Bitcoin exceed $4.2k mark

First cryptocurrency regains its position by growing for more than 7% in last 24 hours
28 September 2017   2093

On the night of Thursday, September 28, the price of bitcoin rose above $ 4200, thus returning to the two-week mark.

Last time at this level first crypto currency was traded on September 12, at the beginning of a period of protracted decline. The lowest point for this time period was reached on September 15, when the bitcoin price fell below $ 3000 on the background of news about the closure of cryptoexchange exchanges in China.

At the moment of press, average Bitcoin price is $4223.56 with market cap of $70,074,562,206 and 24h trading volume $1,898,680,000. 

Bitcoin price chart
Bitcoin price chart

All top ten cryptocurrencies demonstrate the stable price growth. 

Top ten cryptocurrencies
Top ten cryptocurrencies

Also, it worth noting that Zcash had grown for more than 35% in last 24 hours. At some point, it was traded for more than 400$. This is caused by the news about the forthcoming addition of this crypto currency to the largest South Korean exchange Bithumb.

Zcash price chart
Zcash price chart

At the moment of press, average Zcash (ZEC) price is $370.77 with market cap of $845,313,851 and 24h trading volume $205,636,000.

South Korea to Invest $1B in Blockchain Startups

Blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution, local authorities believe
19 February 2019   103

Until 2022, Seoul authorities are investing 1.2 trillion South Korean won ($ 1.07 billion) in fintech startups working with distributed ledger technology. This is reported by CoinDesk.

Funds will be allocated for the development of new technologies through the Seoul Innovation Growth Fund, created last year by local authorities. The foundation will support startups working on various solutions, including those that are in the early stages.

In the first half of this year, the Fund will allocate 13.25 billion won ($ 11.75 million) and 8.4 billion won ($ 7.45 million) in the second half of 2019. For the Korean authorities, the blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution.

The officials also noted that the average investment per start-up at an early stage of development in South Korea is almost seven times lower than, for example, in Silicon Valley.

Last fall, Seoul authorities submitted a five-year development plan for the blockchain industry.