Day: October 10, 2017

Why FUD When You Can Fund? IMF Head Lagarde Shows New Attitudes To Crypto

Bitcoin is a safe haven that is unaffected by normal market factors. As these factors continue to escalate there could be a bigger trend towards digital currencies.

The new global project INS from the founders of Instamart products delivery service provides an opportunity to save up to 30% on everyday shopping. Blockchain technology and smart contracts eliminate the intermediate link of retailer, so that consumers get the product directly from the manufacturer. INS is disrupting the largest consumer retail market in the … Continue reading Another Use for Blockchain In Food-Tech

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Danny Masters traded commodities at some of the top financial institutions, but now he’s going toe-to-toe with them, betting big on bitcoin.

Quite a few discussions regarding SegWit2x are taking place as we speak. A lot of enthusiasts assume this blockchain will gain traction. That is mainly due to the current level of mining support for this concept. However, Just because there is so much intent to signal doesn’t mean S2X will become the new Bitcoin all … Continue reading What to Expect from SegWit2x and its Current Mining Support

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If the last five years have proven anything, it’s that cryptocurrencies like Bitcoin, Ethereum, and many others, are here to stay. But that’s not the only thing that can be said to be true at the moment. Time has shown that cryptocurrencies can be quite volatile, ever-changing constantly due to a variety of different factors. … Continue reading XTB To Organize a Free Seminar on Bitcoin for Beginners in London

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A lot of eyes will be on the Bitcoin price for the next few hours and days. Thanks to the gains made over the past 24 hours, we now have a Bitcoin price well above the $4,800 mark once again. It is evident a lot of people have been waiting to see this price point again, as it brings us a big step closer toward reaching $5,000 again. When that will happen exactly, remains to be determined, though.

Bitcoin Price Surges Continues Unabated

It is good to see the Bitcoin price go up once again. This trend has been visible for a few days in a row now. Considering we have seen two major Bitcoin price corrections this year alone, seeing the value return to $4,800 in quick succession is all the more impressive. Very few people had expected things to go this quickly, although it was only a matter of time until the Bitcoin price bull run would reach significant levels again.

While a lot of people may doubt the value of Bitcoin at any given point, this upward trend should not be ignored by any means. Cryptocurrency is not like any form of money the world has ever seen before, as it can’t be regulated, subjugated, or controlled in any possible way. Centralized companies providing services related to cryptocurrencies, however, may see their fair share of governmental scrutiny in the coming months and years.

Despite all of these hurdles, we now have a Bitcoin price of just over $4,800 again. This past week has been pretty spectacular in terms of growth, even though the small dip to $4,200 had a lot of people concerned. Sideways trading action appeared to be the logical outcome at that time, but things have picked up in terms of intensity shortly after. This $600 value gain since October 5th is pretty significant for Bitcoin, although it shows the initial correction and resistance was mainly manipulation more than anything else.

Moreover, it appears the Bitcoin trading volume is finally returning to the previous levels as well. To put this into perspective, the Bitcoin trading volume had dropped to around the $1.4bn mark last week. That is no longer the case right now, though, as we are back above the $2bn range for the first time in over a week. It is unclear if this means the volume will remain at this level for the foreseeable future, but things are certainly looking pretty solid right now.

Nothing has changed in terms of exchanges ranked by trading volume. Bitfinex is still clearly in the lead, with over twice the volume of Bithumb. This Korean exchange projects the Bitcoin price at $4,879.5, which may indicate the price will evolve in that particular direction over the next few days. bitFlyer is still in third place, although they value Bitcoin $50 below the global average right now. This is not uncommon, though, and should be no reason for concern whatsoever.

All things considered, there is plenty of reason to be excited about this current Bitcoin price trend. The positive momentum clearly shows demand for Bitcoin is growing, even though this doesn’t necessarily mean more people use it as a currency to buy goods or services. Then again, it only appears to be a matter of time until the Bitcoin price reaches $5,000 again. It will be interesting to see how things evolve from that point forward, to say the least.

If you’ve not heard of Erik Voorhees, then, chances are, you must be new to the world of Bitcoin and cryptocurrency – because he’s one of the most pre-eminent entrepreneurs in the industry. In fact, he featured heavily in Netflix’s Banking on Bitcoin documentary last year. (Worth watching, by the way, if you need a … Continue reading Why Erik Voorhees Keeps All His Assets in Bitcoin

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Development of the blockchain technology requires new solutions from the mining industry. Therefore production and technological giants join together, creating new large-scale bitcoin services and mining farms with the latest infrastructure to considerably increase the cryptocurrency generation capabilities. Individual miners won’t be able to compete with them, due to the sheer amount of processing power … Continue reading A Large-Scale Project by Mining Equipment Manufacturers Allows Individuals to Buy into It

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A former IMF economist has joined the chorus of critical voices on bitcoin of late, going so far as to predict that its price will collapse.

As more wallets reveal their stance on SegWit2x, Xapo has said it will call any chain

CNBC

Bitcoin suffers mystery flash crash on popular cryptocurrency index CNBC Bitcoin appeared to have a flash crash on Tuesday morning after falling over $600 in a few minutes, but only one index logged the price move. The digital currency had hit a high of $4,867 early on Monday, according to industry website CoinDesk, its ... Russian central bank plans to ban websites that offer bitcoinsEconomic Times Breaking: Russia Will Block Bitcoin Exchange Websites, Says Central Bank OfficialCryptoCoinsNews Bitcoin suffers a blow as Russia bans websites offering crypto-currenciesThe Express Tribune all 7 news articles »

Major European airline Lufthansa is partnering with a startup called Winding Tree to develop a blockchain-based travel marketplace with its own token.