Bitcoin News (BTC) - Page 71

The North American Bitcoin Conference Will Feature Industry and Thought Leaders in the Space
Welcome To Miami! The North American Bitcoin Conference is back in sunny South Florida. From January 16 to 18,, cryptocurrency enthusiasts from all over the world will gather to hear keynote speeches from some of the top thought leaders in the space. A few of the names on the agenda this year are Brock Pierce (EOS, Blockchain Pioneer), Craig Sellars (Tether), Patrick Byrne (Overstock), Chris Housser (Polymath), and Phillip Pieper (Swarm). The event will take place in the James L Knight Center, which is right in the heart of Downtown Miami and minutes away from the beach. There are a number of after parties and networking events scheduled throughout the city including The Miami Monster Digital Securities Event at the Epic Hotel and a kick-off party at the swanky Clevelander Hotel on South Beach.

Tron Can t Handle Bittorrent's Transaction Volume, Former Exec Claims - Bitcoin News
Simon Morris, who was Bittorrent?s chief strategy officer until July 2018, has expressed his doubts about the capability of the Tron blockchain to process the vast number of transactions that the popular file-sharing platform will demand. Morris believes there?s more marketing than technology behind the launch of the new crypto token. Also read: Iran Labels Telegram?s Coin a Threat to National Security Bittorrent is planning to become one of the first projects to offer its coin on Binance Launchpad, a platform developed by the leading cryptocurrency exchange to facilitate fundraising. The upcoming launch of the Bittorrent Token (BTT), a digital coin based on the Tron protocol, has delighted Tron investors who saw the price of TRX jump from around $0.02 to over $0.03 in the week following the announcement. It has since dropped to almost its previous level.
January 12, 2019 5:55 PM

Bitcoin History Part 8: When 1,500 BTC Cost Less Than $1
How much is one bitcoin worth? In fiat currency terms, that?s a constantly shifting answer, but ever since the beginning, the following has held true: one bitcoin is worth as much as the buyer is willing to pay. Today, that?s likely to be a few thousand dollars, but back in the day, the reverse was more likely to be true: for one dollar, you could buy several thousand bitcoins. Also read: Bitcoin History Part 7: The First Major Hack Once an asset has a universally agreed exchange rate, tracking its rising and falling price thereafter is a simple matter. But when no one?s really sure what the market is willing to pay for an emerging asset, it can be hard to reach consensus on valuation ? especially when there are no exchanges to facilitate price discovery. This was the dilemma that early Bitcoin adopters faced in early 2010.
January 12, 2019 5:23 PM

Banks in India: Don't Touch Bitcoin Or Your Accounts Will Be Closed
Reading: Banks in India: Don?t Touch Bitcoin Or Your Accounts Will Be Closed Osato Avan-Nomayo · @3rdPesinSingula | Jan 12, 2019 | 09:00 Osato Avan-Nomayo · @3rdPesinSingula | Jan 12, 2019 | 09:00 Reports on social media indicate that banks in India are threatening customers that deal in Bitcoin and other cryptocurrencies with the closure of their accounts. This move is the latest salvo from the banking industry in a country where cryptos seem all but banned. On Friday (Jan. 11, 2019), Morgan Creek founder and partner, Anthony Pompliano published a tweet culled from sources in India about the latest move by banks in India to prevent Bitcoin trading. According to the tweet, banks sent out warnings telling their customers not to deal in cryptos or risk the closure of their account.
January 12, 2019 5:02 PM

Bitcoin Leggings
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January 12, 2019 4:59 PM

Today Marks The 10th Anniversary Of The First Bitcoin Transaction
The Beginning Of A New EraShutterstock Ten years ago, the first transaction involving bitcoin took place marking a new era for the global monetary system. The transaction took place between the pseudonymous creator (or creators) behind bitcoin, Satoshi Nakamoto, and Hal Finney, a U.S. software engineer and long-time cryptographer and cypherpunk. Finney is also one person many suspect as being Nakamoto. Illustrating his enthusiasm for it, Finney tweeted what is considered to be the first post about it 10 years ago: Since then the cryptocurrency market and the technology behind it, the blockchain, have grown to new levels, with the creation of new altcoins entering the space.
January 12, 2019 4:50 PM

Protestatars in France Planning a Bank Run to Collapse the Euro
If ever anyone wished they could turn back the clock it would be wildly unpopular and ?elitist? French President Macron. His decision to raise fuel tariffs in November has mushroomed and his country has succumbed to a wave of protests and violence the likes not seen since the 1960s. The yellow vests are everywhere and beyond causing chaos on the streets, it seems they?re now turning against the banks. So far in Paris, demonstrators have fist-fought with riot police, cars have been set alight, and monuments damaged. While the number of protestors has fallen slightly, their proliferation has not.
January 12, 2019 4:02 PM

