All the things you wanted to know about Bitcoin and the other cryptocurrencies

Koles Coin News, 30 Dec 2016 Episode

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The 2016 year has given to crypto-enthusiasts a lot of news. KCN team has gathered the most important on own opinion events of the passing year. 42 banks of Japan have created New Blockchain Consortium. According to the Coindesk.com, 42 banks joined Japanese Blockchain consortium, including Bank of Yokohama, SBI Sumishin Net Bank and Mizuho…

South Korea announced the creation of the first-blokchain consortium, which includes twenty-one investment company, and five blockchain companies. The forklog.com reported – The priorities of a consortium were the creation of blokchain platforms for members of the association.

The political Pirate Party, aimed to make bitcoin as a legal payment currency in Iceland, has won the third place in the elections and reached 10 parliamentary seats. Cryptocoinsnews.com report, the “Pirates” have gained popularity by standing up for the privacy rights and personal freedoms.Dash has concluded partnership with Australia’s Living Room of Satoshi to integrate its cryptocurrency into bill pay service. According to the Econotimes.com, the clients can pay insurance bills, rent, utilities, credit card debt, phone bills, speeding fines with cryptocurrency. The pilot project on payment of municipal services was launched in the Zug city, Switzerland. Little more than a dozen residents of the thirty-thousand city took the opportunity to pay the fare on the train. The central bank of Denmark is planning to issue its own Blockchain-based digital currency. Cointelegraph.com reports – it will be called e-krone and used as bank’s reserve currency. Lars Rohde, governor of the Danish central bank responsible for overseeing cash production within the country, stated that the government doesn’t have any interest in printing its own physical or fiat money in the near future.

West African countries Benin and Togo are going to run national cryptocurrencies controlled by central banks. George Sagala, the president of eCurrency, told in the interview for CoinIdol.com: “eCurrency enables central banks to issue a digital fiat currency”. This cryptocurrency will be run as the national currency and regulated by the country’s central bank. The Rotterdam city, Cambridge Innovation Center and Deloitte are developing real estate blockchain applications. The concept comprises the digital recording of the lease agreements of the Cambridge Innovation Center on blockchain.

Bitcoin sky-rockets its own historical price. The digital currency’s price peaked at $911.99, according to data from the CoinDesk USD Bitcoin Price Index (BPI). Prices haven’t exceeded the $900 level since mid-January 2014, BPI data shows. Different specialists have their opinion on this fast price growth. Arthur Hayes, co-founder and CEO of exchange firm BitMEX, provided prediction to coindesk: “I am calling for $1,000 to be breached by the 31st of December 2016. The price corrected to $860 and was back above $900 in one day. That is a very healthy pullback. We will make a run for $1,000 before year end.” Vinny Lingham, co-founder and CEO of Civic.com released a highly anticipated blog post entitled “Bitcoin 2017: A Currency Devaluation Hedge for Emerging Markets” on December 28, cointelegraph reports, in which stated: “I do expect a 2 -3x price growth overall in 2017 for the USD/BTC pair. This may result in Bitcoin prices in other currencies being up 4 -7x, but I think it’s fair to say that USD/BTC pairing is what we should use as the benchmark.”Saxo Bank, the online multi-asset trading and investment specialist, has released its annual set of ‘Outrageous Predictions’ for the year 2017, coinidol reports, and stated – the Bitcoin price may triple in value and rise up to the level of $2,100.

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