Bitcoin India - Earn Unlimited

Bitcoin Hits $20,000 Per Coin, Capping Year of Enormous Growth 461 Total views 6 Total shares Bitcoin  has cemented its glory year by hitting $20,000 barely a month after achieving five figures for the first time. After several weeks of  considerable volatility , mixing rapid growth with sudden declines, momentum finally boosted Bitcoin to its new historic high. Outperforming almost everyone’s expectations in 2017, Bitcoin prices received a decisive push from Wall Street regulated futures trading, as well as the imminent implementation of the  Lightning Network . CBOE launched its Bitcoin futures product  on Dec. 10 , and CME (a much larger market) will begin trading the cryptocurrency’s futures on Monday, Dec. 18. Markets reacted to rising prices with a snowball effect, triggering mass consumer interest in both buying and trading the virtual currency. Over the last few weeks, the Coinbase app has been at the top of Apple’s “mo...

Brett King: Banking Will No Longer Be as We Know It 2908 Total views 162 Total shares INTERVIEW Brett King is an author, speaker and radio host with extensive experience in the financial industry. He’s worked with  Deloitte , Center for Financial Services Innovation and Breaking Banks Radio. He’s also a Founder and Executive Chairman at Moven, a mobile banking app. King is an advocate for innovations in the banking system. The main idea he puts forth in his books, interviews, and speeches - most recently at  Money 20/20  October this year - is that banks are losing their dominance and we’ll most likely see a new era of “financial technologies without banks” services in the very foreseeable future. We decided to ask him how the banking future looks and whether  Blockchain  has anything to do with it. Cointelegraph: You believe that the banking system might become less relevant in the future. Why do you think that a...

Israeli PM: Bitcoin Could Replace Banks 41730 Total views 1416 Total shares In a  video  published on Tuesday, Israeli Prime Minister (PM) Benjamin Netanyahu claimed that the operation of traditional banks will eventually  become obsolete  and could be replaced by  Bitcoin . He based his claim on the trustless nature of  Blockchain technology and on Bitcoin’s continuous,  notable growth  this year. In the video, Netanyahu stated confidently that banks will eventually become outmoded and be replaced, though when and by what exactly remains to be seen: “Is the fate of banks that they will eventually disappear? Yes. The answer is yes. Does it need to happen tomorrow? And do we need to do it through Bitcoin? That’s a question mark.” The head of the Israeli state also spoke about the role of banks, explaining that they were created and continue to exist to ensure that transactions between two parties are val...

India’s Tax Man Knocks on Door of Cryptocurrency Exchanges; Seeks Identifying Information 11785 Total views 192 Total shares REGULATIONS India’s Income Tax Department, which falls under the Department of Revenue of the Ministry of Finance, began conducting surveys across the country on December 13, 2017. Investigators for the government agency visited nine exchanges spread out across Delhi, Bangalore, Hyderabad, Cochin and Gurgaon according to India’s  Economic Times . The publication also said that these surveys were undertaken under Section 133A of the Income Tax Act, which is for the purpose of gathering evidence. Tax authorities seeking identity information Business Standard  reported that the tax men visited exchanges with financial data and inputs already in their possession and wanted to know more about the workings of cryptocurrency exchanges in India. According to the  Indian Express , Section 133 A related surveys can be used for: “Gathering e...

Bitcoin Price Will Hit $1 Million, Says Social Capital Founder 23263 Total views 550 Total shares Chamath Palihapitiya, founder of Social Capital and co-owner of the Golden State Warriors,  voiced his opinion  on the value and potential growth of  Bitcoin  in an interview on CNBC on Tuesday. The business leader, who first invested in Bitcoin in 2012, indicated that he sees the price of Bitcoin rising massively in the next 20 years as adoption continues to grow. His analysis echoes  other commentators and investors  who have seen the potential for Bitcoin’s price to reach levels close to $1 mln. Palihapitiya explains his prediction as based on the evaluation of Bitcoin as a  store of value  comparable to  gold . He said: “This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosiv...

Why Are Bitcoin Futures Trading for Higher Prices than Bitcoin Itself?   271 Total shares ANALYSIS In an efficient market, prices in the futures and spot markets tend to converge. Bitcoin futures, however, are trading at a more than 10% premium compared to prices in the spot market. Arbitrage opportunities In an efficient market, arbitrageurs spot price differences and make contra-trades in both markets, netting a profit without taking any risk. In this case, arbitrage  traders  can sell Bitcoin futures and buy Bitcoins in the spot market, locking in a profit irrespective of the way Bitcoin's price moves. According to  Bloomberg , Bitcoin futures command a premium of ~13% since trading began on CBOE on Sunday. Edward Tilly, Chairman and CEO of CBOE, told Bloomberg Arbitrage will close that gap, but it will be days and weeks. It is not going to be the 12 hours or so that we have been up and trading. There is much to learn. There is a great deal from a li...

Digital Currency Dash Now Usable at 13,000 Locations In Brazil   399 Total shares The cryptocurrency  Dash  has made waves over the past months as the price has continued to increase. A new win for the currency has come from a partnership with CoinBR, a  Brazilian  cryptocurrency company. The connection is a particular win for Dash, as the  cryptocurrency , through the CoinBR platform, is now able to be used throughout the country at more than 13,000 locations that support the CoinBR platform. The announcement was made via Twitter: Dash expansion The Dash network has been growing exponentially over recent months, and the price has followed suit. Of particular note, the digital currency recently announced that  2 MB blocks have now been activated  on the network in order to increase transaction efficiency. The currency is eyeing an increase to  5 MB blocks  next. Additionally, inclusion into the Uphold crypto app adds to incr...

Litecoin Market Cap Crosses $15 Billion and Still Rising   356 Total shares In a massive run up since the weekend the price of  Litecoin  has risen from under $100 on Friday to almost $300 at press time. Along with the  price growth , the market cap of the  altcoin  has risen from $8 bln to over $16 bln in just two days. The price spike has largely been attributed to a combination of increased awareness of  Bitcoin , and the potential for Litecoin to become the payment method of choice, should Bitcoin price become so large that smaller payments are not viable. The price jump led to an outcry of despair on Twitter under the hashtag  #ShouldveBoughtMoreLitecoin , as investors regretted not buying more of the altcoin when prices were low. Massive rise The huge rise in Litecoin’s market cap and price point reflects the  overall growth  in cryptocurrency adoption globally throughout 2017. The increase has been so substanti...

This cryptocurrency with 5,700% return in 2017 is giving serious competition to bitcoin! By  Rahul Oberoi , ETMarkets.com | Updated: Dec 12, 2017, 04.46 PM IST Digital currency  Litecoin  overtook  IOTA  and  Ripple  and became the fourth largest cryptocurrency in terms of market capitalisation after bitcoin, ethereum and  bitcoin  cash.  With market capitalisation of Rs 0.88 lakh crore, litecoin was trading at Rs 16,313 at around 10.55 am (IST), according to the data available with coingecko.com. In the international  markets , the currency is hovering at around $253.  On a year-to-date basis, litecoin has surged over 5,700 per cent till December 12, whereas bitcoin has gained 1,550 per cent during the same period.  IOTA and ripple have market capitalisation of Rs 0.75 lakh crore and Rs 0.67 lakh crore. IOTA was trading at Rs 270.59, while Ripple was trading at Rs 17.28 at around the same time. IOTA r...