Coinbase: The Heart of the Bitcoin Frenzy

Coinbase has been at the center of the speculative frenzy driving up the value of Bitcoin — which topped $13,000 on Wednesday — and similar currencies. While there are many Bitcoin exchanges around the world, Coinbase has been the dominant place that ordinary Americans go to buy and sell …
social experiment by Livio Acerbo #greengroundit from

Bitcoin: Steam Gaming Service Is Waving Goodbye

Popular gaming service Steam said Wednesday that it would no longer accept bitcoin from customers as payment for video games. Steam, which is owned by the video game developer Valve, cited the “high fees and volatility” associated with the popular cryptocurrency. Last year, Steam said it would …
social experiment by Livio Acerbo #greengroundit from

Bitcoin Rips Past $13000 Amid Interest From Institutional Investors

The promise of institutional funds flowing into Bitcoin have sent the price of the cryptocurrency soaring above $13,200 after only just surpassing $10,000 a week earlier. As of Wednesday, Bitcoin's price has risen over 1,600% in the last year, buoyed by hope that institutional investors may step into the …
social experiment by Livio Acerbo #greengroundit from

Your Bitcoin is no good here—Steam stops accepting cryptocurrency

When Valve first started accepting Bitcoin as an option for Steam purchases last April, the cryptocurrency was trading around $450. Today, with Bitcoin surging past $12,000 per coin, Valve has announced that "Steam will no longer support Bitcoin as a payment method on our platform due to high fees …
social experiment by Livio Acerbo #greengroundit from

Bitcoin blows past $13000 for the first time

Bitcoin, the red-hot cryptocurrency, continued its jaw-dropping tear Wednesday, soaring above $13,000 per coin for the first time. The new high comes less than a day after it broke through $12,000, which it did Tuesday evening in New York, according to data from Markets Insider. By 2:40 p.m. ET, bitcoin …
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Cryptocurrency site NiceHash may be 'hacked'

Popular cryptocurrency mining marketplace is down for 'maintenance' though users speculate it may be a hack. … NiceHash is a place for users to buy 'hashing power,' that is computing power for mining different cryptocurrencies such as Bitcoin. On Tuesday, the price of Bitcoin surged to $12,000, …
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Dennis Gartman Still Won't Buy Bitcoin, Scared

The Commodities King, Dennis Gartman, continues to say that he will not buy Bitcoin, in spite of recent news that the cryptocurrency has been approved for futures trading on a number of exchanges. Speaking on 'Fast Money,' Gartman reiterated his view that Bitcoin is in a 'tulip mania' stage and will …
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Bitcoin's insane energy consumption, explained

The skyrocketing value of Bitcoin is leading to soaring energy consumption. According to one widely cited website that tracks the subject, the Bitcoin network is consuming power at an annual rate of 32TWh—about as much as Denmark. By the site's calculations, each Bitcoin transaction consumes …
social experiment by Livio Acerbo #greengroundit from