Bitcoin News (BTC) - Page 75

Bitwise: 2019 Will Be The Year A Bitcoin ETF Gets Approved
The crypto asset management firm Bitwise files for yet another bitcoin ETF proposal for Security and Exchange Commision (SEC) to review. The new proposal is fully compliant with the SEC?s regulatory guidelines. Exchanges have tried to make the dream of a bitcoin Exchange Traded Fund (ETF) reality, but no one has succeeded so far. The SEC has rejected all earlier attempts since the ETFs did not meet the regulatory framework among other reasons. According to the CEO of the crypto start-up Abra, SEC will not approve an ETF because it does not fit the industry norm. The SEC will approve, postpone or rejecting the ETF from VanEck and SolidX by February. However, The SEC commissioner Hester Pierce argued that an ETF could be approved tomorrow or it could take years. Lawyers are not very positive either. Jake Chervinsky, a lawyer at the Kobre and Kim law firm, suggested that it will not be approved. Chervinsky stated that the exchange-traded product as a concept is currently ?in trouble.? He expanded on the issue, arguing that the cryptocurrency market might not be ready for an ETF as of yet. The most recent statement from a lawyer was that an ETF would most likely not be accepted even though the US government is shut down.
January 11, 2019 4:59 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 11, 2019 4:42 PM

Bitcoin Bulls Ready For Battle: Here's Why
Premium Research and Analysis for Cryptocurrencies & FX The Conclusion for today?s Bitcoin Analysis: Price consolidating between $3683.30 and $3544.50 could give rise to a new bullish swing upwards that will see the price of Bitcoin close above $4384.0. The previous post for Bitcoin (which you can find here) discussed the formation of an inverted, complex Head and Shoulders pattern (or inverted, complex, Head and shoulders bottom) that had not yet being completed until price closed above ~$4,258.80 where the neckline for the pattern would be positioned. The price of Bitcoin is currently at support between $3,683.30 and $3,544.50 as indicated on the 1 hour timeframe chart. The bottom reversal pattern (inverted, complex, Head and shoulders) mentioned above can also still be monitored with a close above the neckline used as confirmation for a long (buy) position.
January 11, 2019 4:35 PM

Want to set up a Bitcoin full node and Lightning Network node Use Pierre Rochard's easy-to-use node launcher!
I wanted to write a guide about how to set up LND testnet and mainnet on macOS or Windows desktop or laptop. If you get stuck at any point in this guide (or after!) please contact me so that I can help you out. If any of this is not clear, please let me know so that I can improve it. This setup process will get easier and easier as each step gets automated one way or another. I?ll keep this guide updated as things change. Until neutrino matures on to mainnet ?real? Bitcoin, we?ll have to do a full sync of the Bitcoin blockchain, which means your computer will have to download and store 250+ GB of data from the internet. If you have a fairly recent computer (i5+ processor, 8+ GB of RAM), your internet speed will be the bottleneck in this process, not your computer. Here is a helpful chart to see how long it will take for you to download. To keep it under 3 days, you?ll want an 8+ Mb/second connection. If you are on Google Fiber, it?ll only take you 30 minutes. Yes, this is a big reason why there?s a lot of controversy about the block weight limit!
January 11, 2019 4:12 PM

Bitwise Asset Management Says 2019 Will Be the Year for a Bitcoin ETF As It Files New Application
Bitwise Cryptoasset Management firm has filed another proposal to SEC for a Bitcoin-backed ETF. The new application includes amendments which, according to the company?s representatives, lay the proposal fully compliant with SEC?s regulatory guidelines. Bitwise Asset Management announced on January 10 that it is seeking to launch a physically held Bitcoin ETF and for this purpose, it has filed an initial registration statement on Form S-1 with the Securities Exchange and Commission (SEC). The Bitwise Bitcoin ETF will be based on the Bitwise Bitcoin Total Return Index, produced by a subsidiary company, dubbed Bitwise Index Services, LLC.
January 11, 2019 3:44 PM

[Free Trainig] - Cashing Out On Bitcoin
*IMPORTANT: Earnings and Legal Disclaimers The buying and selling of Bitcoins and alternative cryptocurrencies has potential rewards, and potential risks involved. Due to extreme volatility you could lose some or all of your money. Never risk more than you are 100% okay with losing. Buying/selling Bitcoin and/or alternative cryptocurrencies may not be suitable for all people as the price can change massively in one day. Anyone wishing to buy/sell Bitcoin and/or alternative cryptocurrencies should seek his or her own independent financial or professional advice. ?If you?re relying on mass media with Bitcoin news, it?s already too late, it?s better to learn from people who know how to build life-changing fortunes from crypto ... it?ll minimize your risk.?*
January 11, 2019 3:32 PM

