Bitcoin price exceeded $4100

First cryptocurrency set new historic price record
13 August 2017   1825

On the night of Sunday, August 13, Bitcoin once again this week updated its own price record and now it costs more than $ 4000.

Let's check most popular exchanges.

  • Bitstamp $4033.77
  • GDAX $4117.27
  • Bitfinex $4088.2
  • Kraken $4123.0

Bitcoin rate at GDAXBitcoin rate at GDAX

Thus, the first crypto currency needed less than 48 hours to rise to this height from the rate of $ 3500, which was first recorded on Friday, August 11.

Already on Saturday, the price of bitcoin exceeded $ 3750, and then $ 3900, and now a $4000 makr was taken. Weighted average rate for Coinmarketcap at the same time at some point exceeded $ 4100. Market capitalization - over $ 67 billion.

Bitcoin Coinmarketcap chart
Bitcoin Coinmarketcap chart

Specialists marks 3 main reasons of Bitcoin price rise:

  1. Increased confidence in Bitcoin by the investors
  2. The upcoming activation of the Segregated Witness protocol,
  3. Significant demand for Bitcoin in the Japanese markets.

Additionally, the representatives of Goldman Sachs stated that it is becoming increasingly difficult for institutional investors to ignore Bitcoin, and Fidelity Investments, the largest asset management company in the US, announced a partnership with Coinbase, offering new tools for its customers.

Australian Company to Issues Crypto Backed Loans

In case of default, financial company named Helio may sell cryptocurrency to cover losses
10 December 2018   89

Helio from Melbourne began issuing loans secured by cryptocurrencies, Bitcoin.com reports.

The service allows Helio clients to borrow from 1000 Australian dollars ($ 720) on the security of cryptocurrency assets. At the moment, the company accepts Bitcoin, Ether, Litecoin and Ripple.

Helio client crypto assets are stored in a secure wallet, company representatives say. In case of default, the company may sell cryptocurrency to cover losses.

Helio has a credit license (ACL) issued by the Australian Securities and Investments Commission (ASIC). As stated by the company's founder, John O’Shy, Helio was the first licensed organization in Australia to launch this service. According to him, the country has a developed cryptocurrency market, however, suppliers who want to provide loans secured by digital assets are not enough.

In June, the Japanese corporation Abic Corporation began to issue loans secured with Bitcoin