Bitcoin Surges Again, To $7,000

The electronic currency Bitcoin has substantially increased in price this year, surging to $7,000.

The bitcoin price, beginning the year at under $4,000, hit $7,049 on the Luxembourg-based Bitstamp exchange earlier this evening. The wider cryptocurrency market followed bitcoin higher, with major digital tokens ethereum, bitcoin cash, litecoin, and EOS all making double-digit gains over the last 24 hours.

Bitcoin exploded into the public consciousness in 2017, with the bitcoin price rising from under $1,000 to almost $20,000 in under 12 months...

analysts from investment bank Canaccord Genuity said they expect bitcoin to rally hard over the next 24 months, potentially returning to its late 2017 highs due to next year's halving event, where the number of bitcoins rewarded to miners will be cut by 50%. "Now four months into 2019, we note for the third time the striking similarity in bitcoin’s price action between 2011-2015 and 2015-2019," Canaccord researchers wrote in a note to clients. "While this simple pattern recognition has little fundamental basis, we note that bitcoin does operate on a four-year cycle of sorts, as the halving of bitcoin’s mining reward occurs approximately every four years.

(Via Forbes)

Science fiction fans following the career of author Bruce Sterling were clued into the idea of electronic cash in his 1994 novel Heavy Weather:

Alex did not find it surprising that people like the Chinese Triads and the Corsican Black Hand were electronically minting their own cash. He simply accepted it: electronic, private cash, unbacked by any government, untraceable, completely anonymous, global in reach, lightninglike in speed, ubiquitous, fungible, and usually highly volatile.
(Read more about electronic cash)

Scroll down for more stories in the same category. (Story submitted 4/25/2019)

Follow this kind of news @Technovelgy.

| Email | RSS | Blog It | Stumble | del.icio.us | Digg | Reddit |

Would you like to contribute a story tip? It's easy:
Get the URL of the story, and the related sf author, and add it here.

Comment/Join discussion ( 0 )

Related News Stories - (" Culture ")

FlyZoo Robot Hotel By Alibaba
'... hotels that specialized in non-human service.'- Harry Harrison, 1970.

Implanted Memories Provide Songs To Birds
Finches can't tell the difference.

Google Commits To Fighting Deepfakes
'The program raced up the screen one scan line at a time, subtly smoothing, deleting and coloring.' - Bruce Sterling, 1995.

Mindar The Robot Buddhist Priest Offers A Blessing
'Not working is the hardest work of all.' - Philip K. Dick, 1969.

 

Google
  Web TechNovelgy.com   

Technovelgy (that's tech-novel-gee!) is devoted to the creative science inventions and ideas of sf authors. Look for the Invention Category that interests you, the Glossary, the Invention Timeline, or see what's New.

 

 

 

 

 

Current News

Road Noise Charges Electric Cars With Peugeot Piezoelectric Billboard
''... major cities of Earth have free electrical power conveniently processed from their own noise.'

Unsinkable Metal Latest Gates Obsession
'A metal... light as cork.'

M-Blocks 2.0 Self-Assembling Robots
'Faster the cubes moved...'

NASA 'Broomstick' Recalls SciFi Ideas
'The appearance was enough like a giant witch's broom to justify the nickname.'

Orbital Display's Low Earth Orbit Advertisements
'A vast circle of scarlet stars came up into the greenish desert dusk.'

Neuromorphic Computing Hardare
'He had constructed an organ, a brain, of metal, entirely inorganic and lifeless...'

Vascularized Human Skin 3D Printed
Hey Fishboy!

Trillionaires Still Earth-Bound
'I shall never forget the sight... when the yellow gleam of the precious metal appeared under the star dust.'

Digit V2 Bipedal Robot From Agility Robotics
Oh, and now I suppose someone will develop the robotic porch pirate.

3D Printed Dubai Building Is World's Largest
'This thing will start at one end of ...a house and build it complete to the other end, following drawings only.'

Grow Plants On Moon Or Mars!
'In contrast to the airless desolation outside, the interior of this five-acre greenhouse was the one most desirable place to be.'

California Gets Shockwave Rider-Style Avoidance Zones
'It was cheaper to pay the refugees to go without up-to-the-minute equipment.'

Microbot Interstellar von Neumann Explorers
'Evidently they have never had a planet of their own...'

Hail SmartCan! Your Trash Bin Takes Itself Out
'...a waste can twenty feet away stirred into life.'

Finally! Microsoft Surface Neo And Surface Duo Implement Excellent Courier Idea
'Runcible, whose pages were thicker and more densely packed with computational machinery...'

Tap Strap 2 Now With Air Mouse
'He waved his hand and the circuit switched abruptly.'

More SF in the News Stories

More Beyond Technovelgy science news stories

Home | Glossary | Invention Timeline | Category | New | Contact Us | FAQ | Advertise |
Technovelgy.com - where science meets fiction™

Copyright© Technovelgy LLC; all rights reserved.