Bitcoin market cap tops $128 billion

Institutional investors are avoiding Bitcoin, saying it is the most crowded trade in global markets. On Monday, the crypto-currency experienced a surge in trading volume that boosted it to $7710 a coin ($US6026) and surpassed a market capitalisation of $127.9 billion ($US100

Bitcoin is a lot like Bangladesh when it comes to investing

People climb to board an overcrowded passenger train as they travel home to celebrate Eid al-Fitr festival, which marks the end of the Muslim holy fasting month of Ramadan, at a railway station in Dhaka, Bangladesh. Reuters/Adnan Abidi Bangladesh’s economy is growing

Captains of Finance Dismiss Bitcoin at Their Peril

The financial industry today looks stable and boring, with a few megabanks ever-more entrenched and markets that may not offer the same risks and rewards as before the 2008-2009 financial crisis but which remain highly profitable for incumbents. That stasis, however, masks

Bubble fears over bitcoin’s soaring value

In 2010, Laszlo Hanyecz made the first purchase of physical goods using Bitcoin.  He paid 10,000 bitcoin for two pizzas. Five thousand bitcoin per pizza seemed like a fair deal at the time. Today, the same amount would buy you a Notting

Bitcoin just surged above $6,000, a record

Bitcoin surged 5 percent to a record high above $6,000 on high trading volume Friday. The cryptocurrency hit a record high of $6,003.81 in late morning New York trading, according to CoinDesk. Bitcoin pared gains to last trade around $5,977. Twenty-four hour