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| Hitching the wagon to bitcoin and hoping for the best Shares of Hicksville-based Long Blockchain Corp., which on Thursday announced it would pivot its business focus from iced tea to digital currencies, fell Friday as the price of bitcoin, the most popular such currency, dropped as well. Until this week, the company was named Long Island Iced Tea, and ...
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| Bitcoin is going crazy again Crypto-currency as a concept isn't as dumb as it might sound; on paper, it's a transparent, secure way to transfer money that doesn't rely on a handful of centralized banks. But no-one is going to use Bitcoin as a currency when it's fluctuating by 50% on a week-by-week basis. You don't want your ability to ...
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| Bitcoin Plummets More Than 30 Percent in Less Than a Day You can't exactly say that Bitcoin was burning a hole in anyone's pocket, but the virtual currency burned a hole in quite a few hearts on Friday when it plunged 30 percent in less than 24 hours after defying gravity for the past few months. Many skeptics of the virtual currency, which operates with no ...
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