"Bitcoin is the world's first asset that benefits from its critics, makes fools of its hijackers & proves naysayers wrong even when they are right
-Bitcoin news, price, information & analysis It?s no secret that Bitcoin (BTC) is susceptible to ad hominem attacks from those who want to see it fail. Case in point, over the asset?s history ? relatively minuscule in the grand scheme of things ? has been lambasted time and time again by mainstream media, traditionalistic CEOs and regulators, and zealous cynics. And while attacks of similar caliber in different industries have killed traditional assets, the crypto world isn?t susceptible to those same rules, claims an industry research group. Bitcoin, in all its antifragile nature, profits from chaos, claimed ByteSize Capital in a recent Twitter thread into the asset?s underlying nature. The research consortium and private fund claimed that BTC is the world?s first asset that benefits from naysayers, due to the theory of antifragility, defined as a property in systems that bolster their defenses, even amid volatility, noise, stressors, and other shortcomings.
January 11, 2019 2:52 PM

I lost $1m on bitcoin
I got caught up in the hype. Then the bubble burst Fri 11 Jan 2019 10.00 GMT Last modified on Fri 11 Jan 2019 20.02 GMT Until 2016, I ran an advertising agency in London. At our peak, we were highly successful; I had a team of 35 people, a £3m turnover and a Covent Garden office. When the agency folded, I decided to invest in bitcoin. Bitcoin is a cryptocurrency, a type of electronic cash that allows people to spend or trade via a peer-to-peer network without the involvement of banks or other intermediaries. It is a cheap, efficient way of transferring funds or holding value, which can be converted back into sterling at any time. I had used it before to buy treatment online for my mother after she was diagnosed with cancer. I had also dabbled with investing in it in 2013, and made and lost some money: bitcoin is prone to sudden fluctuations in value. But the market seemed to have moved on, and I decided it could be a good way to make some profit on my savings.
January 11, 2019 2:51 PM

Top 5 Bitcoin Exchange Affiliates To Look Out For In 2019
We Speak about Blockchain development, Cryptocurrency & Fintech news.. Cryptocurrency Exchange Affiliate programs allow Bitcoin or Cryptocurrency enthusiasts to earn an incentive by ensuring traffic to the web platform of the organizing Cryptocurrency Exchange. Every affiliate is given a Referral Code which they can share with new joiners. Each time a Referral Code is used, the affiliate gets a commission- the bigger the trade, the greater the incentives. Ranging anywhere from 20% to 40 % in payout values, here are the top five Cryptocurrency Exchange Affiliate program organizing platforms to look out for.
January 11, 2019 2:32 PM

Bitcoins Difficulty Target and Adjustment: Complete Guide
Cryptocurrency News & Your Guide to the Blockchain Economy Considering the extended bear market throughout 2018 and the financial stress it has placed on miners in Bitcoin, it is pertinent to look at Bitcoin?s difficulty adjustment and how it plays a vital role in the economics of the legacy cryptocurrency. Bitcoin?s difficulty adjustment is one of its most essential features. Bitcoin?s mining difficulty target had been dropping consistently since October 2018 until it rebounded at the end of December, where it currently resides until the next adjustment in a few days. Bitcoin?s difficulty target is a 256-bit number that is adjusted every 2016 blocks (~2 weeks) based on the time it took to mine the previous 2016 blocks. The difficulty algorithm attempts to produce a block roughly every ten minutes and is proportionately modified by Bitcoin clients every two weeks to the amount of time higher or lower than it took to mine the previous 2016 blocks.
January 11, 2019 2:23 PM

Gab Promotes Bitcoin as 'Free Speech Money' to Over 850,000 Users
Gab, a purportedly uncensored social media microblogging platform, has recently revealed it sent its over 850,000 users an email promoting bitcoin as ?free speech money? that?s censorship-resistant and allows for free speech to continue online. The organization?s email was sent in the wake of various high-profile online censorship cases, where alternative media personalities and platforms have been de-platformed. As Vice reported, last year saw crowdfunding platform Patreon ban the accounts of figures associated with the alt and far right. These figures included British YouTuber Carl Benjamin, known as Sargon of Akkad, political commentator James Allsup, and political activist and former Breitbart editor Milo Yiannopoulos.
January 11, 2019 2:19 PM

Indian Banks Force Customers to Promise Not to Use Bitcoin
Following new regulatory measures from the Reserve Bank of India prohibiting banks from providing services to cryptocurrency businesses, some Indian banks are taking drastic measures to discourage cryptocurrency adoption, reportedly requiring customers to sign contracts stating that they will not use cryptocurrencies of any kind as part of their new terms of service agreement. The new measures effectively force customers to choose between banks and crypto, perhaps a difficult decision for many supporters of the fledgling cryptocurrency movement. While many hope to see cryptocurrency overtake traditional banking entirely, the infrastructure to do that simply isn?t there at the moment, and actions such as these carried out by banks on a large scale only make it more difficult to foster adoption ? which, of course, is likely the point.
January 11, 2019 2:10 PM

