FoldingCoin Inc. is planning on building a feature rich statistics page for FLDC and all Merged Folding tokens (including SCOTCOIN) so you the donor can look deep into what you have contributed to the FAH project. For now, we have a temporary statistics page found here http://jsfiddle.net/PookTwo/eyh31bg1/embedded/result/ with the road map for the new stats page underneath this temporary stats chart.
FoldingCoin Inc. looks forward to continuing to help bring more adoption to the fantastic idea of the worlds first potential National currency. Happy Folding!
24 February 2015 | Yessi Bello Perez | Coindesk.com
Whether you fancy trying your hand at trading the digital currency for the first time, or want to use it as an easy, cheap and fast method of payment, you’re going to have to buy some bitcoin.
That will likely mean using one of the many online exchange and trading platforms that are vying for your custom. But how much do these companies charge to swap dollars for bitcoin? And how do the various services compare?
CoinDesk looked at seven of the biggest USD bitcoin exchanges/trading platforms to find out just that.
24 February 2015 | Evander Smart | cryptocoinsnews.com
Over the weekend, I ran across a link to a Sputnik International opinion piece about Bitcoin called “Five Reasons the Bitcoin Revolution is over.” Never heard of Sputnik International before (it’s a multinational media corp that was just created last November). And this article doesn’t seem well-received, with eighty-nine “thumbs down” to just nine “thumbs up”.
Maybe the author or the company, is jumping on Bitcoin to get the ball rolling on their fledgling media enterprise. Maybe they have an agenda against Bitcoin, or they have knuckled under to a centralized third-party or government entity. Nevertheless, whether it is worthy of a rebuttal, which it really isn’t, I look to dispel these five myths and any negative undercurrent of sentiment against Bitcoin. It is best not to let such targeted mainstream agendas fester unchecked. Like cancer, it’s best to get it early.
This is part of the series I’m doing for abitsky.com – where bitcoins meet traveling (and can purchase cheap flights).
It’s been nearly five years since Laszlo bought two pizzas for 10,000 bitcoin – the first time anyone paid for a physical item using bitcoins. Since then, we have seen the currency’s value jump to nearly $1,200 per coin before coming back to the $200 range in the beginning of 2015. In hindsight, we can only hope that the pizza was really, really good.
On today’s episode we’re going to be talking about a workshop in London for P2P projects, building a mesh network in Oakland, the Subspace p2p messaging protocol, p2p ridesharing kind of maybe allowed in San Diego, and last but certainly not least, Steve Dekorte joins the show to tell us about his work at voluntary.net.
24 February 2015 | Ian Jackson | insidebitcoins.com
LONDON (InsideBitcoins) — Amsterdam in the Netherlands is home to one Martijn Wismeijer, the self-styled Mr. Bitcoin, a man so enthused with the possibilities offered by blockchain technology, that he had NFS chips implanted in his hands. The six million dollar bitcoin man he is not, but he can perform featsSteve Austin never dreamed of; opening a bitcoin wallet with a wave of his hand might not be the most impressive of magic tricks, but it’s hellishly cool nonetheless. The tumultuous times bitcoin has endured of recent months have not dimmed Wijeimer’s enthusiasm; it’s all about the bitcoin to him.
Bitcoin has strong opportunities for mainstream businesses, but it’s hard to understand from listening to techies explain it. Here is what a company’s management needs to know about Bitcoin.
Bitcoin is a better way to do transactions. Forget about Bitcoin as an investment vehicle, or Bitcoin as a way to end the Federal Reserve. Its benefit to business comes from payments.
If your payments are occasional and in large amounts, don’t bother with Bitcoin. Let’s say that you’re Boeing. Once or twice a day someone sends you $100,000,000 for an airplane. Stick with your current practices.
