Man who Threw Away 80 Millions worth of Bitcoin

A British man says he accidentally threw away over $80 million worth of bitcoin. James Howells, an IT worker from Newport, claims to have unintentionally dumped 7,500 bitcoin in mid-2013. He is now planning to find them, but isn’t sure how, as he believes the hard drive he saved them to is currently buried in a landfill site. The value of the cryptocurrency was around $130 at the time Howells claims to have thrown the hard drive away. It is currently worth $11,350 (£8,435). That means the bitcoin stored on the hard drive would have been worth around $975,000 at the time the device is said to have been ditched. Today, they would be worth $85,125,000 (£63,284,463). “After I had stopped mining, the laptop I had used was broken into parts and sold on eBay. However, I kept the hard drive in a drawer at home knowing it contained my Bitcoin private keys, so that if Bitcoin did become valuable one day I would still have the coins I had mined,” he told the Telegraph. “…
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Bitcoin price soars above $11,000 as central bankers seek to calm fears

Bank of England and Fed officials say cryptocurrency is too small to threaten world economy amid warnings of bubble Bitcoin topped $11,000 on Wednesday, less than 24 hours after hitting $10,000 for the first time, as central bankers on both sides of the Atlantic sought to ease fears that a potential bubble in the cryptocurrency was a threat to the global economy. The digital currency continued on its record-breaking streak, rising to $11,150 just as analysts were digesting the news that it had made it through $10,000. However, it then fell back below $10,500, again highlighting its volatility. Bitcoin has risen tenfold in value so far this year, the largest gain of all asset classes, prompting sceptics to declare it a classic speculative bubble that could burst, like the dotcom boom and the US sub-prime housing crash that triggered the global financial crisis. “The madness of crowds is well documented, but it is quite something to behold in the flesh. It’s hard to k…
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New $100 Million Cryptocurrency Hedge Fund to Use XRP

TechCrunch and CrunchFund founder Michael Arrington has announced he is going all in on cryptocurrency investments with a new hedge fund called Arrington XRP Capital. As the name suggests, the fund will be managed in Ripple’s XRP but it will invest in a wide variety of cryptocurrency assets and Initial Coin Offerings (ICOs) as well as private equity offerings. Also Read: Bitfinex Faces Further Scrutiny Over Tether Liquidity Concerns $100 Million in XRP Investments New $100 Million Cryptocurrency Hedge Fund to Use XRPAccording to Arrington, the $100 million cryptocurrency hedge fund has commitments from investors for over $50 million already, and they plan to begin trading in the next few weeks. Other than the founder, two additional partners in the venture are former CEO of TechCrunch Heather Harde and veteran technology executive Geoffrey Arone. This move is another strong indication of just how much cryptocurrency is recently becoming a mainstay in Silicon Valley…
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