Search Results For: bitcoin price
Ether Price passes $100: how to store Ethereum
Ether price, or the digital currency that fuels the world’s second-greatest blockchain network – Ethereum – reached a value of $100 today.
This means that Ether price hits its new all-time high today.
With a growth of more than 25% over one day only, the Ether price has now increased more than 1,000% during the last year: on January 1st, in fact, it was trading at about $8.
At the moment, while I’m writing this article, the digital currency has a market cap of about $9bn, according to data provided by Coinmarketcap.
Why Ether price is growing
This new all time high comes now when the Ethereum blockchain is fast gaining interest by open-source innovators and financial firms worldwide.
Ethereum became important as the main blockchain used for initial coin offerings (ICO, a process by which people working on blockchain-related projects can sell tokens with the goal of raising funding), while major companies such as JP Morgan and Bank of America are developing a few projects on private versions of the Ethereum blockchain.
On the markets point of view, the development comes also thanks to a strong and continued demand for the Ethereum token.
Ether volume registered 20% of the total digital currency market volumes, below bitcoin (46%) and ahead of litecoin (11.38%).
How to store, buy and sell Ethereum
While the digital currency is gaining more and more interest, reaching new all time highs, you may ask yourself: “How should I buy, sell and store my Ether tokens?”
Well, HolyTransaction provides a safe place where you can store, buy and sell your Ether tokens in a user-friendly platform.
You can exchange Ethereum in a few minutes by using more than 10 digital currencies we support on our HolyTransaction multicurrency wallet.
Click here to know more about our Ethereum wallet and exchange.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Litecoin Segwit: how it is driving the prices
Maybe because of the recent Litecoin Segwit support, this digital currency price set a new high yesterday, reaching a value of $11.42, its highest price since May 2014.
We cannot define it a cryptocurrency pump, but the market seems to answer to the technical changes in the network.
This price growth, in fact, could be explained thanks to the almost reached the 75% support level needed in order to activatate the Litecoin Segwit (Segregated Witness), or a scaling solution that will improve blocks capacity.
Right now, in fact, just over 70% of miners were giving their support for the Litecoin Segwit.
Even if at press time, Litecoin price declined of about 67%, litecoin traded as high as $11.32 today up nearly 40% in one day, according to CoinMarketCap.
On March 30th, litecoin price increased of about 70% and, always according to Coinmarketcap data, its 24-hour volume passed $250m today.
Litecoin SegWit support
These important new Litecoin highs have coincided with the almost reached support level needed for activating the Litecoin SegWit.
First designed to be used on the Bitcoin blockchain, SegWit would increase the block capacity by modifying how transaction data is stored by the blockchain itself.
Once reached, the support level will have to remain at or above the 75% threshold level for 8,064 blocks (almost two weeks) before SegWit can officially be activated.
The litecoin price reached $50 in late 2013, but it has traded below $20 since early 2014.
Click here to read more about SegWit and a new Bitcoin potential fork.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Bitcoin fork: why developers keep calm
Right now the debate about a possible Bitcoin fork is very noisy and maybe it is the main factor that is driving the cryptocurrency price at the moment.
At press time, bitcoin value is less than $1000 with some traders that are liquidating their positions.
Amidst one of the more volatile period of bitcoin, developers seem not to be scared or worried about this two-year scaling debate.
Several miners are running the so-called solution “Bitcoin Unlimited“, a popular alternative bitcoin software that opened a discussion of a possible fork of the network which could generate two different digital currencies, a result similar to what happened with the recent Ethereum hard fork that lead to the creation of Ethereum Classic.
Bitcoin Core contributor Eric Lombrozo has taken a skeptical point of view, explaining that the bitcoin community is not new to this issues.
Bitcoin XT and Bitcoin Classic, or other software alternatives that aims at changing the bitcoin blockchain- related rules, have emerged, but also declined, over the last few days.
While users who support the Bitcoin Unlimited think that is the real future for bitcoin, arguing that a bitcoin fork will bring it as the winning software, critics view it as broken.
