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 28 August 2017 – Bitcoin EFT’s Become More Likely as New ETF’s filed with SEC

Bitcoin News today with the leading story reporting that two more Bitcoin ETFs have been filed with the U.S. Securities and Exchange Commission (SEC). “Rex Bitcoin Strategy ETF” and “Rex Short Bitcoin Strategy ETF”. Their investments will include US-listed Bitcoin derivatives. Once ETF’s are listed on stock exchanges, this will open up the opportunity for thousands of investors such as institutions, banks, pension funds, insurance funds, hedge funds and any individual who has an account with the stock exchange. This could put a fire under Bitcoins price. According to a…

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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 22 August 2017 – Credit Suisse leads Banks for Blockchain-based Syndicated Loans

Bitcoin News today with the leading story being Credit Suisse leading a group of banks in the launch of a commercial platform for blockchain-based syndicated loans. Credit Suisse believes blockchain technology can reduce barriers between counterparts as well as reduce time and cost by using smart contracts.   Emmanuel Aidoo, who leads Credit Suisse’s blockchain said “We are working to put a few dozen smaller loan transactions, where we or other participating banks are the agent, onto a distributed ledger platform using smart contracts in production next year.”   Banks…

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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 14 August 2017 – Bitcoin Bull Run Stampedes over $4200

Bitcoin News Today and the Bitcoin price is extremely bullish! Hitting highs of more than $4200 on some Far East Exchanges – This bull run has been fueled by high demand by the Japanese YEN Market (46%) followed by the USD (23%) and the South Korean Won (13%).   When Japan made Bitcoin legal tender in their country on 1 April 2017, it energized the market and adoption by Consumers, Merchants, Investors as well as Institutional Investors is gaining more momentum. Japan has started a domino effect around the world…

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Bitcoin News 7 August 2017 – Bitcoin Price Soars beyond $3400

Bitcoin News today sees the Bitcoin price rise above $3400 in the wake of SegWit activation on 1 August 2017, and the subsequent birth of Bitcoin Cash. High traded volume supporting the soaring price as investors rush to own Bitcoin.     Some investors are paying an almost 75% premium just for exposure to Bitcoin and this relates to Grayscale Bitcoin Trust, the only exchange traded Bitcoin product on the market today.   The SEC is changing guard as the existing top official in charge of approving new financial products…

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BREAKING NEWS – Bitcoin Price Shoots Past $3000 to New All Time High

BREAKING NEWS – the Bitcoin price has just shot past $3000 to a new all time high. This has come at the end of a historic week in the life of Bitcoin.     1 August saw the activation of SegWit (BIP148) which seemed to pass as a non-event. Later in the day, a miner activated hard fork activated and created a new cryptocurrency called Bitcoin Cash. Everyone who had Bitcoin in their personal wallet or in a participating exchange would have received the same quantity in Bitcoin Cash.  …

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Bitcoin News 4 August 2017 – The Birth of Bitcoin Cash and the Resilience of Bitcoin

Bitcoin news today – an eventful week saw the birth of Bitcoin Cash and the resilience of Bitcoin. Very quickly Bitcoin Cash shot to third place in terms of market cap but has since dropped into fourth place under Ripple, the protocol which has been adopted by many banks and payment networks globally.   source:  coinmarketcap.com   Bitcoin price stability is a testament to the fact that Bitcoin has strong fundamentals. In a new development, the Chicago Board Options Exchange (CBOE) has partnered with Gemini, the Bitcoin exchange backed by…

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