Look Who it Was Random video

August 30th Cryptocurrency News Round-Up- Bitcoin Hits New Record High

907 views · Published 30 August 2017 · 2:46 · Indexed 24 October 2026

Channel: NEWSBTC · 2017 · People & Blogs

Watch on YouTube

The big topic all summer has been bitcoin and many people were concerned about the August first split, but it's been 4 weeks since bitcoin cash was created and guess what the most popular cryptocurrency did not crash instead we have seen it climb steadily, continuing to hit record highs. Yesterday we saw it hit another record high demonstrating that the bitcoin bulls have been right. Global tensions increased yesterday after North Korea fired a missile over Japan. Just a few hours after this news made the headlines we saw bitcoin suddenly skyrocket all the way to a fresh record high. Today it started to fall a little just under $4,600. We have seen the US dollar under pressure on weak NFP expectations as this could remove hopes of another Fed interest rate hike later this year, but an upbeat reading could boost dollar demand against bitcoin. The second largest cryptocurrency by market cap Ethereum also had a pretty good day yesterday as it surpassed $360 and it is having an even better day today as it climbed past $388. Bitcoin Cash surged briefly at the weekend but since then it has been moving lower, but  today it managed to climb back towards $600. 
Llew Claasen, the Head the non-profit Bitcoin Foundation gave discussed the potential of bitcoin in Africa at a TEDGlobal conference in Tanzania. According to the BBC, he told people to invest "no more than they can afford" in the crypto-currency. He discussed the potential impact it could have on Africa telling the BBC that “it means a small business owner can tokenise shares in his business so investors do not have to go through a central intermediary or register their shares.” This means it would be easier for investors to both put money in and take it out of businesses. This month, in a press release the organisation  said it has retained counsel to advise it in its attempts to fight against increased federal and state regulatory efforts to control and stifle the adoption and use of “virtual currencies” such as Bitcoin.

More from this channel