$11 Billion: 24-Hour Cryptocurrency Trading Volume Hits New Record

$11 Billion: 24-Hour Cryptocurrency Trading Volume Hits New Record Cryptocurrency trading volume reached a new milestone on Friday, crossing $11 billion for the first time amid regulatory uncertainty in China. Crypto Markets Post Record Volume According to data obtained from CoinMarketCap, the combined 24-hour trading volume of all cryptocurrencies rose to $11.5 billion shortly after 16:00 UTC. The only other time daily trading volume has surpassed $10 billion was on August 19, when it briefly spiked to $10.5 billion. cryptocurrency trading volume Cryptocurrency Trading Volume & Market Cap Chart from CoinMarketCap Bitcoin topped the charts with $4.2 billion in volume, while ethereum and litecoin posted $1.9 billion and $1.5 billion, respectively. In all, 10 different currencies posted volume greater than $100 million. cryptocurrency trading volume Chart from CoinMarketCap Bithumb and Bitfinex each handled about $1.5 billion in trades while Chinese bitcoin exchange OKCoin accounted for $750 million. Altogether, at least seven exchanges, including GDAX, Bittrex, Poloniex, and Huobi surpassed the $500 million mark (Volume had tapered off a bit by the time of writing, so it is possible Kraken and Coinone crossed $500 million earlier in the day). Friday’s trading volume surge was caused by market volatility stemming from China’s crackdown on bitcoin exchanges. Yesterday, the markets crashed following reports that a bitcoin exchange ban was “certain” and BTCC’s subsequent announcement that it would shut down all trading services at the end of September. The markets continued to plunge Friday morning as Huobi and OKCoin were rumored to be meeting with regulators and two smaller exchanges–Yunbi and ViaBTC–also announced September closures. However, later in the day OKCoin and Huobi issued concurrent statements that suggested they might continue providing cryptocurrency-to-cryptocurrency trading services. Both exchanges announced that they would close CNY trading pairs on October 31, but–unlike BTCC, Yunbi, and ViaBTC–they did not announce the suspension of “all trading.” Moreover, they indicated that they “expect to continue to provide Chinese users with [compliant] digital asset services.” These announcements led to an immediate rally, and trading volume soared to a record level as the markets climbed back to $120 billion after dipping below $100 billion earlier in the day.

