Bitcoin

South Korea may or may not ban bitcoin exchanges and that’s the news
bumn-news.com

 The price of bitcoin and other cryptocurrencies dropped significantly today off the back of ‘news’ that South Korea’s government might ban trading exchanges. As ever in the world of crypto, the slightest ripple of information can be taken out of context, and that appears to be the case here. Reuters reported comments from Korean Justice […]

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Goldman Sachs reportedly planning bitcoin trading desk     – CNET
bumn-news.com

The market could be up and running next summer, but security concerns persist, Bloomberg reports.

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Goldman is reportedly getting into bitcoin and crypto trading
bumn-news.com

 Global banking giant Goldman is setting up up a trading desk focused on bitcoin and other cryptocurrencies, according to a report from Bloomberg. The bank is said to be in the early stages of setup, which means hiring and figuring out the logistics, including how the bank will hold the assets and keep them secure. […]

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Bitcoin rival Bitcoin Cash soars as Coinbase adds support
bumn-news.com

Enlarge (credit: The Matrix / Aurich) Coinbase stunned the cryptocurrency world on Tuesday evening by announcing that it would add full support for Bitcoin Cash, a payment network that split off from the mainstream bitcoin network in August. Coinbase users can send and receive Bitcoin Cash coins, and they’ll soon be able to buy and […]

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Coinbase halts Bitcoin Cash trading as price briefly hits $8,500
bumn-news.com

 Update: We’re still waiting to hear from Coinbase on exactly what went wrong, but the company put out a series of Tweets confirming that GDAX (and Coinbase buys/sells) will be disabled until tomorrow morning. An update on Bitcoin Cash for our customers: sends and receives are functional. Buys and sells on https://t.co/bCG11KMQ6s and in our […]

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Bitcoin jumps another 10 percent in 24 hours to pass $19,000
bumn-news.com

Enlarge / A Soyuz rocket launches from Baikonur, Kazakhstan. (credit: NASA) Bitcoin’s price set a new record on Saturday as the virtual currency rose above $19,000 for the first time on the Bitstamp exchange. The gains came just hours after the currency crossed the $18,000 mark. Bitcoin’s value has doubled over the last three weeks, […]

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Feds moving quickly to cash in on seized bitcoin, now worth $8.4 million
bumn-news.com

Enlarge (credit: Thomas Trutschel / Getty Images News) A federal judge in Utah has agreed to let the US government sell off a seized cache of over 513 bitcoins (BTC) and 512 Bitcoin Cash (BCH). At current prices, that would yield approximately $8.4 million for the bitcoins and nearly $1 million for the BCH. In […]

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People are mortgaging their houses to buy Bitcoin
bumn-news.com

Bitcoin is sitting at $16,674 at the time of writing, after rocketing from $1,000 to more than $19,000 in the course of this year. Those types of eye-catching numbers (and the resulting media hype) are bound to draw the interest of casual folk. But,…

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Coinbase hits top spot on Apple’s US App Store despite struggling to handle bitcoin demand
bumn-news.com

 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 […]

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