Bitcoin Price Rises Sharply in Just 20 Minutes, Winklevoss Launch Crypto Org

Written by:
Guest
Published on:
Aug/22/2018
  • Bitcoin Price climbs $400 in just 20 Minutes to reach 2-week high
  • Total market rose by a total of $11 billion in one hour
  • Meanwhile, Cameron and Tyler Winklevoss focus on transparency and self-regulation in crypto sector

The price of bitcoin moved above the $6600 mark for the first time in a number of weeks.

At 01:00 UTC, just after Tuesday's close, the cryptocurrency leapt $428 over the course of 20 minutes to cross the threshold for the first time since July 24, according to CoinDesk price data.

The price, however, had settle back in around just over $6600 as of Wednesday morning after reaching close to $6800 overnight.

Either way, the total market rose by a total of $11 billion in one hour as a large injection of capital entered the market seeking bitcoin amidst the move, Coindesk noted.

Winklevoss Twins Launch Cryptocurrency Organization

Cameron and Tyler Winklevoss are at it again.  This time they are launching the The Virtual Commodity Association, with a goal to “promote fairness, transparency, risk management, and liquidity”.

The members include the likes of Gemini Trust Company, Bitstamp, bitFlyer USA, and Bittrex.

A yet-to-be-scheduled inaugural meeting will include topics like Guidelines for Virtual Commodity Association members, best practices in transparency, fairness, risk management and liquidity in the cryptocurrency marketplace as well as how to handle conflicts.

The focus will be on common standards.

ohn Roth, Chief Compliance and Ethics Officer at Bittrex, said:

“The blockchain industry must focus on protecting its customers and operating in a responsible manner to significantly increase adoption globally. By working with the VCA, we can advance our shared goals of improving transparency, accountability and security across all virtual currency trading platforms. This effort will also complement our discussions with regulators and legislators about developing a long-term solution that creates a fully-compliant environment for blockchain while encouraging innovation, economic growth, and U.S. leadership in the industry.”

- Aaron Goldstein, Gambling911.com

 

 

Business/Financial News

Another $6 Billion of Value wiped Out of Bitcoin in a Day

Another $6 Billion of Value wiped Out of Bitcoin in a Day

Cryptocurrencies, which today accounts for upwards of 70% of all online gambling transactions in the North American market, lost approximately $6 billion of its value in a single day Thursday.

What is a PPH Sportsbook?

A PPH sportsbook is short for a pay per head sportsbook and that is a company that provides a platform and website for bookies so they can accept bets on daily sporting events

7 Reasons Why You Should Use Bookie Software to Run Your Sportsbook

Today it’s possible to run a world-class sportsbook even if you’re a one-man-show. You can actually rival most online sportsbooks by using bookie software to run every aspect of your operation.

New Pay Per Head Provider Comes Onto The Scene Just in Time for UFC 229

New Pay Per Head Provider Comes Onto The Scene Just in Time for UFC 229

PayPerHead247.com has entered the profitable Pay Per Head space with plenty of betting action coming down the pike.

MMA White Label Sportsbook - Kentucky

Kentucky bookmakers and agents can utilize the premier MMA white label sportsbook software courtesy of PremierPerHead.com.

Syndicate