Bitcoin News Feed 24 Dec 2016
Bitcoin Prices Rally Nearly 18% As 2016 Draws to a Close
Bitcoin prices surged more than 17% during the week through 23rd December. The digital currency surpassed $900 after opening the week at $780.85, CoinDesk USD Bitcoin Price Index (BPI) figures reveal. At press time, bitcoin prices had climbed as much as $918.95 during the session – a 17.7% gain since the start of the week. Markets are currently trading at an average of $916.19. .... [Read Full News]
Bitcoin Price Surge Continues, Passes $900 to Approach 3-Year High
Bitcoin prices have shot past $900, the latest move in a week of dramatic market increases. The digital currency’s price peaked at $911.99, according to data from the CoinDesk USD Bitcoin Price Index (BPI). Prices haven’t exceeded the $900 level since mid-January 2014, BPI data shows. At press time, the price is hovering around an average of $902.92. ...... [Read Full News]
Dubai Appeals to Startup Ecosystem for Blockchain Immigration Solution
Dubai's immigration agency is seeking a blockchain startup to develop a system that will cut illegal residency in the country. .... [Read Full News]
Why Tokenization Will Be Key in Protecting Your Payment Data
EMV has been introduced in the US to thwart card fraud at the Point-of-Sale (POS) but the chip provides little protection for data stored after the purchase, and especially when mobile payments are factored in. This is where tokenization becomes relevant. .... [Read Full News]
Bitcoin Hits All Time-High $14 Billion Market Cap, Now Bigger Than Silver
The $800 USD mark went as fast as it came for Bitcoin, which is now sitting at around $910 after a 5.70% increase in the last 24 hours. China has driven the rally with over 7.9 Million BTC traded in the last 24 hours, as the Chinese Yuan continues to devalue, forcing citizens to look for a safe-haven asset. .... [Read Full News]
Here Comes Moon! Be Wary of Exchange Hacks, Protect Your Keys
As Bitcoin continues breaking new highs, the future (and moon) are on everyone’s minds – let it not be punctuated by bad actors’ exploitation. ..... [Read Full News]
Kraken Contest Results are in: Invest in Bitcoins, But Don’t Disregard Ethereum
There are more than 100 cryptocurrencies out there, each one with their own use case, market capitalization, and user base. Virtually anyone with the right skill-set can create their own currency. The open nature of crypto and its FOSS philosophy makes it easy for people to adopt it or invest in it. ..... [Read Full News]
Bitcoin Direct To Starbucks Feature Brings A Mainstream Use Case To Cryptocurrency
Spending Bitcoin remains somewhat of a mystery to a lot of novice cryptocurrency users. Most payments are made in the online space, whereas in-store transactions with Bitcoin remain limited in number. But if it is up to IPayYou, that situation will come to change very soon. Their new feature allows Bitcoin users to spend cryptocurrency at Starbucks. ...... [Read Full News]
Remittance Demanding Countries Dominate Bitcoin Searches in 2016
This year, remittance-demanding countries including Ghana, Malaysia and South Africa dominated search engine searches for the keyword bitcoin. Interestingly, countries that represent the highest bitcoin search engine inquiries in 2016 have either poor financial infrastructures or strict regulations on capital outflow....... [Read Full News]
Five Potential Blockbusters Looking to Boost Bitcoin in 2017
With bitcoin’s value up over 300% from its 2015 lows, this push-up in price might only just be getting started. Below are five bitcoin projects that promise to deliver real value to bitcoin in 2017. ...... [Read Full News]
Open3D Club Utilizes Bitcoin to Create a 3D Printing DAO
A new proof-of-concept is in the making called the open3d.club that hopes to enable connections between 3D printing artists, printers, and developers utilizing bitcoin incentives. The project aspires to be a distributed autonomous organization that promotes the 3D printing ecosystem in a decentralized manner. ...... [Read Full News]
Former Facebook Exec: Bitcoin Companies Will Lead Defensive Innovation
The cyber security market is growing at a rapid pace. According to research firms like Cybersecurity Ventures and Markets and Markets, the cyber security market will be worth over US$200 billion within the next five years. Former Facebook and Coinbase Director of Security Ryan McGeehan believes bitcoin companies will lead defensive innovation and the cyber security market soon. .... [Read Full News]
Roger Ver Says He Was Misled about Recorded Block Size Debate
A widely shared discussion between Bitcoin core developers, representatives of the Bitcoin ecosystem and Roger Ver was released onto Soundcloud (transcript here), despite Mr. Ver never having been formally invited to an interview. ..... [Read Full News]
Without Segwit There is No Lightning Network
“There are a lot of people working on layer 2 solutions that are waiting for Segwit,” says Bitfinex Chief Security Officer Phil Potter in a discussion between core developers, bitcoin ecosystem participants and Bitcoin enthusiast Roger Ver. “If Segwit doesn’t happen, think of the downstream projects. ...... [Read Full News]
Bitcoin Price Rally Still Has Legs
Bitcoin continues to show strength as it bounces back from profit-taking overnight, making yet another new swing high moments ago. The question on traders mind everywhere is, no doubt: ’How far will this go?” ... [Read Full News]
Security Expert Predicted Bitcoin to Be Close to $1,000 by 2016’s End
Mikko Hypponen, a prominent security and privacy expert, TED speaker and Chief Research Officer of F-Secure, predicted the price of bitcoin to be close to US$1,000 by the end of 2016. On Safe & Savvy, F-Secure’s news outlet, Hypponen stated: “Bitcoin value will rise to close to $1000 by the end of 2016, re-fueling criminal interest in botnet attacks using Bitcoin.” .... [Read Full News]
Bitcoin Block Size and Scaling Issues May Be Solved With This New Solution
Bitcoin, Bitcoin’s Core developers, and Bitcoin’s underlying Blockchain technology have certainly done their job up to this point. Bitcoin has proven to live up to the hype in actual ability and overall value. This global technological experiment has worked out almost perfectly, except for one thing. ..... [Read Full News]
CNBC Analysts Explain Bitcoin Price Surge on Mainstream TV
CNBC analysts including Brian Kelly, Kelly Evans, David Faber and Sara Eisen have analyzed the recent price surge of Bitcoin in their TV presentations. They told hundreds of thousands of real-time viewers that factors of the growth have seen an increase in demand, currency devaluation in China & India, and increasing capital controls. .......
Another $1 Bln to Bitcoin Market Cap: Why The Rally?
Another $1 bln will be added to the market cap of Bitcoin in one day - that is by tomorrow December 24 if the digital currency’s uptake continues at its current pace. According to CoinMarketCap, the currency, as at the time of this publication, increased by 5.34 percent to push its market cap to $14.6 mln at a rate of $912 per Bitcoin, having recorded around $217 mln worth of transactions within the 24-hour period. ..... [Read Full News]
This post has been ranked within the top 80 most undervalued posts in the second half of Dec 24. We estimate that this post is undervalued by $4.10 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 24 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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