Latest News On Cryptocurrencies

The tales of  fortunes made on Bitcoin  are numerous, but every now and then a unique and lovable tale captures the hearts of many - and has them green with envy. Enter Eddy Zillan, who made a fortune investing the money he was gifted for his Bar Mitzvah on various cryptocurrencies. According to  The Telegraph , the young investor entered the market at the tender age of 16-years-old. Playing around with an initial $1,000, his trading hobby was boosted by a $5,000 injection from his Bar Mitzvah. The industrious youngster wasn’t just bank-rolled, he worked during holidays to make more money to invest. “I then invested another $6,000 through money I earned and saved from working summer jobs.” Seeing some returns on his investments, Zillan went about researching the tricks of the trading world as he looked to make his money work. He entered the market at a time when there was little information on cryptocurrency trading - considering himself a self-taught tra...

An Auckland man sold his house and spent all the proceeds on trying to make his fortune through virtual currencies. The 30-year-old IT professional, who didn't want to reveal his identity, has created a "virtual-currency mine" at a secret west Auckland location; a small room filled with incredibly powerful computer hardware that trawls through millions of transactions a second. The man first became interested in the monetary phenomenon in 2013 when the price of a bitcoin was about $1. Earlier today, bitcoin was worth in excess of US$18,000. Despite an unremarkable start to his venture, a friend suggested he purchase more equipment to increase his returns. "Then we got talking: What if we put $5000 into it? What if we put $10,000 into it? What if we sold the house and put it into all of these? "That's literally what I did: Sold the house in Hamilton and here we are today." With the $60,000 equity he received from the $300,000 sale, he purch...