Bitcoin now costs $10,000 as the world’s biggest cryptocurrency reaches five figures for the first time in its history. $10,000 Bitcoin Increased 1300% In 2017 Data from Coinmarketcap covering multiple major exchanges confirms that on average, a single bitcoin costs around $10,031 and even more in some markets. Prices on individual exchanges for BTC/USD range from an ultra-conservative $9774 at CoinsBank to $10,197 at Gatecoin. The move beats even the more optimistic expectations from industry investors and forecasters and continues Read more …
Month: November 2017
Early Bitcoin Buyers Talk Bubbles and Origin Stories at Consensus: Invest
“I think it’s very important to make a distinction between a bubble and a fraud.” So says Glenn Hutchins, the co-founder of private equity firm Silver Lake and one of the panelists this morning during CoinDesk’s Consensus: Invest event. Appearing alongside Galaxy Investment Partners CEO Michael Novogratz and Brian Kelly Capital founder Brian Kelly, his remarks came during a wide-ranging discussion that touched on the valuation of tokens, the future of the industry and how both Hutchins and Novogratz first Read more …
What will replace blockchain technology?
The two most popular cryptocurrencies – Bitcoin and Ethereum. Bitcoin uses PoW and Ethereum runs on PoS. Let’s take a look at how these two disparate systems differ. PoW is a mining and computer power based system in which participating users are required to solve difficult mathematical problems to validate and authenticate transactions. The difficulty of these mathematical tasks is constantly increasing along with the computational power of the whole ecosystem. These calculations are very costly because of the high Read more …
Billion-dollar Crypto Club Swells to 16 Big Hitters as Bitcoin Price Tests $10,000
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The global average bitcoin price briefly broached the $10,000 mark on Tuesday, largely due to significant premiums on high-volume South Korean exchanges. Meanwhile, the number of cryptocurrencies in the billion-dollar club swelled to a new all-time high — and more are poised to achieve that status soon. Source: CoinMarketCap Altogether, it was another record-setting day for the industry, and the total cryptocurrency market cap rose to $310 Read more …
As Bitcoin Prices Soar, Forked Rivals Face Different Paths
Bitcoin’s stellar rally close to the $10,000 mark appears to have boosted the prices of its recently forked spin-offs bitcoin cash (BCH) and bitcoin gold (BTG). But can they maintain that momentum? Rival cryptocurrency bitcoin cash has something of a parasitic relationship with bitcoin, in that it not only benefits from the surge in interest in cryptocurrencies due to BTC’s astonishing price rally, but it also does see gains in bouts of correction to bitcoin prices. Bitcoin cash has gained Read more …
SpaceX Intern Claims Founder Elon Musk Created Bitcoin
The crypto-sphere has been awash recently with stories claiming that the creator of Bitcoin is none other than SpaceX founder and Tesla CEO Elon Musk. Nobody really knows the true identity of Bitcoin’s father other than the pseudonym Satoshi Nakamoto and its elusive connotations. Interest has surged in the cryptocurrency which is currently teetering on breaking the ten thousand dollar price level so people are wondering who founded it and how much of it do they hold. No person or Read more …
Trade.io Adjusts Market Cap & Trade Token Price Based On The Rise in Ethereum And Demand for Lower Entry Point
Zug, Switzerland – trade.io announces that as a result of community response, the company has decided to take steps to enable greater participation in its highly anticipated ICO. This includes adjusting the entry price per Trade Token to a lower price to allow for broader participation and reflect the rise in Ethereum, which is used for purchase. With the soft launch already achieved during the PRE-ICO, the price reduction lowers the upper level of the funds raised to approximately $135 million. Read more …
Bitcoin Is What Email Was In Early 90s
With all the news of adoption and mass appeal, people need to remember that despite Bitcoin price breaking $10,000, less than one percent of the world’s population actively uses it. There is a lot of noise around the digital currency, but it is still a small fish in the global economy. Many have likened Bitcoin to the dotcom bubble, waiting to burst as people throw money at it like the companies back in the emergence of the Internet. But Bitcoin is not a Read more …
“Not True”: Elon Musk Puts Satoshi Rumors to Bed
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. On November 26, 2017, we broke the news that a former SpaceX employee claimed Elon Musk was “probably” Satoshi Nakamoto, the founder of Bitcoin. Bitcoin was founded in 2008 and claimed under the pseudonym “Satoshi Nakamoto”, the rumored holder of over one million Bitcoins. The mystery of Satoshi has been a hot topic in the cryptocurrency world, with entrepreneurs often claiming and denying responsibility. Many people jumped Read more …
Bitcoin’s Flurry Is Fear-of-Missing-Out: USB Trader Art Cashin
Perhaps Art Cashin, UBS director of floor operations at the New York Stock Exchange, is right perhaps the Bitcoin rally we are seeing since about August is one big case of FOMO (Fear of missing out). But while Cashin goes bearish on that equation, maybe it is all part of the Bull run to mainstream adoption. Cashin thinks that Bitcoin has gone ‘parabolic’ and that things won’t end well, but a little perspective helps. Factoring in the growth as adoption, Read more …
Wrangling Data For Enterprise: Blockchain Company Libra Launches Crypto Office
Libra, a developer of blockchain tax and auditing software, has launched Crypto Office, a new product aimed at the industry’s biggest players: exchanges, market makers and hedge funds.The company will make its formal announcement November 28, 2017, at Consensus Invest in New York, while also naming cryptocurrency exchange ShapeShift and liquidity provider XBTO as early adopters of the technology.The product announcement comes the day after Libra also announced $7.8 million in Series A financing. The round was led by an Read more …
As Bitcoin Goes Parabolic, Analysts Voice Their Concerns
Markets and Prices It takes a brave soul to bet it all on bitcoin. Yet six months ago, that’s exactly what one Redditor did, using $325,000 of equity to purchase 191 BTC. As one commenter put it: “Firstly, let me wish you good luck. Second, let me tell you how much of an idiot you are.” As bitcoin kisses the symbolic $10k threshold, a new wave of intrepid souls has emerged, willing to lay it all on Read more …