Remove 2017 Remove Blocks Remove Caps
article thumbnail

Today In Data: The Story Behind The Bitcoin Story

PYMNTS

You’ve probably read a lot about bitcoin lately, as its value has been running a seemingly infinite victory lap this week and throughout 2017. 182% | Increase in bitcoin value in 2017. 10 | Transactions included in one data block of bitcoin’s Satoshi blockchain. But there’s more to bitcoin than stocks and price per coin.

Bitcoin 47
article thumbnail

Bitcoin Tracker: Another Tough Week

PYMNTS

While the debate stems from differing ideologies on block size , the controversy calls into question the ability of a digital currency without a central authority to update and innovate itself in any meaningful way. The estimated market cap is at just over $16.6 Well, as long-term as bitcoin value can be.

Bitcoin 65
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Bitcoin Gets Second (Or Third, Or Fourth) Wind

PYMNTS

The recent market cap at $250 billion has not been seen since August of 2018. The move this time around is reminiscent of the one that drove bitcoin to its all-time high of nearly $20,000 in 2017. bitcoin upon validating transactions and adding blocks to the chain that makes up blockchain. As that happens, miners get 12.5

Bitcoin 64
article thumbnail

South Korea Detains Head Of Coinnest, Other Crypt Exchange For Embezzlement

PYMNTS

South Korea is one of the world’s major hubs for crypto-trading — a local ban was considered a stumbling block for an exploding market. It has also been a weight on the price of bitcoin, which has seen its prices struggle in early 2018 after explosive growth capping off 2017.

article thumbnail

South Korea Says It Will Not Ban Crypto-Trading

PYMNTS

South Korea is one of the world’s major hubs for crypto trading — and a local ban was considered a stumbling block for an exploding market. It has also been a weight on the price of bitcoin, which has seen its prices struggle in early 2018 after explosive growth capping off 2017.

article thumbnail

What Is Blockchain Technology?

CB Insights

As of this writing in mid-November 2017, the total market capitalization of cryptocurrencies hovers around $220B (with a single bitcoin trading for upwards of $8,000). Initial coin offerings (ICOs) have exploded in popularity, closing on $3B+ in funding in 2017 alone. Everyone’s talking about them, but what do these terms really mean?

article thumbnail

Payments’ Stranger Things

PYMNTS

The Fed reported that in 2017 about half of all people with bank accounts used their bank’s mobile app to conduct transactions. The token has been in existence since December 2017, when it launched a presale and reported taking orders for more than $100 million in tokens in its first 12 hours. Putting Caps on Innovative Companies.

Bitcoin 44