Tuesday, November 21

Business

Jamie Dimon’s Bitcoin Statements Reported as Market Abuse in Sweden

Jamie Dimon’s Bitcoin Statements Reported as Market Abuse in Sweden

Bitcoin, Breaking News, Business
JP Morgan Reported to Swedish Financial Supervisory Authority for Market Manipulation After Chief Executive’s Public Statements Against Bitcoin Just recently JP Morgan Chase chief executive Jamie Dimon got the cryptocurrency community all riled up when he called bitcoin a “fraud.” Further, after Dimon’s statements and bitcoin markets slumped, JP Morgan Securities Ltd., purchased a bunch of bitcoin-based exchange-traded notes for its clients. Now according to reports, an algorithmic liquidity provider headquartered in London called, Blockswater says Dimon breached certain statutes from the European Union’s Market Abuse Regulation (MAR) articles. JP Morgan Chase Chairman and CEO, Jamie Dimon might get in trouble for calling Bitcoin a ‘Fraud’ while his firm JP Morgan Securities Ltd. bought
Bitcoin’s Journey Toward Mainstream Acceptance Has Begun

Bitcoin’s Journey Toward Mainstream Acceptance Has Begun

Bitcoin, Breaking News, Business
Though Bitcoin was created eight years ago, the currency is just starting to attract largescale mainstream attention. The digital currency uses Blockchain technology for a safer and more efficient way of transacting online without the use of banks or credit cards. In an interview by PBS, Don Tapscott discusses potential uses of Blockchain technology. Tapscott is the co-author of the book entitled “Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World.” Watch the interview below:   Pundits and investing professionals have called Bitcoin a bubble, since the price has increased an unbelievable 700% over the past year. While many wonder if such growth is is sustainable, Tapscott explains that the technology that powers Bitcoin is
Isle of Man to Unveil Friendly Framework for Token Sales

Isle of Man to Unveil Friendly Framework for Token Sales

Bitcoin, Breaking News, Business
The Isle of Man is opening its doors to entrepreneurs looking to launch initial coin offerings (ICO). In an interview today, Brian Donegan, head of operations for fintech and digital development at the Isle of Man's Department of Economic Development, told CoinDesk that the British Crown dependency has created a regulatory framework it believes will allow for token sales that are compliant with anti-money laundering and know-your-customer regulations. The Isle of Man's government has yet to formally announce the development, though it's been moving in this direction for some time. The framework itself is based on anti-money laundering rules put in place in 2014 and 2015, Donegan said. While regulators in places like Canada have offered some on-ramps for...
What more is there ?

What more is there ?

Bitcoin, Business, Income
1. USI has over 140,000 members.2. We are averaging over 2000 new members per day.3. We are operating and 60 countries.4. We have created 12 millionaires to date.5. Not one single account has lost money. Including there forex trading.6. USI-TECH has sold over $320 million in BTC packages.7. USI-Tech showed us today that they fully registered and in compliance with all United States Laws and showed all the registration numbers and patents. And will provide those for us very shortly as well. ( I recorded that portion too).8. OCTOBER 28 USI will be offering a NEW product and he said it will blow our minds. ...
What is Bitcoin and Blockchain?

What is Bitcoin and Blockchain?

Bitcoin, Breaking News, Business
      What is Bitcoin? With the Bitcoin price so volatile everyone is curious. Bitcoin, the category creator of blockchain technology, is the World Wide Ledger yet extremely complicated and no one definition fully encapsulates it. By analogy it is like being able to send a gold coin via email. It is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin was the first practical implementation and is currently the most prominent triple entry bookkeeping system in existence. Beware of the confusingly similar Bcash, BCH, Bitcoin Cash project.   Who created Bitcoin? The firs...
Chasing Profit? Bitcoin Miners Swap Networks As Difficulty Swings – CoinDesk

