Bitcoin Price Watch; Another Key Level Broken

Things are really starting to pick up now in the bitcoin price space. Action during the European session today has brought the bitcoin price to trade in excess of $4700 and the $5000 mark is looking like a near term reality. We have to keep in mind that we have seen some pretty serious corrections in this market over the last few years and that if anything injects a degree of risk off attitude into the markets near term, we Read more …

Creator of World’s First Bitcoin Fuel Pump Plans Lightning Support

The creator of the first ever commercial fuel pump to accept bitcoin has revealed a plan to add Lightning Network functionality to his design. The original machine, designed and built by Andy Schroder in 2014, allows users to scan a QR code and send bitcoin instead of more traditional means of payment. Schroder now wants to adapt his design to incorporate the Lightning’s off-chain payments, he announced on the Lightning-dev mailing list yesterday. However, Schroder pointed out some issues he has with Lightning – which he hopes will provide Read more …

Bitcoin Price Comes Close to $4,700 As Latest Jump Takes Altcoins Higher

Bitcoin has hit yet another all-time high as virtually all the top 50 cryptocurrency markets rally. Data from Coinmarketcap and Bitcointicker shows Thursday post Bitcoin highs of $4,687 on Bitstamp, beating the previous record of $4,576 Aug. 29. The latest move upwards resulted in a consolidated effort from the biggest altcoins tracked by Coinmarketcap, with 95 percent of the top 50 posting overall gains in the 24 hours to press time. Bitcoin is continuing to gain as commentators increasingly put Read more …

BitJob Announces Partnerships with Leading Academic Institutions

BitJob, the blockchain platform that aims to create a global marketplace for student employment, is off to a flying start in both its university partnerships and its token pre-sale. Crypto employment The project is designed to connect university students with employment opportunities within the digital currency sector, and will shortly be holding its crowd fund. However, even before the formal launch, it has garnered significant interest from a series of universities and student groups, signaling a promising future. Like digital Read more …

CEX.IO After the Hard Fork

As you well know, on August 1st, 2017 a hard fork occurred with Bitcoin that led to the creation of a new cryptocurrency. This cryptocurrency is being referred to as Bitcoin Cash which is represented by the BCH symbol. This hard fork in Bitcoin means that a lot of changes have occurred in both currencies. There was an internal debate over what should be done in the future to handle the scaling issues in Bitcoin, and now it seems that Read more …

How Digital Currencies Conquer Globe: Cambridge University Study

The use of the digital currencies like Bitcoin continues around the world as different companies in various industries are increasingly accepting them as a form of payment, including in large-scale global transactions as of late August 2017. In fact, the current number of unique active users of cryptocurrency wallets is estimated to be between 2.9 mln and 5.8 mln, according to a study by Cambridge University.                               According to Cognizant’s head of Read more …

AMD’s New Vega 56 GPU Sells out Quickly Thanks to Cryptocurrency Miners

Graphics cards are of great interest to cryptocurrency miners. Albeit they don’t use this hardware to mine Bitcoin, GPUs still have their place. Especially when it comes to mining some of the popular altcoins, there is no other option. Monero, Ethereum, and ZCash are just some of the currencies people mine with AMD GPUs these days. The company recently unveiled their new card, called the Vega 56. The cards sold out everywhere pretty quickly. It appears a lot of cryptocurrency Read more …

Botanico engages models to make blockchain beautiful

Botanico, the first blockchain ambassador agency, bridges the gap between fashion industry and cryptocurrency community. Blockchain ambassadors will highlight startup’s team board and represent the project through marketing and PR campaigns. Professional fashion models, excited with crypto and blockchain, collaborated with Botanico and are ready to join the team of future groundbreaking startups. Fintech groups and organisations have far fewer women on their boards than even IT industry and banks. As seen on CryptoCoinsNews and Management Today , numbers vary Read more …

NEO-Based Platform Red Pulse Bans Chinese Citizens from Their ICO

In a move that sent shocks through the crypto community in China, and sent the NEO price spiraling, Red Pulse (RPX) announced that they would be blacklisting Chinese citizens from participating in their upcoming ICO. Due to stricter ICO regulations, we’ve had to make the difficult decision to disallow Chinese citizens from participating in our ICO. — Red Pulse (@red_pulse_china) August 29, 2017 The Chinese government has issued a new set of guidelines to crack down on illegal fundraising. This Read more …

Bitcoin rises again, setting another record

The price of the digital currency bitcoin rose on Thursday, hitting the latest in a series of records. A single bitcoin BTCUSD, +3.11% gained 2.4% to $4,742.91 on Thursday, near the all-time high of $4,747.15 hit earlier in the session. So far this year, the world’s largest cryptocurrency by market capitalization has surged nearly 400%, having ended 2016 below $1,000. To compare, the S&P 500 SPX, +0.40% is up 9.8% over the same period. Read: Here’s how bitcoin is dwarfing Read more …

Bitcoin Price Sets New All-Time High as Crypto Market Tops $170 Billion

Bitcoin’s price has risen above $4,700 for the second time in as many days to hit a new all-time high. Prices climbed as high as $4,747.15, according to the CoinDesk Bitcoin Price Index (BPI), after opening at roughly $4,630. The gains come a day after bitcoin’s price increased to $4,703, surpassing the previous market high set on August 18. At press time, the price of bitcoin is at a global average of $4,733.74, representing a gain of about 2.2 percent, BPI data shows. Read more …

Bitcoin Retirement Fund Provider Adds Ripple in IRA Product Update

BitcoinIRA, a company that allows users to create retirement funds based on cryptocurrencies, is adding new options to its portfolio. Starting with Ripple’s XRP token from today, the firm also plans to add further cryptocurrencies in coming weeks, including litecoin, ethereum classic and bitcoin cash. BitcoinIRA already supports retirement accounts in both bitcoin and ethereum. The company, which is fully Internal Revenue Service (IRS) compliant, supervises the transfer of fiat retirements funds into cryptocurrency and provides “cold” offline storage for the investments. In a statement, BitcoinIRA spoke Read more …