Bitcoin Update


Coinbase hits top spot on Apple’s US App Store despite struggling to handle bitcoin demand

Coinbase hits top spot on Apple’s US App Store despite struggling to handle bitcoin demand

Ignoring recent price rises for a second, if you can — there’s no greater sign of bitcoin fever than an app that lets you buy the cryptocurrency becoming the most downloaded app in the App Store.That’s exactly what happened on Thursday when Coinbase, the $1.6-billion-valued company behind what is arguably the world’s best-known exchange for converting fiat into crypto, hit the top spot for free apps in Apple’s U.S.
Meet ‘Genies,’ the lifelike personalized avatars that reenact news

Meet ‘Genies,’ the lifelike personalized avatars that reenact news

We plan on making Bitmoji obsolete,” says Akash Nigam, CEO of Genies. Bragging about beating one of the world’s top apps before his has even launched is emblematic of Nigam’s and Genies’ brash style. But with $15 million in funding at a valuation over $100 million, top investors like NEA and Hollywood royalty like CAA are buying into the avatar startup.
Why is bitcoin’s price so high?

Why is bitcoin’s price so high?

Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Christmas?
Bitcoin tops record $19,000, then plunges in wild 2-day ride

Bitcoin tops record $19,000, then plunges in wild 2-day ride

Bitcoin rocketed above $19,000 for the first time on Thursday before falling sharply from its record high. || The digital currency hit a high of $19,340 before falling more than 20 percent from that level to $15,198.63. || The overall pace of gains have accelerated in the last several weeks ahead of the launch of bitcoin futures by major exchanges.
Winklevoss twins, 'Bitcoin Jesus' head the list of people getting very rich from the cryptocurrency

Winklevoss twins, 'Bitcoin Jesus' head the list of people getting very rich from the cryptocurrency

As bitcoin surges well above $11,000, the newly created wealth means some early investors have become digital multimillionaires in dollar terms. Winklevoss twins Cameron and Tyler are most prominent. In April 2013, the Winklevoss twins had $11 million in bitcoin at $120 a coin. That's a combined worth of just more than $1 billion with bitcoin near $11,700 this week. The brothers settled with Mark Zuckerberg in a dispute over Facebook's origins and went on to launch digital currency exchange Gemini Trust, which is now working with Cboe Global Markets on its bitcoin futures launch.
Bitcoin's Price Just Jumped $1,000 in 24 Hours

Bitcoin's Price Just Jumped $1,000 in 24 Hours

The price of bitcoin passed the $12,000 mark for the first time ever last night, and currently shows little sign of stopping.
$12,000 and Rsing: Bitcoin's Price Hits New All-Time High

$12,000 and Rsing: Bitcoin's Price Hits New All-Time High

According to Coin Desk's Bitcoin Price Index (BPI), the price of the world's largest crypto currency by market capitalization is trading at $12,201.67 at press time. This represents a gain of just over $500 since the day's open and a gain of more than 4 percent overall.
Bitcoin Bubble Burst will warn you if the bitcoin dream is about to crash down

Bitcoin Bubble Burst will warn you if the bitcoin dream is about to crash down

Whether you’re a bitcoin believer or a vulture waiting to have your bubble predictions proved right, you’re probably keeping one nervous eye on the charts in anticipation of the crash everyone seems to expect any second now. 
Bitcoin Price Breaks $10,000 Barrier for the First Time Ever

Bitcoin Price Breaks $10,000 Barrier for the First Time Ever

Bitcoin price has just reached its historical all-time high by breaking the $10,000 barrier. Now it seems only the sky is the limit. Today Bitcoin continues to break new records, rising above $10,000 for the first time in its history, according to the CoinMarketCap Index. The world’s most popular cryptocurrency surpassed the historical mark at 11:14 UTC, rapidly bringing new investors in, and becoming more valuable than such giant companies as IBM, McDonald’s, Paypal, Disney, and etc.
Nasdaq is set to launch bitcoin futures

Nasdaq is set to launch bitcoin futures

Nasdaq CEO Adena Friedman. John Lamparski/Getty Images Nasdaq, the exchange operator based in New York, is preparing to launch bitcoin futures contracts. Bitcoin, the red-hot cryptocurrency, soared to over $11,000 on Wednesday. Bitcoin futures would allow investors to bet on the future price of bitcoin. Nasdaq is hopping on the bitcoin bandwagon. The exchange operator is set to launch a bitcoin futures product next year, a person familiar with the matter told Business Insider.


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