Bitcoin hit $24,680 in a brief leap around 12.00 UTC. At the time of this writing, BTC remains just a touch above $24,000. The BTC all-time high (ATH) made for a nice holiday greeting. Gemini Exchange co-founder and crypto bull Cameron Winklevoss tweeted his regards after the peak hit: Merry Christmas! Santa left $24.5K #Bitcoin under the tree pic.twitter.com/n4Ad19rE2v This is a great present for those #hodlers and anyone with any amount of #btc or any #cryptocurrency - The
The price of Bitcoin skyrocketed Wednesday December 16th, jumping from around $19,800 per digital token to as high as $20,696. The surge, which unfolded in a matter of hours starting at 8 a.m. ET, marks new all-time high prices for the original cryptocurrency. Because it has a fixed issuance rate and is substantially immune from governmental intervention, advocates have often touted Bitcoin as a hedge against social or economic instability. Specifically, Bitcoin has been a ma
Bitcoin ATMs DEFINITION of "Bitcoin ATM" by #INVESTOPEDIA - #YCOBITCON#BITCOINATMCA Bitcoin ATM is an Internet-connected kiosk that allows customers to purchase bitcoins with deposited cash. A #bitcoinATM is not the same as an ATM backed by a bank or traditional financial institution. BREAKING DOWN #Bitcoin ATM In the arc of financial history, it wasn’t until relatively recently that an individual could get cash or make a deposit anywhere other than a bank branch. The automat
Right now, there are over 5,000 cryptocurrency ATMs all over the world, and that number is rising daily. The U.S. is home to 60.8% of all #cryptoATMs, followed by Canada with 12.44% ATMs and Europe with 22.1%. On average, there are 6.3 new cryptocurrency exchange machines installed each day. These machines can be used to exchange different cryptocurrencies, and they can also be used to exchange #crypto and #fiat currencies. The simple convenience of these ATMs means #crypto i
For McDonalds MCD, the disruption of offering food at half the price, using a self-service counter, and pre-cooked hamburgers under heat lamps, introduced fast food to America. Whether it is the security of knowing FedEx FDX will deliver your package by the next day for a business deal or Amazon AMZN providing you groceries to your door later that evening within a 2-hour window, Americans have a need for speed. Prior to COVID-19, the banking industry seemed tone deaf to this
One of the most anticipated events in the cryptocurrency industry is the Bitcoin halving. A Bitcoin halving (also called the Bitcoin halvening) is an event where the block reward is halved. When a halving occurs, miners only receive half of what they used to get as block rewards – however, there is no impact on transaction fees. The first #Bitcoin halving took place on November 28th, 2012. According to the Blockchain protocol, the block reward was reduced from 50 BTC to 25 BT
The seven-day moving average of the total number of bitcoin held in exchange addresses fell to 2,214,365 on April 14 – the lowest level since last June. As of Tuesday, the average was down nearly 8 percent from a high of 2,404,786 registered on Jan. 17, 2020. The decline in exchange balances suggests a shift to longer-term holding strategies, according to #Glassnode. That's because investors usually withdraw coins from the exchanges to hold in their personal wallets when pric
This is an interesting wave of BTC price which was expose by Kinnari Prajapati on Trading view. Ms. Kinnari was able to spot a very interesting trend where BTC cycles through lows and highs every 14 days. The first time that it hit a high was on March 20th, 2020, with a next low recorded 3 days after on March 23rd, then the price of #BTC went up again and hit a High on March 25th, 2020. Following that wave, #bitcoin dropped to $5831 on March 29th, 2020, and exactly 3 days la
As per #cryptoglobe China’s announcement to locally launch its digital Yuan is set to be a major catalyst that drives legacy financial systems into the era of #bitcoin and decentralised money. Throughout 2019, the People’s Bank of China (PBOC) regularly hinted at the possibility of a digital Yuan as it ramped up its development of the digital token which would enable a two-tiered economic system, under which both the PBOC and commercial banks would function. On the 24th of Ma
#coinmama did a great job with this one... Reposting. It’s a new asset class. Asset classes, or areas of investment, have traditionally included stocks, bonds, and, more recently, entities such as real estate. Now cryptocurrency has been added to that list, with Bitcoin gaining momentum and recognition as a completely new asset class. With companies such as Bakkt bringing institutional investing in Bitcoin to the mainstream, it will likely show up in pension funds and on the
As per #coindesk The top cryptocurrency by market value is changing hands near $7100 at post time, representing a 1.6 percent gain on the day. Prices look to have steadied in the $7000 to $7,300 range over the last hour or so., according to CoinDesk. Meanwhile, the Euro Stoxx 50 – the eurozone’s benchmark equity index – is reporting a 1 percent gain, and there's been a 1.26 percent increase in the value of futures tied to the S&P 500. The positive moves come after the U.S. Se
From Steven Buchko In my previous research for #bitcoin exchange alternatives (Coinbase), I discovered a fairly novel way to purchase Bitcoin and other altcoins – Bitcoin ATMs. Like normal ATMs, you deposit cash into the machine, but instead of receiving your funds in a bank account, you receive an equivalent amount of Bitcoin in a wallet that you provide. There are currently way over 1700 Bitcoin ATMs across 58 countries. These machines aren’t the only way to purchase crypto
One of the most anticipated events in the cryptocurrency industry is the #Bitcoin halving. A Bitcoin halving (also called the Bitcoin halvening) is an event where the block reward is halved. When a halving occurs, miners only receive half of what they used to get as block rewards – however, there is no impact on transaction fees. The first Bitcoin halving took place on November 28th, 2012. According to the Blockchain protocol, the block reward was reduced from 50 BTC to 25 BT
Many long-time holders (or HODLers) of Bitcoin often say that the daily price of Bitcoin does not matter, but is this claim just based on blind faith in the potential for this asset to change On 26 September 2019, when Bitcoin was trading at around $8,100, Mark Yusko, the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management, was a guest on CNBC's post-market show "Fast Money". In a segment titled "Bet on Bitcoin?", Yusko was told by host Melissa Lee ab
The stock market just closed its worst trading week in two months. #Bitcoin, on the other hand, is up more than 10% on the week. All signs point to a slower economic recovery from the coronavirus than initially expected. Bitcoin final great decoupling broke its correlation with the stock market—one that some analysts and traders say never really existed in the first place. While crypto has seen considerable gains this week, the stock market continues to fall on warnings that
Courtesy of The Coin Republic Bitcoin has run on almost negligible financial loss, making it the most trustworthy financial network of the world. The depiction of its resilient nature is evident from the fact that the investors are still bullish about it. For the past 10 years, the bitcoin has run on almost negligible financial loss, making it the most trustworthy financial network of the world. However, Bitcoin has had its ups and downs and now is back in the field. The worl