Ethereum Classic Becomes Fifth Largest Cryptocurrency, Briefly Beats NEM, Litecoin

Ethereum Classic Becomes Fifth Largest Cryptocurrency, Briefly Beats NEM, Litecoin

admin 2017, Altcoin News, Altcoins, Crypto News, Ethereum Classic, In the News, Litecoin, NEM, Prices, Ripple 0 Comments

Ethereum Classic has become the fifth largest cryptocurrency in the world after surpassing the market cap of Litecoin. Briefly, Ethereum Classic also overtook NEM, the fourth largest cryptocurrency with a significantly high daily trading volume. The daily trading volume of Ethereum Classic remains larger than Ripple and NEM, the third and fourth largest cryptocurrencies behind Bitcoin and Ethereum, at $326 mln. In fact, Ethereum Classic’s daily trading volume is 17 times larger than that of NEM. Simply Classic Over the past few months, Ethereum Classic has enjoyed an explosive growth in demand and daily trading volume primarily due to two major driving factors: the debut of the Ethereum Classic Trust and the integration of ETC by leading digital currencies. On April 24, Barry Silbert-led Digital Currency Group, arguably the most prominent investment firm within the Bitcoin and Blockchain industries, launched the Ethereum Classic Trust to provide a platform for accredited and institutional investors to invest in ETC via a regulated channel. Since then, Ethereum Classic has experienced an overall increase in demand, price, market cap and trading volume. By April 1, Ethereum Classic’s market cap was around $200 mln. In less than two months, the market cap of Ethereum surged …

Bitcoin Market Cap Crosses $14 Bln, All Time High

Bitcoin Market Cap Crosses $14 Bln, All Time High

admin Banking, Bitcoin Price Index, Prices, The Future Of Money, World Politics 0 Comments

The market cap of Bitcoin surpassed the $14 bln margin for the first time in history, breaking its all-time record high previously set in 2014. The surging value of Bitcoin led to extensive mainstream media coverage and social media attraction, with Bitcoin earning a spot on the trending section of social media platforms like Twitter. In the morning of December 22, Bitcoin crossed the $14 bln mark to establish its highest market cap to date. Additionally, Bitcoin officially recorded a 100 percent year-to-date price increase, surpassing the performance of well-performing currencies like the Russian ruble by large margins. View image on Twitter Mainstream media outlets including Reuters, Business Insider and CNBC immediately began to publicize Bitcoin’s most significant milestone in recent years, as Bitcoin continues to surge in value with mainstream speculation and increasing demand from dominant markers such as China. While the price has stalled slightly since its initial surge earlier today, the price of Bitcoin reached $874 at its daily peak, surpassing a six-month high value. An optimistic view towards Bitcoin One of the positive aspects of Bitcoin’s price surge that occurred this week is the optimistic view from the mainstream media and high profile investors. Amid the price …

Bitcoin Can Rise to $2000 in January 2017

Bitcoin Can Rise to $2000 in January 2017

admin 2017, Bitcoin, Bitcoin Price, India, Kim Dotcom, Prices, USA 0 Comments

A Saxo Bank ‘Outrageous Prediction For 2017’ says that the spending binge of a Donald Trumppresidency could create ideal conditions for the price of Bitcoin to test $2,000 by next year, as the possibility of the US dollar skyrocketing could force emerging markets to seek alternatives. It projects that the Trump regime’s fiscal spending binge may increase the circa $20 trillion of US national debt and potentially triple the current US budget deficit from approximately $600 bln to $1.2-1.8 trillion or some 6-10 percent of the US’s current $18.6 trillion economy. This may cause inflation to skyrocket, forcing the federal reserve to accelerate its hikes and the USD dollar to soar, creating a domino effect in emerging markets and forcing people worldwide to look towards alternative forms of currencies and payment systems not tied to central banks. The report adds: “If the banking system, as well as sovereigns such as Russia and China, move to accept Bitcoin as a partial alternative to the USD and the traditional banking and payment system, then we could see Bitcoin easily triple over the next year going from the current $700 level to +$2,100 as the Blockchain’s decentralized system, an inability to dilute the finite …

