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Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label etherium. Show all posts
Showing posts with label etherium. Show all posts

Tuesday, June 6, 2017

Massive overnight surge in Bitcoin and other cryptocurrencies shoot industry market cap to over $100 billion

With so many economic and geo-political events causing confidence in local currencies to falter, overnight buying of Bitcoin and other cryptocurrencies out of Asia have skyrocketed the entire industry to achieve a milestone market cap of over $100 billion.

Bitcoin and Etherium are of course still leading the way as the father of all cryptos achieved a new all-time high (excluding local markets with high premiums) of over $2900 per coin.  And at this price, Bitcoin has risen over 200% since just the beginning of 2017.

Bitcoin approaches a new all-time high (ATH) in price and market cap as we re-enter a mode of price discovery. All of this occurs in the settling of an unresolved block size and scalability debate set to be disrupted with the UASF on August 1. Cryptocurrencies, as a whole, now hold over $100 billion in market cap for the first time. While bitcoin (BTC) leads the pack at just over $46.6 billion, or 47.9 percent of all cryptocurrencies, the recent surge in these other coins has helped to push the total cap over the top. - Bitcoin Magazine
In relation to other global markets, the market cap of cryptocurrencies is still relatively low when you compare them to several other markets, including a few of the major currencies traded in the Forex markets.

Gold: - $7,809,188,577,120

Forex: (Daily trading) - $5,300,000,000,000

S&P 500 - $20,000,000,000,000

Friday, May 26, 2017

Crowd funded ICO on Etherium Blackchain working to establish a silver backed cryptocurrency

Last week we published an article on a new ICO (Initial Coin Offering) called ZenGold which is working towards the creation of a cryptocurrency backed by physical gold.  Now on May 25 we discovered an ongoing ICO on the Etherium blockchain that is in the process of using gold's sister metal silver to back a new crowd funded cryptocurrency.
What if we started backing the value of cryptocurrency with some tangible commodity? How would that change the way we view this market? Many of the innovative projects in the cryptosphere are based on the Ethereum Blockchain. One of these projects is called Ethereum Link. It hopes bring the blockchain solutions of Ethereum into the world of business and have it fit seamlessly. 
For many who buy into the Cryptocurrency mindset, precious metals may only be worthwhile as the components of the miners and devices on which they access and operate within the Blockchain. However, the idea that some investments are not backed by anything tangible can be worrying, and an obstacle to entering the market. 
Here is where Ethereum Link really stands out. It acts as the connection between the Blockchain and the international silver market. The project developers hope for it to become a large, but decentralized platform for trading silver certificates. Ethereum Link will use tokens as representations of various shares of silver bullion. 
Link’s LNK Silver project is crowd funded via their public ICO. The choice to crowd fund this helps keep the spirit of decentralization, while also providing the public to buy into this exciting new potential. 
At the time of writing this article, the ICO’s funds boasts an impressive 431.11 BTC (~ $1,062,638.72) which is the equivalent of just over 30,000 LNKs. The exchange rate of one LNK is .01620 Bitcoin. LNK tokens being sold on the ICO receives 0.19% fee tradign as well. - Merkle
Backing cryptocurrencies with physical assets such as gold and silver could be the springboard towards making decentralized digital money part of the mainstream, and one where a critical mass of individuals and businesses are willing to transition into this new frontier at a time when sovereign currencies are racing towards the bottom in a flight to devaluation and loss of purchasing power.

Friday, May 19, 2017

Bitcoin just $50 away from $2000 and doubling its price in just five months into 2017

With Asian speculators in both Japan and China driving up the price of Bitcoin to all-time record highs, the crypto-currency is now on the cusp of doubling in just the first five months of 2017.

The current Bitcoin price is just over $1950 and could possibly hit $2000 by the end of Friday's market session.

Bitcoin traded for just over $1,000 on 1st January, but has edged up sharply amid increasing media exposure for its technology and those in the wider blockchain tech sector. Indeed, on at least two exchanges - Poloniex and Bitfinex - the price was even hovering just over $1,960. 
Year-over-year, the price of bitcoin is up 300%, having risen to $1,900, up from $453 on 18th May, 2016. At press time, bitcoin's market capitalization (the value of all bitcoins in existence) was $31bn. - Coindesk
Bitcoin's meteoric rise has also helped increase the price and market cap of nearly all other crypto-currencies, such as with Etherium which has risen 1700% also since the beginning of the year.

Wednesday, March 15, 2017

Bitcoin is no longer the only crypto on the block as Etherium's currency Ether crosses over a $2 billion market cap

Ever since the creation of the crypto-currency Bitcoin came into the public sphere in 2009, dozens of other alternative digital currencies have attempted to follow Bitcoin's success.  But only one of course has made that critical leap into widespread confidence and acceptance, causing governments, markets, and even retailers to adapt to its growth.

Until now.

On March 14, just one day before the U.S. government faces a new debt limit crisis and the Federal Reserve is to decide upon whether to raise interest rates, a crypto-currency other than Bitcoin has reached a milestone by becoming only the second digital currency to achieve a market cap of over $2 billion.

Image result for bitcoin and ether coin
A digital currency called ether has hit a record high market capitalization of more than $2 billion, a milestone only bitcoin has managed to pass. 
One ether currently trades for around $29, hitting a high of over $30 on Monday, according to price tracking website CryptoCompare. 
The figure marks an increase of nearly 20 percent from a week ago. The market cap of the cryptocurrency has surged from $1.8 billion to more than $2.57 billion in the same period. 
Ether was introduced in 2013 and runs on the Ethereum blockchain through the use of an underlying technology that is different to the one that powers bitcoin. - Russia Today