News 

Why Industries May Experiment Smart Contracts via Bitcoin in 2017

Smart contracts were a popular trend throughout 2016, as investors, banks and major financial institutions explored the potential of smart contract-based protocols such as Ethereum to build innovative and decentralized applications. Yet, even Ethereum, a network valued at nearly US$930 million, struggled to demonstrate practical usage and efficient commercialization of smart contracts due to several internal bugs, delays in transactions and other security issues emerged from its prioritization of security over flexibility. Severe security compromisations and technical issues arise when a cryptographic network like Ethereum choose to favor flexibility and…

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Bitcoin 

Bitcoin Price Soars to All-Time High Beyond $1,750

Bitcoin’s strong showing through May continues as prices continue hurtling through uncharted territory. On Tuesday, bitcoin price hit a global average all-time high of $1,753, with prices up 8% over the last 24 hours. Bitcoin prices trends are sticking with recent patterns as trading activity in Japan continus to push the world’s most prominent cryptocurrency in an upward spiral. Since the turn of the month, bitcoin has put on $350 from trading $1,366 an all-time high at the time. Altogether, bitcoin price has gained over 750% on the year in…

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Bitcoin 

Bitcoin Exchange Bitfinex Sues Wells Fargo Over Embargoed Wire Transfers

A lawsuit filed Wednesday in Northern District of California federal court, San Francisco division could turn out to hold meaning for the entire Bitcoin world. Bitfinex, the exchange which took heavy losses in face and treasure when it was hacked in 2015, is taking Wells Fargo to court for having reversed US dollar cash deposits designated for their customer accounts coming from Bitfinex. The legality of shutting down bank accounts merely for being related to the use of Bitcoin or cryptocurrency trading has long been questionable, but the outcome of…

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Bitcoin 

Bitcoin Price Run Reaches $1,200

The bullish bitcoin price trend continues in a strong start to April as price breaches $1,200 on the Bitstamp Price Index (BPI) in the late hours of Thursday (UTC). In a month where Japan began recognizing bitcoin, the world’s most prominent cryptocurrency, as a legal method of payment equivalent to fiat money, bitcoin has taken significant strides in a rally that began in the last week of March. The price trend shows investors’ renewed confidence in the cryptocurrency after fears of a possible ‘hard fork’, a split of bitcoin’s core…

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Bitcoin 

Bitcoin Price can be Between $5,000 and $11,000 by 2020

Bobby Lee, BTCC’s co-founder and CEO recently tweeted a bitcoin price prediction, which is between $5,000 and $11,000 by 2020, after the block reward halving. The entrepreneur, who regularly makes predictions, also stated the daily inflow would scale accordingly – from the current $2 million a day level, up to $5-$10 million a day. #Bitcoin price target in 2020; after block halving: USD $5k-$11k Assuming $5-$10 million daily flow into #BTC by then. (Today: $2m daily in) Bobby Lee also reminded his 5,600 Twitter followers his “medium-term” price target for…

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Bitcoin 

Bitcoin Price Rally Breaches $1,050

Bitcoin price continues to surge with a week-long rally that has seen bitcoin gain over 10% in value since the end of January. Bitcoin struck a new 30-day high of $1,056, today. Reverting to a bullish trend similar to the beginning of the year when bitcoin broke the $1000 milestone on its way to reach gold parity, bitcoin is booming. A crackdown by the People’s Bank of China (PBoC), China’s central bank led to significant turmoil, leading to bitcoin losing a third of its value to hit a January low…

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