Lombozo explained:
“The idea you can change bitcoin by lobbying one group of stakeholders against another is fundamentally flawed, as is the idea you can force controversial consensus rule changes. Bitcoin requires more tactful politics.”
On the other hand, Bitcoin Unlimited supporter Peter Rizun believes that bitcoin will see a block size increase, making bitcoin competitive with the other alternative cryptocurrencies.
“In my opinion, there’s a 75% chance we get an upgrade to larger blocks in 2017,” he commented.
So, while some people substain that only one software will be able to survive after this possible bitcoin fork, other experts suggested that most people won’t move to a new blockchain, so Bitcoin Unlimited will lead to another digital currency.
But, of course, the greatest part of the community want only one bitcoin.
Bitcoin Core contributor Luke Dashjr said to Coindesk:
“A hard fork is by definition an altcoin that the entire community decides to adopt as a replacement. Since most of the community rejects Bitcoin Unlimited, it is impossible for it to become a hard fork. Anyone can fork at any time. That people don’t speaks to the strong incentives not to.”
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Bitcoin exchange regulation in China
Soon a new bitcoin exchange regulation in China may be required to ensure know-your-customers (KYC) verifications.
According to an article published by Caixin, the People’s Bank of China issued a new paper for the Chinese exchanges on which it is looking for comments for the proposed regulation.
This move is part of a effort by the Chinese central bank in order to have a bitcoin exchange regulation and avoid money laundering and other financial crimes.
According to the official press release, this paper explains both a regulation related to the anti-money laundering (AML) issues and the creation of a customer identification system.
Bitcoin users will have to own an on-site certification if they want to deposit funds. To do se, they will have to present identification at the time of registration. Also, for clients who hold more than ¥50,000 (over $7,200) in volume, a remote video certification will be required to authenticate their own identity.
The document also contemplates that there must be a senior management team who controls AML procedures and reports dubious transactions.
This news come after the PBoC’s decision made back in January that indicates to intervene in the Chinese bitcoin market during this period of heavy bitcoin price volatility.
Since then, bitcoin exchanges started to implement several new policies, ending margin trading and freezing withdrawals for a few cryptocurrencies.
At the moment, while I’m writing this article, bitcoin Chinese exchange withdrawals are still frozen.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Ether price set its new all time high
Ether price, or the digital currency that fuels the Ethereum blockchain network, reached today its new all-time high.
This token, that’s always been on the edge for a week, hit $32.78 according to CoinMarketCap today, growing about 15% higher than its opening price of $28.65.
At the press time, ether price is trading at $40.88, or its new all time high.
Ether price: new highs
This new achivement coincides with a general growth of the cryptocurrency market that has been rising in value even after the SEC decision to refuse the bitcoin ETF, the first bitcoin investment vehicle proposed by Winkevoss investors.
Ether price rose of about 70% from a low of $17.68 on 10th March to a high of $30.60 on 13th March.
Investors are looking for new alternatives
According to analysts, investors and traders are looking for new alternatives. First of all, bitcoin is having difficulties, for example the block size debate, its calability, the segregated witness related issue and a possibile hard fork on the way.
Bitcoin’s current challenges make the alternatives more inviting and appealing, as said by fund manager Jacob Eliosoff.
Also, Tim Enneking underlined the huge protif that traders could receive from other digital assets.
Right now, in fact, a few altcoins are experiencing new all time higshs, including Dash and Zcash.
On the other hand, however, bitcoin price has reached a new goal too, as its value is above $1000 for more than 31 days.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Bitcoin ETF decision expected by Friday
The US Securities and Exchange Commission (SEC) has to make an important decision related to the much-anticipated bitcoin ETF, or the bitcoin-based exchange-traded fund.
This decision is expected by Friday, as the SEC has an deadline fixed on March 11st to make the approve or disapprove a proposed rule change that would allow the creation of the first worldwide bitcoin ETF.
But, because the 11st falls on a Saturday, this decision could come before that date, maybe on Friday.
