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24 Jun 0

Bitcoin price rise again thanks to the Brexit

United Kingdom Flaf
After reaching a low of $550 during the week, the bitcoin price rose again reaching a high of $650 today.
Although it was normal to see a correction after the fast climb of the previous weeks, the bitcoin price probably fell also because of the “Bremain”, or the possibility of UK to remain into the EU.
This volatility has a main reason: Brexit and Bremain.
When it seemed that England would remain in the European Union the bitcoin price fell immediately.
Conversely, now with the official news of the Brexit, the Bitcoin price is finally starting to rise again.

Brexit and Bitcoin price rise

Yesterday England had to vote for a referendum in which voters had to decide if their country should remain (Bremain) or leave (Brexit) the EU.
When the official news of 54.4% votes for the Brexit arrived, the Bitcoin price increased from $560 to $655.
This phenomenon is probably due to the fear led by the volatility in the fiat currency and traditional markets.

5 reasons why Bitcoin price rise

Few days ago we talked about the causes of the Bitcoin price rise.
Among these we quoted the Brexit, and in fact it seems to be confirmed by the market movements.

Universal Wallet

If you want to store your Bitcoin in a safe and secure way, you should open your wallet on HolyTransaction.com 
On HolyTransaction you can store your Bitcoin but also other digital currencies such as Peercoin, Dogecoin and more.
Usually if you want to store different kinds of cryptocurrencies you need to open several accounts.
With HolyTransaction we changed this method, as you can store your different coins in an only wallet, with a single login.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Read more
Satoshi
Bitcoin price rise again thanks to the Brexit
24 Jun 0

Bitcoin price rise again thanks to the Brexit

After reaching a low of $550 during the week, the bitcoin price rose again reaching a high of $650 today.
Although it was normal to see a correction after the fast climb of the previous weeks, the bitcoin price probably fell also because of the “Bremain”, or the possibility of UK to remain into the EU.
This volatility has a main reason: Brexit and Bremain.
When it seemed that England would remain in the European Union the bitcoin price fell immediately.
Conversely, now with the official news of the Brexit, the Bitcoin price is finally starting to rise again.

Brexit and Bitcoin price rise

Yesterday England had to vote for a referendum in which voters had to decide if their country should remain (Bremain) or leave (Brexit) the EU.
When the official news of 54.4% votes for the Brexit arrived, the Bitcoin price increased from $560 to $655.
This phenomenon is probably due to the fear led by the volatility in the fiat currency and traditional markets.

5 reasons why Bitcoin price rise

Few days ago we talked about the causes of the Bitcoin price rise.
Among these we quoted the Brexit, and in fact it seems to be confirmed by the market movements.

Universal Wallet

If you want to store your Bitcoin in a safe and secure way, you should open your wallet on HolyTransaction.com 
On HolyTransaction you can store your Bitcoin but also other digital currencies such as Peercoin, Dogecoin and more.
Usually if you want to store different kinds of cryptocurrencies you need to open several accounts.
With HolyTransaction we changed this method, as you can store your different coins in an only wallet, with a single login.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Read more
Amelia Tomasicchio
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6 Feb 0

Glasgow digital currency: hope or reality?

Soon many cities around the world will issue their own digital currency.

According to Pavel Bains, in fact, within the next 10 years we’ll see the first city that have its own digital money and that is separates from the national fiat currency.

The Blockchain Role

This could be the right time for cities to exploit the blockchain and adop their own currency.

But for a new digital currency to be adopted quickly it needs the following characteristics, according to Bains (and we tent to agree with him):

  1. Cheap: fiat currencies are very expensive to produce, manage and distribute. Conversely, a digital currency deletes all those costs and can easily be distributed;
  2. Secure: as it is digital, cryptographic and based on pure algorithms, the chance of forgery or distrust is removed;
  3. Safe: a digital currency can be backed by other assets like gold, treasury bills, foreign exchange or equities, just like fiat money;
  4. Usable: cities such as Stockholm are going purely digital, so a digital city currency could be massively adopted quickly.

The newest Glasgow digital currency

Bains is pretty sure that the first city to adopt a digital currency will be Glasgow.

This because the Scottish city failed to benefit from the England pound and it came close to a recession back in 2015.

Also, Brexit opened a real issue for Scotland’s future with the potential loss of trades. Demand for Scotland’s products is already declining: in that year there was an 11% drop in exports compared to 2.7% for the UK and with Brexit the situation can only get worse.

