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All Posts Term: bitcoin
6 post(s) found
Market NewsTechnology

A New Bitcoin Exchange From The Winklevoss Twins

Winklevosstwins

Winklevosses' bitcoin exchange gains approval from New York to roll out services

On Monday, the top regulator of financial services in New York announced that it will allow the Gemini Trust Company bitcoin exchange, established by Tyler and Cameron Winklevoss, to provide trading of Zcash - the privacy centered crypto currency. This makes it the only licensed exchange for Zcash in the world.

The Financial Services State Department said that it will also allow Gemini to provide Bitcoin Cash and Litecoin trading and custody services in the near future.

"With shrewd and comprehensive regulatory supervision, the long term expansion and development of the sector will thrive" Maria Vullo, the Financial Services Superintendent, said in an interview.

According to Gemini, Zcash deposits will start to be accepted on May 19, 2018, and trading will commence a few days later.

Market NewsTechnology

Invest In Bitcoin Today

bitcoin-2018

Crypto currency is currently in a slump. There is only one thing to do- buy Bitcoin. The rule is always buy low, and sell high. That means buy crypto currency when the prices are low and sell them when they are high. People call the current slump "the end of crypto currency" but it isn't true. Remember, buy low. This is a great opportunity to diversify with crypto and get it at a great price. Remember these two words- buy Bitcoin.

The crypto currency market is volatile but there is plenty of money to be made in the selling of it during highs. In order to make money while the prices are high, you must purchase while it is low. Buy Bitcoin. Buy Bitcoin. Buy Bitcoin.

Technology

Bitcoin Gaining Ground By Being Offered As Prize Money

Fanduel

There is some exciting news in the fantasy football tournament. FanDuel is giving bitcoins as prizes to the winners.

FanDuel announced The Bitcoin Bowl recently that will be happening during the NFL playoffs and they will be offering free bitcoins to the winners as prizes.

There will be two different contests- the first consists of a single free entry into the contest where the prize is 1 bitcoin, and the other will be a multi-entry contest that costs $3 to enter and has four different prize levels- The first level is one bitcoin, the second level is half a bitcoin, and the third and fourth levels are one fourth of a bitcoin.

The bitcoin value is not being considered in the contest and the winner will receive the bitcoin no matter its value in the marketplace.

Market NewsTechnology

The Volatile Price Of Bitcoin

love-bitcoin-tshirt-idea

The price of Bitcoin continues to grow, and it recently hit values over $16,000. The cryptocurrency's values nearly doubled over the last two weeks. Institutional war chests are probably doing most of the movement at this point, considering that the market cap now reached nearly $300 billion. This raises the stakes for traders to new heights.

Different exchanges have been citing different prices over that time period. While everyone had the price of Bitcoin pegged at around $8,000 just 14 days ago, the Coinbase GDAX exchange approached the $19,000 mark. Most other exchanges had the price of Bitcoin positioned at a much lower value. These drastic differences are making it difficult to predict market fluctuations with any degree of certainty.

Market NewsTechnology

Ethereum: The Future Of Credit?

Ethereum

Ethereum may represent the future of credit, according to the cryptocurrency's founder Vitalik Buterin.

Like most other cryptos, Ethereum is based on the blockchain, a system that allows the currency to be hack-proof while simultaneously allowing every coin to be traced back to its origin point. This provides a level of secure transparency that Buterin believes can revolutionize security and economics.

The biggest stumbling block at present is the speed at which crypto transactions are processed. Bitcoin, the most well known cryptocurrency, processes about three transactions per second, while Ethereum is a little faster at five. Uber provides 12 rides a second, suggesting that cryptocurrencies need to process transactions much faster for large-scale commercial applications.

Market NewsTechnology

Bitcoin Makes Impressive Gains

Bitcoin

The value of Bitcoin recently surpassed $2000.

The most famous cryptocurrency on the planet now has a per coin value of more than $2000. That is what several bitcoin exchanges are reporting, such as Kraken and Coinbase. This valuation indicates that the total bitcoin market cap (i.e. the total value of coins in use) is $32.92 billion.

This year, bitcoin has thrived - as this Coindesk chart reflects.

In 2013, bitcoin initially surpassed the $1000 valuation, however a range of variables - such as the problems experienced by Mount Gox (which was the leading exchange at the time) - meant that the currency dropped in value. Financial organizations tested blockchain and bitcoin based services during this period, and new Chinese regulations increased overall stability. This led to bitcoin returning to the $1000 mark by the end of 2016. Ever since, its' value has constantly grown throughout 2017.

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