Chasing Profit? Bitcoin Miners Swap Networks As Difficulty Swings – CoinDesk

Bitcoin, Breaking News, Business
  Since bitcoin cash split from the bitcoin blockchain, miners have had a choice: which of two blockchains to mine? At play in their considerations are two factors: ideology and profitability. But while it's possible some miners are choosing bitcoin or bitcoin cash based on preference, a certain contingent seem to be following the money. How do we know? At block 481,824 yesterday, the bitcoin cash blockchain saw a notable difficulty adjustment. At the time, blocks were being found on bitcoin cash at a rate of about one 1-2 minutes, or less. As a result, the difficulty went up by 300%, the maximum allowed under the difficulty adjustment rules. Both bitcoin and bitcoin cash adjust difficulty downward every 2,016 blocks, though in the case of bitcoin cash, the length o
Bitcoin Has No Intrinsic Value ?

Bitcoin Has No Intrinsic Value ?

Bitcoin, Business
Food for Thought Over the past few years, throughout Bitcoin’s strong rallies and upward momentum, some economists have criticized Bitcoin for its lack of intrinsic value. Ironically, this is something that neither fiat or most of the world’s assets have. Economists that have been exposed to fiat and conventional economics for decades often struggle to grasp the financial and technical concepts of Bitcoin. The decentralized nature of Bitcoin is an ambiguous concept for most, primarily because they have not been exposed to such concepts in the past. Despite the increasing demand from institutional investors for Bitcoin, including Fidelity which oversees $2.31 trillion in assets, economists such as Howard Marks, who runs $90 bln investment firm Oaktree Capital, are not ready to em
This Week’s Second Swiss Bitcoin Breakthrough

This Week’s Second Swiss Bitcoin Breakthrough

Bitcoin, Business
A further major Swiss financial institution has begun accepting Bitcoin this week as Swissquote follows Falcon Private Bank. In a press release issued today, Swissquote describes itself as the “first online bank in Europe to offer Bitcoin investing.” The decision opens up Bitcoin investment to the platform’s 302,000 customers with a combined capital of 17.8 bln francs ($17.6 bln). “Many investors are interested in cryptocurrencies, but are afraid to trade them, because the players in this market are mostly little-known and they often require the transfer of funds to a foreign account,” CEO Mark Buerki commented in the release. “As a Swiss bank, we offer our clients a simplified, transparent process, without foreign transfers, that is within reach of everybody.” The news co
Bitcoin Price Could See 47% Correction at $2,800

Bitcoin Price Could See 47% Correction at $2,800

Bitcoin, Business
Reprint of post from Iain Sherriff May 6th Bitcoin price could experience a 47 percent price correction at $2,800 one bitcoin analyst predicted after witnessing a record $2,791.70 high Thursday, according to an analyst. The correction will only be temporary, said analyst Nicola Duke of Forex Analytix speaking to CNBC, who predicted the price will continue its upward movement through 2018. Bitcoin’s price is at $2,473 at press time, giving it a market cap of $40.4 billion, according to data from CoinMarketCap. Possible price corrections notwithstanding, the number of investors betting on bitcoin to climb higher has jumped 18.2%. Those taking short positions have fallen 10% since early this week. Investors are getting more bullish, according to the Bitfinex exchange. The Resistance Poin
Bitcoin to Get SegWit Before August 1st ?

Bitcoin to Get SegWit Before August 1st ?

Bitcoin, Business
The discussion around scaling Bitcoin has continued into the summer months of 2017, with BIP 148 and SegWit2x now the two most talked about proposals. A key similarity between these proposals is that they both intend to activate the Segregated Witness (SegWit) improvement; however, up to this point, the way in which SegWit would be activated by each proposal has not been made compatible. A recently proposed change to the SegWit2x implementation could change this. BIP 148 BIP 148 is a proposal from the pseudonymous developer Shaolinfry that attempts to force miners into the activation of Segregated Witness via economic forces. The way it works is that those running Bitcoin nodes that have implemented BIP 148 will only accept blocks from SegWit-signalling nodes starti...