remoteBitcoin.com : Bitcoin news and Domain names for sale

Providing Bitcoin-related news and Bitcoin domains for sale.

Please go to Buy This Domain to purchase these domain names:

BitcoinDeal.com, BitcoinCommerce.com, BitcoinGuns.com, BitcoinRetail.com, BitcoinRetailers.com, BitcoinSale.com, BitcoinSales.com, BitcoinTicket.com, BitcoinSellers.com, BinaryCoin.com, Bitcoin8.com, Bitcoin9.com, Bitcoinate.com, Bitcoing.com, Bitcoinize.com, Bitcoink.com, BitcoinU.com, Bitcoin4U.com, BitcoinUs.com, MegaBitcoin.com, OrBitcoin.com, Podcoin.com, CuBitcoin.com, Ramcoin.com, Pubcoin.com, Simcoin.com, TiBitcoin.com, Bitcoint.com, GigaBitcoin.com, SuperBitcoin.com, WeBitcoin.com, Bitcoin2Gold.com, Bitcoin2Silver.com, Bitcoin4Silver.com, silver2Bitcoin.com, silver4Bitcoin.com, silverBitcoin.com, BitcoinAccount.com, BitcoinAudit.com, BitcoinAuditor.com, BitcoinAudits.com, BitcoinBug.com, BitcoinBuyers.com, BitcoinCharge.com, BitcoinCheap.com, BitcoinClear.com, BitcoinCents.com, BitcoinDealers.com, BitcoinDimes.com, BitcoinHaven.com, BitcoinHedge.com, BitcoinLenders.com, BitcoinPip.com, BitcoinPledge.com, BitcoinRates.com, BitcoinSave.com, BitcoinSavers.com, BitcoinSavings.com, BitcoinSell.com, BitcoinSpread.com, BitcoinSwaps.com, BitcoinTicker.com, BitcoinTrend.com, BitcoinTrends.com, BitcoinWire.com, btcBanking.com, btcFund.com, btcTrades.com, cashBitcoin.com, CheapBitcoin.com, CheapBitcoins.com, clearBitcoin.com, deBitcoin.com, escrowBitcoin.com, escrowcoin.com, forexBitcoin.com, gold2Bitcoin.com, sendBitcoin.com, Bitcoinsure.com, Bitcoins4free.com, BitcoinBot.com, BitcoinBots.com, BitcoIntel.com, BitcoinCoder.com, BitcoinCoders.com, BitcoinDesk.com, BitcoinDev.com, BitcoinDns.com, BitcoinEmail.com, Bitcoinet.com, BitcoinHack.com, BitcoinHacks.com, BitcoinKeys.com, BitcoinLib.com, BitcoinLog.com, BitcoinLogin.com, BitcoinLogs.com, BitcoinPlugin.com, BitcoinServer.com, BitcoinSniffer.com, BitcoinTool.com, BitcoinTools.com, BitcoinAssist.com, BitcoinBackup.com, BitcoinCop.com, BitcoinCrypt.com, BitcoinConnect.com, BitcoinDonate.com, BitcoinDrop.com, BitcoinExperts.com, BitcoInform.com, BitcoinGuard.com, Bitcoinnect.com, BitcoinValet.com, BitcoinPolice.com, BitcoinCorp.com, BitcoinLaw.com, BitcoinMaker.com, BitcoinPad.com, BitcoinSearch.com, BitcoinService.com, BitcoinSpy.com, BitcoinStealth.com, BitcoinStorage.com, BitcoinStudy.com, BitcoinTest.com, remoteBitcoin.com, saferBitcoin.com, safercoin.com, fastBitcoin.com, BitcoinTrace.com, BitcoinTrack.com, quickBitcoin.com, simpleBitcoin.com, work4Bitcoin.com, Bitcointer.com, Bitcoinote.com, BitcoinLock.com, SatoshiNakamoto.com, BitcoinBlocks.com, BitcoinMill.com, Bitcoinomics.com, Bitcoinomy.com, Bitcoinism.com, Bitcoinist.com, BitcoinBetters.com, BitcoinUp.com, BingoBitcoin.com, BitcoinBidding.com, BitcoinBooker.com, BitcoinBookie.com, BitcoinBookies.com, BitcoinBookmaker.com, BitcoinCasinos.com, BitcoinGambler.com, BitcoinGamblers.com, BitcoinHall.com, BitcoinJoker.com, BitcoinLand.com, BitcoinPlace.com, BitcoinPlay.com, BitcoinPlayer.com, BitcoinPlayers.com, BitcoinPlays.com, BitcoinPrize.com, BitcoinWager.com, BitcoinWin.com, casinoBitcoin.com, BitcoinCity.com, pokerBitcoin.com, winBitcoins.com, BitcoinBrothel.com, BitcoinElite.com, BitcoinGirl.com, BitcoinGirls.com, BitcoinLadies.com, BitcoinVIP.com, BitcoinWomen.com, escortBitcoin.com, escortsBitcoin.com, MissBitcoin.com, BitcoinBook.com, BitcoinFan.com, BitcoinMag.com, BitcoinStudio.com, BitcoinMovie.com, BitcoinArmy.com, BitcoinChurch.com, BitcoinDown.com, BitcoinLight.com, BitcoinParties.com, BitcoinWars.com, BitcoinWave.com, HexCoin.com,

What is Bitcoin?

