tag:blogger.com,1999:blog-78885428221660241722024-03-20T13:30:26.099-07:00iCryptocurrencies - AKACOMSIn Crypto and God I Trust
"Bitcoin is the currency of the future and the future is NOW" - Gboto Crypto Billion iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.comBlogger41125tag:blogger.com,1999:blog-7888542822166024172.post-870794987616416952018-02-20T07:03:00.001-08:002018-02-20T07:03:32.464-08:00Crypto Investment Shows ‘Limitless Ignorance Of Human Race’, Hedge Fund Tells Clients<div class="separator" style="clear: both; text-align: center;">
<a href="https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9hYTc3ZTQ0Njk5Y2VkZWM0NTE2YWE0YzMwMmU2YjQxNi5qcGc=.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="483" data-original-width="725" height="266" src="https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9hYTc3ZTQ0Njk5Y2VkZWM0NTE2YWE0YzMwMmU2YjQxNi5qcGc=.jpg" width="400" /></a></div>
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One of the world’s largest hedge funds Elliott Management, <a href="https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=4483619" rel="nofollow,noopener" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">founded</a> by billionaire Paul Singer in 1977, dedicated three pages to describing its negative view of <a href="https://cointelegraph.com/tags/cryptocurrencies" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">cryptocurrencies</a> in a fourth-quarter letter to clients, calling cryptocurrencies <em style="box-sizing: border-box; outline: 0px !important;">“one of the most brilliant scams in history,"</em> <a href="http://www.businessinsider.com/bitcoin-brilliant-scam-says-paul-singer-elliott-management-2018-2" rel="nofollow,noopener" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">Business Insider</a> reported Feb. 20.</div>
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In the letter dated Jan. 26, Elliott claims that people encountering cryptocurrency have switched from sense of <em style="box-sizing: border-box; outline: 0px !important;">“WTHIT (What the hell is this?)”</em> to a stable FOMO (fear of missing out). Elliott likens cryptocurrency <a href="https://cointelegraph.com/tags/investments" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">investors</a> to buyers of a <em style="box-sizing: border-box; outline: 0px !important;">“black box”</em> that will, according to the firm, turn out to be empty.</div>
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The firm does not shy away from hyperbole in the letter, insisting that cryptocurrency is the <em style="box-sizing: border-box; outline: 0px !important;">“equivalent of nothing”</em> and that the desire to invest in it is an <em style="box-sizing: border-box; outline: 0px !important;">“indication of the limitless ignorance of swaths of the human race”</em>, continuing:</div>
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“This [cryptocurrency] is not just a bubble. It is not just a fraud. It is perhaps the outer limit, the ultimate expression, of the ability of humans to seize upon ether and hope to ride it to the stars...</div>
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But is it not glorious that when the equivalent of nothing attracts priests and parishioners who run up the price, the very willingness of the mob to buy it at higher and higher prices is seen as validation of the thing, rather than an indication of the limitless ignorance of swaths of the human race?”</div>
</blockquote>
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Further along in the letter, Elliot expresses skepticism about the scarcity of <a href="https://cointelegraph.com/tags/Bitcoin" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">Bitcoin</a> (BTC). Despite the fact that Bitcoin’s supply <a href="https://cointelegraph.com/news/80-of-all-bitcoins-already-mined-only-42-million-coins-left-until-supply-cap" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">is capped at 21 million coins</a>, the letter from Elliot argues that the <a href="https://cointelegraph.com/tags/hard-fork" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">forking</a> of the Bitcoin Blockchain could threaten scarcity, stating: <em style="box-sizing: border-box; outline: 0px !important;">“this limitation [scarcity] is not nearly as sacrosanct as the bitcoin evangelists would have you believe."</em></div>
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According to Business Insider, Elliott managed $34.1 bln as of January 1, 2018 and the Elliott Associates LP fund returned 8.7% last year</div>
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In 2017 alone, the number of digital currency-based hedge funds <a href="https://cointelegraph.com/news/now-more-than-120-cryptocurrency-hedge-funds" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">grew from 30 to about 130</a>.</div>
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Traditional hedge funds have also increasingly been buying up cryptocurrencies, most famously that of American investor Bill Miller, who as of Dec. 2017 <a href="https://cointelegraph.com/news/well-known-cio-bill-miller-invests-50-of-hedge-fund-in-bitcoin" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">held 50 percent of his fund’s money in Bitcoin</a>.</div>
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Source: cointelegraph</div>
iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-24853967296391672142018-02-20T07:00:00.002-08:002018-02-20T07:01:19.016-08:00Bank of England Governor Claims Bitcoin Has ‘Failed’ As A Currency<div class="separator" style="clear: both; text-align: center;">
<a href="https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy82MDdkMmU4MWM1ZjU3YzhlNzc0NWE1N2EyNDdiNzk2Ny5qcGc=.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="483" data-original-width="725" height="265" src="https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy82MDdkMmU4MWM1ZjU3YzhlNzc0NWE1N2EyNDdiNzk2Ny5qcGc=.jpg" width="400" /></a></div>
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<a href="https://cointelegraph.com/tags/bank-of-england" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">Bank of England</a> (BoE) Governor Mark Carney declared that <a href="https://cointelegraph.com/tags/Bitcoin" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">Bitcoin</a> cannot be considered a legitimate currency by<em style="box-sizing: border-box; outline: 0px !important;"> “traditional”</em> definitions, <a href="http://www.telegraph.co.uk/technology/2018/02/19/bitcoin-failed-currency-says-mark-carney/" rel="nofollow,noopener" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">The Telegraph</a> reported Monday, Feb. 19.</div>
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At an event at London’s Regent's University, Carney claimed that Bitcoin failed to meet two major requirements of a traditional currency, claiming that Bitcoin is neither a means of exchange, nor a store of value.</div>
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<em style="box-sizing: border-box; outline: 0px !important;">"It [cryptocurrency] has pretty much failed thus far on... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange,"</em> Carney told students of London’s Regent's University.</div>
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However, Carney allowed that cryptocurrency’s underlying <a href="https://cointelegraph.com/tags/Blockchain" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">Blockchain</a> technology <em style="box-sizing: border-box; outline: 0px !important;">“may still prove useful” </em>due to its decentralised nature:</div>
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<em style="box-sizing: border-box; outline: 0px !important;">“Cryptocurrency’s underlying technology may still prove useful as a way to verify financial transactions in a decentralised way,”</em> Carney said.</div>
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The argument that cryptocurrencies are not ideal for use as a medium of exchange is usually made in regards to Bitcoin in particular. On Jan. 24, 2018 major payment processor <a href="https://stripe.com/" rel="nofollow,noopener" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">Stripe</a> <a href="https://cointelegraph.com/news/payment-processor-stripe-ends-support-for-bitcoin-hypes-altcoins" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">stopped support</a> for Bitcoin because of high fees and slow confirmation times. Earlier on Dec. 7, 2017 gaming platform Steam <a href="https://cointelegraph.com/news/steam-stops-accepting-bitcoin-payments-citing-extreme-volatility-fees" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">stopped accepting</a> Bitcoin payments, citing transaction fees of up to $20 and high volatility.</div>
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The <a href="https://cointelegraph.com/tags/us" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">US</a> Internal Revenue Service (<a href="https://cointelegraph.com/tags/irs" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">IRS</a>), however, <a href="https://www.irs.gov/pub/irs-drop/n-14-21.pdf" rel="nofollow,noopener" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">defines virtual currency</a> as a <em style="box-sizing: border-box; outline: 0px !important;">“digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value” </em>and has been taxing cryptocurrency as property <a href="https://cointelegraph.com/news/only-802-people-paid-taxes-on-bitcoin-profits-irs-says" style="background-color: transparent; box-sizing: border-box; color: #337ab7; outline: 0px !important; text-decoration-line: none;" target="_blank">since March 2014</a>.</div>
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Source: cointelegraph</div>
iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-29192455757241430072017-11-29T17:17:00.001-08:002017-11-29T17:17:18.766-08:00ICO Frauds to Watch Out For!!!<div class="separator" style="clear: both; text-align: center;">
<a href="https://bitconnect.co//upload/image/bit_coin_new/1511525889_8436417872_THnEqByj0F.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="370" data-original-width="600" src="https://bitconnect.co//upload/image/bit_coin_new/1511525889_8436417872_THnEqByj0F.jpg" /></a></div>
<br />
The initial coin offering (ICO) space has been fraught with risk over
the last 12 months as the sheer number of companies conducting the
sorts of offerings has increased dramatically and – with it – the
potential to conduct quick and easy fraudulent activity.<br />
We have seen a number of ICO's conducted as part of which multiple
million dollars have been raised for seemingly good projects but,
subsequent to issue, the companies in question have reportedly gone
"dark" and failed to execute on any of the milestones presented in the
white paper that drew the initial investment.<br />
Well, we've now got one more such example – Confido.<br />
After a couple of days of communication regarding so-called legal
issues surrounding the company's operational activity, Confido has
basically switched off the lights, shutting down all communication and
removing its online presence entirely. There is no longer a website in
place, no social media activity or historic activity available for
viewing and – at the same time – the so-called founder has deleted his
private Facebook account.<br />
The guy in question is Joost van Doorn, who was registered as the
company's domain owner on Who.is at a residential address in Berlin. Of
course, whether van Doorn is actually the person behind the seeming scam
remains to be seen and (in all likelihood) won't be revealed – at least
not near term.<br />
The token currently trades for essentially nothing, having dropped
close to 97% in value on the back of the word of going dark hit press.
