Bitcoin Price Climbs to 5-Week High, Darkcoin Continues to Roll

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC/USD) added to gains, bringing its 4-day return to over 17%. Currently trading at $267 on BTC-e, it remains within striking distance of its 5-week high of $270 set several hours ago.

A string of positive developments indicating further convergence of Bitcoin to the mainstream has buoyed trader confidence. Investors will likely be able to trade bitcoin on regulated markets in the not-too-distant future, as Barry Silbert's Bitcoin Investment Trust (BIT) gained approval to list on the OTC markets. Bitcoin derivatives platform, Tera Exchange, will also be publicly traded following a reverse merger with MGT Capital Investments Inc.

The test will be if bitcoin's price continues to hold up once the string of good news stories takes a lengthy pause. Other recent developments indicating greater traction of Bitcoin with the mainstream have been insufficient to stem its price decline during the past year.

During the past 24h, BTC has added roughly 6%. The rise sends BTC over 10% above its 50-day moving average (MA), its greatest such offset since November and a further indication of a possible bottoming process in the making.

Also adding to its winning streak was Darkcoin. Just coming off a 3-week high of 0.013 BTC, it remains within striking distance of the 0.016 BTC mark reached in mid-February, which was its highest point in bitcoin terms since last July. In dollar terms, it is trading near $3.50.

Darkcoin has more than doubled in 2015, bringing its market cap to near $18 million, fifth highest among Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.