Bitcoin price LIVE: BTC nears $10k as JPMorgan backs bitcoin

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17.42 — UPDATE — Bitcoin is help above $10,000

The cryptocurrency’s current value is $10,046 with an increase of 8percent today.

16.49- UPDATE — Far assorted expensive to mine bitcoin in South Korea than it is in Venezuela

Agreeing to Elite Fixtures, a lighting and furniture firm it is far more expensive to hoard bitcoin in South Korea than it is in Venezuela.

Mining one bitcoin in South Korea costs $26,170. On the other shackles, it costs $531 to mine one bitcoin in Venezuela.

Venezuela is also blueprinting on releasing the Venezuelan cryptocurrency the ‘petro’ which will be backed by the states oil, gas, gold and diamond aplombs. Many see this digital asset as an attempt to get around US sanctions.

16.45 — UPDATE — Bitcoin is boundary closer and closer to $10,000 …

Currently, bitcoin is valued at $9,891. Will it hit the $10,000 dulcet spot today?

14.00 AFTERNOON HEADLINES

Backing from JPMorgan is prodigious for bitcoin especially after Jamie Dimon’s comments referring to it as a ‘flimflam artist’.  A report into bitcoin conducted by JPMorgan says that bitcoin is «dubious to disappear completely and could easily survive in varying forms and show improvements among players who desire greater decentralisation, peer-to-peer networks and anonymity, just as the latter is under threat».

Like numerous other financial players, JPMorgan sees value in blockchain technology. 

This news relate to as Imperial college Centre for Cryptocurrency Research and Engineering seems to be alluring more students.  Every month they hold a blockchain outcome where 100 -200 student attend. 

Bitcoin is currently prize at $9,732.

Bitcoin price LIVEGETTY

A Ukrainian hacker operation has been exposed

Ukrainian ‘poison ad’ hacker group is exposed

A Ukrainian mouldy group dubbed Coinhoarder has been exposed by Cisco’s Talos cybersecurity link up after stealing more than $50 million in cryptocurrency from purchasers of Blockchain.info, one of the most popular providers of digital currency purses.

The report reveals how thieves mastered a “very simple” technique be means of buying Google ads on popular search keywords related to cryptocurrency “to defile user search results” and snatch the contents of crypto wallets.

In in a word, if you ever searched for terms like “blockchain” or “bitcoin wallet,” you will-power see links to malicious websites masquerading as legitimate domains for Blockchain.info billfolds.

The “massive phishing campaign” was part of a six-month investigation between Cisco and Ukraine’s Cyberpolice.

Facebook interdicted all cryptocurrency ads earlier this year, and now Google is reported to be working to search out abusive ads.

Updates below throughout the day….

11.00am — UPDATE — Big sell? BTC falls

Bitcoin has die to $9,667, losing a large chuck of the day’s gains.

9.18am — UPDATE — ‘I regard the Bitcoin fashion as totally asinine’

BTC is priced at $9,936, a $458 dollar rise on the day so far.

Bitcoin, purl, ethereum and all other cryptocurrencies should be “destroyed” by the US Government because they are a “pestilence”, a billionaire investor who was the deputy to Warren Buffett has declared.

Charlie Munger, 94-years-old, is an outrageously successful Chairman of the Daily Journal Corporation, but he criticised the digital currencies while speech a crowd during a two-hour meeting in downtown LA.

In answering a question from an hot listener he criticised the increasing interest in cryptocurrencies as stupid.

He said: “I consider the Bitcoin craze as totally asinine.”

Read the full report here.

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