• Bitcoin,  Cryptocurrencies,  Ethereum,  Litecoin,  Ripple,  XRP

    Cryptocurrency markets get a big slap in the face

    Tens of billions in value lost—here’s why

    The world’s crypto markets took a collective dive, and it all started while you were sleeping. The cross-currency crash began just after 4 a.m. on Wednesday, September 5, and it touched every token you can name. At the time of this writing, Bitcoin is barely above $6,000. Ether is down 23 percent to $220. Bitcoin Cash, XRP, and Litecoin all took substantive hits. Even DogeCoin is down. Where Tuesday’s crypto market capitalization was around $240 billion, it was about $217 billion less than 24 hours later. So what’s the deal? There are two pieces of information to help us understand this drop. First, Goldman Sachs has downplayed its plans to…

  • reading newspapers
    Bitcoin,  Litecoin,  Media

    Must-reads for August 29, 2018: Surveys, stolen hotel data, faked trades, and more

    Here are the crypto stories you should be watching today

    The rise of crypto in higher education (Coinbase) It’s a slow news week for the crypto space so this survey is getting a lot of press. Here’s the stat they keep talking about: “42 percent of the world’s top 50 universities now offer at least one course on crypto or blockchain.” That means 21 schools have at least one single class teaching a 9 year-old technology. Of 675 students surveyed, 9 percent said they’ve taken a cryptocurrency course, 18 percent said they’ve owned crypto at some point, and 26 percent said they want to take a crypto course. Did we mention this is a slow news week?   Data of…

  • Just Eat France accepts Bitcoin
    Bitcoin

    Crypto community celebrates Bitcoin Pizza Day

    Meme turns into blockchain’s only real holiday, and crypto Twitter is here for it

    On May 22, 2010, two pizza pies were bought by a person named Laszlo Hanyecz through a bitcoin forum. While the pies themselves were mundane, the transaction was revolutionary—they were bought with 10,000 bitcoins, worth roughly $41 at the time. Now that one purchase gages the health of the entire $258 billion cryptocurrency market. Even the some of the biggest cryptocurrency nuts probably couldn’t tell you if the bitcoin whitepaper came out in 2008 or 2009 (it was January 3, 2009). But while even fewer can tell you the day that Ethereum launched (July 30, 2015),many in blockchain can list May 22 as blockchain’s pretty much only holiday. Bitcoin Pizza…

  • Kentucky Derby
    Cryptocurrencies,  United States

    When does the Kentucky Derby start and can I bet on it with crypto?

    What you need to know for this Saturday’s big race

    On Saturday at 6:50 p.m., 21 of the most esteemed classes of 3-year-old horses will run one and a quarter miles at Churchill Downs racetrack. In the U.S., the fun starts on NBC at 2:30 p.m. Eastern and it will be streamed live on NBC Sports Live. Can you bet on the Kentucky Derby with crypto? In short: kinda. The operators of US Racing, a racing info and betting website, are bullish on the future. “Right now, while punters are limited to a handful of private international gaming companies that will accept deposits with crypto currency, players with crypto wallets can use Bitcoin, Bitcoin Cash or Litecoin to make a…