techkenyot.com
techkenyot.com December 11, 2017


$5856: Bitcoin Price Hits New Record High

13 October 2017, 09:39 | Hattie Nash

The shoeshine boys are tipping bitcoin

Shoeshine boys

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.

Fruit producer selling 'low-fat' avocado
Intrigued? To be fair, avocado fat is generally considered good for you already, particularly in regards to heart health . The company said it's all been possible by growing its avocados in special soil and climate conditions.

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.

Crytek's 'Hunt: Showdown' Is Coming To Steam Early Access
The one-square kilometer map will include "hoards of gruesome monsters for you to fight on your way to even more savage bosses". Hunt: Showdown does not yet have a release date, but it will be coming to PC via Steam Early Access.

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.

Lam Research Corporation (LRCX) Earns Buy Rating from Needham & Company LLC
The Wisconsin-based Convergence Inv Prtnrs Ltd Liability Co has invested 0.37% in Lam Research Corporation (NASDAQ: LRCX ). Dowling Yahnke Ltd Llc invested in 164,351 shares or 0.96% of the stock. 37 funds opened positions while 93 raised stakes.

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

Nebraska corn crop down 1 percent from 2016
Harvested area was forecast at a record 89.5 million acres, up 1 percent from September and up 8 percent from 2016. Of the acres for harvest, non-oil sunflowers account for 13,000 acres and oil sunflowers account for 48,000 acres.

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.

Fire sparks near famous hotel in Cape Town
The blaze had been burning on the slopes above Camps Bay and moved dangerously close to the luxury hotel on Thursday night. The fire started on Wedensday on privately-owned land near the 12 Apostles Hotel and spread into up into the TMNP.

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.

Amalgamated Bank Has $5.15 Million Holdings in Becton, Dickinson and Company (BDX)
First Merchants Corp increased Home Depot Inc Com (NYSE:HD) stake by 4,998 shares to 7,056 valued at $1.08 million in 2017Q2. The stock of Becton Dickinson and Co (NYSE:BDX) has "Buy" rating given on Thursday, August 3 by Stifel Nicolaus.

Terrorism threat: France will keep the border controls until 30 April
The Interior Ministry cited fears of a terrorist attack and unbridled migration for the prolonged checks. France said its policy on border checks would stand until April 30 2018.

Majority says Trump's National Football League comments were not appropriate
The report comes as President Donald Trump wages battle against NFL players who kneel during the national anthem in protest. However, 72% of voters are either "somewhat dissatisfied" or "very dissatisfied", with the country's direction overall.

Atletico Madrid defender Filipe Luis to 'butcher' Lionel Messi
Atletico Madrid coach Diego Simeone insists LaLiga leaders Barcelona are still not as good as Real Madrid. But we have been more forceful in the Champions League and let's hope we can end that run in LaLiga".

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.

Unbiased Equity Research: Applied Materials, Inc. (AMAT), The Clorox Company (CLX)
It worsened, as 48 investors sold AMAT shares while 346 reduced holdings. 1 funds opened positions while 0 raised stakes. On average, analysts predict that Applied Materials, Inc . will post $3.21 earnings per share for the current year.