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Bitcoin has broken through its all-time price high.

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The post Bitcoin, the People’s Money, Roars to All-Time High appeared first on CryptoCoinsNews.

Stocks finished the day mixed after a day that featured a slew of news from the new Treasury Secretary and the Trump administration.

The tech-heavy Nasdaq was the big loser of the day, remaining in the red after falling steeply to start the day. On the flip side, the Dow Jones Industrial Average ticked up to record high for a 10th straight day.

Before we get the headlines, however, let's check the scoreboard:

• Dow: 20,798.17, +22.57, (0.11%)
• S&P 500: 2,362.14, -0.69, (-0.03%)
• Nasdaq: 5,830.41, -30.57, (-0.52%)
• 10 year Treasury yield: 2.388%, -3 basis points

1. Trump's Treasury secretary said tax reform should be passed by August. Steven Mnuchin told CNBC that he expected the overhaul of corporate and personal taxes to be signed into law by the August recess. He also said that the administration was considering the controversial border adjustment tax, but was not sold on it.
2. Mnuchin also said the stock market was a good report card for the administration. Mnuchin said that "this is a mark-to-market business" and stocks would be an indication of investor confidence in the president. He also said the country can get back to 3% GDP growth because of Trump's policies.
3. Reports indicate that the Trump administration is pushing back infrastructure investments. Axios reported, citing Republican insiders, that the massive infrastructure plan promised by Trump is likely to not go ahead until 2018.
4. Former House Speaker john Boehner said Obamacare repeal and replace is "not going to happen." At a healthcare conference in Orlando, Florida the former Republicans speaker who retired in 2015 said that "most of the framework" was going to remain despite the GOP's plan to repeal the law. 
5. Bitcoin hit an all-time high. The cryptocurrency jumped above $1,166 per coin in trading, above its previous record high of $1.161.88 from January 5.
6. Initial jobless claims come in higher than expected. There were 244,000 initial claims for the week, just above the 241,000 forecasted by economists. It is the 103rd straight week claims came in below 300,000.
7. The Mexican peso hit its strongest level since Election Day. The currency hit 19.6436 per US dollar, a 1.4% gain, after Secretary of State Rex Tillerson met with Mexican Foreign Minister Luis Videgaray.

Additionally:

In meeting with manufacturing CEOs, Trump insists GE's Immelt tell the story of the time Trump hit a hole in one

Trump says he can't find any country the US has a trade surplus with — here they are

$3.7 BILLION HEDGE FUND: There's a lot to be excited about under Trump, but nobody's talking about it

GUNMAKER CEO: People are buying guns because cops are backing off and crime is 'soaring to the roof'

Here are the 25 books Wall Street will be reading this spring.

SEE ALSO: Here's what the signature on your dollar bills will soon look like

Join the conversation about this story »

NOW WATCH: Here’s everything we know about the iPhone 8

Stocks finished the day mixed after a day that featured a slew of news from the new Treasury Secretary and the Trump administration.

The tech-heavy Nasdaq was the big loser of the day, remaining in the red after falling steeply to start the day. On the flip side, the Dow Jones Industrial Average ticked up to record high for a 10th straight day.

Before we get the headlines, however, let's check the scoreboard:

• Dow: 20,798.17, +22.57, (0.11%)
• S&P 500: 2,362.14, -0.69, (-0.03%)
• Nasdaq: 5,830.41, -30.57, (-0.52%)
• 10 year Treasury yield: 2.388%, -3 basis points

1. Trump's Treasury secretary said tax reform should be passed by August. Steven Mnuchin told CNBC that he expected the overhaul of corporate and personal taxes to be signed into law by the August recess. He also said that the administration was considering the controversial border adjustment tax, but was not sold on it.
2. Mnuchin also said the stock market was a good report card for the administration. Mnuchin said that "this is a mark-to-market business" and stocks would be an indication of investor confidence in the president. He also said the country can get back to 3% GDP growth because of Trump's policies.
3. Reports indicate that the Trump administration is pushing back infrastructure investments. Axios reported, citing Republican insiders, that the massive infrastructure plan promised by Trump is likely to not go ahead until 2018.
4. Former House Speaker john Boehner said Obamacare repeal and replace is "not going to happen." At a healthcare conference in Orlando, Florida the former Republicans speaker who retired in 2015 said that "most of the framework" was going to remain despite the GOP's plan to repeal the law. 
5. Bitcoin hit an all-time high. The cryptocurrency jumped above $1,166 per coin in trading, above its previous record high of $1.161.88 from January 5.
6. Initial jobless claims come in higher than expected. There were 244,000 initial claims for the week, just above the 241,000 forecasted by economists. It is the 103rd straight week claims came in below 300,000.
7. The Mexican peso hit its strongest level since Election Day. The currency hit 19.6436 per US dollar, a 1.4% gain, after Secretary of State Rex Tillerson met with Mexican Foreign Minister Luis Videgaray.

