Skip to main content

Bitcoin made record history at US $1,900

Tinuku ~ Bitcoin price a new record history. The digital currency broke through the US$1,900 mark first time in history on Friday, May 19, 2017. The CoinDesk price index traded in range of US$1,951.87 or rose 6.8 percent by last week's price and its direct capitalization value soared to US$31.89 billion or up more than US$4 billion.

Tinuku Bitcoin made record history at US $1,900

Several factors continue to drive the recent rise in bitcoin prices is the presence of Japan and South Korea, in addition to global political conditions filled with uncertainty as a key development in the world of cryptocurrency.

Japan and South Korea

CryptoCompare shows trading volume in the Japanese yen and Korean won has increased. If combined then the composition of both countries reached 48.6 percent of the world bitcoin transactions.

Japan has inaugurated a regulation that allows retailers to use bitcoin as a legal currency. Since then Japan has been the biggest driver of bitcoin trading transactions.

Yen bitcoin market transactions are also higher than the US dollar. Currently, bitcoin cross trades are at 228,783.29 yen or US$ 2.058 or higher than CoinDesk's bitcoin price index and continue to push prices higher.

Political uncertainty

History notes bitcoin is a safe haven as investors worry about political instability and declining performance of other investment assets. US stock markets suffered a sell-off this week before finally rebounding. Political conditions in the United States and Brazil are unstable because of the potential for scandal.

Investors fear President Donald Trump will not be able to keep his campaign promises on tax reform, deregulation and infrastructure spending. Brazilian President Michel Temer allegedly set up bribery for the silence of witnesses in a corruption scandal.


Popular posts

GyroCycle motorcycle self-balancing gyroscope tech by Thrustcycle Enterprises LLC ready market 2017

Tinuku ~ Thrustcycle Enterprises LLC has been set up GyroCycle electric motorcycle that will not collapse even without the support for the production in 2017. The company is based in Honolulu designing electric motorcycles equipped gyroscopic technology for stability and anti-collapse.

Know Various Types of Traditional Indonesian Batik Patterns

Tinuku ~ Various types of batik spread across the archipelago. Batik is art of painting using cloth has a pattern and a special way of making the write or paste on the fabric. By treatment with certain distinctive ways.

Batik is pictorial cloth made specifically by writing or applying wax to cloth and since October 2, 2009 batik has been designated as one of Indonesia's cultural heritage by UNESCO.

Everyone knows batik designs have supernatural powers and each motif worn only by specific users. Parang motif which symbolizes strength and power, should only be worn by rulers and knights. Batik of this type must be made with calmness and patience.

If you do wrong in the batik process, the magical power is lost. The process of making batik is full of philosophical meaning, batik is a meaningful symbols that shows how society thinks maker.

Perhaps you just know only one kind of batik design. But geography and area of Indonesia storing various types of batik motifs depending on region t…

GlaxoSmithKline, Novartis AG and Bill Gates pushing against malaria

GlaxoSmithKline Plc and Novartis AG will donate a research fund of up to US$4 billion in a global effort to fight malaria as a drug-resistant strain has not progressed for years. Commitment is part of a broad initiative led by the Bill & Melinda Gates Foundation with US$1 billion,

Glaxo invested an additional US$250 million, while Novartis will allocate more than US$100 million, the company said before Wednesday's meeting in London. Urgency increases when the case of malaria grows significantly in 2016 for the first time in a decade. The emergence of resistance to drugs and insecticides makes efforts to eradicate the disease more difficult.

Certain variants of the lethal parasite Plasmodium falciparum are able to avoid artemisinin as the most potent drug available today. This resistant strain has been detected in five Asian countries and takes risks in Africa. Philanthropic billionaire Bill Gates has said it would be a "disaster" if the mutant form of the parasite mo…