finance ministry. They have become more frequent now when prices have touched meteoric heights
The bitcoins were worth USD 500 million when they were seized in May.
In trading on the Coinbase exchange, the digital currency hit a high of $19,340 before falling more than 20 percent from that level to $15,198.63. At 4:08 p.m. New York time, the cryptocurrency traded at $16,362.99. The price on Coinbase is often at a premium over other exchanges. Coinbase is one of the major cryptocurrency exchanges accounting for a third of bitcoin trading volume.
The digital currency's latest swing higher comes after a 20 percent plunge last week.
Bitcoin rocketed past USD 15,000 for the first time on Thursday, in less than 24 hours after it crossed USD 14,000 mark.
The landmark happened on the Coinbase exchange just before 6 p.m. ET, and it traded as high as $14,400 on that platform.
The market cap of Ethereum — the second most valued cryptocurrency is smaller than just four Indian companies—Reliance Industries, TCS, HDFC Bank and ITC
Each coin is now worth more than USD 11,413.46 as on Monday morning. The value of their investment would have reached around USD 1.046 billion yesterday.
Bitcoin dipped back under USD 11,000 on Monday, coming off a record high just shy of USD 11,800 it hit on Sunday after a surge from less than USD 1,000 at the start of the year.
The world's largest futures exchange, CME, announces it has completed self-certification with the Commodity Futures Trading Commission to launch its bitcoin futures contract on December 18.