Bitcoin's price rises again as venture capital firm invests millions

12 January, 2018, 20:05 | Author: Regina Silva
  • Bitcoin's price rises again as venture capital firm invests millions

The bitcoin investment is estimated to be the most valuable part of a new 1.3 billion fund, according to the Journal. During the period, the digital currency hit a high and low of $15,300 and $12,787, respectively.

That's why Peter Thiel has gotten his latest fund off the ground by pumping its capital into an asset class that shares absolutely none of those features: cryptos!

The Bitcoin price (BTC/USD) has seen significant gains following news that one of the most prominent figures in Silicon Valley has made a substantial bet on the original cryptocurrency. They also revealed that one of the funds bought bitcoin in mid-2017, and that was the fund's first investment.

He further advised the bank to put around 1 per cent of Ghana's reserves in bitcoin. However, the price fell sharply after it reached an all-time high. This wave is expected to be totally reversed by an upward wave (5).

Taking ibuprofen may limit sperm production, study suggests
In a shocking study, ibuprofen has been proven to have severe negative impact on male fertility especially on their testicles. Jégou said, in these men these hormonal imbalances would be reversible as it was given for a short period of time.

Adobe Systems (ADBE) PT Raised to $210.00
The stock of The Howard Hughes Corporation (NYSE:HHC) earned "Market Outperform" rating by CJS Securities on Monday, October 31. The software company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.10.

'It would be suicidal to attack the United States of America first': North Korean diplomats
President Donald Trump speaks during a prison reform roundtable in the Roosevelt Room of the Washington, Thursday, Jan. 11, 2018. "I believe Mr Kim Jong-Un has won this round", Putin told Russian journalists on Thursday.

Thiel's fund has already announced hundreds of millions of dollars in profit thanks to 2017's meteoric rise in Bitcoin value, from about $1,000 per coin to almost $20,000. Now Thiel and his fund are buying bitcoin outright, as opposed to investing in other companies doing the gambling. We know Thiel has been a bitcoin fan for a good while now, but you would think he'd have expanded his tastes a bit since in the past few years.

In October, Thiel reportedly said during an investment conference in Saudi Arabia that people are "underestimating" Bitcoin and he compared the cryptocurrency to gold.

The price of bitcoin surged on Tuesday afternoon following a report that billionaire investor and PayPal co-founder Peter Thiel is betting big on the cryptocurrency. "If bitcoin ends up being the cyber equivalent of gold, it has a great potential left", the WSJ quoted him as saying.

That is the quandary that the bitcoin industry is facing at this point and that is the reason why we are seeing some choppy trading in the markets over the last couple of weeks.



Syrian army says Israel fired at Syria with jets, missiles
The latest strikes come as the government steps up its offensive against the country's last rebel-held areas. However, the Israeli army has refused to give any comments on the reported incident.

Android 8.0 Oreo Is Now Live on LG V30 in Korea
The first Open Beta build for the OnePlus 5T weighs around 1.6GB, and the installation process takes over 15 minutes. Despite the similarity between the names, the OnePlus 5T and OnePlus 5 only share a few hardware specifications.

Tax season 2018: Here's what you need to know from the IRS
The IRS is reminding taxpayers who are claiming certain tax credits that refunds won't be available before late February. Processing on electronic returns will start January 29; processing on paper returns will start in mid-February.

Arctic Monkeys Announce Their First 2018 Tour Date... And Tease More
After years of anticipation, Arctic Monkeys have finally announced their return with their first confirmed tour date of 2018. If you feel like you've seen Eminem and The Killers on damn near every festival lineup this year, you're not far off.

Ellen DeGeneres' Father Has Passed Away At Age 92
O said she woke up to a blazing gas fire, and even witnessed helicopters rescuing her neighbors and searching for missing persons. We're going to come together and we're going to do what great Americans do all the time.

Pentwater Capital Management LP Cuts Position in Kinder Morgan Inc (NYSE:KMI)
It turned negative, as 70 investors sold KMI shares while 353 reduced holdings. 19 funds opened positions while 50 raised stakes. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15.

Turkish banker convicted for helping Iran evade USA sanctions
U.S. prosecutors have charged nine people in the case, but only Atilla and Zarrab are known to be in United States custody. Federal prosecutors in NY , who regularly bring sanctions-busting charges, have said such suggestions are ludicrous.

PUBG Omitted BP Compensation Handed Out to All Players
It's definitely not ideal , by any means, but it was a big boon for Xbox owners looking for an exclusive console game release. KitGuru Says: PUBG sold tremendously well on PC and it seems that the Xbox One version is also off to a great start.

Football's coming home! Leeds United's Elland Road ground to host England game
Nigeria and England first clashed at senior level on November 16, 1994, also at the old Wembley Stadium. The Three Lions are up against the Super Eagles at the iconic Wembley on June 2.

Here's who's going to be lead in Akshay Kumar's Kesari
Earlier, the first look of the film was unveiled, in which the "Rustom" star is seen exuding stoicism in a turbaned avatar. He stated that he goofed up with the picture and remarked that Twitter users are quite quick in mocking him about it.