Bitcoin Trading at 85% Premium in Zimbabwe - Priced at ₦2.6Mln ($7,200)

Stories of hyperinflation in a variety of countries have now been mounting in recent days. As citizens face the truth that their country has devalued its currency, they're forced to take backpacks of cash to get a loaf of bread.

Bitcoin Price is Headed to ₦9,150,000 ($25,000) Despite Recent Setbacks: Researcher on CNBC

The value of Bitcoin may now be compared with that of gold as it’s likely to be heading ₦9,150,000 $25,000 in five years according to Tom Lee, Head Research of Fundstrat Global Advisors and Former Managing Director of JP Morgan Chase.

He said it in his recent interview with CNBC’s Fast Money program.

Japan Bags the Largest Bitcoin Market as Traders Disown China

Japan has once again become the largest Bitcoin exchange market with 50.75 percent market share of the global Bitcoin exchange market. Analysts including BitFury Vice Chairman George Kikvadze attributed the surge in the trading volume of the Japanese Bitcoin exchange market to the exit of Bitcoin traders in China.

Bitcoin Price Bounces Back ‎₦146,000 ($400) In Minutes As China Gives Huobi, Okcoin Extra Month

 
The latest news from China has ‘sweetened’ reports all exchange should close by September 30, giving Huobi and Okcoin an extra month of life.

Former Bitcoin Exchange BTC-e Reopens as WEX.nz

BTC-e, the Russian exchange platform closed by the FBI recently, has officially reopened for users on the new domain name WEX.nz, according to a post on the BTC-e Twitter account.

Best Time to Buy Bitcoin as “Unreliable Sources” from China Spook Markets

As usual there's an enormous overreaction from news originating from China. It's possible to state that the foundation of latest announcement that China is banning ICOs and exchanges is unreliable as there's been no formal statement from the government official.

China Ban on ICO is Temporary, Licensing to be Introduced: Official

During an interview with state-owned national television network CCTV-13, Hu Bing, a researcher at the Institute of Finance and Banking, a Chinese government-supported academic research organization, claimed that the government’s ban on initial coin offerings (ICOs) is only temporary.

The Chinese Academy of Social Sciences and its Institute of Finance and Banking are affiliated with the State Council of the People's Republic of China, the chief administrative authority of the People’s Republic of China. The Chinese Institute of Finance and its researchers are considered to be a government institution and government officials.

Bitcoin Price Drops After JPMorgan CEO Harsh Rhetorics

JPMorgan CEO Jamie Dimon has continued his anti-Bitcoin rhetoric saying it is “worse than Tulip Mania” and only for “drug dealers.”

Speaking at a New York conference, Dimon, who is famous for his Bitcoin criticism, added he would “fire in a second” anyone at his firm trading the virtual currency.

Equifax Hackers Demanding $2.6 Mln in Bitcoin, Or Else

The recent hack of Equifax has created widespread concern among many Americans, as the hack has apparently exposed the private information of more than 143 million people.

The hackers have now made a ransom demand, stating on a Darkweb site that they will delete the data for a ransom payment of 600 BTC, worth approximately $2.6 mln. The demand said that if they do not receive the funds from Equifax by September 15th, they will publicize the data.

Brother, Can You Spare a Bitcoin? Miami Mansion Is Listed for About 1,400BTC (or $6.5M)

 
It wasn’t long ago that bitcoin was virtually worthless: In 2011, anyone could buy a single unit of the digital currency for around $1. Today, it would set you back $4,600. A $20 investment in bitcoin six years ago would be worth more than $92,000 today.

The world’s newly minted bitcoin millionaires are now hunting for big-ticket items to buy with their cryptocurrency. And what better place to drop some cash, virtually or otherwise, than some luxury real estate?

40 Rooms suitable for Hostels & Hotel On A Tarred Road @UNAD Ekiti State With C of O For sale

One Storey 40 Rooms all ensuite with Kitchin, Balcony and Varanda, suitable for Hostels & Hotel On a Tarred Road at University ot Ado Ekiti (UNAD) With C of O and Building approval on 1358.235 SQM (90% complete) For sale

Boycotting the state: 6 of the world’s largest banks have teamed up to create a new form of digital currency.

The institutions, including Barclays and Credit Suisse, will be working on the so-called “utility settlement coin,” created by the Swiss banking giant UBS to make financial markets more efficient.
The new cryptocurrency will aim to enable the clearing and settling of global financial transactions over blockchain technology.

Crypto Currencies: The Internet of Money (Digital store of Value)

This article will give an overview of what a Crypto Currency is, where they came from and what the crypto geeks among us expect for the future. We will briefly look at the two most important cryptos, the start of this phenomenon, the philosophy, the size and growth of the market, ICO’s (Initial Coin Offerings) and then take a final look at the most major happenings in Russia.

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