Another All Time High – Bitcoin Breaks Through 5,000 USD on Asian Exchanges

The price of bitcoin reached the milestone value of US$5,000 per BTC on Friday night, September 1, briefly touching tops between $5,013 and $5,149 on Asian exchanges. Bitcoin has had an outstanding run in 2017, climbing over 700% over the past eight months.   Magical Internet Money Hits $5k The decentralized currency Bitcoin has rallied hard this year, climbing from $1,000 per BTC on January 1st to $5,000 per BTC on the first of September. The digital asset had a substantial market capitalization of approx. $82.6B with only 16.5 million bitcoins currently in circulation. Further, bitcoin trade volume has been quite significant as the currency is trading over $2.6B every 24-hour period over the past week. All of this adds up to positioning bitcoin as the top performing currency in the whole world. So far in 2017 bitcoin has outperformed all government issued tender and a vast majority of stocks and commodities — Everyone’s favorite magical internet money beat them all. Mainstream Attention and Exceeding Expectations BTC captures US$5019 on a… View All ….“Another All Time High – Bitcoin Breaks Through 5,000 USD on Asian Exchanges”

Fork Wars: Segwit Lock-In and Communication Breakdown

Segregated Witness has officially locked-in and bitcoin’s price is currently coasting along at $3430. Even though Bitcoin market prices have rallied to new all time highs after the August 1 hard fork, both Bitcoin and the newly formed network, Bitcoin Cash still have some uncertain futures ahead.   Bitcoin Cash Pushes Forward as Network Strengthens The hard fork happened, and the Bitcoin network split into two different blockchains that share a previous history. The Bitcoin Cash (BCH) network has survived an entire week, with five mining pools dedicating hashpower towards this alternative chain. Currently, the Bitcoin blockchain is still 899 blocks ahead of the new BCH chain, and it’s also 54 percent more profitable to mine BTC than BCH. However, this will change on August 8 as Bitcoin’s difficulty is going to increase approx. 7 percent while the BCH chain has been lowered to 17 percent of BTC’s current difficulty. At the moment there have been 240 BCH blocks mined since the blockchain split and an ‘unknown miner’ has processed more than… View All ….“Fork Wars: Segwit Lock-In and Communication Breakdown”

Czech National Bank: “Don’t Be Afraid of Bitcoin”

The Czech National Bank has distributed an announcement tending to bitcoin and cryptographic money on its site. The archive tends to the fame of bitcoin in Prague and the Czech Republic, talks about whether digital money represents a risk to the customary keeping money framework, and contends that fiat monetary forms include preferred monetary forms over bitcoin because of value soundness. The Czech National Bank States That There “Is No Reason for Banks to Fear” Bitcoin Czech National Bank: “Don’t Be Afraid of Bitcoin” The Czech National Bank’s announcement with respect to digital currency is titled “Don’t fear bitcoin”, and looks to address famous attestations in regards to the potential dangers that bitcoin and cryptographic money may posture to existing fiscal frameworks. The record begins by expressing that “Prague is home to a solid group of digital currency supporters and clients.” The announcement at that point quickly swings to “questions seeing whether foundations, for example, the Czech National Bank ought to fear bitcoin… . What’s more, of their influence to… View All ….“Czech National Bank: “Don’t Be Afraid of Bitcoin””

Japanese Exchanges grasping Bitcoin Cash Post-Fork

As Bitcoin Cash (BCC, BCH) pieces are being mined, all significant Japanese trades are outfitting to acknowledge their clients for the new digital money. A developing number of trades have effectively set a date to begin exchanging Bitcoin Cash, while others are still in the arranging stage. Fork Watch: Japanese Exchanges Embracing Bitcoin Cash Post-ForkFollowing the August 1 hard fork, all significant Japanese bitcoin trades declared that they will soon acknowledge their clients for Bitcoin Cash, the new cryptographic money made as Bitcoin’s blockchain wandered into two separate blockchains today. For each bitcoin held by clients at the season of the fork, a similar number of BCC will be credited to their records. In the interim, every one of them have suspended bitcoin stores and withdrawals amid the fork, and some are get ready to list BCC for exchanging the following couple of days. The following is a gathering of all significant Japanese trades that have refreshed their plans for Bitcoin Cash in the wake of the hard fork at… View All ….“Japanese Exchanges grasping Bitcoin Cash Post-Fork”