Crypto Markets News 

Bitcoin soars to record high above $6,000

“It has also ordered the shutdown of digital currency exchanges” writes Min Read for reuters.com. Bitcoins and ether, another digital currency, are used to purchase tokens for ICOs.On Friday, bitcoin hit a record peak $6,000.10 BTC=BTSP on the BitStamp platform, and was last at $5,964.24, up 4.7 percent on the day.Bitcoin is a digital currency that can either be held as an investment, or used as a foundation for future applications through the blockchain, its underlying technology. Source: reuters.com Share This:

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Crypto Markets News Stocks 

A bigger blast off? What one strategist sees taking bitcoin ‘into the stratosphere’

“The digital currency bitcoin hit its latest in a series of records on Friday, as it extended an all-time high that has taken it up more than 500% this year alone” writes Markets Reporter for marketwatch.com. He didn’t define what price would qualify as being outside Earth’s atmosphere; bitcoin BTCUSD, +0.90%  hit a record above $6,000 on Friday.But what would it take for bitcoin to really rise?. But certainly many bitcoin enthusiasts already see it building on its massive gains. Source: marketwatch.com Share This:

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Crypto News 

Using Bitcoin to buy a sandwich could trigger a tax bill

“The total market value of the crypto currency market rose to over $177 billion in the third quarter of 2017” writes unknown author for cnbc.com. What is less obvious is that anyone who uses bitcoin to pay for a good or service also can have taxable gain or loss.Crypto currencies may have been around for less than a decade, but they are proliferating so quickly that our established tax and regulatory systems can’t keep up.The IRS considers crypto currencies to be a form of property, which means that every crypto…

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Crypto News Reviews 

Bitcoin News Digest Friday, October 20, 2017

Bitcoin Adoption: Evolution or Revolution? | AIER If widespread use of Bitcoin or another cryptocurrency is truly in our future, some series of events will have to disrupt the status quo. Broadly speaking, I see two possibilities, which I’ll call the revolutionary and evolutionary approaches.   ICOs, Airlines and Bitcoin ETFs Also hedge funds, blockchain diplomas, FIZZ and the Great Snake of Risk.   Bitcoin Price Nears $10,000 in Zimbabwe Due to a Lack of Cash in the Country According to TheNational.ae, bitcoin adoption in Zimbabwe is seemingly skyrocketing as…

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Crypto News 

Bitcoin is heading to $10,000, CNBC survey says

“The price of bitcoin could be heading to over $10,000, nearly half of respondents to a CNBC survey said” writes unknown author for cnbc.com. Former hedge fund manager Michael Novogratz told CNBC in a recent interview that he sees bitcoin heading to $10,000 in the next six to 10 months.During the week, CNBC ran an unscientific survey online asking: “Where does bitcoin go from here?”. One option that people could also vote for was: “Jamie Dimon is correct, you’ll pay the price for buying.”. JPMorgan Chase CEO Dimon has been…

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Crypto News 

Google, Overstock Among Biggest Blockchain Investors

“Among the corporate investors in blockchain startups, CB Insights found that SBI Holdings, the Japanese financial service firm, is among the most active” reports pymnts.com. Meanwhile, Google is in second place, investing in a bitcoin wallet startup and Ripple, which enables money transfers via blockchain technology.Plenty of industries and companies are eyeing blockchain – the technology that enables cryptocurrencies, such as bitcoin – but when it comes to corporate investors, SBI, Google, Overstock.com, Citi and Goldman Sachs are standing out from the pack.Corporations have invested $327 million in blockchain deals…

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Crypto News 

Here’s what the 39-year-old who’s waiting for a cryptoboom on a campsite after selling everything he owned for bitcoin tells people who think he’s crazy

“Currently, a bitcoin is worth more than 5,700 dollars and hundreds of other crypto coins have been created” writes Herwin Thole for businessinsider.com. Not long ago, Didi Taihuttu, 39, lived with his wife and three children in a beautiful house in Venlo, The Netherlands. Source: businessinsider.com Share This:

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Crypto News Reviews 

Bitcoin News Digest Thursday, October 19, 2017

Switzerland Awards First AML/KYC Licence To Bitcoin Company Swiss authorities have given the first Bitcoin business an operator licence in accordance with AML/KYC regulations.   Hard Times For Bitcoin Forks As Whalepool Traders Say No To SegWit2x SegWit2x opposers’ dedicated listings site NOB2X now includes Bitcoin trading group Whalepool.   Calvin Ayre Declares Bitcoin Cash “The Only Bitcoin” In a statement addressing the upcoming the bitcoin (BTC) fork that is scheduled for mid-November, Calvin Ayre has stated it’s belief that Bitcoin Cash [Bitcoin (BCC)] is “the only bitcoin.”   Bitcoin…

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Crypto News 

Bitcoin is not the new gold, Goldman Sachs says

“Cryptocurrencies like bitcoin are not the “new gold,” Goldman Sachs said in a note, advising investors that precious metals “remain a relevant asset class” in portfolios” writes Arjun Kharpal for cnbc.com. In a note to clients earlier this week, Goldman detailed the benefits of holding gold in a portfolio.Goldman concluded that bitcoin is not a good store of value versus gold. “Gold wins out over cryptocurrencies in a majority of the key characteristics of money,” Goldman said.Many commentators have dubbed bitcoin “digital gold” because of the fact it has a…

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Crypto News 

Bitcoin suffers its biggest plunge in a month as traders fear tighter regulations

“Bitcoin’s price fell by the most in a month on Wednesday after US regulators signaled the cryptocurrency might come under more scrutiny” writes Akin Oyedele for businessinsider.com. The volatile cryptocurrency has previously fallen on reports that China was closing local exchanges, though it quickly rebounded to nearly $6,000 a coin.Other large cryptocurrencies, including ether and bitcoin cash, were also sharply lower.ET, bitcoin was down by 8.5%, to $5,125 a coin. Source: businessinsider.com Share This:

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