About Questra and Atlantic Global Asset Management

About Questra and Atlantic Global Asset Management I am so very excited! This might just be for YOU! I have something very unique to share with you that is of the utmost importance to your financial future and I want you to see this, then say “no” but please don’t say no until you’ve seen this and have done your own due diligence! Let’s start with THE MAGIC OF COMPOUND INTEREST! Maybe at some time in your life, someone you know asked you the following trick question: “Would you rather have $10,000.00 per day for 30 days or a penny that doubled in value every day for 30 days?” Today, we know to choose the doubling penny, because, at the end of 30 days, we’d have about $5MM versus the $300,000.00 we’d have if we chose the $10K a day! Compound interest is often called the “EIGHT WONDER OF THE WORLD” because it seems to possess magical powers, like turning a penny into $5MM in just 30 days! The great part about compound interest is that it applies to money, even little amounts like a penny or $100.00USD in the AGAM business model! It helps us achieve our financial goals, such as becoming a millionaire, and becoming financially independent! With only $100.00USD, (a meal for four family members at your local restaurant) you can be a millionaire in 222 weeks and have accumulated € 1,045,440.00! This is just like a CD, tax sheltered 401K, RRSP or other investment vehicle or is it? These vehicles keep the compounding for themselves and give you simple interest and they laugh all the way to the bank! Oh wait, maybe they are the bank! NOW, we can all participate with AGAM and receive the magic of compound interest for ourselves and if you are smart, your family, friends, and circle of influence as well! I stand corrected, it is not the magic of compound interest, it is even better! IT IS THE MAGIC OF COMPOUNDING PROFITS! One of the main reasons I’m so excited about AGAM is that I have personally experienced this compounding impact back in 2005 to 2007 with Castle Fair Ministries! We had two Forex traders in Switzerland earning our debt relief programs between 18-25% a month and they were earning that amount for themselves too! It was a perfect business until the US Govt and IRS destroyed the relationship of US entities with Switzerland and we had to shut down even though everything was done legally! But with AGAM, they are not only legal and lawful and have set themselves up offshore, but also have an eight-year track record with 25 Wealth Managers spreading the risk and during this eight-year period, they have never gone below 3% a week. So not just two, but 25 seasoned professionals working on our mutual behalf and we have to do nothing other than come up with $100.00USD to get it started! THIS IS A NO BRAINER! Check it out here: http://perfectincomes.com or get back to the person who referred you to this site and sign up with them please! Still a doubter? I’M AMAZED AT HOW NORMALLY POSITIVE PEOPLE IMMEDIATELY POOP ON THIS PARADE! I’ve had someone suggest it is a scam, it says so on the internet! HMMMMM! I wonder who these negative people on the internet work for? Isn’t it wonderful that a negative person always has a problem for every solution? I took some time and reviewed the negative info on the net and what they don’t know, is, that they don’t know, that they don’t know what they are talking about! Kenetra, my referring member has provided some proof below in her letter that she sends out to people who are doubters and “proof of income received” is always one of the best indicators that the program is working but also there is proof that the company exists and contracts are signed by senior referring partners with the leaders at their home office in Spain. You will see all of that info and more in the "Overview info and Video links" section! Check it out! http://perfectincomes.com  You can check out these sites for complete accurate information! https://atlanticgam.es/about https://questraworld.es/ William Eason http://perfectincomes.com