Bitcoin’s block chain is not just being used for financial purposes, data storage and messaging are just a few potential offshoot uses of the blockchain. Blockai, has created a social messaging platform that sits on top of of Bitcoin’s blockchain, and allows users to embed messages that are displayed in real time on the Blockai’s front page for public viewing. Nathan Lands, CEO of Blockai, originally began the project with the intent of building a Facebook bitcoin wallet that would spread awareness of bitcoin, the initial project was known as, QuickCoin. The novel idea went on a viral spree, raising $150,000 in tips, over a period of 10 days. Eventually the QuickCoin project evolved into Blockai. Blockai gives users, reading and writing functionality directly on the blockchain, and the results have been very amusing to say the least. The concept of the blockchain is a very abstract idea, and the implications and potential uses are not immediately obvious to average internet users, Blockai provides a concrete example of just what is possible with this novel technology.
American Green, a marijuana vending machine operator has made history in Seattle, with the first marijuana bud dispensing vending machine. The new vending machines, called ZaZZZ, are currently only available at medical cannabis establishments and take bitcoin as payment. According to Greg Patrick, spokesman for American Green, only verified customers who possess government issued medical marijuana cards, are allowed to purchase products from the new vending machines. Cannabis vending machines are not new, in the state of Colorado, prior vending machine models could only dispense cannabis-infused edible products, not the plant’s bud. Greg Patrick is very enthusiastic about the future of marijuana in Seattle, “It’s historic, there’s just no other way to state it. We saw the repeal of prohibition in the early 20th century and the mark that made on our country and the companies that did it right”, said Patrick.
One of the major selling points of bitcoin, is the irreversible nature of its transactions. Once a transfer is initiated, it is one a one way trip. While this may be a great feature for some businesses, for consumers who are used to reversible credit and debit card transactions, this is a potential issue. The rigidity of the bitcoin blockchain is not very user friendly in that regard. A new service,Bitrated, is attempting to create a platform that gives bitcoin users the same protection they receive with traditional banking. How is this possible?
24 February 2015 | Thomas Fox-Brewster | forbes.com
Across October and November of last year, some unlucky users of the world’s most popular Bitcoin wallet, Blockchain.info, and one of the better-known exchanges, LocalBitcoins, had their usernames and passwords silently pilfered. They were robbed of significant sums, probably tens of thousands of dollars worth of the virtual currency, possibly more. Security-focused email services, Riseup and Safe-mail were also targeted by the same crew. And according to the man who witnessed the attacks go off last year, Digital Assurance director Greg Jones, it looks like buyers and sellers of dark markets were the targets.
When it comes to Bitcoin and digital currency – similar to more traditional fiat currency for that matter – one of the main concerns is the potential to get scammed by a service or person. As we have seen ever since Bitcoin’s inception, these threats are very real and can sometimes even lead to life threatening situations. Things are getting worse when so-called Bitcoin “faucets”, which give users a small amount of Bitcoin in exchange for completing a task, turn out to be a ponzi scheme.
BTC-Flow : Promising Bitcoin Faucet
Bitcoin faucets are a great way to get novice users acquainted with this disruptive digital currency, without them having to invest any of their money just yet. Usually it is sufficient to enter your Bitcoin wallet address, click a button, and you have earned a few Satoshis. Not that much value, but then again, you have to do nearly nothing in return, so it balances out.
The company claimed between $1m and $10m in assets, as well as between $1m and $10m in outstanding liabilities. The company has between one and 49 creditors, the filing stated.
Aquifer said in court documents that it expects to have enough funds on hand to repay unsecured creditors. The filing names a number of California-based vendors and service providers, as well as other creditors located in the United States.
Bitcoin.de‘s long-standing partnership with Fidor Bank has finally borne fruit, with the company claiming it is the world’s first bitcoin trading platform with a “direct connection to the classic banking system”.
Bitcoin.de says the arrangement brings a far faster service, allowing EUR/BTC trades to be completed within “seconds” when both customers have a free ‘FIDOR Smart Giro Account’.
Extra security is also promised, with customers’ funds staying within their Fidor Bank accounts, rather than being held by a centralised body, such as an exchange.
“Bitcoin, Bit by Bit” is the partial title of an article written by Forbescontributor Ralph Benko. The subject stirs up an interesting topic dealing with the endless war between politics and business, and right now, bitcoin is the key ground over which both parties are fighting.