Bitcoin is a digital crypto-currency with no single point of failure due to its decentralized peer-to-peer architecture. The source code is publicly available and changes to the reference Bitcoin client are made via concensus within the community. Advantages of Bitcoin include irreversible transactions (i.e. no possibility of chargebacks as with credit cards), pseudo-anonymous, limited and fixed inflation, near instant transactions, multi-platform, no double-spend and little to no barriers to entry and more. It was created by an anonymous person known as Satoshi Nakamoto. Find out more at WeUseCoins.com.

Bitcoin Latest News

This RSS feed URL is deprecated

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Posted on 13 December 2017 | 10:54 am

Advertise with Anonymous Ads

Patrick Byrne Mulls Overstock Sale to Fund New Blockchain Venture

Overstock CEO Patrick Byrne has partnered with a well-known economist on a new blockchain land registry venture.

Posted on 13 December 2017 | 9:00 am

Bitcoin fever exposes crypto-market frailties - Reuters


Reuters

Bitcoin fever exposes crypto-market frailties
Reuters
Daniel Masters, founder of Global Advisors Bitcoin Investment Fund, worries the exchanges would struggle to cope if there were a sudden rush for the exit. “The ability of these platforms to handle volume is yet to be tested properly,” he said. “What ...
Bitcoin Exchange Says Platform Restored After Hack AttemptBloomberg

all 24 news articles »

Posted on 13 December 2017 | 8:49 am

Here Come the Bogus Bitcoin Scare Tactics - CoinDesk


CoinDesk

Here Come the Bogus Bitcoin Scare Tactics
CoinDesk
Unfortunately, these same people have never looked up the definition of "Ponzi scheme" or "fraud" because, even if bitcoin will fail or result in investors losing all their money, it does not meet the definition of either a Ponzi scheme or a fraud. Ely ...

Posted on 13 December 2017 | 8:07 am

How to give the gift of bitcoin this holiday season - Quartz


Quartz

How to give the gift of bitcoin this holiday season
Quartz
While some holiday shoppers might be ogling the Nintendo Switch or that perfect pair of jeans, savvy folk like you and I understand that deep down your friends and family are secretly hoping to unwrap the gift of a speculative, volatile investment ...

and more »

Posted on 13 December 2017 | 8:01 am

Here Come the Bogus Bitcoin Scare Tactics

Fear, uncertainty and doubt are dominating the media, but Overstock's Steve Hopkins suggests talking points to counter the scaremongering.

Posted on 13 December 2017 | 8:00 am

Bitcoin Price Dilemma: Bull and Bear Paths in Play - Coindesk (press release) (blog)


Coindesk (press release) (blog)

Bitcoin Price Dilemma: Bull and Bear Paths in Play
Coindesk (press release) (blog)
Fresh off all-time highs, bitcoin is trading sideways and showing signs of bull exhaustion. As per CoinDesk's Bitcoin Price Index (BPI), the world's largest cryptocurrency by market capitalization is trading at roughly $16,850. But despite the high ...

Posted on 13 December 2017 | 7:03 am

Bitcoin Price Dilemma: Bull and Bear Paths in Play

Bitcoin may be at all-time highs, but it's also at a potentially key crossroads for its price, chart data shows.

Posted on 13 December 2017 | 7:00 am

Uncle Sam's Surprise: Tax Reform to Impact Crypto Investors

New provisions in the upcoming tax reform bill could have several significant repercussions on crypto holders this tax season.

Posted on 13 December 2017 | 6:15 am

$750: The Ether Price Freight Train Has a New Target

The price of ether, ethereum's native token, hit a new all-time high of $686 today, and the price chart analysis suggests the rally could continue.

Posted on 13 December 2017 | 5:45 am

India Probes Unregulated Bitcoin Exchanges After Valuations Jump - Bloomberg


Bloomberg

India Probes Unregulated Bitcoin Exchanges After Valuations Jump
Bloomberg
India's income tax officials are investigating transactions at various illegal bitcoin exchanges, a week after the country's central bank cautioned users of the virtual currency about potential risks. The surveys are being conducted by the Income Tax ...
Tax department turns heat on bitcoin exchanges across country, checks for evasionEconomic Times
Are good days over? Indian Bitcoin exchanges now under IT scannerYourStory.com
Indian Tax Authorities Visit Bitcoin Exchanges Across the CountryCryptoCoinsNews

all 51 news articles »

Posted on 13 December 2017 | 4:42 am

Facebook Messenger VP Joins Coinbase's Board of Directors

David Marcus, vice president of messaging products at Facebook and ex-PayPal president, has joined the board of directors at Coinbase.

Posted on 13 December 2017 | 4:20 am

Japan's GMO Internet to Roll Out Bitcoin Payroll System

Japanese internet giant GMO revealed yesterday that it soon allow staff to receive some of their salary in bitcoin.

