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  • In one chart, here's how much it costs to mine bitcoin in your state December 15, 2017
    According to a new analysis compiled by the Crescent Electric Supply Company, Louisiana could be the most appealing state in the country, based on one unusual metric. Why? It's cheaper to mine bitcoin there than in any other state in the U.S., based on the different electricity rates in different regions ...
  • A guide to paying taxes on bitcoin investments December 15, 2017
    Making money on bitcoin, ethereum, and scores of other cryptoassets has been remarkably easy this year. But in the US, paying taxes on those gains could be a lot more complicated. Transactions that are routine to experienced crypto enthusiasts—like hard forks, or swapping between coins at the tap of ...
  • Ripple Zooms Past Bitcoin Cash And Becomes Third Biggest Cryptocurrency December 15, 2017
    Ripple is now the third biggest cryptocurrency, thanks to its surging prices. At 17:51 UTC, Ripple was trading at $0.78, up 4% in the last 24 hours. Yesterday its price shot up to as much as $0.89 before paring back its gains. Ripple's market capitalization is $4.7 billion, as of this writing. Bitcoin Cash is ...
  • Five myths about bitcoin December 15, 2017
    This month, bitcoin, the digital currency launched by Satoshi Nakamoto in 2009, hit a record price of $17,428.42 per coin. It got its own futures market at a traditional brokerage firm, and it even earned a joke in a recent "Saturday Night Live" sketch. Perhaps because of its complicated technical design, ...
  • 16.3 million Americans buy and sell bitcoin frequently December 15, 2017
    Cboe's bitcoin futures are on track for a stellar first week, the CME will launch its own contract Monday and Nasdaq plans to do the same next year. Still, 74% of adults have never used the digital asset at all, according to a new Morning Consult survey. Meanwhile, 5% of Americans — roughly 16.3 million ...
  • Venezuela to Regulate Bitcoin Mining December 15, 2017
    According to local sources, the government of Venezuela is scheduled to launch an online registry for Bitcoin miners by Dec. 22. All Bitcoin miners in the country will be required to sign up. The registry is the first step in the development of a full legal framework to tax and regulate cryptocurrency mining in ...
  • DFW's Bitcoin faithful ride the wave and urge newbies to look past the price spikes December 15, 2017
    More than four dozen professionals, gathered recently at a meeting Constantinesco convened, were in animated chatter about bitcoin — the world's most popular digital currency. It was a stark contrast from the event's early days way back in 2015. Then, often the only person who would listen to his ...
  • THE BOTTOM LINE: Top strategist disses bitcoin as 'Bitcon' and says it meets all 5 criteria of a ... December 15, 2017
    As I have said for more than four years, bitcoin is the perfect asset for a speculative bubble. There's a finite supply of it. It has no intrinsic value, which means it can be worth literally anything. And it does have a functional utility. (It allows people to pay for stuff and transact with each […]
  • Feds Rush to Cash in on Seized Bitcoin Cache Before the Bubble Bursts December 15, 2017
    The US government seized more than 513 bitcoins and 512 Bitcoin Cash from Aaron Shamo last year after arresting him for selling synthetic pharmaceuticals containing fentanyl on dark net markets. Shamo was also busted with 500,000 pills and $1 million in cash stuffed into trash bags, according to ...
  • Five myths about bitcoin December 15, 2017
    Bitcoin has been described, per the title of one book, as “digital gold,” because it is supposedly impossible to create more than the 21 million units already planned for circulation. This past week Goldman Sachs published a research report stating that “bitcoin has a mathematically certain total supply.
  • Long Island Woman Charged With Using Bitcoin To Launder Money To Support ISIS December 15, 2017
    A woman in Long Island, N.Y., has been arrested and charged with using Bitcoin to transfer more than $85,000 in stolen funds to support the Islamic State. Zoobia Shahnaz, 27, is charged with bank fraud, conspiracy to commit money laundering and three counts of money laundering, according to a ...
  • Another Major Agency Wants to Regulate Bitcoin Because it's Growing So Fast December 15, 2017
    Bitcoin's meteoric rise has moved it out of the shadows of finance. The latest sign that it's becoming part of the mainstream came Friday when a key U.S. agency proposed that trading be regulated much like other commodities. Specifically, the Commodity Futures Trading Commission made clear to ...
  • Bitcoin Proxies Outperformed the Digital Currency Itself This Week December 15, 2017
    Bitcoin-related stocks, often seen as a safer bet than the volatile cryptocurrency, have outperformed the digital token since Monday, after a dose of optimism brought on by its futures debut on the Cboe exchange spurred a crypto feeding frenzy. The Bitcoin Investment Trust surged 54 percent this week, ...
  • Bitcoin Price Weekly Review: Altcoin Rally, $500B Market Cap and Bubble Talk December 15, 2017
    Altcoins upstaged bitcoin this week, as traders shifted funds around in search of additional gains within the cryptocurrency ecosystem. The coins racked up price increases without significant announcements or updates. (See also: Bitcoin Takes Backseat As Altcoins Rally.) Three cryptocurrencies ...
  • Former Botmaster, 'Darkode' Founder is CTO of Hacked Bitcoin Mining Firm 'NiceHash' December 15, 2017
    On Dec. 6, 2017, approximately USD $52 million worth of Bitcoin mysteriously disappeared from the coffers of NiceHash, a Slovenian company that lets users sell their computing power to help others mine virtual currencies. As the investigation into the heist nears the end of its second week, many ...
  • The Federal Government Is Starting to Cash In Millions of Seized Bitcoin December 15, 2017
    A federal judge in Utah has given federal authorities permission to sell its cache of seized Bitcoins, which have a current value of over $9 million. (Feds were also cleared to sell Bitcoin Cash that was seized, which add just under $1 million to the pot.) The digital currency in question, at one time, ...
  • Buying Bitcoin with Debt Stinks of Bubbles December 15, 2017
    Joseph Borg, president of the North American Securities Administrators Association, explained how he had seen people putting their houses for mortgage in order to buy Bitcoin in a frenzy of not wanting to miss out. It is a worrying trend, as these decisions are foolhardy to say the least, but moreso, they ...
  • Japanese company will pay part of workers' salaries in Bitcoin December 15, 2017
    Employees at a Japanese firm will soon be able to receive part of their salary in Bitcoin, if they're feeling brave enough. GMO Internet, which offers a range of web-related services including a Bitcoin exchange, will pay workers up to 100,000 yen (about $890) starting in February. "Employees can receive ...
  • Bitcoin Futures Jump Above $18000 Ahead Of CME's Launch December 15, 2017
    The cryptocurrency Bitcoin shot up nearly 8% Friday morning on Cboe Global Markets (CBOE), as investors await the launch of CME Group's (CME) Bitcoin futures on Monday. X CBOE's Bitcoin futures contracts, which began trading on Sunday, were up 7.7% to $18,090. Bitcoin's spot price was ...
  • Hollywood gears up for 'Bitcoin' movies December 15, 2017
    Filmmaker Christian Cashmir is in pre-production for his feature film debut, “Bitcoin,” a comedy about two down-and-out brothers in Arizona who stumble across a Bitcoin wallet worth $20 million and try to sell it on the black market. “Bitcoin” is produced by up-and-coming indie producer Lauren Cribb and ...