Why Bitcoin Investors Should Take the Current Upsurge with a Grain of Salt and Convert Their Virtual Funds into Gold
The virtual currency Bitcoin is currently celebrating a suspicious comeback. On Wednesday, November 4, it surged 25% and has reached the $500 mark for the first time since summer 2014. Just two months ago, the currency has been valued at about $200. During the last three days, the currency has appreciated by 40%. In October, it has gone up almost 70%. Such a fast price increase is most likely not sustainable and indicates a bubble. Investors should watch out. China’s capital restrictions cause capital flight; European regulators made Bitcoin trade more attractive by imposing....
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Bitcoin price predictions are fun exercises, but you should take them with a grain of salt. Bitcoin price predictions are a staple topic of discussion in the cryptocurrency community. However, it is important to remember that although speculating about the Bitcoin price is fun, it is far from an exact science. Bitcoin Price Predictions. Bitcoin price predictions are immensely popular. A quick Google search for the term yields 377,000 results, an astounding number for a technology that gained mainstream recognition less than a year ago. Their soaring popularity stems from the fact that....
Tokenization of real-world commodities could drastically reduce trading costs, says one Swiss startup as it pilots a new non-fungible token system. A Swiss agricultural startup has piloted the use of a non-fungible token for cutting down the costs of trading grain. The system implemented by Swiss firm Cerealia SA sees the tokens reportedly backed by 30,000 metric tons of Mexican white corn.Although the Cerealia platform only facilitates two-way deals at the time being, an upcoming addition will allow for third-parties to trade and speculate on grain deals using the token. A digital system....
Trading was stopped this morning at the Polish Bitcurex exchange, according to a number of user reports and an official announcement posted to the service's Facebook page. The notice: Dear Users, We are working on resuming our service. We would like to inform you that your funds are secure - current shutdown results from safety procedures. We will soon provide you with further, more detailed information. Regards, Bitcurex Team. The move came just a while following a massive by on the exchange (being pegged at about 18,000 BTC), so there's a possibility this has something to do with the....
The SEC has confirmed it is taking action against SALT Lending after ruling the company's $47-million ICO was an illegal securities issuance.
The bitcoin-based financial services company Bitreserve is merging one of the newest innovations in currency with the world's oldest, TechCrunch reports. Through the institutional precious metals trading house Gold Bullion International, Bitreserve has created a new gold standard, linking its bitcoin currency exchange and payment services with gold. Now, using Bitreserve, customers can hold gold in their accounts and convert it to bitcoin to buy goods and services. Also read: Bitreserve is Open for Business. Bitreserve users fund their accounts in Bitcoin, which they can choose to convert....