Posted on 13 December 2017 | 3:30 am

South Korea Considers Steps to Rein in the Bitcoin Frenzy - Fortune


Fortune

South Korea Considers Steps to Rein in the Bitcoin Frenzy
Fortune
South Korea will move to rein in the frenzy around bitcoin by banning minors from opening accounts on exchanges, and possibly by taxing capital gains from the trading of cryptocurrencies. Reuters reported the proposals following an emergency government ...
South Korea is going bitcoin crazyCNNMoney
Millions of Individual Asian Investors Are Reportedly Driving Bitcoin's RiseSlate Magazine (blog)
South Korea Seeks Measures to Curb Bitcoin FrenzyBloomberg
Bitcoin News (press release) -Sputnik International -VICE News -Bitcoinist
all 93 news articles »

Posted on 13 December 2017 | 3:03 am

Bitcoin Is History's Biggest Bubble, Turkey's Simsek Says - Bloomberg


Bloomberg

Bitcoin Is History's Biggest Bubble, Turkey's Simsek Says
Bloomberg
Speculation on Bitcoin has turned the cryptocurrency into “the biggest bubble in finance history,” Turkey's Deputy Prime Minister Mehmet Simsek said in comments on Twitter on Wednesday. Simsek, Turkey's chief economic policymaker and a former ...

and more »

Posted on 13 December 2017 | 2:50 am

Bitcoin Has Gone Mainstream. That's a Big Deal

While we're still a long way from mass adoption, this is a moment of global awareness and dialogue that is opening up a wide array of possibilities.

Posted on 13 December 2017 | 2:00 am

Scratch That: CryptoKitties Isn't Quite Ethereum's Vision for Apps

Ethereum's biggest success story isn't showcasing the full benefits of the platform, at least that's what its critics allege.

Posted on 12 December 2017 | 10:01 pm

Victory Lap? 2017 Was Bitcoin's Backwards Year

2017 was another bad year in bitcoin in the eyes of long-time industry observer Jim Harper, but he sees a silver lining at the end of the story.

Posted on 12 December 2017 | 7:45 pm

Bitcoin Futures Codes: How to Read Them And What They Mean

So you want to trade bitcoin futures? First, learn the Chicago exchanges' highly counterintuitive naming system for monthly contracts.

Posted on 12 December 2017 | 5:00 pm

What Is Litecoin, and Why Is It Beating Bitcoin This Year? - Fortune


Fortune

What Is Litecoin, and Why Is It Beating Bitcoin This Year?
Fortune
With digital currency Bitcoin taking the spotlight in 2017, it's hard to remember the other cryptocurrencies that have been growing in its shadow. An increasingly-prominent example: Litecoin. The fourth largest digital currency by market capitalization ...
Bitcoin Can't Stop Breaking ThingsBitcoin News (press release)
Bitcoin Rally Boosts Smaller Cryptos Litecoin, Ether to RecordsBloomberg
Move over, bitcoin. Here comes litecoinCNNMoney
The Merkle -Ars Technica -CoinMarketCap -CoinMarketCap
all 185 news articles »

Posted on 12 December 2017 | 4:02 pm

I Was Wrong About Bitcoin. Here's Why. - The New York Times - New York Times


New York Times

I Was Wrong About Bitcoin. Here's Why. - The New York Times
New York Times
Our columnist predicted in 2013 that Bitcoin, then a new digital currency, would soon die. He points to five assumptions he got wrong.
Is it too late to buy Bitcoin?Popular Science
Bitcoin Regrets: How Much $100 Would Be Worth Today if You Invested EarlierFortune
Bitcoin Bursary in Bulgarian UniversityCointelegraph (Bitcoin, Cryptocurrency and Blockchain News)
WIRED -Money Magazine -Ars Technica
all 1,042 news articles »

Posted on 12 December 2017 | 2:33 pm

Crowdfunding Giant Indiegogo Opens to ICOs

Indiegogo is getting into the initial coin offering (ICO) game, seeking to become the "go-to" platform for the emerging market.

Posted on 12 December 2017 | 1:40 pm

Mt Gox Creditors Want Bitcoin Exchange Taken Out of Bankruptcy

A group of creditors of the defunct bitcoin exchange Mt Gox has filed a new court petition in an effort to prevent a possible billion-dollar payout to its CEO.

Posted on 12 December 2017 | 1:15 pm

Trump Signs Defense Bill Authorizing Blockchain Study

President Donald Trump has signed a $700 billion military spending bill that includes a mandate for a blockchain cybersecurity research study.

Posted on 12 December 2017 | 11:40 am

Coinbase Halts Litecoin, Ether Trades as Prices Spike

Digital currency startup Coinbase says it has paused trading for litecoin and ethereum.

Posted on 12 December 2017 | 10:40 am

Gifto’s Vision for the Virtual Gifting Economy

Gifto Thumb


The digital age has changed many things about the way we work, play, think and live. And one key element of this is the act of giving.

In the online community, it’s hard to think of a more natural display of positive interaction than the act of giving virtual gifts.  In today’s digital age, giving has taken on a whole new meaning as growing numbers of transactions and exchanges occur online. 

At the nexus of this movement is a project called Gifto, a virtual gifting protocol for content creators and their fans throughout the world. 

Gifto seeks to forever change the way we give gifts through the use of smart contracts that facilitate customized, fun virtual gifts to be sent via the Ethereum blockchain, across all content platforms including Facebook, YouTube and Instagram. Gifto achieves this through a decentralized, user-driven model which rewards quality content generation, while fostering a richer set of connections between content creators and their audiences.

