Bitcoin Rise Due to Global Currency Crises, Accessibility: Analysis
It’s been quite apparent over the last few months that Venezuelans are turning to cryptocurrency at an exponential rate as a safe haven for their wealth and investments in their crisis-stricken economy.
As the value of the Bolivar collapses, the country’s citizens are turning in droves to Bitcoin and other cryptocurrencies as hedges against currency collapse.
New data from investing.com suggests, however, that it’s not just Venezuelan citizens that are turning to cryptocurrencies as fiat currencies collapse.
The investment portal researched the top ten countries accessing cryptocurrency across its platform and noticed an interesting trend.
Full story at http://bit.ly/2wXWjRe
Source: CoinTelegraph
$700 and Rising: What's Driving the Price of Bitcoin Cash?
Bitcoin cash surged above $700 today, passing a notable milestone amidst a two-day rally during which the price of the cryptocurrency more than doubled.
Heading into weekend trading sessions, bitcoin cash has emerged as the third-largest cryptocurrency by network value, behind bitcoin and ethereum. And while it might still be too early to compare bitcoin cash to these more established networks (there remain unanswered questions about its particular economics), traders are proving it might have staying power.
Overall, the development is the latest in a narrative that began when bitcoin cash split off from the main bitcoin blockchain earlier this month because a group of miners and developers moved to adopt software with new network rules that were incompatible with bitcoin.
The result: bitcoin "forked" into two distinct blockchains, each with their own freely-traded digital assets. But while bitcoin surged past $4,000 to set new all-time highs, bitcoin cash stayed largely stagnant this week – trading in the $300 range. Yet, at press time, bitcoin cash was trading around $750 per coin.
Full story at http://bit.ly/2wblthv
Source: CoinDesk
Italian Authority Fines Onecoin Promoters 2.6 Million Euros
Onecoin promoters have been fined 2.6 million euros in Italy after the country’s antitrust authority found them engaging in a pyramid scheme and misleading promotions. The fines follow the authority’s previous suspensions of Onecoin activities, which have failed to stop its promotion in the country.
The Italian Competition Authority known as L’Autorità Garante della Concorrenza e del Mercato (AGCM) in Italian has fined several Onecoin promoters a total of €2,595,000 for running pyramid sales and for using misleading promotional methods. The Competition Authority is a quasi-autonomous, non-governmental organization financed by the Ministry of Economic Development. It is in charge of enforcing both Italian and European consumer protection laws. They wrote:
After the investigations, the Authority imposes sanctions against One Life Network Ltd (€ 2.000.000), One Network Services Ltd (€ 500.000), Easy Life Srl (€ 80.000), as well as the registrants of websites Onecoinsuedtirol.it, Onecoinitaliaofficial.it, Onecoinitalia.com (€ 5.000 each).
Full story at http://bit.ly/2wbtVgG
Source: Bitcoin News
You Can Now Hold Ether In Blockchain, One Of The World's Most Popular Cryptocurrency Wallets
With the price of Ethereum's token, ether, up almost 4,000% for the year, Blockchain.info, one of the oldest and most popular user-controlled bitcoin wallets, Thursday adds it as a second currency to the service.
The move gives the 16 million Blockchain wallets access to the second-highest market cap coin, which is used to power smart contracts on the Ethereum platform.
Additionally, the wallet, available in 140 countries, now integrates the crypto-to-crypto exchange Shapeshift so users can easily trade from bitcoin to ether and vice versa.
"The reason we decided to add Ethereum is we really feel like Ethereum as a community, ecosystem and technology has really matured," said Peter Smith, Blockchain's chief executive, of the two-year-old cryptocurrency.
Full story at http://bit.ly/2wblPVF
Source: Forbes
Not Bubble - Bitcoin Growing Up, Heading to $10,000: Dave Chapman
No one knows if the recent rally is the last pump before the bubble pops, or indeed if it is the tipping point. But, Octogon Strategy Dave Chapman is seeing a new breed of investors flowing towards cryptocurrency that makes him believe Bitcoin is growing up.
Chapman’s company, which specializes in commodity investment, especially digital currencies, is seeing a new flow of institutionalized money opening accounts with Octagon. These new account holders are the type of people that make it look like Bitcoin is growing up, not preparing to pop.
The talk and debate around Bitcoin, especially at big rallies, is whether the digital currency is preparing to pop on the same level as Tulip Mania, the dotcom bubble and other such market crashes.
Chapman admits that the market is a heated one, but it is also a very different one.
