Bitcoin News Feed [03 Jan 2017]
Bitcoin Price Tops $1,000 in First Day of 2017 Trading
The price of bitcoin inched upward over the course of trading today, passing $1,000 for the first time on CoinDesk Bitcoin Price Index since early January 2014. Though the price (at press time) was still shy of a three-year high of $1,023 set in January of that year, the milestone nonetheless marks a bright beginning to 2017 for the digital currency. (Bitcoin appreciated by more than 100% in 2016). ....... [Read Full News]
Why There's Still Hope for Bitcoin Remittance Companies
George Harrap is the CEO of Bitspark, a Hong Kong-based cash-in, cash-out remittance service leveraging bitcoin and blockchain technology.
In this CoinDesk 2016 in Review special feature, Harrap gives a deep dive into his takeaways from nearly three years of running a bitcoin-based remittance startup. His conclusion? Bitcoin is still a game changer. .....
Which Way for Blockchain Standards in 2017?
Professor Michael Mainelli is executive chairman of Z/Yen Group and principal advisor to Long Finance. His latest book, "The Price of Fish: A New Approach to Wicked Economics and Better Decisions," written with Ian Harris, won the 2012 Independent Publisher Book Awards Finance, Investment & Economics Gold Prize. .....[Read Full News]
Bitcoin Price Starts 2017 Right; Conquers $1,000 on Day One
A New Year means new goals and new possibilities. Everyone should have a goal to reach for the year to come, and we hope you reach your goals in 2017. Bitcoin has its own goals, but Bitcoin tends to be ahead of the curve when it comes to what it can do, especially when it comes to the Bitcoin price. 2017 has proven no different. ......
Bitcoin’s Quirky Genesis Block Turns Eight Years Old Today
Today is the eighth anniversary of the bitcoin genesis block, and a lot has happened since the digital currency’s birth. The genesis block was the starting point for the bitcoin blockchain on its path to becoming a revolutionary network for peer-to-peer transfers of value. .............. [Read Full News]
The Bitcoin Constellation Is Bigger Than Most Realize
When most people think of bitcoin, they look at the price and its billion dollar market capitalization. However, bitcoin’s ecosystem is bigger than most people can imagine with its constellation of significantly growing micro-economies. .......... [Read Full News]
Scammers in Australia Demand Bitcoin and Gift Cards from Facebook Users
Facebook users in Australia are being tricked into handing over money as scammers use the social media site to demand bitcoin or iTunes gift cards as payment. According to the Australian Competition and Consumer Commission (ACCC), thieves are hiding behind familiar organizations that the general public are likely to trust such as utilities and telecommunication agencies. ....... [Read Full News]
$1.44 Billion Chinese Fintech “Fund of Funds” to Focus on Blockchain
Ramping up its efforts to become a dominant Fintech hub in Asia, a 10 billion yuan (approx. $1.44 billion) fund was launched in Beijing, China, focusing mergers and acquisitions in the sector while seeking to nurture enterprises and startups in the industry. Titled ‘Asia Fintech Merger and Acquisition Fund of Funds’, the fund was founded by both state-owned capital and private funds to launch in the last week of December 2016. ....... [Read Full News]
Will Bitcoin Reach an All-Time High?
There couldn’t be a better start for bitcoin to a brand-new year. After reaching a low of $153.90 on the 11th of January 2015, from a previous all time high of $1,163 on the 24th of November 2013, the currency has been slowly rising and rising, with its value appreciation accelerating considerably over the past week, adding $250 to one bitcoin since Christmas day. ...... [Read Full News]
Ex-advisor in Brussels: Cryptocurrency Mass Adoption Slow But Unstoppable
In a chat with Cointelegraph, Matthias Klees, a founding member of LocalCrypto and a former advisor in Brussels, revealed that LocalCrypto’s recently released platform is the first step in advancing real-world cryptocurrency adoption. The group is geared towards a sophisticated geolocation system, teamed up with high-end search-engine connectivity. Their focus is on fostering and establishing a local cryptocurrency economy, like your local grocery store. ......
Former IBM President Joins the Blockchain Advisory Board of I/O Digital
Nadal Antonioni, the former president of IBM Mexico, recently joined the foundation board of advisors at I/O Digital, a non-profit Blockchain organization established to lead the development and implementation of enterprise-grade Blockchain. ..... [Read Full News]
FinTech Boom: China Going Cashless, Consumers Ditching Banks
China, the largest fintech sector according to the International Trade Administration (ITA), is going cashless. Consumers are moving away from traditional banking systems to more efficient and user-friendly financial technologies.
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This post has been ranked within the top 50 most undervalued posts in the second half of Jan 03. We estimate that this post is undervalued by $7.56 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jan 03 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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