As the Bitcoin Cash hard fork date approaches wall streets favorite crypto analyst Tom Leee sides with
Bitcoin over Bitcoin cash for new money.Lee...
One of the most polarizing topics of discussion in the world of cryptocurrencies, the BTC vs BCH debate took a new turn today as Thomas Lee, the co-founder of Fundstrat Global Advisors commented that he would rather buy
Bitcoin over Bitcoin Cash during an appearance on CNBC.
As the Bitcoin Cash hard fork date approaches wall streets favorite crypto analyst Tom Leee sides with
Bitcoin over Bitcoin cash for new money.
Lee Likes
Bitcoin Over Bitcoin Cash Tom Lee sat down with the panel of CNBC's Fast Money once again to talk about the differences...
Not exact matches
Digital currencies like
Bitcoin and Ethereum are soaring in value, increasing tenfold in a little
over a year.
Bitcoin fell below $ 10,000 and shed nearly 18 percent of its value
over two days last week following increased regulatory scrutiny of cryptocurrency exchanges last week.
His warnings, repeated this week, and the China crackdown sent the prices of
bitcoin bouncing up and down
over the last couple of weeks.
The world's most popular digital currency exchange, Coinbase, is under fire from angry customers
over its decision not to support a new version of
bitcoin that could also make it vulnerable to «ruinous legal trouble,» according to a prominent legal scholar.
As of Monday evening,
bitcoin prices were around $ 2,850, not far from its all - time high of just
over $ 3,000.
While many cryptocurrencies have been in bear market territory since a correction that began in late December, this week has been especially bloody for investors, with the
Bitcoin and Ethereum prices down nearly 40 % in the past two days, and Ripple shedding nearly half its value
over the same period.
That abrupt reversal was magnified many times
over in a
bitcoin market that doesn't have anything like the same liquidity or transparency as the market for official currencies.
China accounts for
over 90 % of reported
bitcoin trades and around 70 % of
bitcoin «mining» (the production of new
bitcoins through the building of blockchain that makes up the currency's infrastructure).
Even though it appeared the
bitcoin community reached a consensus in mid-July
over improving its underlying blockchain software, those improvements have yet to be put into effect, and another fork could occur in the future.
Bitcoin launches ATMS, quantifying innovation, Marissa Mayer's no telecommuting policy gets vindicated, Latinas take
over, marketers can't decide if Facebook ads work, Steve Blank gets fired.
The much - ballyhooed
bitcoin law, developed and revised by the New York Department of Financial Services and its superintendent Benjamin Lawsky
over the last year, was made official on Wednesday.
Bitcoin touched a peak of almost $ 20,000 in December — and indeed crossed
over that threshold on some exchanges — but has since been roiled by several large sell - offs.
Marc Singer, an adviser at Singer Xenos in Miami, noted
bitcoin fell 93 % in value
over a five - month period in 2011.
Bitcoin launches ATMS, quantifying innovation, Marissa Mayer's no telecommuting policy gets vindicated, Latinas take
over, marketers can't decide if Facebook ads work, Steve Blank gets fired, Twitpics come out... This week's notable news and tantalizing tidbits for entrepreneurs:
«The main issue with
Bitcoin itself is that the community around it right now is kind of too polarized,» Karpelès says, citing the split between
Bitcoin and
Bitcoin Cash
over a disagreement in how best to scale the digital currency.
Bitcoin plunged just
over 23 % on Tuesday after the news broke.
Bitcoin, the most popular digital currency, jumped from $ 997 on January 1st to
over $ 19,000 in mid-December.
Through mid-March, MetaStable's flagship fund had returned 539 %
over its short lifetime, including 86 % in the first two - and - a-half months of 2017 (a time period in which the
Bitcoin price was up almost 28 %).
Mark Karpelès, the CEO who presided
over Bitcoin exchange Mt. Gox until it went bankrupt in 2014, has had a hard time finding work for the last four years.
Again, only time will tell, but don't be surprised to see blockchain take
over Bitcoin futures and every other commodity and stock market in the years to come.
By mid-2017,
Bitcoin's price was soaring, and Mt. Gox had enough to pay out the $ 430 million it owed in claims several times
over.
Bitcoin's whipsaw ride
over the past six months has thrust the risks of investing in one of the wildest and least - regulated corners of finance into the spotlight.
In its blog post, Coinbase explained its decision to support
Bitcoin Cash as follows: «We have been monitoring the
Bitcoin Cash network
over the last few months and have decided to enable full support including the ability to buy, sell, send and receive.
The price of
bitcoin rose above $ 9,000
over the weekend as the cryptocurrency extended post-Tax Day gains.
It would be
over two and a half years before
Bitcoin would regain its previous high — long enough that many Mt. Gox victims didn't even bother filing a claim for what they considered an insignificant sum.
«So when
Bitcoin showed up, I was all
over it,» he told Fortune in January.
Bitcoin's value dropped below $ 8,000 on Friday morning, taking $ 100 billion off the cryptocurrency market as concerns grew
over the future of digital currencies this week.
Shares of Square fell Monday after noted short - seller Andrew Left's Citron Research said excitement
over the payments processor's
bitcoin trading product was overdone.
Over the last several days, we've examined all of the relevant issues and have decided to work on adding support for
bitcoin cash for Coinbase customers.
The man who called
bitcoin's rise to $ 10,000, fund manager Michael Novogratz, has
over 20 percent of his net worth in cryptocurrencies and told CNBC that he sees the possibility of it reaching $ 40,000 by the end of next year.
A graph published by analytics company BlockSeer suggests customers withdrew
over half of the $ 1 worth billion
bitcoins stored in Coinbase's «vault» storage service:
Over the course of 2017,
bitcoin saw more than a 1,000 % gain in price, creating some pretty significant capital gains for some investors.
Bitcoin's meteoric ascent of
over 10-fold from below $ 1,000 at the start of the year has drawn regulatory scrutiny around the world.
China's crackdown has so far appeared to have little effect on
bitcoin's price, with investors from neighbouring South Korea and Japan taking
over in the trade where Chinese investors left off.
And this recent rally in
bitcoin might not be
over just yet, according to some commentators.
Arrington, who says
over 10 % of his own net worth is now in crypto - currency, did not name specific investors but suggested that many of them are those who have already made a lot of money of the incredible boom in
bitcoin and other digital currencies, and want to branch out.
The Journal says the subpoenas come as New York plans to issue a memo raising questions
over whether
Bitcoin companies are following state law.
Tom Lee, Fundstrat Global Advisors, discusses why he prefers
bitcoin over its alternate
bitcoin cash.
It's been record after record for
Bitcoin, which jumped
over $ 2,000 for the first time last week.
While today there may be a lot of buzz about
Bitcoin and most businesses are well versed in accepting electronic and mobile payments, customers
over the course of history have used a lot of different methods to pay for goods and services.
Bitcoin's surging price
over the past year has been in due part to Chinese investors seeking higher returns.
If Russian and Chinese governments decide to accept
Bitcoin as a partial alternative to the U.S. dollar,
Bitcoin could easily triple to
over $ 2,100, the bank said.
Square shares dropped after noted short - seller Citron said excitement
over the payments processor's
bitcoin trading product was overdone.
Meanwhile, the market has become more diverse:
bitcoin's overall share of the digital currency market recently dropped from
over 80 % to about 50 %.
The value of
Bitcoin has nearly doubled
over the last month, jumping to an all - time high of $ 2,289.21 on Monday, according to Coindesk.
Over the past five months, Camp has been sketching out plans for a brand new cryptocurrency that aims to fix technical and other challenges plaguing existing projects, such as
Bitcoin and Ethereum.