On Friday, October 20th, Bitcoin hit a new all-time high level of $6,000. In the afternoon, the price of bitcoin started climbing and broke the $6,000 "threshold", climbing to around $6,144 (Coinbase). Although, the price today is decreasing slowly, coming at $5, 959 (Coinbase), the market capitalization of the "people's currency" is now around $100…
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After the fluctuations in the price of bitcoin over the past month, the cryptocurrency took another hit yesterday, when it dropped with a 7-day low level of $5,113, according to Coindesk and Bitfinex. The "people's currency" managed to bounce back and is now trading at around $5,669 reaching up to $5,725, with an increase of…
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One of the most renowned professors of economics, Robert Shiller, has recently called bitcoin "a fad" in an interview for CNBC. The author of "Irrational Exuberance" shared his opinion that people should be wary of bitcoin's popularity. He said: "It seems there is some strange enthusiasm for it", referring to the massive growth and excitement…
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After much criticism from Jamie Dimon and China banning domestic exchanges from trading cryptocurrencies, Bitcoin hit all-time highs when it surged to $5,386.23, as reported by Forbes and Coindesk. After going down with almost 40% to $3,000 in August, the "people's currency" is back with a vengeance. The new highs in Bitcoin price represent around…
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Bitcoins have created a "craze" around the world, with 600% growth in the last 12 months, and constantly increasing value over time, despite some downs. Now, the Pacific island nation of Vanuatu is the first nation to grant citizenship to people in exchange for bitcoin. Such application of bitcoins has not been used so far…
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UK FCA regulated global provider of FX and CFD brokerage services Tickmill just announced that has added Bitcoin (BTCUSD), one of the world’s most popular cryptocurrencies, to its list of trading instruments. Bitcoin is a digital currency that is completely decentralised, meaning no central bank or organisation controls it, therefore Bitcoin trading is an attractive…
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Two new Bitcoin ETFs have been submitted for approval to SEC by Proshares Capital Management, according to the S-1 documents. The two new ETFs, ProShares Bitcoin ETF and ProShares Short Bitcoin ETF, will be involved in derivatives rather than actual bitcoin purchases. According to the documents submitted by the fund, the ETFs will be traded at…
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As CNBC reported today, Tony Robbins said about bitcoin: "I think [bitcoin] is very iffy, I don't have a clue. I look at that as it's like going to Vegas." It's certainly been a wild ride for bitcoin and bitcoin cash, as the price recently dropped by more than 40%, fluctuating between all-time high levels…
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Ether price has climbed over $300 for the first time in couple of weeks. On September 27th, Ether price level traded consistently above $300, as reported by Coindesk. With fear coming from regulations (China's ban on domestic exchanges to trade bitcoin) and the consistent rumors of different countries launching their own domestic digital currencies (Denmark,…
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Blockchain research and development pioneer nChain and software provider Bitcoin Unlimited (BU) announced a joint Gigablock Testnet Initiative to test the bitcoin network's ability to handle significantly larger block sizes. This global test network is another step in nChain's growing collaboration with BU on initiatives to help achieve massive on-chain scaling of the bitcoin network.…
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