Federal Reserve: Altcoins Drags The Price Of Bitcoin Down
The Federal Reserve Bank of St. Louise released an article saying that bitcoin has two potential futures. To grow indefinitely or to disappear. They think the outcome will be in-between. Predictions for bitcoin are released regularly, but the truth is that no one knows since not even the federal reserve can predict the future. Many industry leaders and investors are bullish when it comes to cryptocurrencies and bitcoin. Tim Draper predicts a price per bitcoin around $250,000 around the year 2022. Thomas Lee is a bit more modest and stated that fair future value would be around $150,000 per coin. However, he said that a fair value right now is over $13,000 per coin. Sonny Singh revealed that an approval of a bitcoin ETF is determined the value of bitcoin. He said that an ETF could bring the value of bitcoin back over $20,000.
January 12, 2019 3:52 PM

I m As Certain As Ever Bitcoin's Revolution Is Only Just Beginning
Tim Draper is a founding partner of Draper Associates and headmaster at Draper University. For more on bitcoin?s 10th anniversary, check out our new interactive feature Bitcoin At 10.  It wasn?t 10 years ago, but more like 15, when I first saw the potential for a digital currency. I?ve been through some big up and downs in bitcoin. But today, I?m more certain than ever that the bitcoin revolution is coming. In 2004, I learned from a wealthy Korean industrialist that people were paying real-world money for digital items like weapons to use in massively multiplayer video games. The game was ?Lineage,? which was taking Seoul by storm.
January 12, 2019 3:11 PM

NYU Economist Slams Bitcoin and Enterprise Blockchain in US Senate Testimony
Home » NYU Economist Slams Bitcoin and Enterprise Blockchain in US Senate Testimony American economist Nouriel Roubini has authored a scathing and dismissive paper on the topic of cryptocurrencies and distributed ledger technology ? claiming that their practical potential has been greatly misrepresented. Notably, the document is meant to serve as testimony at the hearing of the US Senate Committee on Banking, Housing, and Community Affairs. Nouriel Roubini is a professor of Economics at New York University?s Stern School of Business and widely regarded to be an expert on the global economy. He has also served as an advisor to the UN?s International Monetary Fund (IMF), World Bank, and the U.S. Federal Reserve.
January 12, 2019 2:17 PM

Bitwise Optimistic With First Bitcoin ETF Filing of 2019
Home » Bitwise Optimistic With First Bitcoin ETF Filing of 2019 While the Securities and Exchange Commission (SEC) is affected by the shutdown of the U.S. government, the first Bitcoin ETF application of 2019 has been filed. Bitwise Investments is the latest applicant for the right to list Bitcoin exchange-traded fund (ETF) shares on a trading exchange ? specifically, on the NYSE Arca. The 2018 year has seen several applications for an ETF, which were ultimately rebuffed by the SEC. Previous filings came from the prominent Winklevoss brothers, Proshares, Direxion, GraniteShares, and VanEck ? all suffering the same fate, bar the VanEck application, which is set to receive its final decision at the end of February.
January 12, 2019 2:15 PM

Bitcoin sitting closer to $4k, a Break-Even point for Miners
Home » $4,000 is Break Even Price for Bitcoin Miners Like the rest of the cryptocurrency world, Bitcoin miners have had a rough year. Some estimates state that, through November and December 2018, as many as 100,000 individual miners have shut down operations. The most likely reason for this is Bitcoin?s price drop over the past 12 months. Starting at nearly $20,000 USD, Bitcoin fell below $4,000 USD by November 2018. Except for a few fleeting days in December and January when prices crept above $4,000, it has stayed below that number since. Low miner network participation is one of the unfortunate ramifications of Bitcoin prices dropping and staying in this low range for an extended period of time. It is not financially viable for miners to continue mining Bitcoin below a certain profitability level.
January 12, 2019 2:11 PM

Dormant Bitcoin Wallets allegedly manipulating Crypto Market
The number of active Bitcoin wallets some of which have been dormant recently saw a sudden rise. More importantly, it can lead to major market movements , a bloomberg report notes. Bloomberg draws it?s findings from Flipside, a crypto analytics startup. The startup previously won the backing of famous crypto exchange, Coinbase. Additionally, it also garnered support from venture capital firm Digital Currency Group in November. Flipside notes that a large number of inactive Bitcoin holders have begun transferring their coins. These include holders who haven?t transferred their crypto assets for six to thirty months. Interestingly, they account for holding 60% of the coin?s circulating supply.