Bitcoin is Heading Towards a Four Figure Price, Analysts Say

Bitcoin is Heading Towards a Four Figure Price, Analysts Say

admin Bitcoin, CoinGreed, Crypto News, Cryptocurrencies, Cryptocurrency, Donald Trump, Prices 0 Comments

Over the past two weeks, the demand for Bitcoin has significantly increased due to global financial market instability, major economic changes and currency devaluation. Analysts state that once Bitcoin breaks the $790-800 region, it will quickly head towards a four figure price. The demonetization of 500 and 1,000 bank notes in India, the devaluation of the Chinese yuan, the crackdown on Chinese wealth management products (WMPs) and the election of Donald Trump, among many other factors, has led to the price of Bitcoin to escalate quite rapidly. On Oct. 22, Bitcoin was being traded at around $660 on average in most markets. By Nov. 20, the Bitcoin price almost reached $800, surpassing its previous peak of $775. Despite yesterday’s fall, which sent Bitcoin back to the $732 region, it has demonstrated nearly a $100 monthly increase since late October, outperforming all reserve currencies, most assets and altcoins. Breaking $800 Some analysts state that once Bitcoin breaks $800 with resistance, the digital currency will promptly head towards a four figure price. Specifically, if it is backed with significant economic and financial change that pressures high profile investors and traders to seek alternative safe haven assets, Bitcoin will most likely reach a …

The Trump Train Goes to Washington; Three Ways Trump Helps Bitcoin

admin Bitcoin News, Bitcoin Politics, Bitcoin Price, CoinGreed, Donald Trump, In the News, Political, Politics, Prices 0 Comments

As I went over in an Op-Ed on Sunday, Hillary Clinton could not be allowed to become President of the United States. Call me crazy, but the world does not need openly corrupt, lying, World War 3-threatening politicians controlling Washington. Donald Trump wanted to “drain the swamp” and he is a man who gets things done, starting at the head of state. He’s already done more in one night than President Obama has done in eight years. Thank you America, for joining me and the rest of the liberty movement on the right side of history. Ok, enough about me being so right all the time…..what does this mean for Bitcoin? I’m going to give you three fast ways Trump helps Bitcoin and provides Bitcoin a much better future than the corrupt alternative. Bitcoin price should go up even faster for the rest of the year Bitcoin has proven to be just like Donald John Trump, a winner, from jump street, and 2016 has been no different. Bitcoin was up by over 60 percent this year going into election night, and these results will only build upon that growth throughout the coming weeks and months ahead. Bitcoin has proven to …

Is This Man the Reason Behind the Bitcoin Price Surge?

admin Bitcoin 2.0, Bitcoin Bank, Bitcoin News, CoinGreed, Companies, Crypto News, Opinion, Prices 0 Comments

Bitcoin price analysts are struggling to identify the rationale behind the sudden price spike in the cryptocurrency’s value as it broke the US$400 mark on November 3, surpassing a market cap of more than US$6 billion. One thing for sure is that nobody can deny the effect China has had on the market in November 2013, the first time it surged past the US$500 mark. This time around, however, things might be a little different. According to research done by Finance Today’s Izabella Kaminska, this recent Bitcoin rally could be caused by a Pyramid Scheme named MMM, orchestrated by Sergei Mavrodi, a convicted Russian serial Ponzi scheme organizer. Mavrodi, whose latest Ponzi scheme targets Chinese investors, has never shied away from admitting that his enterprises are all Pyramid schemes, in fact, he promotes his new program as a PyraMMMid where investors are urged to post profit testimonials on YouTube to “increase their revenues.” According to the English version of the website, new members are required to purchase Bitcoin, which they then pump into the Pyramid Scheme’s “mutual aid” program, paying off the earlier adopters, with a promise of 30% return on their investments at the end of the month. The program …