Overstock.com CEO Sees Bitcoin Sales Rising More Than

With the growth of Bitcoin as of late (Overstock.com acceptance, first pro team accepting BTC's, and things going steadily up in China in spite of new regulations) - is anyone else surprised at how steady the price has been?

I mean, for the last few weeks or so, it's been between 800 and 900 dollars (Bitstamp.) I'm just surprised the market price isn't really reflecting all these new developments, especially over the last couple of weeks.
Perhaps this will be similar to the trends last summer where it stayed around 100-140, and then popped through 500, and didn't look back. (ie- perhaps it'll bust through 1500 and 2 grand will be the 'new normal')
Thoughts?
submitted by reddelicious77 to Bitcoin [link] [comments]

This is What Blood in the Streets Looks Like

Cast your mind back to December and January. The excitement. The euphoria. The adrenaline. The “I’m gonna be fucking rich” swagger.
Now flip that on its head. 180 degrees. What does that look like? It probably looks a lot like this.
People calling for a two year bear market are wrong. Those times have passed. We are on a much shorter timeframe now given the interest, money and human capital dedicated to the space. Last January, I called for a 2-12 month bear market. I think I’m still looking good on that.
Contrast how in 2017 every fucking piece of news, good or bad, moves the market. China bans ICOs? Boom -20%. Coinbase subpoenaed for tax purposes? Boom -10%. Overstock.com CEO says Bitcoin is the future? Boom +10%. Segwit2x been cancelled? Boom +30%.
My point is this: as ridiculous as 2017 was where we reacted to everything like off-pipe meth head, we’ve now go to the exact opposite of reacting to nothing. The reality is that we probably lie somewhere in between and should be pricing in all the incredible developments occurring in the space, but we aren’t.
Hold until Q1 2019 when the next market catalyst will arrive and all of this will seem like a bad dream.
submitted by theblockchainkid to CryptoCurrency [link] [comments]

[Daily Discussion] Sunday, January 12, 2014

Welcome to the /BitcoinMarkets daily discussion thread!
Thread topics include, but are not limited to:
Thread Guidelines
Other ways to interact
submitted by AutoModerator to BitcoinMarkets [link] [comments]

r/Bitcoin recap - January 2019

Hi Bitcoiners!
I’m back with the 25th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in January 2019
Adoption * The number of daily bitcoin transactions has been increasing rapidly again (10 Jan) * Bitcoin ads in Tokyo (11 Jan) * A fish-market in San Diego accepting bitcoin (12 Jan) * A discussion on handing out bitcoin at work (14 Jan) * Bitcoin transactions have increased by 50% over 6 months, with fees at a 2 year low (16 Jan) * LocalBitcoins has more volume than the Venezuelan stock market (16 Jan) * A popular content creator deletes his Patreon account and starts accepting bitcoin (16 Jan) * Buying bitcoin at one of 20k coinstar machines (17 Jan) * A story from a European teacher working in China using bitcoin to send money home (22 Jan) * Germany has 1/5th of the world’s Bitcoin nodes (23 Jan) * SatoshiLabs’ Lightning Node routes over 1 btc in transactions in one day (27 Jan) * Someone in Cambodia uses the Lightning Network and Bitrefill to pay their $1 weekly phone bill (30 Jan) * The Lightning Network reaches 600 btc in capacity (30 Jan)
Development * A special thank you to all the Bitcoin Core contributors in 2018 (1 Jan) * A discussion on the need for a lightning network stress test (6 Jan) * New Lightning apps made at the Seoul Bitcoin Lightning Hackathon (7 Jan) * Wasabi wallet can now mix large amounts faster (12 Jan) * Bitcoin Core developer Adam Gibson talks about fungibility, privacy and coinjoin (16 Jan) * A new Bitcoin developers school is launched in Switzerland (28 Jan)
Security * Bitcoin’s immune system (2 Jan) * A discussion on the importance of running full nodes after an attack on another cryptocurrency (8 Jan) * Google Play store requires Samourai Wallet to disable some of its security features (8 Jan) * The Kraken exchange CEO warns users to not store coins on an exchange if you’re not actively trading (16 Jan) * LocalBitcoins.com is compromised (26 Jan)
Mining * Bitmain lost 28% of its bitcoin mining market share in 6 months (2 Jan) * An analysis of a strange nonce pattern in Bitcoin since block 400k (7 Jan) * Bitcoin mining becomes more decentralized as Bitmain loses dominance (18 Jan)
Business * Overstock becomes the first major US company to pay taxes in bitcoin (4 Jan) * Gemini exchange promises it will start using SegWit, Bech32 addresses and transaction batching by the end of Q1 2019 (7 Jan) * Gab emails its 850k users about its switch to Bitcoin (9 Jan) * Bitrefill launches a Lightning channel opening service (9 Jan) * Jihan Wu is stepping down from his role as CEO of Bitmain according to an insider leak (10 Jan) * Bitcoin crowdfunding powered by BTCPay (10 Jan) * Bitmain shuts down its btc.com office (14 Jan) * One of the biggest banks in the Netherlands launches a bitcoin wallet (23 Jan) * A ‘leaked’ photo shows that the Samsung Galaxy 10 has a cryptocurrency wallet (24 Jan) * Data collection by bitcoin businesses (29 Jan) * Fidelity will launch its bitcoin custody service in March (30 Jan) * Paxful a P2P bitcoin marketplace, launches its second school in Rwanda (31 Jan) * The QuadrigaCX exchange goes bankrupt after losing access to its cold wallets (31 Jan)
Research * Data on the Proof of Keys event over the last 9 years (2 Jan) * 50% of the bitcoin supply hasn’t moved in a year (10 Jan) * A rebuttal to the reports of Bitcoin’s environmental damage (31 Jan)
Education * Bitcoin’s first block was mined 6 days after its genesis block (10 Jan) * TIME on why Bitcoin matters for freedom (24 Jan) * A simple explainer video of the Lightning Network (27 Jan)
Regulation & Politics * Coinbase bans Gab.com and its founder (5 Jan) * Some Yellow Vests in France are calling on their supporters to withdraw their money from the banks (8 Jan) * Wyoming introduces bill offering cryptocurrencies legal clarity (19 Jan) * The government of Zimbabwe shuts down the Internet country-wide and hurts its economy (21 Jan) * Venezuela’s new interim president is pro-bitcoin (25 Jan) * Iran lifts its Bitcoin ban (29 Jan)
Archeology (Financial Incumbents) * The European Central Bank has printed €2.85T since 2015 to help sustain the EU economy (4 Jan) * Some of the Yellow Vests in France are calling upon supporters to withdraw money from the banks (8 Jan) * EU fines Mastercard for €570M for high fees (22 Jan)
Price & Trading * Don’t look at ATHs, look at yearly lows (3 Jan) * Whenever you doubt your investing decisions, remember this guy (4 Jan) * Someone creates an open-source terminal dashboard for automated trading and charting (15 Jan)
Fun & Other * Someone put 5% of their paycheck into bitcoin for 3 years (1 Jan) * Bitcoin featured in The Times newspaper on its 10th anniversary (2 Jan) * Bitcoin was launched 10 years ago (3 Jan) * A “How to use bitcoin anonymously” article gets banned on Medium (5 Jan) * A street art treasure hunt in Paris with a Bitcoin puzzle (7 Jan) * An AMA with the co-founder of Wasabi Wallet (7 Jan) * People are trying to encourage others to quit smoking and acquire bitcoin with those savings (8 Jan) * 10 years since Hal Finney’s “Running Bitcoin” tweet (9 Jan) * Gab calls bitcoin “free speech money” (9 Jan) * Nick Szabo on Central Banks, gold and bitcoin (11 Jan) * A discussion on the public perception of ‘hodl’ (12 Jan) * A Twitch streamer receives 20 bitcoin in donations (13 Jan) * The Paris bitcoin puzzle was solved (14 Jan) * An AMA by Blockstream (16 Jan) * The challenges of launching a new cryptocurrency with Proof-of-Work today (16 Jan) * A bitcoin logo on a football team’s shirts in Israel (21 Jan) * Buckminster Fuller on an energy-value system in 1981 (22 Jan) * Someone started anonymously broadcasting messages over Blockstream’s satellites (24 Jan) * Bitcoin is inspiring a new generation of investors (28 Jan) * A story from someone who lost ~$2M USD in btc (29 Jan) * A discussion on tokenization in stock and bonds trading (31 Jan)
submitted by SamWouters to Bitcoin [link] [comments]

