Bitcoin Does It Again: New Record High Over $4,700

Bitcoin Does It Again: New Record High Over $4,700

It seems like Bitcoin has forgotten how to not keep breaking records. The first and most popular cryptocurrency has once again topped itself earlier today by trading at $4,703.21 out-pacing its previous high of $4,522.13 that set it back just a few weeks ago on the 18th of August.   Image credit: Screenshot from CoinDeskAt the time of writing, the price has dipped ever so slightly, yet still remains well over that previously set high. As a whole, the cryptocurrency is up over 350 percent from its value at the beginning of the year. Many late adopters may be kicking themselves for not getting in on the ground floor and making easy money, but according to a top strategist, a single Bitcoin could end up being worth up to $20,000 in the next three years. So if you’ve got the extra…

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Bitcoin News 29 August 2017 – SEC Clamping Down on ICO’s

Bitcoin News 29 August 2017 – SEC Clamping Down on ICO’s

Bitcoin News today leads with the news that The U.S. Securities and Exchange Commission (SEC) issued a warning about companies making Initial Coin Offering (ICO) claims, market manipulation as well as “pump and dump” schemes. The number of ICO’s has rapidly escalated during 2017 and this has piqued the interest of regulators from China to the USA.       In other News Headlines:-   Saxo Bank – A Denmark-based multi-asset and trading institution just added exchange-traded notes for Bitcoin. The bank recently stated they are allowing clients to gain exposure to bitcoin. Yet another group of investors to be exposed to Bitcoin.   The TUI Group, the world’s largest tourism company goes big on blockchain – The CEO Friz Joussen elaborated on BedSwap “It’s a smart contract blockchain. So, we have all our contracts on the block chain, and…

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Bitcoin News 28 August 2017 – Bitcoin EFT’s Become More Likely as New ETF’s filed with SEC

Bitcoin News 28 August 2017 – Bitcoin EFT’s Become More Likely as New ETF’s filed with SEC

Bitcoin News today with the leading story reporting that two more Bitcoin ETFs have been filed with the U.S. Securities and Exchange Commission (SEC). “Rex Bitcoin Strategy ETF” and “Rex Short Bitcoin Strategy ETF”. Their investments will include US-listed Bitcoin derivatives. Once ETF’s are listed on stock exchanges, this will open up the opportunity for thousands of investors such as institutions, banks, pension funds, insurance funds, hedge funds and any individual who has an account with the stock exchange. This could put a fire under Bitcoins price. According to a Bloomberg analyst, the listing of Bitcoin ETF’s is becoming more likely.   FacebookTwitterSubscribe   Other News in the headlines   South Korea is a country embracing cryptocurrency in a big way. A top mobile stock trading app is launching a cryptocurrency exchange for Bitcoin and Ether which will introduce crypto…

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Cindicator: Hybrid Intelligence Will Replace Venture Investment Funds

Cindicator: Hybrid Intelligence Will Replace Venture Investment Funds

Cindicator could pass as a yet another prediction market, however, on closer look it becomes clear it’s not one. ForkLog contacted the project’s co-founders, Yuri Lobyntsev and Mikhail Brusov so that they could clarify what’s behind their ambitious ideas and plans. Forklog: Possibly, everyone who studied Cindicator’s basic ideas was intrigued by the formula or “collective wisdom + AI = hybrid intelligence.” What’s the functions that the AI will perform at the prediction market, and how will it interact with user predictions? Yuri Lobyntsev: First of all, our AI has nothing to do with prediction markets. There are numerous differences between our approach and a classic prediction market, and it’s important. Analysts risk their money by making predictions at a prediction market, and those markets are created by customers who pay for that. In our case, there are no bets,…

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Russia to Ban Selling Bitcoin to Individuals

Russia to Ban Selling Bitcoin to Individuals

Russia’s ministry of finance intends to ban selling bitcoins to individuals, the deputy minister of finance Alexei Moiseev stated in his interview with Rossiya-24 news channel. According to him, the ministry proposes to consider cryptocurrencies a financial asset, and sell them via the Moscow Stock Exchange under the supervision by the Rosfinmonitoring. Only qualified investors will be able to access buy and sell operations. “As for so-called traditional cryptocurrencies like Bitcoin, there are, of course, different opinions. There’s opinion that it’s a Ponzi scheme, and generally it’s hard to deny that. In this connection, investment in such a tool is highly risky. That’s what defines our approach towards their regulation. We offer not to call it a currency, and not to regulate it as a currency. There’s a notion of “other property” in the Civil Code, so we may classify…

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Vietnam Will Legally Recognize Bitcoin as Valid Currency by 2019