Prepare For SB1241’s Pit Bull Assault on Bitcoin Freedom

Prepare For SB1241’s Pit Bull Assault on Bitcoin Freedom By Wendy McElroy The Future of Bitcoin 728x90 Senate Bill 1241 defines digital currencies as “monetary instruments” and digital exchanges/tumblers as “financial institutions” for purposes of enforcing anti-money laundering laws. If successful, the “Combating Money Laundering, Terrorist Financing and Counterfeiting Act” would inflict unhappy consequences on bitcoin freedom. [Note: for a section-by-section analysis of the bill, please click here. Section 13 deals directly with cryptocurrencies. The other sections become relevant only because 13 makes bitcoin fall under their purview.] Also read: European Commission Launches Digital Currency and Dark Web Consortium SB1241 would have another impact that is less obvious but Prepare For SB1241's Pit Bull Assault on Bitcoin Freedomequally sweeping. Federal law is centralized law; that is, the same regulation is imposed equally on all states. Of course, the ideal is no regulation at all except for the community standards of businesses and users. But if bitcoin is to be regulated, then a patchwork of incompatible or differing laws is far more favorable to freedom than homogeneity. A network of decentralized authorities (states) may not constitute liberty but it does offer alternatives and escapes for those who seek greater freedom. The Obvious Unhappy Consequences Section 13 of SB1241 is entitled “Prepaid Access Devices, Stored Value Cards, Digital Currencies, and Other Similar Instruments.” This would amend Section 5316 of Title 31 in two significant ways. First, 5316 currently states: “(2) ‘financial institution’ means—…(B) a commercial bank or trust company.” This would be amended to insert “or any digital exchange or tumbler of digital currency.” The news site Coindesk observes, “the bill clarifies that any ‘issuer, redeemer or cashier’ of a ‘digital currency’ is also covered.” Second, a summary of the bill provided by co-sponsor Senator Chuck Grassley (R-IA) states, Funds stored in a digital format” would be included “within the definition of monetary instruments” making them subject to “anti-money laundering reporting requirements…where the value stored is above $10,000. In other words, digital exchanges would become the equivalent of banks. Parallel Institutions, The Less Obvious Unhappy Consequence Here, “institution” refers to a society or an organization. A “parallel institution” refers to a society or organization that acts as a counterbalance or competing authority to another organization, such as the federal government. Parallel institutions have always benefited freedom-seekers, especially religious and political refugees. In the Middle Ages, Protestant dissenters fled Anglican England to find refuge in the Netherlands. Puritans colonized the New World and served as a beacon to others who sought religious liberty. The power of parallel institutions is captured by the principle of “sanctuary” by which a Church exercises a higher authority than the State and can refuse to surrender ‘criminals’ who seek refuge within its walls. The political version of sanctuary plays out every day. People cross the border of one nation and escape into another. The second nation is not necessarily freer than the first but some aspect of it is freer to the refugee. Russia may not be freer than America, for example, but to Edward Snowden it is. The Ecuadorian embassy in London may be obscenely confining but it is more expansive than a prison cell to Julian Assange. Parallel institutions also play an important Prepare For SB1241's Pit Bull Assault on Bitcoin Freedompractical role in the bitcoin community which is highly fluid and transplantable. In June 2015, a harsh licensing requirement for crypto businesses became law In New York with enforcement to begin in August. Many businesses chose to leave rather than abide by a license that required, among other things, the divulgence and sharing of customer data. Fortune magazine noted, “Last weekend the deadline to apply for a BitLicense came and went, and a slew of bitcoin startups went too—right out of New York State… This is not a comprehensive list, but here are some of the companies that packed up and left New York: Bitfinex, Bitquick, BTCGuild, Eobot, Genesis Mining, Gocoin, Kraken, Localbitcoins, Paxful, and Poloniex.” Those who physically left did so by relocating to parallel institutions – that is, to other states with more palatable environments. The power of parallel institutions is also seen through what happens when the two merge their interests and become, in effect, one institution. Instead of offsetting each other’s power, they buttress and increase it at the expense of individual freedom. When church and state speak with one voice, both become more oppressive; it was precisely because the Anglican Church was the state church of England that religious dissenters felt impelled to flee. In extreme cases, the melding of church and government can lead to an Inquisition. When capitalism and government blend their interests, the results are no less devastating. Crony capitalism is established; government and favored businesses grant each other privileges by which both grow rich by picking the pockets of average people. This bastardization of the free market is an efficient engine of oppression. S1241 is the federal government’s attempt to merge its power with that of the states and to homogenize that power under laws it enforces. There would be “one law to rule them all, one law to find them, one law to bring them all and in the darkness bind them.” Moving from state to state to escape a specific regulation is a relatively trivial task. Under SB1241 and the follow-on legislation it would inspire, physical bitcoin businesses would need to move internationally or shut down. Conclusion SB1241 was referred to the Senate Judiciary Committee on May 25. This is the preliminary step before a bill can be introduced into the House or Senate for debate and, perhaps, a vote. In short, S1241 is in the earliest stage of legislation, and many bills never make it out of committee. If it does move forward, then the bill’s sweeping scope may be a barrier to passage in either the House or the Senate. On the other hand, the draft bill may deliberately express overreach in order to provide room for negotiation and compromise. And another terrorist attack on U.S. soil could create a political hysteria that the bill could ride into becoming law. One thing is clear: S1241 is what some—and Prepare For SB1241's Pit Bull Assault on Bitcoin Freedomprobably many—politicians want to impose on monetary instruments, including bitcoin, and financial institutions, including digital currency exchanges. A last point: S1241 mandates a report from Department of Homeland Security which is due 18 months after the bill’s passage. DHS is asked to detail “a strategy to detect prepaid access devices and digital currency at border crossings and ports of entry”. Travelling in and out of the U.S. with bitcoin could become a real problem. Currency control at the border is an indication of a government that is becoming or has become a totalitarian state. S1241 is a dot on the legal horizon. Whether or not it passes, this is the direction the state is pushing and will continue to push cyptocurrencies. Prepare now.