The address to which the startup capital was sent has been cleared of
its ETH in the entirety.<br />
Chances are this won't be the last of this sort of activity that we
see hit the ICO space over the coming 12 months or so. While regulation
isn't ideal, it's seemingly necessary as a layer of protection against
fraudulent activity going forward.<br />
Let's see what happens.iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-51692167187960614852017-11-29T17:13:00.001-08:002017-11-29T17:13:18.502-08:00The crypto industry has some new kids on the block(chain)<div class="separator" style="clear: both; text-align: center;">
<a href="https://bitconnect.co//upload/image/bit_coin_new/1511947147_2098240394_MVWHrwwBYi.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="370" data-original-width="600" src="https://bitconnect.co//upload/image/bit_coin_new/1511947147_2098240394_MVWHrwwBYi.jpg" /></a></div>
<br />
The popularity and growth of the crypto industry can be seen
everywhere, with the development of virtual currency seeming to offer
plenty of appeal to Russia and Eastern Europe.<br />
No stranger to technological development and producing successful
startups, Tel Aviv has now entered the increasingly competitive ring of
crypto.<br />
Alignment, an investment group consisting of the Singulariteam
Technology Group, CoinTree Capital and BlockchainIL, have even stated
that they will invest in every Israeli blockchain offer that came their
way. These potential start-up companies will have to pay a certain
amount for this support though.<br />
Blockchain technology is flexible enough to be incorporated into many
different industries, ranging from banking to health care. However,
with so many companies hoping to be the next big thing in this field, it
might be tricky to determine if they even have a future in this highly
unpredictable industry, and if they have the product that can foster
that all-important goal of global integration and adoption.<br />
Erachain, co-founded and run by Dmitrii Ermolaev, seems to be taking
steps to ensure just that. This decentralized platform has integrated
both European and World-Wide AML laws into its system, which essentially
removes the need for traditional banks. In addition, it backs all
coins with real-world assets and also minimizes the fees associated with
crypto transactions.<br />
However, its big selling point is that it can eliminate anonymous
transactions by its verification-upon-registration process, through a
Proof of Stake system. This could definitely aid in industries such as
government where the anonymity of blockchain is a big drawback for
adoption. In addition, most large businesses will need some type of
verification platform in the not-too-distant future.<br />
Zen Protocol, founded by Adam Perlow, combines blockchain and Bitcoin
in a bid to create a purpose-built protocol to decentralize the
financial system through a Proof-of-Work system. By incorporating the
financial world onto blockchain, you would be able to link crypto assets
with real-world stocks and commodities, without requiring the bank as a
trusted third party.<br />
COTI, founded by Nir Gazit, aims to be a truly global currency which
will offer users instant and secure transactions, which are also
scalable. The Currency of the Internet (COTI) will also offer zero
fees, will have anti-fraud mechanisms in place and will be completely
reversible, unlike Bitcoin.<br />
In addition, COTI will make use of a ‘unique behavior scoring’ system
for both buyers and sellers, which will be reward based, to encourage
mutually beneficial client relationships and reduce e-commerce
trepidation.<br />
Jelurida is a development company working on their Ardor blockchain
platform, which seems to be an upgraded version of the Nxt platform.
Ardor has an innovative parent-child chain structure, which greatly
reduces the issue of blockchain bloat.<br />
CrowdWiz, headed by Slavena Savcheva, is an investment platform with a
difference. Instead of having fund managers decide what happens to
money, the crowd, in this case the platform’s community, does. This
drastically reduces costs as there are no middle men or entry fees
involved.<br />
Orbs aims to make blockchain transactions more efficient by quickly
processing a transaction no matter the network speed. It does this by
basically converting the blockchain into a DAG, or another database
structure.<br />
Bancor’s main selling point is that they claim to allow anyone to
easily produce their own cryptocurrency on the Ethereum blockchain.
These currencies have security features such as vaults and delegated
account recovery to boost interest and adoption.<br />
Stox is a trading platform with a difference. Its members predict
and trade on any event ranging from sports to the weather. It is also
geared more towards mainstream audiences than blockchain experts.<br />
With Tel Aviv firmly booking their seat on the blockchain bandwagon,
they’re sure to give Switzerland’s crypto valley a run for their virtual
money.iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-44722889481399705192017-11-17T22:29:00.001-08:002017-11-17T22:29:58.956-08:00HOW TO MAKE $1 MILLION EASY WITH DOGECOIN<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/Pvdckpa9feQ" width="480"></iframe>iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-10458801012549707492017-11-08T23:20:00.001-08:002017-11-08T23:20:51.688-08:00Japanese Bitcoin Mining Just Became More Attractive<div class="separator" style="clear: both; text-align: center;">
<a href="https://bitconnect.co//upload/image/bit_coin_new/1510135969_3244156415_kjBkcNJhAs.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="370" data-original-width="600" src="https://bitconnect.co//upload/image/bit_coin_new/1510135969_3244156415_kjBkcNJhAs.jpg" /></a></div>
<br />About five or six years ago, it was possible to profitably
mine Bitcoin using nothing more than a desktop PC. Fast forward to
today, and <strong>profitability requires huge amounts of hash power and, in turn, a considerable amount of electricity.</strong> Of course, unless this electricity is cheap, profitability is difficult to achieve. <strong>This
has led to markets searching for the most efficient (from a price
perspective) regions globally to set up their mining operations.</strong><br />
Historically, China has been a popular choice as have some areas of Eastern Europe<br />
Now, however, <strong>the latest region to enter the fray is Japan.</strong><br />
Specifically, <strong>a region in northern Japan</strong> where the <strong>climate is ideally</strong> suited to this sor<strong>of mining activity.</strong><br />
The region in question is called <strong>Kazuno City</strong> and it <strong>has a population of approximately 32,000.</strong> It is <strong>located on a mountainous northern prefecture on Japan’s primary island called the Akita Prefecture. </strong><br />
Here's what Japan Today said about the climate:<br />
<blockquote style="background: rgb(242, 242, 242); border-left-color: rgb(241, 196, 15); border-left-width: 4px; box-sizing: border-box; color: #353536; font-family: ProximaNova, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-style: normal; line-height: 19.6px; margin: 30px; overflow: hidden; padding: 15px 15px 0px;">
<div style="border: 0px; color: grey; font-size: 17px; font-style: italic; line-height: 1.6; margin: 0px 0px 15px; padding: 0px;">
“The
average yearly temperature of Kazuno City is low, probably contributing
to improving the heat exhausting/cooling effects to deal with the heat
generated by computers for mining… The city has an abundance of
renewable energy including geothermal, hydroelectric and wind powers,
and its self-sufficiency rate of electricity exceeds 300%.”</div>
</blockquote>
According to <strong>reports,</strong> one <strong>company is already making plans to set up an operation in the region</strong> and expectations are that many more will follow, <strong>lured in by the potential profits rooted in cheap electricity and a cryptocurrency friendly government environment.</strong><br />
The <strong>company</strong> in question is called <strong>Miner Garage.</strong> According to, again, Japan Today:<br />
<blockquote style="background: rgb(242, 242, 242); border-left-color: rgb(241, 196, 15); border-left-width: 4px; box-sizing: border-box; color: #353536; font-family: ProximaNova, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-style: normal; line-height: 19.6px; margin: 30px; overflow: hidden; padding: 15px 15px 0px;">
<div style="border: 0px; color: grey; font-size: 17px; font-style: italic; line-height: 1.6; margin: 0px 0px 15px; padding: 0px;">
“At
the mining center, 600 computers will be installed at first, and they
are expected to realize a mining business worth about 300 million yen
per year by dealing with about 10 kinds of virtual currencies such as
Bitcoin.”</div>
</blockquote>
This is just <strong>one of many positive developments out of Japan surrounding the cryptocurrency space</strong> and it further reinforces the country's efforts to establish a leadership position in this sector.<br />
<br />
<span style="font-size: xx-small;">Cryptocurrency Says "</span><span style="font-size: xx-small;"><a href="http://icryptocurrencies.blogspot.com.ng/2017/10/make-money-with-me.html">MAKE MONEY WITH ME</a>" TODAY!!!<br /><br />Support our broadcast. We appreciate your donations and helping hands.<br />Bitcoin >> 138QHKzao2ZKcbbVzDVruMww6ZmBBs<wbr></wbr>p2BN<br />Ether >> 0xDbf14A559b99E2E7b0b6bd2D92Ea<wbr></wbr>5a3a691f4694<br /><br />Visit our sister website <a href="http://www.akacoms.com/" target="_blank">AKACOMS</a><br />In Crypto and God I Trust<br />"Bitcoin is the currency of the future and the future is NOW" - Gboto Crypto Billion</span> iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-34114994509847018662017-11-05T01:58:00.000-07:002017-11-05T01:58:07.103-07:00What you need to know about the future(s) of Bitcoin<div class="separator" style="clear: both; text-align: center;">
<a href="https://bitconnect.co//upload/image/bit_coin_new/1509707435_0950029548_xaNF1uDJ9p.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="370" data-original-width="600" src="https://bitconnect.co//upload/image/bit_coin_new/1509707435_0950029548_xaNF1uDJ9p.jpg" /></a></div>
<br />
<div class="lead">
What you need to know about the future(s) of Bitcoin</div>
Even if you’ve just dipped your little toe into the ever-deepening pool that is the <b>crypto industry,</b> you would have heard about <b>Bitcoin.</b> It’s the biggest and most popular <b>virtual currency, </b> with its reach widening every day. It’s also the most expensive.<br />
<br />
Trading in this fast-growing currency can quickly burn a hole in your
pocket. In addition, the unpredictable market makes investing risky.
However, <b>two of the biggest exchange companies in the US hope to alleviate most of your fears by launching Bitcoin futures products.</b><br />
On Tuesday, <b>CME</b> announced their <b>aim to have their Bitcoin futures</b> product released before the end of this year. The company previously <b>launched a CME CF Bitcoin Reference Rate (BRR), and the futures will be based off of this rate.</b><br />
<br />
The second company, <b>Cboe,</b> is also aiming to launch their contracts by the end of this year.<br />
These announcements saw a <b>sharp increase in the currency’s price, </b> with it currently <b>trading at just under $7000.</b> In fact, <b>Bitcoin’s price has increased 500%</b> since the beginning of 2017, <b>gaining the attention of both Wall Street and Main Street.</b><br />
<br />
If you’re not sure, let’s take a look at what futures actually mean. As the name suggests, <b>investors will be able to bet on the future price of a commodity, </b>
or on Bitcoin in this case. If the currency is trading at $7000, an
investor will buy it for $8000 as they think that is what the future
price will be. If however it increases to $10000, the investor will get
the $2000 difference.<br />
<br />
<span style="font-size: x-small;">iCryptocurrency Says "</span><span style="font-size: x-small;"><a href="http://icryptocurrencies.blogspot.com.ng/2017/10/make-money-with-me.html">MAKE MONEY WITH ME</a>" TODAY!!!<br /><br />Support our broadcast. We appreciate your donations and helping hands.<br />Bitcoin >> 138QHKzao2ZKcbbVzDVruMww6ZmBBs<wbr></wbr>p2BN<br />Ether >> 0xDbf14A559b99E2E7b0b6bd2D92Ea<wbr></wbr>5a3a691f4694<br /><br />Visit our sister website <a href="http://www.akacoms.com/" target="_blank">AKACOMS</a><br />In Crypto and God I Trust<br />"Bitcoin is the currency of the future and the future is NOW" - Gboto Crypto Billion</span> iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-71400213027195238682017-10-28T05:00:00.001-07:002017-10-28T05:00:56.470-07:00Introduction to AKACOMS and Bitcoin<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/czgox4K5XEE" width="480"></iframe>iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-13833274121878416682017-10-13T20:45:00.002-07:002017-10-13T20:45:37.066-07:00London Realtors Will Only Accept Bitcoin For $22.6 Million Mansion <div class="separator" style="clear: both; text-align: center;">
<a href="https://bitconnect.co//upload/image/bit_coin_new/1507897135_1874597583_pLcChqCRuK.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="370" data-original-width="600" src="https://bitconnect.co//upload/image/bit_coin_new/1507897135_1874597583_pLcChqCRuK.jpg" /></a></div>
<br />
<br />
<strong>Lev Loginov, the co-founder of property investment company London Wall,</strong> which acquired the <strong>$22.6 million</strong> Notting Hill mansion in London four years ago, has revealed that <strong>the company will only accept Bitcoin payments for the sale of its property.</strong><br />
In an interview with local news publication <strong>EveningStandard,</strong> Loginov and his company explained that <strong>they aim to encourage the usage of Bitcoin in the UK real estate industry with its recent sale,</strong>
as Bitcoin eliminates the necessity of intermediaries and provides a
significantly easier, cheaper, and simpler platform for settling
payments. He <a href="https://www.standard.co.uk/news/london/17m-london-mansion-up-for-sale-but-only-if-you-can-pay-in-bitcoin-a3657556.html" target="_blank">stated:</a><br />
<blockquote style="background: rgb(242, 242, 242); border-left-color: rgb(241, 196, 15); border-left-width: 4px; box-sizing: border-box; color: #353536; font-family: ProximaNova, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-style: normal; line-height: 19.6px; margin: 30px; overflow: hidden; padding: 15px 15px 0px;">
<div style="border: 0px; color: grey; font-size: 17px; font-style: italic; line-height: 1.6; margin: 0px 0px 15px; padding: 0px;">
“We
want to shift all the perceptions on cryptocurrency. We think in future
it is going to eliminate the need for solicitors and property title and
is really going to change how real estate transactions are conducted.
