Bitcoin Pushes Past $7000, is this sustainable?

Bitcoin one year ago was trading at $733, today Bitcoin is over $7000, an increase of more than 860% in 12 months.   source – Cryptocompare   Numerous questions arise as to the resilience of Bitcoin and why the price is driving towards new highs, some predicting from $10,000 by end of 2017 to the prediction of $27,000 in a few months time by Trace Meyer.   As reported by bitcoin.com, Economist Jeffrey Tucker believes that Bitcoin will not be controlled or limited by governments.  Tucker says “Bitcoin is the application…

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World’s Biggest Options Exchange (CBOE) Embraces Bitcoin

A 1.6 Billion Bitcoin Opportunity for Wall Street Exchanges detailed by a cryptocurrency report by the Bank of America Merril Lynch. Bitcoin can no longer be ignored as more investors want exposure to the cryptocurrency. Futures Options and ETF’s are the focus points for a collaboration between Gemini Bitcoin Exchange and the Chicago Board Options Exchange – when this comes to fruition, it could put a fire under the Bitcoin price and value.     In a recent Coindesk article on Bitcoin Futures Trading – “Among CME Group chairman and CEO…

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The Great Bitcoin China Showdown

China has banned ICO’s and Bitcoin trading is next – Exchanges have been ordered to shut down their Chinese operations. This sudden development begs some questions:- Will Bitcoin mining be affected? Will compliant exchanges reopen with stricter rules and regulations? Is China developing a sovereign digital currency?   Bitcoin is proving to be resilient … once again.       Smartphones are coming to a blockchain near you, Futuretech on BitVault – Click here to listen     Collect your FREE PDF – The Bitcoin Believers Business Manifesto Please leave…

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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 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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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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