The proposal came three years ago, in mid 2013, by investors Cameron and Tyler Winklevoss.
If the fund receives approval, several experts speculated that bitcoin price could grow and maybe this expected approval already drove the bitcoin price in recent weeks, setting new all time highs in the recent period.
In fact, Bitcoin price neared $1,300 in recent days, reaching $1,293.47 on 3rd March.
By the way, bitcoin price kept falling back to $1,300, experiencing a drop on 7th March, when markets drop below $1,200 for a few hours.
Otherwise, if the SEC decides to reject the proposal that would allow the Bats Global Exchange to list the bitcoin ETF, experts said that the digital currency price would be negatively affected.
Phil Bak, CEO atACSI Funds explained that generally the SEC wants to avoid the appearance of “publicly rejecting an ETF”, so if the agency didn’t plan on approving a fund, it would ask for the filing to be pulled ahead before any final decision.
“In this case, the government agency may want to show the world it is unsure about bitcoin. Alternatively, it could also be that the advocates want to support it to the end and let this proposed fund get its day in court, rejection or not.”
In the lack of definitive statements published by the SEC, it’s really easy to understand why a common return of uncertainty has emerged during this week.
Arthur Hayes, CEO at BitMEX, explained:
“I have heard good arguments for and against the ETF being approved. At this point it is a coin toss.”
Waiting for the Bitcoin ETF
At the moment people who are waiting for the SEC’s decision canno do anything instead of only watching and waiting for the 11th March deadline.
ETF expert and co-founder at RagingBull, Jeff Bishop, commented that the SEC could make its decision further past the 11th, also because of the recent price gain.
“I have the feeling they will find a way to delay this even more though. With bitcoin at all-time highs and the SEC having a terrible record for allowing new ETFs to come to market at absolute tops, they will likely push back on this until things cool a bit. It should be up to investors to decide the true price of bitcoin. The more liquidity and options [there are] to trade it, the more transparent and accurate the pricing will be. It should not be up to a government agency to withhold something like this from the public.”
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Peercoin price surged of about 20%
Bitcoin, Ether, Dash and now also the Peercoin price: it seems that the market value of the whole digital currencies world is growing.
Recently, in fact, Peercoin price surged of about 20% in the latest hours.
In fact, at the press time, its value reached $0,477882 (22.49%) or 0.00037581 BTC (20.82%).
Also, Peercoin market cap reached $10 M a few hours ago.
Peercoin was the first digital currency to use the proof of stake (PoS) consensus system back in 2012.
Peercoin was created back in 2012 by Scott Nadal and Sunny King. Sunny King, who also created Primecoin, is a pseudonym, a common behavior in the crypto community (do you remember who Satoshi Nakamoto is?).
Proof-of-stake’s protocol was created to solve the high energy consumption of bitcoin.
The proof-of-stake system was also designed to solve vulnerabilities that could occur in a pure proof-of-work system.
For example, with bitcoin there is a good risk of attacks resulting from a monopoly on mining share. As Proof-of-stake becomes the primary source of coin generation, energy consumption decreases over time.
Ethereum and Casper
Now Vitalik Buterin – or the Ethereum blockchain creator – and his Ethereum community want to exploit this algorithm to improve their technology. So, recently everybody in the digital currency world has heard about the proof of stake and Peercoin system.
Could this be one of the reasons for this Peercoin price growth? Is it a result for a growing curiosity behind the PoS tech?
How to store all digital currencies in only one place
If you want to trade, buy and sell different digital currencies, you may need a multicurrency wallet like the one provided by HolyTransaction.
Usually, if you want to store different cryptocurrencies you need a wallet for each digital currency you have.
HolyTransaction solves this problem as you can store more than 20 digital currencies in one place and within the same login details.
You just have to remember one password and you can have a full access to your digital currencies.
Also, HolyTransaction wallet provides you the following services:
- Send your digital currencies to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
- Receive transactions;
- Exchange your digital currencies with any supported coins;
- Make instant transactions between HT users;
- Get real time exchange rates on the website;
- Set OTP for additional protection.
