Latest News On Cryptocurrencies

Having landed on Wall Street with a bang, bitcoin is solidly bid and looks set to scale new heights. As per CoinDesk's  Bitcoin Price Index , the world's largest cryptocurrency by market capitalization rose to a high of $16,773.04 at 08:00 UTC today, and was last seen trading at $16,500 levels. Going by  CoinMarketCap  data, bitcoin (BTC) has appreciated 16 percent in the last 24 hours. It hasn't all been smooth sailing this week, however. Following all-time highs on Dec. 8, prices  fell to $13,000  yesterday before recovering to $15,700 at the time of bitcoin futures launch on the CBOE. Approximately four hours after the debut, the BTC contract on the CBOE (which expires in January) spiked 20 percent and triggered two trading halts. Further, a surge of traffic to the  CBOE website caused delays and outages, but failed to deter the cryptocurrency from regaining altitude. With doors now open for mainstream investors, BTC is showing no s...

Bitcoin  is now the sixth most circulated  currency  in the world, behind five super powers, and outranking the  Pound , the  Ruble , and the  Won ,  according  to the Bank for International Settlements. The figure is based on a value of Bitcoin at $10,765 each, meaning that the total value of all Bitcoins in circulation is $180 bln. While the number is substantial, should Bitcoin rise to $15,000, it will overtake the next highest circulating currency, the Rupee. The other four currencies outranking Bitcoin are the Yen, Yuan, Euro, and Dollar, all of which have dramatically greater levels of currency in circulation (the Dollar, for example, stands at $1.4 tln). Not to be outdone Other cryptocurrencies are also following suit, with Ethereum ranked at #17, and Bitcoin Cash at #20. Ripple falls just outside the top 20. However, both BCH and XRP are still above both the Krona and Rand for total circulation. These numbers are, of course, ...

India-based digital currency exchanges have claimed that the number of Indian investors who registered in their platforms to buy  Bitcoin  has  increased  considerably in the past few weeks as the value of the leading cryptocurrency  surpassed  the $11,000 level on November 29. The unprecedented rise in the number of investors who want to invest their money in the most popular cryptocurrency was observed despite rumors that the country’s central bank may declare Bitcoin and other cryptocurrencies as  illegal . According to  Unocoin  co-founder and CEO Sathvik Vishwanath, the number of customers who registered on their platform in just one month has reached around 200,000 due to the sharp rise in the price of Bitcoin. “It took us about three years to gather [100,000] registered customers and in last one month itself we have seen about [200,000] customers registering with us.” Phenomenal performance of Bitcoin in India Despite...

Despite hitting $10,000 among major exchanges just hours ago,  Bitcoin  has already tackled $11,000 as markets show no signs of slowing. The first hours of Wednesday saw $10,000  come and ago  on Coinbase, Bitstamp, Bitfinex and others, with trading continuing to just below $10,700 before a correction. That correction was short-lived, however, with Bitcoin then passing that mark to first hover around $10,750 and then continue to the next barrier soon afterwards. Both Bitcoin’s rate of growth and comparative lack of volatility are  unprecedented  in its history. Prices are up almost 1500% in 2017 alone, with expectations by even the more  optimistic forecasters  now seeming modest. New bubble warnings in the mainstream press contrast with investment sources at a loss as to how high Bitcoin could go in 2018. BTCC CEO Bobby Lee even took a randomized approach, basing his $48,000 prediction on the number of his Twitter followers. ...

As Bitcoin and other cryptocurrencies continue to rise in both value and popularity, national governments are starting to scrutinize them more. Case in point is that the Trump administration may be considering regulating Bitcoin. The last year has been an exciting one for cryptocurrency, especially Bitcoin. The digital currency has skyrocketed in value, with no telling how high it will go. The success of Bitcoin has finally convinced major financial institutions to come on board, but such success also brings a great deal of scrutiny. In a recent press conference, White House Press Secretary Sarah Huckabee Sanders said that the Trump administration is monitoring Bitcoin and may consider regulating it. FEDS WATCHING BITCOIN During the daily press briefing in the White House, Press Secretary Sarah Huckabee Sanders was asked by a reporter about President Trump’s views on Bitcoin. In her reply, she said: I know this is something that is being monitored by our team here. In terms o...

Recent news around Bitcoin could be very tasty for fast food lovers! Betting giants Betway have released odds for people to take on the cryptocurrency being accepted by McDonalds by next year. It seems that the sharp rise in the price and mainstream popularity of the cryptocurrency has led to a real feeling that the fast food giants will accept it as a payment method soon. Currently, the betting is 1/2 and this could see many people taking the wager with odds so short. It’s not only McDonalds that may accept Bitcoin What is more amazing is that Betway has not only limited the odds it is offering on Bitcoin becoming an accepted payment method to McDonalds. Retail stalwarts Argos are in at 4/5 to begin accepting Bitcoin payments by late 2018, while travel giants British Airways are currently showing as 1/3 to do the same. In what would be a major move for them and their customers, the all-conquering Amazon are in the running too, with odds of 6/4 being given by Betway. What is ...

BITCOIN is continuing to break records by generating more Google searches than Donald Trump. The cryptocurrency’s price smashed through the $11,000 ceiling for the first time this week, just days after soaring to a previous record of $10,000. And despite the US President causing a worldwide storm by retweeting Britain First and attacking Prime Minister Theresa May, Mr Trump fell behind the surging digital asset as searches for ‘Bitcoin’ exceeded those for ‘Trump’. Bitcoin has hit headlines this week for two very different but significant reasons. Over the past year the average monthly search has been 5.44 million but that has spiked considerably when Bitcoin began November's $7,000 to $11,000 surge. The rise of the coin from less than a British penny in in 2010, to over £8,000 ($11,000) on November 29 marks the staggering rise of a genuine social, cultural and computer-science phenomena. Perhaps more importantly however is the move towards industry investment and the new...