Gold Plunged and Bitcoin Arises
Who would have forgotten the statements mentioned by the Winklevoss Twins?According to the Winklevoss Twins, as they have described the e-currency which is mainly the Bitcoin they have quoted it ... read more
Top Countries with Greatest Bitcoin Adoption Potential
Argentina had made it on the top of the list of the countries with greatest bitcoin adoption potential. According to the Bitcoin Market Potential Index or BMPI Argentina topped out of ten on the list ... read more

Last Price: Daily Change: Day's Range: 24 Hour turnover:
673.034 USD 40.471 USD 635.590 USD 676.061 USD 724078.650 USD

Active order for purchases

    BTC Price BTC Sum USD Sum Date and time
  672.836 USD 0.02027 BTC 13.638 USD 2016-06-30 19:30
  672.532 USD 0.20473 BTC 137.687 USD 2016-06-30 19:27
672.020 USD 2.42736 BTC 1631.234 USD 2016-06-30 19:23
  672.010 USD 0.02915 BTC 19.589 USD 2016-06-30 19:23
  672.000 USD 0.13163 BTC 88.455 USD 2016-06-30 19:22
  671.773 USD 0.05967 BTC 40.085 USD 2016-06-30 18:53
  671.541 USD 0.14590 BTC 97.978 USD 2016-06-30 18:51
  670.936 USD 0.08226 BTC 55.191 USD 2016-06-30 18:49
  670.598 USD 0.05128 BTC 34.388 USD 2016-06-30 18:48
  670.380 USD 0.08074 BTC 54.126 USD 2016-06-30 18:46

Active order for sales

    BTC Price BTC Sum USD Sum Date and time
  673.034 USD 0.05297 BTC 35.651 USD 2016-06-30 19:20
  673.219 USD 0.12389 BTC 83.405 USD 2016-06-30 19:20
  673.372 USD 0.06318 BTC 42.544 USD 2016-06-30 19:19
  673.433 USD 0.04196 BTC 28.257 USD 2016-06-30 19:19
  673.498 USD 0.02757 BTC 18.568 USD 2016-06-30 19:18
  673.622 USD 0.06073 BTC 40.909 USD 2016-06-30 19:18
  673.693 USD 0.05585 BTC 37.626 USD 2016-06-30 19:18
  673.874 USD 0.13248 BTC 89.275 USD 2016-06-30 19:18
  673.995 USD 0.20031 BTC 135.008 USD 2016-06-30 19:17
674.193 USD 0.25200 BTC 169.897 USD 2016-06-30 19:17


  Operation type BTC Sum BTC Price USD Sum Transaction Times  
0.16964 BTC 672.83600 USD 114.140 USD 2016-06-30 19:30
0.07793 BTC 672.68600 USD 52.422 USD 2016-06-30 19:30
0.22317 BTC 672.68600 USD 150.123 USD 2016-06-30 19:30
0.19083 BTC 672.68600 USD 128.369 USD 2016-06-30 19:29
0.18619 BTC 672.68600 USD 125.247 USD 2016-06-30 19:29
0.05222 BTC 672.68600 USD 35.128 USD 2016-06-30 19:29
0.21260 BTC 672.68600 USD 143.013 USD 2016-06-30 19:29
0.08864 BTC 672.68600 USD 59.627 USD 2016-06-30 19:29
0.17363 BTC 672.71900 USD 116.804 USD 2016-06-30 19:29
0.03354 BTC 672.59000 USD 22.559 USD 2016-06-30 19:28

