Bitcoin Surpasses $4,000, Reaches Another Milestone
Bitcoin surpassed $4,000 today, reaching its latest milestone and setting yet another all-time high.
The cryptocurency, the world's largest by market capitalization, reached as much as $4,000.93 during the session, according to figures provided by CoinDesk's Bitcoin Price Index (BPI).
At the time of report, Bitcoin prices had fallen back somewhat, retreating to $3,912.18, additional BPI figures show.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Full story at http://bit.ly/2vy85Bf
Source: Forbes
24 hours ago the cryptocurrency was trading below $3,700. About an hour ago it surged passed $4,000 and has no signs of stopping. It’s now trading around $4,135.00. For reference, a week ago Bitcoin hit an all-time high as it passed $3,000 for the first time.
Check out the chart below to see what the price has done in the last 24 hours.
So the million dollar bitcoin question is…why now?
Without wasting too much of your Saturday night with detailed analysis, here are a few possible reasons you can tell your friends during brunch tomorrow.
Full story at http://tcrn.ch/2vyPhlI
Source: TechCrunch
Nvidia and AMD have very different views on cryptocurrencies (NVDA, AMD)
Cryptocurrencies are blisteringly hot right now. Bitcoin just crossed the $3,500 mark for the first time and is up 493.38% over the last year.
The meteoric rise of cryptocurrencies has been a boost to several chip makers. Nvidia and AMD are the two largest manufacturers producing graphics processing units that cryptocurrency users take advantage of to speed up the network.
GPUs from both AMD and Nvidia have been sold out in many places as demand for the cards has skyrocketed with the value of bitcoin.
Even though the currencies have provided a boost to both companies, the CEOs running Nvidia and AMD have very different views of how to approach the "miners" hungry for their technology.
Full story at http://read.bi/2vydeth
Source: Business Insider
Bitcoin is in 'striking distance' of $5,000 after big milestone
A software upgrade to make bitcoin's underpinning network faster has officially reached its lock-in threshold.
And that has the CEO of one bitcoin exchange bullish about the coin's future price.
The so-called Segregated Witness, or SegWit, is a solution to the years-long debate over how to improve the coin's scalability and make it faster to process more transactions.
As bitcoin has gained traction among consumers, its network, which was built to only handle a set number of transactions, has slowed.
Full story at http://read.bi/2vy87ZT
Source: Business Insider Nordic
Living on Bitcoin in 2017: How Practical Is It?
The vast majority of investors in Bitcoin consider it as a safe haven asset, long-term investment and digital gold. But, how practical is it to live on Bitcoin in 2017?
By nature, Bitcoin is a digital currency, described by its creator Satoshi Nakamoto as a digital cash system. Upon the clearance of the Bitcoin mempool, a holding area for unconfirmed transactions, Bitcoin transaction fees decreased to a range of $0.5 to $0.9, and with the activation of Segregated Witness through the BIP 91 activation mechanism, fees are expected to decrease to around $0.1.
The substantial decrease in Bitcoin transaction fees will allow Bitcoin to become more usable as a digital currency, to purchase goods and items both online and offline.
Full story at http://bit.ly/2uLiRWw
Source: CoinTelegraph
Cryptocurrency is Here - And It's Frightening
Most people who buy a house or a car, or buy things on Amazon, never think about “paying” with cryptocurrency. Most people have no idea how many cryptocurrencies there are (over 1,000), though a lot of people have heard something about Bitcoin.
Very few people realize that cryptocurrency is simultaneously a currency, an investment and a technology: you can buy a house with cryptocurrency, speculate with some of your retirement money in cryptocurrency (and eventually invest in cryptocurrency ETFs), and invest in cryptocurrency’s underlying technology (blockchain).
Not surprisingly, banks are smarter than politicians about cryptocurrency, and many individuals and start-ups are smarter than banks. The rise of cryptocurrency is roughly analogous to the rise of medical and recreational marijuana. How long will it take “official institutions” – banks, corporations and the government – to discover cryptocurrency opportunities – and threats? Their discovery journey is already well underway.
Full story at http://bit.ly/2vyovts
Source: Forbes
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