In the article, the idea that the business capital of the world, the Silicon Valley located in Northern California, holds true power in the country, especially when compared to the power supposedly held in Washington, which is depicted as being somewhat farcical. The content later goes on to use bitcoin as an example. The digital currency is experiencing an all-time high in its popularity amongst business ventures in the Silicon Valley, which see it not only as the fiat currency of the future, but also as holding supreme and reigning technology. As a result, many Silicon Valley entities have invested millions in the digital currency, holding faith in the idea that it’s time to grow is now. Politicians in Washington, however, are still not quite used to the idea of bitcoin, and therefore the battle is growing.
In a 48-hour period in January, the digital currency and payment system declined 34 percent in value. It rebounded some — a bitcoin was worth $235 at the close of last week according to CoinDesk — but still trades at a tiny fraction of its $1,200 peak in December 2013.
With the decline, bitcoin businesses have struggled to continue operations. Last month, one company, CEX.io, said the tumbling prices forced it to temporarily suspend its bitcoin mining services. Mining operations are the backbone of the bitcoin network, running the computer program that processes all bitcoin transactions in exchange for a chance to unearth new bitcoins in the process.
More than 3 million bitcoin wallets have been created on Blockchain.info at present, as the backers of the popular cryptocurrency continue to rely on the world’s largest bitcoin wallet provider.
The number of Blockchain wallets has more than doubled in the last one year due to rising popularity of bitcoin among technology enthusiasts and companies. Over the last 30 days, the number of wallets has been increased by about 6%, according to statistics from the wallet provider. Until January 2013, the number of wallets on Blockchain were staying below 80,000. Subsequently, there was a steady increase in the number of wallets.
In my network of contacts there are a couple people that have given me their opinions on Bitcoin. From professors at reputable European universities and senior business managers to every-day people, all have had interesting things to say.
Of course some people didn’t like what these people had to say. However, people need to put their reactionary ways aside when reading criticism about the Bitcoin technology. Yes, it is not fun to read negative things about something we love so much, but we should look closer at what these people are really saying. If you are doing that correctly, you might find some legitimate problems with Bitcoin need to be addressed in order for the currency to flourish.
23 February 2015 | Lance Peterson | nuwireinvestor.com
With a record that is pretty much down for most part of the year, Bitcoin is not expected to be the best in crypto-currency in the market. But the fact that it has survived and is being considered the future of currency transactions all over the world makes it a great brand to watch and study. Bitcoin started off as another crypto-currency provider that gave existing competition reason to worry in 2013 when it scored high in market shares. Other forms of crypto-currency soon went off the market leaving Bitcoin as the sole player in a devastated niche. Everyone was skeptical whether the brand would be able to survive as they watched its shares fall steadily in 2014.
23 February 2015 | Venzen Khaosan | cryptocoinsnews.com
Bitcoin trading has reverted to selling behavior, and the bears are clawing down the chart for all they’re worth. Buyers have set up strong buy orders between $225 and $237 but the past 24 hours of decline have relentlessly eaten into these. Will support at $230 hold?
This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here.
Telebit, a new service that enables Telegram users to send bitcoins between phones, is now available to the 50 million users of the popular instant messaging system.
Announced in early February on social media, Telebit operates as a third party that allows Telegram users to hold and transfer small amounts of bitcoins to their contacts without needing to bother with registration, or Bitcoin addresses.
“Telebit is one of a number of recent attempts to merge the popularity of Telegram with a Bitcoin wallet,” reads an announcement on BitcoinTalk dated February 19. “GetGems and SendChat have both taken a different approach of forking the Telegram client and making their own app meaning their user base is limited to how many people download their app.”
23 February 2015 | Ian Jackson | insidebitcoins.com
LONDON (InsideBitcoins) — All roads lead to Rome. Or so they used to say. Italy has often been the odd man out in Europe. The third largest economy in the Eurozone, it also ranks 8th in the world in terms of nominal GDP; a highly developed economy by any standards, it is often to the surprise and dismay of its euro partners that Italian politics are a mess.
