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Saturday, October 21, 2017

Cryptocurrency News for 21 Oct 2017

 

Bitcoin surges above $6,000 for the first time on heavy trading volume

Bitcoin surges above $6,000 for the first time on heavy trading volume

 

Bitcoin surged 5 percent to a record high above $6,000 on high trading volume Friday.

The cryptocurrency hit a record high of $6,003.81 in late morning New York trading, according to CoinDesk. Bitcoin later pared some gains to trade around $5,905 by early afternoon.

Twenty-four hour trading volume in U.S. dollars for bitcoin was nearly $2 billion, versus the hundreds of millions for other digital currencies such as ethereum and the bitcoin offshoot, bitcoin cash, according to another industry data website, CoinMarketCap.

"In the last 24 hours and really the last few hours there has been a massive inflow of capital into bitcoin, significantly outweighing the amount of new money flowing into other cryptocurrencies," said Alex Sunnarborg, founding partner of cryptocurrency fund Tetras Capital.


Full story at http://cnb.cx/2xTQSlB


Source: CNBC


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Wall Street Can No Longer Dismiss Bitcoin, Demand is Too High

Wall Street Can No Longer Dismiss Bitcoin, Demand is Too High

 

It has become increasingly difficult for Wall Street to dismiss Bitcoin and the cryptocurrency markets, given the $95 bln market cap of Bitcoin, rapidly rising user bases of cryptocurrencies, and the increasing mainstream adoption of Bitcoin as a robust store of value.

Up until a few months ago, the vast majority of Wall Street analysts, bankers, and investors dismissed Bitcoin, describing it as a bubble, in an identical way the technology sector continued to condemn Amazon since its launch in 1997.

But, as the user base and market cap of Bitcoin and the rest of the cryptocurrency market soared, it has become challenging for Wall Street to blindly ignore the market, being fully aware that their failure to adopt Bitcoin and cryptocurrencies may result in the isolation of banks and financial institutions in the long-term from the promising cryptocurrency market.

Many billionaire investors and major financial institutions such as Mike Novogratz, Kyle Bass, and Goldman Sachs have decided to embrace Bitcoin and the cryptocurrency market, rather than compete against it. Notably, earlier this month, the market cap of Bitcoin surpassed that of Goldman Sachs, nearing towards the $100 bln mark.


Full story at http://bit.ly/2xUiDKR


Source: CoinTelegraph


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Leading Expert Says Bitcoin Will Soar Above $25,000 in 5 Years

Leading Expert Says Bitcoin Will Soar Above $25,000 in 5 Years

 

It has been almost a week since the latest historic Bitcoin price breakthrough, when the world’s most popular cryptocurrency surged past $5,300, only to reach $5,800just a few hours later. At time of writing, the price of the popular cryptocurrency has been hovering around $5,700 — up by more than $500 in 24 hours, and by $342 since last week.

Experts say the upward trend for Bitcoin will only continue: FundStrat Global Advisor co-founder Tom Lee believes the value of bitcoin could ultimately achieve a high of $25,000 in the next five years. Speaking to Business Insider for the first episode of their crypto-finance show “the bit,” Lee explained that bitcoin could eventually replace gold as the standard of financial value.

“I think this next generation of young people view bitcoin as their store of value. And if it captures 5% of the gold market, it’s worth at least $25,000 per unit,” Lee said.

Bitcoin is like a social network, Lee said. The more engagement bitcoin has, the higher its value will rise. “And in the short-term, we think bitcoin will reach at least $6,000 by mid-2018,” he added. That’s actually a moderate estimate: Other experts have predicted it could hit $6,000 before the end of this year. Crypto coin mogul Mike Novogratz recently told CNBC he believes that bitcoin could reach  $10,000 by April 2018.


Full story at http://bit.ly/2xTQQKv


Source: Futurism


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First World Fat Cat Jamie Dimon Doesn’t Understand Poverty, Bashes Bitcoin

First World Fat Cat Jamie Dimon Doesn’t Understand Poverty, Bashes Bitcoin

 

It’s said how little Jamie Dimon knows about the needs of people who live in the countries of South America, Central America, Africa and Asia.

