Bitcoin and other Cryptocurrencies

Continuing their sharp rally, Bitcoin prices broke has broken through $5,000. Will their sharp gains continue?

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Litecoin prices plunged recently, but what caused this sharp decline?

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Bitcoin, the “people’s currency,” has the potential to become a new currency, free of the control of big governments and big banks.

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Bitcoin has emerged as the new “gold,” a hedge against growing global uncertainty.

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Bitcoin Gold (BTG) plans to hard fork the cryptocurrency on October 25, creating another version of bitcoin in the process. The project was first made public back in July and was created by Jack Liao, founder of Lightning ASIC, a mining firm from Hong Kong. The fork will include the adoption of a new protocol that will change some of the consensus mechanisms relating to bitcoin. The result is that miners would be able to go about mining for tokens in new ways. According to bitcoin.com, the new BTG will make use of the Equihash algorithm that Zcash uses, rather than bitcoin’s SHA256 algorithm.

Official website: Bitcoin Gold

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Bitcoin is an alternative to national currencies, and the “new gold,” a hedge against global uncertainty.

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Why is Litecoin surging? Is it simply following Bitcoin higher?

Litecoin prices have risen sharply over the last month, climbing more than 100% since mid-September.



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There's a big difference between Bitcoin and the famous 17th century tulips.

A fixed supply makes Bitcoin prices demand driven. The more people become familiar with the cryptocurrency, the higher the demand and the price for Bitcoins.

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BITCOIN climbed to a new all-time high of US$6,500 yesterday, boosted by bets the cryptocurrency could enter the financial mainstream after the world’s largest derivatives exchange operator said on Tuesday it would launch bitcoin futures.

CME Group Inc said it would provide a regulated trading venue for the cryptocurrency market and would launch the new derivatives in the fourth quarter of 2017.

The announcement was seen as a major step in the digital currency’s path toward legitimacy and mainstream financial adoption.

The aggregate value of all cryptocurrencies hit a record high of around US$184 billion yesterday, according to industry website Coinmarketcap, making their reported market value worth around the same as that of Goldman Sachs and Morgan Stanley combined.

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