We would like to be the first company to transact in Bitcoin. It can be
done quicker, more efficiently and it is much easier to deal with than
using banks, which are putting in unnecessary over-regulation.”</div>
</blockquote>
While the sale of London Wall’s multi-million dollar Notting Hill
mansion is not the first Bitcoin-related real estate sale in London, <strong>it is the first sale to only accept Bitcoin as a payment method.</strong><br />
Already, Loginov disclosed that several buyers <strong>have expressed their interest in buying the property,</strong> including an Asian entrepreneur who is familiar with Bitcoin and the cryptocurrency market.<br />
In the traditional financial market wherein banking transfers and
fiat payments processed by financial institutions, taxes and regulatory
hurdles are handled by third party service providers, which in most
cases would be local commercial banks. But, with Bitcoin, Loginov
emphasized that <strong>the taxation of the sale and incentive for commissioners would have to be facilitated independently.</strong><br />
<blockquote style="background: rgb(242, 242, 242); border-left-color: rgb(241, 196, 15); border-left-width: 4px; box-sizing: border-box; color: #353536; font-family: ProximaNova, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-style: normal; line-height: 19.6px; margin: 30px; overflow: hidden; padding: 15px 15px 0px;">
<div style="border: 0px; color: grey; font-size: 17px; font-style: italic; line-height: 1.6; margin: 0px 0px 15px; padding: 0px;">
“I
grew up in Siberia post the Soviet Union collapse in the Nineties. We
had no money, and barter was a common thing. We were exchanging potato
bags for TV sets and cars. I’m sure leading London agents can figure out
how to take commissions for a £17 million property in cryptocurrency
and I have full faith in HRMC to figure out how to tax it,” explained
Loginov.</div>
</blockquote>
According to the various market data providers and trusted financial
consultancy firms, multi-million transactions through banks and
financial institutions could cost senders upwards to tens of thousands
of dollars. Recently, <strong>a study revealed that a $100,000 is likely to cost senders an average fee of $4,500,</strong> which could increase to tens of thousands of dollars depending on the amount that is processed by the bank.<br />
More to that, banks require an inefficient procedure of verification,
processing, and authorization, which could result in weeks or even
months of delay for both realtors and buyers. <strong>As a decentralized financial network and a peer-to-peer protocol, Bitcoin eliminates such inefficiency</strong>
by allowing realtors and buyers to process deals in a distributed and
transparent ecosystem, with significantly lower costs and reduced
verification periods.<br />
<br />
Credit to: <b style="font-weight: 900 !important;">Author : </b>Joseph Young<br />
<br />
<span style="font-size: small;">iCryptocurrency Says "</span><span style="font-size: small;"><a href="http://icryptocurrencies.blogspot.com.ng/2017/10/make-money-with-me.html">MAKE MONEY WITH ME</a>" TODAY!!!<br /><br />Support our broadcast. We appreciate your donations and helping hands.<br />Bitcoin >> 138QHKzao2ZKcbbVzDVruMww6ZmBBs<wbr></wbr>p2BN<br />Ether >> 0xDbf14A559b99E2E7b0b6bd2D92Ea<wbr></wbr>5a3a691f4694<br /><br />Visit our sister website <a href="http://www.akacoms.com/" target="_blank">AKACOMS</a><br />In Crypto and God I Trust<br />"Bitcoin is the currency of the future and the future is NOW" - Gboto Crypto Billion </span><br />
iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-51801637670875322472017-10-04T03:17:00.004-07:002017-10-04T03:17:58.998-07:00IMF Head: Bitcoin and Cryptocurrencies Will Replace Banks<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2wSvP-LIL4ieJcYa8Y_7oq_LYZs2Q4cS0w32m2C9so1okUPMsu9eLjEUSuKil5DEhua-14J87NCkPKNT4gEXA7qf3BMfDhAX_6EVgg61unsFyDf3AEMgVx81uGTmdTZaR17SYMF1m8AE/s1600/1507029067_7510594329_f7kmmvllxB.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="370" data-original-width="600" height="246" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2wSvP-LIL4ieJcYa8Y_7oq_LYZs2Q4cS0w32m2C9so1okUPMsu9eLjEUSuKil5DEhua-14J87NCkPKNT4gEXA7qf3BMfDhAX_6EVgg61unsFyDf3AEMgVx81uGTmdTZaR17SYMF1m8AE/s400/1507029067_7510594329_f7kmmvllxB.jpg" width="400" /></a></div>
<br />
Earlier this week, <strong>Christine Lagarde, the head of the International Monetary Fund (IMF)</strong> stated that she believes <strong>bitcoin
and cryptocurrencies will eventually replace banks and existing
financial systems by eliminating the necessity for intermediaries and
third party service providers.</strong><br />
In a research paper shared by the <strong>Foundation For Economic Education (FEE),</strong> <a href="https://fee.org/articles/imf-head-predicts-the-end-of-banking-and-the-triumph-of-cryptocurrency/" target="_blank">Lagarde wrote:</a><br />
<blockquote style="background: rgb(242, 242, 242); border-left-color: rgb(241, 196, 15); border-left-width: 4px; box-sizing: border-box; color: #353536; font-family: ProximaNova, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-style: normal; line-height: 19.6px; margin: 30px; overflow: hidden; padding: 15px 15px 0px;">
<div style="border: 0px; color: grey; font-size: 17px; font-style: italic; line-height: 1.6; margin: 0px 0px 15px; padding: 0px;">
“For
now, virtual currencies such as Bitcoin pose little or no challenge to
the existing order of fiat currencies and central banks. Why? Because
they are too volatile, too risky, too energy intensive, and because the
underlying technologies are not yet scalable. Many are too opaque for
regulators; and some have been hacked. But many of these are
technological challenges that could be addressed over time. Not so long
ago, some experts argued that personal computers would never be adopted,
and that tablets would only be used as expensive coffee trays. So I
think it may not be wise to dismiss virtual currencies.”</div>
</blockquote>
As Lagarde emphasized, <strong>the vast majority of cryptocurrencies
such as bitcoin and Ethereum are still struggling to solve their
underlying scalability issues.</strong> Previously, in an interview with major <strong>South Korean financial news publication JoongAng,</strong> <strong>Ethereum co-founder Vitalik Buterin</strong> stated that it could take <strong>two to five years</strong> for public blockchain networks to scale with two-layer and on-chain scalability solutions.<br />
But, once bitcoin scales to a capacity in which <strong>hundreds of transactions can be settled per second,</strong> Lagarde explained the <strong>decentralized nature of bitcoin</strong> could provide general consumers with a <strong>more efficient, robust, secure, and cost-efficient</strong> financial network as an alternative to the global banking infrastructure.<br />
Furthermore, Lagarde noted that the mainstream adoption of <strong>bitcoin and cryptocurrencies would result in the decrease of power of central banks and leading financial institutions.</strong>
Fiat currencies would no longer be of any value as central banks and
local financial authorities would not be able to manipulate the value of
assets.<br />
<blockquote style="background: rgb(242, 242, 242); border-left-color: rgb(241, 196, 15); border-left-width: 4px; box-sizing: border-box; color: #353536; font-family: ProximaNova, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-style: normal; line-height: 19.6px; margin: 30px; overflow: hidden; padding: 15px 15px 0px;">
<div style="border: 0px; color: grey; font-size: 17px; font-style: italic; line-height: 1.6; margin: 0px 0px 15px; padding: 0px;">
“Today’s
central banks typically affect asset prices through primary dealers, or
big banks, to which they provide liquidity at fixed prices—so-called
open-market operations. But if these banks were to become less relevant
in the new financial world, and demand for central bank balances were to
diminish, could monetary policy transmission remain as effective?,”
added <strong>Lagarde.</strong></div>
</blockquote>
Already, through <strong>the Bitcoin Core development team’s scaling and transaction malleability solution Segregated Witness (SegWit),</strong>
bitcoin has been able to scale to a certain extent by decreasing the
size of transactions and blocks. Additionally, the demand toward <strong>bitcoin
and the cryptocurrency market has increased to a point wherein
multi-billion dollar financial institutions such as Goldman</strong>
Sachs and Fidelity have started to address the rising popularity of
cryptocurrencies by launching ventures including cryptocurrency trading
operations and mining.<br />
In the upcoming years, through appropriate scaling solutions and <strong>the
integration of two-layer scaling platforms, bitcoin will be able to
position itself at the forefront of financial disruption;</strong> challenging banks and financial institutions to evolve into the global financial system.<br />
<br />
Credit to: <b style="font-weight: 900 !important;">Author : </b>Joseph Young<br />
<br />
<span style="font-size: small;">iCryptocurrency Says "<a href="https://bitconnect.co/?ref=akacoms1">JOIN BITCONNECT</a>" AND "<a href="https://regalcoin.co/ref/CRYPTOBILLIONNG">JOIN Regalcoin</a>" TODAY!!!<br /><br />Support our broadcast. We appreciate your donations and helping hands.<br />Bitcoin >> 138QHKzao2ZKcbbVzDVruMww6ZmBBsp2BN<br />Ether >> 0xDbf14A559b99E2E7b0b6bd2D92Ea5a3a691f4694<br /><br />Visit our sister website <a href="http://www.akacoms.com/">AKACOMS</a><br />In Crypto and God I Trust<br />"Bitcoin is the currency of the future and the future is NOW" - Gboto Crypto Billion </span>iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-60169717781031909012017-09-18T02:43:00.000-07:002017-10-02T09:22:27.412-07:00Crypto Executives See Silver Lining in China’s Ban of Bitcoin Exchanges<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYik8Ih15C1T7kj1A_HVlzPRimFM5d6NoqKHkjeQctCOWh96NEqeREXTihJVscNd-m-yKBAFbAusfm4tqL5vLrxcyjy_0h1wwmwundkFTttXsFhfIq3-W56KK88dQ12JLY8oWbqBt-tac/s1600/116090-featured-300x200.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="200" data-original-width="300" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYik8Ih15C1T7kj1A_HVlzPRimFM5d6NoqKHkjeQctCOWh96NEqeREXTihJVscNd-m-yKBAFbAusfm4tqL5vLrxcyjy_0h1wwmwundkFTttXsFhfIq3-W56KK88dQ12JLY8oWbqBt-tac/s400/116090-featured-300x200.jpg" width="400" /></a></div>
<br />
<br />
China’s plan to ban crypto exchanges
delivered a blow to cryptocurrency prices, but not all crypto
executives are shuddering. Despite the facts that Shanghai has ordered
exchanges within its jurisdiction to close and Shanghai-based BTCC’s
plan to suspend trading by the end of September.<br />
As of Thursday, Sept. 14, BTC/CNY had dropped to $3,251 on BTCC,
$3,362 on OKCoin, and $3,321 on Huobi. This forced the global average
bitcoin price down.<br />
<br />
But as Chinese financial regulators finalized the nationwide ban on
exchanges by providing leeway to OKCoin and Huobi, the two largest
exchanges in <a href="https://www.cryptocoinsnews.com/tag/china/">China</a>, to operate until the end of October, bitcoin price rebounded from $2,900 to $3,850.<br />
<h3>
<b>Bitcoin Price Stabilizes</b></h3>
Over the past two days, after its initial surge, bitcoin price has remained relatively stable at around $3,580.<br />
Local financial regulators in China clarified that they do not intend
to ban bitcoin as a whole and some analysts in Beijing expect the
bitcoin exchange ban to be temporary until the Peoples Bank of China
releases a licensing program for trading platforms.<br />
<br />
Some speculate that if Chinese President Xi Jinping becomes re-elected
in November of 2017, President Xi, who is widely known as an avid
advocate for free markets, could indirectly encourage local financial
regulators to re-enable bitcoin trading and other cryptocurrency-related
activities such as ICOs.<br />
Regardless of China’s current regulatory activity, some crypto
exchange executives point out that despite the immediate impact of
regulation on crypto markets, crypto is more resilient than traditional
equities since it is not interconnected with unknown counterparties.
