Explosive Price Surge: $100 Bitcoin Bought in 2010 Now Worth $75 Mln

Explosive Price Surge: $100 Bitcoin Bought in 2010 Now Worth $75 Mln

admin 2017, Bitcoin Awareness, Bitcoin Market Capitalization, Bitcoin News, Bitcoin Predictions for 2017, Bitcoin Price, Bitcoin Price Index, Bitcoin Trading Platforms, CoinGreed, Data Analysis, Exchanges, In the News, Investments, Trending News 0 Comments

Earlier this week, CNBC, one of the few mainstream media outlets that have been offering extensive coverage on Bitcoin over the past few months, revealed that $100 worth of Bitcoin purchased in 2010 is now worth $75 mln. In a relatively short span of seven years, Bitcoin price surged from around $0.003 to a staggering $2,389. That is a 796,000x return as an investment. In fact, today, on May 24, Bitcoin price hit a new all-time high at $2,392 and is continuously demonstrating a rising demand from both casual and institutional investors. Bitcoin price hits new all-time high again for the second time this week at $2,392. Important to note, China made a strong comeback. pic.twitter.com/S8mceNDTqM — Joseph Young (@iamjosephyoung) May 24, 2017 The majority of mainstream media analysts suggest that Bitcoin price is completely speculative in the sense that investors are purchasing Bitcoin solely expecting a massive return in value. However, as Coingreed previously reported, prominent investors including GoldSilver.com founder Mike Maloney are encouraging investors to hold Bitcoin as a mandatory asset to hedge against inevitable global economic uncertainty and financial instability, not just as a large return investment. Bitcoin as digital currency and digital cash On the contrary, …

Bitcoin Price New All-Time High at $1,442, Bitfury Executive Predicts $5,000

Bitcoin Price New All-Time High at $1,442, Bitfury Executive Predicts $5,000

admin Bitcoin News, Bitcoin Price, Block Chain Hype, Crypto News 0 Comments

Bitcoin price achieved its new all-time high yet again earlier this morning at $1,442. The average trading value of Bitcoin was similar throughout the Japanese and US Bitcoin exchange markets, at $1,430. “The SEC is concerned about how most of the markets [for Bitcoin] has traded outside of the US with no regulatory oversight. As of this point, I don’t think the SEC would approve the ETF. What would change my mind is if the ETF or SEC only traded Bitcoin on regulated exchanges,” said Kelly. Since then, Bitcoin price increased by another five percent. Although Bitcoin price has declined slightly upon reaching its new all-time high, over the past 24 hours, Bitcoin price demonstrated a 7.3 percent increase and it is currently averaged at $1,437. Many analysts including Bitfury Group executive vice chairman George Kikvadze, attributed the recent surge in Bitcoin price to the explosive growth of the Japanese Bitcoin exchange market and the activation of SegWit on Litecoin. Kikvadze writes: Japan; new btc apps and inst. investors driving price twrds $1500; if we activate well-tested; no risk scaling #segwit – easily at $5000 — George Kikvadze (@BitfuryGeorge) May 1, 2017 The Japanese government’s legalization of Bitcoin and the elimination …

Bitsquare on LocalBitcoins’ Trail in Global Weekly Transaction Volumes

Bitsquare on LocalBitcoins’ Trail in Global Weekly Transaction Volumes

admin Bitsquare’s, Blockchain, Exchanges, P2P Lending, Peer-to-Peer 0 Comments

Global weekly transaction volume on Bitsquare’s decentralized platform is gradually picking up, as the latest figures from Coin.Dance show. However, there is still a long way to go when compared to Bitcoin’s largest online trading marketplace, LocalBitcoins. LocalBitcoins is an open-source desktop application that allows the trading of Bitcoins for national or alternative cryptocurrencies, which recently hit a global average of $32,000 weekly volume in the week of Dec. 10. The weekly volume in Europe has the record for the highest amount of transactions – about €40,000. This did not come as a surprise to the platform, according to a statement made to Cointelegraph, because people are uncovering the potential of its app and they want to support it as an open-source project with huge potential. OpenBazaar and BitMarkets mirror Bitsquare’s principles, however, BitSquare maintains that no other project fits its definition of a decentralized Bitcoin exchange. Decentralized Bitcoin exchanges Regarding what has changed or is changing in the user’s perspective that is drawing their interest to the platform, Bitsquare’s Ken Shishido says: “We are seeing more hacks on centralized exchanges and regulatory environments in some parts of the world are forcing exchanges to turn some of their customers away. …