A country cursed by creative accounting
It’s easy to point a finger at outgoing President Berlusconi but in fact the real crisis in politics reached a peak in 2011 as the ramifications of the sovereign debt woes hit the peninsula with hurricane-level force. The Maastricht treaty of 1992 had, amongst other things, been designed to place limits on the amount of deficit spending governments within the union could partake in. No nation actuallybroke these agreements but a combination of creative accounting, off balance transactions and the securitization of future government revenues led to a direct, deliberate obfuscation of what was really occurring.
Note from the Author: Next week’s Analysis might be late or missing as I will be a speaker at the Anarchapulcoevent. Follow me (@Tone_LLT) for more timely updates throughout the week on price developments, latest charts and overall Bitcoin news commentary.
The move out of the Symmetric triangle was pretty strong, and the panic selling there after might have been due to the bad news of a few exchanges having major issues. The expectation going forward is still pretty bullish and once we can spend a significant amount of time above US$240 there is a very good chance we will see new highs for the month and give the yearly high of US$315 a run for the money.
Two additional scenarios in order of higher probabilities:
Bearish: Since the primary case is pretty bullish, here is what to watch out for. Our first real support is the dreaded US$223 Fibonacci line which we do not want to see breached (hourly charts). Under it is the monthly low at US$210. If we were to drop below that all that’s left is US$200 as a psychological round number and that’s it. Panic can set in and it’s clear sailing down to US$100, which no one wants to see. Not even those of us that might profit from shorting bitcoins cause in the end you just end up with more bitcoins, which may or may not be worth anything if the price keeps going down.
Bullish: The continuation of the bullish case looks like this. First hurdle is getting back above US$240 and staying there, then taking another shot at US$260 and US$315, which we are expecting to happen within the next few weeks at the moment. After that look for resistance at US$340 and US$400.
23 February 2015 | William Suberg | cointelegraph.com
Despite recent setbacks in the country, a German bank has become the first worldwide to offer Bitcoin trading directly linked to a regular bank account in the traditional banking system.
Munich-based Fidor Bank has extended its partnership with German Bitcoin marketplace Bitcoin.de to offer its customers the option to send and receive BTC payments directly from bank account to bank account. The move comes in tandem with Fidor’s expansion into the US, where it will seek to offer similar services in permissible states.
Paul Mason has an interesting piece arguing that Greece could well introduce an adaptation of Bitcoin as a way of dealing with the current debt problem, financial crisis and austerity. Sadly, it’s not quite the get out of jail free card that Mason seems to think it is and there’s even less possibility of it coming to pass. Greece simply would not be allowed to do this. The ECB would cut off the Greek banks immediately and that would be that, game over.
Bizarre and mind-boggling as the parallel currency idea is, my experience in the eurocrisis makes me think it’s likely to happen at some point. So, as you observe me and my fellow eurocrisis tribespeople eking out our lives in dank hotels and lobbies, do not pity us. All the shouting and the whispering only looks like mental torture. It is, in fact, a grand philosophical debate about the nature of money.
This is all based on a blog post by Yanis Varoufakis from some time ago, which can be found here. And there’s absolutely no doubt at all that Varoufakis has his initial analysis correct.
Munich based German bank, FIDOR Bank, has issued a press release, becoming the first officially regulated institution to provide direct access to the bitcoin market place. FIDOR Bank has partnered with German exchange Bitcoin.de to provide it’s customers the ability to conduct BTC denominated transactions between fiat bank accounts. Bitcoin.de is promising customers lightning fast executing of bitcoin to euro trades and transactions. The partnership between FIDOR and Bitcoin.de will provide customers a bitcoin trading venue that provides the same protection and insurance that traditional fiat bank accounts offer.
Bitcoin is revolutionizing the concept of money, but are there any other institutions where bitcoin’s blockchain technology can be applied? The monopoly on education the universities have enjoyed over the past several decades, is one area of modern society, that could really use a facelift. The advent of the Internet, was the first shot across the bow of the educational monopoly. The Internet allowed the free dissemination of information and many courses which were only available to a select few, are now publicly available. However, the free dissemination of learning material, has not yet completely broken the firm grip educational institutions hold over society. Although learning material is nowadays freely available, the only way to verify that an individual is fluent in a given discipline, is through the issuance of a diploma/certificate from an accredited University. While this method of certification may have served society in the past, it is no longer affordable/viable.