10 things you need to know before the opening bell

  1. Stocks crashed this morning after China vowed counter measures against the US over tariffs. China said the US tariffs violate a consensus reached by leaders of two countries and get off the right track of resolving disputes via negotiation.
  2. President Donald Trump tweeted on Wednesday that his Chinese counterpart Xi Jinping was a "great leader" and posed setting up a "personal meeting" to solve escalating protests in Hong Kong. "I know President Xi of China very well. He is a great leader who very much has the respect of his people," Trump said in a tweet on Wednesday evening.
  3. Hundreds of Googlers are urging the company not to bid on a contract with the US Customs and Border Protection that they say would facilitate 'human rights abuses'. The CBP contract— which seeks to "acquire services from a Cloud Services Provider" — has stirred controversy amongst Google's rank-and-file due to the agency's recent handling of migrants at the US southern border, the petition released on Wednesday said.
  4. The world's biggest shipping company just put up a red flag that the trade war is crushing the global economy. "I guess in a way we have been expecting a slowdown all year, and global demand has grown so far, and we expect that to continue to grow 2-3% which is consistent with a slow growing economy and that's what we are planning for," Maersk's CEO said.
  5. Overstock sheds $317 million in market value after its CEO releases a bizarre statement about his involvement with the 'Deep State'. Shares fell by as much as 23% Wednesday, bringing the decline since Monday to 36%.
  6. Bitcoin slumps to two-week low on technical trading, market jitters. The biggest cryptocurrency fell 5.5% in early trade after slumping 7.7% a day earlier, when it dropped under $10,000 for the first time since August 1 and posted its biggest fall since July 16.
  7. Trump lashed out at 'clueless Jay Powell and the Federal Reserve' after recession signal flashes. "We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down,"the president wrote on Twitter.
  8. Global stocks are falling after China's announcement. US futures S&P 500 (-0.5%. and the Nasdaq (-0.9%) both slid. European stocks also dropped, with the Dax (-1.6%) down as did Euro Stoxx 50 (-1.2%). Asia closed mixed, the Nikkei 225 (-1.2%), the Shanghai Composite (+0.3) rose as did the Hang Seng (0.8%).
  9. There are some mammoth earnings out today. Chinese e-commerce giant Alibaba has its latest earnings as does Walmart.
  10. There is a raft of data out today. There is lots of retail data out later in the US, with retail sales control group the highlight.
Link to article
submitted by autobuzzfeedbot to buzzfeedbot [link] [comments]

Cryptocurrency: Is It Still Alive or Dying? Part 2.

Cryptocurrency: Is It Still Alive or Dying? Part 2.
Part 2. Political and Economic Trends in Favor of the Cryptocurrency Market Development

In the first part of the story we showed that the cryptocurrency market crash in 2018 and the beginning of its recovery in 2019 fit well into the general patterns of the financial bubbles’ development, and also repeat pretty well the Bitcoin dynamics of 2014-2016. But besides the analogies with other bubbles, there are a lot of other arguments in favor of the global growth of the market, among which are the political and economic trends of the recent years.

Relaxation of the Political Climate around the Cryptoassets

The entire year of 2017 has witnessed heated discussions as to the legal status of the digital assets. One of the central events of the year was their legalization in Japan in April. Precisely this legalization, according to many, spurred a dramatic growth of the cryptocurrency market in May (especially, altcoins). But the majority of other countries during this period held more skeptical positions.

The U.S. government on several occasions refused to register bitcoin-ETF - exchange-traded funds, the price of shares in which would repeat the price of BTC. The U.S. government also extremely tightened the conditions of the ICO procedure, while some countries, such as China and South Korea - have banned it completely. Certain countries, such as Indonesia and Salvador, have banned cryptocurrencies to the extent of criminal responsibility.

A number of countries, including Russia, have adopted a cautious wait-and-see attitude, regularly promising to impose restrictions of varying severity, but not hurrying to sign it into law.

A turning point on the way to the global recognition of the cryptocurrency was the beginning of trading the Bitcoin futures at the Chicago exchanges (CME) (the world’s largest stock exchange in terms of turnover) and CBOE in December of 2017. That is when the American government admitted openly that cryptocurrencies are now to be reckoned with. With the beginning of this trade, the powerful financial circles of the USA, whose opinion cannot be ignored by the political leadership, became interested in the development of the cryptocurrency market.

Chicago Mercantile Exchange, CME – the world leader in terms of trade volume

In 2018, the following paradox became obvious: even if over the longer term cryptocurrencies are dangerous for the modern political system (tied up in the central banks and the currency exchange regulation), the countries that will be the first to prohibit them will be most affected along with those countries that will simply overdo stirring up negative attitude. Those countries that will settle on legalization will benefit. The drain of brains and capitals will be directed to these countries from the more repressive or unpredictable countries. A typical example of that - Crypto Project GRAM of the Russian businessman Pavel Durov, whose ICO in 2018 reached a record amount, but it was carried out in USA, and not in the legislatively uncertain Russian Federation.

The experience of the countries that have legalized the cryptocurrencies, proved successful both from the financial standpoint, and from the perspective of the international prestige. They proved themselves to be open to the progress and new freedoms. In addition to Japan, Switzerland is especially noteworthy here, because it legalized cryptocurrencies as early as in 2016, but the most brilliantly announced about itself in 2018, when its banks began to introduce cryptocurrency services one after another. Among the innovator banks there was even a Swiss subsidiary of the Russian Savings Bank (Sberbank). The very expression “Swiss bank” became a synonym of not only high reliability, but also innovation.
A milestone event of 2018 was legalization of cryptocurrencies in Germany – the leading economy of the European Union. Rather liberal measures relative to the cryptocurrencies are being applied today in Czechia, Sweden, Canada, Denmark, Australia, Estonia, Norway, Finland, and a number of other countries.

“Legalization parade” has shown: the politicians with repressive attitudes cannot count on the global ban of the cryptocurrencies (which seemed theoretically possible in 2016-2017). Economically developed countries made an obvious choice: “if you cannot stop the process – become its leader”. And precisely in these countries the maximum capitals are being circulated, and the market situation depends precisely on their business activity.

Explosive Growth of the Retail Use of Cryptocurrencies
Despite obvious popularization of cryptocurrencies, there is still a myth that they are purely investment and speculative instrument, which, even if used as a payment method – only in the dark net, and as a means of payment for illegal commodities. But this is not the case today. As far back as 2013-2015, legal services accepting bitcoin emerged, and in 2016-2018 their market has undergone explosive growth.

The pioneers of the cryptocurrency market of goods and services in 2013, were, for example, Virgin Galactic – space tourism company, Victoria’s Secret lingerie company, Shopify - a supplier of software for the online stores. In 2014, the cryptocurrency was adopted by the Overstock online store, Expedia tourism service, Zynga – operator of the online games, the software monster Microsoft and many others. Some of these companies considerably went up due to the innovations: for example, the shares of Shopify and Overstock have increased in price several-fold since then.

As of today, the cryptocurrency is accepted by hundreds of large companies and thousands of small ones, while the range of their products is approaching the one in a traditional economy. The most popular categories of the goods for the cryptocurrency in the large famous companies are tourism and air tickets (Expedia), software and games (Microsoft, Shopify, Zynga, Steam), clothing and other consumer goods (Victoria’s Secret, Overstock.com, Rakuten), as well as food products (Subway, KFC, Burger King – in Russia). As an example, Playboy erotic products, premium accounts of the 4chan.org and reddit.com forums, Bloomberg.com business news, automobiles in the Czech show room Alza and many other goods can be also purchased for cryptocurrency.

A number of well-known companies, although they prefer traditional payments, nevertheless allow crypto payments through the intermediary services, such as gyft.com (trading with the card Gyft for BTC). For example, Ebay online store, Wallmart supermarket chain, Starbucks restaurants, Uber taxi service, etc. The turnover of gyft.com is evaluated in the amount of 25 million dollars with only 38 employees.
Small start-up companies often use ready-made multicurrency gateways such as coinpayments.net. It supports dozens of currencies, and hosts about 400 companies. In addition to mainstream, it contains a lot of specialized commodities. For example, crypto-armory.com sells cartridges, francvila.com – Swiss watches, directvoltage.com - 3D-printers, electric motors, CNC machines, etc. Some new stores not only accept cryptocurrencies, but also purposely give up fiat currency. For example, crypto-armory.com, explaining their refusal from fiat currency, state both ideological, and narrow pragmatic reasons. In the opinion of the owners of the store, it is easier to accept cryptocurrency payments both technically and legally.

Cartridges from the cryptocurrency store crypto-armory.com
An important trend of 2017-2018, in addition to the general growth of the commodity market - re-orientation of the stores to the multi-currency payments. Whereas previously most of them accepted only BTC, now a sign of good manners is to accept also LTC, ETH, XMR and at least several more currencies.

Thus, while the politicians were solving the problem in the manner “not possible to allow - disallow”, a vast market of commodities for cryptocurrency spontaneously emerged on the Internet. Some of its participants have multibillion capitalizations. This market is very international. The majority of commodities and services can be bought even from Russia and other countries, where cryptocurrency is not legal as an internal payment instrument, but is not prohibited as such. Today, it is hard to imagine a consumer good, which cannot be bought for cryptocurrency.

The Latest Trend – Support of Cryptocurrencies by Smartphones

The first smartphone with a cryptocurrency wallet was HYPERLINK "https://bitcryptonews.ru/blogs/sravnenie-blokchejn-smartfonov-exodus-1-i-finney"HTC Exodus 1, released in the autumn of 2018. Then, a crypto smartphone HYPERLINK emerged "https://bitcryptonews.ru/blogs/obzor-kriptosmartfona-finney"Finney. And in March of 2019, the baton was unexpectedly picked up by the smartphone from the major South Korean company, Samsung - Galaxy S10. And although Samsung refrained from the direct embedding of the cryptocurrency wallet into the standard supply set, a brand wallet of Samsung can be installed from the Galaxy Store.

Galaxy S10 – the first smartphone from Samsung with cryptocurrency support

On the part of crypto enthusiasts, there are a number of claims to Samsung initiative, among which – the lack of bitcoin support (BTC). At the moment, Samsung Blockchain Wallet supports only Ethereum (ETH) and ERC-20 standard currencies and tokens created on its basis:
Basic Attention Token (BAT), Chainlink (LINK), BinanceCoin (BNB), True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX) and others.

