bitcoin news

crypto currency mining

Nvidia: Crypto Mining Sales More Than Expectations

Nvidia’s GPU products continued to see strong demand from cryptocurrency miners in Q4, the company’s CFO said on an earnings call Thursday. Issuing the remarks as the company unveiled its fourth-quarter earnings for 2017, Colette Kress said the company banked $2.91 billion in revenue during that period, an increase of more than 34% compared to […]

us marshals bitcoin auction

US Marshals Auction $30 Million in Bitcoin

US Marshals Auction $30 Million in Bitcoin The U.S. Marshals Service confirmed Thursday that more than 3,600 bitcoin sold at auction in January have been successfully transferred to five winning bidders. An unknown winner received 1,600 bitcoin (worth about $13.4 million at press time), the agency confirmed in an email today, with the remaining buyers […]

india bitcoin crackdown

India to Crackdown on Bitcoin, Cryptocurrency Usage

Presenting the country’s budget plan for 2018 today, Indian finance Minister doubled down on refusing to recognize cryptocurrencies like bitcoin as legal tender amid talk of a wider crackdown on their usage. Speaking at the Indian Parliament while presenting the Union Budget 2018-19 today, India’s finance minister Arun Jaitley said: “The Government does not consider […]

bitcoin crash

Scenarios That Could Cause the Price of Bitcoin to Tumble

In 2017, Bitcoin gained nearly 14,000% making the digital currency the story of the year. But its ascent to the top of the cryptocurrency market is not without risks. Bitcoin’s market dominance has fallen from a lofty 85% in January 2017 to 38% at the end of 2017, reflecting investors’ uneasiness about placing all their […]

Bitcoin Huge Crashes

Bitcoin is known for its wild swings. A few Days Back, it dropped under $10,000… a fall of around 50% from its December highs. It’s since recovered some, but that is a serious drop. In bitcoin’s history… 50% drops are not uncommon. Crash #1: In 2013, it dropped from $233 to $67 in a single […]

bitcoin falling

Bitcoin Could Fall to $1000 – Wall Street Analyst

Bitcoin’s well-documented plunge of the past month could just be a precursor of what’s to come, according to one well-respected Wall Street veteran. Peter Boockvar, chief investment officer at Bleakley Advisory Group, says the cryptocurrency could fall as much as 90%, taking it back to levels it hasn’t seen since Feb. 2017, when prices began […]