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Luno Bitcoin Price High

Bitcoin Rockets Through R220000 On Luno

Bitcoin Rockets Through R220000 On Luno

Twitter Facebook Google+ LinkedIn WhatsApp Reddit Bitcoin was trading above R222000 on Luno, a local cryptocurrency exchange, on Thursday morning. It crossed the R100000 mark on Luno just five weeks ago, on 1 November. This comes after the cryptocurrency powered through the US$12000, $13000 and then $14000 levels, all in the past 24 hours, sparking growing fears of a bubble. Bitcoin climbed as much as 7.9% on Thursday as it surged above $14000, extending this months advance to more than 40%. The price of the cryptocurrency touched $14399.99, a record. the cryptocurrency powered through the US$12000, $13000 and then $14000 levels, all in the past 24 hours, sparking growing fears of a bubble ASX, the main exchange operator for equities and derivatives in Australia, on Thursday said it will start using blockchain to process equity transactions. Blockchain is the ledger software that makes bitcoin and other cryptocurrencies possible, and Digital Asset Holdings, the start-up run by former JPMorgan Chase & Co banker Blythe Masters, will supply the technology. Bitcoin also got a boost from a successful test of the Lightning Network, which promises to provide a new way to pay with bitcoin. The technology would move some transactions away from the blockchain by allowing buyers and sellers to transact privately and later broadcast their activity to the public network. Supporters say it will ease the ongoing congestion plaguing bitcoin. On Wednesday, the three companies behind the technology Lightning Labs, Blockstream and ACINQ successfully made multiple payments. This is the first time their system has been used on bitcoins actual blockchain, according to Elizabeth Stark, head of Lightning Labs. She said this paves the way toward testing with outside businesses. We had done som Continue reading >>

Bitcoin To Zar - Live Bitcoin To Rand Price - South Africa Bitcoin Price & Info

Bitcoin To Zar - Live Bitcoin To Rand Price - South Africa Bitcoin Price & Info

All the Bitcoin news and information you need. Bitcoin Daily is delivered to your inbox each morning, we find the top 3 stories and offer our expert analysis. Not convinced? Check out our latest newsletter . South Africa, a country home for some of the most innovative startups in the world, is set for the next fintech and blockchain revolution. According to Disrupt Africa , a leading startup news platform, most of the innovations in the year 2017 will be focused on mobile payments, digital banking, Bitcoin, SME financing, data analytics, real estate and automation solutions. Interestingly, all these areas present an opportunity for the implementation of blockchain technology. [TOC] Blockchain could be the most significant social and political innovation to impact Africa in 100 years. Arian Lewis, Head of Open Innovation at Barclays. Its no secret, in South Africa and Nigeria, banks are wanting to be phone companies and in Kenya, one phone company is already the bank it is called MPesa . African banks have been a bit late to the fintech party, but since mobile phones have made such a huge impact on the financial industry in the African countries, banks are looking at this continent to test out new technologies like Bitcoin and Blockchain. To give you some perspective, MPesa, a peer-to-peer mobile money platform, owned by Kenyas Safaricom and heavily funded by Silicon Valley giants has forever changed the way people do money transactions in East Africa. They provide merchants in Kenya to accept payments through mobile phones. This has lead three-quarters of Kenyas adult population to register as MPesa users and nearly one third of the countrys GDP is now transacted through MPesa. Increasing penetration of smartphones in all of Africa is only going to further benefit MPes Continue reading >>

Why You Pay Up To 35% More For Bitcoin In South Africa

Why You Pay Up To 35% More For Bitcoin In South Africa

Why you pay up to 35% more for Bitcoin in South Africa South Africans are beginning to ask why the price of Bitcoin on local exchanges does not translate to the dollar price when converted using current exchange rates. This is because the ZAR price, taken from local exchange Luno, is reflective of the supply/demand situation in South Africa, saysfinance analyst and CEO of PowerStocks Research , Dwaine van Vuuren. Buyers of Bitcoin on Luno have to purchase from local sellers on Luno and vice versa, he said. The global supply of Bitcoin is limited, with only 1,800 new Bitcoin minted per day. When the local demand outstrips local supply, the local price has to rise to coax holders to part with their Bitcoin. As a result, the local price of Bitcoin in ZAR can trade up to a 35% premium to the global dollar average taken from all major exchanges, he said. In an interview with MyBroadband in June, Lunos Werner van Rooyen said that the main driver ofthe local Bitcoin price was the South African market, not the exchange. Although it is easy to speculate about the causes for the Bitcoin premium seen from time to time, it is important to realise that you are not trading directly with Luno, said van Rooyen. We merely provide the platform on which buyers and sellers interact. The forces of supply and demand ultimately determine the price, he said. This price deviation between local and foreign exchanges is called an arbitrage. This high arbitrage phenomenon is prevalent in many emerging economies with limited choice of high-liquidity Bitcoin exchanges, stricter exchange controls or where access to international bank accounts is limited, saidvan Vuuren Since the local supply is restricted, the arbitrage is much more sensitive to, or reflective of investor euphoria which makes arbitr Continue reading >>