The brains behind this idea, Andy Tian, is the co-founder and CEO of Asia Innovations Group (AIG), which is the leading mobile interactive entertainment group in Asia. Headquartered in Hong Kong, AIG operates a suite of mobile, social and online entertainment products for users worldwide. 

Launched in May 2016, AIG’s flagship, live-streaming product, Uplive, is already available in more than 100 countries. The app enables anyone around the world to broadcast and view real-time video streams via their smartphones.  It currently has 20 million users and 60,000 broadcasters worldwide, with a projected revenue of more than $100 million from virtual gifting in 2017 alone. With Gifto, AIG is decentralizing its successful virtual gifting model to all content creators, regardless of whether they are on Uplive or not.

Uplive is one of the top five streaming apps in the world. It is the culmination of AIG’s many years of experience and tech development in gaming, social media and video. And Gifto is the culmination of Uplive’s experiences.

The Chinese live streaming market was valued at $5 billion in 2017, according to a forecast by Credit Suisse. Tian sees a golden opportunity with Gifto to replicate this incredibly successful model in international markets across any content platform through its universal protocol.

The Inspiration Behind Gifto

Gifto sprang from Tian’s personal interest in the question of how to apply game mechanics to any and all things that people engage with.

Born in China before moving to New York at age 10, Tian ran Google’s mobile business in China, during which he introduced Android to the China market. He then started one of the earliest social gaming companies in the world, XPD Media, which was later sold to Zynga to become Zynga China. After leaving Zynga, he co-founded AIG, which now has over 300 staff members located around the world, from Casablanca to Tokyo. 

Tian said that Gifto arose from conversations with both broadcasters and users of the Uplive community platform. That dialogue reinforced the notion that only the top 10 percent of all online influencers these days are able to effectively monetize their work. 

“What about the 90 percent of content creators who have 100,000 fans?” he asked. “Or only 50,000 fans? They can’t monetize at all based on the traditional ad/sponsorship model that’s currently in place.” 

One challenge on the Uplive platform was how to calculate the amount of revenue share a broadcaster has across all of Uplive. 

“We currently have a centralized system that does calculations and verification, a common practice among any centralized, consumer-based service,” Tian said. “But when a number of my investors and friends introduced me to smart contracts, that was a game changer. By integrating these contracts into the virtual gift itself, a transaction could automatically be executed, allowing for the instant delivery of revenue share to gift creators and producers.” 

This was a major development with respect to Uplive, where more than 25 million virtual gifts are sent every month.

“With blockchain, we can transparently, quickly and accurately execute payments so that our creators don’t have to wait 30 days or more to receive their share of the gift proceeds,” Tian said. “They can gain revenues directly from their fans.” 

Tian extols the idea of a crypto token that has a common value regardless of which country it is sent to or received from. 

“We currently have users paying us from 50-plus countries, with 30-plus payment providers worldwide,” he said. “With fiat, we have experienced lots of credit card fraud issues like cancelled transactions among other problems associated with this form of money on an international scale. Cryptocurrency can solve that. Not having to convert between different currency types will be a big win for our users.” 

In addition, Gifto can be used universally by any platform, not just Uplive, said Tian.

“The Gifto protocol will be available to any content creator on virtually any platform, including YouTube, Facebook and Instagram,” he said. “For the first time ever, content creators on these platforms won’t be constrained to the advertising-only model that generates very little revenue for the creators without millions of followers. Now, anyone will be able to accept virtual gifts through the Gifto platform and generate meaningful income from their content, directly from their fanbase.”   

Fostering a Global Gifting Economy

The concept of virtual gifts sent from fans to broadcasters is what drives Gifto. It allows creators to produce and place virtual gifts on a blockchain as a virtual asset and set their own pricing and value. Each created gift would have its own unique nature and character, adding the all-important element of fun to the whole gifting process. Broadcasters could then be digitally compensated regardless of the number of fans they have. 

Gifto’s public token sale on the Ethereum blockchain will begin on December 14, 2017. Thirty percent of the tokens, called “Gifto,” will be sold at that time subject to a $30 million hard cap. The campaign will adhere to a strict “know-your-customer” process, excluding citizens from China, the U.S., and Vietnam, based on legal regulations in those countries. 

Tian said the journey to exploring an initial coin offering (ICO) started early in 2017, when his company began examining the utility of blockchain technology as a solution to requests for new features from Uplive’s broadcasters and user base.  He said that monies garnered will be used for product development and engineering, marketing and market adoption, user acquisition and operations.

“We believe that we’ll be the highest revenue consumer company in Asia to launch a token offering,” Tian said. “Blockchain technology, in our opinion, is an awesome application and solution to decentralize everything and we want to advance this thinking.”

Tian’s ultimate goal is to make blockchain useful to mass-market consumers who don’t necessarily understand what the technology is, but can still enjoy the benefits of decentralization.

“It’s all about empowering the everyday people,” he concluded. “Content creators with a small, loyal fanbase now have a fun way to connect with their fans and make it easy for them to contribute.” 

The post Gifto’s Vision for the Virtual Gifting Economy appeared first on Bitcoin Magazine.

Posted on 12 December 2017 | 9:24 am

Munchee ICO Halted by SEC for Securities Violations

Munchee ICO Halted by SEC for Securities Violations

On December 11, the U.S. Securities and Exchange Commision (SEC) issued a cease-and-desist to California-based Munchee Inc. to stop their ICO and return the funds that had been collected.

