bitcoin

This morning an incident occurred that sent an apparent $7.4-million USD worth of cryptocurrency Ethereum to a malicious entity. This was more than likely a hacker who laid dormant with backend control over the website from whens the coin was stolen - until this morning. As a rather sizeable ICO (Initial Coin Offering) opened its doors for investors, this hacker changed the website's target wallet. And boom! This secret wallet was full of $7.4-million USD worth of $ETH.

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Earlier this year Mark Cuban said that Bitcoin was a bubble - and the price of Bitcoin fell significantly immediately thereafter. The price of Bitcoin returned to basically the same price it'd been before Cuban spoke - then went higher. Since then, it seems, Cuban decided that cryptocurrency isn't as bad an idea as he recently thought - and is participating in his first ICO.

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It would appear that one of the biggest names in PC hardware has joined the Cryptocurrency universe with their own mining-friendly graphics cards. ASUS Mining RX 470 and Mining P106 both use NVIDIA GeForce GTX technology to run as efficiently as possible to mine the most cryptocoin for the smallest cost. These cards are "engineered especially for coin mining" and are made to roll with "maximum mega hash rates at minimum cost." UPDATE: A few Sapphire cards have appeared as well, each with AMD Radeon technology inside.

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The cryptocoin system known as Ethereum crashed in the middle of the day yesterday due to a single mega-massive trade. While the ticker showed a relatively significant drop in price throughout the day, it was at 12:30PM (on the 21st of June) that a single order kicked the entirety of the Ethereum universe in the pants. Not on all exchanges - not all at once - but the shockwaves were swift and merciless.

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Over the past 24 hours, the cryptocurrency known as PotCoin, or $POT, has risen over 81-percent. That's nuts - and it doesn't just happen because a lot of investors suddenly happened upon the little-known coin. The reason PotCoin is suddenly cashing in in a big way has very little to do with its first sponsorship of an American peace-brokering mission with a foreign entity. PotCoin just sent Dennis Rodman to North Korea.

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Investors in Ethereum have seen massive rises in price over the past month - but that's all going to end soon. I'm not certain, of course - nobody can know absolutely what's going to happen in any market, cryptocoin or otherwise. But what I'm seeing and what I'm hearing is that a coin that went from around $240 to nearly $400 in a month isn't going to stick there for long. Not because of investors getting jumpy, necessarily, but because of the reasons for the rise.

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This morning it became apparent that the cryptocoin called DigiByte ($DGB) was set to skyrocket in price. In the past 24 hours, the price of the coin went up a cool 43%, and beat its own previous top price (from May 21st) - once, and hasn't looked back since. But why - why has DigiByte suddenly turned into the third most traded coin on the market overnight? We've got a few answers.

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While Friday is generally a profit taking sort of day for stock markets around the world, Bitcoin seems to be moving in the opposite direction. This adds up, of course, since here in the warmer months of 2017, many traders in the cryptocurrency make use of Bitcoin as their trading currency, choosing to value their quick-trade coins in the slightly more reliable value of the most famous of them all. Bitcoin rose a wild 9.8% in early morning trading to around $2,550 a coin.

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A single Bitcoin is currently worth more than an ounce of gold, marking a new milestone for the cryptocurrency. The move follows a steady rise in Bitcoin value, a trend that itself ended the cryptocurrency's long-running streak of low value throughout 2015 and part of 2016. At the moment, an ounce of gold is worth just under $1,238 and a single Bitcoin is worth just a tad over $1,238.

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Bitcoin’s value is slowing climbing, and has exceeded the $1,000/ea valuation for the first time in about three years. The so-called cryptocurrency saw its value peak — and then crash — in 2014, and though the price has been relatively stable since, the yearly trend shows its value climbing. The currency is largely used for online purchases in which anonymity is important, though it is increasingly being accepted by mainstream retailers, too.

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The first time we talked about a man called Craig Wright and his alleged ties to the cryptocurrency Bitcoin was in December 2015 when word surfaced that Australian police had raided a home that he and his wife had rented. Apparently, Wright and his wife had already moved and the raid reportedly had something to do with missed tax payments, not Bitcoin. Fast forward, several months and Wright has now publically identified himself as the creator of Bitcoin known as Satoshi Nakamoto.

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If you're a fan of cryptocurrencies and also partake in buying PC games from Steam, you're now in luck. Valve's game marketplace platform now accepts Bitcoin as a form of payment, meaning you have another option for spending all your extra money on the next Steam sale. Valve sought out Bitpay, a leading Bitcoin payment processing service, with a goal of making the Steam marketplace easier to shop in several emerging markets.

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