Bitcoin fell to as low as $6,178 at Bitstamp exchange
Bitcoin now accounts for around 60% of the $240 billion crypto market, down from nearly 90% just over two years ago. That fading dominance reflects tough times for the original cryptocurrency since its late 2017 apex.
There is no real fundamental explanation as to why bitcoin, the original cryptocurrency, hit a 10-month high on Monday.
The quintessential cryptocurrency has gone through a tumultuous phase since hitting a record high of over $19,000 in December 2017, before crashing to a low of nearly $3,100, a year later, in December 2018. However, it has recovered since then, albeit slowly.
The exchange said that its Secure Asset Fund for Users will cover all losses and no user funds will be affected by the breach
On the question that if he would get involved in blockchain related projects, Buffett said there was no such plan
Other major cryptocurrencies such as ethereum and Ripple's XRP, their prices often seen as correlated to bitcoin, also moved higher.
Musk is not the only top executive of a company to see potential with Bitcoin.
Drivers could also earn rewards if the car participates in a ride-sharing program, Jaguar said. The tokens earned could be used to pay for tolls, parking and charging for electric cars.
Cryptocurrencies are based on blockchain technology and there are concerns about its viability in the long-term and risk to investors, especially considering steep fluctuations in the prices.
The government had formed a panel under Finance Secretary Subhash Chandra Garg to draft regulations for cryptocurrencies last year.
The South Korean conglomerate took its first step in the blockchain space after they rolled out their latest flagship, the Galaxy S10, with functionality to support blockchain-based digital signatures and the ability to store cryptocurrency private keys
The news is in stark contrast to his investing acumen, which first came to light when Son's $20 million bet on Alibaba rose to a value of more than $100 billion.
The original and biggest virtual coin climbed as much as 4.5 percent in early trading to top $5,600 briefly, touching its highest since November 18.
The company is expected to move its native token, Binance Coin (BNB), to the newly launched blockchain platform.
Reports suggest that Harvard Management and two other investors have already purchased around 95.8 million of tokens valued at about $11.5 million.
Cryptojacking is one of the worst forms of malware attacks and is quite difficult to detect.
It had surged over 13 percent on April 2. At some exchanges, it even crossed $5,000 mark
The gain was not restricted to bitcoin. Other cryptocurrencies have also surged during the day. Ethereum and XRP (Ripple) were up 5 percent each, EOS was up over 8 percent, and Litecoin surged over 10 percent
Bitcoin experienced astonishing growth in 2017 to peak at a record $19,500 by the end of that year.
GDF is the industry membership body that promotes the adoption of best practices and conduct standards for cryptoassets and digital finance technologies.
Cryptocurrency market cap fell nearly 85 percent through 2018 after its peak at the start of the year, but the number of blockchain wallets users during this period went up
Neutrino’s technology will aid the crypto exchange to investigate and prevent cybercrimes.
Bitcoin, the original cryptocurrency, has dropped more than 80 percent since hitting an all-time high of nearly $20,000 in December 2017.
Experts are more interested in various applications of blockchain, bitcoin's underlying technology, rather than bitcoin itself.