Vietnam Will Legally Recognize Bitcoin as Valid Currency by 2019

Bitcoin has been doing quite well since the start of the year. From barely hitting a value of $1,000 to now being worth much more than three times the price of gold, the first and most popular cryptocurrency is skyrocketing in value as well as notoriety. In an exciting development establishing the legitimacy of the cryptocurrency, the government of Vietnam is beginning to set in motion systems that would recognize bitcoin as a legal currency in the country. The regional news service VNA broke news that “Prime Minister Nguyen Xuan Phuc this week approved a plan to scrutinize and streamline the legal framework for the management of cryptocurrencies such as Bitcoin in Vietnam.” Click to View Full InfographicThis directive will allow the government to explore how this policy should be implemented, and a plan should be ready in a year’s time. From…

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Bitcoin Exchange BTC-e Cites Political Motives Behind Crackdown

Bitcoin Exchange BTC-e Cites Political Motives Behind Crackdown

BTC-e operators have made an announcement confirming the platform is preparing for re-launch. In their update at Bitcointalk, the spokespersons for the exchange wrote: “Currently the process of transferring digital resources to the investment company is underway. The company is preparing for re-launch. As announced earlier, users will be able to withdraw 55% of their assets after the launch.” The exchange has also stated that it sees political motives and pressure from the U.S. authorities behind the exchange’s shutdown last month. BTC-e was the target of a law enforcement operation in late July, during which one of its alleged operators was arrested in Greece. U.S. authorities later seized BTC-e’s web domain and unsealed a 21-count indictment, accusing Russian national Alexander Vinnik and BTC-e of facilitating the laundering of billions of dollars via bitcoin, along with a $110 million fine. Yet…

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Expert Predicts Bitcoin Will be Worth up to $20,000 in the Next Three Years

Expert Predicts Bitcoin Will be Worth up to $20,000 in the Next Three Years

Bitcoin is on an ever-upward trend lately. Today, the world’s first and most popular cryptocurrency is flirting with $4,500 in valuation. Bitcoin is now more than three times more valuable than gold., and, according to one expert, Ronnie Moas of Standpoint Research, we are still only at the tip of the iceberg. Moas spoke with CoinDesk about his forecast for the cryptomarket. He predicts that all cryptocurrencies will be worth $2 trillion in the next 10 years, a significant bump from their current standing at $150 billion. Moas sees a direct parallel between the crypto market and the “dot-com boom” of the 1990s. Click to View Full Infographic“I am not any more concerned with bitcoin being at a record high than Amazon or Google investors were concerned when those share prices jumped hundreds of percent and hit $100 and $200 many…

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Bitcoin and Altcoins: Blockfolio App Review – Thumbs Up!

Bitcoin and Altcoins: Blockfolio App Review – Thumbs Up!

What is Blockfolio? According to the website, Blockfolio is a Bitcoin and Altcoin Portfolio where they “offer a complete cryptocurrency management, with easy to use tools to keep track of all your cryptocurrency investments. Get detailed price and market information for individual currencies and your entire portfolio all in one place”   With features such as Charts and Price notifications in various currencies such as USD, CNY, EUR, GBP, AUD, CAD, SEK, BRL, and others, downloading the Blockfolion is a must!   Also, a great way to track a new currency such as EOT – Encryption of Things     Download the Blockfolio app here   Collect your FREE PDF – The Bitcoin Believers Business Manifesto FacebookTwitterSubscribe Please leave your questions and comments below: Learn more by clicking on the image BELOW   Introducing the World’s First Blockchain phone, the…

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Brokerage Company EXANTE Launches First Altcoin Index-based Investment Fund

Brokerage Company EXANTE Launches First Altcoin Index-based Investment Fund

Malta-based brokerage company EXANTE has launched a fund based on altcoin index. We have just launched the first investment fund based on a #cryptocurrency index. Meet https://t.co/osLH8Dk85k, exclusive at #EXANTE — EXANTE (@EXANTE_EU) 24 August 2017 Underlying the XAI.Fund is XNT Altcoin Index (XAI). Currently it supports six main altcoins: Ethereum, Ethereum Classic, Ripple, Monero, Litecoin, and ZCash. The company explained this choice by the fact that said altcoins account for 30% of the entire market. “We intentionally did not include Bitcoin in the index: thus, our market cap weighted index became even more promising,” the company’s statement reads. Initially, management of those assets will be available via a personal manager, yet the company intends to bring the option to their trading platform as well. The fee will comprise 0.5% of the transaction’s amount, with the minimal lot being 0.001…

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Bitcoin News 24 August 2017 – Bitcoin’s SegWit Finally Activated