Some claim that ultimately, crypto will show that regulatory activity
cannot impact crypto’s growth long term.<br />
<h3>
<b>A Silver Lining In Regulation</b></h3>
“Already, we’ve seen about $60 billion in value wiped from the peak
earlier this month, but there is a silver lining that may be hard to see
through the clouds: regulators are starting to provide some clarity,
and even if new rules aren’t ideal, they’re better than the uncertainty
of potentially inferior regulation,” said Rob Viglione, co-founder of
ZenCash, a privacy coin for borderless, decentralized communications and
transactions.<br />
<br />
“This comes after a recent regulatory ban in China of ICOs and
JPMorgan’s Jamie Dimon calling bitcoin a ‘fraud’ that is set to ‘blow
up,’” Viglione said.<br />
“The big question is whether this shock is already internalized into
asset prices, or if there’s risk of a continued cascading sell-off,” he
said. “One good thing about crypto markets is that they are largely
equity-based, and not massively interconnected webs of leveraged
derivatives with unknown counterparties, as is the norm in modern
banking.”<br />
<br />
China’s ICO ban and the cessation of trading have a much smaller
marginal contribution to systemic risk to cryptocurrencies than what has
plagued large financial institutions like Dimon’s JPMorgan, Viglione
said.<br />
<br />
<h3>
<b>Decentralization Can’t Be Stopped</b></h3>
“For those of us in the exchange space, the possibility of
governments clamping down on exchanges is a foregone conclusion ever
since bitcoin was first noticed by the government,” said Bharath Rao,
CEO of Leverj, a decentralized platform for cryptocurrency derivatives
trading. “The price is always a solid metric of the markets’ greed and
fear, and reflects regulatory uncertainty at the moment. This also
signals that development of non-custodial and decentralized models will
accelerate.”<br />
Rao said regulation is neither necessary nor possible for
decentralized models, and the future may have gotten just a bit brighter
by nudging the crypto community to develop high-speed, non-custodial
exchanges.<br />
<br />
Jason English, vice president of protocol marketing at Sweetbridge, a
global alliance seeking to use blockchain to create a liquid supply
chain, thinks China has too much at stake with cryptocurrency to try to
eliminate it..<br />
<br />
“China is practically building a cottage industry for mining and
exchanging bitcoin and other cryptocurrencies, so it is hard to believe
that they intend to exit a market with so much potential upside,” said
English. “Even the apparent ban on ICOs seemed to be more of a stopgap
in order to get some policies in place. If anything, this example shows
the volatility of the space and that some market makers can likely take
advantage of an unclear news cycle to create a sell-off and buy back
opportunity.”<br />
<br />
<span style="font-size: small;">iCryptocurrency Says "<a href="https://bitconnect.co/?ref=akacoms1">JOIN BITCONNECT</a>" AND "<a href="https://regalcoin.co/ref/CRYPTOBILLIONNG">JOIN Regalcoin</a>" TODAY!!!<br /><br />Support our broadcast. We appreciate your donations and helping hands.<br />Bitcoin >> 138QHKzao2ZKcbbVzDVruMww6ZmBBsp2BN<br />Ether >> 0xDbf14A559b99E2E7b0b6bd2D92Ea5a3a691f4694<br /><br />Visit our sister website <a href="http://www.akacoms.com/">AKACOMS</a><br />In Crypto and God I Trust<br />"Bitcoin is the currency of the future and the future is NOW" - Gboto Crypto Billion </span>iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-39393953578649262792017-09-18T02:39:00.000-07:002017-10-02T09:22:39.389-07:00Japan Leads as Largest Bitcoin Market as Traders Leave China<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYEA509CtkD2y00JMJ6QhxqLJQsrw7FkHIvMhIM88nSCxP9JcVVoVJtgtxEXUkAplzN33B8jHipZqOoc8aL1XWmCZeNk4Ff6P5Y1JY3vLP15NXubo2kjaEP54QtseZIf6XJfiMyTD8CFQ/s1600/japanbtc.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="484" data-original-width="725" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYEA509CtkD2y00JMJ6QhxqLJQsrw7FkHIvMhIM88nSCxP9JcVVoVJtgtxEXUkAplzN33B8jHipZqOoc8aL1XWmCZeNk4Ff6P5Y1JY3vLP15NXubo2kjaEP54QtseZIf6XJfiMyTD8CFQ/s400/japanbtc.jpg" width="400" /></a></div>
<div dir="ltr">
Japan has once again become the largest Bitcoin exchange
market with 50.75 percent market share of the global Bitcoin exchange
market. Analysts including BitFury Vice Chairman George Kikvadze <a href="https://twitter.com/BitfuryGeorge/status/909358742566776834" rel="nofollow" target="_blank">attributed</a> the surge in the trading volume of the Japanese Bitcoin exchange market to the exit of Bitcoin traders in China.</div>
<div dir="ltr">
<br /></div>
Earlier this week, the Chinese government, local authorities and
financial regulators officially requested Chinese Bitcoin exchanges and
trading platforms to <a href="https://cointelegraph.com/news/What-are-the-Causes-of-ICO-Ban-in-China-and-What-Happens-Next" target="_blank">halt their services</a> by the end of September. OKCoin and Huobi, the two largest exchanges in China, were <a href="https://cointelegraph.com/news/bitcoin-price-bounces-back-400-in-minutes-as-china-gives-huobi-okcoin-extra-month" target="_blank">granted leeway</a> to
operate until Oct. 30, considering the fact that they have not been
involved in any initial coin offerings (ICOs) in the past.<br />
<br />
But, it seems as if traders are not willing to <a href="https://cointelegraph.com/news/china-drama-causes-big-migration-of-bitcoin-traders-businesses" target="_blank">take any chances with the Chinese government</a>
and their unpredictable nature. The Chinese Bitcoin exchange market’s
daily trading volume has halved within a period of three days, from 15
percent to less than seven percent.<br />
<div dir="ltr">
According to various trusted Bitcoin market data providers
such as CryptoCompare, China only accounts for 6.4 percent of global
Bitcoin trades at the time of reporting.</div>
<div dir="ltr">
<br /></div>
<h2>
US market benefits</h2>
<div dir="ltr">
Prior to the nationwide Bitcoin exchange ban by China, the
US exchange market had consistently secured its position as the largest
market in the world.</div>
<div dir="ltr">
However, almost immediately after the announcement of the
country’s three largest Bitcoin exchanges, BTCC, Huobi and OKCoin, were
released, traders moved over to the Japanese Bitcoin exchange market.
The abrupt migration of traders led to the short-term surge in the
trading volume of Japan, allowing the market to overtake the US by over
20 percent in global Bitcoin exchange market share.</div>
<div dir="ltr">
<br /></div>
Contrary to many negative reports, prominent developers, analysts,
researchers and experts within the cryptocurrency and Blockchain sectors
including Litecoin creator Charlie Lee and billionaire investor Tim
Draper expressed their optimism toward the shutdown of the Chinese
Bitcoin exchange market. Lee emphasized that the Chinese government will
no longer be able to manipulate the market, as it had done since 2013.<br />
Lee <a href="https://twitter.com/SatoshiLite/status/908379371571863553" rel="nofollow" target="_blank">says</a>:<br />
<blockquote>
<div dir="ltr">
“This is a good thing. China can no longer play with the
markets by banning Bitcoin. Cryptocurrency cannot be killed by any
country. One solution to centralized exchanges is decentralized ones. I
hear the Decred Project team has something cooking that helps with
that.”</div>
</blockquote>
<h2>
Bitcoin stabilization</h2>
<div dir="ltr">
As Lee emphasized, the exit of the Chinese Bitcoin exchange
market should really only have affected around 10 to 15 percent of
traders in the global Bitcoin exchange market. Yet, speculators and
impatient traders initiated a major sell-off as the Chinese government
banned exchanges, leading to a major correction on Bitcoin price.</div>
Over the next few weeks, the global Bitcoin exchange market will stabilize, as <a href="https://cointelegraph.com/news/chinas-stricter-bitcoin-regulations-will-strengthen-hong-kong-market" target="_blank">traders move from the Chinese market</a>
to South Korea and Japan, two markets that have developed significantly
more efficient regulations, industry standards and policies for both
cryptocurrency exchanges and users.<br />
It is likely that as Lee and Draper noted, the closure of the Chinese
Bitcoin exchange market could lead to the stabilization of the global
Bitcoin exchange market, which may be beneficial for Bitcoin in the long
run.<br />
<div dir="ltr">
<br /></div>
<span style="font-size: small;">iCryptocurrency Says "<a href="https://bitconnect.co/?ref=akacoms1">JOIN BITCONNECT</a>" AND "<a href="https://regalcoin.co/ref/CRYPTOBILLIONNG">JOIN Regalcoin</a>" TODAY!!!<br /><br />Support our broadcast. We appreciate your donations and helping hands.<br />Bitcoin >> 138QHKzao2ZKcbbVzDVruMww6ZmBBsp2BN<br />Ether >> 0xDbf14A559b99E2E7b0b6bd2D92Ea5a3a691f4694<br /><br />Visit our sister website <a href="http://www.akacoms.com/">AKACOMS</a><br />In Crypto and God I Trust<br />"Bitcoin is the currency of the future and the future is NOW" - Gboto Crypto Billion </span>iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-3097657587240137002017-09-16T18:04:00.005-07:002017-10-02T09:22:50.775-07:00Can Bitcoin Prices Reach $5000 Again Without China?<div class="separator" style="clear: both; text-align: center;">
<a href="https://specials-images.forbesimg.com/imageserve/475512655/960x0.jpg?fit=scale" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="533" data-original-width="800" height="266" src="https://specials-images.forbesimg.com/imageserve/475512655/960x0.jpg?fit=scale" width="400" /></a></div>
<div>
<div class="caption-container">
<div class="wp-caption-text">
(Photo by Lam Yik Fei/Getty Images)</div>
</div>
</div>
After falling for most of the week like a stone, Bitcoin, the
“people's currency,” made a sharp turn upwards on Friday and early
Saturday morning, gaining close to 12 percent within 24 hours.<br />
Other cryptocurrencies followed suit. Ethereum also gained close to
12 percent, while Litecoin fared even better gaining close to 19
percent.<br />
<br />
<div class="table-wrapper">
<table>
<tbody>
<tr>
<td width="208">Coin</td>
<td width="208">% 24H</td>
<td width="208">% 7d</td>
</tr>
<tr>
<td width="208">Bitcoin (BTC)</td>
<td width="208">10.78</td>
<td width="208">-16.10</td>
</tr>
<tr>
<td width="208">Ethereum (ETH)</td>
<td width="208">11.77</td>
<td width="208">-17.51</td>
</tr>
<tr>
<td width="208">Litecoin (LTC)</td>
<td width="208">18.98</td>
<td width="208">-28.10</td>
</tr>
</tbody>
</table>
</div>
*As of Saturday September 16, 2017 at 9 pm<br />
Source: Coinranking.com<br />
<br />
<br />
That should come as a relief to cryptocurrency investors, especially
to those who purchased at much higher price than the current levels,
before China shut Initial Coin Offerings (ICO). But is the worst over?