Anyway, from a political and PR perspective, the emergence of Galaxy S10 is a great event.

First of all, smartphone can attract to the cryptocurrency market new people who have greater confidence in the famous brand, than in the traditional bulky cryptocurrency wallets. Now, many people are frightened away from the cryptocurrencies only by technical difficulties, whereas smartphones on many occasions have proved their ability to promote to the masses those things, which previously seemed to be very complex.
Secondly, this step of Samsung is a clear signal both to the domestic and foreign governments: big business is on the side of the new technologies. South Korea has a reputation of a country not very friendly to cryptocurrencies, however, its business giant publicly demonstrated another attitude.
Thirdly, the initiative of Samsung with a high degree of probability will be emulated by other leading producers of communication devices. Thus, shortly after the release of Galaxy S10, there appeared a news that a cryptocurrency wallet will soon be available in iOS Opera Touch, which means that cryptocurrencies can be also stored in iPhone of Apple.
All this creates excellent prerequisites both for the world legalization of the cryptocurrencies, and for the growth of the market due to the increase of the number of users.

Conclusion
Thus, despite the “roller coaster” of the cryptocurrency exchange rates, some fundamental processes have developed steadily in the same direction in the recent years: expansion of the commodity market for cryptocurrency, increase in the number of countries with a liberal attitude to cryptocurrencies, adoption of cryptocurrencies as a strategic technology by more and more industrial giants. The total number of individuals who tried to work with the cryptocurrencies grows steadily, while the new technological trends (in particular, crypto smartphones), can additionally accelerate this growth.

The only thing that can seriously damage a cryptocurrency market is its global ban, but it seems to be unlikely. Right now there are about 40 million bitcoin wallets on earth. It is believed that on average their number is doubled annually, which means that within 5 years it can reach a billion. And if now a global ban on cryptocurrencies is unrealistic due to their profitability for the developed countries, by that time their prohibition will become impossible almost physically.

In the first part of the story we had put forward the arguments as to why the investors need not fear the bubble of 2017-2018: in the end, the bubble showed not so much the riskiness of the crypto investments, but rather their long-term prospects. Today we described political and economic events, which have occurred in parallel “behind the scenes”, and in which there were no “drops” – only progressive development toward the construction of the crypto economy. And in the next, third part, we will try to describe in detail specific financial reasons of the collapse and recovery of the market in 2018-2019.

Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:http://trident-germes.com/
https://www.facebook.com/Germes.mining.robot/
submitted by TridentGermes to u/TridentGermes [link] [comments]

Cryptocurrency: Is It Still Alive or Dying? Part 2

Cryptocurrency: Is It Still Alive or Dying? Part 2
Cryptocurrency: Is It Still Alive or Dying?
Part 2. Political and Economic Trends in Favor of the Cryptocurrency Market Development

In the first part of the story we showed that the cryptocurrency market crash in 2018 and the beginning of its recovery in 2019 fit well into the general patterns of the financial bubbles’ development, and also repeat pretty well the Bitcoin dynamics of 2014-2016. But besides the analogies with other bubbles, there are a lot of other arguments in favor of the global growth of the market, among which are the political and economic trends of the recent years.

Relaxation of the Political Climate around the Cryptoassets

The entire year of 2017 has witnessed heated discussions as to the legal status of the digital assets. One of the central events of the year was their legalization in Japan in April. Precisely this legalization, according to many, spurred a dramatic growth of the cryptocurrency market in May (especially, altcoins). But the majority of other countries during this period held more skeptical positions.

The U.S. government on several occasions refused to register bitcoin-ETF - exchange-traded funds, the price of shares in which would repeat the price of BTC. The U.S. government also extremely tightened the conditions of the ICO procedure, while some countries, such as China and South Korea - have banned it completely. Certain countries, such as Indonesia and Salvador, have banned cryptocurrencies to the extent of criminal responsibility.

A number of countries, including Russia, have adopted a cautious wait-and-see attitude, regularly promising to impose restrictions of varying severity, but not hurrying to sign it into law.

A turning point on the way to the global recognition of the cryptocurrency was the beginning of trading the Bitcoin futures at the Chicago exchanges (CME) (the world’s largest stock exchange in terms of turnover) and CBOE in December of 2017. That is when the American government admitted openly that cryptocurrencies are now to be reckoned with. With the beginning of this trade, the powerful financial circles of the USA, whose opinion cannot be ignored by the political leadership, became interested in the development of the cryptocurrency market.
Chicago Mercantile Exchange, CME – the world leader in terms of trade volume

In 2018, the following paradox became obvious: even if over the longer term cryptocurrencies are dangerous for the modern political system (tied up in the central banks and the currency exchange regulation), the countries that will be the first to prohibit them will be most affected along with those countries that will simply overdo stirring up negative attitude. Those countries that will settle on legalization will benefit. The drain of brains and capitals will be directed to these countries from the more repressive or unpredictable countries. A typical example of that - Crypto Project GRAM of the Russian businessman Pavel Durov, whose ICO in 2018 reached a record amount, but it was carried out in USA, and not in the legislatively uncertain Russian Federation.

The experience of the countries that have legalized the cryptocurrencies, proved successful both from the financial standpoint, and from the perspective of the international prestige. They proved themselves to be open to the progress and new freedoms. In addition to Japan, Switzerland is especially noteworthy here, because it legalized cryptocurrencies as early as in 2016, but the most brilliantly announced about itself in 2018, when its banks began to introduce cryptocurrency services one after another. Among the innovator banks there was even a Swiss subsidiary of the Russian Savings Bank (Sberbank). The very expression “Swiss bank” became a synonym of not only high reliability, but also innovation.

A milestone event of 2018 was legalization of cryptocurrencies in Germany – the leading economy of the European Union. Rather liberal measures relative to the cryptocurrencies are being applied today in Czechia, Sweden, Canada, Denmark, Australia, Estonia, Norway, Finland, and a number of other countries.

“Legalization parade” has shown: the politicians with repressive attitudes cannot count on the global ban of the cryptocurrencies (which seemed theoretically possible in 2016-2017). Economically developed countries made an obvious choice: “if you cannot stop the process – become its leader”. And precisely in these countries the maximum capitals are being circulated, and the market situation depends precisely on their business activity.

Explosive Growth of the Retail Use of Cryptocurrencies

Despite obvious popularization of cryptocurrencies, there is still a myth that they are purely investment and speculative instrument, which, even if used as a payment method – only in the dark net, and as a means of payment for illegal commodities. But this is not the case today. As far back as 2013-2015, legal services accepting bitcoin emerged, and in 2016-2018 their market has undergone explosive growth.

The pioneers of the cryptocurrency market of goods and services in 2013, were, for example, Virgin Galactic – space tourism company, Victoria’s Secret lingerie company, Shopify - a supplier of software for the online stores. In 2014, the cryptocurrency was adopted by the Overstock online store, Expedia tourism service, Zynga – operator of the online games, the software monster Microsoft and many others. Some of these companies considerably went up due to the innovations: for example, the shares of Shopify and Overstock have increased in price several-fold since then.

As of today, the cryptocurrency is accepted by hundreds of large companies and thousands of small ones, while the range of their products is approaching the one in a traditional economy. The most popular categories of the goods for the cryptocurrency in the large famous companies are tourism and air tickets (Expedia), software and games (Microsoft, Shopify, Zynga, Steam), clothing and other consumer goods (Victoria’s Secret, Overstock.com, Rakuten), as well as food products (Subway, KFC, Burger King – in Russia). As an example, Playboy erotic products, premium accounts of the 4chan.org and reddit.com forums, Bloomberg.com business news, automobiles in the Czech show room Alza and many other goods can be also purchased for cryptocurrency.

A number of well-known companies, although they prefer traditional payments, nevertheless allow crypto payments through the intermediary services, such as gyft.com (trading with the card Gyft for BTC). For example, Ebay online store, Wallmart supermarket chain, Starbucks restaurants, Uber taxi service, etc. The turnover of gyft.com is evaluated in the amount of 25 million dollars with only 38 employees.
Small start-up companies often use ready-made multicurrency gateways such as coinpayments.net. It supports dozens of currencies, and hosts about 400 companies. In addition to mainstream, it contains a lot of specialized commodities. For example, crypto-armory.com sells cartridges, francvila.com – Swiss watches, directvoltage.com - 3D-printers, electric motors, CNC machines, etc. Some new stores not only accept cryptocurrencies, but also purposely give up fiat currency. For example, crypto-armory.com, explaining their refusal from fiat currency, state both ideological, and narrow pragmatic reasons. In the opinion of the owners of the store, it is easier to accept cryptocurrency payments both technically and legally.

Cartridges from the cryptocurrency store crypto-armory.com
An important trend of 2017-2018, in addition to the general growth of the commodity market - re-orientation of the stores to the multi-currency payments. Whereas previously most of them accepted only BTC, now a sign of good manners is to accept also LTC, ETH, XMR and at least several more currencies.

Thus, while the politicians were solving the problem in the manner “not possible to allow - disallow”, a vast market of commodities for cryptocurrency spontaneously emerged on the Internet. Some of its participants have multibillion capitalizations. This market is very international. The majority of commodities and services can be bought even from Russia and other countries, where cryptocurrency is not legal as an internal payment instrument, but is not prohibited as such. Today, it is hard to imagine a consumer good, which cannot be bought for cryptocurrency.