Bitcoin News 24 August 2017 – Bitcoin’s SegWit Finally Activated

Bitcoin news today which leads with SegWit being activated – bringing the years-long debate over the “contentious code upgrade to an official close”. Now the next discussion and agreement looms – doubling the blocksize from 1Mb to 2 Mb – all this to allow Bitcoin to scale and reduce transaction time.     FacebookTwitterSubscribe   Other News headlines:-   The Yours Network Switches from Litecoin to Bitcoin Cash for Cheaper Micropayments – Initially launched with Bitcoin but transaction fees became too high to justify micro payments.   Blockchain-driven digital identity fraud firm Civic has partnered up with wiki how to provide its user base with login security – Identity theft is a huge problem in the world and Civic are playing a vital role to reduce this statistic.   Tech giants like Amazon and Facebook more disruptive to banks than…

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Estonia Could Be the First Country in the World to Introduce Its Own Cryptocurrency

Birth of the Estcoin Estonia is mulling over the idea of issuing its own cryptocurrency, known as estcoins, which would make the country the first in the world to complete an Initial Coin Offering (ICO). Previously, China has tested its own coin, and Russia demonstrates an interest in Ethereum. The proposal is an extension of Estonia’s e-Residency program, which allows non-residents and people who want to establish a business in the country virtually to take advantage of elements of the government’s online infrastructure. A blog post from the project manager of the e-Residency program, Kaspar Korjus, states that the program currently receives more applications in a week than there are births across the whole of Estonia in the same timeframe. One of the biggest concerns for any government looking to accept crypto tokens is the threat of illicit usage. One of…

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Mark Cuban Just Backed a “People-Driven” $20 Million Token Fund

Blockchain is about more than just Bitcoin, or even cryptocurrency in general: it is a platform that has to potential to transform the way we connect to each other. The field is currently saturated, and still growing, with blockchain platforms and cryptocurrencies seemingly popping up daily. In an email to Forbes, celebrity investor Mark Cuban wrote, “Like Amazon and Google came out of the internet bubble there will be winners and losers in cryptocurrencies. It’s too hard to buy for most people, harder to trust that it won’t be hacked, and even harder for most to understand.” Cuban cast a vote of confidence for one emerging crypto venture fund, 1confirmation. The fund is hoping to completely revamp how business is done in digital space. Its founder, Coinbase alum Nick Tomaino, envisions a people-driven platform. “The most interesting and useful thing about blockchains is…

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Bitcoin Cash Price Rises While Bitcoin and Ethereum Drop

Bitcoin Cash Price Rises While Bitcoin and Ethereum Drop

Bitcoin, Bitcoin Cash, and Ethereum experienced a few changes since Monday, with some rising to new heights and others dipping down. As reported by Business Insider, both Bitcoin and Ethereum, the two biggest cryptocurrencies, have seen a single-digit percentage drop, while Bitcoin Cash has seen a double-digit rise. Bitcoin dropped 2.2 percent against the US dollar as of Tuesday morning, and is now valued at $4,004.67. Ethereum, which recently announced its Metropolis update, saw a slightly larger drop than Bitcoin, dropping 3 percent to $310.32. This drop continued the currency’s struggles to hit $350, and it’s unclear how the Metropolis update will further affect Ether token prices. Bitcoin’s 2.2 percent drop. Image Credit: Business InsiderAlthough Bitcoin Cash only split from Bitcoin very recently, at the beginning of August, it quickly became the third-biggest cryptocurrency in the world. Compared to the top two,…

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Here’s Why Bitcoin Rose More than $1,000 in Two Months

Here’s Why Bitcoin Rose More than $1,000 in Two Months

Outstanding Performance So far, 2017 has been an eventful year for Bitcoin. The platform recently endured a hard fork that saw it split in two and come out seemingly unscathed. Meanwhile, the cryptocurrency has risen from relative obscurity to become a popular topic of discussion in the mainstream, with everyone from Bloomberg to Forbes covering it regularly. The year isn’t even over, and bitcoin has reached numerous milestones already, both in terms of its own history and that of cryptocurrency in general. Overall, Bitcoin seems to be steadily trending upward, with even greater heights predicted for the platform’s future. So, how did a cryptocoin originally associated with the internet’s darkest corners become a popular contender for the future of financial and other transactions? Longevity seems to play a factor. After years of trading, the coin has proven itself as here to stay, leading…

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The Ethereum Platform Will Undergo a Major Upgrade in September

A Long-Awaited Improvement We now have a timeframe for when one of the most anticipated events in the world of cryptocurrencies is going to occur. Last week, the Ethereum team announced that their Metropolis hard fork will take place toward the end of September 2017. The announcement comes roughly six months after the company revealed their 2017 Road Map and less than a month following bitcoin’s split into bitcoin and bitcoin cash. This fork will implement a number of changes and improvements, including higher levels of anonymous transactions, easier programming and smart contracts, and additional security in the form of masking, which will help protect users against hacking. The upgrade was expected to include a “Difficulty-Bomb” that would make ether token mining harder to perform, but according to the Ethereum team update, that will now be added as part of…

