by Tyler Durden For the 3rd night in a row, China opens with a panic bid for Bitcoin.The cryptocurrency is now up over 14% in less than 3 days, topping $900 for the first time since December 2013.Interestingly yuan is not moving much tonight.The USD price for a Bictoin has soared over 14% in the last 2 days.We first warned of this 'outlet' for Chinese capital in September 2015 when Bitcoin was trading around $200...now it is topping $900...And volume is very heavy once again from China... Getting very close to record highs...As a reminder, back in 2013, the government classified bitcoin as a commodity and not currency, placing it outside the purview of the foreign-exchange regulator, the people said.That does not mean, however, that China is powerless at limiting bitcoin's upside.Several Chinese government bodies including the People’s Bank of China and the financial regulators said in a joint notice that year that bitcoin functioned like a digital commodity without the legal status of a currency.

The central bank said in January it is studying the prospects of issuing its own digital currency and aims to roll out a product as soon as possible.While China dominates bitcoin mining and trading, the government has shown caution over its spread in the nation.In 2013, the PBOC barred financial institutions from handling bitcoin transactions.Bitcoin reached a new high at $1,271 per bitcoin yesterday, and for the first time surpassed the price of gold per ounce, which was worth $1,235 by the end of last night.A year ago, one bitcoin was valued at $421, so it's nearly tripled in 12 months, while gold's price was about the same last year as it is today.One reason for the virtual currency's surge, according to NBC News: One factor that may have led to bitcoin's price surge is an upcoming decision by the Securities and Exchange Commission on whether to approve a bitcoin exchange-traded fund (ETF) proposed by venture capitalist twins Tyler and Cameron Winklevoss four years ago.The decision, which is expected by March 11, would mark the first bitcoin ETF in the U.S.

If approved, the ETF would have to buy an estimated $300 million worth of Bitcoin, potentially doubling the value of the currency.Proponents of bitcoin, like Kelly, argue that the digital currency may be edging out gold as an alternative asset.And another reason for the record high, according to Bloomberg: The latest surge in bitcoin’s value has been attributed to tighter currency restrictions in countries such as China, India and Venezuela, as well as speculation about prospects under the Trump administration.But Bloomberg reminds us that the last time bitcoin peaked in 2013 at $1,137, it then "fell 53 percent in less than a month."Photo by BTC Keychain SHARE / TWEET / 99 COMMENTS This power pack has a tracker built in, so it will be exceedingly difficult to lose Although flagship smartphones are unlikely to adopt heavy-duty outer casing anytime soon, you can always prepare your device for the outdoors with a beefy case and and an external battery like this Nomad Tile Trackable PowerPack, available in the Boing Boing Store for $119.95.The Nomad Tile can fully recharge an iPhone 7 over three times […] READ THE REST Time for a new wallet?

Check out this slim, RFID-blocking one Even though credit cards now feature an EMV chip for securing transactions, they still have to include the magnetic strip for compatibility with older point of sale systems.Because of this, there’s no way for the chip’s new security capabilities to protect against card skimmers in the wild.How do you protect yourself from legacy-technology-induced fraud?[…] READ THE REST Aura is a mobile meditation trainer that learns from your sessions As the old saying goes, “You should sit in meditation for 30 minutes every day.ethereum private keyUnless you are too busy, in which case you should meditate for an hour.” Since most of us have an endless list of things to do and people to see, carving out quiet time can feel impossible, especially when most […] READ THE RESTbitcoin to pound graph

The price of bitcoin digital currency, which more than doubled in 2015, is poised to surge even higher next year as investors have regained confidence in its stability after the collapse of the Mt.Gox exchange in 2014.Bitcoin is trading for about $443, an increase from its $200 level during the beginning of the year.That's better than the 12-month forecast of $400 Wedbush Securities made in July (the firm has since raised its forecast to $600).litecoin redfitAccording to Adamant Research, bitcoin's price has surged more than 900 percent since it began trading 2010.Opinions vary about how high bitcoin will rise in 2016.ethereum buy hong kongAn unscientific poll by CoinDesk, which follows the market, found 37 percent of respondents thought prices would hit between $500 and $1,000.will bitcoin reach 10000

Another 26 percent thought it might top $1,000 as demand continues to climb.But experts such as Michael Sonnenshein, director sales and business development for Grayscale Investments, which sponsors the Bitcoin Investment Trust (GBTC), were reluctant to provide a forecast."I am not concerned about a bubble," said Sonnenshein in an interview."If you go back and look at the bitcoin price chart, it's a series of bubbles and busts."Bitcoinbitcoin just crashedhit its stride in 2015.bitcoin shop bezahlenPrices surged 80 percent during the last six months and are up 90 percent over the past three.litecoin gbp chartVenture capital investments in the sector hit are running at over $900 million to date, according to Adamant Research.ethereum israel

Among the big-named investors that have taken a shine to the online currency are venture capitalist Marc Andreessen, who was an early backer of Facebook (FB) and Twitter (TWTR), and PayPal (PYPL) co-founder Peter Thiel."Inthe traditional markets we are seeing increased volatility and insecurity," said Tuur Demeester, Adamant's editor-in-chief and a bitcoin investor, in an interview."Bitcoin's fundamentals are stronger than ever."Thedigital currency is designed to be scarce.About 15 million of the 21 million bitcoins that are planned to be minted and circulated have already been created.Supplies will be further tightened this summer during what industry insiders call a "halving event."That happens every four years, when the number of coins that bitcoin "miners" mint is cut by half."Thelast time this happened, there was considerable movement in the bitcoin price," Grayscale's Sonnenshein said."It will be very interesting to see how the market digests the halving event."Expectationsfor the sector are surging.