CrowdifyClub Category: Crypto Currencies
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Bitcoin Price May Surge As Italian Banks Send Alarm Signals For Europe
After Greece and Cyprus, the Italian peninsula is sending alarming signals while new European banking rules are likely to constrain state action.
On 25 June, the Italian government formalized the rescue of two medium-sized mutual banks - Banco Popolare di Vicenza and Veneto Banca - on the brink of bankruptcy, after finding no investor in the markets to help them.
Such situations are causing investors all over Europe to question the safety of the banking system. The particular attributes of the unprecedented bailout of Cyprus' banks
in 2013 have led to a significant surge in Bitcoin price, as investors sought safe havens and access to liquidity. We have yet to see how future bank bailouts will impact the alternative financial systems proposed by cryptocurrencies.
Full story at http://bit.ly/2sjceGQ
Source: CoinTelegraph
We Plan To Open 5,000 Bitcoin ATMs in Europe in 2017: Bitlish
Bitcoin ATM provider Bitlish was the first to open a bonafide BTM in Russia, but it is its expansion plans that are likely to get the market talking.
Despite the growing presence of BTMs in Europe, usage is still limited.
Not inconsiderable fees, as well as a lack of general consumer understanding, mean that online options remain the go-to source for both novice and experienced traders to exchange crypto for fiat and vice versa.
UK-based Bitlish thus surprised when one of its branded machines opened in Russia’s second city St. Petersburg, closely followed by another. Both were a result of a decision by the company’s local partner, who gained an opportunity to open there rather than the capital Moscow.
Full story at http://bit.ly/2rxXZkW
Source: CoinTelegraph
Bitcoin Transaction Fees Significantly Decrease, Charlie Shrem Pays $0.25 Fee
Over the past few weeks, the size of the Bitcoin mempool, the holding area for unconfirmed transactions waiting to be picked up by miners, significantly decreased by around 90 percent.
As a result, Bitcoin fees significantly declined and the recommended Bitcoin transaction fee calculated by Bitcoin fee estimators integrated into widely utilized wallet platforms such as Blockchain substantially dropped. Now, fees below $1 have become sufficient to obtain first confirmation within 10 minutes.
In fact, Blockchain’s newly deployed Bitcoin fee estimator, which has received praise from the community for utilizing a satoshis per byte basis to establish recommended fees for users more accurately, has been recommending a $0.19 fee for regular transactions with an estimated confirmation time of one hour.
On June 29, Bitcoin pioneer and cryptocurrency wallet platform operator Jaxx COO Charlie Shrem revealed that a personal $2,000 Bitcoin transaction was confirmed within the first six minutes with a $0.25 fee.
Full story at http://bit.ly/2sj5SY3
Source: CoinTelegraph
Mining, Merchants, and Traders—Thailand’s Got the Bitcoin Fever
On June 22 a large group of people gathered at a computer expo in Thailand to purchase computer components to mine cryptocurrencies. According to reports, there is a nationwide shortage of graphics processing units (GPU:s) due to Thailand residents mining digital assets like Ethereum and Zcash to trade for BTC. Veerachai Morprapaipan, the store owner who helped organize the expo at the Queen Sirikit Convention Center said there were so many people he lost track of how many customers attended.
One customer, Niratcha Sukyu states “I’m buying as many pieces as I can get my hands on.” The GPU vendor from Thailand details that many altcoins have increased in value and local miners are trading them for bitcoin. Veerachai’s booth ‘TH Miner’ got a lot of attention as the company sells complete GPU mining packages and other components. According to Veerachai one of his machines sold for 109,000 baht that day.
Full story at http://bit.ly/2sjc0Qe
Source: Bitcoin News
Bitcoin ‘Going To Moon,’ Could Reach $1 Billion: FOX News
FOX News has joined the mainstream networks bullish on Bitcoin, embracing claims it could reach up to $1 bln.
In a segment of Making Money June 30, anchor Charles Payne hosted a celebration of Bitcoin, the latest rally of which could see it reach $1 mln “within the next few years,” he agreed.
“For the most part we wrote it off as technology’s answer to Beanie Babies,” Payne began, “Well, it’s back, and this time this rally feels different.”
Full story at http://bit.ly/2tFJjRv
Source: CoinTelegraph
From Flying Money to Blockchain: How Remittance Industry Has Reached Turning Point
From the simple barter system of ages past to the sophisticated technological systems of modern day money transfer, the remittance industry remains a significant aspect of the global economic ecosystem.
One of the primary characteristics that qualify a good medium of exchange is transportability. This involves how effective it is to transfer money from a given location to another.
Over the years, as money and its associated technologies have evolved, so have the systems by which they are transferred.
Emerging technologies have gradually but steadily opened up new ways for financial services to reach previously unreachable populations of the world.
Full story at http://bit.ly/2tFs0zR
Source: CoinTelegraph
Prepared by @SydesJokes
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