Tag Archives: digital currency
South Korea to dispose $500K worth of seized bitcoin in public auction
June 22, 2017Following in the footsteps of the United States, the South Korean government has announced that it will auction 216 bitcoins that it confiscated in 2016. The cache of digital currency, currently worth close to $600,000, was seized by members of the South Gyeonggi Provincial Police Agency, who arrested a 33-year-old...
Bitcoin tops $2,100 as global demand for digital money rises May 22, 2017Bitcoin is on a path to prove its doubters wrong. And being associated with criminal activity has not stopped the popular digital currency from seeing a stunning rally this year. After powering through the $2,000 barrier over the weekend, bitcoin traded as high as $2,134.86 in the early trading hours...
Bitcoin rebounds from two-month low as traders turn to other digital currencies March 28, 2017The price of bitcoin is back above $1,000 level after falling to its lowest level in more than two months. Bitcoin traded under $1,000 from Friday morning until Monday afternoon, and even fell beneath $900 on Saturday—a huge drop for the popular digital currency, which hit a fresh all-time high...
Bitgame Labs CEO: Volatility no longer a key issue with bitcoin March 23, 2017Bitcoin opens the door to many opportunities that did not exist before it was created. Yet, the digital currency has yet to convince some investors who remain unconvinced about its potential as an alternative currency. One reason for the skepticism surrounding bitcoin is its volatility. The digital currency, as we...
Bitcoin’s price crashes as it braces for an ugly split March 20, 2017Bitcoin lost more than 20 percent of its value over the weekend as a growing split among developers threaten to break the digital currency in two. The popular digital currency reached a low $988 during Sunday’s trading—a huge drop from last week’s high of $1,259—as the debate among bitcoin developers...
Lawmaker wants to give Texas residents right to own, use bitcoin March 7, 2017Some areas in the United States may have been tightening their policies over the use of digital currencies, but there are those who want to look after the bitcoin users in their state. Take Texas for example. Last week, a lawmaker proposed a constitutional amendment seeking to protect the right...
