bitcoin

Bitcoin Price Tripled in Last Year

A collection of Bitcoins stand in this arranged photograph in Danbury, U.K., on Thursday, Dec. 10, 2015. Bitcoin, the digital currency, climbed on Wednesday to hit its highest levels since early November, amid fresh speculation that the identity of Satoshi Nakamoto — the virtual currency’s creator — may have finally been revealed. Photographer: Chris Ratcliffe/Bloomberg via Getty Images Bitcoin Price Tripled in Last One Year A collection of Bitcoins stand in this arranged photograph in Danbury, U.K., on Thursday, Dec.…

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Arbitrage – What it is and how it works

Arbitrage refers to the process of instantly trading one or more pairs of currencies or odds for a nigh risk-free profit. Usually, this involves two exchanges (this is then called a two-legged arbitrage); although more are, of course, possible. There are several steps when executing an arbitrage: Find a suitable opportunity Execute trades Rebalance accounts Step 1: Find a suitable opportunity This step is relatively easy. Simply check the order books of as many exchanges as you like, compare bids…

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What’s keeping Cryptocurrencies from mass adoption? – Part 2

  What’s keeping Cryptocurrencies from mass adoption? – Part 2 Official Local Exchanges Having to look other users in the eye can make a world of difference. Face-to-face exchanges at trusted locations means that the sale of a coin can be more easily limited, and this can act as a throttle to gauge demand. People on the “front lines,” seeing the real demand for the coin in person, can then vote to increase the price. Having stable locations to exchange…

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Cryptocurrencies Surge in Value – Threefold Increase since last year

Cryptocurrencies Surge in Value – Threefold Increase since last year The combined market value of bitcoin and other crypto-currencies is now $27bn, representing a threefold increase since the start of 2016, with bitcoin miners having earned more than $2bn since trading in the electronic currency began in 2009. These are some of the findings of a new report the Global cryptocurrency benchmarking study by Dr Garrick Hileman and Michel Rauchs of the University of Cambridge. The authors note that ten…

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Bitcoin Rises Footsie Falls as UK Heads to Snap Election

Bitcoin Rises, Footsie Falls, as UK Heads to Snap Election   Theresa May, the British unelected current Prime Minister, has surprised and at the same time excited everyone by all the sudden calling a snap election in what may be an historical two months of campaigning. “It was with reluctance that I decided the country needs this election, but it is with strong conviction that I say it is necessary to secure the strong and stable leadership the country needs…

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Should You Accept Cryptocurrency In Your Small Business?

Should You Accept Cryptocurrency In Your Small Business?   Despite the controversy and challenges that occur — small-business owners are embracing cryptocurrencies, like bitcoin. The main reason, according to the more savvy entrepreneurial-types, is that by using the latest technology they can stand out from other businesses. Does that mean that accepting cryptocurrencies is the right fit for your business? It actually depends on your business’s particular situation and needs, but for the most part, cryptocurrencies can offer the following…

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3 Simple Ways for Earning Cryptocurrency From Home

3 Simple Ways for Earning Cryptocurrency From Home Cryptocurrencies represent awesome payment systems that enable anyone to send and receive money to and from anyone in the world; convert it to fiat currencies easily and use it to buy whatever one might choose whether online or offline. However, one of the drawbacks of cryptocurrencies is that it can be somehow hard to buy them, especially in selected countries where it is difficult to open a bank account. Throughout this article,…

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Bitcoin and cryptocurrency on the rise in South Africa

  Bitcoin and cryptocurrency on the rise in South Africa   Since the meteoric rise of Bitcoin, cryptocurrency has become increasingly popular across the world. While Bitcoin is the largest and most widely-used cryptocurrency on the market, there are other currencies experiencing steady growth – such as Ethereum and Dash. These cryptocurrencies also use a blockchain, or distributed ledger system, but feature different mining techniques and additional features. Mining is the process of earning cryptocurrency based on the work done…

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Russian Plans to Legitimise cryptocurrency by 2018

 Russia Plans To Legitimize Cryptocurrency By 2018 Russia is a country has never seen eye-to-eye with bitcoin up until now. Several legal proposals have been drafted which could have lead to jail time. Thankfully, it appears regulators have come to their senses, as bitcoin users in Russia no longer need to fear jail time. In fact, the country may turn bitcoin into a legitimate financial instrument as early as next year. This U-turn by Russian legislators has quite a…

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All You Need To Know About Dollar-Denominated Cryptocurrencies

All You Need To Know About Dollar-Denominated Cryptocurrencies A well-known obstacle to the greater popularity of Bitcoin as a medium of payment is the high volatility of its exchange value. This volatility results from its built-in quantity commitment: because the number of Bitcoins in existence stays on a programmed path, variations in the real demand to hold Bitcoin must be accommodated entirely by variations in its unit value. When demand goes up, there is no quantity increase to dampen the…

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