Bitcoin appreciated to new record high of nearly 8,000 USD

November 17, 2017 2:12 pmComments Off on Bitcoin appreciated to new record high of nearly 8,000 USD
Bitcoin appreciated to new record high of nearly 8,000 USD

The Bitcoin appreciated again, reaching a record high of nearly 8,000 USD, just days after wiping over 29% of its value. After wiping out 38 billion USD of its market capitalization, the currency struck a new record on Thursday after rising 1.3% to 7,994.56 USD. This is the fourth consecutive day of growth. The virtual currency has experienced serious sales earlier this week because of the postponement of a technological […]

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North Korea funds regime through mining Bitcoins

November 7, 2017 1:05 pmComments Off on North Korea funds regime through mining Bitcoins
North Korea funds regime through mining Bitcoins

Despite of growing international sanctions, North Korea has found a new way of funding – by mining Bitcoins. Pyongyang has begun stockpiling reserves in May and could use them to generate revenue for the regime. The UN Security Council unanimously approved new sanctions against the isolated state, which are the harshest so far, restricting oil imports, banning the export of textile products and ending additional labor contracts abroad. Bitcoin can […]

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Why the bubble of Bitcoin will burst soon?

7:11 amComments Off on Why the bubble of Bitcoin will burst soon?
Why the bubble of Bitcoin will burst soon?

Today, the value of the Bitcoin and other virtual currencies is based on the comparative anonymity of the transactions, which they allow. When states step up their supervision, or create their own virtual currency, this advantage will disappear, according to the Harvard University Professor of Economics and Politics, Kenneth Rogoff. “Is actually the Bitcoin the world’s biggest bubble or a very good modern investment in the new era of financial […]

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Crypto-currency market value has exceeded a record 200 billion USD

November 5, 2017 3:23 pmComments Off on Crypto-currency market value has exceeded a record 200 billion USD
Crypto-currency market value has exceeded a record 200 billion USD

The value of the crypto-currency market value has exceeded a record 200 billion USD this week, after the record growth of the Bitcoin exchange rate, which represents the vast majority of this valuation. The total volume of trade reaches over 202 billion USD. Growth is largely determined by the cost of the Bitcoin, which has reached a record 7,454 USD, shows the Bitcoin Price Index. This represents a growth of […]

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CME Group plans to launch futures on Bitcoin

November 2, 2017 9:15 amComments Off on CME Group plans to launch futures on Bitcoin
CME Group plans to launch futures on Bitcoin

CME Group plans to launch futures on Bitcoin in the fourth quarter of the year, but still waiting for the regulatory approval. Following the news, the Bitcoin rose to a record 6,400 USD and uptrend continue. “With growing customer interest in the emerging crypto-currency market, we decided to introduce futures on the Bitcoin”, said CEO of world’s largest futures trader CME Group, Terrence Duffy. The leading global exchange for trading […]

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