Price Of Bitcoin In South Africa - Bitcoin Cost In South Africa - Rand Btc

Price Of Bitcoin In South Africa - Bitcoin Cost In South Africa - Rand Btc

We are often asked a lot of questions about the price of bitcoin in South Africa. The price of bitcoin is fluid, and is constantly changing 24 hours a day on bitcoin exchanges around the world. Generally people in South Africa use the USD bitcoin price as the international bitcoin price, taking that value from big exchanges such as Bitstamp, or BTC-E or Bitfinex for example. Doing a Google search for the bitcoin price will generally give you a USD price for bitcoin, and if you do a search for the Rand price of bitcoin you will simply get the Google conversion rate of that price converted from USD to Rand. This is not actually the price of bitcoin in South Africa, it is simply the converted price from USD to ZAR of the bitcoin price. This is not the same as the market rate on one of the bitcoin exchanges in South Africa, based on the supply and demand for bitcoin on that exchange. To find out the real price of bitcoin in South Africa, visit on of the local bitcoin exchange such as IceCubed or Luno . Why is the price on Google different to the price on a bitcoin exchange? The price of bitcoin on an exchange is up to what sellers are willing to accept for a bitcoin, and what buyers are willing to pay for a bitcoin. Sometimes there are sellers who want cash instantly, so they are willing to accept less for their bitcoin so will price it lower. If a buyer wants bitcoin instantly, they might be willing to pay more, so that they will get their order filled first. Sometimes an exchange will have a lot of people trying to sell bitcoin, and they will be placing lots of sell orders, which could make the price of bitcoin cheaper on that exchange, and the reverse is true too. A lot of buyers on an exchange placing buy orders, could make that exchange have a higher price to buy bitc Continue reading >>

Bitcoin Cash News: Luno Bitcoin Members Soar As Price Plummets On Cryptocurrency | City & Business | Finance | Express.co.uk

Bitcoin Cash News: Luno Bitcoin Members Soar As Price Plummets On Cryptocurrency | City & Business | Finance | Express.co.uk

Analysts have claimed there is no reason to fear for the currencys long-term stability The South African based platform is one of the worlds mostpopular,and makes buying and selling easy for users. Luno co-founder and CEO Marcus Swanepoel, who is based in London, said: As one of the pioneers in the industry, were excited to onboard ourone millionthcustomer this week. Over the past few years, weve stayed laser-focused on making Luno the easiest place to buy digital currencies such as Bitcoin and Ethereum. It comes as global platform Luno reaches the one million customers mark Mr Swanepoels platform recently rolled out in Europe after south-eastAsianandAfricansuccess,and quickly became their fastest growing region. He added: Getting fast and friendly access to digital currencies is still the biggest pain point for most people, and core to our mission of making digital currencies safely and easily accessible for everyone, everywhere. Its also an important part of ourlongertermvision and a critical first step in building our platform that will help migrate the world onto a new, better financial infrastructure. Continue reading >>

How I Make Money Daily On Luno Platform | Dillionworld

How I Make Money Daily On Luno Platform | Dillionworld

Information Marketing, Freelance Opportunities, Finance, Financial Empowerment, Jobs, Employment, Politics, etc.www.dillionworld.biz I want to review to you how to make money daily on LUNO platform. LUNO(formerly BitX) is a well registered digital currency company that provides Bitcoin wallet and exchange services. If you have traded, want to trade Bitcoin or want to buy Bitcoin, DO NOT make another trade until you read this! Its Time You Learn How to Trade the Professional Way. Buying and selling bitcoins is probably the fastest and easiest way to try and make good money with bitcoin. The value of the currency fluctuates so much each day, it's a perfect target for traders. The volatility nature, makes Bitcoin a perfect market for trading. It's little risk, high reward and super exciting because absolutely no one knows how high or low this coin can go. Lots of money to be made in trading bitcoin. I will show you the safe ways to trade and give you some great lessons on how to do it safely and also, how I have been using LUNO Exchange to rake good amount daily. LUNO has the best and simplest system and interface. Anyone who can operate a smartphone can trade here. And if you own a smartphone or laptop, you should venture into this business. Now, someone may ask, if truly this is such an untapped market opportunity, why would I want to share it with others instead of keeping all of my little LUNO Bitcoin secrets to myself ? I believe that Bitcoin is probably the biggest thing to happen since the Internet, but I'm also aware that it hasnt been widely adopted yet. I want more people to get into Bitcoin since the larger the market is, the more money there is to be made. Thats why I need more people to do what I do, so that Bitcoin will become mainstream. The more traders th Continue reading >>