Bitcoin Price Looks South After Worst Daily Loss Since November
Bitcoin?s (BTC) price saw its biggest drop for seven weeks on Thursday, weakening the prospects of a bullish breakout above $4,100. The world?s largest cryptocurrency by market value hit a 3.5-week low of $3,503 yesterday, before closing (as per UTC) at $3,627 ? down 9.4 percent on the day. That was the biggest single-day drop since Nov. 24 and the fourth biggest daily loss of the last two months, according to CoinDesk?s Bitcoin Price Index (BPI). Essentially, the hard-fought gains of the last two weeks have been erased in the last 24 hours. The cryptocurrency had carved out a bullish-higher low near $3,550 on Dec. 27 before crossing $4,000 on Jan. 6.
January 11, 2019 2:08 PM

Cryptocurrency Pundit Says Bitcoin (BTC) Could Fall Below $3,000
Respected Cryptocurrency pundit and CEO of identity platform Civic, Vinny Lingham has revisited his earlier short time prediction, but this time he said Bitcoin (BTC) price could fall below $3000. In a conversation with Financial news network Cheddar, Vinny who had made a prediction in the past that BTC could trade between $3,000 and $6,000 in the next few month, said the market is showing a sign of possible ?breakout or breakdown.? He said: ?The reality is it?ll probably trade sideways between $3,000 and $5,000 for another month or two while it?s trying to find which way to go.? ?When it finds that direction, there?ll be a breakout or a breakdown.?
January 11, 2019 2:08 PM

Is it a good idea to sell unused gift cards for bitcoins
Trading bitcoins for profit is something that most bitcoin traders do to their advantage. Not only can it connect traders together and allow them to work with different trade partners, but it can also enable them to earn a profit for their efforts! These platforms prove insightful as anyone can now learn the basics of trading bitcoins for beginners to their advantage! The presence of peer-to-peer marketplaces has also been instrumental in bitcoin trading as they bring in new, convenient, and innovative options for people to traders to use to handle their trades. In fact, one of the most popular payment methods that bitcoin traders use is gift cards!

Vinny Lingham Forecasts Bitcoin Price for Two Months Trading Between $3,000 and $5,000
Bitcoin could yet break below its 2018 bottom of $3,130, the Civic CEO has warned. After some sideways trading, lower lows could be in store for Bitcoin, warns Vinny Lingham Vinny Lingham, CEO of blockchain identity platform Civic, has revised down his short-term Bitcoin (BTC) price prediction on Jan. 11, telling financial news network Cheddar that the cryptocurrency could fall below $3,000. In an interview, Lingham, who had previously forecast BTC/USD to trade between $3,000 and $6,000 in the coming months, said the market would either ?breakout or breakdown.? ?The reality is it?ll probably trade sideways between $3,000 and $5,000 for another month or two while it?s trying to find which way to go,? he said, adding:
January 11, 2019 1:06 PM

Bitcoin In, Gold Out - The Future Of Commodities
Nick Szabo is a popular cryptographer who has recently said that Central Banks might resort to cryptocurrency reserves as a means of supplementing the national gold reserves. The industry expert also thinks that countries with troubled economies will see an increase in the usage of cryptocurrency. At the Bitcoin Summit at the Israel University of Tel Aviv earlier this week, Szabo spoke his mind on the cryptocurrencies and their position in traditional economies. In addition, Szabo says that Bitcoin will see an increase in demand in nations where the economy has been disrupted from failing financial ventures. Even in countries which have been blacklisted the worldwide trade will have the same occurrence.
January 11, 2019 1:05 PM

Pakistan Uses Blockchain Developed by $150B Alipay, But No Bitcoin
The government of Pakistan is reportedly using a blockchain platform developed by Alibaba?s Alipay. But, cryptocurrencies like Bitcoin remain banned in the country for payments. The initiative of the Financial Action Task Force (FATF) of Pakistan to utilize a blockchain application to combat money laundering demonstrates the typical ?blockchain not Bitcoin? narrative pushed by central banks and large financial institutions. Several months ago, Pakistan established a partnership with Telenor Microfinance Bank, a financial institution owned and operated by Alipay, a $150 billion fintech giant based in China that acquired a 45 percent stake in Microfinance Bank for $184.5 million.
January 11, 2019 12:54 PM

Amazon Doesn't Make Money in 20 years, Investors Don't Seem To Care
This is the first of a three-part series examining Amazon?s business model. On Thursday, we will probe the company?s labor practices, and on Friday we will explore the company's impact on small retailers.  So what's with Wall Street?s love affair with The company barely ekes out a profit, spends a fortune on expansion and free shipping and is famously opaque about its business operations. Yet, investors continue to pour into the stock, pushing up the company?s share price to $388, a nearly 400 percent rise since the end of the company?s third quarter in September 2008. At that time, Amazon?s net profit margin was 2.8 percent. By September 2011, that number fell to 0.6 percent. A year later, it was losing $274 million on net sales of $13.8 billion. And in the latest quarter, ended Sept. 30, the massive e-tailer reported a $41 million loss on $17 billion in sales. 
January 11, 2019 12:54 PM

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