Bitcoin 

Govt panel recommends shutting down Cryptocurrency Dealers in India.

The panel made the suggestion to curb the use of cryptocurrencies in the country, ETNow reported on Saturday quoting agencies. The report surfaces at a time when Bitcoin’s price has zoomed past $7,000 after the Chicago Mercantile Exchange (CME) Group Inc’s announcement on Tuesday that it plans to introduce bitcoin futures by the end of the year, after regulatory approval. Following the announcement, Coinbase Inc added more than 100,000 users in 24 hours. In July, Business Standard had reported that the government is considering setting up a regulatory structure to…

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Bitcoin 

Bitcoin Price Climbs to $12,400 in Zimbabwe

The bitcoin price has reached record levels this week, peaking at a global average of $6,634 on Tuesday morning. Whenever bitcoin reaches an all-time high, investors who have considered purchasing bitcoin but have yet to do so lament that they should have bought in when the price was lower. “It’s too expensive now,” they complain. But while prospective investors in liquid markets grumble that $6,600 is too pricey, demand in emerging markets like Zimbabwe is driving local exchange rates far above the global average. Bitcoin often trades at a premium…

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Bitcoin 

Bitcoin smashes through $6,600 to new record high after CME announces plans for futures contracts

>The price of bitcoin surpassed the $6,500 and $6,600 barrier in one day to hit a new record high >The move higher was boosted after the CME announced plans to launch bitcoin futures >CME’s plans could bring more institutional investors into the bitcoin market. Bitcoin surpassed $6,500 and $6,600 on Wednesday to hit a new record high after the CME announced plans to launch bitcoin futures later this year. The price of the cryptocurrency hit a high of $6,600.84 just hours after breaking through the $6,400 barrier, and minute after…

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Bitcoin 

$6,300: Bitcoin Price Hits Record High

Another week, another all-time high for the world’s most popular cryptocurrency as bitcoin price peaks above $6,300. It has been 10 days since prices advanced to unprecedented levels above $6,200 and the growing adoption and appetite for bitcoin has propelled prices beyond $6,300 following another record-breaking weekend. In the late hours of Sunday (UTC), bitcoin price touched a new record high of $6,345. While the factors behind the latest surge aren’t immediately clear, bitcoin’s increasing prominence in the mainstream under the spotlight as an investment instrument showcasing remarkable gains have…

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Bitcoin 

Bitcoin Price Stalls at $5,800, but Bitcoin Cash Rallies

The crypto markets made a net decline today, after — for the first time in three weeks — the bitcoin price did not set an all-time high on Friday. Instead, bitcoin posted a minor decline toward $5,800 and almost every top-tier cryptocurrency followed its example. Bitcoin cash, however, surged to its highest mark in nearly two weeks. Altogether, the total cryptocurrency market cap posted a 24-hour decline of about $2 billion. After entering the day at $171.7 billion, the crypto market cap ebbed and flowed throughout the day, but it…

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Bitcoin 

What’s the Price of Bitcoin Gold? Bitcoin Gold Price Drops 62% in First Day of Trading

The bitcoin gold price crashed by 62% following its first official day of trading, despite the fact that no exchanges have enabled deposits. What’s bitcoin gold, exactly? Bitcoin gold supposedly improves on both bitcoin and bitcoin cash, as it uses a different algorithm to create, or “mine,” new coins by anyone with a personal computer, Mashable reported. While the original bitcoin could be mined on any computer as well, large mining companies using specialized machines known as ASICs (meaning application-specific integrated circuits) currently dominate the bitcoin network. Bitcoin gold’s aim…

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Bitcoin 

Bitcoin Price Dips Below $3,900, but Market Treads Water

Bitcoin price declined for the second straight day, dipping just under $3,900 after targeting the $4,000 mark earlier in the day. The overall markets also posted a minor pullback but were more or less stable compared to the near-constant volatility of the past month. bitcoin price Chart from CoinMarketCap The most pressing news of the day was a report that Chinese bitcoin exchange executives had been banned from leaving the country while investigators continue their investigation into now-illegal cryptocurrency trading. Elsewhere, India’s tax authority expressed concern about the large amount…

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Bitcoin 

Bitcoin Price Hits Record $4,643

The bitcoin price set a new all-time high on Tuesday, punching through the $4,500 wall to extend beyond the $4,600 threshold. Bitcoin Price Sets New ATH Above $4,600 The bitcoin price first crossed $4,400 on August 15, but it had been unable to penetrate the $4,500 wall, even as the total cryptocurrency market cap continued its record advance. That changed on August 29, when the bitcoin price suddenly burst through $4,500. Almost immediately, bitcoin leaped over the $4,600 mark. On Bitfinex, the bitcoin price rose as high as $4,643, although…

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Bitcoin 

Bitcoin is Growing in Value and Users ; Factors toward $4,000?

Bitcoin has its challenges, such as concerns about its possibly overinflated price and questions about how it will scale to accommodate more users, but one thing’s for sure: its use is expanding at a rapid clip. Two of the largest bitcoin wallets, Coinbase and Blockchain, have posted major user growth in the last month. Alistair Milne, an entrepreneur, investor and bitcoin evangelist, recently tweeted that Coinbase has added about 1 million new users in 30 days. He presented a chart showing the number of users jumped from 5 million on…

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Bitcoin 

Bitcoin Hype Watch: Does Blockstream CEO Adam Back Want $100 Fees?

The Bitcoin blocksize debacle, a leading contributor to the bubble building in the alternative cryptocurrency market, continues full speed ahead, gunning toward August, when a showdown is scheduled to occur regarding the User-Activated Soft Fork, BIP 148, which will invalidate blocks mined by non-segregated-witness and ultimately cause a mighty chain split and a period of confusion. The belief is that in the end, through these efforts, congestion will be reduced in the network and price will continue on its merry way to infinity. Adam Back is a computer scientist. It’s…

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