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Bitcoin News Thursday, February 8

Bitcoin News TLDR / Table of Contents

Score: 67824
URL: https://www.cnbc.com/2018/02/07/bitcoin-price-could-hit-50000-this-year-experts-say.html?__source=twitter%7Cmain
Tweeted At: Wed Feb 07 08:45:37 +0000 2018
Publish Date: 2018-02-07T03:47:29+00:00
Author: Arjun Kharpal

  • Cryptocurrencies could go on a bull run greater than last year and pass the trillion-dollar mark in terms of value, experts told CNBC, following a recent violent sell-off across digital coins.
  • On Wednesday, it was trading above the $7,000 level as the cryptocurrency market stabilized.
  • At its lowest point on Tuesday, the total cryptocurrency market saw over $550 billion wiped off its value.
  • “Increasing regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will contribute to the market’s rebound and push cryptocurrency prices to all new highs this year,” Thomas Glucksmann, head of APAC business development at cryptocurrency exchange Gatecoin, told CNBC by email on Tuesday.
  • The technology advancements Glucksmann referenced include bitcoin’s so-called Lightning Network, which would boost the very slow transaction speeds using the cryptocurrency.

Tags: recent violent sell-off, total cryptocurrency market, recent cryptocurrency sell-off, cryptocurrency exchange Gatecoin, Nasdaq CEO Adena

Score: 4590
URL: https://www.cnbc.com/2018/02/07/winklevoss-twins-bitcoin-will-be-worth-40-times-current-value.html?__source=twitter%7Cmain
Tweeted At: Wed Feb 07 18:06:05 +0000 2018
Publish Date: 2018-02-07T12:44:58+00:00
Author: Arjun Kharpal

  • Bitcoin could be worth 40 times its current value one day, Cameron Winklevoss — one half of the famous twins — told CNBC on Wednesday.
  • Cameron Winklevoss made the call after comparing bitcoin to gold during a CNBC-hosted chat at the Milken Institute’s MENA Summit.
  • Its sort of equals a better gold across the board,” Winklevoss told CNBC.
  • “So if you look at a $100 billion market cap today, now last week it might have been more like 200, so it’s actually a buying opportunity, we think that there’s a potential appreciation of 30 to 40 times because you look at the gold market today, it’s a $7…
  • Even at the lower $100 billion market cap, a 40 times price appreciation would peg bitcoin’s value at $4 trillion.

Tags: Cameron Winklevoss, Tyler Winklevoss, Winklevoss twin, bitcoin disrupts gold, better gold

Score: 4503
URL: https://uk.finance.yahoo.com/news/apos-much-costs-mine-1-122100788.html
Tweeted At: Wed Feb 07 20:21:13 +0000 2018
Publish Date: 2018-02-07T12:21:00+00:00
Author: Sean Williams,

  • As it has been since day one, bitcoin continues to lead the charge as the world’s most valuable cryptocurrency by market cap.
  • Bitcoin also happens to be one of the most minable cryptocurrencies in the world as a result of its popularity and relatively high liquidity as a virtual asset.
  • Thus, bitcoin miners are solving complex equations to be paid in fractions of bitcoin tokens.
  • In bitcoin’s early years, mining could be done with high-powered graphics cards from the likes of NVIDIA and Advanced Micro Devices.
  • Today, however, bitcoin mining requires expensive ASIC (application-specific integrated circuit) chips that have narrowed the prospective field of miners.

Tags: bitcoin, Getty Images, Image source, electricity costs, single bitcoin

Score: 4329
URL: http://www.telegraph.co.uk/business/2018/02/05/digital-currency-coming-not-bitcoin/
Tweeted At: Wed Feb 07 09:00:18 +0000 2018
Publish Date: 2018-02-06T23:09:00+00:00
Author: Matthew Lynn

  • We are simply witnessing a correction in the greatest bull market of all time.
  • Governments are getting scared and clamping down as they witness their power ebbing away, the North Koreans are manipulating the market as an overture to war, and the Knights Templar are controlling all the cryptocurrencies as a way restoring their ancient order to global power.
  • OK, I admit I made that last one up after reading a bit too much Dan Brown, but all the others are explanations seriously put forward for the wild volatility in the price of Bitcoin so far this year.
  • The crazy movements in the price mean that Bitcoin will never be the one thing it…

Tags: greatest bull market, gullible fools, North Koreans, Knights Templar, wild volatility

Score: 9153
URL: https://www.cnbc.com/2018/02/07/bitcoin-millionaires-are-buying-lamborghinis-with-cryptocurrency.html?__source=twitter%7Cmain
Tweeted At: Thu Feb 08 04:54:05 +0000 2018
Publish Date: 2018-02-07T11:47:12+00:00
Author: Ali Montag

    Tags: bitcoin, CNBC Make, Lamborghini Newport Beach, Saddington, bitcoin cost Saddington

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