Bitcoin News (BTC) - Page 85

Trace Mayer thinks institutional money is still to arrive in Bitcoin
According to Bitcoin OG Trace Meyer, of the $110 trillion of global institutional assets under management, institutional investors have only put $5-7 billion into Bitcoin or crypto. Trace took to Twitter to claim that the vast majority of capital allocated into the crypto asset class today has come from the retail market. Essentially no capital allocated to #Bitcoin or crypto-currencies. Empty infinitely expandable wealth storage vessel to absorb capital flows. As sterile asset, $BTC price increase is wealth transfer from other assets. A black hole on the world's balance sheet. Will be legendary.
January 09, 2019 5:08 PM

Bitcoin's Transaction Fees at a Record Low
Bitcoin?s high transaction rate was one of the main reasons crypto enthusiasts started drifting away to altcoins. According to data by, Bitcoin fans can finally rejoice with the transaction fees having a really low transaction fee. According to the graph above, transaction fees were skyrocketing high in the month of December 2017. For example, December 22nd was seen to record 985 satoshis/byte for the next block. Fees for the next block is described as the fee to having a transaction mined on the next block which is estimated to be 10 minutes. A satoshi is defined as the smallest unit of Bitcoin, equivalent to 0.00000001 BTC.
January 09, 2019 4:56 PM

Why Neutrino protocol is a big deal for Bitcoin
When it comes to light wallets, compromise is often the best descriptor. While many light wallets are easily accessible and offer some degree of security, they lack the privacy and security features that full nodes benefit from. As it stands, most Bitcoin clients strive to offer a simple user interface in order to reduce the barrier to entry for most users. Unfortunately, great usability often comes with several significant trade-offs ? including reduced security ? while also risking exposure of your private information if they are hacked, bought-out, or simply go rogue. Besides this, those looking to interact with the lightning network are usually required to run a full Bitcoin node ? which essentially means downloading the entire Bitcoin blockchain, which stands at ~200GB in size. This is practically unfeasible for most mobile devices.
January 09, 2019 4:44 PM

France Starts Selling Bitcoin At 6 Tobacco Shops - 6,500 Locations By Next Month
Reading: France Starts Selling Bitcoin At 6 Tobacco Shops ? 6,500 By Next Month Esther Kim | Jan 09, 2019 | 08:00 Esther Kim | Jan 09, 2019 | 08:00 An initiative to sell Bitcoin (BTC) in France?s 24,000 tobacco kiosks has tentatively launched despite votes of no confidence from the central bank and other sources. As Reuters reported January 8 quoting organizer Adil Zakhar, six ?Tabac? shops in Paris began offering prepaid Bitcoin cards this week, with plans to roll out the scheme in rapid fashion to over 6500 as soon as next month. ?Some people find it complicated to get bitcoins online,? Zakhar told the publication.
January 09, 2019 4:03 PM

Russia Could Start a Bitcoin Bull Run as Early as February 2019
Advertise with Us Jobs at BTCManager BITCOIN PRICE: 4,035.42     HIGH: 4,112.00     LOW: 3,948.44 At BlockchaInvest, international blockchain companies and crypto projects looking to raise capital meet local investors and fund managers in a? Don't miss out on the latest news Get BTCMANAGER delivered right to your inbox January 9, 2019 11:00 by Priyeshu Garg A Russian economist believes that the impending U.S. sanctions against Russia will force the country to start diversifying its reserves with Bitcoin as early as February 2019, Micky reported on January 8, 2019. The bear market that has persisted in the crypto industry since November 2018 might be coming to an end sooner than anticipated, as sources claim a bull market could start as early as February 2018.
January 09, 2019 4:01 PM

World's 23rd Richest Person Invest into Bitcoin through Bakkt
Bitcoin, the cryptocurrency market and the blockchain industry is something that for a very long time, investors steered clear off. But in the past two years, we?ve seen that notion flip. Post the 2017 December bull, in which Bitcoin set its all-time high at nearly $20,000 USD, it caught a lot of people?s eye. The reason being that no other stock option in the traditional market would ever be able to give them that kind of return. With Bitcoin soaring to newer and greater heights by the end of 2017, many people got involved in the cryptocurrency market. And by extension, the blockchain industry that surrounds it.
January 09, 2019 3:57 PM

