Bitcoin News (BTC) - Page 66

Whiny Ragequitting Bram Cohen 3 years ago today Mike Hearn left bitcoin after an unsuccessful takeover with his BitcoinXT client.
I characterized Mike Hearn?s farewell essay as a ?whiny ragequit?. I did this because it is, well, a whiny ragequit. He attempted a hostile takeover of Bitcoin with Bitcoin-XT, and now that he?s predictably been made to feel like persona non grata in Bitcoin development he?s throwing a tantrum on his way out. There are of course real howlers in Hearn?s essay which I can explain, although truth be known I shouldn?t have to. There is overwhelming alignment among people doing Bitcoin development on the path forward. The popular perception of internal division is caused by having a camp consisting of Mike Hearn, Jeff Garzik, and Gavin Andresen who are doing a good job of whipping up popular support and talking to the press. They have a simplistic plan which appeals to people who don?t know any better or want to be told that technical problems can be made to magically go away with a simple fix. On the other side are the people doing actual development, who aren?t particularly good at talking to the press or whipping up support on reddit and have a plan which requires real engineering work moving forwards.
January 14, 2019 6:31 PM

Bitcoin: Reshaping Power and Money - FREE Event - Limited spaces available
We're kicking off our first meetup for 2019 with a hard-hitting, eye-opening discussion. Sponsored by CoinGeek, the Bitstocks CryptoTalk evening will focus on the massive potential of Bitcoin and cryptocurrency - its inherent capacity to reshape power and money as we know it. Join us from 6:00pm and learn why we believe in Bitcoin as the finance of the future. 6.00 - 6.30pm - Welcome Drinks 6.30 - 7.00pm - Bitcoin SV - Technology Rocks Petter Ikekhua from Ayre Media / CoinGeek takes us through merchant adoption and the technology of Bitcoin SV, highlighting specifically why this is the true form of Bitcoin as intended to be used as electronic peer-to-peer cash. 7.00 - 7.15pm - Interval and drinks 7.15 - 7.45pm - Bitcoin - Reshaping Power and Money Bitstocks Portfolio Manager, Antonio Shillingford, takes a deep-dive into the incumbent global economic and social structures, and explains how the blockchain technology of Bitcoin reshapes power and money! 7.45 - 8.00pm - Interval and drinks 8.00 - 8.30pm - What Bitstocks is Building CEO, Michael Hudson, presents Gravity, the BitcoinSV Banking Ecosystem that Bitstocks is launching in 2019. Get a preview of the products and services built on Bitcoin SV and hear more about investment opportunities. 8.30 - 9.00pm - Q&A, networking and close There is no charge for entry, but please register to attend. Share with your friends, family, colleagues and networks. A great networking evening learning about cryptocurrency and fantastic new products. Not to be missed!
January 14, 2019 6:21 PM

Bitcoin (BTC) Could Be Throwing its Last Kicks; Investor Insight
It is no doubt the cryptocurrency hype has come to a standstill save for sporadic news about the market. The current market decline has seen crypto critics get their voice back. This raises the questions as to whether the market leader, Bitcoin (BTC) is throwing its last kicks. Ten years ago Bitcoin was just but an invisible coin and has since grown to a household name and a global brand. The hype was so high that it almost touched the $20,000 mark. The price surge opened the floodgates for altcoins with most of them having no market agenda. The crypto sphere has become so much saturated that Bitcoin adoption has taken a backstage. The new platforms are coming with different propositions from vehicles of payment or investment assets. This has trimmed Bitcoin down to ?just another virtual currency?.
January 14, 2019 6:01 PM

India continues war against crypto: Now threatens to close bank accounts of Bitcoin holders.
Home » India Has Waged a Successful War Against Bitcoin The Reserve Bank of India (RBI) and India?s Supreme Court have waged a successful war against cryptocurrency. In Jan 2018, banks across India began suspending accounts of Bitcoin exchanges. They also penalized these accounts with higher fees and limits on withdrawal amounts. The Indian government issued warnings against investing in digital currencies. By March 2018, numerous Indian crypto exchanges had halted operations. Now, account users must confirm that they will not use their accounts for cryptocurrency transactions. The RBI is India?s central bank and has emerged as one of cryptocurrency?s most powerful enemies.
January 14, 2019 5:57 PM

