As we hang out with family and friends this holiday season, it’s interesting to look back on the Bitcoin mania that we endured one Thanksgiving ago. Aunts and uncles asking about internet money as you passed the mashed potatoes while trying to explain the concept of decentralization in a way that made it seem like […]
View More Bitcoin sinks below $4,000 as the crypto market takes another hefty beatingCategory: Bitcoin
Overstock is officially pivoting to blockchain
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Overstock is getting out of ecommerce.
One of the internet’s earliest online retailers, Overstock, is preparing to sell off its entire ecommerce business in February according to its founder and CEO Patrick Byrne.
Overstock’s future? Cryptocurrency and blockchain startups.
Speaking to the Wall Street Journal, Byrne detailed his Overstock sale plans and discussed the company’s $175 million investment so far into its subsidiary Medici Ventures, which backs blockchain startups.
Overstock was founded in 1999 and initially focused on selling surplus, returned, and liquidated merchandise of all types. As of today, the company’s ecommerce focus has shifted to home decor, bedding, kitchen appliances, and jewelry. Read more…
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View More Overstock is officially pivoting to blockchainWTF is happening to crypto?
Four days ago the crypto markets were crashing hard. Now they’re crashing harder. Bitcoin, which hasn’t fallen past $6,000 for months, has dumped to $4,413.99 as of this morning, and nearly everything else is falling in unison. Ethereum, flying high at $700 a few months ago, is at $140. Coinbase, that bastion of crypto stability, […]
View More WTF is happening to crypto?A closer look at HTC’s blockchain phone, the Exodus 1
The Exodus 1 didn’t make its global debut on stage at TechCrunch Shenzhen. That was the plan, but stuff, as the saying goes, happens. It simply didn’t make its way from Hong Kong to China in time. I won’t lie, I was a bit suspicious of this latest turn of events. After month of teasing […]
View More A closer look at HTC’s blockchain phone, the Exodus 1Crypto’s black Wednesday: Where do we go from here?
Cryptocurrencies are notoriously volatile, but even seasoned traders were taken aback by the price action on Wednesday and Thursday.
Bitcoin is down roughly 15% compared to the day before and is trading at $5,380 on Coinbase at writing time. Et…
Bitcoin and the crypto market is once again crashing hard
It’s not been a pretty year for anyone who owns Bitcoin, but the last 24 hours has been a period to forget as the cryptocurrency dropped below $100 billion in market cap for the first time in more than a year. You have to go back to the end of October — the 29th to […]
View More Bitcoin and the crypto market is once again crashing hardBitcoin Cash is set to hard fork, and people are losing their cool
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Nothing says the future of finance like a good old-fashioned meltdown, and the upcoming bitcoin cash hard fork has that in spades. This is thanks, in no small part, to a man named Craig Wright.
Wright, derisively known as “Faketoshi” for his dubious claim that he is in fact Bitcoin creator Satoshi Nakamoto, has gone on a strange rant in support of his version of Bitcoin Cash’s (BCH) future known as Bitcoin SV (Satoshi’s Vision).
Deep into a rambling, multi-day tweet bender, Wright has taken it upon himself to spew invective at anyone he believes threatens his plans for Bitcoin SV — especially those defending the Roger Ver-backed rival project Bitcoin ABC. Read more…
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Hublot’s new watch is a perfect fit for Bitcoin millionaires
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Here’s something you can proudly wear to you next cryptocurrency yacht cruise.
Swiss luxury watch maker Hublot is celebrating the 10th birthday of Satoshi Nakamoto’s Bitcoin whitepaper with a watch that screams “Bitcoin.”
The Hublot Big Bang Meca-10 P2P, as it’s unironically called, is a 45mm wristwatch with a case made out of microblasted and polished black ceramic, with a skeleton dial (meaning you can see the watch’s innards) and 10ATM water resistance.
The movement is automatic — Hublot’s own HUB1201 — and the watch has a 10-day power reserve. Read more…
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View More Hublot’s new watch is a perfect fit for Bitcoin millionairesSatoshi Nakamoto’s Bitcoin whitepaper turns 10
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On Oct. 31, 2008 an unknown person or group of people known by the pseudonym Satoshi Nakamoto published a paper called “Bitcoin: A Peer-to-Peer Electronic Cash System.”
Ten years later, we still don’t know the true identity of Satoshi Nakamoto, but pretty much everyone knows about Bitcoin.
Bitcoin has had plenty of good days and plenty of bad days in the last decade. Its price has reached crazy heights (nearly $20,000 at its peak in Dec. 2017), and fallen into the gutter — numerous times. It’s been lauded as the future of money, and it’s been called a pyramid scheme and a fraud. And while it hasn’t fulfilled the lofty of promises made by its evangelists yet, ten years after its inception it still endures. Read more…
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Coinbase is now worth more than all but three cryptocurrencies
With its shiny new $8 billion valuation, Coinbase is now worth more than all but the top three cryptocurrencies that trade on the platform. That’s right, the only cryptocurrency assets that are worth more than the platform that trades them are Bitcoin, Ethereum and Ripple. Bitcoin Cash, the currency forked from Bitcoin, is a distant […]
View More Coinbase is now worth more than all but three cryptocurrenciesEven walking Bitconnect meme Carlos Matos is now calling bitcoin a scam
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You know you’re in trouble when you’ve lost Carlos Matos.
The walking meme made famous by his unbridled enthusiasm for Bitconnect, a cryptocurrency project strongly resembling a Ponzi scheme that shut down its lending and exchange platform in January, is now here to offer some measured words of caution. Namely, stay the hell away from bitcoin.
“Bitcoin Is A Scam,” he tweeted on October 26. “Sell Everything It’s NEVER Going Back Up”
Bitcoin Is A Scam. Sell Everything It’s NEVER Going Back Up
— Carlos Matos (@CarlosMatos80) October 26, 2018
Matos, of course, is best known for promoting a likely scam himself. He launched into meme infamy in October of 2017 after a video of him singing Bitconnect’s praises went viral. Read more…
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View More Even walking Bitconnect meme Carlos Matos is now calling bitcoin a scamAs Tether flails, cryptocurrency exchanges launch rival stablecoins
The promise of Tether, the digital currency pegged 1:1 to the US dollar, was that it could provide the benefits of a cryptocurrency while providing a fiat -backed peg against price fluctuations. But the currency has fallen below the $1 in recent weeks, right as a range of competing currencies are becoming available to meet […]
View More As Tether flails, cryptocurrency exchanges launch rival stablecoins