Days after hitting record $13K high, Bitcoin surges even higher

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Bitcoin, the best-known digital cryptocurrency, reached a brand-new record high on Thursday: $16,000 for one Bitcoin. That’s almost a 25 percent increase from its record high, $13,000, that made headlines when it happened just a couple days back. In its earlier days, circa 2011, one Bitcoin could be bought for less than one dollar. At the beginning of 2017, one Bitcoin could be acquired for less than $1,000. To put this in point of view: There are many individuals who are sitting on numerous thousands, if not millions, of dollars today. If someone acquired $100 worth of Bitcoin in 2011, that person would now have $1.6 million in their CoinWallet– offered they sell today.So, what’s driving this unmatched surge? And is this sustainable in the long-run? Like many economic bubbles, the factor for the ridiculous surge in Bitcoin– the cryptocurrency now has actually an approximated circulation of$ 250 billion– might not always be based upon rational behavior. Last week, a market analyst told The Guardian that the variations in Bitcoin’s worth exemplified”the insanity of crowds.”Yet some experts believe Bitcoin’s sky-high currency exchange rate has a lot to do with the influx of financiers and increased interest from established monetary institutions, …

As Bitcoin Hits $15K, a Warning From Dante’s Inferno

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As Bitcoin Hits $15K, a Warning From Dante’s Inferno < meta http-equiv = content-type content="text/html; charset = UTF-8; width = device-width" > < meta name = title content="As Bitcoin Hits $ 15K, a Warning From Dante's Inferno" > < meta name = description material =" To say it's a meteoric rise isn't really too hyperbolic. Bitcoin hit $ 15,000 early Thursday, simply 12 hours after it passed the $ 14,000 mark, reports Company Expert, which puts the digital currency's ... Loan News Summaries.|Newser" > < meta name = tweetmeme-title material="As Bitcoin Strikes $ 15K, a Caution From Dante's Inferno" > < meta name = thumbnail content = http://img1-azcdn.newser.com/square-image/252562-20171207074127/as-bitcoin-hits-15k-a-warning-from-dante.jpeg > < meta http-equiv = X-UA-Compatible material = IE = edge, chrome = 1 > < meta residential or commercial property = twitter: title content="As Bitcoin Strikes $ 15K, a Warning From Dante's Inferno" > < meta home = og: title content="As Bitcoin Hits $ 15K Comes a Warning From Dante's "Inferno"" > < meta home = og: description material =' "All the authorities can do is set up the indication."' > < meta home = og: image material = http://img2-azcdn.newser.com/image/1156145-12-20171207074127.jpeg > < meta home = og: url content = http://www.newser.com/story/252562/as-bitcoin-hits-15k-a-warning-from-dante.html > …

Goldman Sachs to clear bitcoin futures: spokeswoman

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Business Goldman Sachs to clear bitcoin futures: spokesperson Goldman Sachs Group Inc. is planning to clear bitcoin futures for some clients as the brand-new agreements go reside on exchanges in the coming days, a spokeswoman for the bank said on Thursday . FILE PICTURE-The logo design of Goldman Sachs is displayed in their office situated in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Image NEW YORK: Goldman Sachs Group Inc. is preparing to clear bitcoin futures for some clients as the new agreements go survive on exchanges in the coming days, a spokeswoman for the bank said on Thursday.The bank, which assists customers buy and offer derivatives, is” evaluating the requirements and risk characteristics for the bitcoin futures contracts as part of our standard due diligence procedure,”Tiffany Galvin, the Goldman Sachs spokesperson said.(Reporting by Anna Irrera; editing by Diane Craft) Source: Reuters Bookmark Get the Channel NewsAsia newsletter in your inbox Invalid email address It appears like the e-mail address you entered is not valid.More stories for you

Out of Steam: PC Video Gaming Platform Ends Bitcoin Payment Alternative

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The energy element of Bitcoin dealt with a setback the other day as PC players spoken with Valve Corporation’s Steam Group in a blog post that Bitcoin would not be accepted as payment on its digital distribution platform, Steam. Pointing out the volatility of the currency in addition to the increasing expense of costs, a representative of The Steam Group, understood as “kurtis”, explained that the volatility of Bitcoin has developed an issue for users attempting to purchases video games using the currency. Kurtis explained that: The value of Bitcoin is just ensured for a certain amount of time … Learn more– > CLICK ON THIS LINK all material is copyright Bitcoin Magazine.Need Bitcoin marketing and PR? Get your very own professional Bitcoin or cryptocurrency press release CLICK HERE.. Powered by ABITCO.IN Read More

ICO Scammers: A New Breed of Cybercriminals?

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An increase in the number of cryptocurrency tasks and thus the ICOs has actually opened a great deal of opportunities for different type of people to make a fast dollar. While the majority of these chances are tidy and genuine, there are some which aren’t, and can be classified as “borderline extortion.” For any crowdsale or an ICO succeed, the promoters of the task have to strive as well as spend a little fortune on marketing and promotional campaigns, so that they can develop trust among the neighborhood members, who will, in turn, contribute towards the job. If there are any doubts about the legitimacy of a project, community involvement in the crowdsale could be seriously affected, leading to a failure of the ICO and in turn the project itself.Given the circumstance , numerous reports have actually emerged where crypto-project promoters and designers were approached by individuals declaring to assist in promoting the task and crowdsale over various platforms for a substantial fee. While one cannot really comment on their efficiency, turning them down might turn damaging to the project. According to couple of individuals in the market, these” so-called “influencers have actually threatened to revile the job when their …