Bitcoin Nears $900 Days Before Trump’s Swear-In; Monero, Dash, Steem Grow Too
Ahead of the Friday, Jan. 20 swear-in of US President-Elect Donald Trump, the price of Bitcoin has started picking up from its recent slump. For the first time since the drop or correction in price following the People’s Bank of China’s onsite inspection of key Bitcoin exchanges in the country - taking a dip as low as $755 - the price has followed an upward trend that has seen it rise to the $895 range according to coinmarketcap.com (though it now sits at $883 at the time of writing). Whether this is connected to the Asian stocks and the pound that sagged on Tuesday, as investors await....
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Steem is next in line to be at the second spot if the cryptocurrency market remains as it is today in coming months. The digital currency behind Steemit decentralized social media platform, which rewards posters and voters online, overtook The DAO to be the world’s fifth most valuable cryptocurrency following its 1000% plus growth in the days following Steemit’s first cryptocurrency payout on July 4. Steem’s rise. As of July 3, according to figures from coinmarketcap.com, it was on the fifteenth spot with market cap of $15,009,110 and a 24 hour trading volume of $8,351. Lisk, Monero, Nxt,....
In a major price surge, Dash has nearly doubled market cap over the last month, overtaking Litecoin and Monero to become the fourth most valued cryptocurrency. This week one year ago, Dash was the #7 ranked cryptocurrency with a market cap of about $23 mln. This number grew steadily over the course of the year, finishing out the year with a market cap of $69 mln and maintained #7 ranking. Over the course of 2017 so far, however, Dash’s growth has significantly picked up steam, exceeding $100 mln over January. This month Dash has risen to a nearly $200 mln market cap, currently with a value....
As of today, zcash, monero and dash won’t be included among Bittrex’s tradable assets.
Bitcoin could soon come to the rescue of millions of Mexicans if the Trump administration’s proposed crackdown on remittances becomes law. Digital currency exchanges in Mexico are thriving and ever-increasing trade is being witnessed. As early as May, the President-Elect’s campaign signaled its intention to stop more than six mln undocumented Mexicans in the U.S. from sending money home. Informal economy for remittances. The remittance funds kept in the U.S., as Bloomberg points out, would be tantamount to making Mexico pay for Trump’s long-touted border wall. “I would risk stuffing money....
Privacy-centric cryptocurrency Monero (XMR) has been making waves in the community as of late. Most recently, it has been revealed that the digital currency will be used by leading Dark Net Markets. Oasis & Alphabay Will Implement Monero. According to a recent Reddit post on the Dark Net Markets (DNM) forum, Monero will be used by the Alphabay and....