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).

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.


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.


Cummins to make up for lost time in debut SCG Test
It's kind of sometimes a decision of "when do we start shining it one side or the other to get it reversing" and things like that. The captain Steven Smith, meanwhile, took a rare day off the nets due to some back soreness but is expected to be fine to play.


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.

Recommended:

  • Big Brother 2009 housemate Rebekah Shelton has NOT died

    Big Brother 2009 housemate Rebekah Shelton has NOT died

    Rebekah appeared on Big Brother in 2009 as Rodrigo Lopes before transitioning in 2012, changing her name to Rebekah Shelton . She went on: "At one point before my surgery I had to leave home, and for six months of my life I turned to prostitution".
    Football's coming home! Leeds United's Elland Road ground to host England game

    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.
    Macron in Rome for Italy-France treaty (2)

    Macron in Rome for Italy-France treaty (2)

    China and France have promoted themselves as leaders on global warming after Trump pulled out of the Paris climate agreement. Chinese online retailer JD.com has unveiled plans to sell €2bn of French goods to Chinese consumers in the next two years.
  • 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.
    Baidu Utilizing BlackBerry Software In Self-Driving Car Platform

    Baidu Utilizing BlackBerry Software In Self-Driving Car Platform

    All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Baidu aims to make a complex world simpler through technology.
    Gucci Museum in Florence reopens

    Gucci Museum in Florence reopens

    And yet, here we are, because Gucci has just opened up a literal restaurant and the menu sounds delicious enough, to be honest. The menu might appeal to fashion-conscious travelers looking for a slice of Gucci glamor.
  • Tax season 2018: Here's what you need to know from the IRS

    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.
    Ellen DeGeneres' Father Has Passed Away At Age 92

    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.
    Frozen Embryos Aren't Always Necessary for IVF, New Studies Show

    Frozen Embryos Aren't Always Necessary for IVF, New Studies Show

    The rates of the syndrome in the Chinese study were 0.6 percent with frozen embryos and 2.0 percent with fresh. Researchers studied 800 women who had infertility not related to polycystic ovarian syndrome (PCOS).
  • U.S.  fails to make cost to United Nations  company that helps Palestinians

    U.S. fails to make cost to United Nations company that helps Palestinians

    "If the United States government proceeds with this bullying tactic, other governments should step in to fill the gap so that programs aren't forced to shut down".
    Sean Payton trying to 'win the game' on fourth-and-2 call

    Sean Payton trying to 'win the game' on fourth-and-2 call

    When asked last week about the possibility of rematch against the Saints , he said, "I'm not anxious about that". Another Gano field goal, this one from 29 yards, cut the Saints lead to 21-12 early in the third quarter.
    NLR Police Chief Hopes Release of Officer Shooting Video Dispels Rumors

    NLR Police Chief Hopes Release of Officer Shooting Video Dispels Rumors

    On Sunday, Police released a statement that said officers stopped a vehicle with three individuals just after 1am local time. Merritt said North Little Rock police told him that additional dashboard video footage does exist, and he'd like to see it.


Popular

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.

European Court of Justice advisors say gay spouses have equal rights
Bulgaria , Latvia, Lithuania, Poland, Romania and Slovakia still grant no legal recognition to same-sex couples. The Dutch MEP Sophie in 't Veld said: "This is fantastic news and a landmark opinion for rainbow families".

Ohio GOP Rep. Renacci To Drop Gubernatorial Bid For Senate Run
Gibbons contributed $100,000 to Trump-related groups and he served finance co-chair for Trump's OH campaign, said Chris Schrimpf. Those calls have gone to local Republicans, including 16 Republican "grassroots chairs" who are supporting Renacci for governor.

Hina Khan speaks bad about Shilpa Shinde and disappoints yet again
The Bigg Boss season 11 is coming to an end later this week as the four remaining contestants fight it out for the crowning glory. He has evolved as a person throughout his journey in the show and is probably the only nonjudgmental person in Bigg Boss House.

Are Justin Bieber and Selena Gomez back together?
Days before reuniting with Selena , 25, Justin , 23, had spent some quality time with his family in the Mexican city of Cancun. This was their first New Year's Eve that they spent together since reuniting and it should have been the ideal trip .

Leonard pours in 25 to carry Spurs over Knicks
Manu Ginobili's legend grew a bit longer with a freaky 3-point shot during the Spurs-Knicks game on Tuesday night in NY . Gregg Popovich didn't even know what to say. "Then everybody started grabbing me and saying the ball went in".

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.

SAfrica's graft-tainted Zuma announces anti-corruption probe
Zuma was acquitted of rape but is often mocked in newspaper cartoons depicting him with a shower nozzle sprouting from his bald head.

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.

Mohamed Salah reacts to Philippe Coutinho's move to Barcelona
In the past month, Salah scored 5 goals and made 3 assists in 7 games for The Reds. Jordan Henderson is a doubt for Man City with a thigh problem.