Dimon keeps finding new ways to show his lack of understanding of Bitcoin, and of the economic realities of most of the world’s population. He recently said:

“If it can be done digitally with the Blockchain, so be it. But it will still be a dollar cryptocurrency. What I have an issue with is a non-fiat cryptocurrency. So crypto sterling, euro, yen, they are all fine. I don't personally understand the value of something that has no actual value.“

For an American millionaire with a narrow view of the world, he may be right. But for the inhabitants of more than 170 countries that do not have strong fiat currencies like sterling, euro, yen or dollars, Bitcoin definitely has value. An example from Brazil clearly demonstrates the benefits of transacting internationally with Bitcoin.


Full story at http://bit.ly/2xUu2dr


Source: CoinTelegraph


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Quiet Surge: Bitcoin Price Sets New High Just Below $6,000

Quiet Surge: Bitcoin Price Sets New High Just Below $6,000

 

The price of bitcoin has hit a new all-time high, crossing the $5,900 line for the first time.

Markets climbed as high as $5,996.10, according to CoinDesk's Bitcoin Price Index (BPI). This figure surpasses the previous all-time high set on October 13, when the price rose to $5,856.10.

BPI data shows that the price climbed more than $200 in the past hour, with markets showing an average price of $5,697 prior to the ramp. At press time, the price of bitcoin is trading at around $5,996.

Figures from CoinMarketCap.com show that some exchanges are currently reporting a price above $6,000, including Bitfinex and Bithumb, the world's two largest exchanges by volume.


Full story at http://bit.ly/2yCzsO5


Source: CoinDesk


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Bitcoin is heading to $10,000, CNBC survey says

Bitcoin is heading to $10,000, CNBC survey says

 

The price of bitcoin could be heading to over $10,000, nearly half of respondents to a CNBC survey said.

During the week, CNBC ran an unscientific survey online asking: "Where does bitcoin go from here?"

Forty-nine percent of the 23,118 people who voted said above $10,000. Similar calls have been made by market participants. Former hedge fund manager Michael Novogratz told CNBC in a recent interview that he sees bitcoin heading to $10,000 in the next six to 10 months.

One option that people could also vote for was: "Jamie Dimon is correct, you'll pay the price for buying." JPMorgan Chase CEO Dimon has been critical of bitcoin, calling it a "fraud" and said "if you're stupid enough to buy it, you'll pay the price for it one day." Just over a third (35 percent) of people sided with Dimon.


Full story at http://cnb.cx/2xTWcFF


Source: CNBC


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Crypto News: Bitcoin surges above $6,000 for the first time on heavy trading volume

Bitcoin surges above $6,000 for the first time on heavy trading volume

Bitcoin surged 5 percent to a record high above $6,000 on high trading volume Friday.

The cryptocurrency hit a record high of $6,003.81 in late morning New York trading, according to CoinDesk. Bitcoin later pared some gains to trade around $5,905 by early afternoon.

Twenty-four hour trading volume in U.S. dollars for bitcoin was nearly $2 billion, versus the hundreds of millions for other digital currencies such as ethereum and the bitcoin offshoot, bitcoin cash, according to another industry data website, CoinMarketCap.

"In the last 24 hours and really the last few hours there has been a massive inflow of capital into bitcoin, significantly outweighing the amount of new money flowing into other cryptocurrencies," said Alex Sunnarborg, founding partner of cryptocurrency fund Tetras Capital.


Full story at http://cnb.cx/2xTQSlB


Source: CNBC


Tweet This Story

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Waves my wallet address is: 3PPeCnXEDAiRVzvsuGRycrNDHhWgDq68uVt
If you use Bitcoin my wallet address is: 12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

Bitcoin QR-Code

Crypto News: Wall Street Can No Longer Dismiss Bitcoin, Demand is Too High

Wall Street Can No Longer Dismiss Bitcoin, Demand is Too High

It has become increasingly difficult for Wall Street to dismiss Bitcoin and the cryptocurrency markets, given the $95 bln market cap of Bitcoin, rapidly rising user bases of cryptocurrencies, and the increasing mainstream adoption of Bitcoin as a robust store of value.

Up until a few months ago, the vast majority of Wall Street analysts, bankers, and investors dismissed Bitcoin, describing it as a bubble, in an identical way the technology sector continued to condemn Amazon since its launch in 1997.