WordPress, the web’s most popular blogging system, has removed bitcoin from its payments options at checkout.
The open-source platform, which supports over 60 million websites, became one of bitcoin’s first high-profile advocates when it announced it would accept the digital currency for premium features in November 2012.
It had listed the currency alongside PayPal and major credit and debit cards, however the bitcoin tab has now mysteriously vanished. Third-party plugins that use bitcoin still appear to be running.
Many Bitcoin enthusiasts around the world are still upset and shocked about the number one Bitcoin poker site SealsWithClubs shutting down so abruptly. Despite all of that, SWCPoker was announced little over 24 hours, which will try and fill the void that was left behind due to SWC closing up shop. But there is even more positive news, as Bitcoin and digital currencies seem to be experiencing a very large growth in online gambling on a global scale.
Bitcoin & Online Gambling – A Few Pointers
When we look at websites from established brands in the online gambling space, there are very few Bitcoin-oriented platforms available right now. However, we are seeing an emerging trend of existing sites enabling digital currency payments next to more traditional payment methods such as debit or credit cards, or even Paypal in some cases.
The Netherlands remain a hotbed for Bitcoin adoption and awareness, most noticeable due to projects such as Arnhem Bitcoincity.This initiative started out with one thing in mind : convincing as many retailers in the city of Arnhem as possible to start accepting Bitcoin payments both in-store and online. At this point in time, there are 51 participating locations, and more get added on a regular basis.
Chilax – The Latest Addition To Arnhem Bitcoincity
Reaching the milestone of 50 merchants was a cause for major celebration among Bitcoin enthusiasts in Arnhem and the rest of the country. No one expected this much of a success at such an early stage in the project, but a bit of good will, a lot of hard work and sheer determination are already paying dividends. And the party has only just begun.
Earlier this week, Chilax - a place where you can get relaxing massages among other things – joined the list of merchants in Arnhem who accept Bitcoin as a payment method.Judith Hulnink, who owns and runs Chilax, was in attendance during the Media Villa presentation, which focused on the people behind the Arnhem Bitcoincity initiative.
23 February 2015 | Takashi Mochizuki | digital.asiaone.com
Japanese e-commerce giant Rakuten is considering accepting the virtual currency bitcoin as payment, founder and Chief Executive Hiroshi Mikitani said.
“We are thinking about it, and we probably will,” Mr. Mikitani said at the Rakuten Financial Conference in Tokyo, where panelists discussed crypto-currencies and other alternatives to cash and credit cards. “We would like to be open.”
Mr. Mikitani declined to specify when the company might decide, saying it was a trade secret.
Rakuten is one of the largest Japanese companies to take an interest in bitcoin and other digital currencies. It has formed a department to study digital currencies and invested in bitcoin-related ventures in the US, including San Francisco-based Bitnet Technologies.
Despite yesterday’s bitcoin price drop, dogecoin price ranged between 58.2 and 59.9 satoshis yesterday on Hitbtc which is somehow within the fixed range we pointed to during our yesterday’s analysis. However, the price ranged between 58 and 61 satoshis on Cryptsy.
By studying the 1 day Hitbtc (DOGE/BTC) chart from tradingview.com, plotting the 20 day EMA, the RSI and MACD indicator (look at the below chart), we can conclude the following:
Although the price range during the past 3 days has been almost the same, the lows are still trading along the rising support trend line we plotted in earlier analyses.
The RSI is valued around 43 at the moment, so Dogecoin is currently neither oversold nor overbought, so it is likely to continue trading within the (56-62 satoshis) range for a few days.
The MACD indicator’s value is around zero at the time of writing of this article and the red signal line has crossed below the MACD blue line on the 13th of February and this has remained unchanged since then. Accordingly, there are no signs of a bullish wave that can push the price up to higher levels soon.