Summary of day 9 of Tour de Satoshi: Final score is 7:2 for Bitcoin as tomorrow I finally arrive in Frankfurt!
This day went by as smoothly as more than 100 km in snowy winter weather with many hills and cold feet can go. Arriving in Heidelberg, my bike was covered in ice chips and myself in wet clothing. Funnily enough, I found out that until today, it hadn?t snowed here at all; meaning that it snowed in the honor of my arrival! In fact, it had snowed so much today that the streets were covered in ice and snow but don?t let me paint the picture, the photos of my bike tell a better story. Believe it or not, these days of the tour are divided in two challenging chapters for me: first the 100+ km of cycling in horrible weather conditions and second the hotel search to pay in bitcoin. This time finding a hotel was more painful.
January 12, 2019 1:29 PM

Better Buy: Bitcoin Investment Trust vs
Bitcoin Investment Trust (NASDAQOTH: GBTC) vs. Treasury bills -- which is the better buy? Bitcoin is a highly volatile digital currency that is backed by no government, and will revolutionize the financial system, according to its ardent proponents. T-bills, short-term debt backed by the full faith and credit of the United States government, are a pillar of the established financial system -- arguably the ultimate risk-free asset.  The two assets are so dissimilar, the question might strike you as absurd, but stay with me and I think you'll find the contrast instructive. Bitcoin Investment Trust, which I'll refer to below by its ticker, GBTC, is an open-ended investment trust with an objective to reflect the price and performance of Bitcoin, minus fees (at 2% annually, these are significant, particularly for an index fund). GBTC invests only in bitcoins; when you purchase one share of the trust, you become the owner of 0.00098895 bitcoin (as of the end of December). Note that this fraction must decline over time, as the trust will regularly sell some of its holdings in order to pay itself its 2% "sponsor's fee."
January 12, 2019 1:27 PM

Bitcoin SV Price Surges by 10% as Bitcoin Continues to Stumble
There is still a lot of uneasy momentum across the cryptocurrency markets as of right now. Most of the top markets remain down, even though some of them have shown some signs of recovery along the way. Bitcoin SV, for example, is effectively gaining some value whereas the rest of the markets remain in a sort of deadlock. That in itself is rather interesting to take note of, although this may be a sign of how other markets will evolve. Although a lot of cryptocurrency users expected the Bitcoin SV excitement to quiet down now that Bitcoin Cash has clearly proven to be superior in terms of market cap, the reality is often very different. Although there is a clear price gap between BSV and BCH right now, it would appear the community supporting this latest forked currency is still in place as of today. As such, one has to wonder what the future will hold for this particular currency moving forward.
January 12, 2019 1:07 PM

Want to Know How Quickly Can You Acquire Bitcoin If You Quit Smoking Today - NullTX
The creators of ? a simulated cryptocurrency exchange for new and experienced crypto traders have developed a unique calculator that allows you to easily calculate how quickly you can accumulate one Bitcoin if you quit smoking today. According to the calculator, a smoker from the United States who smokes 1 pack of cigarettes per day would be able to buy Bitcoin with the money saved over 1 year, 4 months, 25 days after giving up the bad habit. This calculation is based on the current BTC market price of $3597.00 (at the time of writing this article). The calculator does not attempt to predict future Bitcoin price or account for the volatility of the asset. Please note that calculator allows you to enter your personal cigarette consumption (packs per day) to give a more accurate estimation based on individual smoking habits.
January 12, 2019 12:59 PM

Bitwise Bitcoin ETF Trust IPO Filing on NASDAQ
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January 12, 2019 11:39 AM

Mongolia's Cheap Electricity Draws Japanese Bitcoin Miners Seeking Profit
A combination of cheap electricity and cold weather has started to draw a growing number of Japanese bitcoin miners to Mongolia, a country sandwiched between China to the south and Russia to the north. Amid falling mining revenues in other regions of the world due to the current crypto bear market, companies that have set up shop in Mongolia have found they can still run profitable mining operations. Also read: China Announces New Regulations for Blockchain Companies to ?Promote Healthy Development? Tokyo-based e-wallet company Ginco is operating two mining farms in Ulaanbaatar, Mongolia?s capital city. One facility is located at an underground structure in a condominium complex .The company launched the business in October, a time when its peers throughout the world were considering winding down operations as a result of declining bitcoin prices, which rendered mining unprofitable.
January 12, 2019 11:31 AM

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