But, as the user base and market cap of Bitcoin and the rest of the cryptocurrency market soared, it has become challenging for Wall Street to blindly ignore the market, being fully aware that their failure to adopt Bitcoin and cryptocurrencies may result in the isolation of banks and financial institutions in the long-term from the promising cryptocurrency market.

Many billionaire investors and major financial institutions such as Mike Novogratz, Kyle Bass, and Goldman Sachs have decided to embrace Bitcoin and the cryptocurrency market, rather than compete against it. Notably, earlier this month, the market cap of Bitcoin surpassed that of Goldman Sachs, nearing towards the $100 bln mark.


Full story at http://bit.ly/2xUiDKR


Source: CoinTelegraph


Tweet This Story

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Waves my wallet address is: 3PPeCnXEDAiRVzvsuGRycrNDHhWgDq68uVt
If you use Bitcoin my wallet address is: 12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

Bitcoin QR-Code

Crypto News: Leading Expert Says Bitcoin Will Soar Above $25,000 in 5 Years

Leading Expert Says Bitcoin Will Soar Above $25,000 in 5 Years

It has been almost a week since the latest historic Bitcoin price breakthrough, when the world’s most popular cryptocurrency surged past $5,300, only to reach $5,800just a few hours later. At time of writing, the price of the popular cryptocurrency has been hovering around $5,700 — up by more than $500 in 24 hours, and by $342 since last week.

Experts say the upward trend for Bitcoin will only continue: FundStrat Global Advisor co-founder Tom Lee believes the value of bitcoin could ultimately achieve a high of $25,000 in the next five years. Speaking to Business Insider for the first episode of their crypto-finance show “the bit,” Lee explained that bitcoin could eventually replace gold as the standard of financial value.

“I think this next generation of young people view bitcoin as their store of value. And if it captures 5% of the gold market, it’s worth at least $25,000 per unit,” Lee said.

Bitcoin is like a social network, Lee said. The more engagement bitcoin has, the higher its value will rise. “And in the short-term, we think bitcoin will reach at least $6,000 by mid-2018,” he added. That’s actually a moderate estimate: Other experts have predicted it could hit $6,000 before the end of this year. Crypto coin mogul Mike Novogratz recently told CNBC he believes that bitcoin could reach  $10,000 by April 2018.


Full story at http://bit.ly/2xTQQKv


Source: Futurism


Tweet This Story

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Waves my wallet address is: 3PPeCnXEDAiRVzvsuGRycrNDHhWgDq68uVt
If you use Bitcoin my wallet address is: 12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

Bitcoin QR-Code

Crypto News: First World Fat Cat Jamie Dimon Doesn’t Understand Poverty, Bashes Bitcoin

First World Fat Cat Jamie Dimon Doesn’t Understand Poverty, Bashes Bitcoin

It’s said how little Jamie Dimon knows about the needs of people who live in the countries of South America, Central America, Africa and Asia.

Dimon keeps finding new ways to show his lack of understanding of Bitcoin, and of the economic realities of most of the world’s population. He recently said:

“If it can be done digitally with the Blockchain, so be it. But it will still be a dollar cryptocurrency. What I have an issue with is a non-fiat cryptocurrency. So crypto sterling, euro, yen, they are all fine. I don't personally understand the value of something that has no actual value.“

For an American millionaire with a narrow view of the world, he may be right. But for the inhabitants of more than 170 countries that do not have strong fiat currencies like sterling, euro, yen or dollars, Bitcoin definitely has value. An example from Brazil clearly demonstrates the benefits of transacting internationally with Bitcoin.


Full story at http://bit.ly/2xUu2dr


Source: CoinTelegraph


Tweet This Story

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Waves my wallet address is: 3PPeCnXEDAiRVzvsuGRycrNDHhWgDq68uVt
If you use Bitcoin my wallet address is: 12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

Bitcoin QR-Code

Crypto News: Bitcoin is heading to $10,000, CNBC survey says

Bitcoin is heading to $10,000, CNBC survey says

The price of bitcoin could be heading to over $10,000, nearly half of respondents to a CNBC survey said.

During the week, CNBC ran an unscientific survey online asking: "Where does bitcoin go from here?"

Forty-nine percent of the 23,118 people who voted said above $10,000. Similar calls have been made by market participants. Former hedge fund manager Michael Novogratz told CNBC in a recent interview that he sees bitcoin heading to $10,000 in the next six to 10 months.