Mining Pool Viabtc Launches New Cryptocurrency Trading Platform

Mining Pool Viabtc Launches New Cryptocurrency Trading Platform By Jamie Redman trading platform Forum This week the Chinese company and mining pool, Viabtc has announced the launch of a new cryptocurrency trading platform called Viabtc.cn. The announcement follows the startup’s recent series A funding back in March which is now being used to expand domestic cryptocurrency trading in China. Also read: Use of Bitcoin in Ecuador Continues to Grow Despite Government Ban Mining Pool Viabtc Launches Chinese Bitcoin and Ethereum Exchange Mining Pool Viabtc Launches New Cryptocurrency Trading PlatformViabtc is a well-known mining pool that captures roughly 4 percent of the Bitcoin network’s hash rate. The company is also known for its staunch stance towards Bitcoin scaling and a tool it created a while back that accelerates bitcoin transactions. The company recently raised $2.9 million in funding and is utilizing the money for its new exchange which will cater to both bitcoin and ether trading paired with each other and CNY. “In March this year, we announced our closing of Series-A funding and plan to expand cryptocurrency trading business in domestic China,” explains Viabtc. “After three months of intensified developing and testing efforts, we are glad to present to you our brand new cryptocurrency trading platform — www.ViaBTC.CN.” Mining Pool Viabtc Launches New Cryptocurrency Trading Platform Viabtc’s charts will be provided by Trading View. The Trading Platform’s High-Speed Matching Engine Claims to Process 10,000 Transactions Per Second Viabtc says they are also offering introductory low fee trades and zero fee withdrawals to “celebrate the launch.” Also, the company states it has built a high-speed matching engine that can process 10,000 transactions per second. Moreover, Viabtc says all holdings will be held 100 percent in reserves. The company details that security will offer two-factor authentication (2FA), cold storage, and a multi-signature infrastructure as well. The company also details the platform will showcase professional charts from the firm Trading View. Besides stand market charts for average users, we’ve also integrated advanced Trading View charts, whose diversified indexes and charting tools provide an even better option for professional traders. Viabtc Says They Are Committed to Creating a Reliable Cryptocurrency Experience The bitcoin startup hopes Chinese traders will choose Viabtc because it aims to be a “convenient exchange platform supported by extensive technology innovations.” The company says the team has lots of experience in the cryptocurrency and blockchain industry and details that most of the team stems from the Chinese Internet company Tencent and other top tech firms in China. “ViaBTC.CN is committed to delivering a reliable cryptocurrency trading platform with high-speed transaction matching, full-dimension protection, and smooth user experience,” the company adds. What do you think about Viabtc launching a cryptocurrency exchange? Let us know in the comments below. Images courtesy of Shutterstock, and the Viabtc.cn website. At News.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published. William P. Eason MarketHive Entrepreneur/ Contributor

