Posts Tagged: Digital Currencies

10 Digital Currencies Now Have Market Values Totalling Over $1 Billion

Digital Currencies

The number of digital currencies that have exceeded a market value of $1 billion is 10 with values ranging from $1.3 billion to $70 billion. The top 10 cryptocurrencies with market values exceeding $1 billion include bitcoin, ethereum, ripple, bitcoin cash, IOTA, litecoin, NEO, NEM, dash and ethereum classic.   Bitcoin, the Number One Ranking… Read more »

Goldman Sachs: It’s Harder for Investors to Ignore Digital Currencies

Digital Currencies

Goldman Sachs has said to clients that the boom in value that digital currencies are experiencing is ‘worth watching.’ Analyst Robert D. Boroujerdi and his team, said in a note to portfolio managers, that: “With the total value nearly $120 billion, it’s getting harder for institutional investors to ignore cryptocurrencies.” On the 5th August, the… Read more »

South Africa’s Central Bank to Start Testing Digital Currency Regulations

Digital Currencies

The South African Reserve Bank (SARB) has announced that it will begin testing regulations for digital currencies such as bitcoin. During the first seven months of 2017, the digital currency market has experienced huge gains with slight drops in between. At the beginning of the year bitcoin was valued at $1,000; however, its price has… Read more »

Venezuelans Turn to Digital Currencies Amid Increasing Political Crisis

Digital Currencies

A rising number of Venezuelans are turning to digital currencies such as bitcoin as the country continues to battle a political, economic and social crisis. In February 2017, inflation in the country is reported to have soared to 741 percent year-on-year. In December 2016, inflation rose by 800 percent, reaching an all-time high. In comparison,… Read more »