LocalBitcoins Volumes In New Global USD All-Time High, “Busiest Week Ever”

admin Bitcoin Bank, Bitcoin Entrepreneur, Bitcoin Services, Bitcoin Trading Platforms, Buying Services For BItcoin, CoinGreed, Exchanges 0 Comments

In the wake of inching closer to its 2016 peak, CoinDance indicates that the worldwide weekly volume of popular P2P Bitcoin marketplace, LocalBitcoins, reached a new all-time high on record USD volumes last week with five countries – USA, Malaysia, Brazil, Venezuela, and Sweden – recording all-time highs within the same period. LocalBitcoins CEO Nikolaus Kangas says: “It was certainly one of the busiest weeks on our platform ever.” The highest price of the top digital currency this year stands at $763.33 in June. Last week, the price reached $720.29, the closest to the peak rate for the year so far. As may be expected of the five countries, Venezuela recorded the highest leap due to the worsening economic situation in the country which may have compelled the people to seek an alternative means to earn, send and receive money for their use outside the use of traditional banking institutions. Users follow price rise Though Nikolaus Kangas did not confirm the claim as a “100 percent technical fact,” the illustration shows the volume on the platform that facilitates over-the-counter trading of local currency for Bitcoin reached $15.9 mln as on Oct. 29, 2016. “I cannot say that it is 100 …

COIN.MX BITCOIN EXCHANGE OPERATORS ARRESTED

admin Bitcoin Law, Bitcoin News, Bitcoin Regulations, Cyber Crime & Cyber Terrorism, Ransomware, ScamCoins / Fraudsters, US Securities and Exchange Commission (SEC) 0 Comments

Two Florida men are facing some serious felony charges that intersect both Bitcoin and the money transfer business. According to federal authorities, Anthony R. Murgio and Yuri Lebedev never bothered to get a Money Services Business license for Coin.mx, a Bitcoin exchange. The FBI’s statement on the matter calls Coin.mx / Collectables Club a “phony front business” and mentions that the men also utilized a federal credit union that they bought solely for the purpose of washing dirty money. In doing so, they knowingly exchanged cash for people whom they believed may be engaging in criminal activity. MURGIO and his co-conspirators have also knowingly exchanged cash for Bitcoins for victims of “ransomware” attacks, that is, cyberattacks in which criminals (here, distributors of the ransomware known as “Cryptowall”) electronically block access to a victim’s computer system until a sum of “ransom” money, typically in Bitcoins, is paid to them. In doing so, MURGIO, and his co-conspirators knowingly enabled the criminals responsible for those attacks to receive the proceeds of their crimes, yet, in violation of federal anti-money laundering laws, MURGIO never filed any suspicious activity reports regarding any of the transactions. It goes on to allege that they willfully hid their …

Bleutrade Exchange – Review & Tutorial

admin Altcoins, Bitcoin, Bitcoin 2.0, Bitcoin News, Bitcoin Trading Platforms, Blockchain, Exchanges, Market Terminology 0 Comments

We’ve been trading cryptocurrency (alt coins such as Bitcoin, etc.) at Bleutrade for a few months now and figured it was time for a review of our experience(s).  We’ve also provided some tutorials on how to get started.   BLEUTRADE.COM REVIEW We first heard about Bleutrade earlier in 2014, but hadn’t gotten around to making an account and transferring in some cryptocurrency until May or June. We decided to check them out and start trading because their trading interface is quite a bit different than any other exchange out there.  (if you’re not quite sure what all of this “cryptocurrencies” stuff is all about – check out this good article over on Wikipedia) HOW IS BLEUTRADE DIFFERENT? This is not to say that the actual trading process is different – it’s not, but the fact that there are so many different “trading pairs” is what really got our attention. Many exchanges only allow for trading your favorite cryptocurrency for Bitcoin, and to a lesser extent the other exchanges will allow you to trade in Litecoin too, but only in limited markets.  Bittrex has recently opened some trading pairs with Blackcoin, but not many. HOW MANY TRADING PAIRS? Bleutrade on the …