Cryptocurrencies

Bitcoin Surges Past $4,000 as Speed Breakthrough to Fuel Spread

Posted on by The Editorial Team
Bitcoin Surges Past $4,000 as Speed Breakthrough to Fuel Spread

LAGOS (Capital Markets in Africa) – Bitcoin soared past $4,000 for the first time on growing optimism faster transaction times will hasten the spread of the cryptocurrency. The largest digital tender jumped to a peak of $4,298 Monday, a gain of nearly 20 percent since Friday, after a plan to quicken trade execution by moving some data off the main network was activated last week. The solution — termed SegWit2x — had been so contentious that…

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With No ‘JPMorgan of Bitcoin,’ Exchanges Struggle to Win Trades

Posted on by The Editorial Team
With No ‘JPMorgan of Bitcoin,’ Exchanges Struggle to Win Trades

LAGOS (Capital Markets in Africa) – Bitcoin needs “Downtown” Josh Brown more than he needs bitcoin. Brown, the chief executive officer of Ritholtz Wealth Management and author of a popular finance blog, has long been sceptical of the digital currency. He finally bought some, he said, “because the goddamn thing won’t go away.” Bobby Lee, BTCC co-founder and chief executive officer, discusses the outlook for cryptocurrencies. Still, Brown, who helps manage half a billion dollars, isn’t really a convert…

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