Can cryptocurrencies reach $5000 again without China?<br />
Stelian Balta, Founder and Managing Partner of HyperChain Capital, thinks so.<br />
“If we look at Bitcoin or Ethereum from a technology
perspective, the bad news is not entirely relevant. Miners will continue
to mine and developers will continue to create great code and projects.
Digital assets are a global phenomenon and the ecosystem is in its
early days.”<br />
Balta further argues that cryptocurrencies can survive and thrive without China. “I
am very optimistic regarding the global digital assets market,” he
says.“Digital assets can be considered commodities trading on supply and
demand. There is fixed supply and increasing demand. China is an
important market and the recent news of exchanges shutting down and ICO
funding being banned certainly has a short term negative effect on the
prices. However, digital assets are a global phenomenon. Huge Internet
businesses like Facebook or Google are banned in China and are doing
pretty well.”<br />
<br />
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<a href="https://cointelegraph.com/images/725_aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy85ZjA2MjIzOTgzNjg3NDA0Y2Y1OTgxZTk4ZWViOWViZC5qcGc=.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="483" data-original-width="725" height="266" src="https://cointelegraph.com/images/725_aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy85ZjA2MjIzOTgzNjg3NDA0Y2Y1OTgxZTk4ZWViOWViZC5qcGc=.jpg" width="400" /></a></div>
<div dir="ltr">
<br /></div>
<div dir="ltr">
An unverified notice surfaced on the Internet about China moving to block access to all major cryptocurrency exchanges.</div>
Commenting on the move, Simon Dixon, investment Banker and author of
'Bank to the Future', wrote: “ They tried to copy it, fork it, ban it,
clone it, ridicule it, launch at it, discredit it and kill it, and yet <a href="https://twitter.com/hashtag/Bitcoin?src=hash" rel="nofollow" target="_blank">#Bitcoin</a> is still sound money”.<br />
<br />
The notice that is being circulating now is directed to the
Department of Internet Monitoring, Security Center, Engineering and
Technical Center, as well as the Operation and Maintenance Center.<br />
<div dir="ltr">
It supposedly calls for all technical preparation work to
block overseas’ Bitcoin trading activities to be completed before
September 30th, in lieu of the central government’s <a href="https://www.cointelegraph.com/news/blockchain-cutting-edge-company-founder-on-how-to-stay-legal-in-china" rel="nofollow" target="_blank">order to rectify the trading of digital currency</a>.</div>
<h2>
FUD?</h2>
<div dir="ltr">
The overall plan includes the following points:</div>
<ol dir="ltr">
<li>To block all access to important platforms such as Coinbase,
Bitfinex and Localbitcoins, including access through web, apps and APIs,</li>
<li>To block all access to Bitcoin’s seed addressing,</li>
<li>To abandon Bitcoin’s ledger synchronous data by DPI recognition on the Great Firewall.</li>
</ol>
The notice lists Coinbase, Okek, Okcoin, Bithumb, Bittrex, Coinone,
Bitflyer, Bitstamp, Bitstar, Bitfinex, Poloniex, Kraken, Bitmex and
Localbitcoins as important platforms.<br />
It calls for the Internet Monitoring Department to submit the IP and
DNS addresses of the listed platforms, to be submitted to the Technical
and Engineering Center before Sept. 25.<br />
The notice also calls for information regarding mining pools, and to
be able to cut off communication between mining pools and the outside.<br />
Furthermore, it calls for the activities of TOR and VPN to be
monitored, with any high frequency or abnormal activity to be reported
immediately.<br />
<h2>
Hong Kong strengthened</h2>
<div dir="ltr">
Earlier, we reported that China’s restrictions on Bitcoin trading and usage will <a href="https://www.cointelegraph.com/news/chinas-stricter-bitcoin-regulations-will-strengthen-hong-kong-market" target="_blank">drive businesses to Hong Kong</a> and nearby countries, like Japan and South Korea.</div>
Because of the high level of state monitoring and policing of individuals, <a href="https://www.cointelegraph.com/news/chinese-bitcoin-enthusiasts-investors-flee-monitored-wechat-for-telegram" rel="nofollow" target="_blank">Bitcoin enthusiasts have deflected</a> from WeChat in China, as it is the country’s dominant messaging app, approved by the government.<br />
Other encrypted messaging platforms, like <a href="https://telegram.org/" rel="nofollow" target="_blank">Telegram</a>, have seen a surge in Bitcoin users setting up groups which have mushroomed in quick succession.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://cointelegraph.com/storage/uploads/view/45ddf21821df6bea6b11fc9e7210d3a6.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="800" data-original-width="600" height="640" src="https://cointelegraph.com/storage/uploads/view/45ddf21821df6bea6b11fc9e7210d3a6.jpg" width="480" /></a></div>
<br />
<br />
<span style="font-size: small;">iCryptocurrency Says "<a href="https://bitconnect.co/?ref=akacoms1">JOIN BITCONNECT</a>" AND "<a href="https://regalcoin.co/ref/CRYPTOBILLIONNG">JOIN Regalcoin</a>" TODAY!!!<br /><br />Support our broadcast. We appreciate your donations and helping hands.<br />Bitcoin >> 138QHKzao2ZKcbbVzDVruMww6ZmBBsp2BN<br />Ether >> 0xDbf14A559b99E2E7b0b6bd2D92Ea5a3a691f4694<br /><br />Visit our sister website <a href="http://www.akacoms.com/">AKACOMS</a><br />In Crypto and God I Trust<br />"Bitcoin is the currency of the future and the future is NOW" - Gboto Crypto Billion </span>iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-3859707381238748572017-09-14T04:52:00.002-07:002017-10-03T05:28:46.613-07:00Bitcoin is No Longer a Currency For Online Criminals and Fraudsters<div class="separator" style="clear: both; text-align: center;">
<a href="https://bitconnect.co//upload/image/bit_coin_new/1505292741_1318422021_4oKTm3Rklt.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="370" data-original-width="600" height="246" src="https://bitconnect.co//upload/image/bit_coin_new/1505292741_1318422021_4oKTm3Rklt.jpg" width="400" /> </a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
Although <b>bitcoin is decentralized,</b> uncensorable and distributed in nature, it is <b>not anonymous</b>. In fact, the decentralized and open ledger of <b>bitcoin allows anyone</b> within the <b>network to transparently access transactions through blockchain explorer platforms. </b><br />
Over the <b>past three years,</b> the bitcoin industry and
exchange market have significantly matured. Billions of dollars worth of
bitcoin and other leading cryptocurrencies such as Ethereum are being
traded on a daily basis. The vast majority of <b>trading</b> platforms and exchanges have already been <b>licensed by governments</b> and financial regulators, creating a more robust and regulated overseas market.<br />
<br />
The global bitcoin market has been regulated to the extent wherein it
is not possible for criminals and fraudsters to cash-in or sell their
bitcoin without triggering existing <b>Know Your Customer (KYC)</b> and <b>Anti-Money Laundering (AML)</b>
systems. Today, the AML and KYC systems incorporated by bitcoin
exchanges and trading platforms are on par with the systems integrated
by conventional banking and financial service providers.<br />
<br />
Through the usage of strict AML and KYC systems, <b>Jonathan Levin, the co-founder of Chainanalysis,</b>
told MIT Technology Review in an interview that it has become
significantly easier for researchers and government officials to
investigate and analyze blockchain data. More to that, through
sophisticated technologies and advanced transaction untangling,
blockchain analysis and transaction tracking tools, Levin explained it
has become possible to trace transactions given that important
conditions are met.<br />
<br />
For instance, <b> since 2015, the U.S. Internal Revenue Service,</b>
the Federal Bureau of Investigation, the Securities and Exchange
Commission, the Drug Enforcement Administration, Immigration and Customs
Enforcement, and Europol, have been collaborating with Chainanalysis to
lead bitcoin-related high profile investigations. Levin noted that law
enforcement and government agencies usually request assistance from the
Chainanalysis team if they obtain a lead, such as a bitcoin address or a
transaction linked to criminals.<br />
<br />
But, as <b>MIT Technology</b> Review <b> senior editor Mike Orcutt</b>
wrote in an analytical column, criminals can avoid the KYC and AML
systems of bitcoin exchanges, as well as the tools utilized by
Chainanalysis and other blockchain analytics companies such as
Blockseer. <b> Fraudsters can purchase anonymous cryptocurrencies
like Zcash and Monero, which have been developed to confine transaction
data and hide transaction flows.</b><br />
<blockquote style="background: rgb(242, 242, 242); border-left-color: rgb(241, 196, 15); border-left-width: 4px; box-sizing: border-box; color: #353536; font-family: ProximaNova, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-style: normal; line-height: 19.6px; margin: 30px; overflow: hidden; padding: 15px 15px 0px;">
<div style="border: 0px; color: grey; font-size: 17px; font-style: italic; line-height: 1.6; margin: 0px 0px 15px; padding: 0px;">
“There
are ways to confuse investigators, such as using so-called mixing
services, which take bitcoins from many users and mix them up before
sending them back out to different addresses at different times. More
important, some newer cryptocurrencies, prominently Zcash and Monero,
are designed to conceal the information that Chainalysis, BlockSeer, and
others use to follow the money,” <a href="https://www.technologyreview.com/s/608763/criminals-thought-bitcoin-was-the-perfect-hiding-place-they-thought-wrong/" style="text-decoration-line: none;">wrote Orcutt.</a></div>
</blockquote>
It is important to acknowledge that bitcoin has significantly evolved since <b>2010,</b>
back when the cryptocurrency’s main use case was to finance ransomware
distributors and online criminals. Bitcoin has become a safe haven asset
and currency for large-scale institutional, retail and professional
investors, as well as casual users across the globe.<br />
<br />
<br />
<span style="font-size: x-small;">iCryptocurrency Says "<a href="https://bitconnect.co/?ref=akacoms1">JOIN BITCONNECT</a>" AND "<a href="https://regalcoin.co/ref/CRYPTOBILLIONNG">JOIN Regalcoin</a>" TODAY!!!<br /><br />Support our broadcast. We appreciate your donations and helping hands.<br />Bitcoin >> 138QHKzao2ZKcbbVzDVruMww6ZmBBsp2BN<br />Ether >> 0xDbf14A559b99E2E7b0b6bd2D92Ea5a3a691f4694<br /><br />Visit our sister website <a href="http://www.akacoms.com/">AKACOMS</a><br />In Crypto and God I Trust<br />"Bitcoin is the currency of the future and the future is NOW" - Gboto Crypto Billion </span><div>
