Top news and views about Bitcoin and Cryptocurrency for 20 Mar 2017
Bitcoin Payment Growth Shows It is ‘Turning Into Real Currency’: Quartz
The latest growth data for Bitcoin as a currency shows sustained increases in adoption as mainstream media pick up on a growing trend.
Picking up on five separate positive charts it says “shows Bitcoin may be turning into a real currency,” Quartz highlights Bitpay payment data as an example of stable growth.
“BitPay’s data speaks for itself,” the publication wrote Tuesday.
Bitpay saw just over 200,000 payments processed in December 2015, the latest month information obtained by The Atlas is available for.
Full story at http://bit.ly/2nBRE2z
Dash Surges to Record High, Claims $0.5 Mln Monthly Development Budget
Dash price and volume have surged to all-time highs, bringing what is likely to be the largest development budget in the cryptocurrency field.
This year has seen a meteoric rise in Dash’s market cap. So far, it has increased from about $80 mln in January to over $560 mln at the time of writing amounting to a sevenfold increase. This month alone it has more than doubled in value.
According to community member Tao of Satoshi, who runs the Dash Nation Slack channel and hosts the YouTube show Cash Alternative TV, Dash’s recent growth spurt is hardly surprising:
“This price rise is not shocking at all to anyone who has followed the project from the start. Evan Duffield and his team have been systematically solving all of the problems facing Bitcoin, privacy, transaction speed and governance. Now, thanks to an energized community (or Dash Nation, as I like to call it), the word is spreading. People who may have been interested in Dash from afar are now considering it seriously as Bitcoin's situation continues to degrade. You are seeing Dash become a legitimate competitor to Bitcoin and fiat money, so in my opinion, this is only the beginning of sustained Dash growth.”
Full story at http://bit.ly/2mZfXrv
Dissecting Swisscoin – Another Rising ‘Cryptocurrency’ Blockchain Ponzi
Just recently Bitcoin.com reported on the Nigerian SEC Association’s warning about Multi-Level-Marketing (MLM) ‘cryptocurrencies’ such as Onecoin and Swisscoin. Our news team has uncovered quite a bit of shady activity while investigating Onecoin. This week we’ve decided to step into the realm of the so-called Swisscoin economy.
Swisscoin claims to be a cryptocurrency based on a decentralized blockchain, but in reality it operates more like a token MLM affiliate program with an upline and downline structure. Users are instructed to buy token packs paid for with euros or bitcoin as well as recruit members to join the Swisscoin organization. The project officially launched on June 4, 2016, and is reportedly run by the company director Manfred Mayer, a man with an extensive background within network marketing and MLM.
The company claims to be headquartered in the Canton of Zug, Switzerland where various cryptocurrency and blockchain startups reside. However much of the operations stem from Frankfurt and Leipzig, Germany, such as the company’s bank and registered domains. Furthermore, when visiting the Swisscoin member website, a vast majority of the text and news updates is written in German.
Full story at http://bit.ly/2nChT9f
Markets Update: Daily Cryptocurrency Volumes Surpass $1 Billion
Over the past week, the exchange rate of one bitcoin has continued to hold above the US$1,200 range, maintaining an average of $1,215-1,235 per BTC. As bitcoin’s price has consolidated, cryptocurrency markets in general have increased in volume significantly. Currently, 24-hour cryptocurrency trading volume now exceeds $1 billion in trades per day reaching a new milestone.
The price of a bitcoin has been quite stable over the seven-day period since the rejected ETF decision last Friday. Initially, bitcoin markets reacted with a price rise while waiting for the decision on March 10 and after the SEC’s announcement market prices declined. Since then bitcoin’s value has recovered from the downturn and increased in value to a high of $1,260 on March 15. Bitcoin volume has been incredibly high, reaching an average of over $500 million USD worth of volume daily.
On the peer-to-peer level, bitcoin exchange volumes like Localbitcoins have also reached all-time highs this week. Global Localbitcoins volumes are currently $32 million with countries like China, the U.S., and Canada leading the race. Other peer-to-peer exchange platforms like Paxful and Bitsquare are seeing record volumes as well.
When looking at overall cryptocurrency markets globally, there has been a massive influx of volume when adding altcoin volumes into the equation. Daily cryptocurrency volume has surpassed $1 billion USD in trades due to significant price increases from other altcoins. Adding to bitcoin’s massive daily trade volume, altcoins like Ethereum, Dash, Tether and Monero have bolstered the overall market volumes.
Full story at http://bit.ly/2nCkkZc
Prepared by @SydesJokes
Original post from: http://CrowdifyClub.com/SydesJokes