Bitcoin Headed for a Big Boost from Chinese Demand
Bitcoin (BTC) might be struggling in the market from the growing competition from Altcoins but there is still hope that the coin will soon beat the $4,000 resistance hurdle.   BTC has terribly missed the price support it anticipated in 2018 but the sparkle is in the horizon courtesy of Chinese demand. Expectations were high last year that a push from institutional investors would make a digital asset market a better place to stake on, but that was a mirage. Investors have been eager to cash in on the institutional push due to Bitcoin adoption but their aspirations are still on hold. In a recent survey, China comes out as the current leader in Bitcoin and to a larger extent; altcoin interest. Many Chinese are ready to invest in Bitcoin now and in the coming future. This could come at a time when the coin has been struggling for the better part of 2018.
January 09, 2019 3:52 PM

Japan's Financial Regulator Denies Interest in Bitcoin ETF
Japan?s Financial Services Agency has denied that it is considering to allow Bitcoin exchange-traded funds (ETFs). Japan?s Financial Services Agency has denied reports that it is considering to allow Bitcoin exchange-traded funds (ETFs) Japan?s Financial Services Agency (FSA) has denied that it is considering allowing Bitcoin (BTC) exchange-traded funds (ETFs), Cointelegraph Japan reports Jan. 9. As Cointelegraph reported Monday, Bloomberg has recently published an article claiming that Japan?s FSA is considering the approval of a Bitcoin ETF, citing an anonymous source. Following the reports, Cointelegraph Japan has contacted the regulator, and the FSA?s representatives have denied Bloomberg?s claims, stating:
January 09, 2019 3:11 PM

Gold Reserves to Bitcoin Reserves: Nick Szabo on Crypto in 2019
Please check your inbox for our authentication email. Thank you for registering to Finance Magnates. Please open the email we sent you and click on the link to verify your account. This Tuesday, as grey clouds hung over the skies of Tel Aviv and rain crashed on to the skyscrapers below, over a thousand people headed to the first Israel Bitcoin Summit. Front and centre at the event, which was held at Tel Aviv University, was Nick Szabo, an early pioneer in the blockchain space and a man many believe could actually be Bitcoin?s anonymous founder, Satoshi Nakamoto. Via a lengthy presentation, Szabo outlined the history of currencies and examined parallels between different forms of cash that were used in the past and the current development of cryptocurrency as a medium of exchange.
January 09, 2019 2:52 PM

Russia On The Verge Of Investing $10b In Bitcoin
New reports came out earlier this week claiming that the world?s 12th largest economy is on the verge of investing $10 billion into the leading cryptocurrency, Bitcoin. The rumours have come from a Russian economist and lecturer at the Presidential Academy of National Economy and Public Administration in Moscow. Vladislav Ginko has said that the United States sanctions are forcing Russia to diversify. Speaking to the Australian cryptocurrency outlet Micky, Ginko said that he believes Russia doesn?t have any other option: ?US sanctions may be mitigated only through Bitcoin use. Because of US sanctions, Russia?s elite is forced to dump US assets and US dollars and invest hugely into Bitcoins. The Central Bank of Russia sits on $466 billion of reserves and has to diversify in case there is limited opportunities to do it.?
January 09, 2019 2:38 PM

Bitcoin Price Faces Minor Pullback as Indecision Creeps into Market
With the bitcoin (BTC) market showing signs of indecision, prices could soon retreat back below $4,000. The world?s largest cryptocurrency by market capitalization witnessed two-way business yesterday before ending largely unchanged on the day (as per UTC) at $3,995 on Bitstamp. Worryingly for the bulls, BTC created a doji candle on Tuesday ? widely considered a sign of indecision in the market ? even though a bull flag breakout, witnessed yesterday, had seemingly set the stage for a move above $4,300. Notably, the candlestick pattern appeared at the top of the recent recovery rally and near crucial resistance above $4,100, representing bullish exhaustion.
January 09, 2019 2:08 PM

Yellow Vest Protestors in France plan to Initiate a Run on the Banks, What does it mean for Bitcoin
The anti-establishment protests by gilets jaunes or ?Yellow Vests? have gripped the country for over seven weeks, the latest reports suggest that the protestors are planning a bank run to collapse the Euro currency system. The French protests began in November as a revolt against rising prices of fuel by the Elitist President Macron. But the protests are not just about rising prices they also represent the distaste of French citizens against the inflations rates, endless money printing and the policies by Mr.Macron. The daily Crusader reports that the protestors are planning a bank run where most of the civilians would withdraw funds from the banks. French boxer Nicolle Maxime took to Youtube to call for people to withdraw their funds from the banks.
January 09, 2019 2:05 PM

