bitcoin

Bitcoin Value Set to Increase Because of Asian Influence

Bitcoin Value Set to Increase Because of Asian Influence   Like it or not, Bitcoin is on the ascent and the cryptocurrency is in no place close to be done climbing. As the coin turns out to be more standard in Asia and finds more noteworthy acknowledgment in Western socioeconomics, its esteem is certain to surge higher in the mid-term. This is as per investigators like Joseph Young, who demand that market endorsement will be Bitcoin’s most noteworthy driver for…

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How Ripple is Targeting an Entirely Different Market to Bitcoin

Bitcoin was introduced in 2009 as an alternative network to the global financial system monopolized by centralized institutions and strictly regulated financial service providers. By providing a peer to peer protocol wherein users can send and receive transactions with the absence of intermediaries, Bitcoin essentially became the first decentralized financial platform. Replicating or being inspired by Bitcoin’s structure, alternative cryptocurrencies or altcoins emerged. One of the most successful cryptocurrencies that has maintained its market cap and client base over a…

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Study highlights growing significance of cryptocurrencies

Study highlights growing significance of cryptocurrencies   More than 3 million people (three times previous estimates) are estimated to be actively using cryptocurrencies like bitcoin, finds the first global cryptocurrency benchmarking study by the Cambridge Centre for Alternative Finance. While many members of the general public may have heard of "bitcoin", the first decentralised cryptocurrency launched in 2009, a new report from the Cambridge Centre for Alternative Finance (CCAF) paints a broader picture of "cryptocurrencies". The report shows that cryptocurrencies…

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Hefty Trading Boost Cryptocurrency Market Cap Soars Above $40 Billion

Hefty Trading Boost Cryptocurrency Market Cap Soars Above $40 Billion   Bitcoin may be getting most of the headlines, but cryptocurrency as a whole is on a roll. Statistics from Coinmarketcap.com reveal that 82 out of the top 100 cryptocurrencies posted gains in a recent 24-hour period. Whether all cryptocurrencies are riding bitcoin’s coattails or investors are suddenly discovering altcoins is anybody’s guess. The total cryptocurrency market capitalization (price per coin times amount of coins in circulation) stands at $42.6…

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Bitcoin soars Above $1,400

Bitcoin Soars Above $1400 The price of bitcoin has bulldozed its way to a new historic all-time high on the Bitstamp Price Index (BPI) as the trading value of the cryptocurrency scaled beyond $1,400. Bitcoin prices are now trading at previously uncharted levels as the value of the cryptocurrency reached a high of $1,425 on Bitstamp on Monday. The previous high of $1,350 registered on March 10 amid heightened traders’ interest in the lead-up to the SEC decision about a…

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Bitcoin Price Keeps Above $1300

Bitcoin Price Keeps Above $1300   The fact that trading volumes went down from the peak that was reached in preceding trading sessions lately didn’t stop price levels above $1300 from being maintained. BTC/USD rates might have peaked above $1340 through the last trading session, but in spite of the continuous selling pressure after that point, prices didn’t drop below $1315 levels. Major Signals Bitcoin markets maintain support levels above $1300 in spite of volatility caused by the return of…

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Antigua and Barbuda Drafts Laws to Implement Bitcoin

Antigua and Barbuda Drafts Laws to Implement Bitcoin   The government of Antigua and Barbuda is drafting laws “for the implementation of Bitcoin,” according to a local publication. The decision may have been influenced by online gambling mogul Calvin Ayre and even self-proclaimed “Bitcoin creator” Craig Wright. The Cabinet of the twin-island country Antigua and Barbuda has instructed their Attorney General, Steadroy Benjamin, “to draft laws for the implementation of Bitcoin,” reports the Antigua Observer. Antigua and Barbuda is a…

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Botswana Clinic Now Accepts Bitcoin As Cryptocurrency Takes Root in Africa.

 Botswana Clinic Now Accepts Bitcoin As Cryptocurrency Takes Root in Africa   Bitcoin is gradually taking roots in Africa, although painfully slow. Nevertheless, there is refreshing news on a daily basis that makes the drive to push Bitcoin penetration in the so-called “hopeless continent” promising. From brave women promoting adoption to startups using Bitcoin and the Blockchain to provide financial inclusion and prevent piracy, the number is endless. It is a great inspiration to the ecosystem and Africa stands…

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Cryptocurrency Inflation V Deflation

Cryptocurrency Inflation v Deflation   In the world of cryptocurrency, there are two main types of ecosystems. Either a cryptocurrency is inflationary – with new coins generated by mining or staking – or it is deflationary. A lot of people claim bitcoin’s deflationary status is a problem, and how minor inflation could alleviate these concerns. However, there are different aspects of either concept that need to be taken into account first.   1. DEFLATION   Most cryptocurrency enthusiasts are well…

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Bitcoin Has Power to Break People Out of Poverty, Current System Broken

Bitcoin Has Power to Break People Out of Poverty, Current System Broken Can Bitcoin help people break out of poverty? What if we could build a financial system with Bitcoin that would lead to a more equitable and fairer society? Bitcoin has been around for nearly a decade now and it has survived many doomsday predictions regarding its demise. It has grown to become an accepted medium of transferring money, it has also been recognized as a currency in some…

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