Bitcoin News 12 December 2016

Bitcoin today 12 December 2016, the Bitcoin price has maintained above $770 this weekend while reaching a trading value of over $800 on Chinese exchanges.

The season of giving is here, and there’s no better way to spread the incredible benefits of cryptocurrency by giving our loved ones bitcoins – paper wallets, physical Bitcoins, offline wallets or Bitcoin gift cards. The gift that keeps on giving.

A new company called Polychain Capital has raised $10 million in capital for a hedge fund made up of cryptocurrencies such as bitcoin; The state of Global Blockchain Consortia; Non-profit advocacy group called the Blockchain Association of Ireland (BAI) will launch on Dec14; The Central Bank of Ireland recently granted Facebook Payments International Limited (FBPIL) an e-money license, which effectively allows Facebook to facilitate peer-to-peer payments on its platform; Bitgive Launches Blockchain Transparency Platform Givetrack; Dollar debt issuance soars as central banks take a back seat: BIS report;

The price of ether extended recent losses this week, falling to its lowest in more than nine months. Regarding Bitcoin Price Predictions, Angel Investor Vinny Lingham had this to say “If the banking system as well as sovereigns such as Russia and China move to accept bitcoin as a partial alternative to the USD and the traditional banking and payment system, then we could see bitcoin easily triple over the next year going from the current $700 level to +$2,100 as the blockchains decentralised system, an inability to dilute the finite supply of bitcoins as well as low to no transaction costs gains more traction and acceptance globally.”

2016 has been the Year of the Blockchain – Interesting remark made by Bobby Lee CEO BTCC “Private Blockchains reminds me of Private Intranets. Private Intranets sound great, but they’re ultimately really not useful unless they’re connected to the Public Internet. So for Private Blockchains, they should consider anchoring to the public Bitcoin Blockchain, to achieve real immutability.”

Cash Is No Longer King as Fiat Currency is being phased out… the world is going digital. You just can’t help being bulling about Bitcoin, known as the Internet of Money!

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Embrace the new Digital Economy, don’t be left behind!

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