"Banking on Bitcoin" is a helpful, critical look at cryptocurrency.

Unless you’ve been completely avoiding the news—and in dumpster fire of America that is 2017, I can’t blame you—you’ve probably heard of Bitcoin. You probably also have no idea what Bitcoin or “the blockchain” actually are. Then again, no one really seems to. Bitcoin may revolutionize the world or be the biggest financial bust since the Dutch Tulip mania. Either way, the “cryptocurrency” has skyrocketed in value in recent years leading to Bitcoin millionaires and such a scramble to get on the gravy train that people are even mortgaging their houses to buy Bitcoin. If you’d like to learn about the strange history of Bitcoin, and it’s possible radical future, you should watch Banking on Bitcoin, a 2016 documentary currently streaming on Netflix.


Bitcoin surpasses $10,000 for the first time

One bitcoin can now buy a Tiffany engagement ring.

The digital currency hit $10,000 Tuesday, according to CoinDesk, marking an exponential ascent from 6 cents seven years ago and less than $1,000 at the start of this year.

The cryptocurrency had hovered above the $9,800 level for most of the day, but finally broke through the milestone level around 8:30 p.m. ET, according to CoinDesk. After a brief stutter, bitcoin continued its march higher, hitting $10,358.31 by 10:39 p.m. ET.


Bitcoin Blasts to Record $10,000 as Bubble Warnings Multiply

Bitcoin surpassed $10,000 for the first time, taking this year’s price surge to more than 10-fold even as warnings multiply that the largest digital currency is an asset bubble.

The euphoria is bringing to the mainstream what was once considered the providence of computer developers, futurists and libertarians seeking to create an alternative to central bank-controlled monetary systems. While the actual volume of transactions conducted in cryptocurrencies is relatively small, the optimism surrounding the technology continues to drive it to new highs.


Kim Dotcom: Bitcoin Price Will Hit $2,000 in Two Years

Bitcoin has undergone an impressive rise and is hovering at around the $611 mark. That’s about $7 higher than it was during our last price piece. However, if Kim Dotcom has anything to say about it, the bitcoin price will be much higher in the next couple years.

Read more: http://bitcoinist.net/kim-dotcom-bitcoin-price-2000/

Go with Bitcoin, Skip Central Banks, Says Billionaire Finance Manager Bill Gross

In his latest investment outlook letter released today, billionaire bond manager Bill Gross, who runs the $1.5 billion Janus Global Unconstrained Bond Fund has notably picked bitcoin as an attractive storage of wealth for investors, while delivering a damning verdict on the manner in which the central banking system is administered.

Read more: https://www.cryptocoinsnews.com/go-bitcoin-skip-central-banks-says-billionaire-finance-manager-bill-gross/

India May Get Major Bitcoin Boost as Unocoin Raises $1.5 Million

The Bangalore based Indian Bitcoin company Unocoin has raised US$ 1.5 million in pre Series-A round. This is the highest amount of money raised for a digital currency company in India.
Money for Uncoin poured in from well known Indian venture capitalists like Blume Ventures, Mumbai Angels and ah! Ventures. International investors backing Uncoin include Digital Currency Group, Boost VC, Bank to the Future, Bitcoin Capital and FundersClub. 

Instacoin Installs 20th Bitcoin ATM In Canada

It is always positive to see companies expand their presence in the world of Bitcoin and digital currency, especially when they provide a service that makes buying Bitcoin easier. Bitcoin ATMs are a great way to introduce novice users to the concept of digital currency, as they allow for the easy conversion from fiat to BTC on the spot.
Instacoin is becoming a force to be reckoned with in the Canadian Bitcoin market, as they added another three Bitcoin ATMs to their tally yesterday. With 20 machines deployed throughout the entire country, it is clear for anyone to see Bitcoin could thrive in Canada, and reaching critical mass is well within reach. 

Read more: http://themerkle.com/instacoin-installs-20th-bitcoin-atm-in-canada/