Munchee had been seeking $15 million in capital to improve their existing mobile app and create a restaurant review ecosystem that they described as being “Yelp meets Instagram” in their Bitcointalk announcement. The problem arose when Munchee emphasized that it would take steps to create a secondary market for the tokens as an investment vehicle, leading investors to have a reasonable belief that their tokens would rise in value, long in advance of the utility of the token being made available.

In the SEC announcement, Stephanie Avakian, co-director of the SEC Enforcement Division, said, “We will continue to scrutinize the market vigilantly for improper offerings that seek to sell securities to the general public without the required registration or exemption. In deciding not to impose a penalty, the Commission recognized that the company stopped the ICO quickly, immediately returned the proceeds before issuing tokens, and cooperated with the investigation.”

In the SEC complaint, the commission argued that the MUN tokens were considered securities because “they were investment contracts” and were deemed a security regardless of their utility at the time of the sale. Munchee consented to the SEC’s order without admitting to, or denying, the findings.

The action is significant as it shows the willingness of the SEC to step in and take action. It also illustrates a willingness on the part of the SEC to work with companies that are cooperative when they run afoul of the regulations.

The post Munchee ICO Halted by SEC for Securities Violations appeared first on Bitcoin Magazine.

Posted on 11 December 2017 | 3:19 pm

Bitcoin Futures Are Here: The Story So Far

cboefutures.jpg

The week ahead will give better future indication of Bitcoin derivatives products as yesterday at 6 p.m. EST, the Chicago Board Options Exchange (CBOE) allowed bitcoin futures to begin trading under the symbol “XBT.” Chicago Mercantile Exchange (CME) is set to allow futures trading in the cryptocurrency of their own accord on December 18, 2017. Bitcoin futures were up over 20 percent leading into the U.S. market open. Current appetite for the futures contracts seems to show a stronger preference for near-term bitcoin futures priced above the current spot rate. According to the CBOE twitter feed, over 800 contracts were traded in the first two hours.

47c7ff34bce0ce6132eef3b1762bee2b.png

Image source: CBOE delayed quotes dashboard as of 3:53 PM. EST

At least one outage plagued the CBOE in early trading, including two minutes of downtime from 8:31 p.m. EST to 8:33 p.m. EST, while the CBOE stated at 11:34 p.m. EST that there would be a 5-minute hiatus if the front month (January expiration) rose above 30 percent.

square cboe

Image Source: www.cboe.com

These deliberate halts in trading are known as “circuit breakers” and are meant to protect the market from unmanageable volatility.

While we wait to see how futures trading unfolds in the U.S. markets today, here are some of the notable events that got us into a world of bitcoin futures.

October 31

The CME Group gave bitcoin investors around the world a bit of a Halloween treat when they announced plans to allow bitcoin futures to be traded on their exchange. The Chicago Mercantile Exchange’s announcement notably coincided with the anniversary of the publication of Bitcoin inventor Satoshi Nakomoto’s original 2008 white paper on the cryptocurrency.

Cryptocurrency enthusiasts took this as a signal of mainstream acceptance of the asset class, and bitcoin closed the day (according to historical data provided by www.coinmarketcap.com) at $6,468.40. When futures trading opened last night, bitcoin was trading at $14,901.70.

December 1, 2017

Regulators gave bitcoin futures the green light for the CME Group as well as for self-certification by the CBOE Futures Exchange (CFE) as well as for the Cantor Exchange’s new contract for bitcoin binary options. The exchanges assured the CFTC that the new products were compliant with the self-certification process rules, and the CFTC refrained from halting the self-certification. CFTC Chairman J. Christopher Giancarlo stated in a press release:  

Bitcoin, a virtual currency, is a commodity unlike any the Commission has dealt with in the past…[a]s a result, we have had extensive discussions with the exchanges regarding the proposed contracts, and CME, CFE and Cantor have agreed to significant enhancements to protect customers and maintain orderly markets.

December 4

The CBOE announced it would launch futures trading in bitcoin under the symbol “XBT” on Sunday night, December 10, 2017, at 6 p.m. EST. This move was seen as a manoever to beat the earlier announcement from the competing CME that they would allow futures trading in bitcoin beginning December 18, 2017. Not surprisingly, the CBOE’s usage of the exchange platform Gemini, owned by the Winklevoss twins, may allow the newly minted “Bitcoin Billionaires” to further capitalize on the successes of the cryptocurrencies.

December 5

A Natixis Investment Managers Survey of 500 global investors managing more than $19 trillion of assets has found that “nearly two-thirds [of survey participants] said Bitcoin was in a bubble, and this was a month before the cryptocurrency surged above $10,000 last week.”

Also bearish on bitcoin was Stephen Roach, a Yale University economist who told CNBC’s “The Rundown” that exchange legitimization makes bitcoin “somewhat dangerous [for investors],” citing a “lack of intrinsic underlying economic value to the concept.”

December 6

S3 Partners, a data research and analytics firm, sent this note to investors on GBTC ETF, the only ETF which trades bitcoin. In the note, Managing Director of Predictive Analytics at S3, Ihor Dusaniwsky, suggested that bitcoin as an asset would be “ripe for a pullback once the CBOE futures contracts go live” but also cautioned that the fees for shorting the GBTC ETF will be extremely high. While futures contracts would enable easier and safer access to both long and short positions, Dusaniwsky noted, futures trading would also carry premium costs for all GBTC ETF investors, stating:

Long GBTC holders may feel the pain of its 53% asset premium shrinking, while short sellers will probably be incurring a 50%+ stock borrow fee — both sides will be paying a premium in order to ride the Bitcoin rollercoaster once the CBOE futures start trading.

