Latest News On Cryptocurrencies

The bitcoin markets are experiencing significant price volatility leading up to the launch of Cboe’s futures markets, as many traders place their bets on how the markets will react to the highly anticipated event. With the Launch of Cboe’s Bitcoin Futures Markets Hours Away, Bitcoin’s Price is Making Significant Moves After establishing a new all-time high on the 8th of December, the bitcoin markets retraced heavily before rallying up to the $15,000 USD area. The considerable volatility experienced by the markets has led to a dramatic spread in prices across exchanges. On Bitstamp, the BTC markets produced a high of $16,667 on the 8th of December, before bouncing off the $12,800 area this morning. On Bitfinex, a new record high of $17,171 was reached before the markets established support at $13,000. Coinbase produced the greatest price disparity, setting a new all-time high of $19,340 before finding a floor at the $13,500 area. All major markets produced a two-day retrace of...

Bitcoin has begun trading on a major exchange for the first time in what is being regarded as a step towards legitimising the digital currency. Trading opened at 23:00 GMT Sunday on the Cboe Futures Exchange in Chicago, valuing Bitcoin at $15,000. The currency's futures were volatile for the first 20 minutes, rising to about $16,600 before dropping back. Bob Fitzsimmons at Wedbush Securities said about 150 trades were made in the first few minutes: "It's quiet." The Cboe's move is expected to be followed next week by a rival listing on the Chicago Mercantile Exchange. Anticipation of the first mainstream listings have helped the controversial currency soar past $10,000 and then over  $17,000 on Thursday  before retreating. Bitcoin was trading at about $15,230 on Monday, according to Coindesk.com  . Nick Colas, of Data Trek research, said the futures listings gave Bitcoin "legitimacy - it recognises that it's an asset you can trade". ...

Bitcoin cash has been gaining more support from within the automated teller machine ecosystem after a few companies revealed the digital asset would be integrated into their machine’s software. Now, this past week the bitcoin cash (BCH) community got more infrastructure endorsement from the ATM manufacturer  Lamassu  as the firm announced BCH support has been implemented into their machines. Lamassu ATM Manufacturer Announces Bitcoin Cash Support This week the well-known bitcoin ATM manufacturer, Lamassu, announced to its Twitter followers that bitcoin cash functionality is now available. Lamassu was founded by two brothers named Zach and Josh Harvey back in 2013. According to the company’s  geolocation map , there are roughly 268 Lamassu machines spread all over the world. The founders felt that cryptocurrency wasn’t easy to obtain so they built a prototype so people can acquire bitcoin through an automated machine. Now bitcoin cash supporters can obtain BCH via...

The recent rise in Bitcoin’s value has initiated varied reactions from different quarters of the industry. While holders of the cryptocurrency are excited with the extraordinary profit generated from their investment, some merchants are becoming more  reluctant to accept Bitcoin  because of its high volatility. As Bitcoin’s price (and  adoption ) soars, more attention is being paid to the cryptocurrency, both by enthusiasts and regulators. Of course, the two sides often are far apart in their views. Still much to behold Varun Satyam, Co-Founder and CBO of almora.io thinks that more attention should be paid to how adoption will  play out in developing nations . Satyam is of the opinion that Bitcoin has crossed the line where it can no longer be stopped, and the only thing left is to see how it develops going forward. Satyam tells Cointelegraph: “It is even more interesting to see how Bitcoin and cryptocurrency adoption in developing nations [will] b...

Bitcoin has sustained its phenomenal rise and already surpassed the  $18,000 per token level  as of Dec. 7, 2017. Because of this, the leading virtual currency’s  market capitalization  (cap) has also swelled to a new  record high of $305 bln , surpassing that of payments technology firm Visa, whose  market cap  is currently pegged at $254.74 bln. In his  tweet , Pension Partners Director of Research Charlie Bilello said that Bitcoin’s cap has already surpassed that of Visa’s. Visa is currently the biggest electronic payment processor in the world with a revenue of $8.9 tln and 141 bln transactions annually. View image on Twitter Charlie Bilello ✔ @charliebilello Bitcoin's market cap just passed Visa's. Yes, that Visa: Largest electronic payment processor in the world $8.9 trillion in 141 billion transactions per year Across 160 currencies and over 200 countries $ BTC.X   $ V 7:28 PM - Dec 7, 2017 ...

The global average bitcoin price across major markets including the US, Japan, South Korea, and Europe has surpassed $16,000, peaking at $16,422. Within the past 24 hours, the price of bitcoin has recorded an increase of nearly 30 percent, outperforming all of the top ten cryptocurrencies in the market, including Ethereum, Bitcoin Cash, and Litecoin. $10,000, the “Psychological Level” Passed, Anything is Possible? George Kikvadze, a highly regarded bitcoin investor and vice chairman at leading bitcoin mining firm Bitfury, stated that the $10,000 mark was the psychological level for the majority of investors and traders in the bitcoin market. Once the price of bitcoin breached $10,000, it skyrocketed to $15,000 within a period of several days, and according to Kikvadze, anything is possible beyond $10,000. “What a momentum. Buying up more at $13,000. As I said $10,000 psychological level was passed. Now anything is possible,” said Kikvadze. Over the next few weeks, e...

An Auckland man sold his house and spent all the proceeds on trying to make his fortune through virtual currencies. The 30-year-old IT professional, who didn't want to reveal his identity, has created a "virtual-currency mine" at a secret west Auckland location; a small room filled with incredibly powerful computer hardware that trawls through millions of transactions a second. The man first became interested in the monetary phenomenon in 2013 when the price of a bitcoin was about $1. Earlier today, bitcoin was worth in excess of US$18,000. Despite an unremarkable start to his venture, a friend suggested he purchase more equipment to increase his returns. "Then we got talking: What if we put $5000 into it? What if we put $10,000 into it? What if we sold the house and put it into all of these? "That's literally what I did: Sold the house in Hamilton and here we are today." With the $60,000 equity he received from the $300,000 sale, he purch...