By studying the 1 day Cryptsy (DOGE/BTC) chart from bitcoinwisdom.com, plotting the 10 day EMA (green curve) and the 20 day EMA (orange curve) and calculating the MACD indicator (look at the below chart), we can conclude the following:
Washington, DC, is the capital of the United States. Yet Silicon Valley is the true capital of the America of the present and the future. Silicon Valley and its satellites gave us personal computers, web browsing, email, Amazon, eBay, PayPal, Facebook, Uber, Airbnb, iPhones, iPads, and other technologies that have transformed and are transforming our lives for the better.
These developments are unlike anything out of Washington, usually a bastion of the status quo and the retrograde. So when the leaders of Silicon Valley start making amazing claims about something it pays to pay attention. Silicon Valley’s latest Next Big Thing: the mysterious bitcoin.
22 February 2015 | Deepak Tiwari | forexminute.com
In an announcement, instant messaging app Telegram says that it is introducing its 50 million users to Bitcoin with the integration of its new Bitcoin wallet which it calls, ‘Telebit.’ The company came in news when it offered $200,000 to the hacker who can break Telegram. The latest announcement is going to relieve the users who worry about Bitcoin security.
Nonetheless, Telegram, a messaging app with a focus on speed and security, is not just super fast but simple and free as well. There are lots of similarities in Telegram’s messaging service and Whatspp, an app sold to Facebook for $19 billion in 2014. The subscribers can use Telegram on all devices at the same time wherein their messages sync seamlessly.
All subscribers using smart phones, tablets or computers can access Telegram and send messages, photos, videos and files of any type (doc, zip, mp3, etc), as well as create groups for up to 200 people. Nonetheless, the users can also write to their phone contacts and find people by their usernames.
The exciting new website freebitcoins.com is giving away bitcoins to the first million visitors to their site in a groundbreaking effort to introduce the increasingly popular currency to those who want to own some, completely free.
Those interested simply visit the site and enter their email address to immediately receive bitcoins. There are no strings attached, and nothing to purchase on the website whatsoever.
What’s more is that each user will continue to receive complimentary bitcoins every single day by simply visiting the site using the unique link they receive via email.
How much bitcoin each user receives each day is the most fun part. The site gives each user anywhere from fractions of a bitcoin up to an entire bitcoin, currently worth more than $200, each day.
After hitting multi-month low in its daily range yesterday, BTC broke out and dipped lower. Although prices traded as low as $225.21 at one point, the move wasn’t major by any means and eventually bitcoin closed the day down by $8 dollars at $229 per coin. We are currently quoted not far from the close at $230.21 on BTC-E, $236.75 on OKCoin and $237.24 on BitStamp. Here’s an one hour chart of today’s trading session.
Today’s gain in the daily range is not surprising. As we wrote about yesterday after BTC had a daily range of only $3.10 dollars, previous periods of very low volatility have been followed by surges in the daily range coupled with breakouts. While the close lower may point to the direction of the eventual breakout, caution is advised as today’s move is smaller in magnitude when compared to earlier instances.
Since the rapid descent of bitcoin prices, early proponents of the digital currency have begun to lose hope that Bitcoin, and other digital currencies can ever replace fiat currency in the world market place. All is not lost as hedge funds and other speculators have delved into the digital currency market. Global Advisors Bitcoin Investment Fund (GABI) has invested in a large sum of bitcoins, and other well established funds have followed suit. The effect of established investors on the price of bitcoin will surely be stabilization of the price, which in the long run will keep Bitcoin more relevant than the pure speculation that occurred before the boom and bust cycle of last year.
A situation now exists where small traders who work together in trading strategies are capable of competing with the large funds. This most likely will lead to stabilization as can be seen below.
22 February 2015 | Venzen Khaosan | cryptocoinsnews.com
Bitcoin price took a $12 plunge today as the market became exhausted with the lack of upside progress. The bears saw their opportunity, and a mini sell-off in the style of the previous decline ensued. Support near $230 halted the decline.
This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here.
