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Bitcoin Bursts By into Mainstream Media After Newest Worth Surge

Bitcoin Bursts By into Mainstream Media After Newest Worth Surge

Main media shops across the globe have had their heads turned by meteoric bitcoin (BTC) rise because the crypotasset rocketed up past the USD 18,000 mark.

And whereas crypto has remained a distinct segment topic for the mainstream – apart from uncommon and nefarious occasions such because the Mt. Gox trade collapse of 2014 and the crypto scam-themed Twitter hacks of earlier this yr – it has now erupted onto the pages of a number of the world’s largest newspapers, and grabbed the headlines at a number of the planet’s most influential information companies.

Right here is only a small pattern of how the world’s media powerhouses have reported on BTC’s newest rise, rising curiosity in the preferred cryptocurrency this week.

It is nonetheless removed from what the market skilled in 2017. Nonetheless, it can be argued that extra folks already learn about BTC now than three years in the past.

Now, again to the headlines.

British heavy-hitters such because the BBC reported on BTC’s “three-year excessive,” claiming that PayPal’s latest crypto transfer has helped the token towards “mainstream” acceptance. Newspaper The Telegraph additionally reported that PayPal’s choice was driving costs skyward.

Throughout the waters in France, Le Figaro jumped earlier, when BTC had hit the USD 17,500 mark, releasing an in depth report along side information company AFP. Newspaper Le Monde, in the meantime, credited the coronavirus pandemic with enjoying a key function in attracting a brand new technology of youthful BTC traders.

Germany’s Handelsblatt additionally coated the rise, however carried warnings from consultants who mentioned a value correction could possibly be on the horizon.

In Russia, state-run information company Tass took a chunk of the motion again on the USD 17,000 mark, with RIA Novosti additionally making word of the very best costs since 2017 in a latest report, along with reporting from Izvestia.

Numerous Arab-language shops carried a Bloomberg front-page article on the value rise.

And in Israel, main media outlet Globes additionally coated the story, including that the involvement of corporations like MicroStrategy – which has been shopping for BTC utilizing its stability sheet – and Jack Dorsey’s Sq., might have helped spur the value rise.

In Japan, extra conservative newspapers equivalent to Asahi Shimbum have run with a Reuters story in regards to the USD 17,000 breakthrough. And throughout the ocean to the west in South Korea, BTC costs are all around the mainstream media, with best-selling each day Chosun choosing up the USD 18,000 push, Seoul Kyungjae reporting on the very best costs since 2017, information company Yonhap falling in line and SBS CNBC doing likewise.

On the time of writing (14:44 UTC), BTC trades at USD 17,822 and is up by 4% in a day and 14% in every week. The worth rallied by 53% in a month and 118% in a yr.

BTC wants to leap by 13% to hit its all-time excessive of USD 20,000 reached in December 2017.
Study extra:
Crypto Adoption in 2021: Bitcoin Guidelines, Ethereum Grows & Faces Rivals
Over 100 Million Folks Maintain Bitcoin, Altcoins Globally – Report


Author: By admin

Bitcoin Daily: Bitcoin Climbs Above $18K

Bitcoin Daily: Bitcoin Climbs Above $18K

Bitcoin has continued to rise, hitting $18,172 Wednesday morning (Nov. 18), the first time the cryptocurrency has climbed above $18,000 since December 2017, CNBC reported.

It fell slightly, hitting 17,542.52 as of 3:39 p.m. Eastern Time. While the digital coin has been going through waves in its price point, some analysts and cryptocurrency fans said they think the trajectory is uphill. A Citi analyst earlier this month compared its movements to that of gold before its price surge in the 70s, PYMNTS reported.

Bitcoin has been on the rise in 2020 as it becomes increasingly more accepted by the mainstream payments industry. PayPal, for instance, added capability last week for all users to buy, sell and hold cryptocurrency in its app.

CNBC noted that the rise is also due to pressures put on traditional payment methods by the pandemic.

In other news, cryptocurrency exchange Liquid alerted its users in a blog post Wednesday that a “malicious actor” was able to gain control of several internal email accounts and access to Liquid’s files.

Liquid detected and contained the attack, which occurred Friday (Nov. 13), according to the post, and was able to “mitigate risk to customer accounts and assets.” The company confirmed in the post that while its customer’s assets are secure, personal contact information and encrypted passwords might have been compromised in the attack.

“We can confirm client funds are accounted for, and remain safe and secure,” the post stated. “MPC-based and cold storage crypto wallets are secured and were not compromised.”

The exchange will continue to investigate to determine whether personal know your customer (KYC) documents were compromised and is also in communication with the “relevant regulatory bodies,” according to the post.

Liquid encouraged customers in the post to change their passwords and two-factor authentication (2FA) credentials as soon as possible and to monitor credit reports and financial statements closely, and to report any suspected fraud.