Full story at http://bit.ly/2wXz4Xx
Source: CoinTelegraph
Coinbase CEO Joins Vitalik Buterin in Fortune's 40 Under 40 List
As cryptocurrencies continue to attract mainstream and traditional investors, the digital currencies are also breaking into famous listings know to award young up and coming moguls.
Coinbase’s CEO Brian Armstrong is the newest cryptocurrencies player to join Fortune’s 40 under 40 list.
Armstrong is in some good company as he finds himself next to Ethereum creator, 23-year old Vitalik Buterin. The young Russian debuted on the list last year already.
The recognition for excellence in the digital currency sphere has seen Armstrong, 34, placed on the list at 10th, sharing that spot with Buterin.
Full story at http://bit.ly/2wXOc7j
Source: CoinTelegraph
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Good one! Collecting various news into one post is very commendable... I had just the same idea. Good to see it already implemented.
I am now following your account. Expecting more interesting news from you. Well done!
please accept this gift
Thanks.
@abasinkanga
Funny, I was just saying the same thing about collecting various pieces 0f news f0r 0ne p0st ;) I did this however a couple times but only with two@most.
You can still do this type of post. Just niche down and do a good job of it. I look for good summary posts on any topic and there are few. A lot of them are just long links with no info about why you should read. If you look @penguinpablo - you will see he does this well.
I do these for several topics and will be adding more as well.
Good! I will look out for them. You have a knack for it and few do :)
It's semi-automated. I have an Excel spreedsheet where I record the information for each article and then I have macro that generates the Steemit code. It also generates standard asciii so articles can be posted on my blog http://SydesJokes.com :)
I do this for friends as well.
Just lazy. I don't like doing repetitive tasks so always look to automate so a little work at the start saves a lot of work in the future :)
Dang! Your technical skills are in a whole other class than mine lol. I'm like a hamster in a wheel trying to keep up!
the crypto world is the best world ☺ followed ☺
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Sent you coins.
Upvote ...follow @lurehound
hello brother nice post i vote you
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STOPResteemd
Great feed ;)
I see bitcoin going to $10-$15,000 next year(2018;)
This post received a 5% upvote from @lykencrypto thank you @sydesjokes! 1sbd or 1 steem = 💯% upvote from @lykencrypto
Great news . I guess we will see only cryptocurrency and no fiat currency.
Just upvote you now
I came to you from my wallet and I am so grateful! Thank you very much. Glad to be following you from Bangkok.
I upvoted, resteemed and tweeted. I will set you up to tweet for a few days and I hope this action gets your post some good attention.
If you are on twitter, please join me. I have 50 steemers on my twitlist now and the posts are doing really well over there at attracting rts.
So I just skimmed this post because I know less than zero about crypto. I can tell it is good by your commenters and by how you have it set up, but the details are just beyond me right now. Money is not my favorite topic and learning a new one is ergh.
Someone just explained to me how I should get $10 out of this system now so that I am set up properly in case I ever do want/need to take the sbd. The instructions of how to set up all the various crypto {whatever they are} is one mile long and not interesting or understandable to me. But I appreciate that I have to learn and now you might get some of my questions when I can even figure out what they are.
Thank you again for the boost today. I really needed it.
Thank you. My Twitter is https://twitter.com/SydesJokes
OK - gotcha! I was already following you under my business and tech list and now you are on the steemit list. Think of twitter for your first media on here so you are easier to tweet. 850X478 works well for steemit, twitter, and you tube.
Please be sure to check out the feed of the steemers at this link every so often and see if you can find anything to rt. You are #55!
https://twitter.com/FitinfunSharon/lists/steemit-friends
Thank you again and looking forward to more :)
Followed all on the list on Twitter and those that had Steemit url on their profiles followed on Steemit as well :)
Oh my goodness! I've been forgetting that last step! Thanks for connecting and the tip. I will do that too next time I go in. Sheesh!
I changed my Twitter profile link to my Steemit profile :)
I am most definitely making that change too. Mine currently goes to my books that don't sell lol.
You kicked me into gear. I'm writing a post about this and you will star in it for your good ideas today. Or write one yourself about the whole idea. I'm whipped now and going to sleep.
Check out the list feed and see what you think of it. I think it's great but needs improvement. I also look at #steemit over there to find "others." Almost 60 now! I'm so stoked!
Thank you so much for all the upvoting I just noticed. I really appreciate that.
This morning!!!
I will check the Steemit list :)
I am now following your account. Expecting more interesting news from you. Well done!
Sydesjokes, great post with excellent update information on the crypto currencies. Followed upvoted and resteemed
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STOPWhat a complete report man, thanks for sharing it!!! Upvoted and resteemed!!!
Thanks for the upvote man! Looking forward to reading more on your channel :)
Congratulations !!!
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Nice