How to Generate a Bitcoin Vanity Address
You don?t have to be vain to want a vanity address. A bitcoin vanity address is the crypto equivalent of a personalized license plate, with a portion of its 26-35 alphanumeric characters closely mirroring the name of the wallet?s owner. For fundraising, collecting tips or soliciting donations, having a bitcoin address that?s synonymous with its owner can be advantageous, despite the privacy trade-off this entails. Also read: Newspaper Ad Seeks Donations for Bitcoin Baby?s College Fund If you?ve been involved with Bitcoin for a while, you?ve likely encountered a vanity address at some stage. While perusing a blockchain explorer and inspecting the outputs for a particular transaction, for example, you may have spotted an address whose combination of characters looks to be more than just a coincidence. In a report on the U.S. government ?blacklisting? bitcoin addresses, for example, noted some of the addresses that had been sending funds to one Iranian-controlled BTC account:
January 14, 2019 5:55 PM

Mining Bitcoin and the Top 10 Cryptocurrencies in 2019
BUY & SELL CRYPTOCURRENCY on a TRUSTED EXCHANGE in SOUTH AFRICA Trade Cryptocurrency on Today Cryptocurrency mining happens everywhere and has now become a mainstream industry. Governments all over the world produce their own currency. Miners fulfil this function in the cryptocurrency world. South Africa uses the Rand (ZAR) and the United States uses the US Dollar (USD). People usually exchange fiat currencies for either investment purposes and for overseas transactions. This is usually costly as fees go straight to the bank as a service charge. Nowadays, money can be generated from home and sent in an instant using the internet and online banking. Cryptocurrency mining and crypto, in general, has changed the way that money works for the average user. As a result, the financial sector decided visiting banks was an inconvenience, and drifted toward using online beneficiaries.
January 14, 2019 5:23 PM

"Bitcoin: Gettin' Trendy with Support & Resistance" by trader StrivingYogi published January 14, 2019
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January 14, 2019 5:15 PM

Bitcoin braced for a STORM as rival Ethereum set for MAJOR hard fork THIS week - Express
The last time a leading altcoin forked it sent bitcoin into a downward spiral and created weeks of market volatility. That was early November, when Bitcoin Cash split to Bitcoin SV and Bitcoin ABC. Bitcoin had been holding steady throughout 2018 at a reasonably constant $6,500, but the BCH hard fork appeared to trigger a volume chasm that sent BTC plunging. A hard fork occurs when a radical change needs to be made to a cryptocurrency?s underlying technology ? blockchain. It is a permanent deviation from the previous blockchain meaning that anything on the old version cannot be accepted by the new.
January 14, 2019 5:10 PM

Twitch Streamer Receives 20 Bitcoins (BTC) in Donations While Playing Runescape
A video gamer and Twitch streamer called Sick_Nerd received a whopping $73000 worth of Bitcoin in donations when he was playing the game Runescape. Sick_Nerd was live streaming on January 11th as usual when all of a sudden he received 20 Bitcoins in donations. When he converted it into the Dollar amount it was worth approximately $73,000 which at first he thought was a prank of some sort. However later he realized that when a donation is made in Bitcoin it is hard to fake it, unlike PayPal donations which are known to be fake sometimes on Twitch. Thank you to my mysteriously benefactor whoever you are, genuinely a life changing amount of money that I or nobody deserves but look what happened. Crazy
January 14, 2019 4:42 PM

Which Central Bank Will Be the First to Keep Bitcoin in Its Reserves
In 2017, when at one point Bitcoin jumped to $20,000, CEO Peter Smith made some huge economic ripples claiming that in the following year, central banks across the globe will start holding crypto as just another form of reserve currency. With that following year coming to its conclusion without much certainty on whether or not Smith?s claims have been actualized, we cannot but wonder if central banks will start holding reserves in bitcoin and if yes ? which bank will be the lead? It?s been a while since cryptocurrencies were labeled as controversial. In this new context, however, which suggests not only that Central Banks will start holding digital currencies in the nearest future, but also that decentralized money could soon become centralized, cryptos are labeled as polarizing.
January 14, 2019 4:40 PM

Winklevoss Twins see Bitcoin surpassing gold market cap - with the right regulations in place
In a discussion with Fortune this week, Tyler and Cameron Winklevoss expressed their belief that Bitcoin could overtake gold?s place in the market ? should the right regulatory environment emerge. The Winklevoss twins are, of course, major players in the current cryptocurrency landscape. The pair was previously reported to be the world?s first ?Bitcoin billionaires.? Together, they own Gemini, a cryptocurrency exchange. It is no secret that the Winklevoss twins are champions of regulation. Headquartered in New York, Gemini is often advertised as an outwardly regulatory-compliant crypto exchange. In fact, their recent ?Revolution Needs Rules? campaign echoed this sentiment with a full-page ad in the New York Times.
January 14, 2019 4:05 PM