Bitcoin Value and Price Analysis
Time of analysis: 16h06 UTC
Bitfinex 15-Minute Chart
The trickle of buy orders was failing to make progress above $247 and on the last failed attempt, today, the sellers were apparently joined by the frustrated majority and a rapid sell-off gripped the Bitcoin market.
There’s almost no upside to a eurocrisis. You become part of a rolling maul of politicians, journalists and economists ripping and gouging at each other, both in private and on Twitter. The only advantage of being there is that it forces you to think laterally about money. Soon – if the Greek crisis is not resolved – one of the most audacious pieces of lateral thinking ever could get a try-out: a parallel digital currency, issued by the Greek government, modelled on Bitcoin, but with a crucial difference.
In orthodox economics, money barely figures. It’s just there, acting as a lubricant to supply and demand. The assumption is: markets create money, and the state’s role is to make sure it’s not fake or diluted.
Bitcoin is an audacious attempt to create money beyond the control of any state. It is a digital currency, in the form of a limited number of tokens. It is championed by people who would, if they could, return to a gold standard – where states are obliged to limit the amount of money in the economy. What these money fundamentalists worry about is states creating so much money that booms and busts become inevitable and inflation erodes wealth. In this sense, Bitcoin’s aim is to function as “digital gold”.
World’s largest business news website CNN Money recently launched a new and insightful Bitcoin Ticker XBT, featuring a real-time BTC/USD price widget as well as a Bitcoin news feeder.
At press time, CNN Money is sourcing live price updates from BATS BZX — a highly accessed US Stock Exchange. While the news are extracting feeds from multiple sources such as FT.com, Market Wired, and others.
Does it Benefit Bitcoin?
For once, it seems like an interesting development for a website which is accessed by million of users around the world. At the same time, it definitely exposes an emerging technology-cum-currency like Bitcoin before a wider audience. Indeed, CNN’s stamp of approval pushes Bitcoin a little ahead, even if not pompously.
Without a doubt, the news is also being discussed widely on social Bitcoin pages. Users, who once used to feel excited about such integrations, now think them as the things of the past. The focus, as we noticed, is now more on Bitcoin prices and adoption by merchants and users.
On Wednesday, February 18th, the Oregon AFP hosted a Bitcoin Panel that brought together six of the finest minds in Crypto-currencies in the Portland area at their monthly meeting at the Multnomah Athletic Club. These minds, together with some of the finest financial practitioners in the city, bridged the gap between the Bitcoin universe and mainstream commerce over the course of a lunch hour.
While the discussion was full of insights and revelations, there were three that stood out:
Transactions volume in Bitcoin has soared over the past two years as has the total of Venture Capital funding that is pouring into the Bitcoin industry.
Bitcoin innovators have largely solved the problem of Patriot Act Compliance, once thought impossible given the anonymous nature of crypto-currencies.
There are now services that address concerns about Bitcoin’s wild fluctuations in value by instantly exchanging Bitcoins accepted in trade into national currencies.
Bitcoin has come a long way, and the panelists did a superb job of presenting a balanced discussion of the present state of crypto-currencies.
“For us, the ability to offer accessibility and optionality to multilingual users around the world doesn’t stop at translations. To truly embrace the global nature of money, we must offer what’s familiar and safe to people across cultures,” reads Bitreserve’s website.
The world’s most popular crypto-currency reserve and hedging company, Bitreserve, has added the ability to peg your bitcoins to silver, platinum, palladium and the Swiss franc. The company has also translated their website into Chinese (Mandarin), Japanese, Portuguese, Russian and Spanish to reach more international costumers.
Bitreserve allows people to peg their bitcoin to the price of a certain asset, like a fiat currency or precious metal. The company wants to give these people the ability to hedge against the bitcoin volatility and use the efficient payment network to transact with the assets in new ways.
22 February 2015 | Guest Author | Cointelegraph.com
Are corporations reliant upon humans to survive? Over the course of the last 100 years, the answer has been increasingly no. Corporations are continuously shuffling capital inside their organizations, as we have seen, but more and more of it is being devoted to automation and computing power.
They do so because their survival is heavily dependent upon the labour output of its employees and the value created for customers — both of which roles are now being filled by machines with the introduction of bitcoin technology.
