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August 8th, 2017- In This Issue:

Bitcoin Price Crosses $3,400 to Continue Record-Setting Advance

On Monday, the bitcoin price climbed over the $3,300 threshold for the first time. It has continued its record-setting pace since then, bursting through $3,400 on Tuesday and rising as high as $3,486 before receding to its present value of $3,433. Bitcoin now has a market cap of $56.7 billion.

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A Must See Video CNBC Analyst predicts $25,000 Bitcoin

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Brian Kelly speaks about how to invest in Bitcoin as the cryptocurrency hits a new high. The "Fast Money" traders weigh in.

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Bitcoin could pass $100,000 by February 2021; a Harvard academic has said announcing Bitcoin is the first digital currency to follow Moore's Law.

In emailed comments to  Business Insider, investor Dennis Porto said that after analyzing Bitcoin's performance, it was the "first" currency to follow the digital technology rule.

Bitcoin price continued in its upward movement  by conquering the $3,000 mark. This happened just days after the cryptocurrency was forked and Bitcoin Cash emerged.

Bitcoin is the first and always leading cryptocurrency. According to Kumar Gaurav, Founder of Cashaa - Auxesis Group, it had the longest time to successfully establish and mature when compared to any other cryptocurrency.

CFTC Approves First Regulated Bitcoin Derivatives Exchange and Clearinghouse

The U.S. Commodity Futures Trading Commission (CFTC) has approved institutional bitcoin derivatives platform Ledgerx LLC as the first federally-regulated bitcoin options exchange and clearinghouse. Ledgerx plans to start trading bitcoin options in the fall and ether options a few months after that.


Hedge Funds Tied to Cryptocurrencies Exploding, Over 70 in Pipeline

"Hedge funds with crypto exposure "exploding,"  tweets economist and investor Tuur Demeester.

According to his quoting a related article, over 70 such funds are now being in the pipeline.

The linked article includes a comment by Arthur Bell manager Corey McLaughlin who says: 

Consumers Losing Trust in Banks, Moving Towards Bitcoin
Consumers are losing trust in major banks and financial service providers. Many institutional investors, traders and most millennials are moving toward Bitcoin and fintech due to the fraudulent activities and inefficiencies of existing banks.


Bitcoin Will 'Cruise Through' $5k in the Short Term - Max Keiser

Max Keiser  has repeated his vision of Bitcoin reaching $5,000, as prices Monday  steam towards $3,500 . A bull run for BTC which began Friday  has continued , accelerating Monday so see the cryptocurrency gain a further 4.7 percent in the past 24 hours.

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