Bitcoin

There’s been a little dip in the bitcoin market this week. The cryptocurrency has dropped about 10 percent against the dollar. Of course, that’s in the face of a 1,700 percent rise in the past year, so those tulip bulb analogies still apply. Speculators, however, (investors, if you prefer) are just one side of the […]

Bitcoin’s wild ride is getting even wilder. Yesterday saw the launch of bitcoin futures, trading on the Chicago Board Options Exchange. Interest was so high it nearly crashed the CBOE website and the exchange briefly halted trading a couple of times after the price jumped erratically. So, we’ve all heard bitcoin is volatile, risky, maybe […]

Bitcoin. The cryptocurrency is on a wild and volatile ride. The price of a coin has grown ten-fold in the past year, hitting a high of more than $11,000 for one bitcoin yesterday, before tumbling some 20 percent this morning. Everybody, it seems, wants in on the action. But a growing number of economists and […]

The global cyberattack known as WannaCry continued to spread today, with 300,000 computers infected in 150 countries. The attack involves so-called ransomware, which basically holds the important files of victims hostage and then demands payment to unlock them. In this case, payment is the virtual currency bitcoin. Given to the scale of the attack, it […]