The Latest Trend – Support of Cryptocurrencies by Smartphones

The first smartphone with a cryptocurrency wallet was HYPERLINK "https://bitcryptonews.ru/blogs/sravnenie-blokchejn-smartfonov-exodus-1-i-finney"HTC Exodus 1, released in the autumn of 2018. Then, a crypto smartphone HYPERLINK emerged "https://bitcryptonews.ru/blogs/obzor-kriptosmartfona-finney"Finney. And in March of 2019, the baton was unexpectedly picked up by the smartphone from the major South Korean company, Samsung - Galaxy S10. And although Samsung refrained from the direct embedding of the cryptocurrency wallet into the standard supply set, a brand wallet of Samsung can be installed from the Galaxy Store.

https://preview.redd.it/p8zc6dat0ay21.jpg?width=1280&format=pjpg&auto=webp&s=d7f173f7470107c2f4cc5868ed882089499b2a09
Galaxy S10 – the first smartphone from Samsung with cryptocurrency support
On the part of crypto enthusiasts, there are a number of claims to Samsung initiative, among which – the lack of bitcoin support (BTC). At the moment, Samsung Blockchain Wallet supports only Ethereum (ETH) and ERC-20 standard currencies and tokens created on its basis:
Basic Attention Token (BAT), Chainlink (LINK), BinanceCoin (BNB), True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX) and others.

Anyway, from a political and PR perspective, the emergence of Galaxy S10 is a great event.

First of all, smartphone can attract to the cryptocurrency market new people who have greater confidence in the famous brand, than in the traditional bulky cryptocurrency wallets. Now, many people are frightened away from the cryptocurrencies only by technical difficulties, whereas smartphones on many occasions have proved their ability to promote to the masses those things, which previously seemed to be very complex.

Secondly, this step of Samsung is a clear signal both to the domestic and foreign governments: big business is on the side of the new technologies. South Korea has a reputation of a country not very friendly to cryptocurrencies, however, its business giant publicly demonstrated another attitude.

Thirdly, the initiative of Samsung with a high degree of probability will be emulated by other leading producers of communication devices. Thus, shortly after the release of Galaxy S10, there appeared a news that a cryptocurrency wallet will soon be available in iOS Opera Touch, which means that cryptocurrencies can be also stored in iPhone of Apple.

All this creates excellent prerequisites both for the world legalization of the cryptocurrencies, and for the growth of the market due to the increase of the number of users.

Conclusion

Thus, despite the “roller coaster” of the cryptocurrency exchange rates, some fundamental processes have developed steadily in the same direction in the recent years: expansion of the commodity market for cryptocurrency, increase in the number of countries with a liberal attitude to cryptocurrencies, adoption of cryptocurrencies as a strategic technology by more and more industrial giants. The total number of individuals who tried to work with the cryptocurrencies grows steadily, while the new technological trends (in particular, crypto smartphones), can additionally accelerate this growth.

The only thing that can seriously damage a cryptocurrency market is its global ban, but it seems to be unlikely. Right now there are about 40 million bitcoin wallets on earth. It is believed that on average their number is doubled annually, which means that within 5 years it can reach a billion. And if now a global ban on cryptocurrencies is unrealistic due to their profitability for the developed countries, by that time their prohibition will become impossible almost physically.

In the first part of the story we had put forward the arguments as to why the investors need not fear the bubble of 2017-2018: in the end, the bubble showed not so much the riskiness of the crypto investments, but rather their long-term prospects. Today we described political and economic events, which have occurred in parallel “behind the scenes”, and in which there were no “drops” – only progressive development toward the construction of the crypto economy. And in the next, third part, we will try to describe in detail specific financial reasons of the collapse and recovery of the market in 2018-2019.

Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:http://trident-germes.com/
https://www.facebook.com/Germes.mining.robot/
submitted by TridentGermes to ENG [link] [comments]

Why I Think Wanchain Is An Incredible Long-term Investment

DISCLAIMER: I am in no way associated with the Wanchain team. Neither am I a financial advisor, nor is this meant to be financial advice. Whatever follows, just reflects my understanding of the project, and my personal opinion on its future outlook.
The objective of this post is to lay out, in simple terms, what Wanchain is, and why I think Wanchain’s native coin, Wancoin, could be one of the best cryptocurrencies to hold, not just through the coming months, but years.
So, let’s dive into it!
WHAT IS WANCHAIN?
Wanchain’s vision is rebuilding financial services. Wanchain is a global financial platform that connects, and exchanges value between different blockchains. Simply put, Wanchain is a ‘decentralized’ version of traditional banks in the current and future financial landscape.
WHY DO WE NEED WANCHAIN?
We are living in times of a major digital transformation, a time where digital assets are entering the financial ecosystem at an unprecedented rate. As the adoption of digital assets is increasing, we are witnessing an appreciation in the value of these assets. This necessitates the existence of a ‘digital bridge’ to transfer value, in the form of digital currencies and/or assets, between different blockchains.
HOW IS WANCHAIN ACHIEVING THIS?
Wanchain’s distributed ledger allows:
WHY I THINK WANCHAIN COULD BE ONE OF THE BEST LONG-TERM HOLDS IN THE COMING YEARS?
To put it in a few words, Wanchain is a very ambitious and potentially disruptive project, aiming to become a super financial market of the world. The project has some of the brightest minds in the business working behind it. Wanchain is solving a real world problem and has an immensely vital use case. I have complete confidence that Wanchain could easily be one of the top 15 cryptocurrencies by market cap by the end of 2018, and it would continue to grow even beyond that. Therefore, I believe holding Wancoins would be a great long-term investment.
Full disclosure: I am invested in Wanchain for the long-term, and I plan to buy more when Wancoin trading goes live.
Hackernoon blog post: https://hackernoon.com/why-i-think-wanchain-is-an-incredible-long-term-investment-86b9d0d6eb6c
submitted by nabeelmalik to wanchain [link] [comments]

Still Early Days Boys -- News Article on Overstock.com/Bitcoin Shows How Skeptical People Are

Yahoo!Finance published an article on how Overstock was the first major retailer to accept Bitcoin and other crypto currencies as a form of payment.
Below are the top comments from users. The quotes show how the public is still extremely skeptical about crypto currencies and don't appreciate how blockchain tech brings to the table. Still early days boys so load up!
https://finance.yahoo.com/news/overstock-deals-bitcoins-wild-price-swings-145542616.html
Steve: Bitcoin is only worth what someone else is willing to pay. Intrinsic value =$0.00. Bitcoins are this decade's Beanie Babies.
WiseGuy: Bitcoin and other so-called "crypto" currencies are good for money launderers, tax evaders, criminal cartels etc. Enjoy your stash until the whole thing explodes.
oliver: What is a Bitcoin investor ? Bitcoin is pure Speculation and is used widely to transfer money out where are restrictions see China, Russia, Venezuela, India where 80% are traded. The rest are speculants, not investors, who hopped on this train. No serious investor sees Bitcoin as an investment.
MJS: Bad Idea. Like saying i'll accept tulips for payment.
UBanIdiot: Bitcoin is a fraud underpinned by fairy dust and greedy dreams. Someday all will know it as -itcoin, preceded by Sh-.
GaryD: Currencies were invented as way for man to trade goods using a predictable measure of value. If you don't know what your currency will be worth in terms of goods and services from day to day, that currency is useless and will collapse. Bitcoin will collapse, it's just a question of when.
JC: Caribbean currencies of third world dictatorships don't fluctuate as wildly as bitcoin. Its why it will never be mainstream or widely accepted as a primary financial tool except for speculators in America.
submitted by slingfox to CryptoMarkets [link] [comments]

Crypto Market Developments That Will Shape 2019

Crypto Market Developments That Will Shape 2019

https://preview.redd.it/cjx2a1jxe1921.png?width=1120&format=png&auto=webp&s=8db8263317bc1f28e3d8f82d9760dea619c1e6f5
It is hard to believe, but it has been an entire decade since Bitcoin was created and launched into circulation. While many think that Bitcoin, like crypto market itself, is nothing more than a bubble, the truth is that this technology is still very much alive. Not only that, but it keeps growing and developing, with new altcoins appearing all the time. A lot still has to be done for the industry to reach its full potential but the market has grown and matured a considerably since Satoshi’s initial endeavour, and there are the reasons to celebrate.
Later in 2018, it became clear that the European Union started to take the lead in crypto market. London Stock Exchange along with other companies decided to participate in the development of exchanges that support security tokens. As a result DX.Exchange is set to become the first regulated tokenized securities exchange. Powered by the NASDAQ exchange protocol this platform will offer several existing securities listed on the NASDAQ, NYSE, Hong Kong Exchange and Tokyo Stock Exchange in a tokenized format.
Intercontinental Exchange, the operator of the New York Stock Exchange is planning to launch Bakkt, a federally regulated market which will enable institutions and consumers to buy, store and sell crypto assets. Bakkt recently raised $182.5 million from Microsoft, the Boston Capital Group, and other 10 partners and investors, and aims to bring high levels of trust and transparency to the market.
Online retail giant Overstock has announced plans to pay a portion of its annual taxes in Ohio using Bitcoin. Ohio became the first state in US to allow taxes to be paid in Bitcoin, and Overstock became the first major company to take advantage of Ohio’s openness to cryptocurrency.
ConsenSys has partnered with computer chip maker AMD and Abu Dhabi-based investment firm Halo Holdings to develop a new cloud computing infrastructure based on blockchain technology. AMD chips have been popular in running blockchain networks, in particular by retail customers looking to mine cryptocurrencies.
The China Banking Association, the country’s self-regulatory body for the banking sector, is launching a new blockchain-based platform for trade finance. Over 10 major banks in the region have signed up for the platform, including HSBC (China), Bank of China, China Merchants Bank, China Postal Savings Bank, among others.
21 cryptocurrency exchanges have joined the Japan Virtual Currency Exchange Association, a self-regulatory organization that oversees the crypto sector, aiming to create industry-wide investor safety standards.
Currently, Ethereum is the market’s best performing altcoin, as it is trading up over 15% at its current price of $162. Ethereum’s bullish performance over the past several weeks is the result of its upcoming Constantinople upgrade scheduled to occur around January 16th, which will make Ether more efficient.
A top executive in the PricewaterhouseCoopers (PWC) crypto division predicts that more institutional players will announce cryptocurrency projects in 2019.