But Glasgow has the right tools to adopt its own digital currency. These the major reasons according to Bains:

  1. It has the regional size and population: this could make the difference compared to smaller cities such as Dundee;
  2. It has a high record of academia, government and business working together. This unity could be great to manage a new-born digital currency
  3. Glasgow has a thriving financial base, moving to 74th in the world for financial centers and this demonstrates the city has a good base and an educated population to operationalize the new digital currency system.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Amelia Tomasicchio
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3 Jan 1

Cryptocurrencies 2016: Bitcoin Alternative charts

Today we want to talk about Cryptocurrencies 2016, as the just ended year has been very exciting for several digital currencies and not only for Bitcoin.

A lot of major open-source currencies, in fact, showed a good growth during 2016 and we hope to see significant expansion in 2017.

Below you’ll read charts of the excited cryptocurrencies 2016, during a period between December 27, 2015 to December 26, 2016.

Source: Coindesk.com

Bitcoin

Market Capitalization (Beginning of Year): $6,161,215,794
Market Capitalization (End of Year): $14,590,356,108
Price (Beginning of Year): $411.99
Price (End of Year): $908.17
Price (Annual High): $909.94

For sure Bitcoin is the king of cryptocurrencies 2016, if we talk about value.

It is the oldest blockchain-based asset as today (January 3rd) it celebrates its 8th anniversary: the genesis block was generated on January 3rd 2009.

While I’m writing of this article, Bitcoin price is still growing, surpassing the value of $1,000 for 1 BTC.

Bitcoin price and trading volume were supported by several global circumstances, including the Chinese yuan devaluation, the UK’s Brexit, and the election of a Donald Trump.

 

 

Ethereum

Market Capitalization (Beginning of Year): $80,339,474
Market Capitalization (End of Year): $638,041,577
Price (Beginning of Year): $2.83
Price (End of Year): $7.31
Price (Annual High): $19.59

2016 saw Ether, or  the digital currencies that powers the Ethereum blockchain – become the best-performing currencies, with a more than 2,000% increase over the first six months of 2016.

The major reason for its instability was the DAO hack, the subsequent failure of the decentralized project, and the creation of ethereum classic. These factors led to a fall of nearly 50% of this altcoin value.

 

Anyway, Ethereum is the favorite network for possible FinTech permissioned distributed ledgers, enterprise software and Internet of Things applications, so 2017 could will probably show a capitalization increase for ether.

Litecoin

Market Capitalization (Beginning of Year): $149,142,004
Market Capitalization (End of Year): $212,469,870
Price (Beginning of Year): $3.41
Price (End of Year): $4.34
Price (Annual High): $5.55

One of the oldest bitcoin alternative, litecoin showed a stable valuation during 2016, closing $2 above its starting price for the year.

Dash

Market Capitalization (Beginning of Year): $16,081.586
Market Capitalization (End of Year): $70,675,107
Price (Beginning of Year): $2.64
Price (End of Year): $9.67
Price (Annual High): $14.42

In 2015, darkcoin decided to end its association with shadow businesses and the DarkNet by changing its name to Dash.

 

This re-branding seemed to work and Dash ended 2016 with pricing nearly three times, and a market capitalization close to four times.

Cryptocurrencies 2016 and their future

As we enter 2017, the future for cryptocurrencies seems bright, as the digital currency market will continue to progress and prove its worth as one of the top-performing commodities available today.

We at HolyTransaction are very happy to work with this top-rated cryptocurrencies, as our wallet can store Litecoin, Dash, Ethereum and Bitcoin within a unique login.

Needless to say, we are proud to have chosen the best and the most profitable cryptocurrencies for our multicurrency wallet you can open here for free.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Amelia Tomasicchio
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23 Jun 0

Bitcoin Price Drops because of the Bremain

United Kingdom Flag

Bremain and Bitcoin

Today Bitcoin price drops of about $100, falling to peak of 15% by reaching the value of $551 according to Bitstamp.
In the recent weeks we talked about the 5 reasons of the Bitcoin price was rising so fast. In the list we quoted the “Brexit” as a possible reason.
In fact, the uncertainty caused by this move could be a foundamental reason for the Bitcoin growth.

Bitcoin price Drops

This Bitcoin fall is a continuation of the recent correction – probably due to the previous too fast growth, as explained George Sammam – that began on June 18th, when the price hit $774.
A possible reason for this Bitcoin decline is the “Bremain”, or the possibility of the UK to remain in the European Union.
In fact, experts suggested that maybe the bitcoin price is falling down because of the increasing possibility that UK will vote to remain in the EU.

