Bitcoin is closing in on its all-time high

Bitcoin is closing in on its all-time high Bitcoin is trading at its best level in a month. The cryptocurrency is up 2.8% at $1241.35 a coin and is within striking distance of its all-time closing high of $1277.65, which was set on March 6. Four days later, bitcoin put in a record high of $1327.19 before…

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Seven Reasons Behind Bitcoin’s Surge Towards $1300

Seven Reasons Behind Bitcoin’s Surge Towards $1300   Bitcoin price now appears to be shrugging off politics that have split the community as it looks to test the critical $1,300 mark yet again. Key Resistance Level at $1,300 BTC price is again coming within striking distance of the critical $1,300 mark, currently sitting at $1,250 at press time.  Back…

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Why banks should stay well clear of blockchain

Why banks should stay well clear of blockchain If the financial services industry is banking on blockchain as the basis for new service innovation, it will be sorely disappointed. Blockchain’s design principles are completely at odds with those of the industry, and the technology is fraught with flaws that could be catastrophic for financial institutions.…

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Ethereum Altcoin Dominance Continues

 Ethereum Altcoin Dominance Continues Ethereum (ETH) continues to easily hold the number-two market capitalization, far and above the next highest altcoins. Its volume traded, however, is quite handily surpassed by Bitcoin, and its only trading volume rival at the moment is Litecoin. Mining hash rate continues to push all-time highs almost daily, a strong sign…

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Bitcoin Trading at a Near $100 Premium on Bitfinex

Bitcoin Trading at a Near $100 Premium on Bitfinex Bitfinex is now trading at a significant premium from other western exchanges with such huge gaps usually not seen for more than a few hours due to the considerable arbitrage opportunities it offers. One bitcoin is currently trading at around $1,320 at Bitfinex, while on Coinbase…

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