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Gold Plunged and Bitcoin Arises
Who would have forgotten the statements mentioned by the Winklevoss Twins?According to the Winklevoss Twins, as they have described the e-currency which is mainly the Bitcoin they have quoted it “as better than gold” as of for some reasons that it experiences ‘a lot less volatility’ and also is a better store of value at this moment. The twins allude to the Wall Street Journal on one of their stories published last May 2016; that describes how the virtual currency had been more stable than gold over the last several days.Bitcoin has become the “digital gold”, which can reflect as the new age of the currency whose value cannot be driven away by the inflationary guiding principles under the supervision of the government. In May 2016 which the two have shown contradictory trends that affect the global trading and industry. Bitcoin’s worth have arises as far as it can go and gold goes to be declared dilapidated.Gold has been viewed as safe and secure for an investment during periods of havoc and be apt to go during occasion of crises. As gold has acted as prevaricate against inflation and be inclined to the rise when governments follow an adequate expansions at the monetary policies.Escalating interest levy may result the fall of the gold prices, for the reason that the money flows on the gold market to the treasures market. That results on lowering the demand of the gold ingots. Since then, the gold’s prices have fallen below $1, 200 an ounce, that have lost more than $100 with a month as the projection of US interest rate climbs.ED and UBS Wealth Management, Wayne Gordon notifies Bloomberg on his interview:“The key risk for me now is not whether they will hike once, but actually whether they will hike twice. As a house, we believe they will hike twice in September and December.”China has an extremely strict capital controls which have lead to the weakening of Yuan. That resulted to the people to look for ways to transfer money out of China and Bitcoin was one of the biggest and trusted beneficiaries of this said incident that have cause of the Bitcoin price arise. Some Chinese investors have frequently shifted their money between asset variants as soon as possible which is aiming of a high return to them and Bitcoin seemed to be the flavor of the new era. The impending block reward halving (in July 2016) which will result in a lower supply of new bitcoins hitting the market has also contributed to the positive sentiment.The Chief Marketing Officer at Huobi, in the name of Du Jin, gives a statement on The Wall Street that “there’s a lot of hot money in China that has to go somewhere”.Gold and Bitcoin may have a quite few attributes in common, no other than the chief of being limited supply and the being thorny to imitate. And this is also why the Bitcoin has been referred to as a “digital gold”.Unlike gold, bitcoins can be transferred all around the world without a distinct high price. Import curbs and check-posts that cannot stop every movement of bitcoins across national borders. With these attributes are the main reasons why Chinese investors have turned to Bitcoin rather the classic gold at times like this moments.
Top Countries with Greatest Bitcoin Adoption Potential
Argentina had made it on the top of the list of the countries with greatest bitcoin adoption potential. According to the Bitcoin Market Potential Index or BMPI Argentina topped out of ten on the list of the countries regarding the highest relative potential for Bitcoin adoption as followed by Venezuela, Zimbabwe, Malawi, United States of America, Belarus, Nigeria, Congo, Dem. Rep., Iceland and lastly, Iran, Islamic Rep. China ranks only on the 27th place on this survey which is conducted by the London School of Economics.This survey was the first attempt to accumulate a new data set regarding the ranking the potential utility of Bitcoin around across the 178 countries worldwide. Then it has confirmed that there is not much changed since the first ranking was released in year 2014.From the University of Cambridge and London Schools of Economics, an economic historian and founder of MacroDigest, Garrick Hileman says that the index was created for the entrepreneurs and also the investors who are planning to establish or expanding their operation. Therefore they will have a better perspective which markets may prove the most productive for Bitcoin adoption. With this which literally explains the utilization of Bitcoin and blockchain technology for different kinds of monetary and non-monetary functions.There 40 various pros and cons that are related to Bitcoin’s recent core functions which are store of value, medium of exchange and technology platform; are grouped into the index’s 7 equally weighted sub-indices which is namely technology penetration, international remittances, inflation, size of informal economy, financial repression, historical financial crises, and lastly Bitcoin penetration to calculate BMPI’s rankings. The association linking most of the BMPI variables are more likely predictable to be a self-evident for those who are generally familiar with Bitcoin.For an example, Bitcoin was fundamentally a technology, which utters, the level of technology adoptions in a country as reflects the dealings such as internet use and mobile mechanism penetration that have an important impact and influence on the bitcoin adoption. Furthermore, the bitcoin’s projections for adoption are being enhanced by the network effects which are associated with the greater exposure and awareness of bitcoin. The countries with more venture capital backed the bitcoin startups and the bitcoin client software downloads and nodes and also relative to bitcoin Google searches ranked higher in the BMPI.Through the recent developments which has showed that Nigeria and Zimbabwe, which are among the top 10 countries with the highest relative potential for Bitcoin adoption in the index, that had the economic state that are suitable for the Bitcoin use. The sub-Saharan Africa still seems the most dynamic region for Bitcoin adoption and followed by the Latin America and also the former Soviet states, as envisaged by the BMPI.As noted in the 2014 report that, although the Bitcoin regulation could play an important and perhaps even decisive, role in its adoption, and in some cases due to the insufficient data gathering and uncertainty over its ultimate impact and influence, it was excluded as an one of the index variable. As Gileman commented from his view on what it should be measure has changed in the last two years and it is time to add the new variables.There are three reasons for the exclusion of the Bitcoin regulation from the BMPI which are the: Bitcoin regulation being the recent development and still evolving; it is really unclear what its regulation would actually indicate; and lastly the uncertainty surrounding the efficacy of the bitcoin regulation.
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