Reasons Why the Bitcoin Price is Booming

Bitcoin is booming as believers and skeptics alike watch on.  Some influential people have been giving their opinions regarding Bitcoin – calling the cryptocurrency anything from “fraud” to “bubble” as well as predictions that the price is “heading towards $25,000”. There are a number of reasons why Bitcoin has so rapidly escalated during 2017, a few of which are highlighted in the short video below.       Graph showing growth over the past 12 months – Cryptocompare     Japanese Yen buying the lion’s share of Bitcoin     Top…

Read More

Who is Buying Bitcoin?

The Bitcoin price and value continue to rise and this week has seen Bitcoin drive past the $5000 level, a new all time high. Interesting to note that Japan leads the current 24-hour ranking. #1 Japanese Yen – 54.54% #2 U.S. Dollar – 26.64% #3 Chinese Yuan – 8.23% #4 South Korean Won – 6.11% #5 Euro – 3.01%   In 2016, reporting showed that most of the trading was coming from China, however, since the People’s Bank of China imposed strict regulations on the crypto exchanges in the country, the percentage…

Read More

Bitcoin News 4 July 2017 – Hackers Extort $28 million in Cryptocurrencies

Bitcoin News Today – 4 July 2017 Major Headlines from today’s news: – FBI Says Hackers Managed to Extort $28 Million in Cryptocurrencies, GOLDMAN SACHS: Bitcoin could see a big drop then surge to almost $4,000         FBI Says Hackers Managed to Extort $28 Million in Cryptocurrencies – In the annual report of 2016 just released, the following was noted:- – Over 17,146 individual cases of extortion were recorded – Online crimes include DDoS attacks – Reported online crimes rose 3.7% in 2016 with most affected countries being the…

Read More

Bitcoin Believers Gobble up Satoshi’s White Paper

Many have been watching Bitcoin grow in value over the past few years, and in particular, over the past year or so. More investors are being drawn to Bitcoin due to Geo-Political risk, failing economies and traditional investments which create fear and uncertainty.  The high Return on Investment (ROI), strong fundamentals and a bullish outlook for the future of Bitcoin and blockchain technology is very appealing.   During the Global financial crisis of 2007–2008,  which is considered by many economists to have been the worst financial crisis since the Great Depression…

Read More

Bitcoin News: How $1000 Gift turns Teenager into Bitcoin Millionaire

Just six years ago in 2011, a teenager from Idaho in the USA, decided to invest in Bitcoin when the value was just $12 per coin.  He received a monetary gift from his grandmother and a hot tip from his brother to buy Bitcoin which prompted him to invest in cryptocurrency.   Erik Finman sold his first Bitcoin investments at the end of 2013, at $1,200 per coin, and launched an online education company called Botangle in 2014 with the proceeds.  Botangle connected frustrated students like him to find teachers on video chat.…

Read More

Mainstream Media, Influencing Bitcoin Price and Adoption

Mainstream Media is getting behind Bitcoin in a big way – daily reporting by Media giants such at Bloomberg, Reuters, CNBC and BBC.  Mainstream Media adoption plays a significant role to introduce Bitcoin and cryptocurrency to the greater community, whether the news is sensationalist, good or bad.  The more consumers see information forthcoming from these media giants, the more Bitcoin adoption will grow.   The good news is that the core proposition of Bitcoin is… Democratization of the financial system Financial Independence Freedom from banks and government   But, it…

Read More

Bitcoin News 23 June 2017 – Ethereum Flash Crash and Recovery

Bitcoin News Today – The Bitcoin price continues to look strong as it consolidates over $2700 – is it getting ready for another bull run past $3000? Some experts say that $5000 is in sight. Ethereum suffered a flash crash on the GDAX exchange and some traders gained and others lost causing an outrage.   In a statement by Vice President of GDAX, Adam White, the crash has been blamed on a multimillion dollar sell order that apparently drove prices from $317.81 to $244.48, resulting in a $29.4% loss of…

Read More

London FinTech Week News

Returning for the fourth year from the 7th to 14th of July 2017, London FinTech week is set to be a premier event not to be missed.  London remains the FinTech capital of the world and the agenda for the event does not disappoint.   For a sneak preview of the event, watch this video below:-         Listen to a podcast regarding the lineup and agenda here   Collect Your Free PDF – The Bitcoin Believers Business Manifesto Please leave your comments below – let us know…

Read More

Consumers Driving Bitcoin Price

New Consumers are joining the Digital Cryptocurrency market daily – what are the reasons why Consumers are adopting Bitcoin so readily? Here are some of the reasons:-   As a Payment System – Bitcoin is sent across the Internet quickly and cheaply without the need for costly 3rd parties As a Speculator – short term trading as a revenue stream As a long term Investment – Bitcoin, a store of value, is on an upward trend with long-term fundamentals strong Using bitcoin as a natural hedge for local Fiat Currency  …

Read More

Bitcoin vs. British Pound – The Shocking Truth!

The past year has been an interesting one for the UK, beginning with the unexpected BREXIT result from the 23 June 2016 referendum which called for leaving the European Union. The British Pound dropped sharply after this result and market uncertainty continued as Prime Minister David Cameron resigned. In stepped Prime Minister Theresa May and BREXIT Article 50 was triggered on 29 March 2017.  In a surprise move, an early election was called by Prime Minister Theresa May thereafter. Now more uncertainty abounds after the election results of a HUNG…

Read More