Bitcoin price exceeded $4100

First cryptocurrency set new historic price record
13 August 2017   1256

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.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   132

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.