Market Overview

Today In Cryptocurrencies: Buffett & Dimon Rip Bitcoin, $1.1 Billion Of Crypto Stolen In 2018

Share:
Today In Cryptocurrencies: Buffett & Dimon Rip Bitcoin, $1.1 Billion Of Crypto Stolen In 2018

The cryptocurrency market continued its positive momentum on Thursday, with most major cryptocurrencies trading up more than 2 percent on the day. Here’s a look at some of the headlines that were moving the cryptocurrency market today — and which currencies were on the move.

Headlines

Cybersecurity firm Carbon Black has reported that $1.1 billion in cryptocurrency has been stolen so far in 2018. The firm said the malware used to steal cryptos costs about $224 and makes it surprisingly easy to commit the thefts without any technical skills.

Following an op-ed story in the Wall Street Journal, Berkshire Hathaway, Inc. (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett and JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon once again ripped bitcoin in an interview with CNBC. Dimon has previously called bitcoin a “fraud” and urged investors to “just beware” on Thursday. Buffett, who recently called bitcoin “probably rat poison squared,” said Thursday he has “set a high standard” when it comes to hating bitcoin as an investment.

VanEck has said it's applying for a third time to get a bitcoin ETF approved by the SEC for trading on a major U.S. market. VanEck’s previous proposals were withdrawn after the SEC raised concerns related to investor safety, and the SEC has yet to approve a single cryptocurrency ETF up to this point.

Price Action

The Bitcoin Investment Trust (OTC: GBTC) traded at $12.70, up 2 percent.

Here’s how several top crypto investments fared Thursday. Prices are as of 3:30 p.m. ET and reflect the previous 24 hours.

  • Bitcoin gained 2.1 percent to $7,692;
  • Ethereum gained 1.5 percent to $607;
  • Ripple gained 2.6 percent to 68 cents;
  • Bitcoin Cash gained 2.9 percent to $1,144;
  • EOS gained 5.4 percent to $14.30.

The three cryptocurrencies with at least $1-million market caps that have made the biggest gains over the past 24 hours are:

  • Zeitcoin: $4.9-million market cap, 65-percent gain.
  • GoldMint: $2.4-million market cap, 47-percent gain.
  • Elite: $3.2-million market cap, 42.4-percent gain.

The three cryptocurrencies hit hardest in the past 24 hours were:

  • Steem Dollars: $25.4-million market cap, 75.5-percent decline.
  • Zoin: $9.3-million market cap, 66-percent decline.
  • BunnyCoin: $2.4-million market cap, 47.3-percent decline.

Related Links:

Today In Cryptocurrency: SEC Chairman Says Cryptos Aren't Securities, Report Says Majority Of Exchanges Don't Verify Users

SEC Chairman Jay Clayton: Cryptocurrencies Are Not Securities

Posted-In: Bitcoin Carbon Black Jamie Dimon today in cryptocurrencyCryptocurrency News After-Hours Center Markets Best of Benzinga

 

Related Articles (BRK-A + BRK-B)

View Comments and Join the Discussion!

Your Unpaid Student Loan Could Cost You Your Tax Refund

4 Stocks Moving In Thursday's After-Hours Session