Bitcoin Market Wrap Week: 2/1/ – 2/8/15, NetCoin and DigiByte Trending Upward

Bitcoin Market Wrap Week: 2/1/ – 2/8/15, NetCoin and DigiByte Trending Upward

Here is Bitcoinist’s Bitcoin Market Wrap. It is been a relatively quiet week for Bitcoin, market-wise. Bitcoin has only fluctuated a couple percentage points every day, with usually a net difference of 1-3% daily. If we take a look at more traditional investments, 1-3% of the variation is a lot, but for Bitcoin in its current state, that is pretty stable. If we take a look at those same “traditional investments” they are down as well. For example, oil is under $2 per gallon in most states in the US, silver is under $17 an ounce, and gold is down $30 today, same with platinum.


Related News

Excluxive Interview: SnappySnap from Netcoin

While Netcoin is a quiet altcoin, many things have been developing in the background. With the release of PIR and OWI, not only did it receive a lot of attention from traders, but its market price grew dramatically, showing an increasing demand for Netcoin. I talked to Bryan (SnappySnap), the Director of Team Management regarding Netcoin and its decision to add POS. What is the main goal of Netcoin? That’s an interesting question, particularly since people often associate “Netcoin” and other altcurrencies within this medium that people think will replace or work in tandem with fiat....

Digibyte Raises $250k to Develop Altcoin for Retail Payments

The development team behind the digibyte cryptocurrency project has received $250,000 in private investment and inked a new strategic partnership with Hong Kong-based web developer Tofugear. The funds will be used by the digibyte developers as part of a push to upgrade the core functionality of the project's code and develop new services on top of its infrastructure. The announcement coincides with the launch of two digibyte-focused startups: DigiPay LLC in California and DigiTrade International Limited Hong Kong. Digibyte's developers said the Tofugear partnership will provide additional....

DigiByte Raises $250K, Plans to Go Global

Emerging altcoin and payment network DigiByte (DGB) managed to secure a $250,000 investment to fund their upcoming global operations, announced Jared Tate - the coin's founder and creator. "The DigiByte Team is pleased to announce the opening of two new companies and offices representing their full suite of products & services: DigiPay LLC of Santa Monica, California and DigiTrade International Limited of Hong Kong." Tate wrote on DigiByte's official blog. "With a private investment made for USD $250,000, the DigiByte Team now has the financial backing to build software and services around....

Bitcoin Market Wrap Up 5/3-5/10: Bitcoin Sideways, XMR, VRC, and NET Solid Performers

This week has seen much sideways movement from Bitcoin, but nothing that will impact Bitcoin in the long term. Bitcoin started the week in the mid $230s, where it proceeded to decrease slowly to a bottom of $230 around Thursday. On some exchanges like Bitfinex, it even dipped a little below that, briefly touching $228. After it had hit the floor, Bitcoin rose $20 in two days, peaking at $249 where it then proceeded to tumble back down to $240. Since then it has jumped back to $245, and Bitcoin is now stuck in a fork in the road where the price will either push back up with another bull....

Bittrex Cuts 36 Altcoins From Exchange

Bittrex, a notable Bitcoin exchange, removed 36 crypto-currencies from its listings on February 15th. Stating that they have been “flagged and warned on these wallets for at least 30 days,” Bittrex will no longer allow users to withdraw any of these coins if they were left in accounts. Given that most of the coins being delisted on the exchange had broken blockchains, refunds would be impossible. While many of the coins being delisted brought little to no innovation to the table, AnonCoin and Netcoin both had functioning blockchains, some form of innovation, and an active community and....

Quotes

I think Bitcoin may very well be the best form of money we’ve ever seen in the history of civilization.

Wences Casares, Technology Entrepreneur. Founder of Banco Lemon, the winner of Xbox game of the year