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Study highlights growing significance of cryptocurrencies

May J, 2017

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…

Hefty Trading Boost Cryptocurrency Market Cap Soars Above $40 Billion

May J, 2017

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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…

Bitcoin soars Above $1,400

May J, 2017

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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…

Bitcoin Price Keeps Above $1300

May J, 2017

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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…

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

April J, 2017

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ï¿¼ 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…

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

April J, 2017

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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…

Arbitrage – What it is and how it works

April J, 2017

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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…

Should You Accept Cryptocurrency In Your Small Business?

April J, 2017

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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…

3 Simple Ways for Earning Cryptocurrency From Home

April J, 2017

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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,…

Cryptocurrency exchange Kraken adds Dash to Listings

April J, 2017

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Dash, the fifth most valuable cryptocurrency by market cap, has announced its partnership with Kraken Digital Asset Exchange – one of the world’s oldest bitcoin exchanges with the largest selection of digital assets and national currencies. The partnership comes in the wake of a record surge for the cryptocurrency, which experienced a 6x increase in price per ($11 to $72 USD) and a 10x increase in trading volume ($3 million to $30 million USD) across Q1. Dash is now open…