Tag: exchange

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Litecoin Has Outperformed Bitcoin in 2017, 8,000% Increase in Price No Comments

Litecoin has outperformed bitcoin in 2017, demonstrating a staggering 8,000 percent increase in price. While it still remains as the fifth largest cryptocurrency behind Bitcoin Cash and Ripple, it has solidified itself as a leading digital currency. Since January 1, the price of Litecoin has surged from $3.63 to $302, as its market cap increased from below $177 million to $16.4 billion. The...


South Korea is Going Crazy Over Bitcoin: Real Mainstream Obsession No Comments

Teenagers to middle-aged investors in South Korea are engaging in cryptocurrency trading, investing in bitcoin, Ethereum, Bitcoin Cash, and a wide array of cryptocurrencies and assets. Government Steps In To Regulate Bitcoin In the beginning of 2017, the South Korean government, local financial authorities, and the ministry of strategy and finance remained neutral to bitcoin and declined to regu...


Bitcoin Gold Price Technical Analysis BTG USD

Investors are Selling Gold to Invest in Bitcoin, Key to Multi Trillion Dollar Market Cap No Comments

According to ACG Analytics US macro strategy head Larry McDonald, investors have begun to sell gold to invest in bitcoin through the newly launched bitcoin futures exchange of the Chicago Board Options Exchange (CBOE). Bitcoin is Penetrating into the Gold Market Since September, the value of gold miners ETF (GDX), the largest gold exchange-traded fund (ETF) in the market, has fallen by nearly 15...


Chicago Exchange crashed by Bitcoin No Comments

The long awaited launch of Chicago Board Options Exchange Bitcoin futures contracts went off with a bang yesterday as the website was knocked offline by a surge in traffic. The first contracts were offered at 18.00 EST on Sunday and an unprecedented demand overwhelmed the exchange. CBOE Tweeted a status update which said “Due to heavy traffic on our website, visitors to cboe.com may find tha...


Wall Street Bank Oppose Bitcoin Futures, But Goldman Sachs is Ready No Comments

Earlier this week, some of the global finance market’s largest banks including Goldman Sachs, Morgan Stanley, JPMorgan, and Citigroup opposed the launch of bitcoin futures, claiming a lack of transparency and regulation. The open letter submitted by the Futures Industry Association (FIA) representing the abovementioned banks read: “While we greatly appreciate the CFTC’s efforts to receiv...


More Users of Square Will be Able to Purchase, Sell, and Store Bitcoin No Comments

Square, one of the most widely utilized financial applications globally founded by Twitter founder and CEO Jack Dorsey, has started to expand its pilot integration of bitcoin across its user base. According to the official announcement made by the Square Cash App team, the company’s bitcoin brokerage services will be provided to more of the Square Cash App’s most active customers. In the up...


Legendary Trader Expects Bitcoin Price to Hit $14,000 in 2018, Analysts Argue it Will be Faster No Comments

Peter Brandt, a highly respected and experienced trader, believes the bitcoin price could surge up to $14,000 in 2018. However, the majority of analysts in the cryptocurrency space see the price of bitcoin surging beyond $40,000. Bitcoin Heading Towards $18,000 Over the past month, the price of bitcoin has increased from around $7,000 to $12,500, by nearly two-fold. The market valuation has surp...


Bitcoin Cash Price Technical Analysis BCH USD

Bitcoin May be Significantly Undervalued, as 3.79 Million of Supply is Not Spendable No Comments

3.79 million bitcoin is estimated to be lost permanently on the public blockchain. Given that nearly 20% of its supply is unspendable, bitcoin is currently undervalued. At the time of reporting, the market valuation of bitcoin is at around $196 billion. The price of bitcoin is calculated by dividing the market cap with its circulating supply of 16.72 million. But, according to a study condu...


JPMorgan Changes Stance: Bitcoin Could Become the New Gold No Comments

Less than a month since CEO Jamie Dimon inaccurately described bitcoin as a “fraud,” JPMorgan has changed its stance on the cryptocurrency. Throughout the past month, analysts and investors in both the cryptocurrency and traditional finance markets have criticized Dimon and JPMorgan for their baseless condemnation on bitcoin. Almost immediately after the company’s CEO called bitcoin a fra...


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Bitcoin Price Achieves New All-Time High at $8,100, Market Confident in Institutional Investors No Comments

The bitcoin price has officially achieved a new all-time high price at $8,100, surpassing its previous high at $8,050 established earlier this week. $10 Billion Awaiting to be Invested in Bitcoin Analysts have attributed the recent surge in the price of bitcoin to the global bitcoin market’s optimism towards the launch of bitcoin futures by CME and CBOE, two of the largest options exchange...


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