Bitcoin Price Hits $10,000

Bitcoin has finally surmounted the greatest psychological barrier of all, passing $10,000 and showing no signs of stopping.
The year has been filled with major announcements that signal the widespread acceptance and growth of Bitcoin. Extensive coverage by mainstream analysts was followed by huge growth in Bitcoin hedge funds and institutional investors.
Now the launch of regulated futures markets is imminent, and Bitcoin has become the investment du jour of the financial community.

Ethereum Price Achieves New All-Time High at $415

On November 23, the price of Ether, the native cryptocurrency of the Ethereum network, achieved a new all-time high at $415. With its recent surge in price, the market valuation of Ethereum has moved closer to the $40 billion mark, a market cap that is larger than seven of the 10 largest cryptocurrencies in the market combined, with the exception of bitcoin and Bitcoin Cash. Read more on Cryptocoin News (link)

Bitcoin Nears $7,900 to Hit New All-Time High

After the announcement from CME Group offering it’s clients Bitcoin futures already next month, Bitcoin’s value reached a new record high of 7995 USD. 
Bitcoin has been praised as the ‘digital gold’ and the announcement of CME Group joining the crypto investment community only shows that now is the time to invest in crypto currencies.

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Read more on CoinDesk (link)

Bitcoin is the New Digital Gold: Have You Invested in Bitcoin Already?

[…]While upgrades have been made to Bitcoin along the way, it looks like Bitcoin is becoming less of a payment network and is instead evolving into digital gold. […]The currency has now effectively evolved into an entirely new type of asset for investors to get excited about.

Progress has been made in advancing its investability with the announcement of futures, and the backing of a number of Wall Street investors, but when it has come to its retail adoption and bettering as a payment method things have been sluggish.

Read more on The CoinTelegraph (link)

BITCOIN NEWS UPDATE

The end of last week saw Bitcoin hard fork update SegWit2x being postponed, Bitcoin price surging past the 7800 USD mark and then dropping to below 6000 USD, now regaining some of that value (currently BTC is valued just over 6300 USD).

So what does this mean for Minersale users?

1) As Bitcoin price has significantly dropped for the moment, the daily mining payout sum in USD has seen a sudden drop over the past 4 days.
We would like to remind that payouts are expressed in USD only for giving a forecast. All payouts are in crypto currencies not in USD, therefore it is more accurate to follow your earnings in crypto currencies.
You can check your earnings in your account ‘Balance’>’Wallet Balance’ table in the 2nd column that shows earnings in crypto currency.

2) Due to Bitcoin’s high demand, scalability issues and hard fork cancellation, Bitcoin wallet-to-wallet transactions are slower over the blockchain.
Therefore for important transfers we recommend to choose priority fees offered by your crypto wallet. If regular transaction fees are chosen, there is a possibility that the transfer takes from a few hours to days to get completed. We recommend to choose priority fees for transfers until Bitcoin developers provide a better technical solution. Priority fees enable users to transfer sums max until 2 hours time.
We will keep you posted on further developments!
Have a good Mining Day! 

Bitcoin Price Achieves New All-Time High at $7,598; Why is the Market So Optimistic?

Once again, the bitcoin price has achieved a new all-time high at $7,598 on November 5, as the market continues to be optimistic about the mid-term performance of bitcoin.

Investors in the US are also optimistic in regards to the launch of a bitcoin futures exchange by CME and CBOE, the two largest options exchange both domestically and internationally. CME’s bitcoin integration is expected to offer immense liquidity for institutional and retail investors, who have been looking to allocate their “money on the sidelines” into bitcoin for many months.

Read more on Cryptocoin News (link)

Bitcoin Price Gains Continue with Record High Just Shy of $7,000

Bitcoin prices have continued to climb overnight, building on consecutive highs in recent days and ultimately reaching a new all-time high close to $7,000.

At 07:00 UTC, bullish bitcoin trading saw the cryptocurrency soar to a peak of $6,994.01, having opened the session at $6,750. At press time, the price of a bitcoin is $6,939, according to CoinDesk’s Bitcoin Price Index – a 2.8 percent gain for the day so far.

 As per CoinMarketCap, bitcoin is up over 20.56 percent for the last 7 days, and its market capitalization has now peaked at over $116 billion.

Read more on Coindesk (link)

Singapore Will Not Regulate Cryptocurrencies, Singapore Official Says

Recently during an interview with Bloomberg, an official of Monetary Authority of Singapore (MAS), which serves as the central bank and financial regulator of Singapore, said that MAS has no plans of regulating crypto currencies. The central bank will keep “an open mind,” though the official also stated the necessity of establishing anti-money laundering control in the future.

With “an open mind,” Singapore could be one of the most important countries for the development of Blockchain technology. It also has the potential of being the hub of Blockchain technology in the future.

Read more on The CoinTelegraph (link)

From Thailand to Malaysia: Southeast Asian Governments Embracing Blockchain Technology

“Some of Southeast Asia’s blockchain pilots have remained below the radar in Europe, the Far East and North America, there are signs that not only IT pioneers, but also policy makers and industry leaders are now getting on board – and foreseeing ways of harnessing the power of decentralized ledger-based systems.

Blockchain is still in its earliest stage of development in Southeast Asia, but – especially in Thailand – there is a true sense of belief that the technology could change the way the whole region does business.”

Read more on CryptoInsider (link)

Bitcoin's upcoming hard fork on 25th October

It looks as if Bitcoin will experience at least two more “coin-splits” soon, which (more accurately) will result in the creation of new coins. On October 25, Bitcoin Gold (Bgold) will split off from Bitcoin to create an ASIC-resistant cryptocurrency. A few weeks later, a significant group of Bitcoin companies wants to hard fork according to the SegWit2x plan as defined in the “New York Agreement” (NYA), which will probably result in yet another new coin.

Read more on Bitcoin Magazine (link)

Publisher: Bitcoin Magazine/13.10.2017/ by Aaron van Wirdum