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 with the IRS; UK Exchange Coinfloor Embraces ‘No-Fee’ Bitcoin Trading; The bitcoin hash rate currently nears 3 exahashes, representing an all-time high for the processing power of the Bitcoin network.

Will 2017 be the year of government involvement and regulation for bitcoin businesses? The US Federal Trade Commission (FTC) is hosting a FinTech gathering on 9th March, dedicated in part to blockchain tech and its impact on consumers.

It seems that mining Bitcoin is becoming popular again despite the difficulty. “The escalating hash rate concurs with continuing social media reports that Beijing-based Bitmain Technologies Limited, a company which supplies bitcoin mining equipment, suffers consistent supply shortages due to high demand.” Bitcoin.com

 

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