Gold bottomed, stock markets are crashing. Whither bitcoin
There?s been a lot of interest and skepticism around bitcoin as an uncorrelated or ?safe haven? asset. We?re about to find out who?s right. Up until a few months ago, there was a coherent narrative around bitcoin as an uncorrelated asset: one that acted independently of the global markets, and potentially more like gold ? a safe haven that wouldn?t react when stocks and bonds were crashing. That narrative was called into question at the end of 2018, as bitcoin?s slide from $6k coincided with wider turmoil on the markets. Tech stocks in particular were taking a beating, driving the major indexes lower. And, since bitcoin has become more and more popular among regular traders, it should come as no surprise that it was starting to be treated more as a ?risk off? asset ? that is, one you only buy when you?re feeling flush and willing to put some cash into a more speculative play.
January 09, 2019 2:01 PM

Gold Backed Crypto Exchange Offers Safe Haven for Crypto Investors - Today's Gazette - Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News
GOLD.IO Seeks to Develop Decentralised & Self-Regulating Community Exchange. Turbulence in the global markets is nothing new but the cryptocurrency community has faced an unprecedented 18-month period of flux. The need for a fully decentralised, stable, self-regulated and community-led exchange that can offer investor confidence amidst a chaotic global economy has never been stronger. With a scalable inter-blockchain and decentralised exchange the GOLD.IO platform is not only self-regulated and led by its stakeholders, but asset linked ? offering exchange investors unrivaled portfolio security. Gold has always set the market standard and has benchmarked traditional finance for centuries, so why should the cryptocurrency market be any different?
January 09, 2019 1:49 PM

John McAfee, Tim Draper, Joseph Stiglitz, the Winklevoss twins which of these bitcoin price predictions do you trust the most
Last year was an extremely turbulent one for bitcoin (BTC). We saw an 84 percent fall in BTC?s price, from the all-time high of nearly $20,000 to a low of $3,200. Of course, we expect fluctuations in the crypto market, with prices often rising or falling up to 30 percent in a day. That?s why bitcoin price predictions tend to focus more on the long term. Indeed, many famous people have made bitcoin price predictions recently. John McAfee, Jameson Lopp, and even the Winklevoss twins have made some very interesting statements about how far BTC can go. Bitcoin has always been volatile. Since it arrived on the scene in 2009, the cryptocurrency?s price has risen and fallen many times. BTC?s value plummeted in 2018, with some particularly bad losses in the last few weeks of the year. However, with demand set to increase, many experts believe that BTC is long overdue for another bull run. This could happen soon, or we might have to wait for the block reward halving in 2020.
January 09, 2019 1:45 PM

Why This CEO Believes Bitcoin Can Go Both Ways
One thing that we all know is that the leading cryptocurrency Bitcoin has a lot of potential in terms of its value. Either that or it could plummet horribly and the crypto bubble bursts once and for all? but let's pray it doesn?t get to that. The founder of Mill Value Partners in Maryland, Bill Miller has said something similar in a recent interview he had with CNBC. ?I like bitcoin because it?s not correlated with . It does have the potential to be worth a lot, and the potential to be worth zero.? According to CCN, Miller has claimed that he isn?t a bull but instead a Bitcoin observer. Despite this, he has a rich history with the leading crypto as back in December 2017, Miller made the headlines after he invested $1 billion of his companies assets in Bitcoin during the height of the market. I wouldn?t like to see his wallet now?
January 09, 2019 1:35 PM

"Bitcoin is a free speech money" , Gab urges 850,000+ users to use Bitcoin
After being banned by Coinbase, free speech website Gab has shifted to offline cheque collection to accept orders for Gab pro for running the social network. Gab?s founder has been pro Bitcoin ever since the censorship issue started with Gab. In his latest move, he explains the Bitcoins to all the Gab active users. If you want to support alternative media, your favorite content creators, and free speech on the internet you are going to need to learn about Bitcoin. Bitcoin is free speech money no bank, no corporation, and no government can stop you from sending and receiving Bitcoins. Bitcoin cannot be censored by anyone.
January 09, 2019 12:53 PM

Bitcoin Price Watch: BTC Buyers Not Out of Woods Just Yet
by themerklenews | Jan 9, 2019 | Cryptocurrency News | 0 comments Bitcoin price traded to a new weekly high above $4,100 against the US Dollar. BTC is correcting lower, but dips remain supported above $3,940 in the near term. Yesterday, we discussed about a couple of important supports near $3,940 for bitcoin price against the US Dollar. The BTC/USD pair did correct lower recently, but it found support near $3,940. Later, the price recovered nicely above $4,000 and the $4,050 levels. Buyers even breached the last swing high at $4,084 and a new weekly high was formed at $4,113. However, buyers failed to retain strength, resulting in a drop below $4,080.
January 09, 2019 12:39 PM

