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$154 Billion – Bitcoin Price Rally Carries Crypo Markets to New Record

August J, 2017
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$154 Billion – Bitcoin Price Rally Carries Crypo Markets to New Record The bitcoin price rallied on Wednesday, leaping 9% to cross $4,200. The wider crypto markets followed bitcoin’s lead, with 93 of the top 100 cryptocurrencies marching into positive territory for the day. This near-universal advance added more than $10 billion to the total cryptocurrency market cap. After entering the day at $142.5 billion, the total value of all cryptocurrencies burst through the $150 billion threshold to set a…

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Estonia could offer ‘estcoins’ to e-residents

August J, 2017
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Estonia could offer ‘estcoins’ to e-residents The proposal to issue crypto tokens would make the Republic of Estonia the first country with an Initial Coin Offering (ICO). What would happen if a country, such as Estonia, issued its own crypto tokens? This radical question is at the heart of an ambitious new proposal that, if implemented, has the potential to benefit both the country and its fast growing community of e-residents. ‘Estcoins’ could be managed by the Republic of Estonia,…

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Cryptocurrency Mining – What It Is, How It Works And Who’s Making Money Off It

August J, 2017
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Cryptocurrency Mining – What It Is, How It Works And Who's Making Money Off It   NVIDIA Corporation's second-quarter earnings released earlier this month, though exceeding expectations, elicited cautionary reaction from the investor as well as analyst communities. Traders bid down the stock by over 5 percent on Aug. 11. One of the reasons cited for the negative reaction was cryptocurrency contributing to much of the outperformance. Why should it be a cause for alarm? Analysts Blayne Curtis and Christopher…

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Get started in cryptocurrency with this beginner’s directory

August J, 2017
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Get started in cryptocurrency with this beginner’s directory The wonderful world of cryptocurrency has grown from a budding idea to a full-fledged market bonanza. Hopefully you’re savvy to the terminology and ready to start putting your money where your technology is. This directory should provide you with the basic starting points to begin building your fortune in digital money. (Don’t forget that cryptocurrency is an investment, and you shouldn’t trust your finances to an article you read on a news-source.…

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Bitcoin Price to Reach $6,000 in 2018, Predicts Wall Street Strategist

August J, 2017
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Bitcoin Price to Reach $6,000 in 2018, Predicts Wall Street Strategist   The bitcoin price pulled back from its all-time high this weekend, weighed down by a bitcoin cash price surge and disagreements over the SegWit2x scaling proposal. However, Wall Street strategist Tom Lee believes that the long-term prospects of the bitcoin price remain quite promising. As CNBC reports, Lee–who co-founded Fundstrat Global Advisors and is bearish on the outlook for the stock market–wrote a note to clients establishing a…

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Bitcoin Cryptocurrency Breaks New Record High

August J, 2017
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Bitcoin Cryptocurrency Breaks New Record High FinancialBuzz.com News Commentary   NEW YORK, August 18, 2017 /PRNewswire/ —   Bitcoin hit a record high above $4,500 yesterday and now putting the market capitalization over $73 billion according to CoinDesk. William Mougayar, the Founder of Startup Management, explained to Fortune that increased interest from Korean and Japanese exchanges are increasing the value of the cryptocurrency. "Another part of it is driven by the psychology of markets, as $USD 5,000 seems to be…

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Bitcoin Surging Demand Amidst Economic Uncertainty

August J, 2017
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Bitcoin Surging Demand Amidst Economic Uncertainty After a strong week-long rally, bitcoin price has achieved yet another all-time high at $4,473, as demand from institutional investors and traders continue to rise amidst economic uncertainty and global markets instability. Some regions including China demonstrated a meteoric increase in demand towards bitcoin, with bitcoin price surpassing the 30,000 Chinese yuan for the first time in history, which is equivalent to $4,495.   In previous coverages, Cryptocoinsnews noted that many analysts from prominent…

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China’s Cryptocurrency Mining: Capital, Costs, Earnings

August J, 2017
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China’s Cryptocurrency Mining: Capital, Costs, Earnings Most Bitcoin mining operations are in China. As of July 2017, it is estimated that almost 70 percent of all Bitcoin mining is located in China. Cryptocurrency mining, like other forms of businesses, needs capital to start and runs at an operation cost. Briefly, the startup cost includes the building, facilities and mining equipment. On the other hand, the operation cost primarily includes electricity consumption, Internet bandwidth, manpower, equipment wear and tear and facilities…

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Forget oil, Russia goes crazy for cryptocurrency

August J, 2017
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Forget oil, Russia goes crazy for cryptocurrency   MOSCOW (AFP) – Standing in a warehouse in a Moscow suburb, Dmitry Marinichev tries to speak over the deafening hum of hundreds of computers stacked on shelves hard at work mining for crypto money. "The form of currency we are used to is about to disappear," predicts the 42-year-old entrepreneur, who also works as President Vladimir Putin's adviser on internet matters. Marinichev is one of Russia's leading crypto-businessmen at the helm of…

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