Bitcoin News Feed [10 Jan 2017] - Phase I
Bitcoin's Price Volatile at $900 as China Concerns Linger
Bitcoin prices experienced intense price volatility on 9th January, continuing a trend that's been the new normal since late last week. Prices fell nearly 5% in less than two hours across global exchange today, declining from an opening price of $913 to a daily low of $878, according to CoinDesk USD Bitcoin Price Index (BPI) data. After falling, bitcoin prices rose roughly 3.4% to $908.37, before tapering off again below $900. ....... [Read Full News]
Why 2017 is Blockchain's Make or Break Year
2017 could be the make-or-break year for blockchain technology. That may sound dire, but poll anyone in the financial services industry and they will likely tell you that the technology is still in need of its break-out moment. If significant headway isn't made – or real value delivered, whether in cost savings or new revenue generation – by the end of 2017, I suspect the technology will risk developing fatigue in executive suites. ....... [Read Full News]
China's BTCC Welcomes Greater Bitcoin Exchange Oversight
At least one bitcoin exchange in China is open to the idea that the digital currency could become more well-regulated domestically.
Speaking to CoinDesk today, BTCC CEO Bobby Lee greeted rumors that the People's Bank of China is considering ways to better supervise the industry with enthusiasm, while pushing back against the idea that recent conversations between its executives and the central bank were anything but ordinary. .... [Read Full News]
‘Zero-Risk’ for Governments to Buy Bitcoin as Reserves, Abra CEO Says
Currently, sitting at around $900 with a $14.55 Million market cap, Bitcoin has been making regular appearances in mainstream media, gaining attention from regular users as well as investors. However, a class of investors that is usually not associated with Bitcoin may soon start to stock up on the digital currency: national governments. A prediction that has been made by Civic CEO Vinny Lingham, earlier in May. ...... [Read Full News]
Bitcoin Interest Soars in the World’s Hedge Fund Capital
Interest in “Bitcoin” according to Google search data shows that the the world’s hedge fund capital tops all other places in the Tri-State area. The latest stats from Google trends reveal that most of the interest in Bitcoin for the Tri-State area (NY, NJ, CT) is coming from the greater Greenwich area of Connecticut. ..... [Read Full News]
This post has been ranked within the top 50 most undervalued posts in the first half of Jan 10. We estimate that this post is undervalued by $5.72 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jan 10 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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