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Increase bitcoin value

Theresa May, the unelected British prime minister has surprised as well as excited everyone simultaneously by calling a snap election.

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“It was with reluctance that I decided the country needs this election, but it is with strong conviction that I say it is necessary to secure the strong and stable leadership the country needs to see us through Brexit and beyond,” May told the Reuters.

The surprise/excitement is there because no one expected an election as May had already firmly stated that there won’t be one.

The sudden U-turn has seen FTSE drop some 2.46%, taken the Pound to month’s highest and increased Bitcoin value by 1.50%. Great news for Bitcoin fanatics!

The outcome of the election is somewhat certain as May is 20 points ahead of Labour leader, Jeremy Corbyn, who is considered to be unelectable by the public.

The only candidate that could give Theresa tough time is the Liberal Democrats leader, Tim Farron. The party came to power in 2010 and got a severe punishment in 2015 due to raising student fees.

The major deciding factor in this election could be the Pro-EU stance of Jeremy. However, the Labour leader has been accused of lackluster Pro-EU campaigning before the referendum took place. This has led some voters believing that he is secretly Pro-Brexit.

Therefore, the only realistic choice for 48% anti-Brexit voters is Tim Farron. But it’s still early days to predict what the Liberal Democrats leader has to offer. Will he be willing to accept the referendum’s result and campaign on soft-Brexit? Only time will tell.

However, if he does so, it may very well cause the third political earth quack in just months.

Whatever the election outcome is going to be, the decision of Britain to leave must be upheld. Fingers crossed!

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Find It Hard to Understand Bitcoin? Here Is Everything You Need to Know

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Everything You Need to Know About Bitcoin

Bitcoin is the most widely used form of digital currency in the world. It is a kind of currency that is controlled and put away altogether by high-tech PCs spread over the Internet. More individuals and organizations are starting to use this currency.

Unlike a plain U.S. dollar or Euro, bitcoin is a type of payment system, much like Paypal. (Learn how to buy Bitcoin from PayPal in two minutes)

You can hold on to it, spend it or exchange it. It can be moved around as efficiently and effortlessly as sending an email.

For those seeking information on how to make online transactions anonymously, Bitcoin is the perfect answer. Bitcoin allows its users complete anonymity to make transactions and leaves behind no traces of personal information.

Down below, we have discussed some important points as to how Bitcoin makes a complete sense and whether it can be used as an alternative to the traditional currency.

Important Points to Understand Bitcoin:

  • Bitcoin transactions are stored in public ledger called Blockchain. These transactions are recorded online and anyone with the access to Blockchain can view them. Thus, making the process more transparent. The transparency also drives new interest to the economy and results in the downfall of illegal use of the currency, such as drug ring.
  • Saying that understanding Bitcoin is more than just a currency makes perfect sense. Unlike traditional currency, it can be transferred from one country to another without any legal obligations. It dissolves the global barriers and frees currency from the control of federal governments. However, the value of Bitcoin is still dependent on the U.S. dollar.
  • Bitcoin is an open source software and the technology used in Bitcoin is quite interesting. The currency works under the laws of mathematics and is overseen by a group of highly skilled professionals. The software can run on thousands of machines simultaneously, operating in different parts of world – making it one of the unique programs out there.
  • Bitcoin was created and released onto the internet 8 years ago by an anonymous programmer called “Satoshi Nakamoto”. The software is designed to run on multiple machines – called bitcoin miner – simultaneously. These machines can be accessed and operated by anyone on the planet with the basic understanding of a PC.
  • Bitcoin miners are used to generate new coins and are designed to mine no more than 21 million coins before the year 2140. These machines enable the coins to slowly expand and encourage the Bitcoin miners to keep the system growing.
  • When new coins are generated, they are given to the miners. The miners keep track of all the bitcoin transactions and add them to the Blockchain ledger. In exchange, they are rewarded with a few extra bitcoins. The currency reward limit currently stands at 25 bitcoins, which is paid out to the world’s miners about six times per hour. Those rates can change over time.

