The bitcoin is on a high and has reached its highest since its inception. The currency was at $966 at the start of this year and has now soared to $5,243, compared to last year price it has increased by 750% and is now four times more valuable than gold. The price though on the rise is still very inconsistent. It went down to $3000 in September due to fears of a Chinese government clampdown on this currency. The Chinese have passed an order to bring a stop to trade and also for accepting new registrations. They feared that the bitcoin would cause financial troubles to their economy.
Despite the ban on this currency in China, the consumers are getting high returns says Jordan Hiscott, Ayondo Markets chief trader. China was seen as a significant contributor with close to 10% of consumption globally reportedly came from that country. Like China, Russian President Vladimir Putin also wanted the cryptocurrencies to be regulated as they can cause considerable risks to the economy like concealing money, evading tax, providing cash to a terrorist organization, etc. He was also against putting too many restrictions which caused the bitcoin to gain popularity.
Amidst alerts of a bubble burst of Bitcoin, it is trendy among investors. The acceptance of this currency is also high. For example, Many are accepting payments of house rents, hotel rents, etc. through cryptos.
A fortnight ago, Japanese governments also amended its laws to allow payment through Bitcoin. Even famous people like Floyd Mayweather and Paris Hilton are supporting the cryptos.
A cryptocurrency helps you to make payment for any product or service without having to go through bank payment gateways. That means you are no longer using any bank or traditional ways like credit cards to pay. The banks and other financial institutions are worried about crime and laundering of money using bitcoin as the transactions are done without needing identification.
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A lot happened in 2017, and every day a something was happening in all domains from politics to debates on gender equality to health care to climate control. Science was also not left behind, and many important events occurred and here are a few of the top things that happened.
Solar Eclipse: It was an event that had taken many years to come. The first solar eclipse to cross the U.S happened on August 21. Many people chose to get away from their routine and watch this phenomenon and also provided scientists to learn more about the sun and the role of earth in the solar system.
Seadragon: A ruby sea dragon was observed by scientists in January in the Southern Australian coast. This animal was never seen before by anyone and was swimming. The scientists used an underwater camera to capture this rare animal which looked like a seahorse. The same animal was found dead in 1919, but there was no trace of more like them, but only in 2015, it was declared as a new animal.
Evidence of life: In March this year, scientists said that they found rocks in Quebec which were made 3.8 billion years back. Again in September, a Japanese team revealed that Labrador had stones that were made of graphite and supposedly had come from organisms that were found 3.95 billion years earlier.
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Florida is going to face a hurricane called Irma and is amongst the many storms that the United States has had this year. The officials after finding out that is a category five have stated that the evacuation is necessary and will be started Tuesday. This hurricane is categorized as the most potent in the past decade to strike Florida.
This warning has come a week after the Texas Hurricane Harvey, which killed about 60 and the city is still limping back to normal. The Hurricane Irma is strengthening and has recorded gusty winds of more than 180 miles per hour.
The Florida Keys which is a popular destination for vacationers is the in the line of the storm as forecasted by the met department. The Florida Keys has a series of islands and currently has a population of 80000 people residing. With a large number of people staying in there, the place had been ordered to be evacuated starting Wednesday.
The course the storm will take is yet to be determined, but the Mayor of Miami Dade which has the highest population in the county with 2.7 million residing is not taking any chances. He has asked the people living there to be ready with food and other essential supplies stocked and also said that some of the areas might need to be moved to safer areas.
The Miami University announced on Tuesday that the classes would be canceled from Wednesday till the weekend at its two campuses. The officials of the city of Miami also warned the people who reside in the structures beside the cranes to move out of their houses before the storm hits as the cranes cannot hold up gusty winds of 145 miles per hour and hence the arms of the vehicle can be dangerous as they can fall. Those living on the top floors are in huge risks if the crane falls on those buildings.