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Bitcoin Powers To Record $14,000 As Futures Contracts Near

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Bitcoin achieved yet another milestone further affirming its credentials as the most popular and volatile cryptocurrency in the world. Its price rose to record highs of $14,000 after beginning the year at less than $1000. The surge brings bitcoin market capitalization to more than $217 billion after a 1,600% surge for the year.

The recent rally follows an increase in institutional funding as most of them take up positions after missing out on the initial rally. Crypto hedge fund manager, Alex Sunnarborg, attributes the recent rally to the fear-of-missing-out, as longtime market observers and new investors jostle for positions.

Trading volume has also increased in the recent past as South Korean exchanges continue to trade well above the rest of the market.

Futures Market Talk Impact

The cryptocurrency remains well positioned for more gains, ahead of its debut in Future products next week. The futures market is poised to give deep-pocketed investors who had previously been barred from the market, an opportunity to play a role in the rally.

The Chicago Mercantile Exchange’s is set to launch Bitcoin futures on December 18 as Chicago Board options Exchange prepares to launch its own on, on December 10. NASDAQ is looking at introducing Bitcoin Futures sometime next year.

Bitcoin uptrend is not expected to cool anytime soon as bullish investors try to get in, before institutional investors find a way of driving the digital currency even higher. There is already talk that a Bitcoin exchange trade-fund could be in the offing as more investors enter into bitcoin futures contract.

“The idea is futures will add ETFs which will bring institutional money and further demand,” says Charles Hayter, CEO of CryptoCompare.

Subsiding Fears

Fears that once rocked the popular cryptocurrency have significantly dropped if sentiments by institutional investors who had been on the fence is anything to go by. Bitcoin’s hard forks that upgrade the cryptocurrency underlying software were a point of concern as it was feared they would divide the currencies support base.

Contrary to initial fears, forks have all but strengthened bitcoin’s support base. This is because each fork has always resulted in bitcoin users receiving an equal number of the new cryptocurrency in addition to their siting holdings. For instance, the hard fork that created bitcoin cash resulted in users receiving one bitcoin worth over $500.

Given that more hard forks are expected in future, some investors believe the cryptocurrency is destined to continue rising. However, there are those that are still on the fence given the many uncertainties at hand.

Wells Fargo, while in support of the underlying technology supporting bitcoin, remains skeptical about the crypto currency’s long-term future. The financial institution remains wary of the assets security as well as volatility and regulation that might come into being.

We will be updating our subscribers as soon as we know more. For the latest updates on Bitcoin, sign up below!

Image courtesy of Chad Horwedel via Flickr

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Bitcoin

Trusted Crypto Tumbler To Protect Your Wealth

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Back when Bitcoin originally emerged, over 11 years ago at this point, cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth.

Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues.

However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist.

In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers Continue Reading

Bitcoin

5 Best Places to Bet with Bitcoin

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It seems like BTC is always making headlines for one reason or another.

When the market points towards bullish behavior Bitcoin is all the rage. When there is so much long action (going on right now) and then the price plummets, BTC also dominates the headlines. The same goes for legislation and when any new crypto product or platform comes out. It’s always compared against BTC.

So with BTC fever in full swing, sportsbooks around the world have adopted digital currencies as one of their main forms of funding accounts and paying out winnings. And with sports betting legalized in states across the USA, both BTC and legal online gambling are in the limelight. 

But where are the best places to bet using BTC and other cryptos? Furthermore, why would you want to use BTC, LTC, or Ethereum in this manner?

The Why

The principal reason why you would want to use cryptocurrencies in your ‘sports investing’ ventures is speed, cost, security, and bonuses.

When you use cryptos like BTC (BTX) to move money in and out of your account. You bypass the standard centralized banking system which drastically improves on both the speed of the transaction and the cost of the transaction – this is especially true with payouts. 

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Bitplaza Inc Introducing Cryptocurrency to Retail

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Even though influential companies are not ready to validate cryptocurrencies as a stable form of money, Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe.

Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the…

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