Additionally:

In meeting with manufacturing CEOs, Trump insists GE's Immelt tell the story of the time Trump hit a hole in one

Trump says he can't find any country the US has a trade surplus with — here they are

$3.7 BILLION HEDGE FUND: There's a lot to be excited about under Trump, but nobody's talking about it

GUNMAKER CEO: People are buying guns because cops are backing off and crime is 'soaring to the roof'

Here are the 25 books Wall Street will be reading this spring.

SEE ALSO: Here's what the signature on your dollar bills will soon look like

Join the conversation about this story »

NOW WATCH: 1,500 happily-married people say the key to lasting relationships isn’t communication — it’s respect

CoinScope, a tool that provides aggregated data about bitcoin nodes, has been made open source.

Source

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The post Bitcoin is Breaking Price Records appeared first on CryptoCoinsNews.

Bitcoin hit a record high of $1,162 on February 23, nearly two months after hitting its previous high of $1,161 on January 5.

A year and a half ago, the idea of buying the virtual currency bitcoin at that price was laughable. After a rapid rise in value in 2013, the cryptocurrency's value more than halved by mid-2015.

At its lowest point, one bitcoin was equal to about $230.

Given the currency's covert nature, the average person still may not understand how buying and selling actually works.

Using the app Coinbase, which lets anyone trade bitcoins for a small fee, we decided to find out.

A brief warning: If you're going to do this, tell your bank you're about to buy bitcoin. More on that later.

SEE ALSO: Bitcoin is trying to make a comeback

This is what the Coinbase app looks like on an iPhone.

When you first open the app, you're presented with the latest price of bitcoin and its change within a certain period. You can see in the chart below how wild the latest moves have been. (We bought the bitcoin in early January.)

I happen to be one of the many who have never traded bitcoin before. There's a certain level of wariness in buying into the cryptocurrency world.

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The post Breaking: Bitcoin Is Hitting Beyond Its All-Time High appeared first on CryptoCoinsNews.

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The post Bitcoin P2P Lending Platform Bitbond Raises $1.2 Million in Equity Funding appeared first on CryptoCoinsNews.

Hawaii's new 'bitcoin bill' passed a notable milestone this week.

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The post Spice Haven Sichuan is Quickly Becoming China’s Bitcoin Mining Capital appeared first on CryptoCoinsNews.

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The post Danish Police Proclaim ‘Ground-Breaking’ Bitcoin Tracking System appeared first on CryptoCoinsNews.

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The post Will Bitcoin Surpass All-Time High While We Wait for the ETF? appeared first on CryptoCoinsNews.

Researchers have laid out a framework for a payment system they claim would be even faster than bitcoin's Lightning Network.

Source

Bitcoin is getting closer to a record high. Early buying on Thursday has the cryptocurrency up 1.7%, or $19.25, at $1148.56 a coin, and on track for its 10th straight day of gains. Its all-time high of $1,161.88 was set on January 5. 

Buyers have been piling into bitcoin in anticipation the US Securities and Exchange Commission will approve at least one of the three proposed bitcoin-focused exchange-traded funds by the March 11 deadline despite analysts warnings that none will be approved. 

The current rally in bitcoin has run the price up more than 17% and has been the latest chapter in a volatile start to the year. Bitcoin surged more than 20% in the first week of 2017 amid heavy buying interest from China. Then, the price crashed 35% amid fears China was going to crack down on trading.  

After bottoming out near $750 a coin, the cryptocurrency rallied despite news that China's largest exchanges would begin charging a flat fee of 0.2% on all transactions and that two of China's largest bitcoin exchanges were blocking withdrawals.   

SEE ALSO: We bought and sold bitcoin — here's how it works

Join the conversation about this story »

NOW WATCH: Mexican architects visualized Trump's proposed $25 billion wall to show how unrealistic it would be

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The post Newsflash: Bitcoin Price Tops 3-Year Highs, Breaches $1,150 appeared first on CryptoCoinsNews.

Blockchain IoT startup Filament has almost completed a fresh round of fundraising.

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The price of bitcoin has surged overnight, closing to within $30 of an all-time high set back in 2013.

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The post Bitcoin is Challenging the All-Time High appeared first on CryptoCoinsNews.