Lucre Algorithmic Trading Platform for Cryptocurrencies

LUCRE is an exclusive automated trading system for Cryptocurrencies, created to outperform the strategy of just holding Cryptocurrencies. It is developed by a team with 8 years of algorithmic trading experience. Holding a Cryptocurrency hasn’t been the best way to increase your wealth lately. LUCRE algorithm was build on a philosophy - Don’t HODL; Trade! allowing trading both ways long and short. The great appeal of this project is the ability to generate revenues in all market conditions, buying and selling at every perceived opportunity. Even when the market is going south the algorithm attempts to make profit by shorting it. Lucre Trading Algo will be running on a Metatrader trading platform. Token sale participants will get an LCR token which will track the performance of the Algo. The price will be updated regularly to accurately reflect the value of the underlying Crypto assets being traded by the Algo. A participant can trade on the exchanges which will list the LCR token. LCR token will only be sold during the pre sale and Token sale main event. No further tokens will be minted post Token

More: https://www.lucretoken.com

#Crypto #ICO #LUCRE #LCR #bitcoin #cryptocurrency #btc #tradingcrypto #tokensale
submitted by achmad78 to BountyICO [link] [comments]

Cryptocurrency Weekly Recap

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

What's Holding Bitcoin Back

I've previously posted some of my writings here and garnered a positive response. Since then I've abandoned steemit and created a dedicated website dubbed graspbitcoin.tech that ventures to explain how bitcoin will change the world. Included below is the full text of the 3rd article in this series, but there are already a number of other post on my site that go further. This information is geared towards the general public and may seem largely like review to this community.

What’s Holding Bitcoin Back

Money should be a good store of value, medium of exchange, and unit of account. There are a lot of barriers preventing bitcoin’s widespread use by the aforementioned criteria, let’s take a look and see how they might be solved.

Lack of Understanding

Bitcoin is complicated and unfamiliar. This is a huge barrier to entry because people distrust what they don’t understand, and ease-of-use and simplicity is what usually sells a new technology. If you have read this series from the beginning though, you may now see some potential upsides to such a drastically different system than what we are used to. Many resisted smartphones for a time (and a few still do). The benefits have to outweigh the costs of adoption, so we may see niche cases being the early adopters (like citizens of Venezuela or remittances payments). Also, when a new complicated technology rolls around, it sometimes takes a generation before it becomes widespread; young people are particularly adept at adopting new tech.

Volatility

The tendency of bitcoin’s price to change rapidly or unpredictably is what comprises volatility.
When you search for bitcoin you may find that most of the results you get (and the discussions happening on forums) are about it’s price. This is understandable, it has seen some crazy moves both up and down over the years facilitating the potential for huge gains (and huge losses). Still, over time the price certainly is increasing. Unless you bought in a single 2 month period in 2013, holding bitcoin for longer than 2 years at any point in its history would land you in a better position than when you started. And, when viewed on a logarithmic scale (used in long-term stock charts), the trend is quite clear:
(Bitcoin Price 2012-2018, Logarithmic Scale (bitcoincharts.com))
There is a risk/reward to adopting new tech, and this is no exception. But, my goal is absolutely not to “sell” it to you as an investment by any means.

This is not financial advice. We’re simply looking at the pros and cons of this space, and I encourage everyone to do their own research and come to their own conclusions. Never invest anything you aren’t prepared to lose.

This meteoric rising (and crashing) of the “price” (which, I’ll point out, might just as well be considered an exchange rate) understandably makes it pretty difficult to use bitcoin as a currency. If it moves a few percent in a day, and can move a few hundred percent in a month, purchasing a car or a house could cost you significantly more by the time your finished closing. That’s just not viable, and certainly not a good unit of account.
However, I see the volatility in price simply as growing pains. It is the market that dictates the price of bitcoin, quite literally, it’s traded like a stock. This is referred to as speculation (“the purchase of an asset with the hope that it will become more valuable at a future date”). Speculation happens between national currencies already, but they are generally stable in comparison so it’s not lucrative. People are unsure of how this whole bitcoin thing is going to play out. It’s not like anything we’ve ever seen, it’s difficult to understand (and use), and it’s not accepted at every corner store or online business. Many in the space are just here for a quick buck, and they sell it when the price rises to get back “real” money we are used to, that is “stable” in price against other currencies, and can predictably buy goods and services.
The way I see it, all of these will concerns diminish in time.
Though Amazon or Target don’t yet accept bitcoin, Microsoft and Overstock.com do. Some cities and towns across the world are embracing it a lot more than others. It’s not surprising to see San Francisco accommodating the new technology. But, other cities like Portsmouth in New Hampshire with numerous cafes and shops accepting bitcoin (and “Dash coin”) might surprise you. There are maps available to see where crypto-currencies are accepted at locations near you, and the amount of them are increasing, albeit slowly. It’s a bit of a chicken-and-egg situation, but that hasn’t stopped revolutions from happening before.
Consider when cars first came about, roads were dirt and mud which cars didn’t do well with. It took building massive infrastructure before cars could ever become mass-adopted, but we spent the time, money, and effort because we saw the potential advantages. It will be trivial for businesses to accept bitcoin compared with pouring hundreds of millions of dollars in asphalt to connect our world. Other parallels include train tracks, phone lines, electricity lines, communication satellites, etc. Each of these replaced or iterated on previous functional technologies, and required massive upfront costs before the benefits were available. It’s clear now that we made some good choices there but there were doubts at the time.
Despite some pretty major setbacks, bitcoin’s trend is up. Interest is growing and more businesses and individuals are actually using it. But due to the trading mentality, the uncertainty with regulations, uncertainty in the technology itself, uncertainty that the price will not drop, and other factors, emotion and greed encourages people to sell in flocks if the price climbs high enough.
Furthermore, right now with a large enough stack of money one can influence this market in drastic ways, and cries of manipulation of the price are not unfounded. So-called “whales” can buy and sell huge amounts of coins and the price can jump a bit each time. Coupled with uncertainty in the space, and so many “investors” trying to time the markets, we end up with a pretty volatile landscape where the price is not stable. My argument is that this is diminishing as it gains in popularity, and it is gaining value because its utility is growing (see the network effect”) and the utility itself is slowly becoming more apparent.

Volatility is actually decreasing.

Bitcoin Volatility Over Time(bitvol.info)
In the period from 2011 to 2014 bitcoin’s volatility often spikes into the 15% range. But from 2014 to the present, volatility has only just spiked above 7% twice, spending most of it’s time below 5%. Even the large boom and bust in price at the end of 2018 seems tame compared to the early years.
The trends show the price going up over time, and volatility going down. The more actual use the coin has (people saving and buying with bitcoin), the percentage of people entering the space to use it the way it was intended increases, the percentage of “stock traders” declines. And as more capital enters the space, the less influence whales have (because the current against which they swim is getting stronger). And as the price stabilizes, traders will become less interested.
There is a critical point where this becomes a negative feedback loop. I could be wrong, but the idea is at least founded in reality, and it would solve the unit of account issue if the price could stabilize to within a few percent per year.
Similarly, as a store of value, bitcoin becomes more viable in this scenario. This is coupled with the fact that although bitcoin is somewhat inflationary now as the supply is increasing (bitcoins are “discovered” as rewards for mined blocks), the amount of discovered coins are cut in half every few years. This “halving” is logarithmic, meaning eventually the amount of coins discovered is infinitesimally small, and total supply will asymptotically approach 21 million coins (the maximum supply that we will ever see).
This model of supply is actually meant to mimic gold because it’s a well-known store of value and monetary device throughout history (though it is not easily divisible, and not as portable as bitcoin). In both bitcoin and gold, mining is more fruitful in the beginning, and as we extract the low-hanging-fruit, mining requires greater effort and yields less return.
World population is increasing which leads to bitcoin becoming deflationary in the future if demand continues (the supply won’t increase beyond 21 million). And, I argue that it will become more valuable in time due to the network effect as bitcoin use becomes more widespread (the value of being able to exchange with more people anywhere, any time, and without permission from anyone).
This is a positive feedback loop, and shows how bitcoin is deflationary long-term. While deflation is generally considered negative by economists, the main reason is based around debt which isn’t possible in the same way with bitcoin because bitcoins cannot be created out of thin air like fiat currency.
The discussion of deflation vs inflation is an important one, and bitcoin’s monetary policy is an outlier compared with national currencies which are typically inflationary. The US dollar for example averaged 3% inflation since the year 1900. That means that over the last 100 years, a dollar has lost over 95% of its purchasing power. You could buy 95% more stuff with $1,000 last century, or, saving $1,000 from 100 years ago would buy you 95% less stuff at present. Put another way, purchasing power is cut in half after about 25 years, a concern for anyone retiring for over 20 years with a fixed retirement sum.
Some other national currencies have higher inflation rates, and there are numerous cases of inflationary spirals over the years. A few examples include Germany 1923, Hungary 1945, China 1947, Vietnam 1988, Peru 1990, Yugoslavia 1992, Zimbabwe 2008, and right now in Venezuela 2018. Entire countries of people have lost essentially all of their money, and it keeps happening over and over. A wise man would tell you it’s dangerous to say “it could never happen here”.
*UPDATE: Turkey is also now in financial crisis. This is our money with which we hold and exchange value, our earnings, our savings, our livelihoods. Maybe it’s time we had, at least, another option outside of government control. An option that governments can’t destroy through mismanagement. A neutral option that ignores all borders, is open to everyone, and can be accessed anytime from anywhere.

