Sentences with phrase «about bitcoin by»

He was told about bitcoin by his father and decided to create a platform for smart contracts; which bitcoin is not designed to do.

You have probably already heard about Bitcoin by now.

Publishing a commentary about Bitcoin by an institutional economics professor is as responsible as letting a village witch doctor give lectures on the merits of proton radiation therapy to treat cancer («The Bitcoin myth,» March 3).

Not exact matches

So by making roughly $ 2,555 a year through mining (at the current price of bitcoin), I'm on track to pay off the extra parts I bought for mining in about 230 days.

A trustee of defunct Tokyo bitcoin exchange Mt. Gox sold more than 35,000 bitcoin, worth about $ 400 million at the time, to pay off creditors, according to details of the sale published by a company trustee last week.

Still, there's an ironic punch line to the case: Because the stolen Bitcoins were sold right away, allegedly by Vinnik and long before Mt. Gox disclosed the hack, victims lost much more, in dollar value, than the hackers ever made — which, according to Chainalysis, was only about $ 20 million.

Now, MetaStable owns about a dozen different cryptocurrencies, including Bitcoin (which one of the fund's co-founders, Lucas Ryan, originally received for free in 2011), Ethereum, and Monero (of which the fund holds nearly 1 %, or about $ 6 million worth, of all outstanding coins), according to a pitch deck seen by Fortune.

Bitcoin dropped as much as 12 % to $ 12,801, before paring its loss to about 6.5 % at 9:51 a.m. London time, according to data compiled by Bloomberg.

Some investors, such as Murray Stahl of Horizon Kinetics, hypothesize that Bitcoin is worth the value of all the currency in the world — about $ 361,000 per Bitcoin, by Barron's estimates.

The company also moved its global headquarters to Zurich last month, attracted by its «regulatory stability,» Casares said, during a time when bitcoin companies based in New York are concerned about the state's BitLicense regulatory framework.

Bitcoin's supply, in contrast, is forever fixed, by computer code, at a total of 21 million coins (of which about 80 % have been produced).

Developed by the mint in 2012, Mint Chip is about as different philosophically from Bitcoin and other digital currencies as you can get.

By contrast, you'd pay the lower capital gains rate of about 15 percent to 20 percent on transactions for Bitcoin held as an investment, for example if you obtained it on an exchange.

The other half is about the remarkable rise of blockchain, the core technology underlying bitcoin that is enjoying unprecedented adoption by banks and big business.

Policymakers from Australia to Singapore to South Korea have warned about investing in cryptocurrencies as bitcoin rallied a dizzying 19-fold this year, saying price surges are mostly driven by speculation that carried huge risks.

It's not about how much money people are making by mining bitcoin.

«I took about a month to research it, look back in the code, look back in the white paper,» referencing the bitcoin outline authored by the cryptocurrency's mysterious creator, Satoshi Nakamoto.

A Bitcoin that was shown during a segment on Bloomberg TV was immediately stolen by an observant Reddit user, providing the host and his audience with a valuable lesson about security and digital curr...

Bitcoin, the largest cryptocurrency by market value, pared an advance of about 2 percent after Google's announcement, trading little changed at $ 9,099 as of 1:04 p.m. in Hong Kong.

But yet another alleged hack, reported in August by an online Bitcoin bank that stores the currency for customers, drove the value down to about $ 7.

No matter how you feel about cryptocurrency generally, though, it's useful to know that the Federal Trade Commission in a 2015 report recently resurfaced and promoted by the Better Business Bureau makes clear that spending bitcoin can be risky.

Bitcoin alone, by comparison, returned about 754 % (an 8.5-fold gain) over the same period.

Alexandre Dumas wrote a book, The Black Tulip, which should be read by any person thinking about trading bitcoins.

Bitcoin has been pushed to the verge of this split by a years - long debate about what's known as block size.

The early Bitcoin backers, who reportedly own about 40,000 bitcoins (a cool $ 27 million or so in U.S. dollars), could blast off by the end of the year.

