Category Archives: Cryptocurrency

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Branson extols virtues of bitcoin and other cryptocurrencies as markets slide(IBTimes UK)

The price of bitcoin has dipped back below $400 following its remarkable surge mid-week that saw its value rise as high as $454.

The drop has resonated across the cryptocurrency markets, with litecoin, dogecoin, peercoin, darkcoin and namecoin all falling by between 7% and 12% over the last 24 hours.

Invulnerable to such market movements has been cryptonite. The Superman-themed cryptocurrency rose in value by over 200% since yesterday to take its market cap up towards $100,000.

Serial entrepreneur Richard Branson has extolled the virtues of bitcoin and other cryptocurrencies in a new blogpost ahead of the Global Digital Currency Conversation (GDCC) in Australia this weekend.

In his post titled 'How digital currency could transform the world', Branson describes his reasons for investing in bitcoin and why he believes in its potential to bring greater levels of control, freedom and scrutiny over money.

"I have invested in Bitcoin because I believe in its potential, the capacity it has to transform global payments is very exciting," Branson said.

"It has been obvious to us all for quite some time that people aren't satisfied with the business as usual approach adopted by the major payment networks.

"Through making investments in the likes of Square and Blockchain, I hope to be a part of what could be a democratisation that helps to put more power and control back into the hands of the everyday citizen."

An identity provider that uses blockchain technology to create a decentralised identity protocol has announced a roadmap to push forward its social solution.

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Cryptocurrency Round-Up: Markets Slide as Richard Branson Backs Bitcoin's Revolutionary Potential

Eobot how to change your cryptocurrency preference - passive income
All registered users are able to mine with cloud-based GHS as well as trade cloud-based GHS for BTC according to the market price. Free Sign Up: https://cex....

By: Martin Senigla

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Eobot how to change your cryptocurrency preference - passive income - Video

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Bitcoin and other altcoins see remarkable upturn in fortunes, climbing 15% to 20% in 24 hours(IBTimes UK)

The price of bitcoin and other major cryptocurrencies have seen significant gains over the last 24 hours.

Bitcoin's market cap topped $6bn (3.8bn) at one stage, as a market-wide surge saw the price of one bitcoin rise by more than $90 since yesterday.

Litecoin, often referred to as silver to bitcoin's gold, has risen by 20% since Tuesday, while meme-inspired cryptocurrency dogecoin rose in value by around 15%.

Bitcoin's remarkable recovery follows several weeks of steadily declining prices that saw its value fall to as low as $305 in October.

The price of bitcoin has reached its highest levels since September(CoinMarketCap)

It is difficult to pin the upturn on one single factor, though analysts have suggested it could be as a result of recent positive media coverage combined with bitcoin being oversold.

"It's increasingly clear in this current run-up that bitcoin is oversold, with a great many more investors bullish long term and seeking the right entry point than short-term traders running out of coins to sell,"Michael Terpin, co-founder of BitAngelsand creator of the CoinAgenda conference, told IBTimes UK.

"I predicted during Money 20/20 that we could go as high as $600 by year's end and I'm sticking to that prediction."

A new way to encourage mainstream adoption of cryptocurrencies like bitcoin and dogecoin has been devised by a London startup.

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Cryptocurrency Round-Up: Bitcoin, Litecoin and Dogecoin Prices Rocket

Storj: Decentralized Cloud Storage - Pitch
Storj is an open-source, decentralized, cloud storage platform. It is based on the cryptocurrency Bitcoin #39;s (BTC) blockchain technology and peer-to-peer protocols. The Storj network uses its...

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EARN 5000 RS A WEEK - CRYPTOCURRENCY BITCOIN/DOGECOIN
I WILL TEACH YOU GUYS HOW TO EARN 5000RS A WEEK. AND WHAT IS CRYPTOCURRENCY.

By: Rahul Rauniyar

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EARN 5000 RS A WEEK - CRYPTOCURRENCY BITCOIN/DOGECOIN - Video