Crypto News 

Bitcoin is back above $4,000

“Bitcoin is back above $4,000 a coin on Wednesday, as the digital currency pars back losses” writes Oscar Williams-grut for businessinsider.com. Elsewhere in the crypto space, Bitcoin Cash, a new digital currency spun off from the Bitcoin network at the start of the month, is down 3.6% against the dollar to $293.00.Bitcoin fell below $4,000 late on Tuesday after a sensational rally on Sunday and Monday that saw the cryptocurrency break the $4,000 and $4,500 mark for the first time. Ethereum, the second biggest cryptocurrency by market cap after Bitcoin, is…

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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 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 Markets News 

The Real Flippening? Bitcoin Tops PayPal’s Market Cap

“On Monday, bitcoin once again claimed a dominant market status, meaning bitcoin accounts for more than half of the total crypto market cap” writes unknown author for cryptocoinsnews.com. Monday’s trading raised the bitcoin market cap to a staggering $70.6 billion.According to Yahoo Finance, this makes bitcoin $400 million more valuable than PayPal, whose market cap is $70.2 billion.The bitcoin price broke $4,000 for the first time over the weekend, and it continued its record-setting run on Monday.NEO briefly rose to 5th in total market cap, but it has since settled…

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Crypto News 

Bitcoin Price Flies To More Than $4,100 Over Weekend

“Two weeks ago, Bitcoin split its digital currency into bitcoin and Bitcoin Cash” reports pymnts.com. This recent bitcoin price surge comes on an all-time high of $3,000 set a week ago.Because of those confidence-boosting moves, TechCrunch speculated it drove the bitcoin price up over the weekend.Bitcoin investors were in for a wild ride over the weekend, with the cryptocurrency trading below $3,700 and then an hour later trading around $4,135.Often the bulls are pounding the table about the impending increase in the price of bitcoin, which is also aiding in…

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Crypto Markets News 

Bitcoin has broken $4,000

“Elsewhere in the cryptocurrency space, Bitcoin Cash, the new cryptocurrency that was split off from bitcoin at the start of the month, is also rallying strongly” writes Oscar Williams-grut for businessinsider.my. The price of bitcoin broke through $4,000 per coin for the first time on Sunday and is posting new records on Monday.Bitcoin crossed the $4,000 mark at close to 1.00 a.m. on Sunday.Bitcoin Cash is up 2.88% to $307. The digital currency is up 6.68% to $317.49 on Monday morning. Source: businessinsider.my Share This:

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Crypto News 

Goldman Sachs Warns Investors Not to Ignore Bitcoin any Longer

“In fact, it seems the institution now warns investors NOT to ignore cryptocurrency” writes Jp Buntinx for newsbtc.com. Goldman Sachs has done a complete 180 turn as far as Bitcoin and cryptocurrency are concerned.However, the institution is now actively telling their investors not to dismiss Bitcoin any longer.Goldman Sachs has been one of the few financial institutions to dismiss Bitcoin for some time.They are even advising people on how to buy and trade cryptocurrency right now.It doesn’t make too much sense for the average investor, to say the least. Source: newsbtc.com…

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Crypto News 

Bitcoin Hits New All-Time High above $3,700 amid Rising International Tensions

“Popular cryptocurrency exchange Bitfinex recently announced that it will no longer accept U.S. clients” writes unknown author for cryptocoinsnews.com. Bitcoin hit a new all-time high today, soaring past its previous record hitting $3,793.86 before sliding back, as one bitcoin is currently worth $3,744.56, according to data from CoinMarketCap.Back in July, Goldman Sachs’ chief technical analyst Sheba Jafari accurately predicted that bitcoin’s price would pull back to about $1,850, before setting a new record high.The cryptocurrency’s new record pushes its market cap to $61.7 billion, with the entire cryptocurrency ecosystem now…

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