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iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-33189977057458614512017-09-14T04:39:00.001-07:002017-10-02T09:23:53.350-07:00Professor at Major Chinese Government-Affiliated University: It’s Impossible to Ban Bitcoin<div class="separator" style="clear: both; text-align: center;">
<a href="https://bitconnect.co//upload/image/bit_coin_new/1505387828_3244642751_gFz7KCgCl7.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="370" data-original-width="600" height="246" src="https://bitconnect.co//upload/image/bit_coin_new/1505387828_3244642751_gFz7KCgCl7.jpg" width="400" /></a></div>
<div class="lead">
Professor at Major Chinese Government-Affiliated University: It’s Impossible to Ban Bitcoin</div>
In an interview with <b><a class="vglnk" href="http://people.com/" rel="nofollow">People.com</a>,</b> a professor at the <b>Guanghua School of Management,</b> the business school of government-owned public education institution Peking University, emphasized that it is <b>not possible to ban bitcoin.</b><br />
Over the past two weeks, rumors about the potential ban on Chinese bitcoin exchanges led to a slump for <a href="https://bitconnect.co/bitcoin-information/8/legality-of-bitcoin-cryptocurrency" style="text-decoration-line: none;">bitcoin and the cryptocurrency</a>
market. Although China is a not a major bitcoin exchange market by
trading volume, it still has some influence over the global bitcoin
industry as a mining powerhouse.<br />
<br />
No official reports or statements from the Chinese government and financial regulators have been released. But, <b>Caixin,
a state-owned news publication, initially reported that the Chinese
government is considering implementing a nationwide ban on Chinese
exchanges.</b> Western news publications including <b>Bloomberg</b> and <b>WSJ</b> followed shortly thereafter.<br />
<br />
Earlier today, <b>on September 14,</b> The <b>Merkle </b><a href="https://themerkle.com/chinese-bitcoin-exchanges-will-likely-not-be-banned-after-all/" style="text-decoration-line: none;">reported</a> that China’s <b>National Internet Finance Association (NIFA)</b>
has released a statement on the matter to clarity circulating rumors on
the potential Chinese bitcoin exchange ban. NIFA reassured the Chinese
cryptocurrency sector that bitcoin is not illegal and that the Chinese
government is simply looking toward establishing a licensing program for
Chinese exchanges. It will not ban bitcoin exchanges but <b>license regulated trading platforms to provide a more fair and transparent ecosystem for both users and businesses.</b><br />
<br />
At a similar timeframe, <b>Xiaolei Liu, the professor of finance at the Guanghua School of Management</b>
reaffirmed that it is highly unlikely for the Chinese government and
its financial regulators to eliminate current regulatory frameworks
which the government and Chinese exchanges have allocated massive
amounts of resources to establish to simply ban bitcoin trading
platforms in general.<br />
He also encouraged the Chinese government to regulate bitcoin and
blockchain technology in a way that would benefit businesses and users.<br />
<br />
<i>“It is impossible to ban Bitcoin, we are just planning to regulate
Bitcoin. Our actions should benefit Blockchain technology as a whole,” <a href="http://finance.people.com.cn/n1/2017/0912/c1004-29530593.html" style="text-decoration-line: none;">wrote professor Liu.</a></i><br />
<br />
<b>Throughout September, bitcoin, Ethereum and the
cryptocurrency market in general have struggled to recover from negative
press and controversy.</b> The decision of the <b>People’s Bank of China to ban ICOs</b> coincided with the rumor released by Caixin in regard to the potential nationwide Chinese exchange ban.<br />
<br />
But, in the upcoming weeks, as the Chinese government provides a
statement on the issue and rumors about the Chinese bitcoin exchange ban
become dismissed, <b>the Chinese bitcoin exchange market will be able to recover rapidly. Once the Chinese exchange market finds stability,</b>
the global bitcoin market and its investors will likely spur upward
momentum, pushing bitcoin and other cryptocurrencies to new highs.<br />
<br />
As the <b> central bank of Finland emphasized</b> in its latest research paper, <b>it
is important for traders, investors and users of bitcoin to understand
and acknowledge the fact that it is not possible to ban, censor and
block bitcoin.</b> Governments can either help and facilitate the
development of bitcoin as a technology and as a market, or isolate
themselves as other regions prosper.<br />
<br />
Credit to: Joseph Young<br />
<br />
<span style="font-size: small;">iCryptocurrency Says "<a href="https://bitconnect.co/?ref=akacoms1">JOIN BITCONNECT</a>" AND "<a href="https://regalcoin.co/ref/CRYPTOBILLIONNG">JOIN Regalcoin</a>" TODAY!!!<br /><br />Support our broadcast. We appreciate your donations and helping hands.<br />Bitcoin >> 138QHKzao2ZKcbbVzDVruMww6ZmBBsp2BN<br />Ether >> 0xDbf14A559b99E2E7b0b6bd2D92Ea5a3a691f4694<br /><br />Visit our sister website <a href="http://www.akacoms.com/">AKACOMS</a><br />In Crypto and God I Trust<br />"Bitcoin is the currency of the future and the future is NOW" - Gboto Crypto Billion </span>iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-71178162933051192432017-09-13T19:07:00.000-07:002017-10-02T09:23:28.708-07:00Forget China, Argentina Is About To Roll out 250 Bitcoin ATMs<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlKMPIVoS_Zc-MJZrm434xFyJ9eeyjx7DalSu2ZCQn6sesYsGCUqBZtplgLqMbMjknyc971kaq1Oe4TJOOqNbDReODGPKkTvUtOF11Dq03kEcsNc9Joscrbze8I7n7laDKEkXAm7iQ6OA/s1600/1505224559_8245645297_sRhq3qskIu.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="370" data-original-width="600" height="246" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlKMPIVoS_Zc-MJZrm434xFyJ9eeyjx7DalSu2ZCQn6sesYsGCUqBZtplgLqMbMjknyc971kaq1Oe4TJOOqNbDReODGPKkTvUtOF11Dq03kEcsNc9Joscrbze8I7n7laDKEkXAm7iQ6OA/s400/1505224559_8245645297_sRhq3qskIu.jpg" width="400" /></a></div>
<br />
<br />
Bitcoin is back <b> above 4000</b> and the Chinese
exchanges and it looks as though the we saw over the last four weeks was
temporary, fear driven selling. Sentiment looks to be strengthening and
it looks to it's paving the way for some positive news to compound the
recovery and really get things <b> moving </b>to the <b>upside</b> once more.<br />
<br />
<b>Cue Argentina.</b><br />
Markets just learned that <b>Argentina</b> is set to make a play in the <b>bitcoin</b> and <b>blockchain</b> space and – as something of a <b>nice reprieve</b> from the recent bout of <b>negative news</b> – it's a strong, crypto-supportive play at that.<br />
This week, reports hit press that Argentina would be getting <b>around 250 bidirectional ATMs</b> as soon as next month – ATMs that are designed to facilitate both transactions in fiat currency and, you got it, bitcoin.<br />
<br />
The company that is setting them up is called <b>Odyssey Group </b>and the announcement came by way of an interview with Odyssey CEO and founder <b>Sebastián Ponceliz.</b>
According to Ponceliz, almost immediately after installation, the ATMs
will be able to handle transactions in bitcoin, but also Ethereum and
Litecoin. Further, they are set up so as to allow for additional coins
to be added to the mix over time, with these additions based on general
popularity for the claims in question.<br />
Once the initial Argentinian machines are in place, Odyssey has
suggested that it will seek to expand into other areas in and around <b>Latin America and Mexico</b>, as well as potentially Europe if the initial rollout is a success.<br />
<br />
This isn’t the first ATM news we have had in <b>September</b> – just last week, we learned that an Australian company is set to launch as many as <b>2500 bidirectional ATMs across Australia</b> at the start of next year.<br />
It's looking like, against the backdrop of Chinese indecision as to
regulatory action, for the nations around the world are acting swiftly
to adopt bitcoin and its buying technology – surely a good thing for the
space as a whole.<br />
<br />
Credit to: <b style="font-weight: 900 !important;">Author : </b>Jack Dean<br />
<br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLWtU1wHGcOYV5v5eRFmGuP4iDFrnFHDn_LczcyqUaQ9ZsgtE-8L_4n5PEIaBnXG_o-KZq44DHf_uyiyGya8MUq9tPFV_sLQLz-Gd4GMYTUiqXloc7JL9XkBn06oZqcsGdmQvB3TWBraY/s1600/1600.480.Stockyards_522284d4-f0ae-5102-046be930fdf0ba10.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="480" data-original-width="1600" height="192" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLWtU1wHGcOYV5v5eRFmGuP4iDFrnFHDn_LczcyqUaQ9ZsgtE-8L_4n5PEIaBnXG_o-KZq44DHf_uyiyGya8MUq9tPFV_sLQLz-Gd4GMYTUiqXloc7JL9XkBn06oZqcsGdmQvB3TWBraY/s640/1600.480.Stockyards_522284d4-f0ae-5102-046be930fdf0ba10.gif" width="640" /></a></div>
<br />
Buying bitcoin is now the most crowded trade in the financial markets.<br />
According to a recent Bank of America survey, 26 percent of 181 fund
managers polled (who oversee a combined $629 billion in assets) cited <a href="https://www.coindesk.com/information/what-is-bitcoin/">bitcoin</a>
as the most crowded trade. The second most popular choice for the
distinction was going long on the Nasdaq composite index, picked by 22
percent of respondents, followed by shorting the dollar, cited by 21
percent.<br />
<br />
Notably, it was the first time the cryptocurrency has appeared on the list.<br />
The upshot of the news is that, with so many investors having piled
into the market, it could portend an eventual stampede to sell.<br />
<br />
The Office of Financial Research, a bureau of the U.S. Treasury created after the 2008 financial crisis, <a href="https://www.treasury.gov/initiatives/wsr/ofr/Documents/OFR_Annual_Report_071912_Final.pdf" rel="noopener" target="_blank">defines</a>
a crowded trade as "a trade in which the market participants have large
and similar positions, creating the risk that there will be
insufficient liquidity should market participants seek to unwind their
positions simultaneously."<br />
<br />
"Such concentration creates fragility in the financial system," the
office said in a report published in 2012, back when few if any
institutional investors had probably even heard of bitcoin.<br />
That said, the market conditions may be having short-term benefits.
