Friday, September 22

Tag: Busines

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
Crypto : Price Analysis, September 8

Crypto : Price Analysis, September 8

Bitcoin, Breaking News
Price Analysis Many experts have called the stupendous rally in the cryptocurrencies as a bubble. Notwithstanding, the digital currencies have continued their uptrend. However, as we know, nothing can go up for ever. Gravity will catch up and there are bound to be corrections in between, which will offer a good entry point again. However, sometimes the corrections can be unnerving and can cause a large dent to the portfolio. So, has the time come to cash in some profits and be ready for a downturn or is this another of those consolidations that will breakout on the upside? Let’s see the charts and try to forecast. BTC/USD Buyers continue to support Bitcoin close to the trendline support of the ascending channel. However, bears are attempting to defend the $4695 level, w
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...
Investors Pull Billions from Stocks

Investors Pull Billions from Stocks

Bitcoin, Breaking News
Investors Pull Billions from Stocks As New Bitcoin, Crypto Options Appear The withdrawal of funds from stocks and precious metals has coincided with the massive price increase of Bitcoin and other cryptocurrencies. It seems that investors have realized that Bitcoin is a more stable ‘store of value’ investment than gold. CNBC has reported that the stock market has seen the largest withdrawal rate since 2004, with more than $30 bln being taken out of the markets over the past 10 weeks. The major withdrawal also included a huge abandoning of precious metals. Precious metals at loss Private client allocation to precious metals has seen a massive reduction, with portfolios holding 10 percent in 2013 being reduced to below two percent in recent weeks. (source: BofA Merrill L
US Lawmakers Draft Bill Protecting Cryptocurrencies from Gov Interference

US Lawmakers Draft Bill Protecting Cryptocurrencies from Gov Interference

Bitcoin, Breaking News
Regulations Several members of the US Congress are drafting legislation that is intended to recognize certain digital currencies and protect them against interference from the federal government. The bill, which will provide protection to cryptocurrencies that comply with certain minimum requirements to prevent them from being used by those engaged in illegal business practices like drug traffickers and terrorists, is expected to be filed in September 2017, according to DailyCaller. Based on a reliable source, at least one Republican senator and two Republican congressmen are working on the draft legislation. The legislators, however, have requested that should not be identified due to the sensitivity of the issue and the complexity of the proposed solution. Basic featur...
Legendary Bitcoin Trader “masterluc” Predicts $15,000 Bitcoin This Year

Legendary Bitcoin Trader “masterluc” Predicts $15,000 Bitcoin This Year

Bitcoin, Breaking News
Ask any oldtimer, and you’ll find that masterluc is something of a legend in the Bitcoin community. His main claim to fame is that he called the top of the November 2013 Bitcoin bubble and the subsequent bear market. On December 6, with the price at $1100, he said: “Third day in a row I wake up, see charts and ask myself "Is this the end?" and third day in a row answer is "Yes.” End of first historical bullish trend 2010-2013.” Multi-year bear market If that’s not impressive enough, masterluc predicted a multi-year bear market two days prior, despite the price at the time--$1240--being an all-time high. He wrote: “Ah, of course thanks Satoshi and community, but I am still here =) Next entering point for me is in 2016-2017 year.” Just in case there was any doubt about
Cosmetics Giant Lush Accepts Bitcoin

Cosmetics Giant Lush Accepts Bitcoin

Bitcoin, Breaking News
Cosmetics Giant Lush Accepts Bitcoin Anti-animal cruelty and vegan cosmetic and skincare giant Lush has announced that it will be taking a bold step with its online store as it begins accepting Bitcoin as a form of payment. The UK cosmetic high street shop, that has seen rapid growth with stores across the globe, has seen it fit to move with the times by adopting Bitcoin, the most popular cryptocurrency, as a form of payment for its online store. Joining the big boys Lush will be embracing this new monetary technology, and join companies on the scale of Microsoft, Expedia and Steam, in this uptick of Bitcoin. The idea is to allow for more global payment to be made on their UK online store through the use of this decentralized currency. Because Bitcoin is not tied to any oth...
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 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...