Malaysian Taxman Gives Luno The Cold Shoulder

Malaysian Taxman Gives Luno The Cold Shoulder

Malaysian Taxman Gives Luno the Cold Shoulder Nikita Blows January 16, 2018 11:30 pm Tax authorities in Malaysia have indefinitely frozen Lunos local account used in the country, BitX Malaysia, while they investigate possible tax concerns. London-based cryptocurrency exchange, Luno , has had its Malaysian account frozen pending an investigation by the countrys tax authority, the Inland Revenue Board (IRB). In a statement sent to The Edge Markets , the exchange said: As part of this, IRB has requested that we provide them with information on all our Malaysian customers: identification, deposits/withdrawals, and transactions. We are working closely with the IRB to limit the parameters of this broad request. As set out in our privacy policy, we value your (Luno customers) privacy and strive to protect your personal information. We will only provide personal information where we are legally required to do so and are working with our local advisers to ensure that any disclosure is consistent with our obligations to you, our customers. Luno called on its Malaysian clients to respect and follow the countrys financial requirements: Bitcoin and digital currencies are a new area of development for everyone including regulators, financial institutions, tax authorities, and many others. Navigating this requires everyone to work together to figure out optimal solutions to ensure the industry is safe and conducive to business. We are supportive of the recent measures by Bank Negara Malaysia (BNM) to come up with reporting requirements for digital currency exchanges. In a similar manner, we are working closely with our banks and the IRB to come to a swift conclusion with regard to this investigation. Even though the exchange does not know when the account, locally trading as BitX Mal Continue reading >>

Why Are Bitcoin Prices Different On Different Exchanges

Why Are Bitcoin Prices Different On Different Exchanges

Home Blog Why are bitcoin prices different on different exchanges Why are bitcoin prices different on different exchanges Opinion whybitcoin prices is different on different exchanges As the price of Bitcoin keeps on soaring and Bitcoin selection acknowledges quick development, we have an ever increasing number of clients scanning at the cost of Bitcoin and asking us: Why is the Bitcoin price so high/low on Luno contrasted with the price appeared on Google and different exchanges? While exploring the Bitcoin price , recall that theres no standard or worldwide Bitcoin price . Bitcoin isnt pegged in any capacity to the USD or to some other money, nation or any trade . TOP CRYPTO BROKERS : CHOOSE YOUR BROKER AND GET FREE EDUCATION KIT Its practically similar to soliciting: For what reason does a pack from rice cost more in one grocery store, city or nation contrasted with another?. The short answer is in light of free market activity, however we should make a plunge somewhat more profound for a more nitty gritty look. The rate gave by Google and other Bitcoin price trackers is typically only a normal gauge or an as of late exchanged price of Bitcoin on some worldwide Bitcoin trade . Google makes utilization of the Coinbase API, which gives an expected price in US dollar, barring expenses. Regardless of the possibility that you had US dollar in a Coinbase account, the price youll wind up paying for your Bitcoin will be unique in relation to the Google price, because of expenses and numerous different components. Clients from our nations of operation now and again look at the cost of Bitcoin in their home money: the Indonesian rupiah (IDR), South African rand (ZAR), Nigerian naira (NGN) or Malaysian ringgit (MYR). When you look for 1 BTC to MYR, for example, Google basicall Continue reading >>

Bitcoin Price Chart South African Rand(btc/zar)

Bitcoin Price Chart South African Rand(btc/zar)

Read the Disclaimer : Trading is a highly risky activity. Do consult your financial advisor before making any decisions. CoinGecko is not responsible for any trading decisions. Each week we will be adding a few new coins to this ranking. If you want to see your coin on this ranking earlier, drop us some comments and feedback at Like what we are doing? Donations are welcome! Continue reading >>

