techkenyot.com
techkenyot.com June 24, 2018


Bitcoin reaches new high as it approaches $5300

12 October 2017, 08:41 | Hattie Nash

Coutts expects blockchain technology to change the world of finance

BRITAIN-POLITICS-BANKING

One bitcoin is now valued at $5,161 as of 0822 GMT.

The price of Bitcoin reached an all-time high, smashing through the $5,000 mark as it rebounds from a short period of uncertainty. Since the start of 2017, the value of the cryptocurrency has increased by 500% this year.

Another major difference is that bitcoin's creation, value and integrity come from complicated, mathematical wizardry, known as "blockchain" technology, which regulates the creation of new units and essentially ensures the security of every transaction involving the digital currency.

Credit Suisse Group Reiterates "Hold" Rating for Wells Fargo & Company
After $1.42 actual EPS reported by AbbVie Inc for the previous quarter, Wall Street now forecasts -3.52% negative EPS growth. Stelac Advisory Services LLC bought a new position in shares of Wells Fargo & during the second quarter valued at $104,000.

Neil Wilson, senior market analyst at ETX Capital, said investors in bitcoin are also buoyed by news that United States banking giant Goldman Sachs plans to trade the cryptocurrency. It is important to highlight the fact bitcoin could be bought for around $570 just about a year ago. High Bitcoin transactions show the high levels of interests the public has on Bitcoin.

On Tuesday, Vladimir Putin called for regulations on cryptocurrency, labeling it a "serious risk" used for illegal activity such as money laundering, tax evasion, and funding terrorism.

Bitcoin is the biggest and most popular cryptocurrency.

Sir Richard Branson promises to build 'revolutionary' Hyperloop train service
Its tracks use magnetic levitation and the pod glides at airline speeds for long distances. 'This is just the latest example'. The 1.8 mile (3 km) full-scale and full speed enclosed prototype is taking shape in the desert in North Las Vegas in Nevada.

But after dipping below US$3000 in mid-September, bitcoin has leapt in value by more than 75 per cent in four weeks. "So we expect some investors to be surprised by bitcoin bouncing back", said Iqbal Gandham, managing director at broker eToro UK, in a note on Thursday.

Jordan Hiscott, the chief trader at Ayondo Markets, said: "The returns are truly remarkable, especially given the recent ban on bitcoin trading in China, where demand had previously accounted for at least 10% of all global volumes". Meanwhile, Citi's CFO said his bank is taking an "intense" look at cryptocurrencies and blockchain. "For bitcoin no such fundamentals exist". Its gradual price rise over the years has also made it a favorite among cryptocurrency speculators.

Interestingly, not all cryptocurrencies are following bitcoin's lead today, which usually happens when the incumbent cryptocurrency experiences price fluctuations.

Eminem 'attacks' President Donald Trump
The track is named after the suggestive remarks Donald Trump made last week whilst he was photographed with military leaders. "Do you support him or do you support this show that constantly mocks and denigrates everything about him", he said.



Other News

Trending Now

Xbox One Will Still Get Original Xbox Backwards Compatibility This Year
Each bundle includes an Xbox One S console along with a popular game plus additional content. "It will be the console that sells". However, Spencer said that the Microsoft Xbox One X console is not for everyone just like the Xbox One Elite controller.

MannKind Corporation (MNKD) Shares Slip from 52 Week Hights; Here's Why
It focuses on the discovery, development and commercialization of therapeutic products for diseases, such as diabetes and cancer. The author does not have any position in the stock mentioned and in no way is recommending to Buy or Sell MannKind Corporation .

Bandipora encounter: Two security force personnel killed
The security forces have been giving a befitting reply and foiling all attempts to vitiate atmosphere in the state. Two Indian Air Force Garud commandos were killed in the encounter and two terrorists have also been shot dead.

Arsene Wenger mocks Paul Merson in press conference
And despite huge criticism of Wenger over the last to seasons, he signed a new two-year deal approved by Ivan Gazidis and the club's owners.

FBR & Co Comments on MetLife, Inc.'s Q3 2017 Earnings (MET)
Following the acquisition, the director now directly owns 41,951 shares in the company, valued at approximately $2,272,485.67. California-based Checchi Capital Advisers Limited Liability Company has invested 0.04% in Metlife Inc (NYSE:MET).

Devastation of California's raging wildfires laid bare in drone footage (PHOTOS, VIDEO)
About 25,000 people have been evacuated in Sonoma County and 5,000 have sought refuge in shelters, the department said. At least 13 of the deaths have occurred in Sonoma County, officials say.

Parkside Investments LLC Purchases Shares of 218255 Calpine Co. (CPN)
The stock of Prospect Capital Corporation (NASDAQ:PSEC) has "Underperform" rating given on Thursday, February 11 by Raymond James. The average twelve-month target price among analysts that have issued a report on the stock in the a year ago is $14.96.

Amazon.com, Inc. (AMZN) Analysts See $0.04 EPS
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Capital One National Association holds 14,248 shares with $279,000 value, down from 285,238 last quarter.

Google Express partners with Target, Assistant shopping coming to phones
On Google Home, you can order loads of Halloween candy and paper towels by voice when your hands are full in the kitchen. Assistant will showcase a few of the options, you choose which you want, then it's on the way to your house.

Anadarko Petroleum Corporation (APC) Receives "Hold" Rating from BMO Capital Markets
Currently, 564.59 million total shares are owned by the public and among those 558.87 million shares have been available to trade. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.