Bitcoin Pyramid Scheme Allegedly Hoaxed $20 Billion In South Korea

Two suspects from South Korea have allegedly used a pyramid scheme that involves bitcoin to swindle a total of $ 20 billion from investors in the country. The news was made public as a judge from Seoul's Incheon District Court has issued a fine of $ 15 million and $ 8 million respectively to the two men …
Google Alert – bitcoin

Bitcoin’s Value to Lose $44 Billion by Year’s End, Researchers Argue (news.bitcoin.com)

Researchers from Switzerland published a twenty page study on the predictability of bitcoin bubbles, using Metcalfe’s law and Log-Periodic Power Law Singularity (LPPLS), and determined bitcoin’s market capitalization might fall as much as $ 44 billion, or 35% (at the time of writing), by the end of 2018.
Also read: More Bitcoin ETF Teasing, Encouraging Signs Emerge

Bitcoin

Bitcoin Price Remains Above $7100 as Cryptocurrency Market Gains $20 Billion

For short-term recovery, the $ 7,700 to $ 7,800 range still remain as an important level for bitcoin that could allow the most dominant cryptocurrency in the market to potentially eye a move towards the $ 8,000 region. Previously, when the bitcoin price surged to $ 7,500, traders were anticipating it to break …
Google Alert – bitcoin

TOM LEE: There's a $25 billion reason why bitcoin could stop plunging by mid-April

Bitcoin investors owe an estimated $ 25 billion in US taxes, according to Tom Lee, the co-founder of Fundstrat. As Tax Day approaches, many bitcoin owners are selling their digital coins in exchange for dollars. And so, Lee believes some of the selling pressure on bitcoin will lift after the tax deadline on …
Google Alert – bitcoin

Bitcoin Price Surges 6% to $7350 as Cryptocurrency Market Gains $10 Billion

After recording a rebound from $ 6,500 to $ 7,000 on April 2, the price of bitcoin has surged 6 percent again today, on April 4, as the entire cryptocurrency market recorded a daily gain of $ 10 billion. While several smaller cryptocurrencies like Steem and VeChain have outperformed bitcoin with a 50% and …
Google Alert – bitcoin