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 July 2017 – Inching Closer to Bitcoin Upgrade, are You Ready?

Bitcoin News Today – We are inching closer to 1 August activation of Bitcoin Scaling, BIP91 – will we have a fork and create BCC (Bitcoin Cash) or will it be a non-event? Final signaling by all miners to implement SegWit has taken place while exchanges are still deciding to suspend trade during this time or not.  In the meantime, the Bitcoin price is strong as support has not waived. The Ethereum price has dropped somewhat, under $200, however, development in the Ethereum network continues, a good sign.    …

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Bitcoin, Ethereum, Dash – Which are the best?

There are over 800 cryptocurrencies / crypto assets in circulation and it is important to understand the differences as well as use cases before making a decision to invest.  Crypto’s are not equal – Some are “me too’s”, some have specific uses and some have Unique Selling Points.     #1 PAYMENT SYSTEM AND DIGITAL CASH BITCOIN – A digital and global payment system that allows people to send or receive money across the internet to anyone, anywhere, anytime. Store of Value, Backed by mathematics and Proof vs trust Why…

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Bitcoin News 17 July 2017 – Bitcoin, Ethereum Volatility after Price Drop Shock

Bitcoin news today – Top story must be the sudden drop of the cryptocurrency market in the past week that has sent shockwaves through the market. The Bitcoin exchange GDAX, plans to suspend Bitcoin Withdrawals If UASF Activates – this is a warning not to keep your Bitcoins in an online wallet.       The upcoming scaling of Bitcoin, implementation of SEGWIT2X, is still creating much concern and as a result, causing the markets to react negatively. Interesting to note that this downward trend also affected most of the…

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Bitcoin News 5 July 2017 – Bitcoin Scaling Looms – Countdown Dates to Watch

Bitcoin News Review and the Major news from today’s headlines – Countdown to SegWit: the Dates to Keep an Eye On;  Deloitte and Waves Platform have partnered and believe they will shape the future of the blockchain.     Countdown to SegWit: The dates to keep in mind:- July 14: BTC1 Deployment July 21: BIP91 Signaling to Start July 23 (at the earliest): BIP91 Lock In July 25 (at the earliest): BIP91 Activation July 29: BIP91 Deadline July 31: BIP141 Deadline August 1: BIP148 Activation For more info, go to the full…

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Bitcoin News – Exponential Growth of Cryptocurrency Market

Bitcoin is the Trailblazer and King of Cryptocurrency also known as the “Internet of Money”.  The success of Bitcoin has led to the exponential growth of the altcoins market such as Ethereum, Ethereum Classic, Ripple, NEM, Litecoin, and Dash.  The first six months of 2017 has seen a spurt of growth from Bitcoin, Ethereum and various Altcoins that pushed the market cap over $100 billion collectively.   The various cryptocurrencies are not all the same as they have different applications.  For example:- BITCOIN – a store of value and payment…

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Bitcoin News 30 June 2017 – Ethereum Network Congestion Eased

Bitcoin Today – The Bitcoin price continues to consolidate around $2500 – enormous growth from the $1000 level of January 2017. Ethereum over the past few days has hovered around the $300 mark and looking strong. The network congestion of the past week or so could be improved as the Ethereum network’s transaction capacity has just been increased.  Stepping up the GAS!       News Headlines: Fidelity Charitable Has Raised $9 Million in Bitcoin So Far in 2017 Demand for Bitcoin Industry Surges, Blockchain & Coinbase Lead Investors Japan…

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Bitcoin News 29 June 2017 – BitVault Embraces Crypto Giants Bitcoin and Ethereum

Bitcoin Today – The Bitcoin price seems to be consolidating again above $2500. Ethereum is on the move again, over $300 after dropping under $250 just a few days ago. With all the development and adoption of these cryptocurrencies and taking a long term view, these prices will go up.   BREAKING NEWS – The World’s First Blockchain Phone, the BitVault, is adding an Ethereum wallet with the same security and features as Bitcoin.     News Headlines today:   Bitpoint Adds Bitcoin and Ether Payments to Platform with Unionpay,…

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Bitcoin News 28 June 2017 – Large Cyber Attack Cripples Global Networks

Bitcoin News today – the Bitcoin price has recovered somewhat and so have the other cryptocurrencies such as Ethereum. Be mindful of the fact that the cryptocurrency market has seen massive growth in the first 6 months of 2017 however, some volatility is expected in the short term.   What is your mindset – Speculator or long term investor? Learn about the fundamentals driving the Bitcoin price – Top Ten Drivers of the Bitcoin Price          News headlines:-   ‘Powerful’ cyber attack on Ukraine goes global – Chernobyl’s…

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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…

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