The production-weighted cash cost to create one bitcoin averaged around US$4 060 globally in the fourth quarter, according to analysts with JPMorgan Chase & Co.
Regulation can help customers and existing financial institutions gain more comfort in cryptocurrencies and drive the adoption of bitcoin. By Angus Brown.
As crypto assets such as bitcoin continue to enjoy popularity among speculative investors, the South African Reserve Bank has kick-started the process for “light regulation” of these products.
Cryptocurrencies dropped on Thursday as bitcoin gave up the $4 000 level it’s hovered around since the start of the year.
As a growing number of cryptocurrency ventures struggle for funding, cut staff or shut down, all is well in one small corner of the industry: lending.
Bitcoin rallied above $4 000 on Friday, leading the broad cryptocurrency market higher as the biggest digital asset headed for its best week in a year.
Just as the euphoria surrounding bitcoin was peaking last December, Mark Dow decided to short the leading digital currency. Almost a year to the day, he has closed out the trade.
After one of the worst stretches of losses for cryptocurrencies on record, enthusiasts are taking comfort in a recovery in prices of digital assets including bitcoin, ether, EOS and litecoin.
The year 2018 has been a terrible one for cryptocurrencies, which have been on a race to the bottom that shows no real sign of abating.
Bitcoin headed for another weekly slump on Friday, with the largest cryptocurrency heading closer to $3 000 – a level unseen since September last year.