In their most recent endeavor, Cameron and Tyler Winklevoss are looking to move bitcoin ($273 USD) further into the mainstream by creating a bitcoin exchange in the U.S. Reportedly titled “Gemini,” they are heralding the project as the “Nasdaq for bitcoin.” Could a new, regulated bitcoin exchange save the digital currency from falling prices? What…
Tag: digital currency
US Government Continues Silk Road Bitcoin Auction
The United States Marshals Service recently conducted another auction of bitcoins collected from the black market website Silk Road. The bitcoin auction contained an estimated 50,000 bitcoins and was the second in a chain of auctions to sell off the confiscated bitcoins of incarcerated Silk Road founder Ross Ulbricht. About the Silk Road Bitcoin Auction…
4 Theories Behind Recent Bitcoin Volatility
Over the weekend of Oct. 4-5, Bitcoin value dipped to $290 – its lowest figure in a year. On Monday, Oct. 13, it escalated to about $380. Bitcoin volatility is obvious, particularly when looking at an hourly graph charting its value. One theory says that cryptocurrency enthusiasts and advocates have underrated the constant peaks and…