Bitcoin is back!
The world’s No. 1 cryptocurrency is on fire, with a price approaching $10,000, pushing the digital asset near its highest level in more than 14 months, according to MarketWatch data provided by CoinDesk.
A single bitcoin BTCUSD, +0.49% most recently, was trading at $9, 218.21, after putting in a December low at $3,194.96. Its current level is bitcoin’s loftiest level since March 29, 2018 when a bitcoin changed hands above $9,700.
Moreover, bitcoin trading on the CME Group’s futures exchange for June deliveryBTCM19, +0.64% was at $9,265, up 9.7% on the day, representing a 153% surge for bitcoin futures for the year to [...]
Bitcoin, still the largest cryptocurrency by market capitalization by some margin, has been making up ground after being left in the dust by one of it’s biggest rivals, litecoin, this week.
The bitcoin price is now up more than 5% over the last 24 hour trading period, touching $8,720 on the Luxembourg-based Bitstamp exchange, and putting it once again in touching distance of its year-to-date highs of a little over $9,000 per bitcoin.
Bitcoin has been rallying hard today after the litecoin price made significant gains over the last week.GETTY
Bitcoin and cryptocurrency traders and investors have been closely watching the bitcoin price [...]
CISCO’s Umbrella product harvests such data. Umbrella helps large organizations monitor inbound and outbound traffic, including for suspected cryptocurrency traffic where it’s banned. When analyzing cryptocurrency traffic, they found that the top two sources are energy/utilities companies and college campuses.
McBride believes that since the traffic is “quite distributed,” lots of college students are probably running their own Bitcoin mining rigs, rather than through concerted efforts. Clearly, people living in college dorms are not responsible for their energy bills.
“You leave [the mining rig] running in your dorm room for four [...]
Bitcoins can be traced back to problems with damage, but current technology has led to practical ways of tracking stolen bitcoins. To track the person who received the bitcoin, the address owner must be aware of it.However, governments do not want bitcoin owners to be unknown and they are trying to regulate bitcoin in a way that can be monitored. People can be found if they shop in a webshop and pay with bitcoin and enter their shipping address ( because they have to get the item they paid for ). It’s really nothing new since people have been doing blockchain analysis and bitcoin tracking since bitcoin was used to exchange stuff on the internet.
Bitcoin is often presented [...]