Bitcoin News 17 January 2017

Bitcoin today, the Bitcoin price has started to move as we it pushing past $850 and beyond. Interesting week as we are coming up to the inauguration of President Donald J Trump on Friday. We expect volatility in the markets, both traditional as well as Bitcoin. Donald Trump is making volatility great again! Other news headlines – Gold and Bitcoin Form Symbiotic Relationship; As People’s Bank of China Sends Bitcoin Spiralling Down the Centralization Era Comes for Bitcoin; Digital currency exchange Coinbase has issued new comments in its ongoing dispute…

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Bitcoin Mining potential in India using Government’s new power plan

India has moved from a shortage of power to an excess electricity generation capacity now.  The government has a plan to boost electricity usage by offering rebates and incentives.  Could this mean that more Bitcoin mining pools could spring up in India or the existing GBMiners pool grow? Read the full article here by India Times / Economic Times “With over 250 million people unbanked in India and as the world’s largest inward remittance market, which received just under $70 billion in 2013, India represents a prime location for bitcoin adoption….

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Mainstream Media talking Bitcoin

Mainstream Media is sitting up and taking note of Bitcoin… and talking about this revolutionary new payment system, store of value and digital asset. There are millions people across the globe who have not heard of Bitcoin as yet – the market is still tiny with a market cap that fluctuates from $13 billion upwards.  The growth potential is enormous and Bitcoin also has the potential to change the unbanked statistic of over 2 Billion adults who do not have traditional bank accounts.  The more mainstream media gets involved, the…

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Bitcoin showing signs of maturing

Some people are comparing the price movements in the beginning of 2017 to the rise and fall of the Bitcoin price at the end of 2013 into 2014.   However, Chris Burniske from ARK Invest, is of the opinion they are not the same and that Bitcoin is showing signs of maturing. Excerpt from Coindesk article states:- “Certainly, a similar narrative could be spun: bitcoin breaks $1,000, the People’s Bank of China issues some comments that scare people, bitcoin crashes. But if a few marketplace characteristics are investigated, I think…

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Bitcoin Price Watch 13 January 2017

The Bitcoin price has been all over the show this week and as a result, nobody predicted the average price for today. This means the weekly Bitcoin prize is rolled over to next week… it is now 0,3 bitcoin up for grabs. Predict the Bitcoin price for next week 20 January 2017 in the comments below. Learn to be indifferent about the volatility in the Bitcoin price unless you are a speculator. If you are a long term investor and Bitcoin Believer, apply Bitcoin cost averaging. Bitcoin-cost averaging is an…

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Bitcoin News 13 January 2017

Bitcoin Today… we are two weeks into January 2017 and it sure has been an eventful time. Two 8th Birthday’s were celebrated – 3 January marked 8 years since the first Bitcoin was mined and on the 12 January 2009, also 8 years ago, the very first Bitcoin transaction took place between Satoshi Nakamoto and Hall Finney. Two dates in January 2009 changed the World forever. The Bitcoin price has moved below the $800 mark. We must all bear in mind that Bitcoin is a new currency and that it…

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Bitcoin article of the week #2 – January 2017

The Bitcoin news this week was dominated by the Bitcoin price movement downward due to increased interest by the Chinese government into exchanges and enterprises. This being said, we believed we need to stress the importance of educating yourself on Bitcoin as well as keeping up with the latest news.   Knowledge will help you not to knee jerk if a bit of price volatility comes into play. Bit-Media’s mission is to educate and inform as many people as possible on the new digital economy. An important milestone was reached…

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Where in the World are Bitcoin Mines located?

Bitcoin mining is dominated by China with the top 4 mining pools within their borders according to the blocks mined during 2016. 20.67% blocks mined – AntPool is run by Bitmain, a Chinese mining hardware company headquartered in Beijing. “Bitmain technologies Limited is a Chinese IC design company founded in the first quarter of 2013, which specializes in research, development and sales for custom mining chips and miners. We aim to quickly deliver innovative and competitive custom hardware solutions to help the community. Bitmain is able to provide the most…

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Bitcoin sellers in panic mode are wrong

The first two weeks of 2017 will go down in Bitcoin history.  Bitcoin reached a high of $1161 exciting Bitcoiners everywhere as well as mainstream media such as Bloomberg, BBC, CNBC.  Bitcoin in the spotlight and no doubt pricked the interest of many who still do not know what Bitcoin is. Just as we were wondering when this massive bull run was going to slow down, the ball finally dropped.  On the 5 January, Bitcoin price fell by 20%.  The sudden drop could be related to the Chinese Central bank…

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Bitcoin News 11 January 2017

BREAKING NEWS – Developments in China – The People’s Bank of China want to regulate Bitcoin Exchanges and are currently meeting with them – they are carrying out an inspection and the process should take a week. Bit-Media mentioned previously that there will be volatility in the markets for the next few weeks. The price today dropped from $920 to $800 and $770 lower levels in China during the day. BTCC, OKCoin and Huobi indicated that they are open to increased oversight from the Chinese government or central bank. Time…

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