{"id":10668,"date":"2021-08-16T09:33:09","date_gmt":"2021-08-16T13:33:09","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=10668"},"modified":"2021-08-17T08:54:23","modified_gmt":"2021-08-17T12:54:23","slug":"bitcoin-surges-7-07-to-47587-38","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/bitcoin-surges-7-07-to-47587-38\/","title":{"rendered":"Bitcoin Surges 7.07% To $47,587.38"},"content":{"rendered":"\n<p>Bitcoin shot up 7.07% to $47,587.38 on Friday, extending its previous close by $3,142.93.<\/p>\n\n\n\n<p>The latest update suggests that Bitcoin is now 71.6% above its January 4 year low of $27,734.<\/p>\n\n\n\n<p>The second widely acknowledged coin, Ether, the coin linked to blockchain network Ethereum, rose 7.86% on Friday to $3,284, adding $243.55 to its previous closing price.<\/p>\n\n\n\n<p>While it continues to test Bitcoin at a distance of several thousand dollars, the potential applications of the Ethereum platform, lower environmental impacts, and technical upgrades are classified to give it a better performance advantage over Bitcoin.<\/p>\n\n\n\n<p>Both Bitcoin and Ethereum operate on a proof-of-work system that requires a global network of computers that runs 24\/7.<\/p>\n\n\n\n<p>While Bitcoin still largely uses carbon emissions to secure its network and mining operations, software developers at Ethereum are taking a very different approach to secure its network as it strives to eliminate the carbon emission issue.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/technology\/bitcoin-rises-707-4758738-2021-08-13\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin shot up 7.07% to $47,587.38 on Friday, extending its previous close by $3,142.93.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[124,64],"class_list":["post-10668","post","type-post","status-publish","format-standard","hentry","category-todays-news","tag-bitcoin","tag-ethereum"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/10668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=10668"}],"version-history":[{"count":5,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/10668\/revisions"}],"predecessor-version":[{"id":10710,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/10668\/revisions\/10710"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=10668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=10668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=10668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}