The Fear of “Hacks”

It’s a very real threat to have all your money stolen, if your bank was robbed you are protected by FDIC (in most cases only up to $100,000). The vast majority of coins that have been stolen have come from hackers attacking “exchanges” and getting away with millions. These exchanges are websites where you can trade bitcoin for other crypto-currencies (or “alt-coins”). You can also buy and sell bitcoin on them, and subsequently people end up storing a lot of coins on these exchanges, and the exchanges hold the “private keys” so they can execute trades.
Cryptographic private keys are analogous to a key that opens a door, or, a key that locks a message in a box before it is sent to the recipient. In our case the door opened allows you to sign your message and spend coins, and the message is your transaction on the bitcoin network. Anyone with your private keys can spend your coins. Exchanges are a honey pot of thousands of private keys that represent a lot of money. If a hacker can break into the exchange and steal the keys all at once, their work will pay off.
This is why any crypto guru will advise you not to store large amounts of coins on exchanges, and rather transfer them in your own wallets where you hold the private keys. The mantra is “your keys, your money; not your keys, NOT YOUR MONEY!” Of course your own computer can be hacked, but you are not as big a target as an exchange which may hold vast sums of money. There are also some pretty safe ways to store your coins if done right.
Centralized exchanges are a necessary evil for many people because they facilitate acquiring and trading coins easily. But decentralized exchanges are becoming more common because they allow you to trade while keeping your coins in your control at all times. They need some work and more users, but it’s a promising solution to this problem. Summarizing the above, the big hacks you read about are virtually eliminated if your keys are in your control and you keep them safe.

Fees

Transaction fees are generally negligible in a bitcoin transaction, but in many ways “fees” are holding us back. Interestingly, this is a symptom of being in the very early days.
Firstly, there is a lot of work on “scaling” crypto-currencies (making fees even lower than they already are and increasing transaction speeds). This is just an engineering problem, and many people are working on solving it in many different ways. Other currencies like NANO or IOTA have different underlying tech and have zero fees and instantaneous transactions.
In fact, most fees people encounter aren’t fees from bitcoin transactions; instead, they get hit with fees when exchanging between national currencies and bitcoins. In order to electronically trade USD($), EUR(€), or YEN(¥) with bitcoin, we need to hook into the closed-off for-profit banking network and we need third-parties to do so (and they take their cut).
But even these fees could be avoided in time. For example, you can buy bitcoins with cash directly from a person (localbitoins.com). And, it might seem distant, but in the future you may end up receiving bitcoins as your salary, from a friend, or from accepting them in your place of business. Likewise you can spend your bitcoins directly to other bitcoin users. Getting coins directly eliminates all the exchanging and associated fees because once your money is on the bitcoin network, fees will be negligible (especially as these networks evolve).

Usability

Right now it’s easier than ever to acquire some bitcoin. People can download “Coinbase” or “Square App” on their smartphone and purchase some using a credit card in a few minutes. Depending on which service you use and how much you want to buy, you may need to send a picture of your license for KYC regulations. However, as I mentioned above, there are risks to storing all your coins on exchanges, especially with large amounts. I always recommend transferring them to a wallet where you control the private keys.
But using wallets and storing private keys (and “seeds”) securely, is not as straightforward as we would like. This is a major factor holding back adoption, because if it’s not easy to use, people will consider it too much effort.
The next post in this series digs into wallets and storing your coins.
submitted by mrcoolbp to CryptoTechnology [link] [comments]

Multi-Billion Dollar Crypto Firm: Bitcoin Finding Use as Hedge for Global Crisis

Multi-Billion Dollar Crypto Firm: Bitcoin Finding Use as Hedge for Global Crisis
https://preview.redd.it/yy7tkj643v431.png?width=1024&format=png&auto=webp&s=99a4b76c25893e2091241bcdcd42060f83ec48a4
Throughout its short history, Bitcoin (BTC) has been seen as anything but centralized, sovereign, and censorable. The crypto asset was created by a pseudonymous individual, is secured by a global group of miners, and is backed by no government, traditional finance system, or common entity.
And as a result, many have looked to Bitcoin and its brethren — other digital assets — as a much-needed escape hatch from fiat and government overreach. Indeed, BTC was released in the wake (and seemingly as a result) of the 2008 Great Depression, and many that have since flocked to the cryptocurrency are staunch anti-establishment proponents.
Related Reading: Bitcoin (BTC) Soars Past $9,300 in Massive Weekend Pump: Bulls on Parade
Some, however, have denied this key narrative. Cynics of the theory remark that BTC is too nascent to be used as a proper store of value, citing the periods of volatility, especially the downturns, as a perfect case in point. Regardless, a massive cryptocurrency firm recently laid out why these naysayers may be wrong in their postulation.

Bitcoin as a Macroeconomic Hedge

Grayscale’s industry-famous research department recently released a report titled “Hedging Global Liquidity Risk with Bitcoin”. In it, the firm explained how the leading cryptocurrency is becoming used as a hedge in financial crises and periods of geopolitical turmoil.

ore specifically, the crypto investment firm looked into how the asset can be used during bouts in which there is high “liquidity risk”, the “risk of a real decline in wealth resulting from an imbalance in the amount of money and credit relative to debt in a given economy.”
To back this point, Grayscale looks to three primary facets of Bitcoin’s existence: store of value, spending viability, and growth possibility.
Firstly, as the company has characteristics, BTC can act (and has acted) better as a store of value than gold. Unlike the metal, the crypto is mathematically scarce, capped at 21 million units; BTC is decentralized and verifiable through the Internet; BTC is portable and divisible through digital technologies, and is unconfiscatable.
Gold, on the other hand, has an unlimited supply, centralization risks, an inability to be easily divided and moved around, and concerns around its purity. The chart below from Grayscale sums this argument up fairly well.
https://preview.redd.it/s950j61b3v431.jpg?width=812&format=pjpg&auto=webp&s=ab54175c3cbe866a37820b117f7e7dc8b90750e1
Secondly, Grayscale purports that due to having similar properties to physical cash, Bitcoin will retain a solid value proposition amid a liquidity crisis. They look to recent adoption by Whole Foods, AT&T, Overstock.com, Microsoft, Expedia, PayPal, and Dell to corroborate their claim.
Thirdly, they remark that the potential that blockchain technologies have to grow and create value will only stimulate demand further, which should mitigate most, if not all negative effects of any downturn in global markets.
So, are these characteristics helping Bitcoin hold true in the current geopolitical stage? Well, yes, and it already has been for a while.
Grayscale looks to the fact that during Grexit (Greece’s debt-fueled financial crisis in 2015), China’s market collapse in 2015 and 2016, Brexit, a short period of growth worries for the U.S., and the recent trade war debacle, Bitcoin has done rather well for itself.
In fact, some have argued that the recent political tussle between China and the U.S. is what has contributed greatly to the recent rally in the Bitcoin price, with some arguing that Chinese traders and others in Asia have fled to Bitcoin from traditional stocks to deter most downside risk. They write:
“While it is still very early in Bitcoin’s life cycle as an investable asset, we have identified evidence supporting the notion that it can serve as a hedge in a global liquidity crisis, particularly those that result in subsequent currency devaluations.”
Indeed, this strength is why many love Bitcoin. In fact, Delphi Digital, a New York-based crypto research group, recently pointed out that BTC is absolutely lapping every other asset class, even the more risky, high-return blue chips and the venture-backed Silicon Valley darlings that have begun to trade on public markets.
At the time of their analysis (end of May), Bitcoin was up over 120% year to date, while crude oil and the Nasdaq 100 index were up a mere 18% and 13%, respectively. It’s an even scarier sight for tried and true assets, like gold, foreign currencies, and government bonds, which are up less than 5% so far. This led the firm to the conclusion that BTC could be the “King of the Asset Class Hill”.
submitted by Rajladumor1 to omgfin [link] [comments]

