BitCoin Update


One in every 10 bitcoin transactions in the world happens in India

One in every 10 bitcoin transactions in the world happens in India

In India, bitcoin is the people’s forbidden fantasy. About 10% of the world’s bitcoin transactions take place in India, Constantin Papadimitriou, president of Pundi X, told Quartz. The Indonesian company, which focuses on offline cryptocurrency sales, surveyed 3,000 respondents across India, Indonesia, Japan, Russia, the UK, and the US to understand the rise of alternative currencies among mainstream consumers.
You'll Soon Be Able to Buy Dallas Mavericks Tickets With Bitcoin

You'll Soon Be Able to Buy Dallas Mavericks Tickets With Bitcoin

The Dallas Mavericks will soon be accepting ticket payments in Bitcoin and Ethereum, says owner Mark Cuban.After a Twitter user asked the entrepreneur and Shark Tank star when fans will be able to purchase Mavericks tickets with Bitcoin, Cuban simply answered, “Next season.”
Bitcoin sinks below $10,000 and is now 50% off all-time high as cryptocurrency sell-off deepens

Bitcoin sinks below $10,000 and is now 50% off all-time high as cryptocurrency sell-off deepens

Bitcoin fell below $10,000 for the first time since November, as a sell-off in cryptocurrencies continued for a second day. The world's largest cryptocurrency dived as low as $9,199.59 Wednesday morning, falling almost 19 percent within 24 hours, according to CoinDesk data. CoinDesk tracks prices from cryptocurrency exchanges Bitstamp, Coinbase, itBit and Bitfinex. Bitcoin then recovered slightly to $10,123 at 11:56 a.m. ET.
Bitcoin, Ethereum and almost every other cryptocurrency is plunging

Bitcoin, Ethereum and almost every other cryptocurrency is plunging

Look away now if you own bitcoin or other cryptocurrencies. This won’t be breaking news to you if you are invested, but today has seen the entire crypto market fall by double-digit percentages.The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23 at the time of writing.
7 Crypto Predictions For 2018

7 Crypto Predictions For 2018

At time of writing, bitcoin attracts more attention from web searchers than everyday staples like “food,” “water,” and “coffee.” Given the rapid, seemingly uncontrolled growth in bitcoin prices as of late, we’d be remiss not to mention that bitcoin eclipsed “cancer” in worldwide search interest sometime in November 2017.
Bitcoin and almost every other cryptocurrency crashed hard today

Bitcoin and almost every other cryptocurrency crashed hard today

Bitcoin has been on a tear this past with the value of the cryptocurrency jumping from $8,000 to nearly $20,000. Well that run hit an abrupt end today as the price crashed as much as 23 percent on Coinbase. The price briefly dipped below $12,000 on some exchanges at around 7:30 am London time.
Coinbase hits top spot on Apple’s US App Store despite struggling to handle bitcoin demand

Coinbase hits top spot on Apple’s US App Store despite struggling to handle bitcoin demand

Ignoring recent price rises for a second, if you can — there’s no greater sign of bitcoin fever than an app that lets you buy the cryptocurrency becoming the most downloaded app in the App Store.That’s exactly what happened on Thursday when Coinbase, the $1.6-billion-valued company behind what is arguably the world’s best-known exchange for converting fiat into crypto, hit the top spot for free apps in Apple’s U.S.
Why is bitcoin’s price so high?

Why is bitcoin’s price so high?

Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Christmas?
Bitcoin tops record $19,000, then plunges in wild 2-day ride

Bitcoin tops record $19,000, then plunges in wild 2-day ride

Bitcoin rocketed above $19,000 for the first time on Thursday before falling sharply from its record high. || The digital currency hit a high of $19,340 before falling more than 20 percent from that level to $15,198.63. || The overall pace of gains have accelerated in the last several weeks ahead of the launch of bitcoin futures by major exchanges.
Winklevoss twins, 'Bitcoin Jesus' head the list of people getting very rich from the cryptocurrency

Winklevoss twins, 'Bitcoin Jesus' head the list of people getting very rich from the cryptocurrency

As bitcoin surges well above $11,000, the newly created wealth means some early investors have become digital multimillionaires in dollar terms. Winklevoss twins Cameron and Tyler are most prominent. In April 2013, the Winklevoss twins had $11 million in bitcoin at $120 a coin. That's a combined worth of just more than $1 billion with bitcoin near $11,700 this week. The brothers settled with Mark Zuckerberg in a dispute over Facebook's origins and went on to launch digital currency exchange Gemini Trust, which is now working with Cboe Global Markets on its bitcoin futures launch.


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