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.

DQdtvFsW0AAFrFa


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]

Tag: Bitcoin

Top Rated Comments

blackcrayon Avatar
blackcrayon
69 months ago
Just last month I tried to download two completely different MacOS Bitcoin applications from macupdate.com and after the DMG files downloaded my antivirus gave me an alert both times that the files were infected and it deleted the downloads.
If the MacOS community files are infected you can imagine how much more the Windows community.
It's only a matter of time that some clever hacker infects an Apple App Store and iOS App Store with some type of root crack.
Still going to be really difficult on iOS. Almost akin to a userland instant jailbreak. Then again, there would be monetary incentive that the current jailbreak teams might not have...

The ugliness of unregulated free market.
But the beauty of potentially world-changing disruptive technology. It's going to have a rough start but let's see where we are in five years.
Score: 7 Votes (Like | Disagree)
Krayzkat Avatar
Krayzkat
69 months ago

It's only a matter of time that some clever hacker infects an Apple App Store and iOS App Store with some type of root crack.
like entering a blank password?
Score: 5 Votes (Like | Disagree)
960design Avatar
960design
69 months ago
like entering a blank password?
Too soon.... just, too soon.
[doublepost=1512736207][/doublepost]
The ugliness of unregulated free market.
Possibly the money of the future world.
Score: 4 Votes (Like | Disagree)
haruhiko Avatar
haruhiko
69 months ago
The ugliness of unregulated free market.
Score: 3 Votes (Like | Disagree)
gnipgnop Avatar
gnipgnop
69 months ago
It's not currency. It's a speculative commodity, thus the crazy ups and downs and value that has no real connection to the economy as a whole.
Score: 3 Votes (Like | Disagree)
mariusignorello Avatar
mariusignorello
69 months ago
Right now Bitcoin is in the stage where the visionaries will take action (and profit :)) and the naysayers will shrug it off and worry about bugs (therefore getting the short end of the stick by choice).

Like a startup, there is risk. The ones who want to make it big know how to mitigate the risk.
Score: 3 Votes (Like | Disagree)
Read All Comments

Popular Stories

iOS 16

iOS 16.4 for iPhone Nearing Launch With These 5 New Features

Monday March 20, 2023 11:50 am PDT by
Apple says iOS 16.4 is coming in the spring, which began this week. In his Sunday newsletter, Bloomberg's Mark Gurman said the update should be released "in the next three weeks or so," meaning a public release is likely in late March or early April. iOS 16.4 remains in beta testing and introduces a handful of new features and changes for the iPhone. Below, we have recapped five new features ...
Read Full Article
apple park at night 1

Apple 'Tracking Employee Attendance' in Crackdown on Remote Working

Thursday March 23, 2023 3:41 am PDT by
Apple is tracking the attendance of its employees at offices using badge records in order to ensure they are coming in at least three times a week, according to Platformer's Zoë Schiffer. Since April 2022, Apple employees have been operating on a hybrid home/office work policy as part of a gradual return strategy following the pandemic, with staff required to work from the office at least...
Read Full Article • 317 comments
iphone 14 pro max deep purple feature purple

iPhone 15 Pro Rumor Recap: 10 New Features and Changes to Expect

Thursday March 23, 2023 6:42 am PDT by
While the iPhone 15 series is still around six months away from launching, there have already been plenty of rumors about the devices. Many new features and changes have been rumored for the iPhone 15 Pro and iPhone 15 Pro Max in particular. Below, we have recapped 10 changes rumored for iPhone 15 Pro models that are not expected to be available on the standard iPhone 15 and iPhone 15 Plus:A1...
Read Full Article • 98 comments
dynamic island

iPhone 15 Dynamic Island to Include New Integrated Proximity Sensor

Friday March 24, 2023 12:27 am PDT by
This year, all iPhone 15 models will include Apple's Dynamic Island that unifies the pill and hole cutouts at the top of the display, but there will also be a material change to the feature that wasn't included in the iPhone 14 Pro models. According to a new tweet by Apple industry analyst Ming-Chi Kuo, the proximity sensor on the iPhone 15 series will be integrated inside the Dynamic Island ...
Read Full Article • 70 comments
maxresdefault

Nothing Launches $149 Ear (2) Wireless Earbuds to Compete With AirPods Pro 2

Wednesday March 22, 2023 9:48 am PDT by
Nothing today announced the launch of its second-generation wireless earbuds, the Nothing Ear (2), which offer many of the same features as Apple's AirPods Pro 2 at a lower price point. We went hands-on with the Ear (2) earbuds to see whether they're a viable alternative to the AirPods Pro 2 for those who want to save some cash. The Ear (2) earbuds are the successor to the Nothing Ear (1),...
Read Full Article • 91 comments
voice isolation

iOS 16.4 Adds Voice Isolation for Cellular Phone Calls

Tuesday March 21, 2023 11:01 am PDT by
The iOS 16.4 update that is set to be released to the public in the near future includes voice isolation for cellular calls, according to notes that Apple shared today. Apple says that Voice Isolation will prioritize your voice and block out the ambient noise around you, making for clearer phone calls where you can better hear the person you're chatting with and vice versa. Voice...
Read Full Article • 81 comments
TMobile Sprint

Apple Stops Allowing Sprint iPhone Activations, Removes Sprint References From Online Store

Thursday March 23, 2023 12:06 pm PDT by
Apple is no longer allowing customers who purchase an iPhone, cellular iPad, or Apple Watch to activate a device with now-defunct mobile carrier Sprint. Apple has also removed remaining references to Sprint from its online store. When checking out with a new purchase, Sprint is no longer an option for connectivity, a change that Apple appears to have implemented today. Prior to now, Sprint...
Read Full Article • 64 comments
airpodsd 3 purple 4

iOS 16.4 Seemingly References New AirPods and AirPods Case

Tuesday March 21, 2023 11:43 am PDT by
The iOS 16.4 release candidate version that was provided to developers today appears to hint at a new set of AirPods that could be coming in the near future. According to @aaronp613, the beta features references to AirPods that have a model number of A3048 and an AirPods case with a model number of A2968. There have been no rumors that new AirPods are on the horizon, and it is early for...
Read Full Article • 66 comments