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Boom Time: Ethereum Price Surpasses $400 in All-Time High

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Boom Time: Ethereum Price Surpasses $400 in All-Time High      Ethereum price surged Monday to $407.10, a record high, largely on the growing investment in cryptocurrency driven in large measure by bitcoin. Monday’s record high marked more than a 5,000 percent gain this year for Ethereum, which was trading at under $8.00 in January.Posting close to a 14-point gain in the last 24 hours, Ethereum was closing in on bitcoin, which suffered nearly a 10-point drop in the last 24-hour period, according to coinmarketcap.com. By the end of the day Monday, Ethereum’s market cap was $36.447 billion, compared to $43.997 [...]

Billionaire Investor Sets Example Investing in Altcoin ICO

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Billionaire Investor Sets Example Investing in Altcoin ICO      A billionaire investor best known for buying roughly 30,000 Bitcoins as part of the first government auction of the digital currency in 2014, is setting precedent as he stands behind a crypto token to be launched by a new startup. Tim Draper told Reuters in an interview that his participation in the initial coin offering (ICO) of Tezos slated later this month will be his first. The new Blockchain platform launched by a husband-and-wife team with extensive Wall Street and hedge fund backgrounds will launch the ICO on May 22. Tezos [...]

BTCChina, Huobi, OKCoin Face Administrative Punishment in China

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BTCChina, Huobi, OKCoin Face Administrative Punishment in China      Flagship Chinese Bitcoin exchanges are set to face “administrative punishments” over flouting regulatory norms in the past. A report by local resource Caixin, summarized by cnLedger, states the People’s Bank of China (PBoC) will shortly issue the document to BTCChina, OKCoin and Huobi. Details of what the so-called Notice of Administrative Punishment will require remain “unknown” cnLedger says. The report added that the long-awaited hard-and-fast regulations governing cryptocurrency exchanges in China are due next month. “Official regulation details on bitcoin trading platforms and bitcoin AML standards still under work, may be [...]

Litecoin, Silver to Bitcoin’s Gold, Now Aims at $50 Goal

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Litecoin, Silver to Bitcoin’s Gold, Now Aims at $50 Goal      Now that the Litecoin price is hovering at around $30 - as the Lightning Network, expected to make transactions faster on the network, is set to kick off in about two days - is it time for the digital currency, dubbed as the silver to Bitcoin’s gold, to aim for the $50 goal? As it stands, its market cap has crossed the $1 bln mark to join the three other major networks - Bitcoin, Ethereum and Ripple - In the category. "This is a huge plus for the currency [...]

Bitcoin? Ethereum? Ripple? Three Reasons to Consider Investing in Cryptocurrency

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Bitcoin? Ethereum? Ripple? Three Reasons to Consider Investing in Cryptocurrency      Bitcoin is beginning to seem like a viable currency, especially since reaching the $2,000 mark. Major setbacks, such as the loss of $480 mln due to Mt. Gox’s neglectful management of Bitcoins, have caused the cryptocurrency to plummet in the past. Slowly but surely, the first-ever Blockchain currency has climbed back. Presently, Bitcoin is performing better than it ever has. Early in 2017, Bitcoin price hit historic highs, surpassing the value of gold. Nearly a decade after Bitcoin’s quiet release, dozens of copycat currencies have arisen. Utilizing Blockchain, a [...]

Bitcoin Leads Cryptocurrencies All-Time Highs Across Board, Scaling Remains Issue

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Bitcoin Leads Cryptocurrencies All-Time Highs Across Board, Scaling Remains Issue      Cryptocurrencies across the board have surged in the past 24 hours to see many reach new all-time highs. The unprecedented rise, which will like fuel speculation of bubble-like behavior, saw Bitcoin $2,400, Ethereum breaks $200 and Litecoin challenge previous highs. The top 10 cryptocurrencies all posted gains in the run-up to press time Wednesday according to data from Coinmarketcap. Further down the charts, other huge movers came out, including a 54 percent rise for Stratis and 68 percent for the Lisk Foundation’s LSK token. At the same time, it [...]

As Bitcoin, Altcoins Fall, Coinbase Bows Out Due to Technical Problems

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As Bitcoin, Altcoins Fall, Coinbase Bows Out Due to Technical Problems      Degraded performance by Coinbase Coinbase, the San-Francisco based digital asset exchange suffered an outage on May 25, 2017, and was still unavailable at the time of writing of this article. The popular digital exchange displayed a message of ‘Service Unavailable’ and informed users that the site was down for maintenance. Degraded performance by Coinbase Coinbase informed users on its status page that their website was suffering from a degraded performance. In a tweet, the company revealed, “Coinbase has experienced unprecedented traffic and trading volume this week. As a [...]

Billy Draper’s Investment Tips – Cryptocurrencies, ICOs, Bubbles: CT Exclusive

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Billy Draper’s Investment Tips - Cryptocurrencies, ICOs, Bubbles: CT Exclusive      The Draper family is well-known to the Bitcoin community. Tim Draper is one of the most active investors in the Bitcoin ecosystem: back in 2014, he bought 30,000 BTC as part of the government auction and up until now he is said to keep purchasing Bitcoin and to own Ether. Besides, he used his reserve of Bitcoin to fund the startups of Boost VC (with 300 BTC each), his son Adam Draper’s Virtual Reality, Blockchain and Bitcoin venture capital firm. However, Tim has recently announced his readiness to take [...]

Will Bitcoin ETF Ever Be Accepted by US Regulators?

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Will Bitcoin ETF Ever Be Accepted by US Regulators?      One of the biggest questions most Bitcoin enthusiasts would have about the cryptocurrency is whether or not Bitcoin exchange traded funds will be regulated by the US or other authorities abroad. While Bitcoin and other cryptocurrencies have already gained a lot of attraction from investors all over the world, many institutions such as government agencies, banks and other entities have yet to accept the digital currency. According to Ryan Radloff, head of investor relations at XBT Provider, it is really just a stalemate between banks and regulators, wherein banks will [...]

BitConduite: Visualizing and Analyzing Activity on the Bitcoin Network

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BitConduite: Visualizing and Analyzing Activity on the Bitcoin Network      BitConduite is a visual analytics tool built to explore the activity of Bitcoin users over long-term periods. Pseudonymous nature of transactions With its position as the first and largest cryptocurrency, Bitcoin is attracting a plethora of different players among which are investors, governments, economists and researchers from all around the world. Transactions in Bitcoin are stored in an immutable distributed ledger that is accessible to anyone. However, this open data can be challenging to make sense of given its pseudonymous nature. Indeed, while transaction details such as the amount, the [...]