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Wall Street unveiling “Bitcoin Bonus” for Bankers and Traders



Wall Street

Wall Street is about to unveil Bitcoin bonus for traders and bankers in the street and will pay bonuses by the end of the year.

Bitcoin has been on the dream run this year with appreciating more than 1500% in 2017, reached its all time high of $19000 in previous week but now facing a little bit of correction and currently price stands at $13000.

Wall Street is looking for commission hungry employees, and this step is towards attracting more talent by offering them bonuses in the form of crypto currency bitcoin.

Banks and brokerages will show them the money, wads and wallets of bitcoins and cryptocurrencies to digitally juice big year-end payouts of hard cash and deferred stock awards to traders and bankers, Wall Street insiders claim.

“The bitcoin bonus could be one of the methodologies in recruiting better talent into your organization,” said Bob Graham, a digital currency expert at accounting and advisory firm Friedman.

The idea of bitcoin bonuses isn’t far-fetched, according to securities attorney Aaron Kaplan, at Gusrae Kaplan Nusbaum.

Partners in some venture funds, as part of their packages, are already accepting “virtual tokens” tied to initial coin offerings now that the rising value of cryptocurrencies has been demonstrated, Kaplan told The Post. “Sure, it is definitely a possibility,” he said of the bitcoin bonus on Wall Street.

The bonus possibility ratcheted up with the Chicago Board Options Exchange (CBOE) and the CME Group launching bitcoin futures contracts. The CBOE contract under ticker symbol XBT begins Sunday evening, and will be equal one bitcoin; and five bitcoins will trade at the CME under ticker symbol BTC beginning next Sunday night.

“We saw a tremendous boost in the bitcoin price once the CME came out and said it was opening up the futures contract,” New York-area commodities trader Dmitry Pichkar said. “It was really kind of endorsing bitcoin as a type of commodity that people, including the institutions, will be able to participate in.”

Crypto currency prices are vulnerable and price can move 20% in either direction on any given day easily, that is the big issue that investors will face in future

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Crypto market stabilizing gradually




crypto trading

Crypto market is stabilizing around $450 billion market cap after gradual increase in overall value in recent weeks.

Leading crypto currencies are on the rise, lead by Bitcoin, Ethereum, Bitcoin Cash and Ripple. Although increase in bitcoin value is less as compared to other crypto currencies but overall market is on rise with current market of $440 billion.

Bitcoin is currently hovering around the $9300 mark after being rejected at $10000 mark couple of times in last days, Ethereum is on the charge as well but the most surprising one is Bitcoin cash. Bitcoin cash was at $600 couple of weeks ago and now at $1600, shows rapid growth in recent weeks.


Crypto currency of the month has to be EOS, investors of EOS are enjoying a massive rise in value in past few weeks, EOS started April at $5 mark and now is at $18 , value of EOS increased more than 3 times within one month.

Current top 5 crypto currencies

  1. Bitcoin : $9388
  2. Ethereum: $741
  3. Ripple: $0.83
  4. Bitcoin Cash: $1630
  5. EOS: $18.28


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Take a Crypto Pill




Crypto Pills

Crypto market is crashing, we all know that, panic sellers are taking over the market with massive sell-off. You can’t control that, just calm down and take a Crypto Pill to make things easy.

Crypto Pill is the term being used by industry leaders to make things calm down from recent fiasco, yesterday a leaked news from CFTC about Bitfinex and Tether made things even more difficult for crypto traders, short sellers went all into the market with massive short bets, and they won, Bitcoin price slipped below $10000 level to as low as $9500, but later on recovered to $10K , but selling pressure is still there.

First South Korea and now US

First it was South Korea, the country with massive trading volumes in crypto market, they announced to ban anonymous crypto trading and ban took place effective from 30th Jan 2018, then a sudden news came from US market when Bloomberg broke the news that US financial regulatory authority CFTC investigating Tether and Bitfinex, but later on it was confirmed that news was from December last year, which made market calm down a little bit after all that tension and hype about US crackdown on crypto currencies.

HODLers will take over market soon

Despite of all this fiasco, Hodlers are still holding their Crypto currencies, they are not giving up and they holding for their dear life, it is very much possible that they take over this market in near future, making another uptrend in coming months.




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Venezuela is the cheapest country to mine Bitcoin




Bitcoin venezuela

Cost of mining one Bitcoin in Venezuela is just $531 

Most expensive country to mine Bitcoin is South Korea, where cost of mining one bitcoin is $26,170

After recent crackdown by Chinese Government on Bitcoin miners, most talked about topic in bitcoin community is that which country would Chinese Bitcoin miners chose to shift, as many research firms were working to find the best possible option for the miners, one of the best option is Venezuela, where cost of mining one bitcoin is the cheapest, just $531, as compared to China where cost of mining one bitcoin $3172.

Others with lower costs are Bangladesh, Belarus, Paraguay, Serbia and Trinidad & Tobago. The most expensive is South Korea at $26,170 per coin. The U.S. cost is $4,675.
Calculations for the amount of energy consumed were based on the average usage of three popular types of mining equipment: the AntMiner S7, the AntMiner S9 and the Avalon.

Bitcoin mining consumes a lot of energy and according to one estimate, Bitcoin mining currently consuming energy which is more than 159 countries, including countries like Ireland

Bitcoin mining leading surge in global electricity consumption



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