This would seem to confirm speculation about repeated undetected thefts from Mt. Gox's bitcoin holdings, perhaps over the course of years, enabled by its software's flawed handling of transaction malleability in bitcoin.

Part of the increase in transaction time has, no doubt, been caused by the recent arrival of new, less knowledgeable investors who are coming into the market only because they have seen the headlines about the price of bitcoin going up, up, up.

The trader, who is only known by his bitcoin address, purchased the coins between Feb. 9 and Feb. 12, hiking his holdings in the digital currency to more than 96,000 coins from about 55,000 coins.

This move by Goldman, if true, is exciting but it is about as indicative of a general move towards crypto assets as the CEO buying a single bitcoin.

The coverage of Bitcoin has become so expansive that I'm being questioned about the currency by my otherwise tech illiterate friends.

WASHINGTON (Reuters)- U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange Commission said on Tuesday.

Bitcoin cash surged up by more than a 100 percent on Saturday to a high of about $ 2,800, before it crashed back to about $ 1,360 in one of the greatest «pump & dump» situations seen in a long time.

(c) Banks are apprehensive about boarding bitcoin entities over concerns related to money laundering activities which could be carried out by their newly boarded digital currency clients.

If your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your Bitcoin Cash.

So far, after all, bitcoin is accepted by only about 10,000 or so merchants.

The sale came about after the man contacted the dealership on Monday asking if he could use Bitcoin to pay for the Tesla, explaining that he had been turned down by other sellers, Davy said.

Trendon Shavers, 32, of McKinney, Texas, was charged with misappropriating about 146,000 of the 764,000 bitcoin, then worth more than $ 4.5 million, that he raised from September 2011 to September 2012 by promising investors «absurdly high» interest rates, U.S. Attorney Preet Bharara in Manhattan said.

I am still kicking myself for not sticking to it back in 2010 when I bought my first bitcoins (I could have been a millionaire by now) but I did get back in and now have about $ 1,000 in BTC, ETC, and LTC combined.

Sure, more people than ever have probably heard about bitcoin, and they may have heard about some of its closest rivals by market cap, such as Ethereum and Ripple, but they don't have the faintest idea what purpose they serve or how they really work.

This news comes fresh off heels of remarks made by CEO Hiroshi Mikitani at a Rakuten financial conference, saying «We are thinking about [accepting bitcoin] and we probably will.»

He's just a regular, average Joe who'd heard about people doubling their money in just a few months by investing in Bitcoin.

Stories about Bitcoin reach newspapers and magazines through a simple process: the news starts in a community forum, then it's picked up by a more specialised community / tech news website, then journalists at general media outlets see the story on those sites and write their own versions.

However, if Bitcoin's own history is anything to go by, then chances are it's going to be a different tech altogether — something that's NOT sexy right now, something that does NOT receive a lot of attention in the media, something that most people do NOT know about.

Admittedly, one could make the same argument about gold, but gold has been widely accepted by humankind as a thing of value for more than two - and - a-half thousand years — compared to less than a decade for bitcoin.

While this was all going on, Blockstream and it's employees started lobbying the community by paying for conferences about scaling bitcoin, but with the very very strange rule that no decisions could be made and no complete solutions could be proposed.

Immediately following the hard fork, the cryptocurrency dropped by about three percent, although this may be a direct reaction to bitcoin's recent rise (currently $ 681 at press time).

I read Animal Farm for the first time since 7th grade on my flight from Tokyo yesterday and it struck me as the «must - read» book for people who want insights into the methods by which Bitcoin Core has controlled the narrative about BTC and Bitcoin Cash.

Since our last piece, the bitcoin price has shot up by about another $ 30 and is hanging around the $ 680 mark.

Of the 690 cryptocurrencies that exist — with total market cap about $ 8.5 billion — Bitcoin is by far the largest and best - known.

Since our last price piece, the bitcoin price has stumbled by about $ 12 and now hovers at $ 628.