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

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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 …

BitFury to Release Light Bulbs that Mine Bitcoin in 2015

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Following the revelation last week that BitFury had developed a prototype light bulb capable of mining bitcoin, the company has announced it plans to take steps to bring the devices to market in 2015. Though much about the market strategy remains in early stages, the news follows increasing reports that industry companies are attempting to find use cases for bitcoin in line with the broader trend toward connecting everyday devices to the Internet. BitFury said it intends to invite the community to become a part of its rollout plans, and that it would solicit ideas on how the light bulbs should be marketed to a wider audience as part of a collaborative release. In statements, CEO Valery Vavilov suggested that the goal of the project would be to galvanize interest in bitcoin as a technology, and that making any money on the initiative would be secondary to promoting discovery. Vavilov said: “We believe that the project’s focus should not be on making money from bitcoin mining, but on creating innovative solutions with main purpose to use this product for educational purposes and fun.” The light bulb garnered significant attention on Reddit last week when pictures of the devices first began appearing from attendees at …

Block Chain Summit Responds to Backlash Over Private Island Bash

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  Boasting an exotic location and the apparent blessing of billionaire Richard Branson, the Block Chain Summit has emerged as one of the most discussed events in the digital currency community in recent months. To be held from 25th to 28th May on Branson’s private Necker Island, little has been known about the conference apart from its available guest list, a factor that has led to speculation as to what the event would seek to achieve since it was first revealed by CoinDesk. In a new interview, however, Valery Vavilov, CEO of leading event sponsor BitFury and venture capitalist Bill Tai shed new light on the gathering, opening up about its planned schedule and responding to criticism that it is perpetuating negative industry stereotypes. Tai, who has previously invested in BitFury, sought to dismiss these criticisms, suggesting that the Block Chain Summit first and foremost will seek to attract attention to how decentralized ledger systems might positively impact the world. Positioning this as a contrast to past conferences, Tai told CoinDesk: “This is not a conference that’s about the pure technology and it’s not a gathering to try to disrupt governments and banks and mess with people’s currency systems. We …

Richard Branson to Host Bitcoin Summit on Private Island

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Billionaire entrepreneur Richard Branson is set to bring “the greatest minds in cryptocurrency” together to discuss bitcoin and the blockchain on his personal private island this May. Taking place on Necker Island in the British Virgin Islands from the 25th to 28th, Branson’s event will feature discussions moderated by Hernando De Soto, president of the Institute for Liberty and Democracy, Wall Street Journal senior columnist Michael J Casey and Matthew Bishop, US business editor for The Economist. Branson has been enthusiastic in his praise for the bitcoin, having previously invested in payment processor BitPay and accepted the digital currency for his space travel enterprise Virgin Galactic. The event’s welcome message frames the gathering in terms that emphasise the lasting impact of blockchain technologies, stating: “Come visit with Sir Richard Branson on his private island for a set of intimate discussions highlighting critical issues and solutions and to lay out the framework for a world where the humankind is fully benefiting from the amazing technology behind the blockchain.” Besides the Virgin Group founder, the event will be hosted by BitFury CEO Valery Vavilov and venture capitalists Bill Tai, Suzi Mai and George Kikvadze. In total, the event will include 30 luminaries from the bitcoin and larger …