“Once again, I apologize deeply for this humbling data breach and the loss of confidence that you may have,” said Mike Kayamori, co-founder and CEO of Liquid, in the post. “I assure you that we will be better and stronger and appreciate your continued support of Liquid.”

And, the Australian Securities and Investments Commission has charged John Louis Anthony Bigatton with one count of operating an unregistered managed investment scheme and one count of providing unlicensed financial services while allegedly acting as BitConnect Australia’s national promoter, according to an announcement.

ASIC has accused Bigatton of promoting the platform from August 2017 until its collapse in January 2018, the announcement stated. The commission has also charged Bigatton with four counts of making a false or misleading statement that affects market participation, alleging that he made these statements at four seminars where he was attempting to convince investors to apply for interests in BitConnect.

Bigatton has been banned from providing financial services for seven years, according to the announcement.


18 | November | 2020

18 | November | 2020

Apple’s most recent Mac update is causing major problems for one of Bitcoin’s oldest wallets.

The platform is a step forward in practical uses for Homomorphic Encryption, letting multiple actors conduct analysis while keeping the data encrypted.

The new funding allows Mintbase to hire developers and designers to prepare for a testnet launch on NEAR before year’s end.

Tokens could be included in a users traffic request, which would allow websites accessible through the Tor network to “intelligently prioritize which requests it answers.”

Bitcoin’s price is making gains not seen since back in 2017 while traders increasingly bet on ether’s December performance.

The associates are also barred from selling digital securities for five years.

Binance sued Forbes for defamation Wednesday over a story last month that purported to reveal regulatory evasion tactics.

DeFi’s novel flash loan products aren’t to blame for the recent string of exploits, industry leaders say.

From “Tulip Mania” to “the World’s Reserve Currency,” these valuation models show the full range of bitcoin’s long-term possibilities.

What cryptocurrency will become the main one in a year?

Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges.


Author: by adminbtc

Bitcoin rockets past $18,000. The all-time high is in sight

Bitcoin rockets past $18,000. The all-time high is in sight

Bitcoin prices continue to skyrocket and the cryptocurrency is now within striking distance of its all-time high from December 2017.

Bitcoin briefly surged above $18,000 on Wednesday, having passed the $15,000, $16,000 and $17,000 milestones in the past few days. The record high for bitcoin is just below $20,000. The total value of all the bitcoins in circulation is now more than $300 billion — also near an all-time high.

The cryptocurrency, which has more than doubled in value this year, has picked up steam lately for a variety of reasons.

Bitcoin, like gold, has benefited from a weaker dollar. Investors increasingly view bitcoin as a viable alternative to paper, government-backed currencies.

The dollar could remain in the doldrums for awhile — especially since most market experts expect the Federal Reserve to keep interest rates at zero for the foreseeable future.

“There is a lot stimulus happening globally,” said Rich Rosenblum of GSR Markets, a crypto trading firm. He noted that the devaluation of the dollar and other currencies could push bitcoin even higher.

Top investors like hedge fund managers Stanley Druckenmiller and Paul Tudor Jones have embraced bitcoin as an investment lately. Financial technology giants Square and PayPal are endorsing it as a viable form of payment.

“This bull run is different than 2017. We’re seeing adoption from major players,” said Alex Adelman, CEO and co-founder of Lolli, a bitcoin rewards company, in an email to CNN Business. “They’re all betting big on bitcoin as a safeguard against inflation, uncertainty, and the turmoils of 2020.”

Bitcoin bull Mike Novogratz, who runs crypto asset firm Galaxy Digital, told CNBC Wednesday that he thinks bitcoin prices could climb as high as $60,000 next year. And a strategist at Citi wrote in a report this week that it was possible for bitcoin to soar all the way to $318,000 by the end of 2021.

Still, bitcoin is not for the faint of heart.

The price has often soared and dipped — sometimes in a matter of hours or minutes — and is subject to mini flash crashes. Prices also plunged in March — along with just about everything else — when coronavirus ground the US economy to a standstill.

Some experts wonder if bitcoin will have trouble moving much higher from here given how explosive the current rally has been.

The $20,000 level could be a “psychological barrier,” said George McDonaugh, managing director and co-founder of cryptocurrency and blockchain investment firm KR1, in an e-mail to CNN Business.

McDonaugh said that some long-time bitcoin bulls, people known in the crytpo community as HODLers (which is either a misspelling of hold or acronym for “Hold On for Dear Life” depending on who you ask) may finally look to take some profits and sell if bitcoin passes the $20K milestone.

“Be warned…as we’ve seen so many times in the past, Bitcoin can surprise,” McDonaugh said.

The big pop in bitcoin has also benefited several publicly traded companies that are players in the cryptocurrency world.

Shares of Riot Blockchain, Marathon Patent Group and Overstock, the online retailer that owns blockchain investor Medici Ventures and cryptocurreency platform tZero, have all surged dramatically this month along with bitcoin.


Author: By CNN

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