Economy

Bitcoin Stages Massive Rally En Route to New Highs

Bitcoin Stages Massive Rally En Route to New Highs”

Buying cryptocurrency is not as easy as you might think. "Bitcoin Gold" is the second proposed fork, one that essentially shifts bitcoin mining away from ASIC servers, those that use custom application-specific integrated circuits, and shifts the process of mining bitcoin back to graphics processing unit chips again.

Coinbase, a San Francisco-based cryptocurrency exchange, has recently announced in company's official blog that its customers will now be able to purchase Bitcoin, Litecoin and Ethereum instantly from U.S. bank accounts.

Customers are now allowed to buy up to $25,000 and receive access to their digital currency immediately.

As bitcoin surged to all-time highs Friday, a key announcement from a major USA -based digital currency exchange could be a driving factor.

Grayscale's Bitcoin Investment Trust (GBTC), whose shares are the first publicly quoted securities exclusively invested in bitcoin, rose 9.7% on Thursday to reach $685.50.

Others are pointing toward Japan as a likely cause of bitcoin's price rise, with Forbes attributing it to "a surging interest from Japanese investors and signs that proclaimed crackdowns in Russian Federation and China will not be as severe as feared". The bitcoin exchange will gradually expand this feature to customers with US bank accounts, enabling them to place orders of up to $25,000 once they have completed all verification requirements.

Strategic Coin is your go-to source for cryptocurrency investment research and education. It also takes longer than you might expect, which is a problem when you want to take advantage of an opportunity in this market as quickly as possible.



Like this

Latest


16 October 2017
Leicester vs West Brom
Leicester now sit in 18th place after a challenging start to the new season facing both Liverpool and Manchester United already. It's the lowest goals-per-game average of any manager to have been in charge of at least 150 Premier League matches.

16 October 2017
Jets can't overcome Patriots, controversial call
That play was crucial, though, because Brady's deep heave for Phillip Dorsett was intercepted by a leaping Skrine. McCown hit Robby Anderson for a 32-yard gain on a fourth down, but the drive sputtered after that.

16 October 2017
Be The Ninja Master With Next "Street Fighter V" DLC Character
Zeku is a brand new character joining Street Fighter V at the end of the month, bringing a whole new playstyle to the series. Capcom is yet to confirm when it's going to release the third season of DLC for Street Fighter 5 .

15 October 2017
Marcus Mariota questionable to play against Indianapolis Colts this week
Mariota was able to participate in team reps during Friday's practice. The current-Tennessee Titans quarterback and former St.

15 October 2017
Insider Activity - First Industrial Realty Trust, (NYSE:FR)
Waterfront Capital Partners Llc decreased Ramco (NYSE:RPT) stake by 257,588 shares to 623,700 valued at $8.05M in 2017Q2. Neuberger Berman Group LLC grew its position in shares of First Industrial Realty Trust by 15.4% in the first quarter.

15 October 2017
Intuit Inc. (INTU) Position Decreased by Davenport & Co LLC Last Quarter
In related news, EVP Henry Tayloe Stansbury sold 1,783 shares of Intuit stock in a transaction dated Wednesday, September 27th. The software maker reported $0.20 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.03.

15 October 2017
Institutional Investors Lead Shift in Herbalife LTD (NYSE:HLF) Sentiment
Parametric Portfolio Associates LLC owned 0.26% of Herbalife LTD. worth $17,568,000 as of its most recent filing with the SEC. Russell Investments Group Ltd. acquired a new position in shares of Herbalife during the fourth quarter worth $364,000.

15 October 2017
Police search for driver of stolen SUV after 3 vehicle crash
The 59 year old driver of the Honda was rushed to Jamaica Hospital in very critical condition, according to authorities. The young passengers, ages 8, 7 and 4, were not hurt but were taken to the hospital out of precaution, police said.

15 October 2017
No. 11 Miami escape Georgia Tech on late FG
Onside kicks to open the second half of a close game that then get returned for touchdowns by the other team are just stupid. Miami trailed Georgia Tech 14-13 at halftime and had to kick off to start the third quarter.

15 October 2017
Norris Perne & French LLP MI Purchases 12236 Shares of Starbucks Corporation (SBUX)
Also, Director Jorgen Vig Knudstorp bought 18,000 shares of the company's stock in a transaction dated Friday, August 4th. BidaskClub upgraded Starbucks Corporation from a "sell" rating to a "hold" rating in a report on Tuesday, August 1st.



Recommended