Bitcoin Surges Fast Forward On Many Fronts Heading Into 2016
Bitcoin’s growth since its 2009 launch has not formed a solid, straight line. But the upward movement continues, and those who question its continuance will have a hard time justifying their doubts in the face of a graphic overview prepared by Coupofy.com, a Bali, Indonesia-based digital marketing concern that provides online coupons for retailers. Bitcoin is moving from an investment commodity to everyday use, according to Coupofy.com. But this was only one of several positive findings about bitcoin’s future that Coupofy.com illustrated in 33 charts provided to CCN.
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The Swiss parliament has made a lot of headway since lawmaker Jean Christophe Schwaab first asked to look into cryptocurrencies back in September. Just three months ago, Schwaab was on record as describing Bitcoin as something for “geeks, criminals and special police units.” Fast forward to this week: Schwaab himself was among 45 Swiss parliament members who signed a proposal, or postulate, that would treat Bitcoin as a foreign currency. This could be a big step forward in legitimizing Bitcoin in Switzerland and Europe. Ultimately, it would allow the Swiss banking sector substantial peace....
The final week of 2015 brought exciting indicators for bitcoin and the blockchain heading into 2016. Price stabilization, venture capital investment, financial institutions’ investment and bitcoin’s ability to enhance cross-border payments all paint a positive future for the new year, despite the challenges of cryptocurrency’s association with illegal activity and the uncertain impact of regulatory initiatives. Another positive sign was the increasing attention from major financial media such as Forbes, Fortune and The Wall Street Journal. Fortune carried a feature summarizing both the....
Many participants at the Revolution Banking 2016 event in Spain were interested in the Blockchain technology, which resulted in a lively discussion during the event Where is the blockchain heading? Whether the distributed ledger technology really has the potential to solve the issues currently faced by the banking and financial sector? These were some of the topics discussed in the last month’s Revolution Banking 2016 summit, which happened in Madrid, Spain on the 10th of May 2016. Revolution Banking 2016 was an event focused on new technologies, innovations, and collaborations in the....
As Bitcoin price continues to enjoy an upward thrust, Ethereum, Ethereum Classic and Monero continue to struggle. Bitcoin is heading towards clear blue skies. A 12.5 percent appreciation of the digital asset over a period of one week is no joke. While it is good news for Bitcoin, the same can’t be said for other promising cryptocurrencies. Ethereum. Ethereum has been having its fair share of problems even before the increase of Bitcoin price. Under sustained attack, transactions on the Ethereum network almost came to a standstill, with each transaction taking hours if not days for....
Here's a look at what we are focusing on in the bitcoin price this morning. So let’s get things kicked off this morning. The week has been slow so far and we’ve not had too much action to go at. This isn’t too much of a big deal, as we’re still riding the wave of last week’s gains, and we don’t want to rush in to any trades and get chopped out of the markets prematurely. Last night we noted that the choppy action was a bit of a concern, given that price had trended pretty flat (albeit with a slight downside bias) throughout the afternoon session, and that the low volume might make for....