Bitcoin value tops gold for first time

Bitcoin value tops gold for first time - BBC News - @bbcnews -  - [#Cryptocurrency #Bitcoin]

  • Image copyright
    Reuters

    A unit of the digital cryptocurrency Bitcoin has exceeded the value of an ounce of gold for the first time.It closed at $1,268 on Thursday while a troy ounce of gold stood at $1,233.

  • The value of Bitcoin has been volatile since it was first launched in 2009, and many experts have questioned whether the crypto-currency will last.Earlier this year, Chinese authorities cracked down on Bitcoin trading in an attempt to stop money flowing out of the country illegally.But the closer scrutiny from Beijing only briefly sent the currency lower.
  • Yet like all currencies its value is determined by how much people are willing to exchange it for.To process Bitcoin transactions, a procedure called “mining” must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution.
  • Image copyright
    Eyewire

    Image caption

    Verifying bitcoin transactions takes a lot of computer power

    For each problem solved, one block of Bitcoins is processed.

  • In addition the miner is rewarded with new Bitcoins.To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of new Bitcoins are produced each day.

Demand for the digital cryptocurrency has soared since the beginning of the year.
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Blockchain Will Disrupt Every Industry

Blockchain Will Disrupt Every Industry
#Fintech #blockchain #banking #payments #tech

  • To learn more about the impact of Blockchain on businesses and industries, I spoke with Brett Colbert, Solutions CTO and Vice President of Enterprise Architecture at Salesforce.
  • In this role of Solutions CTO, Colbert leads the customer-facing Salesforce Enterprise Architecture team which helps customers and prospects strategically transform their business systems.
  • Colbert has been researching Blockchain for more than three years, leading customer implementations and collaborating with blockchain industry thought leaders.
  • Examples of Blockchain use by Industry – The answer isn’t in the technology, but in how the technology can improve inefficient business processes.
  • Here are a few examples of the opportunities that exist to improve processes in a variety of industries using Blockchain:

    This article was co-authored by Brett Colbert —- Solutions CTO, Vice President of Enterprise Architecture at Salesforce.

As with all major paradigm shifts, there will be winners and losers. But if we do this right, blockchain technology can usher in a halcyon age of …
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Bitcoin nears record high after a ‘milestone’ in the fierce debate over its future

  • Bitcoin traded near its all-time high price late on Thursday after the intense debate over the cryptocurrency’s future appears to be heading to a positive end.
  • The price of bitcoin hit a high of $2,948.51 on Thursday evening, just shy of the record high $3,025.47 reached on June 11, according to data from CoinDesk.
  • While the price pulled back over the next couple of hours, it is significantly higher than the $2,294.40 handle it began trading at on Thursday morning.
  • Bitcoin has taken a hit in recent days because of the uncertainty over its future.

Some in the bitcoin space said there are more hurdles to jump over yet in the scaling debate.
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Gigi Hadid Rocks Gray Lipstick Like It’s No Big Deal

Gigi Hadid wore gray lipstick and it's actually awesome

  • Gigi Hadid stepped out Wednesday night in New York City in dark gray matte lipstick.
  • Robert Kamau via Getty Images

    Gigi Hadid seen out in Manhattan on July 19.

  • The supermodel clearly likes pairing her pajamas with heels: 

    Ray Tamarra via Getty Images

    Gigi Hadid leaves a Noho hotel on April 13 in New York City.

  • Robert Kamau via Getty Images

    In Manhattan on June 10.

  • Tal Rubin via Getty Images

    On June 27 in New York.

When you need to match your nails no matter what.
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Bitcoin at highs as fears over potential split ease

Bitcoin at highs as fears over potential split ease

  • Investing.com – Bitcoin remained at highs on Thursday, as sentiment spiked higher following growing expectations that a key proposal aimed at improving Bitcoin’s scaling capability would garner enough support, averting a potential split in the digital currency.
  • On the U.S.-based GDAX exchange, Bitcoin rose to $2,659.0, up $400.9 or 17.86%, making up recent losses, after data on Monday showed 80% of Bitcoin’s mining power, including AntPool, BitClub, Bixin, BTC.com and BitFury, have signaled support for proposal Segwit2x, which would allow the bitcoin network to scale more efficiently.
  • Ethereum followed bitcoin’s move higher, rising to $225.41, up 8.89%.
  • Despite the recent rally, following its collapse to $130.26 on Sunday, Ethereum remained well below its all-time high of $419.3.
  • The dip in Ethereum from its all-time high has seen its market capitalization fall to $20 billion, well below bitcoin’s $43 billion, reducing investor expectations that Ethereum would be the alternative digital currency that usurps bitcoin as the best capitalized cryptocurrency.

Investing.com – Bitcoin remained at highs on Thursday, as sentiment spiked higher following growing expectations that a key proposal aimed at improving Bitcoin’s scaling capability would garner enough support, averting a potential split in the digital currency.
Continue reading “Bitcoin at highs as fears over potential split ease”

Bitcoin nears record high after a ‘milestone’ in the fierce debate over its future

  • Bitcoin traded near its all-time high price late on Thursday after the intense debate over the cryptocurrency’s future appears to be heading to a positive end.
  • The price of bitcoin hit a high of $2,948.51 on Thursday evening, just shy of the record high $3,025.47 reached on June 11, according to data from CoinDesk.
  • While the price pulled back over the next couple of hours, it is significantly higher than the $2,294.40 handle it began trading at on Thursday morning.
  • Bitcoin has taken a hit in recent days because of the uncertainty over its future.

Some in the bitcoin space said there are more hurdles to jump over yet in the scaling debate.
Continue reading “Bitcoin nears record high after a ‘milestone’ in the fierce debate over its future”

New ICO Promises Mainstream Adoption of Cryptocurrencies

@CORIONPlatform

  • Corion, a unified, unregulated, decentralized, mobile cryptocurrency platform operating on the Ethereum Classic blockchain, is underway in its Initial Coin Offering (ICO).
  • The ICO gives both service providers and consumers the opportunity to invest in a new cryptocurrency that allows them to help build the Corion ecosystem, a multifunctional platform allowing businesses and individuals to transact between each other on the Corion platform, which provides and hosts secure, convenient, and real-time financial transactions between members using Corion coin.
  • The ecosystem, accessible through the Corion platform, would focus cryptocurrency into mainstream usage, taking it from short-term speculative income to continuous passive income through community management.
  • To facilitate the transition of cryptocurrencies to mainstream use that Corion looks to achieve, the Corion platform features seven unique features to humanize the cryptocurrency experience for the average user.
  • These features include a marketplace that promotes commerce, a stable cryptocurrency to promote mainstream use, a reward system for users based on Schelling points which allows users to grow their coins, a multifunctional wallet that operates as the main interface of the platform, and more.

Cryptocurrencies like Bitcoin and Ethereum, while potentially transformative on the macro level, are hard for most people to adopt on the micro-level. In…
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