Bitcoin

South Korean Government Sets Aside $880m for Blockchain

South Korean Government Sets Aside $880m for Blockchain

South Korea’s government has ringfenced $880 million in its annual budget next year, to invest in high-innovation technology – particularly the blockchain. In a release issued on Tuesday, the country’s deputy prime minister Kim Dong Yeon hosted a meeting Monday (Aug 13) to lay out South Korea’s investment roadmap for the next five years. The figure allotted …

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A Big Win for Bitcoin: U.S. Investors Tired of Waiting for a Bitcoin ETF Now Have Easy Access to Something Almost As Good

A Big Win for Bitcoin: U.S. Investors Tired of Waiting for a Bitcoin ETF Now Have Easy Access to Something Almost As Good

On Wednesday (15 August 2018), an “F share” (ticker: CXBTF) became available for “Bitcoin Tracker One”, an exchange-traded note (ETN) that tracks Bitcoin (BTC/USD), and is issued by Swedish company “XBT Provider”, a wholly-owned subsidiary of UK company Global Advisors (Holdings) Limited. This Bitcoin ETN trades on Nasdaq Stockholm (Stockholm Stock Exchange). Although this is a non-U.S. security, being available as a F share …

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Crypto Market Recovers to $210 Billion, Tokens Surge as Ethereum Rises 4%

Crypto Market Recovers to $210 Billion, Tokens Surge as Ethereum Rises 4%

In the past 24 hours, despite the strong downtrend of major cryptocurrencies, the crypto market demonstrated a quick recovery from this week’s losses. On August 14, as the BItcoin price dipped below the $6,000 mark, the valuation of the crypto market plummeted below the $200 billion mark. At its lowest point of this year, the …

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Bitcoin Price Prediction: BTC/USD is set for a comeback, after formation of bullish pin bar on the daily candle

Bitcoin Price Prediction: BTC/USD is set for a comeback, after formation of bullish pin bar on the daily candle

Bitcoin price made a strong advance on Wednesday, jumping as much as 7% in the session. A bullish pin bar candlestick can be seen on the daily time frame for BTC/USD, indicating of a potential reversal.   The Bitcoin price made a strong rally on Wednesday, gaining as much as 7%, as the crypto market across the board saw …

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The Longer-Term Case For Investing In Ripple

The Longer-Term Case For Investing In Ripple

Summary Ripple has long been tied to other big cryptos (BTC, ETH) but with this bear market may deserve its own and distinct classification. Its road to value is different than the others; and it’s been making interesting strides to achieve this. At 25 cents per XRP-USD, there’s a compelling long-term case for interested parties …

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What Is Cryptocurrency? A Simple Guide

What Is Cryptocurrency? A Simple Guide

Wondering if it’s the right time to break into the cryptocurrency market? That makes sense, especially since there never seems to be a clearly perfect moment. The journey cryptocurrency owners, especially ones who have been there since the beginning, have been incredibly rocky. Look at Bitcoin. It stagnated as an almost worthless investment before skyrocketing to …

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Bitcoin, Ethereum Tumble as Crypto Bear Market Lingers

Bitcoin, Ethereum Tumble as Crypto Bear Market Lingers

Bitcoin, Ethereum tumble as crypto bear market lingers NEW YORK, Aug 14 (Reuters) – Bitcoin dropped to an eight-week low on Tuesday, while Ethereum, the second-largest cryptocurrency in terms of market value, sank to a more than one-year trough as they continued their bearish trend, undermined by a strong U.S. dollar and global tensions related …

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What Caused Crypto Markets To Dump $30 Billion And Hit A New 2018 Low

What Caused Crypto Markets To Dump $30 Billion And Hit A New 2018 Low

This year has not been a bright one for cryptocurrencies. The fervor at the beginning of 2018 has dissipated into a shroud of despair towards the end of it. As markets continue dump, new lows are being made leaving us wondering when it will reach the bottom. Over the past 24 hours cryptocurrency markets have …

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