Also on December 6, 2017, trading volume for BTC nearly doubled from 6.9 billion to 12.7 billion and crosses the 10 billion volume threshold for the first time since Bitcoin crossed $10,000 (November 28, 2017). Whether this run up was related to the prospect of bitcoin futures or just normal market machinations is unclear.

historical cboe

Screenshot of historical data from Coinmarketcap.com (link above)

December 7

The Futures Industry Association, an industry organization whose primary members consist of the largest clearing houses and clearing firms for futures in the world, published an open letter it had sent to the CFTC chairman on December 6, 2017, decrying the lack of “a healthy dialogue between regulators, exchanges, clearing houses and the clearing firms who will be absorbing the risk of these volatile, emerging instruments during a default.” This is in spite of the fact that the letter also admits that, “Under law, exchanges may self-certify a product for trading by the close of business one day and then list the product for trading the next day.This process does not require CFTC approval or input…”

Also on December 7, in a joint interview with former Mayor Michael Bloomberg, Chairman and CEO of Goldman Sachs, Lloyd Blankfein, stated that, “We’ll [Goldman Sachs] see. If it works out and it gets more established and it trades like a store value and it doesn't move up and down 20% and there's liquidity in it, we’ll get to it.”

That same interview includes the suggestion that, according to an unnamed source with knowledge of Goldman Sachs plans, the investment bank plans to help clear bitcoin futures contracts for certain clients when the derivatives go live and that “the decision to clear client trades will be made on a case-by-case basis.” Goldman Sachs “will act in an agency capacity” and “won’t serve as a market-maker or build inventory in the derivatives.”

December 8

As the normal trading week came to an end, Coinbase and its exchange platform GDAX sent a reminder from Coinbase CEO, Brian Armstrong, to its users via blog and email to “invest responsibly,” also noting that “there may be downtime which can impact your ability to trade.” While seemingly innocuous, it appears the Coinbase team was preparing for a surge in trading volume that would crash its platform. At 10 p.m. on December 10, 2017, Coinbase tweeted that it would be offline for one hour of scheduled maintenance to “help to prevent slow performance and login issues during larger traffic surges.”

Conclusion

The market on Bitcoin Futures is open for business. After 14 hours of premarket bitcoin futures and a full day of trading from both European and U.S. investors, “XBT” seems to be functioning as planned. While spectators of the past week have foretold of everything from rosy outlooks to apocryphal warnings, we, at least for the moment, seem to be on a path toward embracing cryptocurrency futures as a new wave of derivatives.

The post Bitcoin Futures Are Here: The Story So Far appeared first on Bitcoin Magazine.

Posted on 11 December 2017 | 2:38 pm

Op-ed: Bitcoin Is Not a Bubble; It's in an S-Curve and It's Just Getting Started

Op-ed: Bitcoin Is Not a Bubble; It's in an S-Curve and It's Just Getting Started

One of the most intriguing stories underpinning the recent rise of bitcoin prices is how financial institutions will interact with the currency.

The upcoming CBOE futures market is going to open the door for Wall Street giants to participate in the market. That could spell moon or doom for bitcoin, and everyone is speculating on what may happen next.

It is this Wall Street/BTC interaction (phenomenon) that may be driving the unbelievable price spike of the past few days — at least partially.

On the macro scale, however, we may be witnessing a more grand pattern forming; a price-correlated S-curve.

The S-curve is the classic adoption curve applied to the advent of new technologies. As a percentage of the population, adoption looks like a lag phase where the technology is utilized by the innovators of said technology, followed by an early adoption phase led by people who often take risks in order to be the first movers in a space. After the early adopter phase (~16% of the population is now participating), there comes a great “tipping point” where the wide use of the technology seems inevitable. The tipping point gives rise to the “Early Majority” joining in on the fun, followed by the late majority and, finally, the holdouts who allow the top of the S to asymptotically approach total adoption. The curve, as a factor of time and adoption, looks sort of like the following:

Screen_Shot_2017-12-08_at_9.56.44_AM.png

This curve correlates nicely with adoption of some of the greatest technological innovations in our recent history:

Screen_Shot_2017-12-08_at_9.57.15_AM.png

Some important things to note is that this is just U.S. adoption. Much of the world lagged behind the U.S. in the consumer appliance boom of the 1900s. All of these curves, however steep, do follow the same S-curve trend fairly nicely.

So what could that mean for bitcoin? It’s difficult to choose a metric to define bitcoin adoption, and, in fact, there are disputes about if one metric accurately captures it. However, for simplicity I’ll highlight Google searches for bitcoin and Coinbase user count as microcosms of the global adoption trend.

google search

Screen_Shot_2017-12-08_at_9.58.02_AM.png(from CNBC)

This seems to show a very similar pattern to what could be the transitional phase between “innovators” and “Early Adopters.” Just to harken back to the earlier statement though — it’s very difficult to put a number on bitcoin adoption.