Wrap Up:

These are some facts that make Bitcoin unique in comparison to other currencies out there. Taking everything into account, bitcoin pushes the limits of innovation. Much like PayPal in its outset. However, the marketplace will have to decide if the risks related to Bitcoin and payment system make good sense in a longer run.

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Bitcoin Hitting High Notes

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Digital Currencies on the Rise

Bitcoin has been on the climb to sky-rocket since the currency split into two a week ago, with its total market value standing at around $55 billion, it seems as there’s no place the cryptocurrency would rather be.

It is now standing at $3260.80 per coin after experiencing it hit $3344 for the first time ever.

 

 

Bitcoin Cash, meanwhile, is back up 28% valued at $271.71 after its drop from $727 on August 2.

Trading platform eToro’s analyst, Mati Greenspan says Bitcoin Cash’s dip and Bitcoin’s surge are likely correlated.

Greenspan wrote in an email on Monday morning: “All that money that seemingly came out of thin air to pump up the value of Bitcash is now being fed right into Bitcoin. Bitcash has fallen from its peak of $12 Billion all the way down below $4 Billion this morning. Bitcash sought to replace the original form of digital money but the miners never embraced it. As it was seen by many as something for nothing, many users are now dumping.”

Related: Buy Bitcoin Online

This is how Bitcoin had performed last year, this proves that we’re now on record-breaking grounds.

 

News and Image Credits: businessinsider.com

 

 

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What Are Some Ways To Buy Bitcoins Through Wire/Bank Account?

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Ways To Buy Bitcoins Through Bank Account

If you are a player of online world and love to make digital currency transaction, then the word “Bitcoin” is not probably new to you as it’s the most popular form of cryptocurrency out there.

Bitcoin can easily be bought through a credit/debit card.

But what if you don’t have access to either of the card? You will need to buy Bitcoin through wire transfer or a bank account.

The bank account transfers involve lower fees and lower risks. Moreover, the bank transfers are irreversible to keep the users from “chargeback fraud”, which is pretty common for debit/credit card users.

In a chargeback fraud, the consumer disputes the credit card transaction in order to secure refund – eventually reversing the entire transaction.

Moreover, purchase limits in bank transfers are much higher than those of credit card transfers. A downside of bank transfer is that it’s relatively complex to execute and may take longer than a credit card transfer as it needs to go through several banks before a transaction could take place.

Depending on your location, there are several exchanges that transfer bitcoins. In this article, we have discussed the reputable exchanges that provide bank wire services.

In the USA:

The best and most renowned exchange in the USA to buy Bitcoin is Coinbase. Coinbase is one of the most reputable firms and has been around since 2012.

The exchange lets your account connect with 26 different banks and only accepts ACH (Automated Clearing House) transfers.

A paramount advantage of using CoinBase is that it has a high liquidity and won’t run out of coins any time soon.

In order to buy Bitcoins via Coinbase, you will need to provide your bank transfer details on their website and you will be good to go.

Coinbase only charges 1.49% on a bitcoin purchase made through a bank account.

In Europe:

EU residents can also use the services of Coinbase. But here, the locals can only buy the coins through SEPA (Single Euro Payment Area). The fees are basically the same as the US.

In Europe, there are several other exchanges that sell Bitcoin through bank transfer. Kraken, Bitstamp are few to name.

For the UK residents, Coinfloor is the “go-to” exchange. However, all these exchanges only sell Bitcoin through SEPA transfer.

In Other Major Countries:

Those who don’t live in the US or EU can buy bitcoins through international exchanges. These exchanges will allow you to buy coins via wire transfer. Bitstamp, Kraken, Bifinex, CEX.io and BTC-e are few to name. However, the reputation of BTC-e is a bit shady so we recommend caution.

Conclusion:

If you are thinking of buying Bitcoin but do not have access to a credit/debit card, you can do it through the methods mentioned above. Also, keep in mind that some banks may require additional transfer fees or personal info, based on the nature of a transaction.

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