Bitcoin News Feed [04 Jan 2017] - Phase II
Localbitcoins’ Growth 85% 2016, Signaling Further Use of Bitcoin
For those interested in tracking the progress of bitcoin as a true form of money, an interesting data point to watch is the global Localbitcoins volume.
There are a variety of different metrics people use to track the adoption of Bitcoin. Some simply track the bitcoin price in terms of US dollars, while others prefer to watch the number of on-blockchain transactions per day increase over time. According to coin.dance, the weekly Localbitcoins global trading volume increased from just under $10 million to around $18.5 million over the course of 2016 (excluding the holidays). ..... [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.
Since bitcoin’s inception over the years, the cryptocurrency has created a massive economy of people who work directly with this protocol every day. This includes miners, software developers, startups, artists and writers, and many more groups and individuals who help build this infrastructure every day. ..... [Read Full News]
Bitcoin Reaches All Time High at BTC China
Bitcoin triumphantly rises once more, reaching an all-time high today at around 2PM London time in one of the most liquid exchanges: BTC China. Proclaimed dead or worthless so often by so many, the currency has been turning heads in the past few weeks when a two years long bull market accelerated around December the 20th, increasing bitcoin’s price from around $800 to almost $1,100 in just two weeks, while at BTCChina it reached an all-time high of just under $1,150 (7,990 CNY according to BitcoinWisdom) higher by almost 400 points than its previous all-time high of 7,588 CNY reached on the 25th of November 2013 at a time when BTC China was the most liquid bitcoin exchange. .......... [Read Full News]
Bitcoin’s Market Cap Crosses $17.5 Billion
The price of bitcoin has been surging at a frenetic pace in a bullish run that began in the last quarter of 2016. The relentless run sees bitcoin’s market capitalization now scaling beyond $17.5 billion. Exactly a week after bitcoin’s market cap touched $15 billion, rapid gains since through the end of 2016 and the beginning of 2017 that saw bitcoin price reach $1000, has resulted in bitcoin charting through yet another milestone. ...... [Read Full News]
Bitcoin Will Get Native Support in Microsoft Excel This Year
Microsoft Excel, the most widely used spreadsheet program in the world will enable bitcoin support in 2017. The confirmation comes ten months after the feature was revealed to be in its development state – which it continues to be at the time of publishing – within the Microsoft Office software suite roadmap. ..... [Read Full News]
Dutch and Korean Mainstream Media Extensively Cover Bitcoin Rally
Bitcoin is sustaining a strong price rally, maintaining its stability at the US$1,020 margin. Within seven days, the price of bitcoin rose by 9%, pushing the demand for the digital currency in exchanges worldwide. As a result, bitcoin began to gain extensive coverage by mainstream media in South Korea, Belgium, and the Netherlands. .....
Russian Government Considers Blockchain for Improving National Payment System
The Federal Assembly of Russia State Duma, the Ministry of Finance and the Federal Financial Monitoring Service, known as Rosfinmonitoring, are set to review a proposal drafted by the Association of Financial Innovation (AFI) regarding regulatory improvements to the National Payment System. .... [Read Full News]
Teflon Modi Defends Demonetization in India
On the eve of the New Year, the Indian Prime Minister Narendra Modi went on air to make an address to the nation, this would be his first televised speech after the Nov. 8, 2016, demonetization announcement. ..... [Read Full News]
Bitcoin Becomes Venezuelans’ Last Resort, Even When Buying Food
Amidst the worsening economic crisis and financial turmoil, Venezuelans are in search for alternative assets and stores of value to finance their daily living. The imposition of excessive regulation on physical assets such as gold has pushed the demand for Bitcoin in the struggling country. ....... [Read Full News]
This post has been ranked within the top 80 most undervalued posts in the second half of Jan 04. We estimate that this post is undervalued by $5.35 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jan 04 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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