Bitcoin price LIVE: BTC skips $ 400 in an hour – The bitcoins are about to skyrocket? | City and business | Finance

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Good afternoon and welcome to our continued coverage of all things cryptocurrency, including price, innovation, regulation and financial crime.

An unexpected spike sees bitcoin climbing by over $ 400 in just one hour, while the market is again turning green.

Bitcoin rose 1.09 percent on the day trading at $ 6.477.72, although prices jumped $ 370 to be sold at $ 6.816.72 at 2am.

Ethereum rose 1.22 percent to trade at $ 298.91.

The ripple rises from 8.61 percent to $ 0.316306.

Litecoin also rose 1.59 percent to $ 57.43.

An astounded market has seen bitcoin prices rise morning to two weeks high before slowly sliding towards resistance, but this is a sign of a rebirth.

UPDATE 21:00: Kinit becomes the first app approved by Apple with cryptocurrency rewards

Today, the team Kin made a surprise announcement Kinit is Now available on iOS for consumers in the United States, it joins the public version of Android and marks a milestone for the team.

Consumers on both major mobile platforms now have an easy-to-use access point to earn cryptocurrency by completing daily tasks such as opinion polls and quizzes and then spending their tokens on a variety of electronic gift cards. Brands such as Red Bull and Swarovski used Swelly integration for A / B tests and advertising.

Not only does Kin make the first cryptocurrency app to be granted an exemption from Apple's stricter guidelines, it shows Apple's commitment to supporting quality products in the cryptocurrency space and demonstrates the prowess of Kin's development and partnership team.

3.50 pm UPDATE: Smartphones could assist hackers in the extraction of cryptocurrencies

Cryptojacking, or hacking in a smartphone to assist in the illegal extraction of cryptocurrencies, is the last tool of the arsenal of hackers to benefit from uninformed consumers.

Encryption consists of "trapping an Internet server, a personal computer or a smartphone to install malware to extract cryptocurrencies," said Gerome Billois, an expert at the IT services company Wavestone.

Mining is basically the process of assisting verify and process transactions in a given virtual currency. exchange the miners are now rewarded with some of the same currencies.

The legitimate mining operations link together thousands of processors to increase

ethereum, monero and other cryptocurrencies can be very profitable, but requires considerable investment and generates huge electric bills.

But hackers have found a cheaper option: surreptitiously exploiting processors in smartphones.

3pm UPDATE: Bitcoin reaches the maximum of two weeks with a peak from $ 400

Bitcoin has gained value on Wednesday to a maximum of two weeks.

The best-known cryptocurrency in the world has risen from $ 6,466.50 to about midnight to $ 6,858.61 at about 1am BST, according to data from the CoinDesk industrial site .

It was the first time bitcoin was above the level of $ 6,800 from August 7th.

The reason for the sudden jump in the value of the virtual currency was not immediately clear. The cryptocurrency was slightly attenuated at $ 6,663.96 of about 2 pm. London time Wednesday, up 2.87 percent in the last 24 hours.

Bitcoin is still down 66 percent from a record price close to $ 20,000 en set in December of last year.

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