Bitcoin has roughly quadrupled in value since the beginning of this
year. At press time, its price was down over 7 percent for the day at
$3,843, according to CoinDesk's <a href="https://www.coindesk.com/price/">Bitcoin Price Index</a>.<br />
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iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-42113607504816150982017-09-12T13:10:00.003-07:002017-09-12T13:10:43.399-07:00Swiss Town to Accept Tax Payments in Bitcoin<div class="separator" style="clear: both; text-align: center;">
<a href="https://thumb1.shutterstock.com/display_pic_with_logo/2113682/235734019/stock-photo-a-piggy-bank-with-switzerland-flag-near-banknotes-on-the-white-background-235734019.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="318" data-original-width="450" height="281" src="https://thumb1.shutterstock.com/display_pic_with_logo/2113682/235734019/stock-photo-a-piggy-bank-with-switzerland-flag-near-banknotes-on-the-white-background-235734019.jpg" width="400" /></a></div>
<span style="font-weight: 400;">The municipality of Chiasso in Switzerland is to start accepting tax payments in bitcoin, according to a local news report. </span><br />
The new scheme, to be put into place for the start of next year, was
apparently made following discussion with various blockchain groups
based in the area.<br />
<span style="font-weight: 400;">There are limits to the scheme, however, and tax payments made in bitcoin cannot exceed 250 Swiss francs (around $265), the <a href="https://www.swissinfo.ch/eng/business/swiss-fintech_chiasso-accepts-tax-payments-in-bitcoin/43503464">report states</a>.</span><br />
The Mayor of Chiasso, Bruno Arrigoni, was cited as saying that the
town is "recognised internationally as an epicentre of a growing
technological and economic growth for both the canton and in
Switzerland."<br />
<span style="font-weight: 400;">Nicknamed the "CryptoPolis," Chiasso is set on establishing itself as a rival to the country's <a href="https://www.coindesk.com/information/what-is-blockchain-technology/">blockchain</a> epicentre Zug, and has reportedly seen eight startups set up base there in the past few months.</span><br />
<span style="font-weight: 400;">Zug, which has become famous
internationally as Switzerland's "Cryptovalley," announced it would
allow citizen to pay for government services in digital currencies back
in <a href="https://www.coindesk.com/swiss-city-bitcoin-payments-government-services/">2016</a>. However, Zug has not made any move to integrate bitcoin tax payments as an option for its inhabitants.</span><br />
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iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-26931083039250810372017-09-10T01:54:00.000-07:002017-09-10T01:54:07.893-07:00Chiasso, Switzerland Municipality to Allow Citizens to Pay Taxes in Bitcoin<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgE8lMpKtOny0YF0ADPCohUxfzbvAbKWrZX7C2dSPmsd9icAgMGTAyu_amezbHEo_wtZM1qdEKL6ETuF5Yd4e89zzjFWbzgN6G0IEbiuk4k1kISHF5aiXWLXmh27t1D5t-uUMyIsx-9fW4/s1600/pay_my_property_taxes.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="302" data-original-width="397" height="303" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgE8lMpKtOny0YF0ADPCohUxfzbvAbKWrZX7C2dSPmsd9icAgMGTAyu_amezbHEo_wtZM1qdEKL6ETuF5Yd4e89zzjFWbzgN6G0IEbiuk4k1kISHF5aiXWLXmh27t1D5t-uUMyIsx-9fW4/s400/pay_my_property_taxes.jpg" width="400" /></a></div>
<strong>The Swiss municipality of Chiasso has announced that it will
accept tax payments in bitcoin from January 2018 onwards. The
announcement signifies a further gathering of momentum for Switzerland’s
bid to become a global leader in the bitcoin and cryptocurrency
industries, with Chiasso seeking to rival Zug’s Crypto Valley as a major
global hub for bitcoin adoption and innovation.</strong><br />
<br />
<h2 style="text-align: center;">
Chiasso Citizens Will Be Able Use Bitcoin to Pay Taxes in Quantities of up to 250 Swiss Francs Starting January 2018</h2>
<img alt="Chiasso, Switzerland to Allow Citizens to Pay Taxes in Bitcoin" class="alignright size-medium wp-image-59593" height="169" src="https://news.bitcoin.com/wp-content/uploads/2017/09/shutterstock_641375104-300x169.jpg" width="300" /><br />
Chiasso, Switzerland is seeking to establish itself as a global hub for bitcoin adoption, <a href="http://www.chiasso.ch/fileadmin/user_upload/Chiasso.ch/Comunicati_stampa/Documenti/Incontro_Municipio_con_imprenditori_e_esperti_sviluppatori_attivi_nel_mondo_Bitcoin_e_Blockchain.pdf" rel="noopener" target="_blank">announcing</a>
that citizens can now pay their taxes using bitcoin. The announcement
further solidifies Switzerland as a world leader in bitcoin adoption,
with Chiasso moving to compete with Zug as the dominant Swiss center for
cryptocurrency innovation. Chiasso will begin accepting bitcoin as a
form of taxation payment beginning in January 2018, with the city
planning to trial the method by initially restricting payments to values
up to 250 Swiss francs (CHF). Zug currently accepts taxation payments
in bitcoin of up to 200 CHF, and since July has received more than 40
payments in bitcoin.<br />
Chiasso officials are hoping that the expanding cryptocurrency
industry can replace lost tax revenues from the diminishing local
banking sector. Chiasso mayor, Bruno Arrigoni, has <a href="https://www.swissinfo.ch/eng/swiss-fintech_chiasso-accepts-tax-payments-in-bitcoin/43503464" rel="noopener" target="_blank">stated</a>
that “Chiasso is recognized internationally as an epicenter of a
growing technological and economic growth for both the canton and in
Switzerland”. Local officials have sought to brand the municipality as
“CryptoPolis” in a bid to attract cryptocurrency start-ups.<br />
<h2 style="text-align: center;">
The Chiasso Mayor Has Met With a Number of Cryptocurrency Based Businesses in Recent Months</h2>
<img alt="Chiasso, Switzerland to Allow Citizens to Pay Taxes in Bitcoin" class="alignright size-medium wp-image-59597" height="193" src="https://news.bitcoin.com/wp-content/uploads/2017/09/shutterstock_604801112-300x193.jpg" width="300" /><br />
The Chiasso administration has taken a number of steps designed to
attract cryptocurrency companies. Chiasso’s mayor is reported to have
met with numerous cryptocurrency entrepreneurs in recent months, with
the mayor claiming that eight start-ups have recently established
headquarters in the municipality. The press release also states that
“the Executive will evaluate the possibility of participating as a
founding partner in the formation of a non-profit BHB foundation, which
will involve some of the highest representatives of Chiasso’s Blockchain
/ Bitcoin technology.”<br />
Chiasso’s government announced measures intended to foster innovation in its local cryptocurrency industry, including the <a href="https://www.tomshw.it/bitcoin-pagare-imposte-sperimentazione-chiasso-88129" rel="noopener" target="_blank">development</a> of “in-depth courses in upper secondary schools” designed to bolster cryptocurrency literacy among students.<br />
<br />
<em><strong>Do you think that Chiasso will be successful in its bid
to rival Zug as the Swiss center for cryptocurrency innovation? Share
your thoughts in the comments section below!</strong></em><br />
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iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-8266526022637849852017-09-10T01:50:00.000-07:002017-09-10T01:50:13.053-07:00Russia Makes Its First Bitcoin Arrests for Illegal Trading<div class="separator" style="clear: both; text-align: center;">
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Police in <a href="https://www.cryptocoinsnews.com/tag/russia/">Russia</a> arrested three men last week, charging them with illegally trading 500 million rubles (around $9 million) worth of <a href="https://www.cryptocoinsnews.com/tag/bitcoin/">bitcoin</a>, the first criminal case against bitcoin sales in the country, <a href="http://www.vedomosti.ru/technology/articles/2017/09/01/732040-politsiya-fsb-zaderzhali">Vedomosti</a>
reported. The arrests in Kostroma, 260 miles northeast of Moscow,
demonstrate the government’s desire to crack down on money laundering,
presenting a challenge to a country that wants to support cryptocurrency
development, according to <a href="https://www.forbes.com/sites/kenrapoza/2017/09/03/russia-opens-first-criminal-case-involving-bitcoin/#70a39daf5b6e">Forbes</a>.<br />
Irina Volk, a press officer for the Ministry of Internal Affairs,
said the men are being charged with illegal banking. Their names have
not been released.<br />
Police found activity in bank accounts connected to 300 bank cards
and sim cards used to store bitcoin. Prosecutors believe the money was
moving into accounts held by family members.<br />
<h2>
Russia’s Approach To Bitcoin</h2>
Russian courts in the past have blocked bitcoin websites and
exchanges to prevent people from transferring the cryptocurrency into
rubles. They have not charged anyone for doing so.<br />
Money laundering in Russia is a problem, and bitcoin and Ether present ways for people to hide cash and avoid taxes.<br />
<br />
While Russians cannot legally transfer bitcoin into rubles,
discussions are taking place in the Russian parliament about the risks
posed by bitcoin exchanges.<br />
<h2>
Challenges And Opportunities</h2>
Despite the legal roadblocks, the government recognizes
cryptocurrencies present opportunities in Russia. The government would
like to see more of crypocurrency technologies develop within its
borders. The country has the talent to make this happen.<br />
The regulator for the Moscow Stock Exchange said in July the exchange
is exploring legalizing cryptocurrency trading on the MOEX.<br />
<a href="https://www.cryptocoinsnews.com/tag/alexei-moiseev/">Alexei Moiseyev</a>,
the deputy finance minister, told Roissiya 24 news in August the
exchange will initially allow qualified investors to trade
cryptocurrency as a way to avoid large money laundering operations. He
said it is important to be able to track cryptocurrency transactions.<br />
<em>Also read: <a href="https://www.cryptocoinsnews.com/russia-may-ban-bitcoin-mining-residential-spaces/">Russian regulator wants to keep bitcoin away from the public</a></em><br />
<h2>
Crypto Infrastructure Slowly Evolves</h2>
The executive board chairman of the MOEX National Settlement
Depository, Eddie Astanin, said the board wants to create a
user-friendly and secure infrastructure for digital assets. He said the
platform will provide legal and technological protection of all parties,
but will increase the variety of post-trade services for entities
emerging in this sector of the economy.<br />
The country’s central and financial authorities are working on a
legal framework for bitcoin, but there are no regulatory proposals at
present. This could snag the process of legalizing the transfer of
bitcoin into rubles. While the political will exists, the government
wants to crack down on money laundering.<br />
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iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-31409180599425231902017-09-08T21:44:00.001-07:002017-09-08T21:44:46.240-07:00Man bought £15 in bitcoins, forgot about them, now they’re worth almost £600,000<div class="separator" style="clear: both; text-align: center;">
<a href="https://metrouk2.files.wordpress.com/2015/12/gettyimages-167577081.jpg?w=748&h=491&crop=1" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="491" data-original-width="748" height="262" src="https://metrouk2.files.wordpress.com/2015/12/gettyimages-167577081.jpg?w=748&h=491&crop=1" width="400" /></a></div>
