Cryptocurrency Market Cap over $347 Billion

2017 has been the year of cryptocurrency.  The market has grown in value by 1850% since 1 January 2017 as Bitcoin and some cryptocurrencies have rocketed in price.  The Bitcoin meteoric rise is being reported by mainstream media daily sparking interest across the globe.  One of the drivers of the Bitcoin price is certainly the news that the CME Group, the world’s largest options exchange, integrates its Bitcoin futures exchange by 17 December and open to trading the following day.  The CBOE (Chicago Board Options Exchange) announced plans for Bitcoin contracts…

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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…

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Cryptocurrencies are Not all Equal

Bitcoin is most certainly the ’Big Daddy’ of crypto, being the first to market and now with a proven store of value and resilience.  Bitcoin’s value has increased by over 30,000% since creation in 2008 and has taken some heat from governments, regulators, central and commercial banks as they become aware that cryptocurrency cannot be ignored.   The success of Bitcoin has prompted more development of alternative cryptocurrencies, some very similar to others and some with specific use cases. The rise in value and adoption of certain altcoins have shown…

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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…

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Bitcoin News 29 August 2017 – SEC Clamping Down on ICO’s

Bitcoin News today leads with the news that The U.S. Securities and Exchange Commission (SEC) issued a warning about companies making Initial Coin Offering (ICO) claims, market manipulation as well as “pump and dump” schemes. The number of ICO’s has rapidly escalated during 2017 and this has piqued the interest of regulators from China to the USA.       In other News Headlines:-   Saxo Bank – A Denmark-based multi-asset and trading institution just added exchange-traded notes for Bitcoin. The bank recently stated they are allowing clients to gain…

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Bitcoin News 24 August 2017 – Bitcoin’s SegWit Finally Activated

Bitcoin news today which leads with SegWit being activated – bringing the years-long debate over the “contentious code upgrade to an official close”. Now the next discussion and agreement looms – doubling the blocksize from 1Mb to 2 Mb – all this to allow Bitcoin to scale and reduce transaction time.       Other News headlines:-   The Yours Network Switches from Litecoin to Bitcoin Cash for Cheaper Micropayments – Initially launched with Bitcoin but transaction fees became too high to justify micro payments.   Blockchain-driven digital identity fraud…

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Bitcoin News 23 August 2017 – Japan’s Bitcoin Boom – 50 Bitcoin Exchanges Register with FSA

Bitcoin News today and further to Japan legalizing Bitcoin in April 2017, approximately 50 Bitcoin Exchanges have registered with the Japanese Financial Services Agency and all will be reviewed. There are startups that operate Bitcoin exchanges like Bitflyer and Coincheck, however, there is also a growing number of large corporations adding Bitcoin exchanges as part of their services.   Since the Government legalized Bitcoin as a payment system in Japan, adoption by merchants, consumers, institutions, and investors have soared. The Japanese Yen continues to dominate Bitcoin trading volume globally. More…

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Bitcoin News 21 August 2017 – Japan Driving High Consumer Demand for Bitcoin

In the Bitcoin news today with the leading story that Japan’s top customer-to-customer (C2C) ticket exchange marketplace, Ticket Camp will be the first in the Japanese ticket industry to accept bitcoin.   The site has about 5 million users and processes approximately 5.8 billion yen per month – all of these users will now be exposed to Bitcoin thus creating more demand. In recent months, the Japanese Yen has dominated Bitcoin trading as more than 50% of Bitcoin has been traded in the currency. Bitcoin growth in the past two…

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Bitcoin News 18 August 2017 – Investors Globally Looking to Bitcoin

Bitcoin News Today and leading story for the day is the announcement that Fisco, a Japanese financial information company, announced that they have issued a Bitcoin bond. Since the Japanese made Bitcoin legal tenders in April 2017 much progress has been made in terms of adoption of the digital asset. A Bitcoin-backed bond would allow large institutions to store value and be more accepting of Bitcoin.   Digital Assets are getting closer to traditional investments. Just recently, it was reported that Bitcoin options, futures and an exchange-traded fund that track…

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Surfing the ICO Wave on the Waves Platform

What is Waves? A blockchain platform – Russia’s biggest A decentralized place for crowd funding A decentralized trading Exchange A tradable Cryptocurrency WAVES has real world tradable value on various exchanges   Key Features are:- WavesDex is the Decentralized Exchange Smart contracts a lot less complex as in Ethereum Tokenization, you can make your own custom tokens or cryptocurrencies Fiat Gateways – currency can be paid into bank account after trade KYC required for Fiat currency deposit and withdrawal But not cryptocurrency transactions   Watch this short video explaining the…

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