Archive | exchange

Bitcoin Price Achieves New All-Time High at $8,100, Market Confident in Institutional Investors

The bitcoin price has officially achieved a new all-time high price at $8,100, surpassing its previous high at $8,050 established earlier this week. $10 Billion Awaiting to be Invested in Bitcoin Analysts have attributed the recent surge in the price of bitcoin to the global bitcoin market’s optimism towards the launch of bitcoin futures by […]

$8,000 Short-Term Bitcoin Price Target of Max Keiser: Entrance of Retail Investors

Max Keiser, a prominent financial analyst and the host of RT’s Keiser Report, has reaffirmed his short-term bitcoin price target at $8,000. Hedge Funds Rush Into Bitcoin Following CME’s Bitcoin Futures Listing Throughout this week, following the official announcement of CME Group, the largest options exchange in the world, to launch a bitcoin futures exchange […]

Golix Exchange: Bitcoin Price Double in Zimbabwe

Cryptocurrency seems to thrive in times of instability. That’s certainly the case right now in Zimbabwe. The price of a single Bitcoin surged to an unprecedented $13,500 on the country’s only crypto exchange, Golix, following news that troops from the Zimbabwe Defence Forces seized power in what is beginning to look like a coup. On […]

Singapore Mining Rig Manufacturer Reports Massive Surge in Sales

A small mining rig manufacturer in Singapore has reported a huge surge in sales in recent months. Dexter Ng of estimates that the company has gone from selling around 15 rigs each month in July to now selling over 100. He told Channel News Asia: Customers come in and order 50 rigs on their […]

How Bitcoin Price Could Reach $10,000 by the End of 2017

Highly regarded investors and financial analysts including billionaire investor Mike Novogratz and RT’s Max Keiser firmly believe that the bitcoin price could achieve the $10,000 mark in the short-term. As Novogratz told CNBC: “I’m pretty confident to say it’s going higher…It would not surprise me if in the next 6-10 months we are over $10,000.” […]

Japan’s Legalization of Bitcoin Led to Rapid Surge in Mainstream Adoption

The Japanese government’s legalization of bitcoin as a currency has led to a surge in mainstream adoption in the country, as major stores, merchants, and retailers have started to accept bitcoin payments. Exponential Mainstream Adoption of Bitcoin in Japan Over the past five months, some of Japan’s largest conglomerates including major budget airline operator Peach, […]

Hedge Funds are Heavily Investing in Bitcoin, as Price Continues to Soar

In the past 12 months, the demand for bitcoin from the traditional financial industry has significantly increased, pressuring hedge funds and large-scale investment firms to include bitcoin and cryptocurrencies as a major part of their portfolios. In an interview with Nathaniel Poppers of the New York Times, research firm Autonomous Next revealed that more than […]

Strong Case For $8,000 Bitcoin Price in 2017, No SegWit2x and CME Futures

It is highly likely that the bitcoin price will surpass the $8,000 mark by the end of 2017, as SegWit2x has been called off by it supporting businesses and developers. Earlier today, BitGo CEO Mike Belshe released an official statement in regards to the termination of SegWit2x due to a lack of consensus to pursue […]

Goldman Sachs Believes Bitcoin Price Will Hit $7,900 in Short-Term

Sheba Jafari, vice president at Goldman Sachs FICC Market Strats team, believes the bitcoin price will surpass the $7,900 mark in the short-term. “The market has shown evidence of an impulsive rally since breaking above 6,044. Next in focus [$]7,941. Might consolidate there before continuing higher,” said Jafari. $7,941, a Realistic Target? Jafari’s bitcoin price […]

NovaExchange to Close in Advance of Management Change

It is never good to see cryptocurrency exchanges shut down or temporarily suspend their services. Although most cryptocurrency traders may have never heard of NovaExchange, the company has proven quite useful to newer altcoins looking to gain traction. Due to a change in management, the platform will begin the process of shutting down at the end […]

Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next?

Over the past two weeks, the bitcoin price has demonstrated a meteoric rise in value, increasing from $5,400 to $7,300, without the existence of a major market in China. In September, the Chinese government and its central bank the People’s Bank of China (PBoC) cracked down on cryptocurrency trading, requesting leading bitcoin exchanges such as […]

China’s Largest Bitcoin Exchange CEO Publicly Condemns SegWit2x

Star Xu, the CEO of OKCoin, the largest bitcoin and cryptocurrency exchange in China, has publicly condemned SegWit2x, describing it as a “shitcoin.” Xu stated: “Personal advice is B2X should not be listed. It’s a shitcoin but remove replay attacks protection.” Charlie Lee, the creator of Litecoin and former Coinbase executive, agreed with the statement […]

BTCC Founder Bobby Lee: “Segwit2x Feature Is an Upgrade”

This week Bobby Lee, the chief executive officer of the Chinese cryptocurrency exchange BTCC, held an Ask-Me-Anything (AMA) with bitcoin traders on the Reddit forum /r/bitcoinmarkets. During the AMA the conversation participants focused in on the Segwit2x hard fork set to activate on or around November 16. Also read: SPV Wallet Bread Lets Users Decide During […]