One option that people could also vote for was: "Jamie Dimon is correct, you'll pay the price for buying." JPMorgan Chase CEO Dimon has been critical of bitcoin, calling it a "fraud" and said "if you're stupid enough to buy it, you'll pay the price for it one day." Just over a third (35 percent) of people sided with Dimon.


Full story at http://cnb.cx/2xTWcFF


Source: CNBC


Tweet This Story

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Waves my wallet address is: 3PPeCnXEDAiRVzvsuGRycrNDHhWgDq68uVt
If you use Bitcoin my wallet address is: 12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

Bitcoin QR-Code

Friday, October 20, 2017

Breathe


Don't change so people will like you


Stephen Covey


C.S. Lewis


Ralph Waldo Emerson


Anthony Hopkins


Robin Sharma


Mark Twain


Diogenes


Knowledge vs Wisdom


Life always offers you a second chance


Thomas Hobbes


Quiet Surge: Bitcoin Price Sets New High Just Below $6,000

Quiet Surge: Bitcoin Price Sets New High Just Below $6,000

The price of bitcoin has hit a new all-time high, crossing the $5,900 line for the first time.

Markets climbed as high as $5,996.10, according to CoinDesk's Bitcoin Price Index (BPI). This figure surpasses the previous all-time high set on October 13, when the price rose to $5,856.10.

BPI data shows that the price climbed more than $200 in the past hour, with markets showing an average price of $5,697 prior to the ramp. At press time, the price of bitcoin is trading at around $5,996.

Figures from CoinMarketCap.com show that some exchanges are currently reporting a price above $6,000, including Bitfinex and Bithumb, the world's two largest exchanges by volume.


Full story at http://bit.ly/2yCzsO5


Source: CoinDesk


Tweet This Story

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Waves my wallet address is: 3PPeCnXEDAiRVzvsuGRycrNDHhWgDq68uVt
If you use Bitcoin my wallet address is: 12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

Bitcoin QR-Code

Cryptocurrency News for 20 Oct 2017

 

Bulls Take Breather? Bitcoin Slows as Price Struggles to Breach $6,000

Bulls Take Breather? Bitcoin Slows as Price Struggles to Breach $6,000

 

Evidence is growing that a recent rally in bitcoin prices may be nearing its end.

While bitcoin has been on a tear of late, rising from a Sept. 29 low of $2,980 to new highs above $5,800 last week, the bitcoin-US dollar (BTC/USD) exchange rate failed to capitalize on this upward movement over the weekend's trading sessions.

At press time, bitcoin is trading at $5,700, up 2.5% over the last 24 hours as per CoinMarketCap. Week-on-week, the crypotcurrency is up 19%, while on a monthly basis it is up 52%.

As for the specific reasons for the increase, pundits and observers are still struggling to identify a catalyst for the blast above the psychological hurdle of $5,000. However, one of the more plausible theories is that many are buying bitcoins on hopes that a hard fork in November might end up creating money out of the thin air.


Full story at http://bit.ly/2xOoWzi


Source: CoinDesk


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China Could Make Bitcoin Buzz Again as National Congress Looms

China Could Make Bitcoin Buzz Again as National Congress Looms

 

Having felt China’s influence before, this week it is important to keep an eye on the communist state as they gear up for their 19th National Congress of the Communist Party of China (CPC).

This form of elections essentially for the totalitarian party will see some reshuffling and power plays between top officials who either fall on the conservative side, or the progressive. In the middle is Bitcoin, and it is being used as a powerful political pawn.

Held every five years, the party congress elects the party’s top officials. It is also a forum for a showdown between the conservative forces of the party, which want to preserve the old system of central planning and state ownership and control of key industries - including banking - and the progressive forces, which want to limit government ownership and control of the economy.

"Understandably then Bitcoin is the new hammer and sickle of the progressive group while it flies in the face of the conservative traditionalists. This, many believed, is why it was banned in the first place, as a power play by the traditionalists."


Full story at http://bit.ly/2xP0xK8


Source: CoinTelegraph


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As India’s Government Wars Against Cash, Bitcoin is Sought in Exchange

As India’s Government Wars Against Cash, Bitcoin is Sought in Exchange

 

India is the world’s largest democracy. With over one billion people, its government often lurches and sputters to find the right fix on any number of issues. This is especially true in matters of monetary policy.

