Reuters: Bitcoin Price Likely to Scale Record Highs in 2016
In a Reuters article published today, bitcoin price is speculated to see a bullish spike in 2016 due to the upcoming halving of mining rewards, due to happen in July 2016. Bitcoin has had a memorable year. Wider adoption; increased trading; the Silk Road investigation with its corrupt agents and bitcoin auctions; a Russian Ponzi scheme operating in China; various economic factors in China; the recent 'unmasking' of Satoshi Nakamoto in the form of Craig Wright. Wall Street's fawning over blockchain technology while predictably ignoring bitcoin among other incidents have all been factors in....
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At 28%, this weekend's BTC price action was decidedly average compared to the cryptocurrency's run-up to 2017 all-time highs. Bitcoin (BTC) may have dipped 28% in recent days but analysts have already put the scale of the losses firmly in context. As noted on Jan.12 by Nathaniel Whittemore, host of The Breakdown Podcast, the period between 2016 and 2017 alone saw a grand total of six corrections that were larger than this week's drawdown.BTC price correction bows to 20172017 is famous among market participants as being a record-breaking year for price action. In addition to 1,000% annual....
The month of July saw a high number of bitcoin transactions in Venezuela with August achieving a new record high as more people turn to the digital currency as the country continues to tackle the inflation of Bolivar. Venezuela is a country that is blighted by hyperinflation. According to the International Monetary Fund (IMF), Venezuela is projected to remain in a deep recession in 2016. Compared to contraction rate of 5.7 percent in 2015, 2016 saw a rise of 8 percent. Political uncertainty and the decline in the price of oil are factors affecting macroeconomic imbalances and pressures.....
Volatility has stayed relatively low through bitcoin’s slow march toward record highs.
The recent highs struck by the Bitcoin price goes hand-in-hand with the largest ever amounts of the cryptocurrency traded. The price of Bitcoin has been on a wild surge lately and recently struck a year-high of $502 on November 4th before the unpredictability saw prices take a dip this past week to a price of $363.88 at the time of publishing. While Bitcoin pricing remains indecisive, it's significant to note that Bitcoin trading volume reached record highs in a period that saw the largest volume of bitcoins traded. Ever. The Numbers. As Bitcoin price surged to reach a then-year-high and a....
Thomson Reuters has been added to the bank-backed R3 blockchain consortium which has been working to design and deliver advanced distributed ledger technologies DLTs to the global financial markets. Thomson Reuters is the first major data and technology provider to join the group of more than 55 banks and other financial institutions. The data company runs currency trading platforms FXall and Thomson Reuters Matching. The total average daily volume of foreign exchange trading across the two platforms totaled $394 billion in June. Exploring the Blockchain in Trade Finance. Thomson Reuters....