After two warnings to investors (but no bans) from the SEC on ICOs, alt-coins like Ethereum and Litecoin have exploded higher in the last 24-48 hours, pushing the former over $60 billion market cap – bigger than GM and Aetna.
In an interview with FOX Business’ Neil Cavuto, Cboe Global Markets (CBOE) Chairman and CEO Ed Tilly said bitcoin’s trading debut was volatile with the exchange trading an estimated 3,000 contracts in the global session pre-U.S. open.
Verizon Communications Inc and the National Football League have reached an agreement for a multi-year digital streaming deal, Verizon said on Monday.
Cboe Global Markets Inc. started letting traders buy and sell bitcoin futures Sunday evening. Though the exchange operator warned volume might be low — new futures typically take time to build a following — almost 600 contracts traded in the first hour. As of 7:36 p.m. New York time, contracts expiring in January were priced at $15,800, or about 3 percent higher than bitcoin itself, according to data compiled by Bloomberg. The cryptocurrency spiked by more than $1,000 before paring the gain.
“So many people died there (at the Las Vegas Village festival grounds, across from Mandalay Bay),” he said. “You just get the chills going in there.”
While we’ve made the case that Bitcoin’s current run-up has been “too far, too fast” and a painful correction is highly likely, the new cryptocurrency era is a bona fide revolution. The underlying technology of the blockchain will transform industry and commerce on a similar scale as the Internet has.
Job numbers released today through the end of November show an increase of 2.2 million jobs since last years election and an unemployment rate of 4.1 percent. After the same period under Obama, (4.8) million jobs were lost and unemployment skyrocketed to 9.9 percent!
It’s not quite the non-fiat singularity just yet: for that to happen, one should be able to buy gold with bitcoin, and bitcoin with gold… but thanks to Apmex, the world’s largest online retailer of precious metals, one can now cross out one half of the missing links, because as of yesterday Apmex is now accepting bitcoin.
The list of those delving into blockchain technology seems to be expanding by the day, including investors, technology shops, banks and curious minds executing simple Google searches.
The company said the headcount cuts, which will affect both professional and production employees mostly outside the United States, will position GE Power to reach its announced target of $1 billion in structural cost reductions in 2018. The move aligns with GE’s effort to reduce overall structural costs by $3.5 billion in 2017 and 2018.
Despite all the risk/margin worries, and volatility fearmongering, and fraud allegations, Bloomberg reports that, according to a person familiar, Goldman Sachs plans to clear bitcoin futures contracts when they go live next week.
Just a few hours ago, Bitcoin surged above $13,000 and now, on notable volume, it has reached the stunning $14,000 level… up 20% today…
U.S. businesses added a robust 190,000 jobs in November as the job market maintains a solid pace of growth amid tightening labor conditions, a private survey showed on Wednesday.
Cryptocurrencies’ total market value edged up to another record high Wednesday, surpassing that of the U.S.’ largest bank.
Mining is the process of using a computer to perform complex calculations on blocks of data which maintain the Bitcoin network. Miners are rewarded for their efforts with a certain amount of Bitcoins.
The price of bitcoin has surged to a new all-time high of $13,200 at 11:04 GMT on Wednesday. The world’s first cryptocurrency has nearly doubled in price over the past month.
John McAfee on why he’s certain BitCoin will reach $1M by 2020 and why governments can’t stop cryptocurrencies. People around the world want privacy, anonymity and independence from the controls imposed by central banks and McAfee reveals another cryptocurrency that’s the favorite of the Dark Web.
United Parcel Service on Tuesday said customers should expect some delays this week as the delivery service struggles with an influx of holiday shipments.
The world’s most valuable digital currency set another record on Tuesday, hitting $12,000 as of 13:40 GMT. Bitcoin has been smashing symbolic price barriers every few days, slightly retreating at times, and then accelerating to reach new heights.
A deal between Walt Disney and 21st Century Fox Inc., the global film and TV company controlled by the Murdoch family, could come as soon as next week, CNBC reported on Tuesday, citing sources familiar with the matter.