When it felt duty-bound to effectively sack its INR in the most popular amounts, it did so without warning. One day 500 and 1000 INR bills were legal tender, the next day they were not. Indians were pushed to banks, hoping to salvage what might be left of their personal wealth.

The equivalent in the United States might be if 10 and 20 USD paper was no longer useable.

India also has an enormous unbanked population, and its poverty levels have been extensively publicized. These are the people who live on smaller numbered cash bills, be they for employment or simple market transactions.


Full story at http://bit.ly/2xOiwQK


Source: Bitcoin News


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Bitcoin is ‘Fast, near Real-Time and Convenient’: Philippines Central Bank Official

Bitcoin is ‘Fast, near Real-Time and Convenient’: Philippines Central Bank Official

 

The deputy director of the Philippines’’ central bank has highlighted the advantages of using cryptocurrencies like bitcoin after releasing regulations for the industry earlier this year.

The Bangko Sentral ng Pilipinas (BSP), the Philippine central bank, published regulationsfor bitcoin exchanges earlier this year. In a statement at the time, the central bank said it “recognizes that virtual currency systems have the potential to revolutionize delivery of financial services particularly for payments and remittance, in view of their ability to provide faster and more economical transfer of funds, both domestic and international, and may further support financial inclusion.”

The move to regulate the local bitcoin industry was the first of its kind for an Asian nation. A significant factor leading to those regulations is the soaring growth in cryptocurrency transactions in the country. BSP deputy director Melchor Plabasan claimed that the Philippines is seeing upwards of $6 million in cryptocurrency transactions monthly, compared to $2 million a few years ago. He underlined the authority’s recently released guidelines as a “pioneering regulation” that was among the first in the world.


Full story at http://bit.ly/2xO06Q5


Source: CryptoCoinsNews


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Bitcoin is finally buying into US real estate

Bitcoin is finally buying into US real estate

 

Bitcoin is already in retail and restaurants — so it was only a matter of time before the cryptocurrency took on real estate. That time is now. Bitcoin is slowly making its way into closings on everything from Lake Tahoe land in California to Manhattan condos to single-family homes in the heart of Texas.

"Our buyer has evolved, they've moved from mom and pops to young people who want to pay with various forms of payment," said Ben Shaoul, president of Magnum Real Estate Group. "Cryptocurrency is something that has been asked of us — 'Can you take cryptocurrency? Can we pay that way?' — and of course when somebody wants to pay you with a different form of payment, you're going to try to work with them and give them what they want, especially in a very busy real estate market."

Shaoul is redeveloping a building on Manhattan's Lower East Side, turning it into condominiums priced between $700,000 and $1.5 million. He admits that there is currently a lot of inventory in the market, and therefore having an edge over his competitors is especially key. Bitcoin, he hopes, will be that edge.

"I think the demographic of the crypto user is a younger millennial, but, that being said, you have a lot of people come over from other countries, who are buyers from different places, who like to trade in different types of currency. Not everyone wants to trade in dollars or yen or euros," Shaoul said.


Full story at http://cnb.cx/2xNVOsb


Source: CNBC


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Fork Debate Drops to New Low, Outspoken Developer Lopp’s Home Surrounded by Police

Fork Debate Drops to New Low, Outspoken Developer Lopp’s Home Surrounded by Police

 

Online forums were bursting with outrage over a new low in the fork controversy popularly known as Segwit2x or the scaling debate.

“They essentially tried to get him or his family killed, only takes a simple mistake and [you’re] dead, happens regularly with [SWAT]. Essentially attempted murder, IMO. Whoever did that to him you are scum of the earth,” one poster characterized the event.

Another commenter on a rival forum added “this is dangerous and a very low move,” while yet another agreed and stated plainly, “Anyone who supports [either side in the fork debate] should absolutely condemn such tactics.”

Monday around 9 in the morning, Durham, North Carolina police were dispatched to Jameson Lopp’s house in an effort to address a hostage situation.


Full story at http://bit.ly/2xOiAzY


Source: Bitcoin News


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Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Waves my wallet address is: 3PPeCnXEDAiRVzvsuGRycrNDHhWgDq68uVt
If you use Bitcoin my wallet address is: 12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

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