About Questra and Atlantic Global Asset Management

About Questra and Atlantic Global Asset Management I am so very excited! This might just be for YOU! I have something very unique to share with you that is of the utmost importance to your financial future and I want you to see this, then say “no” but please don’t say no until you’ve seen this and have done your own due diligence! Let’s start with THE MAGIC OF COMPOUND INTEREST! Maybe at some time in your life, someone you know asked you the following trick question: “Would you rather have $10,000.00 per day for 30 days or a penny that doubled in value every day for 30 days?” Today, we know to choose the doubling penny, because, at the end of 30 days, we’d have about $5MM versus the $300,000.00 we’d have if we chose the $10K a day! Compound interest is often called the “EIGHT WONDER OF THE WORLD” because it seems to possess magical powers, like turning a penny into $5MM in just 30 days! The great part about compound interest is that it applies to money, even little amounts like a penny or $100.00USD in the AGAM business model! It helps us achieve our financial goals, such as becoming a millionaire, and becoming financially independent! With only $100.00USD, (a meal for four family members at your local restaurant) you can be a millionaire in 222 weeks and have accumulated € 1,045,440.00! This is just like a CD, tax sheltered 401K, RRSP or other investment vehicle or is it? These vehicles keep the compounding for themselves and give you simple interest and they laugh all the way to the bank! Oh wait, maybe they are the bank! NOW, we can all participate with AGAM and receive the magic of compound interest for ourselves and if you are smart, your family, friends, and circle of influence as well! I stand corrected, it is not the magic of compound interest, it is even better! IT IS THE MAGIC OF COMPOUNDING PROFITS! One of the main reasons I’m so excited about AGAM is that I have personally experienced this compounding impact back in 2005 to 2007 with Castle Fair Ministries! We had two Forex traders in Switzerland earning our debt relief programs between 18-25% a month and they were earning that amount for themselves too! It was a perfect business until the US Govt and IRS destroyed the relationship of US entities with Switzerland and we had to shut down even though everything was done legally! But with AGAM, they are not only legal and lawful and have set themselves up offshore, but also have an eight-year track record with 25 Wealth Managers spreading the risk and during this eight-year period, they have never gone below 3% a week. So not just two, but 25 seasoned professionals working on our mutual behalf and we have to do nothing other than come up with $100.00USD to get it started! THIS IS A NO BRAINER! Check it out here: http://perfectincomes.com or get back to the person who referred you to this site and sign up with them please! Still a doubter? I’M AMAZED AT HOW NORMALLY POSITIVE PEOPLE IMMEDIATELY POOP ON THIS PARADE! I’ve had someone suggest it is a scam, it says so on the internet! HMMMMM! I wonder who these negative people on the internet work for? Isn’t it wonderful that a negative person always has a problem for every solution? I took some time and reviewed the negative info on the net and what they don’t know, is, that they don’t know, that they don’t know what they are talking about! Kenetra, my referring member has provided some proof below in her letter that she sends out to people who are doubters and “proof of income received” is always one of the best indicators that the program is working but also there is proof that the company exists and contracts are signed by senior referring partners with the leaders at their home office in Spain. You will see all of that info and more in the "Overview info and Video links" section! Check it out! http://perfectincomes.com You can check out these sites for complete accurate information! https://atlanticgam.es/about https://questraworld.es/ William Eason http://perfectincomes.com

South Korean Bitcoin Exchanges Trade $1000 Over Global Average By

South Korean Bitcoin Exchanges Trade $1000 Over Global Average By Jamie Redman South Korea Bitcoin is shining brightly in South Korea as the price per BTC in the region has reached upwards of $3500-3800 across the country’s top three exchanges. Many traders are finding significant arbitrage opportunities due to South Korean spreads being over $1000 higher than the global average. Also read: Korea Steadily Becoming a Cryptocurrency and Fintech Hub South Korean Bitcoin Trade Volume Is Surging Bitcoin is very popular in South Korea at the moment. According to statistics, the country’s top three exchanges Bithumb, Korbit, and Coinone are exploding with bitcoin volume over the past few months. The trading platforms are processing roughly $200 million USD worth of Korean Won-KRW/BTC trades daily, and lately, most of these trades have been well above the global average. Alongside this, the South Korean Localbitcoins volumes and spreads have been off the charts as well. South Korean Bitcoin Exchanges Trade $1000 Over Global Average Korbit and Coinone KRW Prices May 24, 11pm EST. Fintech Friendly Authorities South Korean Bitcoin Exchanges Trade $1000 Over Global Average The region has also been blossoming with startups dedicated to bitcoin remittance and financial tech advancement. The South Korean government has been very friendly towards digital currencies, and the country is steadily becoming a technology hub. Just recently the government lowered the equity capital requirement for bitcoin companies working with remittances. The new statutes will begin on June 18 with a reduction of required capital to 1 billion KRW in contrast to the prior requirement of 2 billion KRW. Additionally, researchers from the South Korean central bank recently released a report that detailed that virtual currencies like bitcoin can “coexist with fiat.” “The recent emergence of digital currency opens up a new type of dual currency regime in which digital currency, which has no intrinsic value and a government-issued fiat currency coexist,” explained the researchers from Seoul’s Hongik University and members of the Bank of Korea’s (BOK) report. Bithumb price May 24, 2017, 11pm EST. Korea’s Growing Bitcoin Community and Very Large Remittance Market Besides the central bank’s and government’s friendly attitude the bitcoin community in South Korea is thriving. For instance, the Seoul Bitcoin Meetup group has over 1,200 members and has over ten upcoming meetings scheduled. This past March the group discussed the differences between soft and hard forks. South Korea is also home to three bitcoin automated teller machines (ATM) as well. South Korean Bitcoin Exchanges Trade $1000 Over Global Average South Korea is fertile ground for cryptocurrency use with the country’s remittance market capturing billions every year. Korean remittances have undoubtedly bolstered bitcoin as startups like Korbit has pushed crypto-settlement forward. Financial incumbents like Shinhan Bank are also looking at bitcoin’s benefits towards the large remittance market in Korea. When it Comes to Bitcoin Korea is One Country to Watch With all the feverish demand for cryptocurrency solutions and financial technology, Korea has positioned itself as one of the top five leading countries in bitcoin trade volume. It’s safe to say that when it comes to bitcoin adoption, Korea will be one to watch with its population of over 50 million, a multi-billion dollar remittance industry, and a government that bolsters fintech. What do you think about Bitcoin growth exploding in South Korea? Let us know in the comments below. William P. Eason MarketHive Entrepreneur/ Contributor

