techkenyot.com
techkenyot.com October 20, 2017


$5856: Bitcoin Price Hits New Record High

13 October 2017, 09:39 | Hattie Nash

Bitcoin jumps up by 7 percent to be valued at $5000 for the time ever

Bitcoin soars above $5100 mark following good news from China

For the week, bitcoin is up over 30 percent.

Bitcoin trading against the Chinese yuan used to account for most of the volume.

A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. It has chalked up a more than fivefold increase in price since the start of the year.

Typically for Bitcoin, which at less than nine years old is still highly volatile and illiquid compared with traditional currencies and assets, the precise reason for its recent tear was unclear.

Kenyan police use teargas to disperse opposition protesters
Kenyatta on Friday signed a supplementary budget allocating $116 million (12 billion shillings) for the new election. The government ban on protests has further angered the opposition National Super Alliance (NASA) coalition.

There is a rumored bitcoin desk at Goldman Sachs which would be another game changer for the cryptocurrency market. Excited by the gains in BTC prices, other investors jump aboard to extract their own gains.

"People are just wanting to be part of it", said Ryan Nettles, head of FX trading and market strategy at Swiss bank Swissquote, which launched Bitcoin trading two months ago.

"The interest really stems from the media hype", he added.

On 10 October, Russia made a decision to block access to websites of exchanges that offer crypto-currencies such as Bitcoin, Russian Central Bank First Deputy Governor Sergei Shvetsov said.

Increases Position in Physicians Realty Trust (DOC)
The real estate investment trust reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. Sentinel Trust Company Lba decreased Marathon Oil (NYSE:MRO) stake by 86,847 shares to 236,584 valued at $2.80M in 2017Q2.

But that was not enough to put investors off, with bitcoin rallying around 10 percent since then.

It has been a monster week for bitcoin, which has soared almost 30% since last Friday's close. But it's relatively easy to sell a new cryptocurrency in exchange for Bitcoin. Consequently, this bitcoin exchange serves as the on-ramp for many investors into the crypto economy.

Unlike a real-world unit such as the United States dollar or euro, bitcoin has no central bank and is not backed by any government.

"Recent criticism from industry and regulation crackdowns in China and Russian Federation spooked markets in recent weeks and caused the Bitcoin price to plummet". Some are seeing that the Bitcoin bubble is yet to show more progress before bursting and running towards a downward spiral. In fact, it might make holders of existing Bitcoins richer.

Pranab right to be upset after Sonia chose me for PM: Manmohan
I became a politician by accident", Singh said at a function to release Mukherjee's book "The Coalition Years: "1996-2012". Various other leading Congress leaders including Sonia Gandhi and Rahul Gandhi were present at the event, reported ANI.

Also Read: Bitcoin - What is the fuss about? Prominent economies like India and the US have especially witness intense debate on this front, with many arguing that it is time to see cryptocurrencies from more positive perspective.



Other News

Trending Now

Traders Sell Johnson & Johnson (JNJ) on Strength (JNJ)
CBRE Group, Inc. (NYSE:CBG) has a market cap of $13.23 billion and over the last 12 months, CBG has risen by 45.32%. California-based Granite Investment Prtnrs Ltd Liability Corp has invested 0.1% in Tejon Ranch Company (NYSE:TRC).

UBS Decides to Downgrade Delphi Automotive plc Ordinary Shares (NYSE:DLPH) Stock
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. The Company's segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.

More than £170m in old pounds in our homes to become worthless
Well and some retailers who have confirmed they will continue to accept the old coin for a brief period of time. People can also deposit them into any of their usual high street banks through the Post Office after this date.

Case Keenum expected to start vs. Packers on Sunday
Minnesota Vikings quarterback Sam Bradford's injured knee will keep him from playing against the Green Bay Packers on Sunday. He was sidelined at intermittent portions of the action after tweaking his groin, an injury he also dealt with last season.

European Union summit building evacuated
EU's newest institutional diamond in Etterbeek, Brussels, has been evacuated due to noxious fumes in the kitchens on Friday.

Virat Kohli has a given Anushka Sharma a cute name
There even rumors of the couple breaking up, but Virat and Anushka's public appeared out all those rumors to an end. The teaser of the Zee TV Diwali special show has him saying that Nushkie is very honest and there fans have it.

Attack on Aussie team bus: Sports Minister Rathore reassures Security
It was done to defame Assam and derail the state's journey towards excellence. Authorities believed local children were behind the Bangladesh rock-throwing.

Ahead of Diwali, Tamil Nadu government decides to increase liquor prices
In non-airconditioned theatres other than multiplexes, the minimum will be Rs 30 and maximum Rs 80. I don't think people would mind paying Rs 8 in addition to a Rs 100 ticket.

Spacewatch: SpaceX reuses rocket to launch north American satellite
Successfully placed in orbit, the dual-mission satellite will be shared by Colorado-based EchoStar and SES , a Luxembourg company. The satellite replaces C-band capacity for AMC 18 and Ku-band capacity for AMC 15 at the 105 degrees west orbital slot.

PNC Financial's profit rises 14.1 pct on higher interest rates
Currently, 182.34 million total shares are owned by the public and among those 180.52 million shares have been available to trade. First Financial Bank Co Of Newtown holds 0.32% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC) for 8,909 shares.