Bright Side of News: As everyone knows by now, cryptocurrencies are the latest craze in the computing community. You've got people mining BitCoins on industrial scales using ASIC miners and you've got countless people mining LiteCoins (and all the other crytocoins) using their gaming GPUs. Currently, the BitCoin sits at a price of $905 at the time of publication, but in the past week has fluctuated as much as $300 in either direction. While it appears that BitCoin [BTC] has leveled off for now, the new more affordable and heavily mined currency is the LiteCoin [LTC].
The arrival of spot bitcoin ETFs in the US offers easy access to the masses. Purists will steer clear.
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After plummeting in June, the price of Bitcoin has remained at such a low level that it is causing the
Inflation and expected interest rate hikes likely play a part in Bitcoin's dropping value.
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