So why is this remarkable? Bitcoin may be the first “buyable” S-curve. Because this is a capped-supply currency, more users adopting and using it necessitates an increase in price. Whether that correlation is even reflective of the current price action is a practically unanswerable question, and the obvious leaning would be towards there being a speculative additional value. However, with an increase in adoption, there seems to be a floor rising up to catch whatever “bubble burst” might occur, if and when it happens.

I'm starting to take the controversial position that I'm less looking at a financial market chart and more looking at a graph for adoption rates. $BTC pic.twitter.com/RmGFyCdwan

— Parabolic Trav (@parabolictrav) December 3, 2017

“Eternal September” is the phrase used to describe September of 1993, when widespread internet adoption began to look inevitable. It occured after AOL began a mailing campaign offering free trials of its internet service, leading to an influx of internet users that has since never ended. Hence “Eternal September.”

Always thought it would take another bubble for the #crypto equivalent, but this might be the start of #Bitcoin Eternal September https://t.co/95PaF9ZYD7

— David Bailey (@DavidFBailey) December 6, 2017

To compare bitcoin’s adoption to its complement — the internet — this may very well be the “Eternal September” episode for bitcoin.

If the S-curve adoption theory applies to bitcoin, then buckle up. I won’t pretend to be able to predict a spot price, but I will say I think we may be sitting close to another order of magnitude this time next year.

See y’all on the moon.

Corollary: Bulls sound smart in bull markets. We may look back and laugh at this thought, or it may hold true for years to come. Time will tell. ‘Til then, buy bitcoin.

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.


The post Op-ed: Bitcoin Is Not a Bubble; It's in an S-Curve and It's Just Getting Started appeared first on Bitcoin Magazine.

Posted on 8 December 2017 | 11:09 am

It’s A Wonderful Life for Bitcoin Evangelist as Community Expresses Its Gratitude

It’s A Wonderful Life for Bitcoin Evangelist as Community Expresses Its Gratitude


In “It’s a Wonderful Life,” the 1940s Christmas classic, George Bailey (played by Jimmy Stewart) is the guiding force of a small-town bank, who ends up sacrificing his own dreams for the betterment of his community.

Ultimately, facing financial ruin, he begins to question what it was all for. That is when his friends appear, one by one, with a flurry of donations, reminding him of how he touched each and every one of their lives, and Bailey realizes he is a rich man after all.

Bitcoin evangelist Andreas Antonopoulos recently found himself at the center of a similar outpouring of gratitude. The author and public speaker has spent the last five years of his life traversing the globe and educating people about Bitcoin. But, as it turns out, he hadn’t exactly made himself rich along the way.

WIth the price of bitcoin soaring into the $16,000s, a grateful community has decided to give Antonopoulos’s fortunes a karmic boost. A spontaneous giving spree, fueled by social media, is under way. Thus far, more than 100 BTC, valued at over $1.7 million has been sent to his bitcoin address. One individual alone sent an eye-popping 37 BTC, worth $500,000. (Update: That same individual added another 42 BTC, making for a total of 79 BTC: worth well over $1,000,000.)

Along with the money, people are tweeting under the hashtag #ThankYouAndreas and reminding Antonopoulos of the many ways he made a difference in their lives.  

“Words are my craft but tonight I am speechless,” the author of Mastering Bitcoin tweeted last night.

Never a Rich Man

Antonopoulos became involved with Bitcoin in 2012. He has written two books on the subject, describing in detail the technical rules governing Bitcoin in a way that a novice could understand, and has given more than 200 talks (many of them free) about Bitcoin.

It is easy to imagine that someone who knows so much about Bitcoin might have found a way to profit from it. A small investment in the virtual currency five years ago, when bitcoin was at around $6, would have netted the Bitcoin writer a humongous profit. (Bitcoin is currently listed at $16,000.) But Antonopoulos wasn’t really a speculator.

Indeed, as investor Roger Ver pointed out in one of his tweets, if Antonopoulos had put more money into bitcoin early on, he would have been a lot better off financially.

But Antonopoulos was too busy, too obsessed with spreading his vision of a world free from the strictures of legacy banks and payment systems. He wanted people to understand the technology and to appreciate its promise.

That early obsession, as he described in a recent blog post, led him to undo a lifetime of savings and eventually fall into credit card debt as he tumbled down the Bitcoin rabbit hole. He lived paycheck to paycheck for years until becoming debt-free at the end of 2016. Those bitcoins he’d collected and earned had to be cashed out along the way to support him and his family.

I did invest, Roger. Then I sold in 2013 to pay my rent. I didn't have disposable income to work for two years without pay and invest at the same time. I should've gone into more debt, but that would have been irresponsible towards my family who I supported

— Andreas M. Antonopoulos (@aantonop) December 5, 2017

Because most people were not aware of Antonopoulos’s earlier struggles, some were puzzled when he recently began putting videos of his talks on Patreon, a membership platform that allows users to collect monthly subscription fees for services.  

I’m not a bitcoin millionnaire [sic],” Antonopoulos responded to one follower on Twitter. “My supporters on Patreon, many at $5/month, make it possible for me to work with independence.”

Developer Adam Back quickly responded with the suggestion that “if ‘sign guy’ can get a meaningful start from tips, we should try [to] find a way for the community to fund @aantonop to a hodlers position.” And the community agreed.