Bitcoin Arbitrage Trading - How To Make Money Trading Bitcoin

Bitcoin Arbitrage Trading - How To Make Money Trading Bitcoin

francois bitcoin exchange , South Africa , Uncategorized Bitcoin arbitrage trading is a way to make money trading bitcoin with less risk than speculative bitcoin trading or day trading. Trading bitcoin is risky business, this is a fact. The price can swing wildly, and nobody knows for certain what the price will be from day to day. If you know the bitcoin market, it is possible to read the market signals and make trades based on what you think might happen. This could make you money, and it can lose you money, but in essence, its a gamble. Bitcoin arbitrage trading is one of the best ways to make money trading bitcoin without having to worry as much about sudden price movements that could lose you money. It is a quick and safer way to trade than basing trades on what the chart is telling you. If you are serious about trading bitcoin and making money, you will have bitcoin on as many different exchanges as possible, and have yourself setup to buy or sell bitcoin on as many different platforms as possible. Why? So that you are able to take advantage of the best prices on any given platform at any time. Bitcoin arbitrage trading is when you simultaneously buy and sell bitcoin to make a profit from the difference in price on bitcoin exchanges. Bitcoin arbitrage trading is when you simultaneously buy and sell bitcoin to make a profit from the difference in price on bitcoin exchanges. You exploit the difference in price on different exchanges, and keep the change as free money. If Exchange A has a bitcoin price of R9000 and exchange B has a bitcoin price of R9150, you can take advantage and exploit the price difference, by taking the R150 difference for yourself, easy and free money / bitcoin. You simultaneously buy bitcoin on the cheaper exchange, and sell bitcoin on the mo Continue reading >>

Why The Bitcoin Price Is Different In Different Countries

Why The Bitcoin Price Is Different In Different Countries

Why the Bitcoin price is different in different countries As the price of Bitcoin continues to skyrocket and Bitcoin adoption realises rapid growth, we have more and more customers searching for the price of Bitcoin and asking us: Why is the Bitcoin price so high/low on Luno compared to the price shown on Google and other exchanges? When reviewing the Bitcoin price, it is important to remember that theres no standard or global Bitcoin price. Bitcoin isn't pegged in any way to the USD or to any other currency, country or any exchange. Its almost like asking: Why does a bag of rice cost more in one supermarket, city or country compared to another?. The short answer is because of supply and demand, but lets dive in a little deeper for a more detailed look. When you type in 1 BTC to USD in Google, you might get a result like the one below. The rate provided by Google and other Bitcoin price trackers is usually just an average estimate or a recently traded price of Bitcoin on some international Bitcoin exchange. Google makes use of the Coinbase API, which gives an estimated price in US dollar, excluding fees. Even if you had US dollar in aCoinbase account, the price youll end up paying for your Bitcoin will be different than the Google price, due to fees and many other factors. Customers from our countries of operation sometimes search for the price of Bitcoin in their home currency: the Indonesian rupiah (IDR), South African rand (ZAR), Nigerian naira (NGN) or Malaysian ringgit (MYR). When you search for 1 BTC to MYR, for instance, Google simply shows you the estimated exchange rate of 1 BTC in US dollar, as on Coinbase at that moment, and that dollar amount converted into Malaysian ringgit. This does not mean that every individual platform that allows you to buy and sell Continue reading >>

How Not To Make Money With Bitcoin As A South African - Imod

How Not To Make Money With Bitcoin As A South African - Imod

HOW NOT TO MAKE MONEY WITH BITCOIN AS A SOUTH AFRICAN Let me warn you, this is going to be a bit of a rant and if youre not in the mood for one rather scroll down a little to where I want to offer some tips. Whilst the rest of the world made an absolute killing on Bitcoin yesterday thanks to China , most of us South Africans sat and watched with envy. See, China went ahead and does what China often does .. moaned about something Internet related. This time it was about Bitcoin and guess what happened? The price of Bitcoin plunged from $1200 odd down to around $560 over night. Of course, the price drop was caused through the fear of the general public, but those who do a bit of trading on any form of stock market will know that this is often a really good time to quickly snap up stock and thats exactly what we should have been doing. Ive learnt a fair bit about trading and one thing I try to do is predict what the general uninformed public will do and try to trade in and around them to my benefit. Anyway, China isnt the be all and end all, what they say isnt the last word and with the US releasing various statements about Bitcoin being a major player for eCommerce (amongst plenty of other things) is was blindingly obvious that the price would rise again as the dust settled. So, based on the reading Ive done and my understanding of Bitcoin and various market places I figured the price would move up from $560 to around half way between $560 and $1200 fairly quickly. When a stock is so volatile and large corporations are publishing all sorts of speculative information, the price is going to rise and fall a few times in the case of Bitcoin, because its unregulated, theres more chance of this rather than a stock which could do a huge drop and not recover so quickly. Being fa Continue reading >>