FUD From All Sides: In Defense of CME's Bitcoin Futures Plan

https://www.coindesk.com/fud-sides-defense-cmes-bitcoin-futures-plan/
William Mallers, Jr. started First American Discount Corporation with his father in 1984, eventually building it into the third-largest discount futures brokerage. He sold it in 2001 to Man Financial and then retired.
In this opinion piece, Mallers argues CME Group's plan to offer bitcoin futures will benefit the futures trading industry and the bitcoin community alike – notwithstanding hand-wringing in both worlds about the idea.
I'm a member of the Chicago Mercantile Exchange. I've also been a bitcoiner since 2013. So, when CME Group announced its intention to launch bitcoin futures in the coming weeks, I thought, "Great! Way to go, CME."
The first exchange to offer a futures contract on bitcoin is good news for my CME friends: more trading volume and and speculative opportunities. And it's also good for my bitcoin friends: the legitimacy and access is sure to help with adoption and higher bitcoin prices. Win-win! Right?
Well, that wasn't quite the response I got.
Instead I heard just about every negative stereotype about both futures trading and bitcoin, from both communities. Let's try to put these misperceptions to rest.
'Tulips' in 5,4,3...
First, there’s this from the futures industry’s most widely read blog, John Lothian News:
"The risk of bitcoin is in its history and the cloud surrounding its creation and early fraudulent days. Who is Satoshi? Where is he today? What happened at Mt. Gox? Is it still used to launder money? Why won't China let people trade bitcoin and what does this have to do with money laundering or capital controls?"
Good Lord. If you've been in enough arguments with bitcoin skeptics you know what's coming after the drug-dealing, money-laundering slam, right? Next up: the tulip-bulb analogy.
Sure enough, Lothian says, "I don’t want to be on the wrong side of history. But the history I am looking at is … 1636-37. That was the peak of tulipmania."
And that, my friends, is why I spent my first two years in bitcoin not sharing my passion with any non-bitcoiners. "Bitcoin? Never heard of it."
But because I have benefited from all the hard work that others have done to advance this project – hosting meetups, dispelling misinformation – and all I've done is log into my account and click "Buy," I thought I'd try to do my part.
A margin clerk's dream
Here's what I wrote to Lothian (a former employee at the futures brokerage I ran), and maybe it will help you with your bitcoin futures doubters:
"Hey John, it's Junior from your old FADC [First American Discount Corporation] days and I’ll be glad to help you understand bitcoin.
"But first – recall how you used to try to collect margin money by first asking the customer to provide a contact at his bank who could confirm that he had sufficient funds in his account and that he had initiated the wire. Why did we have you do that? Because we knew we wouldn’t get the money until the next day; his bank, while debiting his account immediately, would wait until the end of the day to wire us the money (unless he stopped the wire) and our bank wouldn’t credit us until mid-morning the next day, at the earliest.
"Now, imagine, instead of that 24-hour headache, your under-margined customer simply waved his cell phone at our FADC QR code and we got the money within 10 minutes, or at most a few hours. Bitcoin is a margin clerk's dream come true: near-instant peer-to-peer value transfer! It's easy to see why Jamie Dimon doesn’t like it, but a former margin clerk? You should be loving this technology and cheering for its adoption!
"I know having an asset protected by the computing power of a globally distributed network doesn't feel as secure as having armed guards protecting a bank vault, but if you get some time, there are websites that estimate the cost of amassing enough computing power to defraud the bitcoin network. This site estimates about $1 billion in electricity per day, plus over $1 billion in equipment, to counterfeit one transaction. In other words, it would be way cheaper for the Hunt brothers to corner today’s silver market than it would be for me to con an online retailer like Overstock into sending me free patio furniture. It's called a '51% attack' because I’d need to control a majority of the network hashing power to get a consensus mechanism to accept my phony accounting.
"Bernie Madoff-style cons are hard to pull off; I need years to earn my victims' trust, I have to get a reputable accounting firm to bless my forged statements, etc ... but Madoff's con was far easier than going undetected while amassing billions' worth of computing power. Plus, since new bitcoins are awarded to the miners proportionate to their computational contribution, if I did have that much computing power, I may as well amass bitcoins the honest way, right?
"That's one of the fun insights into this project: it manages to align all participants through economic incentive."
Overwhelming demand
When Terry Duffy, CME's CEO, says it's offering bitcoin futures in response to customer demand, I'm sure he’s right.
I know from writing brochures for commodity trading advisors that money managers want non-correlated assets. That's the only reason they own gold.
When the stock market tanks or a terrorist attack happens, that's when gold rallies. After 9/11, the stock market dropped over 7 percent, but gold spiked.
Bitcoin, like gold, is a perfect non-correlated asset to add to an investment portfolio. I am not surprised that there is such overwhelming demand for bitcoin futures from traders. Now, every trader is going to have the option to invest right there on their screen without having to do the onerous work of buying and securing bitcoin itself.
Risk controls
As for claims that CME futures trading will put the exchange at risk, they are overblown.
CME clearing privilege requires a large amount of capital. If a member's capital level drops below the threshold required to clear, the CME removes customer accounts and places them with a firm that has the capital to support them. Again, customers come first.
Stock index futures functioned as designed during the 1987 crash, grain futures likewise during the 1988 drought, currencies during the high volatility after the Plaza Accord. Consider this: prior to 1982, if you’d predicted where the most successful stock index contract would launch, you’d guess probably the New York Stock Exchange, right? But S&P 500 Index Futures launched at the Chicago exchanges next to the pork-belly pit, U.S. Treasury futures next to the soybean pit.
CME has done its homework on bitcoin; it's well aware of bitcoin's volatile price history and has the experience and controls in place to clear bitcoin futures.
Amazing, isn't it? The exchange that offers risk-management products should avoid bitcoin because it’s "risky?" Huh? I’ve never seen anything like bitcoin that inspires such lame arguments from its opponents.
This ain't Wall Street
Then, there's all the bitcoiners' FUD: "Here comes Wall Street to drive the price of bitcoin down, manipulate the market and ruin it for us!"
Suffice it to say, for many of the same reasons I gave above, I don’t believe that to be true.
Keep in mind that CME is not Wall Street. The Chicago exchanges have an ethos like bitcoin's: transparency, security, independence and accountability.
To all the people hand-wringing on both sides, let's just see how this plays out. I have decades of experience with the Chicago exchanges and feel reasonably certain that you all are wasting your breath and paying too much for full-page ads in print newspapers.
Let's get this thing to the moon!
submitted by BitcoinAlways to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to Bitcoin!

Maybe you're here because you've received a tip on social media or from /FreeBits, or maybe you've just been hearing a lot recently about Bitcoin and are wondering what the big deal is? The following videos are a good starting point for understanding how bitcoin works and a little bit about its long term potential:

What are Bitcoins worth and where can I buy them?

Bitcoins are valued at what market price people are willing to pay for them. Here is a useful site that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just google "1 bitcoin in (your local currency)".
You can buy or sell any amount of bitcoin (from as little as $1 worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank account. Top recommendations include:
US & Europe
China
Also exchanges such as those listed below can be used with bank transfer in most of Europe and US
For even more bitcoin exchanges by country location, review these exchange country listings.

Where can I spend Bitcoins?

A comprehensive list can be found at TheBitcoinPage.com but some of the key ones are below:
There are also lots of charities which accept bitcoin donations, such as Wikipedia and the RNLI. You can find a longer list here.

Merchant Resources

If you operate a business and want to accept bitcoin as a payment method, there are several options available:

Can I mine bitcoin?

Mining bitcoins can be a fun hobby but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The friendly folks at /BitcoinMining would be happy to help you out.

Securing your bitcoins

With bitcoin you can be your own bank and personally secure your bitcoins or you can use trusted companies such as Coinbase and Circle which have secured wallets where they hold the bitcoins for you and provide insurance. Be sure to only deal with reputable companies, if you have any concerns about a company's trustworthiness just ask or check their consumer reviews and ratings.
If you prefer to have direct control over your coins without having to use a trusted third party you can use personal wallets for desktops / laptops, android and iOS where you alone hold your private keys. Electrum, Mycelium and breadwallet are popular, but there are many options.
Find a wallet that works best for you
For increased security use Two Factor Authentication (2FA) everywhere it is offered, including email! (2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access). Google Authenticator and Authy are two great apps for handling 2FA.
Additional security systems such as Mycelium Entropy (for printing multi-signature paper wallets) and the Trezor Hardware Wallet are great ways to easily secure your coins. Or, you can opt to secure your bitcoin using cold storage.
Note: Do not use brainwallets unless you are an expert, they are known to be vulnerable to theft unless set up correctly.

