Coinbase Reaches Top of the Free App Charts on the US App Store Amid Bitcoin Surge

Bitcoin exchange Coinbase watched its iOS app surge to the top of the free apps chart in Apple's App Store yesterday, amid a speculative frenzy surrounding the blockchain cryptocurrency.

Bitcoin prices on Coinbase's GDAX exchange flew past $16,000 to almost $20,000 in around 90 minutes on Thursday, reported Bloomberg, extending its record-breaking run and causing the software to crash and the service's website to go down intermittently in the process. The digital currency fluctuated during a turbulent Asian session, before falling back to about $16,000.


The rise and rise of bitcoin has brought it into the mainstream in the last few weeks, but many observers are warning that the cryptocurrency could be a bubble. Investors have also been reminded of the dangers of hackers, after bitcoin mining marketplace NiceHash lost $64 million in BTC following a "sophisticated and professional attack".

Apple has had its own problems with cryptocurrencies in the past. In August 2016, the tech giant had to remove several fake bitcoin wallets from the App Store after users of the digital currency were scammed out of thousands of dollars.

For anyone interested in observing the hourly fluctuations of bitcoin while maintaining a safe distance, free app CoinHub offers real-time quotes and up-to-date cryptocurrency news all within an impressive-looking dark-themed dashboard. [Direct Link]

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Bitcoin and blockchain: the future of money or overhyped? Join the debate

Are we facing the next frontier of currency? Like bartering and banknotes before it, blockchain could revolutionise the way we distribute wealth and account for our transactions. A recent World Economic Forum survey found that most experts think blockchain, the technology that underpins bitcoin, will become mainstream by 2025. But for every person who thinks blockchain is the future of money, there’s another that thinks it’s all just fantasy hype. We’ll be putting these opinions head-to-head.

The FT is hosting a debate that includes you, our readers, in an integral role. On Wednesday, September 14 at 1pm UK time, Izabella Kaminska of FT Alphaville will face Simon Taylor, co-founder and blockchain director of 11FS. Izabella thinks blockchain and bitcoin are an utter waste of time; Simon believes strongly in the future of crypto-currencies. The debate will be live for one hour, moderated by Carola Hoyos, editor of the FT’s report on accounting.

We want you to join in and help us write the story. Share your questions and opinions in the comments here (under Live Reader Comments), or by emailing ask@ft.com, before and through the debate. Together they will form the front page story of the FT's report on accountancy to be published on September 22.

Here is a terminology glossary for reference from Blockchain Technologies.

Read more

Bitcoin and blockchain: the future of money or overhyped? Join the debate

Are we facing the next frontier of currency? Like bartering and banknotes before it, blockchain could revolutionise the way we distribute wealth and account for our transactions. A recent World Economic Forum survey found that most experts think blockchain, the technology that underpins bitcoin, will become mainstream by 2025. But for every person who thinks blockchain is the future of money, there’s another that thinks it’s all just fantasy hype. We’ll be putting these opinions head-to-head.

The FT is hosting a debate that includes you, our readers, in an integral role. On Wednesday, September 14 at 1pm UK time, Izabella Kaminska of FT Alphaville will face Simon Taylor, co-founder and blockchain director of 11FS. Izabella thinks blockchain and bitcoin are an utter waste of time; Simon believes strongly in the future of crypto-currencies. The debate will be live for one hour, moderated by Carola Hoyos, editor of the FT’s report on accounting.

We want you to join in and help us write the story. Share your questions and opinions in the comments here (under Live Reader Comments), or by emailing ask@ft.com, before and through the debate. Together they will form the front page story of the FT's report on accountancy to be published on September 22.

Here is a terminology glossary for reference from Blockchain Technologies.

Read more