Gold Silver Reports (GSR) – Bitcoin Mining Banned for First Time in Upstate New York Town — A small lakeside town in upstate New York is fed up with Bitcoin miners using up so much of its low-cost electricity.
cryptocurrency
Bitcoin’s Premium to Gold Looks Set to Get Hit by Fed Hikes
Gold Silver Reports (GSR) – Bitcoin’s Premium to Gold Looks Set to Get Hit by Fed Hikes — Bitcoin’s soaring premium to gold is being eroded as the digital currency faces regulatory scrutiny and lower demand. The convergence is likely to accelerate with help from the Federal Reserve, according to Mike McGlone, a strategist at Bloomberg Intelligence, who says rate hikes have marked bitcoin tops and gold bottoms.
Bitcoin Is the New Gold
Gold Silver Reports — Bitcoin Is the New Gold — I hate to say I told you so, but … well, I told you so. Bitcoin, 1 while still a popular financial asset, is looking less and less like a currency. Online payments company Stripe is ending Bitcoin support. It cites several reasons for doing so:
Bitcoin Ready For Drop to $5,700 or $8,700
Bitcoin fell below $15,000 after the cryptocurrency’s biggest rally in two weeks ended a rout that wiped more than $9,000 off the price.
Crypto Proxy Stocks Rally as Bitcoin Rebounds Above $16,000
Gold Silver Reports – Crypto Proxy Stocks Rally as Bitcoin Rebounds Above $16,000 — Bitcoin’s rebound from a five-day rout has drawn investors back to stocks related to cryptocurrency and blockchain technology.
Bitcoin Climbs, Finding Floor After Worst Selloff Since 2015
Gold Silver Reports – Bitcoin clawed its way upward on Saturday along with most cryptocurrencies, halting a four-day tumble that drew worldwide attention to the unregulated $500 billion market that’s frequently called a bubble.
Cryptocurrency Trading Tips-Bitcoin Is So 2017 as Ripple Soars at Year End
Gold Silver Reports — Cryptocurrency Trading Tips-Bitcoin Is So 2017 as Ripple Soars at Year End – The rout in cryptocurrencies isn’t sinking all boats. Ripple, which uses a network of nodes that includes financial institutions to validate transactions, has sustained the advance for its XRP currency as it reports interest from financial institutions and concern mounts over the costs of bitcoin mining.
See Bitcoin as a Lottery, Not an Investment
Gold Silver Reports – See Bitcoin as a Lottery, Not an Investment – A tea seller in Mumbai’s newest corporate hub claims to have bought 4 bitcoins, at Rs1 lakh each, in May 2017. He is already sitting on a handsome profit, given the price of Rs13.64 lakh per bitcoin—as per Coinome as on 19 December. However, he says he will wait till next year when the price would be around Rs15 lakh a bitcoin. On being asked how he knows for sure that the price will move to that level, he responded with an assured, “Aap dekhna (you’ll see).”
Bitcoin Fascination Feels Like ‘Speculative Mania,’ RBA Says
Gold Silver Reports – Australia’s central bank chief made a scathing assessment of Bitcoin, saying the cryptocurrency that’s soared above $17,000 is more likely to appeal to criminals than consumers.
Bitcoin Futures Trading Opening Brings Crypto to Wall Street
Gold Silver Reports – Bitcoin Futures Trading Opening Brings Crypto to Wall Street – Bitcoin has landed on Wall Street, and it was welcomed by traders. Cboe Global Markets Inc. started letting people buy and sell bitcoin futures Sunday evening.