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Congress Is Reportedly Drafting a Bill That Will “Mainstream Digital Currency”

Congress Is Reportedly Drafting a Bill That Will “Mainstream Digital Currency”

The Bitcoin Bill Members of the U.S. Congress are drafting legislation that would protect certain forms of cryptocurrency from being used for illegal activities while helping cultivate mainstream adoption. Reports indicate that at least one Republican senator and two Republican congressmen are working on the bill. According to a source who spoke to The Daily Caller, the goals of the legislation are to prevent cryptocurrency from being considered as a form of security or investment, to protect transfers against taxation, and to ensure the federal government does not interfere with cryptocurrencies. Image Credit: Architect of the CapitolThis interference is an issue we’ve seen crop up in recent months. In May, the Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 sought to introduce a provision that would require anyone in possession of more than $10,000 in cryptocurrency to disclose it when passing a…

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A New Blockchain Platform is Taking on Ethereum

New Kid on the Blockchain Cryptocurrency is on the rise and, as a result, there’s no shortage of companies looking to establish themselves as an essential part of the trading process. In addition to organizations fielding new coins, there are firms that handle other pieces of infrastructure, like Blockchain specialist NEO (formerly known as AntShares). NEO’s biggest competition is currently Ethereum, the blockchain platform behind the prosperous Ether token. Both offer support for programming languages — Vitalik Buterin, who originally conceived Ethereum, has felt that the absence of such support has been a major detriment to cryptocurrency — but the group behind NEO maintains that its implementation has several advantages. Smart contracts are automated agreements between traders that can call upon all kinds of different checks and triggers, ranging from a particular date to the balance of a particular account. NEO…

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Get Ready. Renowned Bitcoin Trader Says the Currency Will Hit $15,000 in 2017.

Late last week, the price of bitcoin rose beyond $3,500, and it currently sits slightly above $4,200. While some are skeptical of this steady increase in value, according to an expert observer, it won’t be ending any time soon. Veteran trader masterluc predicts that bitcoin will be worth $15,000 before the end of the year. He believe the cryptocurrency’s current bull run will then continue into 2019, at which point its price will top out somewhere between $40,000 and $110,000. Masterluc has historically been adept at predicting bitcoin’s future value. He was able to accurately predict in March 2013 that the crypto would enter into a bear market in November 2013, and then in May 2015, he made a prediction that proved to be just slightly off point, missing the start of the crypto’s current surge by just two months. Masterluc isn’t the only pundit…

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Goldman Sachs Analyst Predicts Bitcoin Price Could Hit $4,800

Goldman Sachs Analyst Predicts Bitcoin Price Could Hit $4,800

Bitcoin Rising Again Business Insider reports that Goldman Sachs Analyst and Head of Technical Strategy, Sheba Jafari, sent a client note on Sunday predicting that the price of bitcoin might soar as high as $4,800. Jafari set a target of $3,691 in late July, which the cryptocurrency came very close to Sunday, and has since surpassed it. On August 12 the price surpassed $4,000 for the first time. With these milestones in the rearview mirror, Jafari predicted that the price might rise as high as $4,827. This would precede a market correction, however, which would push it back down to $2,221. Image Credit: Geralt/PixabayBusiness Insider reports that CEO Arthur Hayes of the bitcoin derivative exchange BitMEX agrees with Jafari that bitcoin might near the $5,000 level. Hayes spoke to Business Insider soon after the recent Segregated Witness (SegWit) software update, which…

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As Bitcoin Passes $3,500, Many Predict Even More Gains

As Bitcoin Passes $3,500, Many Predict Even More Gains

Bitcoin is a juggernaut within the cryptocurrency world, and its reign on top shows no signs of ending. At the time of writing, the value of bitcoin on Coindesk is $3,578.64 (and climbing). Prices were expected to start a downward trend back toward $3,000, but the way they are moving at the moment, this seems unlikely. In fact, some experts, including Peter Brandt, are predicting the price will “explode,” according to The CoinTelegraph. Image Credit: CoindeskBitcoin has enjoyed a meteoric rise since the much dreaded “fork” that saw the cryptocurrency split into bitcoin and bitcoin cash. The latter currently sits at $330.05 (and may be exploding in its own right), while the former has enjoyed its strongest week of growth to date following the split. According to Coindesk, “Bitcoin is up nearly 25% on the week since the split, rising from $2,871 seven days…

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