2oceansvibe News | South African and international news

Sponsored by RSAWeb rss
2ov Radio
  • Home
  • About
    • Terms and Conditions
    • Seth Rotherham
  • du Cap Collection
  • Café du Cap
  • Cabine du Cap
  • Media Packs / Advertising
  • Contact
    • Contact
    • Anonymous Tips
    • Twitter
    • Facebook
Seth Rotherham
  • Oh Dear, Bitcoin Is Now More Valuable Than The Rand

    06 Nov 2017 by Sloane Hunter in Luno, Money, Partners, Vibe
    Related Posts
    • That Guy Who Threw Away R3 Billion Worth Of Bitcoin Has A New Plan
    • Why Crypto Investors Are Watching Interest Rates And Inflation
    • Why An Avalanche Might Be Just What Your Crypto Portfolio Needs
    • Revix Becomes First Platform In South Africa To Launch AVAX
    • Top Financial Institutions Have Changed Their Tune On Crypto

    What do you do when you work at a blockchain security company and are a little bored? Create a clone of the global M1 index, of course!

    Jameson Lopp, a lead engineer at BitGo, created the clone to see how where the cryptocurrency currently ranked in relation to the rest of the globe’s currencies.

    The original index is a metric for the money supply of a country which includes physical money — both paper and coin — as well as checking accounts:

    Narrow money, as mentioned in the index, is a category of money supply that includes all physical money like coins and currency along with demand deposits and other liquid assets held by the central bank.

    Lopp used his version to assess Bitcoin’s ranking among the world’s most widely used currencies, reports Business Tech:

    Bitcoin has seen its price achieve fresh all-time highs in recent days, passing $7,500 over the weekend, up by more than 650% this year.

    The digital currency got new impetus last week after CME Group, the world’s largest exchange owner, said it plans to introduce bitcoin futures by the end of the year, citing pent-up demand from clients.

    The move will give the software-created asset some regulatory cover, which is expected to attract more buyers.

    Here’s a snapshot of the index, with bitcoin at 32 and the rand sitting at 34:

    Check out the full index here. – whether you’re interested in bitcoin or not, it’s a super interesting read.

    If the idea of investing in – or even just owning – bitcoin is becoming more and more attractive, but you really have no idea where to even begin, Luno, one of the world’s leading digital currency companies, can help you.

    They operate across several countries and continents and offer products and services that make it safe and easy for people and businesses to store, buy, use and learn about digital currencies like bitcoin.

    Whether you want to learn more about bitcoin or require a platform from which to trade and store you bitcoin, Luno should be your first choice.

    If you need one more reason, here’s the current price of bitcoin in South Africa:

    Booya.

    [source: businesstech]

    • ← They Reckon They Might Have Found Atlantis [Video]
    • You Can Now Explore SA’s National Parks With Google Street View [Video] →
    • Tweet
    • Tags:
    • Bitcoin
    • cryptocurrency
    • luno
    • m1 index

    Latest News

    • South Africans Earning More Than R500k A Year Are Part Of An Elite Club

      [imagesource:here] South Africans have been dealt blow after blow, with load shedding, ...

    • Two-Bed Investment Apartment With Sea Views In Muizenberg – Only R2m

      [imagesource: Property24] R2 million doesn't buy you much these days in Cape Town. T...

    • Ukraine Releases Video With Bananarama Soundtrack, Mocking Russians Who Holiday In Crimea

      [imagesource: Twitter / @DefenceU] The war in Ukraine is no laughing matter. On the ...

    • Apparently, Group Sex Is Really In Right Now

      [imagesource: YouTube / Harry Styles] "More, more, more, orgy!" screams the narrator in...

    • How SA Daredevil Pulled Off Mount Everest Paragliding History [Video]

      [imagesource: Pierre Carter] Pierre Carter, the 56-year-old South African who has made ...


    • 2oceansvibe Partners

    • CONTACT US
    • GOT A HOT STORY?
    • 2oceansvibe Radio
    • 2oceansvibe Media
    • Media Pack
    • Seth Rotherham
    • Café du Cap
    • Cabine du Cap
    • Cape Town City Accommodation
    • Terms & Conditions
    • Business
    • Media
    • Entertainment
    • Tech/Sci
    • World
    • Travel
    • Lifestyle
    • Sport
    • Politics
  • Follow

    2oceansvibe.com is part of the 2oceansVibe Media Group

    DMMA Logo