Bitcoin Roundup June 15, 2016


Bitcoin Price Hits Two-Year High – WSJ

The price of the digital currency bitcoin hit a two-year high Monday, trading above $700 for the first time since 2014, after it jumped 21% over the weekend. 


Jersey-based asset manager acquires Swedish issuer of bitcoin ETN | Reuters

Asset management firm Global Advisors (Jersey) Limited said on Tuesday it has acquired XBT Provider, a Swedish publicly-listed company that launched the world’s first bitcoin-backed exchange traded note. 


Bitcoin rebounds to two-year high as yuan weakens | afr.com

The cryptocurrency rallied to $US720.77 on Monday, the highest since February 2014, according to data compiled by Bloomberg. It was trading at $US692.83 as of 2.20pm in New York, up 20 per cent from Friday. 


New York approves Ripple Lab’s application for bitcoin license

New York state’s financial regulator on Monday approved a license for bitcoin company Ripple Labs Inc, allowing it to offer digital currency services in the state. 


Satoshi Nakamoto owns $700 million in bitcoin – Business Insider

The digital currency is on a powerful upward trajectory, jumping in value by well over 30% in the space of a month. On Monday, the price peaked at $719 – far, far above the $200-mark it was languishing at in August 2015. (As of writing, it sits a little below this week’s high, at $690. 


Businesses Stockpile Bitcoin For Ransomware | PYMNTS.com

A U.K. corporate networking firm has found some intriguing patterns emerging among corporations as the risk of cybercrime grows. Researchers at Citrix this month found evidencethat businesses are shoring up reserves of bitcoin so they can pay ransoms as quickly as possible should they be hit with ransomware. 


Bitcoin Price Technical Analysis – Potential Uptrend Correction

The 100 SMA is above the longer-term 200 SMA so the path of least resistance is to the upside. In addition, the gap between the moving averages is widening, which means that bullish momentum is getting stronger. 


Blockchain of Love: Someone Proposed Using Bitcoin | Motherboard

The only thing more uncomfortable for friends and close relations than filming your marriage proposal and putting it online is being really, really into bitcoin. 


Ethereum Hits $1.5 Billion Market Cap amid Bitcoin Surge

It is positive to see multiple cryptocurrencies faring well at the same time. Bitcoin and Ethereum are not competing with each other by any means, and they can peacefully co-exist. 

Bitcoin climbed 20% today

There’s a clear correlation trade shaping up. Whenever there is a threat of capital controls or an inability to get money in or out of a country, Bitcoin climbs. 

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