Cryptocurrencies, as a whole, now hold over $100 billion in market cap for the first time. While bitcoin (BTC) leads the pack at just over $46.6 billion, or 47.9 percent of all cryptocurrencies, the recent surge in these other coins has helped to push the total cap over the top.
Since the Bitfinex hack low on August 2, bitcoin has traded better than JP Morgan, Goldman Sachs, Tesla, Apple, Google and gold. One of the few stocks to match the frenetic pace of bitcoin has been Nvidia, which is up over 200 percent since July of last year.
[...] Although China, Japan and South Korea are trading at a ~$100-plus premium compared to the exchanges in the United States, most of the volume [on June 5th] has been driven by USD.
Source: Bitcoin Magazine
(Score: 2) by cafebabe on Thursday June 08 2017, @05:29PM
A friend now heats her home with a BitCoin ASIC. It is an outdated and inefficient unit but the rationale is simple. Over a winter, it may only provide enough funds for one pint of beer. However, that's a suitable quantity of funds in a suitable currency for further experimentation. Furthermore, it may only capture 1% of the value of electrical heating but you're probably capturing 0%. So, that's better than most people. Indeed, in her situation, it is arguably the most ethical action she could take.
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