Addressing Bitcoin’s volatility challenge – New Dollar Backed Digital Currency introduced

BEIJING, Nov. 14, 2017 /PRNewswire/ — Sources at the leading Blockchain company Coinfix Inc. disclosed that they have launched USC, an encrypted digital asset pegged to the U.S Dollar. With a fixed exchange rate of 1:1, it means that holders of USC will have the flexibility of a digital asset and the assurance of US dollar value.   Kevin Yu, the founder of Coinfix, argues that the appeal of USC lies in its stability, efficiency, and security. USC includes a mechanism for stability by requiring Coinfix users to store corresponding USD in their Coinfix account. One unit of USC will be issued on Blockchain only…

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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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World Money in Perspective – How Big is Bitcoin now?

How big is Bitcoin in relation to the rest of the world’s money?  Have you missed the opportunity if you haven’t invested yet?  It’s time to put things into perspective.   Bitcoin is just over 8 years old and much of the world still has no idea what Bitcoin actually is.  Considering the fact that Bitcoin has just begun and started at zero value, the growth in the cryptocurrency has strengthened year on year as more acceptance and adoption takes place.  Interesting to note, the current market cap of Bitcoin…

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Bitcoin News 19 June 2017 – Bitcoin drives down Remittance costs

Bitcoin News Today – The Bitcoin price seems to be consolidating over $2500 during the past few days and Ethereum seems to be consolidating over the $350 mark. Both have had enormous growth over the past month with the market cap for all cryptocurrencies being over $110 billion.     Other news headlines:-   Blockchain in France: A Primer on an Emerging Market How to start a Fake Cloud Mining business, Easy and Risk-free – Uncle Scam Chinese Explore Future of OTC Trading at Bitcoin Meetup Venezuelans Are Seeking a…

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London FinTech Week News

Returning for the fourth year from the 7th to 14th of July 2017, London FinTech week is set to be a premier event not to be missed.  London remains the FinTech capital of the world and the agenda for the event does not disappoint.   For a sneak preview of the event, watch this video below:-         Listen to a podcast regarding the lineup and agenda here   Collect Your Free PDF – The Bitcoin Believers Business Manifesto Please leave your comments below – let us know…

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Bitcoin News 14 June 2017 – Ethereum Value Proposition Booming

Bitcoin Today – the Bitcoin price, as well as the Ethereum price, are doing a sideways shuffle while 24-hour trading volume between the two is reported close.  Ethereum value proposition is booming as governments, central banks, businesses and influx of ICO’s is apparent.     Other news headlines:-   PwC Principal: Cryptocurrencies Could Power New Economy Morgan Stanley Says Bitcoin Needs Regulation to Keep Rising “Due To Popular Demand” Goldman Starts Covering Bitcoin Bitcoin Exchange Coinbase Suffers ‘Major Outage’ Amid Trading Frenzy Battle of the Giants – Bitcoin vs Ethereum…

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Bitcoin News 12 June 2017 – Bitcoin and Ethereum top $113 Billion Cryptocurrency Market

Bitcoin News Today – The Bitcoin price hit new highs of over $3000 only to drop below shortly thereafter – Ethereum is gaining huge momentum reaching the $400 level as fundamentals are strengthening. Bitcoin and Ethereum top the $113 Billion Cryptocurrency Market!   Other news headlines:- Bitcoin, Ethereum and a New Direction for Cryptocurrency Investment Criminals Hijack Linux Servers Through SambaCry Exploit to Mine Monero 4 Reasons Why Bitcoin Is Not In A Bubble What is Ethereum – Explaining the World’s Supercomputer Blockchain Brings Privacy to Genomic Data   Top…

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Consumers Driving Bitcoin Price

New Consumers are joining the Digital Cryptocurrency market daily – what are the reasons why Consumers are adopting Bitcoin so readily? Here are some of the reasons:-   As a Payment System – Bitcoin is sent across the Internet quickly and cheaply without the need for costly 3rd parties As a Speculator – short term trading as a revenue stream As a long term Investment – Bitcoin, a store of value, is on an upward trend with long-term fundamentals strong Using bitcoin as a natural hedge for local Fiat Currency  …

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Bitcoin vs. British Pound – The Shocking Truth!

The past year has been an interesting one for the UK, beginning with the unexpected BREXIT result from the 23 June 2016 referendum which called for leaving the European Union. The British Pound dropped sharply after this result and market uncertainty continued as Prime Minister David Cameron resigned. In stepped Prime Minister Theresa May and BREXIT Article 50 was triggered on 29 March 2017.  In a surprise move, an early election was called by Prime Minister Theresa May thereafter. Now more uncertainty abounds after the election results of a HUNG…

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