<strong>A Norwegian man who bought £15 worth of <a href="http://metro.co.uk/2014/08/15/6-things-youve-always-wanted-to-ask-about-bitcoin-4832089/">bitcoins</a> for a thesis on encryption has discovered his collection is now worth £584,000.</strong><br />
Purchased in 2009 for 150 kroner, the 5,000 bitcoins were all but forgotten about until recently.<br />
Their owner Kristoffer Koch, from Oslo, was reminded by all the
negative press surrounding bitcoins and wondered how his were getting
on.<br />
As bitcoins are stored in encrypted wallets secured with a private
key, he had to work out the password – and once Koch got into his wallet
he was stunned at how much he had to play with.<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://metrouk2.files.wordpress.com/2015/12/img.jpg?w=620&h=620&crop=1" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="612" data-original-width="612" height="400" src="https://metrouk2.files.wordpress.com/2015/12/img.jpg?w=620&h=620&crop=1" width="400" /></a></div>
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
‘It said I had 5,000 bitcoins in there. Measuring that in today’s rates it’s about £600,000,’ he said.<br />
Koch exchanged a fifth of his 5,000 bitcoins to help buy an apartment in Toyen, one of the Norwegian capital’s wealthier areas.<br />
His partner was originally skeptical about bitcoins but has since changed her view of the bizarre currency.<br />
‘She thinks I spend money on a bunch of crap. I buy a lot of
technical little things that I never have time to use, and this was the
worst of all, the fact that I was buying fake money,’ Mr Koch said.<br />
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<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
Now she reckons her boyfriend ‘should be allowed to buy the things’
he wants. But she might not be saying that if the value of the <a href="http://metro.co.uk/2013/10/26/silk-road-fbi-seize-28m-bitcoin-stash-from-owner-ross-ulbricht-4161829/">coin suddenly plummets as it did in 2013 after online black market Silk Road was shut down.</a><br />
You can now spend bitcoins themselves in British venues including <a href="https://www.individualpubs.co.uk/pembury/">a pub in Hackney</a>, and there is an bitcoin ATM in Canada which functions by scanning your hand.<br />
If you want to get your mitts on some bitcoins, you can buy them on
an online exchange or you can ‘mine’ them which means solving a very
complex equation on a computer.<br />
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After four years of bitcoins, there are about 11 million in
existence. The number of bitcoins that can ever be mined will be
exhausted at 21 million.<br />
One bitcoin is worth £276.09 at the time of writing.<br />
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iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-31844251356137060012017-09-08T21:41:00.000-07:002017-10-02T09:28:02.065-07:00What is bitcoin and how much is it worth?<div class="separator" style="clear: both; text-align: center;">
<a href="https://metrouk2.files.wordpress.com/2017/05/pri_39775894.jpg?w=748&h=499&crop=1" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="499" data-original-width="748" height="266" src="https://metrouk2.files.wordpress.com/2017/05/pri_39775894.jpg?w=748&h=499&crop=1" width="400" /></a></div>
Bitcoin is a currency that is created and held electronically. It is the first example of cryptocurrency.<br />
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
<br /></div>
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
A cryptocurrency is a digital currency where encryption techniques
are used to regulate the generation of units of currency and verify the
transfer of funds without a central bank.<br />
<h2>
<b>What is a bitcoin?</b></h2>
Bitcoin is decentralised, which means that no single authority or institution holds or controls the bitcoins.<br />
Regular currency is controlled by one governing authority such as a
central bank. If the country requires more money it can print more money
but that devalues the currency and leads to inflation.<br />
Bitcoins can be transferred electronically and practically instantly
and have historically had low transaction fees, though this is something
that has recently changed.<br />
<a href="http://mashable.com/2017/08/28/bitcoin-transaction-fees/#OgU0YYqbBkqo">Mashable.com</a>
reported that Bitcoin transaction fees have soared of late, thanks to a
block in the Bitcoin blockchain, which is limiting the number of
transactions that can go through at any given time.<br />
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
<h2>
<b>How are bitcoins created?</b></h2>
Only 21 million bitcoins can ever be created in order to protect the
value of the bitcoin system. Bitcoins can be ‘mined’, which is the
process of actually creating bitcoins, or they can be bought using
regular currency.<br />
Bitcoins can be mined using computer software and a mathematical formula designed by the Bitcoin founder Satoshi Nakamoto.<br />
Satoshi Nakamoto is anonymous and could be one person or a group of software developers.<br />
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
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<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
Some people have claimed to be the Bitcoin founder but to date, the Bitcoin inventor’s identity remains anonymous.<br />
Bitcoins are created digitally by a community of people that anyone can join.<br />
Each machine that mines bitcoins makes up part of the network and each machine works together.<br />
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Bitcoins are made or ‘mined’ by computer power on the bitcoin
network. Miners use the computer software to follow the mathematical
formula to produce bitcoins.<br />
The mathematical formula is freely available for anyone to check and
the software used is open source, meaning anyone can check it.<br />
Bitcoins are not based on gold or federal reserves but on mathematics.<br />
Bitcoins are created as a reward for mining, they can be exchanged for other currencies, products or services.<br />
They are used to purchase goods or services on the digital black market.<br />
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<b>How do bitcoins work?</b></h2>
There are certain rules governing the creation of bitcoins; miners cannot just keep producing bitcoins as they please.<br />
Because only 21 million bitcoins can ever be produced by miners, the
value of the system is preserved and the value of the bitcoins
fluctuates wildly, depending on supply and demand. the bitcoins can
then be divided into smaller parts.<br />
Bitcoins can then be divided into smaller parts – you do not have to buy an entire bitcoin.<br />
The smallest divisible bitcoin amount is one hundred millionth and is called a Satoshi after the founder of bitcoin.<br />
Bitcoin transactions are sent to and from Bitcoin wallets, which is where your bitcoins are stored electronically.<br />
Bitcoin transactions are completely transparent, any bitcoin
transaction can be traced back to the point where the bitcoins were
produced.<br />
The <a href="https://blockchain.info/">‘the block chain’</a> is a public ledger where every bitcoin transaction that ever took place is noted.<br />
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However bitcoin is completely anonymous as bitcoin addresses are not
linked to names, addresses or other personally identifying information
and any one user can hold multiple bitcoin addresses.<br />
Anyone can see how many bitcoins are held at a certain address but they don’t know who the address belongs to.<br />
Once you have made a transaction using bitcoins there is no way to get them back unless the recipient returns them.<br />
Each transaction has three pieces of information attached: An input
(bitcoin address that sent the bitcoins), an amount (amount of bitcoins
being sent) and an output (the recipient’s bitcoin address).<br />
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<b>How can you use bitcoins?</b></h2>
You can start trading with bitcoins by buying bitcoins using your credit card.<br />
Then once you have acquired some bitcoins you need to get yourself a bitcoin wallet to store it.<br />
You need a special key to make transactions to other bitcoin users.<br />
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<b>How much is a bitcoin worth?</b></h2>
Much to economists’ confusion, bitcoins are traded and used as a form of currency.<br />
For a form of currency to be successful it must be both a store of value and a medium of exchange.<br />
Many users of Bitcoin will rave about how effective Bitcoin is as a medium of exchange.<br />
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Traditional currency is backed by reserves assets or unconsumed goods. In the past currency was backed by gold.<br />
However, there is no consensus as to what exactly gives bitcoins its
intrinsic value. Some say it’s the maths and technology behind it.
Others say it is the effort of the miners to make the bitcoins.<br />
Investing in bitcoin is a gamble just like investing in any over-inflated industry, good or service.<br />
One Bitcoin is currently worth £3337.98 ($4309.30/€3612), but this
figure fluctuates a lot and bitcoin has almost doubled in value since
July.<br />
As it stands, if you invested $2,000 into bitcoin five years ago you could be a millionaire today.<br />
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iCryptocurrencyhttp://www.blogger.com/profile/01734678306540950293noreply@blogger.com0tag:blogger.com,1999:blog-7888542822166024172.post-73507750971951404322017-09-08T21:37:00.000-07:002017-09-08T21:41:52.989-07:00Bitcoin's price tanks after report China may shut down exchanges<br />
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<li>Local outlet Caixin is reporting the Asian
country is planning to shut down local bitcoin exchanges, according to a
Google translation.</li>
<li>Bitcoin's price fell 7 percent Friday after the news, according to Coindesk market data.</li>
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The price of <a class="inline_quotes" data-gdsid="76662810" data-inline-quote-symbol="BTC=-USS" href="https://www.cnbc.com/quotes/?symbol=BTC%3D-USS">bitcoin</a> fell sharply after a report China's regulators are planning a further crackdown on the digital currency.<br />
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Local outlet Caixin is <a class="inline_asset" href="http://finance.caixin.com/2017-09-08/101142797.html" title="http://finance.caixin.com/2017-09-08/101142797.html">reporting</a> the Asian country is planning to shut down local bitcoin exchanges, according to a Google translation. <br />
Bitcoin's price fell 7 percent midafternoon Friday after the news, according to Coindesk market data. <br />
<br />
On Monday, Chinese regulators <a href="https://www.cnbc.com/2017/09/04/bitcoin-digital-currency-price-falls-on-china-ico-ban.html">announced</a>
a ban on organizations from raising funds using initial coin offerings
(ICOs), which sparked a $200 decline in the price of bitcoin.<br />
The price of the cryptocurrency is still up nearly 350 percent year to date.<br />
But billionaire investor Howard Marks
is not impressed, telling his clients Thursday he will not invest in
bitcoin even though it can be used as a legitimate form of currency.<br />
"I think I understand what a
digital currency is, how bitcoin works, and some of the arguments for
it. But I still don't feel like putting my money into it, because I
consider it a speculative bubble," Marks wrote in an investor letter.<br />
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iCryptocurrency Says "<a href="https://bitconnect.co/?ref=akacoms1">Make Money. $100 Life Changer</a>"<br />
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