The Bitcoin Whales Are Back, Traders Should Expect Increased Volatility
A recent report by Bloomberg is pointing towards the resurgence in long-dormant accounts in Bitcoin that are rising up from their slumber. The volatility of Bitcoin has a huge effect on the wider cryptocurrency market. As volatility in BTC has increased again recently Bloomberg is now reporting that more dramatic price movements could be ahead of us. According to Bloomberg, Bitcoin whales are resurging once again after being dormant for a long time, and it?s this ?whale? activity that could lead to increased volatility. It began in October last year, when a large number of Bitcoin holders who had been dormant for anywhere between six months and over 2 ½ years, started moving their coins.
January 14, 2019 4:05 PM

Russia plans $10 Billion Bitcoin investment... so it begins.
Russia is preparing an investment in Bitcoin to replace the US dollar as a reserve currency in a bid to tackle US sanctions, according to a Russian economist with close ties to the Kremlin. Vladislav Ginko, an economist at the Russian Presidential Academy of National Economy and Public Administration, a state-funded institution, said the government is taking steps to minimise the impact of US sanctions that have hit the Russian rouble by replacing some of its US dollar reserves with the world?s most popular cryptocurrency. US sanctions on Russia over the past year have come after the poisoning of former Russian military officer Sergei Skripal. Mr Ginko believes Russia?s de-dollarisation decision is fundamentally a move to ?protect its national interests? due to a possible interruption of ?US nominated payments flows for Russian oil and gas? and claims investment could be as much as $10bn (£7.8bn). 
January 14, 2019 4:04 PM

Documents obtained & verified show massive surge in Russians buying Bitcoin from OTC broker
Micky can reveal the stunning figures following a world exclusive report, in which high-profile Moscow-based Economist, Vladislav Ginko, told the website he believes the Kremlin is about to start transferring billions of USD reserves into Bitcoin ? in order to soften the impact of new US sanctions. Australian-based cryptocurrency OTC (over-the-counter) brokerage service, Lupo Toro, has clients based in all corners of the globe. Historically, the number of orders placed from Russia has been relatively low. That changed dramatically last month. has obtained copies of Lupo Toro?s most recent Eurozone OTC trading reports.
January 14, 2019 4:04 PM

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The Latin AmericanP2P crypto markets have a seen a significant spike heading into 2019, with the Colombian, Peruvian, and Venezuelan Localbitcoins markets posting record volume when measuring in both fiat and BTC.
The Latin American peer-to-peer (P2P) cryptocurrency markets have a seen a significant spike heading into 2019, with the Colombian, Peruvian, and Venezuelan Localbitcoins markets posting record volume when measuring in both fiat and BTC. The Argentinian, Dominican, and Mexican markets also posted record volume for P2P trade in recent weeks. Also Read: 9 Cryptocurrency Firms Sue Washington State Utility Over 50 Percent Rate Hike Despite a steady decline in global Localbitcoins volume during recent weeks when measuring in fiat currency, several Latin America P2P markets consistently posted record trade activity heading into the new year.
January 14, 2019 3:17 PM

Bitcoin will still bite the dust
Kevin Dowd, Professor of Finance and Economics in the Business School at Durham University, stands by his 2015 paper predicting the failure of the #1 digital currency. A recent article by CoinDesk discusses research by an economist that suggests Bitcoin cannot survive long term, due to two key factors.   Kevin Dowd reached his conclusion back when the price of bitcoin was less than $400 ? but he stands by it now, more than 3 years and 10x in price later. ?My reasoning is based on two simple economic arguments. The first is that the bitcoin mining industry is a natural monopoly and a natural monopoly undermines bitcoin?s core value proposition. The second is that in markets with zero regulatory entry barriers, an inferior product cannot survive long-term. Either of these arguments is sufficient to produce my conclusion that the price of bitcoin must go to zero in the long term.?
January 14, 2019 3:04 PM

Crypto Analysis: Market Turns Bearish, Bitcoin Nears 2018 Historic Lows
The weakness in the crypto market deepened as the market approached the weekend, with the total market cap is now below the $120 billion. The market seems to be losing momentum and the downtrend should continue for a longer period of time than expected. I think this year?s rally will be fuelled by some strong regulatory measures that will clear the air on Bitcoin?s legal status and other cryptocurrencies. Bitcoin during the last week has reached towards the $3,500 level and is currently witnessing some buying from the lower levels, trying reach towards the $3,800 level. Bitcoin in the next several sessions likely to consolidate between the $3,200 and $3,500 level, $3,500 to $3,800 level and $3,800 and $4,000 level.
January 14, 2019 3:03 PM

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