Bitpay’s Bitcoin Prepaid Card Now Available to 131 Countries By Jamie Redman

Bitpay’s Bitcoin Prepaid Card Now Available to 131 Countries By Jamie Redman countries On May 22, Bitpay’s chief commercial officer, Sonny Singh, revealed its prepaid bitcoin debit card product will now be available in 131 countries. Initially, the card was only available for U.S. residents but due to the expansion users worldwide can now convert bitcoin into spendable euros, pounds, and many other fiat currencies. Also read: Is It Too Late for Barry Silbert’s Scaling Compromise Proposal? Bitpay’s Bitcoin Visa Debit Card Goes Global Bitpay's Bitcoin Prepaid Card Now Available to 131 Countries Bitpay’s chief commercial officer Sonny Singh. Bitpay’s recent announcement will mark the company’s pre-paid Visa card as the first cryptocurrency tethered debit card that’s available to over 130 countries worldwide. The Atlanta-based firm believes the improved accessibility of the Bitpay card will enable global citizens the ability to utilize the tool with their digital currency savings. “Today’s news makes the Bitpay Card the first prepaid Visa debit card available for bitcoin users in both the United States and in major bitcoin-using countries such as the UK, Germany, China, Japan, Argentina, and Brazil, along with 125 other nations,” explains Bitpay. With a growing bitcoin user base and a bitcoin market cap of $36 billion, the Bitpay Card is poised to become a powerful spending tool for bitcoin users around the world. ‘More Convenient Than Online Exchange Methods’ Bitpay's Bitcoin Prepaid Card Now Available to 131 Countries According to Bitpay, the company has issued over 15,000 cards since revealing the bitcoin debit card in May 2016 and has a waiting list of applicants as well. The card available for bitcoin users was the first to offer conversion ability in all 50 U.S. states. “The card is significantly more convenient, more affordable, and faster — by an order of days — than many online exchange methods for bitcoin today,” Bitpay’s announcement states. “The Bitpay Card’s recent integration with Bitpay’s bitcoin wallet allows users to convert bitcoin funds to dollars, euros, or pounds on the card in one in-app swipe.” What do you think of the Bitpay bitcoin card being available to 131 countries? Have you tried Bitpay’s Visa card? Let us know about your experiences and what you think about the bitcoin card in the comments below. William P. Eason MarketHive Entrepreneur/ Contributor