Bitcoin up 5% since Monday
Quebex Fintech Inc. Jun 21, 2017
Bitcoin is cautiously creeping back toward $3,000 USD following last week’s harsh correction; as of 12pm, ET, Wednesday the average price of a coin is $3,679.10 CAD, according to data from CoinDesk – up 5% since Monday, though down slightly in 24 hours.
The coin has stabilized over the last week or so after experiencing an unprecedented boom period which lasted a good few months – excluding one or two brief setbacks – and saw the value of the cryptocurrency shoot up roughly 140%.
Altcoins aren’t looking so good at time of press with most showing red; notable losers are Ethereum at $312.03 USD (down 14.32%), Ripple at $.27 USD (down 10.29%) and Factom at $32.90 USD (down 10.41%).
Recent success stories include Iconomi – a digital assets management platform still in the development phase – which has been on a bullish run for about a month now and is up 136% in a week and an incredible 250% in 30 days.
Elsewhere, Cofound.it, which completed the world’s largest presale a few weeks back – amassing $15 million USD in 60 hours, went public on Monday.
The presale was funded in Ethereum; 1 ETH converted during the pre-sale (during presale, 1 ETH was trading at roughly $250 USD)—2,209.847 CFI tokens—was worth $860 USD by Monday.
CFI’s worth has since dropped by about 20% but, given it’s a brainchild of the wildly successful Iconomi group, the future looks bright.
Given the often-high initial valuations awarded to new crowdfunded tokens upon hitting the exchanges, many investors will buy tokens in the presale by way of donation with an eye to immediately sell once the coins go public; it’s proven an effective strategy for many.
In other news, bitcoin made headlines once again today thanks to a young man named Erik Finman; 18-year-old Finman is sitting on 401 bitcoins with a market value of more than $1 million USD, having started investing and trading in bitcoin and other cryptocurrencies at the tender age of 12.
Although some analysts are warning of a looming bitcoin crash, Finman believes its best days are yet to come – he told CNBC: "Personally I think bitcoin is going to be worth a couple hundred thousand to a million dollars a coin."
Time will tell; bitcoin’s been the best-performing currency every year since 2010, excluding 2014.
The coin has stabilized over the last week or so after experiencing an unprecedented boom period which lasted a good few months – excluding one or two brief setbacks – and saw the value of the cryptocurrency shoot up roughly 140%.
Altcoins aren’t looking so good at time of press with most showing red; notable losers are Ethereum at $312.03 USD (down 14.32%), Ripple at $.27 USD (down 10.29%) and Factom at $32.90 USD (down 10.41%).
Recent success stories include Iconomi – a digital assets management platform still in the development phase – which has been on a bullish run for about a month now and is up 136% in a week and an incredible 250% in 30 days.
Elsewhere, Cofound.it, which completed the world’s largest presale a few weeks back – amassing $15 million USD in 60 hours, went public on Monday.
The presale was funded in Ethereum; 1 ETH converted during the pre-sale (during presale, 1 ETH was trading at roughly $250 USD)—2,209.847 CFI tokens—was worth $860 USD by Monday.
CFI’s worth has since dropped by about 20% but, given it’s a brainchild of the wildly successful Iconomi group, the future looks bright.
Given the often-high initial valuations awarded to new crowdfunded tokens upon hitting the exchanges, many investors will buy tokens in the presale by way of donation with an eye to immediately sell once the coins go public; it’s proven an effective strategy for many.
In other news, bitcoin made headlines once again today thanks to a young man named Erik Finman; 18-year-old Finman is sitting on 401 bitcoins with a market value of more than $1 million USD, having started investing and trading in bitcoin and other cryptocurrencies at the tender age of 12.
Although some analysts are warning of a looming bitcoin crash, Finman believes its best days are yet to come – he told CNBC: "Personally I think bitcoin is going to be worth a couple hundred thousand to a million dollars a coin."
Time will tell; bitcoin’s been the best-performing currency every year since 2010, excluding 2014.
Canadians With Funds in Quadriga CX unable to withdraw
Jan 31, 2019
Canadians who had funds in QuadrigaCX have been having problems withdrawing Canadian dollars for months as a cursory review of reddit threads will show, but as of January 30th, 2019, customers are unable to access their Bitcoin, Litecoin, Ethereum, and Read More...
Bitcoin futures debut in US market
Dec 11, 2017
Bitcoin is up another 10% on Monday following the launch of the first regulated Bitcoin futures late on Sunday.
One BTC is currently trading at $21,080.29 CAD, on average, as of 12pm, ET, per CoinDesk, having hit a Read More...
One BTC is currently trading at $21,080.29 CAD, on average, as of 12pm, ET, per CoinDesk, having hit a Read More...
Vulnerability in Wi-Fi protocol affects many competitors
Oct 17, 2017
ZDNet is reporting--the internet and media will quickly follow--that a recently disclosed vulnerability in Wi-Fi puts nearly every device using the technology at risk.
This comes only months after reports of the BlueBorne flaws affecting nearly every Read More...
This comes only months after reports of the BlueBorne flaws affecting nearly every Read More...
Quebex Backs the Winning Fighter
Oct 03, 2017
Quebex, being both a Canadian and Quebecois exchange, has a great fondness for Canadian and French-Canadian talent.
As such, Quebex was pleased to sponsor Mazlum Akdeniz in his debut fight at Montreal Casino.
Though his opponent danced around the Read More...
As such, Quebex was pleased to sponsor Mazlum Akdeniz in his debut fight at Montreal Casino.
Though his opponent danced around the Read More...
Quebex Response to User Activated Hard Fork
Jul 28, 2017
As you may have already heard in the news, there is likely to be a User Activate Hard Fork (UAHF) on August 1st.
Bitcoin will continue to exist. A new cryptocurrency will emerge called Bitcoin Cash (BCC), and the general Read More...
Bitcoin will continue to exist. A new cryptocurrency will emerge called Bitcoin Cash (BCC), and the general Read More...