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Monday, December 16, 2019
There’s a huge issue with Facebook’s Libra cryptocurrency

There’s a huge issue with Facebook’s Libra cryptocurrency

Getty / Aurich Lawson Mark Zuckerberg is known for his boundless ambition. He's had a longstanding fascination with Caesar Augustus, the Roman emperor who (in Zuckerberg's words) "established 200 years of world peace." So having conquered social networking, Zuckerberg has his eyes on something bigger: reshaping the global financial system. Payment services from┬árivals like Apple…
Computer system from NASA’s Apollo program reprogrammed to mine bitcoin

Computer system from NASA’s Apollo program reprogrammed to mine bitcoin

Enlarge / DSKY unit of the Apollo Guidance Computer in the National Air and Space Museum. Shirriff used a different unit that belongs to a private collector. Among the many technological breakthroughs of NASA's Apollo project to land a man on the Moon was the Apollo Guidance Computer that flew onboard Apollo spacecraft. In an…
Bitcoin skyrockets past $12,500 5 days after striking $10,000

Bitcoin skyrockets past $12,500 5 days after striking $10,000

NASA/Bill Ingalls Bitcoin has risen above $12,500, its highest level in 2019. The new milestone comes just five days after bitcoin rose above $10,000. Bitcoin's value has risen by almost a factor of four since last December, when the price bottomed out around $3,200. Bitcoin's price is still well below the all-time high of around…
Bitcoin is trading above $10,000 for the very first time in over a year following Facebook’s cryptocurrency statement and strong 2019 development

Bitcoin is trading above $10,000 for the very first time in...

The price of a single bitcoin exceeded $10,000 for the first time since March 2018 on Friday, according to CoinDesk. The milestone followed Facebook's June 18 announcement that it will introduce a digital currency, Libra, and an app, Calibra, that will allow users to send and receive the currency and use it to make purchases…
Bitcoin is rising and simply crossed the $10,000 mark

Bitcoin is rising and simply crossed the $10,000 mark

Reuters / Charles Platiau Bitcoin surged past $10,000 on Friday evening. The milestone marks bitcoin's recovery to more than half of its all-time high. The promise of interest-rate cuts, rising US-Iran tensions, the US-China trade war, and wider interest in cryptocurrencies could be driving the surge. Watch bitcoin trade live. Bitcoin surged more than 5%…
Bitcoin increases above $10,000 for the very first time in a year

Bitcoin increases above $10,000 for the very first time in a...

Peter KovalevTASS via Getty Images Bitcoin's price has soared above $10,000 for the first time since early 2018, a new milestone in the virtual currency's latest comeback. The price has more than tripled since hitting rock-bottom last December around $3,200. That was after crashing from an all-time high around $19,500 in December 2017. As always,…
Phony cryptocurrency apps on Google Play attempt to benefit on bitcoin rate rise

Phony cryptocurrency apps on Google Play attempt to benefit on bitcoin...

Google's official Play Store has been caught hosting malicious apps that targeted Android users with an interest in cryptocurrencies, researchers reported on Thursday. In all, researchers with security provider ESET recently discovered two fraudulent digital wallets. The first, called Coin Wallet, let users create wallets for a host of different cryptocurrencies. While Coin Wallet purported…
It took simply 5 days for bitcoin to increase from $6,000 to $8,000

It took simply 5 days for bitcoin to increase from $6,000...

Last Wednesday we reported that bitcoin had risen to $6,000 for the first time this year. On Monday, just five days later, bitcoin reached a new 2019 high of $8,000. As I write this, one bitcoin is worth about $7,900. Of course, bitcoin reached much higher levels in late 2017 and early 2018. Bitcoin's current…
Bitcoin deserves $6,000 for the very first time this year

Bitcoin deserves $6,000 for the very first time this year

Peter KovalevTASS via Getty Images Last year was a brutal one for holders of bitcoin. The price fell from its all-time high of $19,500 in December 2017 to a low of $3,100 a year later. Then the price mostly languished between $3,000 and $4,000 in the early months of 2019. But recently bitcoin has been…
The leading “stablecoin” is no longer backed by $1 for each coin

The leading “stablecoin” is no longer backed by $1 for each...

A New York judge has ordered Bitfinex, a cryptocurrency exchange that shares a parent company with the "stablecoin" Tether, to turn over a bunch of documents to New York Attorney General Letitia James. James announced the order in a Thursday press release. She also unsealed her office's┬álegal filings requesting the order. Those documents suggest that…

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