What Is Ethereum?
A short article about the second biggest cryptocurrency in terms of market cap, at $16.2 B at the beginning of December 2019. Many newcomers to cryptocurrency do not know that there are other cryptocurrencies besides the original crypto. If bitcoin aims to be the next digital money that replaces internet banking than Ethereum is a next level operating system for complex financial systems replacing third parties which are vulnerable to external influences. “Bitcoin is first and foremost a currency; this is one particular application of a blockchain. However, it is far from the only application. To take a past example …
6 PREDICTIONS ABOUT FACEBOOK’S NEW CRYPTOCURRENCY
In the latest cryptocurrency news issued by Forbes, Facebook is soon to launch their newest cryptocurrency named Libra, which will be available to all users of their platforms, including Messenger and WhatsApp. Facebook has announced that on June18th 2019, they will reveal plans to announce the finer details of the Stablecoin. Here are six predictions made by Forbes in relation to the cryptocurrency, which is tied to an array of fiat currencies. A Powerful Force For Good, Especially In Developing Countries. Due to developing countries lack of discipline with their central banks and maintaining the value of their fiat currency, …
BITCOIN FUTURES TRADE A RECORD HIGH OF $1.3 BILLION
The world’s largest options and futures exchange, and one of the first two contributors of Bitcoin futures contracts, Chicago Mercantile Exchange and Chicago Board of Trade (CME Group) rallied to an all time high on May 13th 2019. According to CME’s records, the exchange recorded 33,700 future contracts on Monday, which represents a value of around 168,000 Bitcoin, or $1.35 billion. CME’s Group’s Bitcoin futures products skyrocketed due to a direct result of the crypto exchange spot markets rallying to record volumes. CME announced on May 13th, “CME Bitcoin futures reached an all-time record high of 33.7K contracts on May …
STOCKS DOWN YET BITCOIN SKYROCKETS AMIDST US-CHINA TRADE WAR
May has started off on an extraordinary run for Bitcoin (BTC); we have seen the price of the cryptocurrency skyrocket to above $8,100 USD. On Friday 10th May 2019, President Trump’s administration team raised tariffs on $200 billion worth of annual Chinese imports from 10 to 25 per cent. Trump has also announced that he is ready to impose 25 per cent on yet another $300 billion worth of Chinese goods. As a direct result of this, the Dow Jones Industrial Average (DJI) has dropped more than 590 points, with Apple down 5 per cent on the day of the …
BITCOIN BULL RUN IS COMING, ITS TIME TO ACCUMULATE
The beginning of the month of May 2019 saw the price of Bitcoin (BTC) surge past the $6,000 USD barrier since November 2018. Currently at time of writing the price of BTC is sitting at $6,167.80 +2.30 per cent. The upward trend is continuing, with the bullish period beginning in April 2019, with BTC sustaining its price above the $5,000 USD mark since that time. This latest surge in BTC market price highlights current conditions as an example of an occurrence which has previously been seen before in BTC history. Suggestions from cryptocurrency analysts such as Plan B recommend that …
TOM LEE: BTC To Hit Historic Highs By 2020
Founder of Fundstrat Global Advisors Tom Lee has predicted in an interview with CNBC on April 28 that cryptocurrency prices will hit new historic highs by 2020. During the interview, Lee anticipated that Bitcoin (BTC) is yet to complete its upward movement and will reach an all time high based on “11 signs that historically only take place in a bull market”. Lee further explained that three out of the 11 signs are already having a positive impact on BTC, indicating that the crypto winter has seen its end. These signs include Blockchain, technical indicators and trading volumes. In January …
BITCOIN MAKES 457% RETURN IN 2 YEARS – DOW LEFT FOR DEAD
If you invested in Bitcoin two years ago chances are your spending your returns to travel the world, eat out at expensive restaurants, buying holiday homes around the world or making further investments. In the last two years alone Bitcoin has made a return of more than 457%, outperforming the S&P 500, oil, gold and the Dow Jones. To Put things into perspective for you, below is what the other investments would have made you over the same two-year period. S&P 500 – 19.9% Gold – 1.3% Oil – 31% Dow Jones – 26% Bitcoin – 457% These large returns …
BTC OUTPERFORMS NASDAQ IN Q1 OF 2019
We are only in the first quarter of 2019 and it is already safe to say that Bitcoin (BTC) is having a great start to the year. Since the beginning of the year the cryptocurrency has already gained around 40 per cent of its value, soaring to outperform NASDAQ, the S&P 500 as well as most commodities such as gold and oil. Bitcoin’s success does not stop there however; it has also managed to outperform the stock value of marquee companies such as Amazon, JD.com, iQiyi and traditional assets, stocks and indexes. Bitcoin is currently sitting at USD $5,568.53, and …
Japan – The New World Headquarter For Everything Bitcoin
Japan is set to become the world headquarter for everything Bitcoin (BTC) after their Financial Services Agency (FSA) announced this week that they will endorse 11 different cryptocurrency exchanges. This sets Japan on the path to becoming one of the most crypto-friendly countries in Asia. Over the years Japan has been a major leader in Bitcoin and cryptocurrency adoption, accepting Bitcoin as a nationally accepted legal currency in April 2018. Since then, a growing number of companies throughout Japan have been accepting the cryptocurrency. One of the 11-cryptocurrency exchanges that the FSA has endorsed is Bitflyer, which is the largest …
Send, Receive and Trade Crypto Through Popular Messaging App ‘WhatsApp’
WhatsApp one of the most popular messaging apps in the world to date, have just released that their users will soon be able to access a crypto wallet straight from their app. The cryptocurrency wallet, named Wuabit, will allow users to soon be able to send, receive, trade, and perform other tasks relating to crypto assets. With the new service close to completion, the Wuabit team will then look into providing similar functions and featured for Telegram, Facebook Messenger and Viber. A spokesperson for Wuabit told UK Newspaper, The Express, “we are near completing the wallet core service starting with …
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