 

Tim Enneking of Crypto Currency Fund; investor Vinny Linghan and Arthur Hayes, co-founder of BitMEX, all quoted the ‘Brexit’ vote as a possible reason for this drop:

 

 

“The drop below $600 indicates that many traders believe that ‘Bremain’ will prevail. The vote is still too close to call with various polls indicating ‘Brexit’ and ‘Bremain’ in a dead heat.”

 

So, will the Bitcoin price continue to fall or it will remain stable? Stay tuned for next updates.

Multicurrency Wallet

With this high volatility it is a good behavior to store your Bitcoin in a safe wallet and wait for better times.
You can store your Bitcoin and other digital currencies such as Litecoin, Ethereum, Dogecoin in the HolyTransaction Multicurrency wallet.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Read more
Satoshi
Bitcoin Price Drops because of the Bremain
23 Jun 0

Bitcoin Price Drops because of the Bremain

Bremain and Bitcoin

Today Bitcoin price drops of about $100, falling to peak of 15% by reaching the value of $551 according to Bitstamp.
In the recent weeks we talked about the 5 reasons of the Bitcoin price was rising so fast. In the list we quoted the “Brexit” as a possible reason.
In fact, the uncertainty caused by this move could be a foundamental reason for the Bitcoin growth.

Bitcoin price Drops

This Bitcoin fall is a continuation of the recent correction – probably due to the previous too fast growth, as explained George Sammam – that began on June 18th, when the price hit $774.
A possible reason for this Bitcoin decline is the “Bremain”, or the possibility of the UK to remain in the European Union.
In fact, experts suggested that maybe the bitcoin price is falling down because of the increasing possibility that UK will vote to remain in the EU.
Tim Enneking of Crypto Currency Fund; investor Vinny Linghan and Arthur Hayes, co-founder of BitMEX, all quoted the ‘Brexit’ vote as a possible reason for this drop:
“The drop below $600 indicates that many traders believe that ‘Bremain’ will prevail. The vote is still too close to call with various polls indicating ‘Brexit’ and ‘Bremain’ in a dead heat.”
So, will the Bitcoin price continue to fall or it will remain stable? Stay tuned for next updates.

Multicurrency Wallet

With this high volatility it is a good behavior to store your Bitcoin in a safe wallet and wait for better times.
You can store your Bitcoin and other digital currencies such as Litecoin, Ethereum, Dogecoin in the HolyTransaction Multicurrency wallet.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Read more
Amelia Tomasicchio
, , , ,
Bitcoin Rise: will it continue in the future days?
16 Jun 0

Bitcoin Rise: will it continue in the future days?

Bitcoin Rise: will it keep growing?

It is not a news that the Bitcoin rise very fast during the last few weeks, reaching a high of $735 today.
But the real question everybody is asking is: will Bitcoin keep growing?
After a two years high, on Wednesday the bitcoin price fell, but it was only temporary and now the price is rising again.
As we tried to explain, there are a few reasons why Bitcoin is increasing its value: at least 5 reasons that you can read here.

Volatility?

Bitcoin price dropped 8% to $661.60 on June 14th, after hitting $719.85 the day before.
But during the same day it reached $691.70 and since then it keeps growing.
So, even if the price fell, this event cannot be considered a great volatility problem. Also, several experts explained that such instability is unavoidable.
“It is important for traders to understand that markets are always following cycles,” comments Joe Lee of Magnr, “Regardless of the asset type, if a price increases too quickly, the safe assumption is that a correction will occur in the short term.”

Halving and Brexit: will the bitcoin price keep growing?

Other experts in the bitcoin sector sustain that two of the most important reasons for the digital currency higher price are the miners rewards halving and the “Brexit”, or the possibility that the UK leaves the EU.
Experts explained that the halving has a key role in the growth of demand because it reduces the reward for each new block mined by 50%.
Rik Willard of Agentic Group LLC, is convinced that bitcoin price will move around $685 until the halving occurs.

Bitcoin Wallet

If you want to store your Bitcoins you need a wallet when you can keep them safe.
 
Open your wallet for free on HolyTransaction, an universal wallet where you can also store other digital currencies such as Ethereum, Litecoin, Dogecoin and more.
 
 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Read more
Amelia Tomasicchio
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