Shortly thereafter, his number of Patreon supporters began to rise, and donations started to pour into Antonopoulos’s bitcoin address.

In addition to the funds that accumulated, accolades began to pour in from supporters far and wide on Twitter, Reddit and Patreon. Many credit him for getting them into Bitcoin in the first place, for helping them to understand it and for inspiring them to pursue careers in the space.

“I don’t know anyone as authentic, well-intentioned and universally respected in the industry,” wrote entrepreneur Ryan Selkis in a tweet.

#THANKYOUANDREAS for being a shining example of what a thought leader in the space should look like 👏👏

— Dan Hedl (@danheld) December 6, 2017

“@aantonop is by far the BEST advocate and most eloquent speaker on #bitcoin. His speeches had a HUGE influence on me,” wrote investor and author Brian Kelly.

“The community raised over $700,000 worth of Bitcoin in a matter of hours for Andreas from all over the world, which beautifully shows the power of Bitcoin itself, actually,” wrote Erik Voorhees, CEO at cryptocurrency exchange ShapeShift.

For Antonopoulos, the outpouring of support has been no less than overwhelming.

“I am going offline for a few days. I need time to process everything that happened,” he tweeted on Wednesday. “If you sent me a message in the last 48 hrs, thank you. If I don’t respond for a week or so, I apologize.”




The post It’s A Wonderful Life for Bitcoin Evangelist as Community Expresses Its Gratitude appeared first on Bitcoin Magazine.

Posted on 7 December 2017 | 3:52 pm

Out of Steam: PC Gaming Platform Ends Bitcoin Payment Option

Out of Steam - PC Gaming Platform Ends Bitcoin Payment Option

The utility aspect of Bitcoin faced a setback yesterday as PC gamers heard from Valve Corporation’s Steam Team in a blog post that Bitcoin would no longer be accepted as payment on its digital distribution platform, Steam. Citing the volatility of the currency as well as the rising cost of fees, a representative of The Steam Team, known as “kurtis”, explained that the volatility of Bitcoin has created a problem for users trying to purchases games using the currency. Kurtis pointed out that:

The value of Bitcoin is only guaranteed for a certain period of time so if the transaction doesn’t complete within that window of time, then the amount of Bitcoin needed to cover the transaction can change. The amount it can change has been increasing recently to a point where it can be significantly different.

Kurtis further elaborated that the normal resolution mechanism on Steam is either to refund the original payment to the user, which would negate the transaction or to ask the user to transfer additional funds to cover the remaining balance. “In both these cases, the user is hit with the Bitcoin network transaction fee again.” Bitcoin was adopted as a means of payment via  bitcoin payment processor, BitPay, for games on Steam on April 27, 2016.


Some users commenting on the blog seem to agree and support Valve’s decision, with many calling for utilization of alternative cryptos such as Vertcoin, IOTA, and Litecoin. Others, such as one user named “Kaj Jez”, stated,

Massively disappointing. The first purchase I ever made in Bitcoin was on Steam. As long as Steam doesn't accept BTC I will prefer to do business with devs' own stores that hopefully do…But as Bitcoin will undoubtedly improve itself with scalability solutions so to will Steam hopefully improve itself by rectifying this mistake and once again accepting it.

Steam, the largest digital distribution platform for PC Games, has an active user base of over 275 million users with an average of 11 games per user, according to Sergey Galyonkin’s Steam Spy API. In a Medium article, Galyonkin elaborated that 2016 sales for PC games through the Steam Platform totaled roughly $3.47 billion dollars. While it is unclear how much of that revenue resulted from bitcoin transactions during its period of acceptance, it is clear that the PC gaming community faced a major setback in utilizing Bitcoin as a means for buying games.


At the time of this writing, neither BitPay nor Steam nor Valve Corp could be reached for additional comment.

The post Out of Steam: PC Gaming Platform Ends Bitcoin Payment Option appeared first on Bitcoin Magazine.

Posted on 7 December 2017 | 3:11 pm

Bitcoin tops $10,000 milestone

Posted on 29 November 2017 | 2:30 am

Bitcoin reaches new all-time high: $3,000

Posted on 12 June 2017 | 1:06 am

CRYENGINE now accepts Bitcoin

Posted on 29 March 2017 | 1:24 am

Consulting firm EY Switzerland accepts Bitcoin

Posted on 26 November 2016 | 12:47 am

Bitcoin Trading Bots

There have been a wide variety of situations in which algorithmic trading programs have proven to be beneficial for investors. However, investors who only trade a cryptocurrency can also take advantage of bitcoin trading bots. Through bitcoin bot trading, traders can become more flexible and prompt, minimize errors and process information more rapidly. At this… Read More »

Posted on 8 November 2016 | 6:20 pm

Major Magazine Publisher to Accept Bitcoin Payments

Posted on 18 December 2014 | 12:43 pm

Mozilla accepting Bitcoin

Posted on 20 November 2014 | 1:55 pm

PayPal and Virtual Currency

Posted on 23 September 2014 | 9:52 pm

Wikimedia Foundation Now Accepts Bitcoin

Posted on 30 July 2014 | 3:14 pm

airBaltic - World’s First Airline To Accept Bitcoin

Posted on 22 July 2014 | 11:03 am

December 13, 2017 -
Real Time Analytics