Bitcoin Lightning Wallets Raise The Bar
The latest in user-friendly Bitcoin Lightning Wallets such as the likes of Bluewallet are set to bring in a revolutionary change to the future of crypto payments. Users are now able to send and receive Bitcoin Lightning payments right from their mobile devices. Raising The Bar: Bluewallet now offers invoice generation as well the receiving of Lightning Network payments directly to mobile devices. On the other hand, Wallet of Satoshi is yet another recently launched user-friendly mobile app which is targeted at the Australian market down under which already boasts similar functionality to that of Bluewallet. With a bunch of other newly-released LN wallets currently making waves in the crypto arena, Bluewallet and Wallet of Satoshi are the most user-friendly and easiest to get started with, due to their simple functionalities. Australians can use Wallet of Satoshi to send BTC via Lightning Network to pay bills and buy products and services from participating merchants across Australia. Together, these two ?parent-friendly? wallets are paving the way for making it easy to send and receive payments. Furthermore, just when you thought it couldn?t get even better, these transactions can be as small as a fraction of cent, and that is just downright revolutionary! But why? Let us tell you. Online Micro-Transactions Are Now Viable: Can anyone remember Changetip? Found back, six years ago in 2013, this app enabled BTC users with the ability to send microtransactions across many social media platforms. Unfortunately, it was short lived as the service just wasn?t economically viable. Added to this were on-chain transaction fees and painful confirmation wait times and this made the overall user-experience especially inconvenient, more so when sending smaller amounts. The service was finally shut down in 2016 when Airbnb acquired it. Enter 2019, and now these aforementioned wallets might just be the resurrection for this concept as transactions currently are instantaneous with almost zero cost with LN payments. Tippin is one of these promising applications for the future of online micro-payments which is similar to ChangeTip but harnesses LN payments instead for better user experience. Meanwhile, another similar service is currently being utilised on the front page of the internet IE Reddit, known as the LN tipbot; it allows anyone on the platform to tip using simple text commands. Yes we know, the functionality is still very much in the teething phase, but the advent of bidirectional and easy-to-use Bitcoin LN wallets now allows users to cash in their tips directly to their mobile devices in mere seconds. Could This Mean Bitcoin Will Scale Beyond Visa? The arrival of these next-gen mobile wallets gives us a unique peek into the possible future of online payments. Of course, there are some notable issues, such as the inability to withdraw sathoshis from the LN wallet to one?s on-chain BTC wallet, but this feature will be added to Bluewallet soon. While we wait for this to happen, the Lightning Network is growing at a lightning-fast rate (see what we did there?) and currently sports over 5000 nodes with well over $2 million USD in capacity. This additional layer which is forming on top of Bitcoin is set to become to the undeniable future of fast and cost-effective online payments while also potentially making altcoins, which were designed to be faster and cheaper, obsolete. Prior to the LN, as we know, Bitcoin could only handle a measly seven transactions per second (tps), which many argued would ultimately mean it could never compete with the likes of traditional institutions such as Visa which can process up to 45,00 tps. However, Bitcoin?s LN promises to handle millions of transactions per second as well as the arrival of sending amounts as small as that of a fraction of a penny. We certainly think that this will ultimately elevate the Bitcoin adoption rate going forward. In addition to this, the possibilities of this technology could be revolutionary in a myriad of other ways. What are your thoughts on the LN network and the advent of Bitcoin Lightning wallets? Let us know by leaving a comment below.
January 09, 2019 12:13 PM

The 23rd Richest Man in the World Just Invested in the Upcoming Crypto Platform Bakkt
From a big league investment in the future of Bitcoin and cryptocurrency to the first bank to utilize XRP, here?s a look at some of the stories breaking in the world of crypto. The 23rd richest man in the world is investing in the Bitcoin and cryptocurrency platform Bakkt. Hong Kong billionaire Li Ka-shing invested in the upcoming cryptocurrency exchange, which is backed by the parent company of the New York Stock exchange, through his venture capital firm Horizons Ventures. According to the yearly billionaires list published by Forbes, Li Ka-shing is worth about $34.9 billion. Bakkt is pushing to launch physically-backed Bitcoin futures in the first quarter of this year, along with an institutional-grade regulated exchange, clearing and warehousing services for physical delivery and storage.
January 09, 2019 11:13 AM

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