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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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 1 September 2017 – Cryptocurrency Market Cap Heading for $200Billion

Bitcoin News today and the Bitcoin price has reached an all time high of over $4800 – are we going to see a $5000 level soon? At the time of publishing, the Cryptocurrency Market Cap was $174,052,229,992 comprising of 866 Currencies / 230 Assets and trading in 5411 Markets – source coinmarketcap.com. The Ethereum price has taken off in the past week as it nears $400 with Dash prices following suit.   Altcoins are contributing significantly to the rise in market cap as the graph below shows.       Other news…

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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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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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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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Bitcoin News 1 August 2017 – Bitcoin Hard Forks, Bitcoin Cash Created

Today is a momentous day for Bitcoin – the day that the UASF, User Activated Soft Fork, activated. The Bitcoin price almost touched $3000 but dropped down around $2700 a little later. The Bitcoin hard fork, MAHF, Miner Activated Hard Fork, occurred at 12:20 UTC – miners that are mining Bitcoin Cash created a transaction block greater than 1 MB in size and forked the Bitcoin network – the creation of Bitcoin Cash.   Bitcoin.com reported “This past March Bitcoin.com launched its mining pool which has garnered quite a bit…

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