Tipping

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. There's lots of discussion about which unit is the most appropriate so you might see people using different ones until people agree:
Unit Value Info
mBitcoin / mBTC 1,000 in a bitcoin SI unit for milli i.e. millilitre (ml) or millimeter (mm)
μBitcoin / μBTC 1,000,000 in a bitcoin SI unit for micro i.e microlitre (μl) or micrometre (μm)
bits 1,000,000 in a bitcoin Colloquial term with the same value as μBTC
Satoshi 100,000,000 in a bitcoin The smallest unit of bitcoin, named after the inventor
For example, assuming an exchange rate of $500 for one Bitcoin, a $10 meal would equal:
Assuming the worth of bitcoin continues to increase, it will become easier to work at these lower divisions in day to day life.
Still have questions? The friendly folks at /BitcoinBeginners would be happy to help you out. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BashCo to Bitcoin [link] [comments]

Weekly Blockchain Finance News

AB Int’l acquired iCrowdU, Blank check Megalith files for USD 150m IPO, Boldface header, Deepbrain airdrops USD 3m, GSR upsizes tZero investment to USD 400m, Petroteq arranges debt for equity swap, World Bank mandates CBA for first blockchain bond, CoinBase poached Amazon’s Tim Wagner and Q2 VC investment report
The Blockchain finance newsletter gets readers up to date on the latest funding news and related issues.
• Mergers and acquisitions
AB International, the Hong Kong, China-based tech focused investment firm, said it acquired blockchain-backed crowdfunding startup iCrowdU. The company raised its stake to a controlling 51% from the original 11%. AB International filed its most recent 10-Q late in the US after sacking senior executives in May.
• Filings
Megalith Financial Acquisition, the New York City-based blank-check company seeking to buy financial technology companies, said it is raising USD 150m from the initial public offering of 15m shares at USD 10.00 each. The company identified blockchain as one area of management expertise.
• Funding
Libra, the New York City-based cryptoasset services company, said it raised USD 15m in a Series B led by an unidentified family office in Europe. The company provides back-office services.
Audius, the San Francisco, California-based blockchain company focused on the music industry, said it raised USD 5.5m in a Series A led by General Catalyst and Lightspeed. The company sees itself as a rival to SoundCloud.
Lambda, the Singapore-based blockchain data storage company, said it is raising up to USD 5m in a token crowdsale.
tribeOS, the Hamilton, Bermuda-based blockchain company focused on advertising, said Bitmain invested USD 3m. Bitmain, the Beijing, China-based cryptocurrency mining equipment maker, is likely to soon file for an initial public offering, according to a Fortune report last week. The company raised USD 400m in a pre-IPO financing led by Sequoia Capital, according to a China Money report in June citing local media.
Deepbrain Chain, the Singapore-based blockchain company focused on AI research, is airdropping USD 3m, according to a Bitsonline report.
Sagewise, the Long Beach, California-based blockchain contractual dispute services firm, said it raised USD 1.25m in a seed round led by Wavemaker Genesis.
True Nature, the Atlanta, Georgia-based developing healthcare related software applications, said it filed a shelf for a USD 6m equity financing with GHS Investments. The products the company develops may carry blockchain encryption.
Overstock.com, the Salt Lake City, Utah-based online retailer, said its blockchain subsidiary tZERO raised the amount of financing it was receiving from Hong Kong-based GSR Capital to USD 404m. Overstock said in June tZERO was raising USD 160m.
Vemanti, the Newport Beach, California-based investment holding company, said it invested an unspecified amount in Chopp, the grocery delivery company operating in Vietnam. Blockchain, AI and machine learning are sectors Vemanti says it focuses on.
Petroteq Energy, the Sherman Oaks California-based company developing blockchain technology for use in the oil and gas industry, said it arranged two debt for equity swaps worth about USD 400,000.
Late last month, the company said it was raising USD 1.8m from the sale of shares and warrants, and applied to uplist to the Nasdaq. Earlier in July Petroteq said it was raising USD 202,000 from 11 investors.
The World Bank, the Washington DC-based multilateral lender, said it mandated Commonwealth Bank of Australia to arrange what it says is the world’s first blockchain-based bond.
Initial coin offerings going more towards accredited investors, according to a Bloomberg report.
Other deals included Universal Protocol Platform, Genetic Technologies, and OMAAT
• Legal & Regulatory
South Korea’s recently established Blockchain Enterprise Promotion Association is pushing the government to establish the island of Jeju as a cryptocurrency hub, according to a Cryptovest report. Crypto Currency News’ take is here. The Indian government and Tech Mahindra plan to develop a blockchain district in the city of Hyderabad, according to an Asia Times report.
• People
Coinbase, the San Francisco, California-based cryptocurrency trading platform, said it hired Amazon’s Tim Wagner as vice-president of engineering unit. Last week it hired Jeff Horowitz as chief compliance officer. Horowitz was head of compliance at Pershing, a unit of custody, clearing and settlement firm BNY Mellon.
Also this week, Facebook’s head of blockchain David Marcus resigned from the Coinbase board of directors as the social media giant deepens its engagement with the distributed ledger space, according to a Business Insider report. Coindesk’s take on the story is here.
KeyoCoin, the Los Angeles, California-based blockchain company focused on the travel industry, brought Shrei Kaiserman in as a bitcoin advisor as it moves closer to the launch a travel rewards token, according to a BlockTribune report. Kaiserman started an investment and advisory firm, Maco.la, that has focused on the blockchain industry.
SharesPost, the San Francisco, California-based trading platform, said it hired Nick Grabowsk as chief technology officer. Grabowski joins from Charles Schwab, where he was a vice-president of application architecture and R&D. He will work on integrating cryptocurrency and blockchain securities into the SharesPost platform, which started as a secondary trading venue for private technology firms.
SharePost raised USD 15 million in a Series C in June led by LUN Partners and Kenetic Capital.
Sidley Austin, the New York City-based law firm, said it hired Lilya Tessler to head its blockchain and fintech in the securities & derivatives enforcement and regulatory group. She was previously co-head of the blockchain and fintech group at McDermott, Will & Emery.
AlphaPoint, the New York City-based blockchain services firm, said it hired Srikant Manda as chief information security officer. He previously led security architecture and engineering teams at Juniper Networks and Fortinet.
The hire marks the fourth executive AlphaPoint has brought in since May. Last week it appointed Fisher Cataliotti partner Katya Fisher to the board of directors. The law firm is focused on blockchain, cybersecurity, cryptocurrency and artificial intelligence.
AlphaPoint, which is developing corporate auditing software, hired Kristin Boggiano as chief legal officer in July. She was most recently senior regulatory counsel at Guggenheim Asset Management.
In June, the company hired former Nasdaq executive Michael Schmidt as chief human resources officer and raised USD 15m in a Series A from Galaxy Digital Ventures. Ether Capital, the Toronto, Canada-based blockchain investment firm, said it’s forming an advisory board with Ethan Buchman, chief technology officer and co-founder at Cosmos Network, and Panashe Mahachi, co-founder of L4 and Scanate. Other hires included Grant Thornton, CENTRI, Blockchain Power Trust, DigitalTown, Hut 8 Mining, Data443 Risk Mitigation,
• Data
Cryptofinance Conference data shows traditional VCs edging more deeply into blockchain investing, according to a The Next Web report.
Trading, financial services and infrastructure accounted for the most venture capital investment in blockchain companies, at roughly 17% each, in the second quarter of this year, according to a report from Outlier Ventures.
submitted by eyeonai to u/eyeonai [link] [comments]

Bitcoin 2017 a Comprehensive Timeline

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submitted by BitcoinChronicler to btc [link] [comments]

Wall Street Wants Bitcoin! HTC Exodus Phone, China Hates Blockchain, & Johnny Depp Tatatu News Bitcoin News #32 - China oversight, Coinbase now likes SegWit, Lightning Alpha Overstock.com founder & CEO Patrick Byrne talks about Bitcoin and Ethereum!! China Theory Comes True & A New Bitcoin Prediction China's Bitcoin & Crypto Regulations for 2019 - Cause of the Sell Off? [Bitcoin Cryptocurrency News]

NEW YORK, July 26, 2018 /PRNewswire/ --. Bitcoin has been recovering in the past two weeks as its price rose above USD 8,000 on Tuesday for the first time in two months. According to data from CoinMarketCap, the price of bitcoin surged 6.18% to USD 8,216 during Tuesday's trading session. The world's largest cryptocurrency by market value has gained nearly 30% in July, on track for its second “Overstock has been a pioneer: it started as an e-commerce company and was one of the first major companies to explore blockchain technology. In 2014, Overstock began accepting bitcoin as a form Bitcoin holders have spent more than $1 million at Overstock.com since Jan. 9, surpassing the online retailer's expectations and prompting it to keep a stash of the virtual currency that Overstock officially launched its updated e-commerce checkout system today, a new feature that allows shoppers in 107 new countries to buy products with bitcoin via its international website, O.co. Chinese private equity firm GSR Capital has confirmed it signed a letter of intent to invest USD 270 million in blockchain startup up tZero, making it the largest recorded investment to such a company, according to Forbes.. Atypical investment structure. The USD 270 million investment came with an 18% stake in tZero, a platform for trading blockchain-issued securities, with GSR confirming it

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Wall Street Wants Bitcoin! HTC Exodus Phone, China Hates Blockchain, & Johnny Depp Tatatu News

Bitcoin and cryptocurrency news - Bakkt will deplot BTC Futures in December, VAN ECK ETF sees no more barriers, China really doesn't like crypto, HTC Exodus phone, Johnny Depp and Tatatu team up ... Bitcoin Bakkt affects Ethereum and not only Bitcoin. Mattie will tell you exactly how! Trump vs China is also a topic today with focus on the currency war and how it might be crucial for BTC ... Bitcoin news for the week of Jan 9th with your hosts @theonevortex @tonevays @AnselLindner @MrChrisEllis sharkybit and special guest @AlenaSatoshi Questions for special guest: -For tone and Alena ... China Theory Comes True & A New Bitcoin Prediction Recently we got news that China would be launching their own centrally issued digital Yuan. This was something I predicted over a year ago. Arirang News Asian Markets ... Overstock CEO on the power of bitcoin - Duration: 11:45. ... Keiser Report: China Effect on Oil & Bitcoin Markets (E1127) - Duration: ...

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