Price manipulation caused Bitcoin’s huge 2017 surge, researchers say

Bitcoin soared to enormous heights late last year to over $19,000 for a single digital coin. Researchers now say that the digital currency Tether was used to inflate the value of bitcoin late last year. Indeed, a blockchain analysis showed that a tin...

Cryptocurrency Ugly Sweaters Are Already Worth Double What You Paid for Them

One of the biggest buzzwords in finance and investing these days is “cryptocurrency.” These tiny packets of computer-signed, highly-secure, and highly-elusive data represent value, and are trading at ever more insane rates of exchange due to their rarity. Think of it as a modern-day gold rush, with cryptocurrencies like Bitcoin surging to more than 17 times their value 12 months ago. Of course, their value could drop just as rapidly as they increase, and the process of selling and trading can take days, so it’s a risky game to play with money you can’t afford to lose. That said, these cryptocurrency sweaters shouldn’t have the same type of insane valuation shifts.

The guys at HODLMOON are making a series of ugly holiday sweaters, inspired by well-known cryptocurrencies, and they’re actually pretty awesome. They’re showing off their knit sweaters in Bitcoin, Ethereum, and Litecoin designs, as well as some of the lesser-known monetary units like Monero, Neo, and Polymath. Each one features the currency’s logo, along with its financial symbol stitched in like snowflakes.

They’re available in sizes Small through 3XL, and made from 100% acrylic. Best of all, they’re just $59.99 US Dollars each, which is like 0.003509 of a Bitcoin at today’s exchange rate. So how can you afford not to buy one?!?!? It’s a sure thing!

[via @TaylorLorenz via Laughing Squid]