On Friday, October 20th, Bitcoin hit a new all-time high level of $6,000. In the afternoon, the price of bitcoin started climbing and broke the $6,000 "threshold", climbing to around $6,144 (Coinbase). Although, the price today is decreasing slowly, coming at $5, 959 (Coinbase), the market capitalization of the "people's currency" is now around $100…
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MasterCard is one of the corporations that is big on digitalization and innovation. Currently, with around 90 of the biggest corporate giants in the world, like Google and Goldman Sachs, who are heavily investing in blockchain, MasterCard is to roll out blockchain API. According to Finextra, MasterCard has already filed for 35 blockchain patents and…
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After the fluctuations in the price of bitcoin over the past month, the cryptocurrency took another hit yesterday, when it dropped with a 7-day low level of $5,113, according to Coindesk and Bitfinex. The "people's currency" managed to bounce back and is now trading at around $5,669 reaching up to $5,725, with an increase of…
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With corporations and countries coming to invest and use the latest cryptocurrencies and exploit their benefits, The Gates Foundation is one of the first non-profit organizations to use a cryptocurrency for solving an issue. The Foundation chose Ripple's Inter Ledger Protocol to bring around 2 billion unbanked people to the modern world. Almost 60% of the…
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After jumping up with 700% in the last year, with little fluctuations here and there, bitcoin turns out to be the hottest investment for a portfolio over the past two years. Now, as the technology behind bitcoin, blockchain, finds application in a series of industries, it is no wonder that some of the biggest and…
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Ether Tracker One and Ether Tracker Euro just crossed $10MM in assets under management (AUM) a week after beginning trading on Nasdaq Stockholm. “When the group’s bitcoin ETNs – which are now at $330MM in AUM - launched in 2015, it took one year to attract the initial $10MM in AUM. The Ether Trackers achieved…
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ETH News reported that on October 16th, the President of Brazil's Central Bank, Ilan Goldfajn, berated bitcoin as a "bubble" and a "pyramid". Brazil seems to be the next country to enter the "bitcoin conspiracy" theory that the digital currency may be a fraud and illegal method of accumulating value over time. While the technology behind…
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One of the most renowned professors of economics, Robert Shiller, has recently called bitcoin "a fad" in an interview for CNBC. The author of "Irrational Exuberance" shared his opinion that people should be wary of bitcoin's popularity. He said: "It seems there is some strange enthusiasm for it", referring to the massive growth and excitement…
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Bitcoin has become a global phenomenon, presenting opportunities and threats along the way all around the world. Regulators, CEOs, central banks and cryptocurrency startups are on the lookout for the next big news on bitcoin. Australia is the next "player" to impose bitcoin regulation, following a scandal with its biggest bank - Commonwealth Bank of…
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After much criticism from Jamie Dimon and China banning domestic exchanges from trading cryptocurrencies, Bitcoin hit all-time highs when it surged to $5,386.23, as reported by Forbes and Coindesk. After going down with almost 40% to $3,000 in August, the "people's currency" is back with a vengeance. The new highs in Bitcoin price represent around…
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