Open now your HolyTransaction univeral wallet here.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Ether price is reaching its all time highs
Ether price, or the digital currency that fuels the Ethereum blockchain, is approaching its all-time highs set last year.
In fact, price of ether rose of about 60% during last week, hitting $20.67 yesterday, after opening at $13 on February 25th.
Ether price and Ethereum Enterprise
This increase might be the result of the official launch of Enterprise Ethereum Alliance, a new working group focused on the Ethereum blockchain with important members including Microsoft, JP Morgan, Santader, etc.
This consortium has the main goal of using the ethereum tech within enterprise-grade blockchain implementations.
So this recent news may have led to the increase of confidence in the technology and in the linked digital currency.
Digital currencies are growing
Recently bitcoin price is also growing, reaching its all time highs, together with the altcoin called Dash.
Among the others, bitcoin is undoubtedly the most used and known with a robust trading volume and bullish market sentiment.
Bitcoin has risen to several new highs in recent days, after failing to set new higher levels for more than three years. Also, bitcoin hits parity with the per-ounce price of gold last week.
Dash has rose more than 75% in the last week and upwards of 200% over the last month. In fact, the previously called Darkcoin reached its all-time high of $58.90 on 2nd March.
Multicurrency wallet for differentiated investments
If you want to invest in all these three digital currencies, you need a multicurrency wallet to store bitcoin, dash and ether coins at the same time.
Normally, if you want to have store different cryptocurrencies, you need to have ten different wallets, which is difficult to manage. Instead, thanks to HolyTransaction you can solve this problem, unifying everything in a single account.
For more info and fees (HolyTransaction has a fixed-rate exchange) click here.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Dash Price: why is it growing so fast?
Dash price rose up more than 100% in the past week, hitting a high of $60 today.
Growing by 40% yesterday alone, Dash price is dominating the social media discussions among traders and investors.
For the newbies, dash – originally known as darkcoin – earned its group of supporters and critics in this years, becoming a digital currency very useful to be used for the online shopping.
Why Dash price is growing?
Several experts argued that – behind this price growth – there is a mixture of technical updates and an user experience upgrade. So, the recent increase is the result of years of development.
Others explained that the Dash price increase is the result of the so-called “pump-and-dump” behavior commonly seen in lower-volumes markets.
What is dash?
Dash is a “two-tier network” that relies on miners and masternodes.
Dash uses a chained hashing algorithm approach called X11. Instead of using the Secure Hash Algorithm (SHA) 256 or Scrypt it uses a sequence of eleven scientific hashing algorithms for the proof-of-work, or the same consesus method used by Bitcoin.
Miners receive 45% of rewards, masternodes receive 45%, and the other 10% is allocated to its decentralized budgeting system.
In fact, it is important to say that dash allows its users to vote where to allocate resources for development, marketing, etc.
The relative scarcity of Dash coins
Of course, one reasons that is having a great impact on the Dash price is its relative scarcity, as coins are available for trade on major exchanges relative to the total supply of dash.
This scarcity is supported by the use of masternodes, as they require 1,000 DASH that generate income by receiving part of the mining block reward.
Public data suggests that there are 4,000 masternodes today, so more than half of the total Dash coins are pent-up.
Will this growth last in the long-term?
Data shows a big fall during the today’s trading, while the price is trading at about $43.
Many experts seem argue that the Dash price is in the middle of a significant bubble.
If the price will rise, fall or maintain this status is impossible to say.
How to Store Dash
That said, maybe you’re asking yourself how to store Dash in a safe place, as you might want to start trading with Dash.
Well, we at HolyTransaction provide a multicurrency wallet where you can store not only Dash but also other 20 digital currencies within the same login details.
With a 0.01* dash fee per transaction, HolyTransaction is one of the oldest web wallets in the market.
Edited: we decided to reduce fee from 0,04 to 0,01 Dash per transaction.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
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.