The bitcoin payment system represents a first of its kind economic model – a decentralized, autonomous corporation. This type of corporate model is fundamentally different in its makeup because — among other things — it is capable of functioning completely devoid of human intervention and holds the potential to be owned by no single entity.
Alexis Tsipras stormed into political limelight, with a landslide victory in the landmark January Greek elections, that rocked the foundations of the EU. Tsipras, the new Greek PM, appointed Yanis Varoufakis as Finance Minister. Varoufakis, is no stranger to digital economies, in 2012, he became the economist on-staff at Valve Corporation, who created some of the most recognizable game titles in videogame history. Varoufakis maintained a blog while he was employed at Valve, some of his commentary is very agreeable with the decentralized nature of bitcoin’s blockchain technology. Varoufakis’s blog posts clearly indicated a very favorable opinion on the corporate structure at Valve, he wrote, “One in which there are no bosses, no delegation, no commands, no attempt by anyone to tell someone what to do.” He was also very impressed with the in-game economic model, where every transaction left a record. Varoufakis wrote, “Think of it: an economy where every action leaves a digital trail, every transaction is recorded.”
Bitcoin volatility is a major headache for merchants who wish to add the new digital currency to their list of payment options. CoinJar, an Australian company is looking to alleviate merchant and user concerns with hedging accounts that mitigate the risk of holding bitcoin, by fixing the fiat exchange rate. CoinJar’s hedging accounts will feature a variety of fiat currency options such as US dollars, British pounds and Euros.
When a user purchases bitcoin at a specific price, for example $200, their hedging account will be credited with exactly $200 worth of bitcoin, regardless of how wild the exchange rate for bitcoin becomes. If a few days later the bitcoin exchange rate has become $222, then the user will have a approximately 0.9 btc. The user’s account will always contain the amount of bitcoin that was initially purchased, adjusted for the current bitcoin exchange rate.
22 February 2015 | Rakesh Sharma | wallstcheatsheet.com
It is the era of digital currencies.
Bitcoin, of course, is the most famous one. The currency’s wild swings between precious commodity and digital scam have transfixed financial markets and commentators in recent times. But there are a number of other digital currencies that are clamoring to be a part of the disruption of the financial services industry.
The trust factor
At first blush, the idea of digital currencies seems strange because they are not physical assets, such as gold, or readily exchangeable commodities, such as paper currency. Instead, digital currencies are a stream of evanescent bits. For Luddites and technology novices, digital currencies are strange creatures. Some have likened the currency to digital collectibles. Crashing exchanges and use of the currency for illegal transactions haven’t helped the digital currency’s cause either. Still, these are teething problems and digital currencies hold great potential in revolutionizing financial transactions.
22 February 2015 | Ian DeMartino | cointelegraph.com
Stripe has finally opened up Bitcoin payments for all of its users, after more than a year of beta testing. The new service launched today and merchants can add Bitcoin as an option for their customers with one small line of code.
Stripe launched a beta program for bitcoin back in May 2014. During that time, merchants accepted bitcoin from more than 60 countries, proving its global capabilities. Stripe added support for Apple Pay and Alipay last year, but neither of those centralized services hold the same global potential as Bitcoin.
Stripe will be taking a 0.5 % fee for every bitcoin transaction, so there are cheaper bitcoin-centric alternatives. It is, however, much cheaper than Stripe’s other options. Fiat options through Stripe run a 2.9% fee, plus 30 cents, for every successful transaction. This spread should be enough to demonstrate the power of Bitcoin to Stripe merchants.
22 February 2015 | Darren Gold | singularityhub.com
Bitcoin, the digital currency and network protocol, has commanded a great deal of attention lately. Investors have poured money into bitcoin related businesses. Many believe bitcoin has the same disruptive potential today as the internet did in the mid-1990s. So what does bitcoin have to do with education?
First, a bit of background. What is bitcoin?
At its core, bitcoin is a distributed, decentralized, open source network that provides a digital ledger of all bitcoin transactions. This digital ledger is known as the blockchain.