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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Bitcoin Support in Japan Rapidly Escalating

Since the Japanese Government legalized Bitcoin as a payment system, the adoption of the cryptocurrency by the people, the value increase as well as the dominance of the Yen in the global traded volume has been rapidly escalating.       BTC Volume by Currency     Price Chart   Japan Driving Government Adoption   Collect your FREE PDF – The Bitcoin Believers Business Manifesto Please leave your questions and comments below: What is EOT?  Learn more by clicking on the image BELOW   Introducing the World’s First Blockchain phone,…

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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 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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