Crypto Markets News 

Bitcoin tumbles below $4,000

“Get the latest Bitcoin price here” writes Frank Chaparro for businessinsider.com.au. These kind of drops are part and parcel with bitcoin, according to Dwyer. “For everyone who is new to bitcoin, this is where we say ‘welcome to crypto-trading,’” he added.Bitcoin has been on a tear following the August 1 fork that split the cryptocurrency in two.Bitcoin has tumbled below $US4,000, down 7% at 3,996 a coin, after a strong surge pushed the cryptocurrency’s price to almost $US4,500 on Monday.Goldman Sachs told clients in a recent note that the cryptocurrency…

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Crypto Markets News Stocks 

If bitcoin were a stock, here’s where it’d rank on the S&P 500

“If bitcoin was a stock (which it isn’t), it would be the seventy-fourth biggest by market capitalization, just behind Adobe and Netflix on the S&P 500” writes Arjun Kharpal for cnbc.com. Bitcoin hit another record high on Tuesday, with the continuing rally bringing its market capitalization within touching distance of major stocks like Netflix. Adobe has a market cap of $73.6 billion while Netflix is worth $73.8 billion, putting bitcoin within touching distance of both.This makes it the highest market capitalization yet.Bitcoin’s market capitalization — the total number of coins…

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Crypto News 

Money Management Firm Calls Bitcoin a ‘Fad’ then Files for Bitcoin ETF

“Over the weekend, the digital currency jumped to over $4,000 for the first time, quadrupling its value since the beginning of 2017” writes unknown author for cryptocoinsnews.com. Most notable was the Winklevoss twins bitcoin ETF, which was rejected by the SEC in early March.Money management firm VanEck has filed for a bitcoin ETF despite claiming that the digital currency was a ‘fad.’ Regardless of the recent user activated hard fork (UAHF), which saw the creation of bitcoin cash, bitcoin’s value has soared. Foster concluded by saying that while the blockchain…

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Crypto News Reviews 

Bitcoin News Digest Tuesday, August 15, 2017

New Goalposts Set For Bitcoin, $7,500 by Year End The recent surge in Bitcoin price has caused stock researcher Ronnie Moas to re-evaluate his initial prediction of $5,000 to $7,500   Here's What's Next for the Bitcoin Bubble Expect more rivals to make the scene and take market share from Bitcoin.   Bitcoin Surpassed $4,300 But 99.98% of World’s Capital is On The Sidelines – CoinJournal On August 14, the price of bitcoin surpassed the $4,300 mark, achieving yet another new all-time high. Amidst a strong week-long rally triggered by…

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Crypto Markets News 

Bitcoin Breaks past $70 Billion Market Cap

“Hitting this milestone will also mean Bitcoin will have a market cap of roughly $83 billion, which could lead to a $100 billion market cap” writes unknown author for cryptocoinsnews.com. This could be the result of a number of reasons: If we look at the charts below for the total global market capital for Bitcoin and total market capital (just altcoins excluding Bitcoin) you will see that the total market cap is on the rise, while the total market cap for cryptocurrencies has dropped in the past two days.Right now,…

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Crypto News 

Bahrain Bank First in MENA Region to Join R3 Blockchain Consortium

“Bank ABC, formerly known as the Arab Banking Corporation, has become the first financial institution in the MENA (Middle East and North Africa) region to join the R3 blockchain consortium” writes unknown author for cryptocoinsnews.com. Bank ABC, an international banking group headquartered in Bahrain is the latest financial institution to join the global banking-centric blockchain consortium led by New York-based startup R3.Elsewhere in the Middle East region, the National Bank of Abu Dhabi – the Emirate’s largest bank – launched cross-border payments powered by Ripple earlier in February this year….

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Crypto News 

Russian cryptocurrency legislation faces delays amid Bitcoin price fluctuation

“The latest news concerning the coming cryptocurrency legislation in Russia are in tune with the more sceptic stance on the matter” reports financefeeds.com. Ms Sidorenko concluded that there is a chance that the cryptocurrency legislation will be passed into a law in 2018, but added that the timing depends on market developments.In July this year, Russia’s Internet ombudsman Dmitry Marinichev also commented on the coming cryptocurrency legislation in Russia, saying that it will partially resemble that of Japan, and will also have elements of the New York DFS licensing system. Source: financefeeds.com…

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Crypto News 

Investors are taking a Bitcoin breather

“Elsewhere, Bitcoin Cash, the cryptocurrency that was split off from Bitcoin at the start of the month, is also retrenching” writes Oscar Williams-grut for businessinsider.com.au. LONDON — The price of bitcoin is dipping on Tuesday morning, after big gains over the last few days.Bitcoin Cash is down 1.32% against the dollar to $US299.45 at the time of writing.Ethereum, the other major cryptocurrency by market capitalisation, is sliding too. Source: businessinsider.com.au Share This:

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Crypto News 

GoldMint, the Present-Day Gold Standard Backed by Blockchain Technology

“The gold reserve managed by GoldMint is either in the form of actual gold or gold backed exchange traded funds” reports newsbtc.com. Its superior technology combined with the value backed by actual gold makes GoldMint an ideal investment platform.GoldMint, the gold backed digital asset helps cryptocurrency investors conserve the value of their crypto-assets by hedging them against it.The entire movement of gold through the Custody Bot system will be recorded permanently on the blockchain. Source: newsbtc.com Share This:

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Crypto News 

Investment firm VanEck calls bitcoin a ‘fad,’ then files for bitcoin ETF

“Bitcoin and other digital currencies are a fad that has attracted the attention of programmers, speculators, and early adaptors,” Foster said” writes Evelyn Cheng for cnbc.com. “At best, digital currencies may eventually occupy some middle ground as a niche product,” he said.Many digital currency enthusiasts have called bitcoin “digital gold” and predict that a small percentage of gold’s roughly $7.5 trillion market value will flow into bitcoin, sending the digital currency’s price many multiples higher.”It is my opinion that governments will not allow digital currencies to reach the critical mass…

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