Why Bitcoin Is Often More Expensive In South Africa

Why Bitcoin Is Often More Expensive In South Africa

Why Bitcoin is often more expensive in South Africa Bitcoin pricing on local exchanges can vary greatly from the average exchange rate on international platforms. The price users pay for a Bitcoin can be influenced by numerous factors, including trade volume and market size. Many South Africans have also noticed that the price of Bitcoin on local exchanges is different to that shown by Googles exchange rate. At the time of writing, a single Bitcoin cost R37,000 on South Africas biggest Bitcoin exchange, Luno. However, searching for the Bitcoin price using Google delivered a value of only R33,000 . Google Finances disclaimer states that its current Bitcoin price is calculated using data from Coinbase, a popular international exchange. This amounts to a difference of R4,000 between international and local Bitcoin pricing an issue Luno addressed in a recent blog post . The exchange said there is no standard or global Bitcoin price, and its local price is determined primarily by supply and demand. Luno also pointed out that the Bitcoin price listed by Google is an average of recent trade values on Coinbase, and excludes transfer fees and other costs involved in purchasing Bitcoin with fiat currency. This means that the Bitcoin-to-rand exchange rate shown by Google is the US dollar value converted to rand, and is not representative of local markets. Luno said its Bitcoin price was more expensive than international exchanges due to the supply and demand of the South African market. An exchange is a platform which allows users to sell Bitcoin to buyers, and the amount of sellers relative to the amount of buyers determines the Bitcoin price for that particular exchange. The price of Bitcoin can vary greatly from one exchange to the next,depending on the individual markets of t Continue reading >>

Bitcoin To Rand: Calculator, Prices And Charts.

Bitcoin To Rand: Calculator, Prices And Charts.

The price of Bitcoin is measured in a currency like US Dollar (USD) or South African rand (ZAR) . Heres a quick Bitcoin to rand price calculator and graph. This price is set on Bitcoinexchanges all over the world by consumers buying and sellingit. Since each Bitcoin exchange operates independently, the market force of buyers and sellers will set the price independently on that exchange. Imagine welive in a world with only one type of apple and that they for this demo, all of the same quality. In this world, we have a farmer, Sally, who takes her ripe apples toa marketplace toexchange them for money. Now, ifthere is only one farmer and there is a big demand for apples, she cankeep charging a higher price and higher price. Shell say Hey, Im selling apples and a buyer comes over and he says Hey, Id like to buy an apple! and they will start trading. If Sally charges less than what the buyer is willing to pay, shell make an instant sale.She can in theory keep increasing the price until the point at which the buyer says, Hey, this is too expensive, Im not interested in buying anymore. The other thing youre likely to witness is competition. Since were living in a place where lots of people like apples,there are now hundreds of apple farmers, all eager to make some money.These new farmers will come to market with their apples and set up shop next to Sally. They will soon see that by pricing their apples a little cheaper, they can get more trades. Through healthy competition and the forces of supply and demand, the priceof apples from all the different farmersshould soon stabilise. This is how you get the price of apples (in rand). Getting the price of Bitcoin in South Africanrand, works exactly the same way. In the real world, we simply have many traders with Bitcoin, which th Continue reading >>

How Is The Price Of Bitcoin Calculated?

How Is The Price Of Bitcoin Calculated?

Many people wonder how the price of Bitcoin is calculated, but its important to remember that it works no different than it would with other currencies or objects. Lets first look at how the prices of most things are derived - we can use oranges as an example. What is the price of an orange? Well, it depends. As a starting point, one would derive the price of an orange based on two things: how much someone is trying to sell it for, and how much another person is trying to buy it for. If John wants to sell it for USD2.50 and Sarah is only prepared to pay USD2.00, there is no deal. But if they agree on a price that works for both, lets say USD2.25, then the transaction will happen. If its winter there might be more people wanting to buy oranges, so the price will go up. Or if there is a drought the supply of oranges will become less, so more people are trying to buy less oranges, which can also drive the price up. Bitcoin and other currencies are a bit different from oranges in that they are what is called homogeneous - one dollar is identical to another dollar, just as one Bitcoin is the same as another. Oranges on the other hand can vary in size and quality. All this means is that its easier to come up with a price of a currency or Bitcoin. Once again, just what a buyer and seller will agree on. Many people might not realise that other currencies work exactly the same - if you are holding a coin or note of your own local currency in your hand, at any given point in time there are millions of people buying and selling your local currency, so while you might observe it as stable, its value actually continuously changes. When you want to exchange it for another currency at a currency desk, lets say for USD, one day you pay 10 local currency to a dollar, the next day maybe Continue reading >>

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