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Author: Bitcoin Price

This Week in Bitcoin: Regulators Mount Up as Bitcoin Keeps Bubbling

Featured Welcome to the latest installment of This Week in Bitcoin stuffed with all the highlights and lowlights from the past seven days. In this edition: Korea, Korea, Korea, and a handful of stories that aren’t about Korea just for some variety. In the past week we’ve also experienced another all time high (what’s new) and no major hacks – and that is new. Since we started this feature one month ago, it’s the first time there’s been no large-scale thefts to report. Can you spell progress? Also read: Bitcoin’s Market Cap Surpasses the IMF’s Special Drawing Rights Reserves...

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Kik Ditches Ethereum “The Dial-Up” Cryptocurrency

Altcoins Ethereum is often promoted as the ultimate solution for decentralized apps, with some even claiming that it will be the substrate for developing all software in the future. This grand vision is in conflict with current reality however where ethereum now can’t even hold onto one of its biggest mainstream adopters, Kik. Also Read: Israeli PM Netanyahu Says Bitcoin Is Rising as Banks Are Destined to Disappear Kik Kicks Ethereum to the Curb Ted Livingston, founder and CEO of Kik Messenger, has revealed in his latest community Q&A that the Kin token will be switched away from ethereum....

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2018: The Year Central Banks Begin Buying Cryptocurrency

Eugene Etsebeth is a former central banker with the South African Reserve Bank. There, he notably chaired the virtual currency and distributed ledger working group. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. Behind closed doors, G7 central banks are sluggish traders that buy and sell the same foreign currencies, marketable securities, special drawing rights (SDR) and gold day in and day out. Central bank traders follow the investment policy enforced by the executive committees with specific asset allocation targets. In order of importance, the objective for foreign reserves trading generally is liquidity, security and returns (in...

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Bitcoin is Trading at a forty percent Premium in Africa , Here’s Why

Emerging Markets This week bitcoin surpassed $19, 000 on global exchanges, with the exception of one continent – Africa. Clients of the world’ s second largest and 2nd most populous continent were already paying that much per coin back in November. Prices at Africa’ s Golix. com exchange have already been 40% higher than the rest of the word for months. Now news. Bitcoin. com can reveal why. Also read:   European Union Terror Fears Drive New Crackdown on Bitcoin Across Member States Africa is Illiquid On November 15, it absolutely was revealed that Zimbabweans were paying $13, 500...

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Sell the News? Bitcoin Price to Test $20k Ahead of CME Launch

The upside move in bitcoin has gathered traction this weekend as investors brace up for BTC futures launch by the CME. As per CoinDesk’s Bitcoin Price Index (BPI), the world’s largest cryptocurrency by market capitalization rose to a new all-time high of $19,783.06 at 12:14 UTC today. Bitcoin (BTC) has appreciated by 10 percent in the last 24 hours as per the data source CoinMarketCap. A year ago, it traded below $1,000. The move towards $20,000 is in line with the bull flag breakout discussed last week. Prices moved above $16,000 in a convincing manner after the CBOE launched...

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