Bitcoin price has been exhibiting a downward trend from the past few days. The fall in Bitcoin price is attributed to uncertainties regarding the outcome of the meeting between Bitcoin Core developer group and miners. With the miners and developers continuing their meeting behind closed doors to discuss the future of Bitcoin, the digital currency community is left speculating about the future of Bitcoin. The Bitcoin network is in need of scaling up as the community grows. However, the lack of consensus between developers and miners has prevented much progress in this regard. As the anticipation grows, the very fact that a section of Bitcoin community – consisting of developers and miners – meeting in private is a matter of concern. Bitcoin is an open sourced, transparent peer-to-peer ecosystem and the current developments don’t inspire much confidence in it. http://www.newsbtc.com/2016/08/02/bitcoin-core-miners-meet-price-drops/ |
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On July 25, Miami-Dade Florida circuit judge Teresa Pooler dismissed money-laundering charges against Michell Espinoza, a local bitcoin seller. The decision is a welcome pause on the road to financial serfdom. It is a small setback for authorities who want to fight crime (victimless or otherwise) by criminalizing and tracking the “laundering” of the proceeds, and who unreasonably want to do the tracking by eliminating citizens’ financial privacy, that is, by unrestricted tracking of their subjects’ financial accounts and activities. The US Treasury’s Financial Crimes Enforcement Network (FinCEN) is today the headquarters of such efforts. As an Atlanta Fed primer reminds us, the authorities’ efforts are built upon the Banking Secrecy Act (BSA) of 1970. (A franker label would be the Banking Anti-Secrecy Act). The Act has been supplemented and amended many times by Congress, particularly by Title III of the USA PATRIOT Act of 2001, and expanded by diktats of the Federal Reserve and FinCEN. The laws and regulations on the books today have “established requirements for recordkeeping and reporting of specific transactions, including the identity of an individual engaged in the transaction by banks and other FIs [financial institutions].” These requirements are collectively known as Anti-Money-Laundering (AML) rules. http://www.cato.org/blog/victory-bitcoin-users |
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Online advertisements have become a nuisance that internet users are fed up with. As the users try to make peace with online advertisements, the ads continue to become more obtrusive, forcing people to find alternate measures like ad blockers. One of the topics discussed at the recently concluded Blockchain+Digital Currencies conference was related to the role of digital currencies in improving the online media experience. Advertisements are an integral part of various online media websites. These platforms generally offer content to its consumers for free, while generating revenue through advertisements. Without advertisements, most of these platforms will be unable to sustain their operations. At the same time, these very ads kill the user experience. In addition to causing interference, these online ads distributed through ad networks also employ trackers and cookies which keep track of user activities while meddling with the page load times. Media platforms can improve their user experience by eliminating advertisements if they can find an alternate way to generate revenue. Bitcoin and other digital currencies may be able to offer these online media sites with that alternative revenue channel. http://www.newsbtc.com/2016/07/31/the-role-of-bitcoin-paywall-in-improving-online-media/ |
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Bitcoin Price Key Highlights Bitcoin price was trading inside a symmetrical triangle pattern before a strong breakdown ensued. An early signal for this selloff materialized on the 1-hour time frame when price broke below a head and shoulders pattern. Economic reports released last Friday seemed to be the main catalyst for the big move. Bitcoin price made a sharp breakdown from consolidation recently, signaling that a longer-term downtrend could take place. http://www.newsbtc.com/2016/08/01/bitcoin-price-technical-analysis-08012016-breakdown-alert/ |
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Bitcoin enthusiasts who have been looking at the price charts will have noticed things are heading in the wrong direction. The meeting between Bitcoin miners and Core developers is causing a lot of concern right now, resulting in a Bitcoin price crash. These closed-door meetings are having a similar effect every time they take place, though. It is not the first time Bitcoin Core developers and major mining pool operators come together for such a meeting. Several of these events have taken place over the past few months, all of which revolve around the upcoming block size increase issue. Interestingly enough, the Bitcoin price drops as soon as these meetings take place every single time. http://www.newsbtc.com/2016/08/01/bitcoin-price-drops-block-size-uncertainty-looms-yet/ |
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Bitcoin has been called 'digital gold', but does this mean the two markets behave similarly? This relationship has been top of mind for industry observers for some time, as media coverage has often championed the idea bitcoin is a new 'safe haven' asset. But while some market observers have claimed there is a correlation between bitcoin and gold, members of the digital currency trading community disagree. Further, some have collected data they believe shows this relationship is speculative at best. Though bitcoin and gold have frequently displayed a notable correlation during times of macroeconomic crisis, this relationship has often broken down once market conditions return to normalcy. http://www.coindesk.com/bitcoin-gold-prices-correlated/ |
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Florida Ruling Denying Bitcoin Is A Currency Draws Mixed Reactions Bitcoin experts gave different reactions to the Florida court ruling last week that bitcoin is not currency, according to CNBC, including the view that the ruling doesn’t have much impact on the cryptocurrency’s future. Florida judge Teresa Pooler dismissed felony charges against Michell Espinoza who sold bitcoins to an undercover detective. Pooler ruled that bitcoins are not tangible wealth. She noted bitcoins cannot be hidden under a mattress like gold bars and cash. The prosecution charged Espinoza with violating an anti-money laundering statute. https://www.cryptocoinsnews.com/florida-ruling-denying-bitcoin-currency-draws-mixed-reactions/ |
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At the annual Digital Payments Conference held at the Meikles Hotel Zimbabwe on July 28, the Reserve Bank of Zimbabwe (RBZ) warned the country’s citizens against the various risks involved in using Bitcoin. The central bank’s Senior Executive of the National Payment Systems department Josephat Mutepfa, told the event’s audience—which primarily consisted of financial startups, experts, and entrepreneurs—that despite the popularity of Bitcoin, the Reserve Bank of Zimbabwe discourages the use of Bitcoin. This is due to the lack of regulatory frameworks for exchanges and startups providing digital currency related financial services. While economic benefits of using digital currencies such as Bitcoin are evident to the central bank, the organization believes that any type of unregulated alternatives must be approached with caution, even if it provides the unbanked an opportunity to regain financial control. Mutepfa specifically identified some Bitcoin startups including Bitmari, a company which enables Zimbabweans to send money across other countries in Africa, at substantially lower costs by using Bitcoin. https://cointelegraph.com/news/zimbabwe-central-bank-warns-bitcoin-use-no-regulations-yet |
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A Miami, FL.-based judge issued a ruling last week in a criminal case involving bitcoin and money laundering that the world’s most popular digital currency is not money, reported Forbes. Mitchell Espinoza, the defendant in the case, allegedly sold bitcoin for a profit on localbitcoins.com. In 2013, Miami Beach Police Department Detective Arias and U.S. Secret Service Special Agent Gregory Ponzi, while undercover, reached out to Espinoza about a potential acquisition of bitcoin. Court documents say that Detective Arias told Espinoza at a second arranged sale that he was involved in buying stolen credit card numbers from a Russian criminal gang using bitcoin and asked him if he would be willing to accept stolen credit card numbers as payment for bitcoin in the future. Espinoza, say the court documents, said he would think about it, but never did. https://coinreport.net/bitcoin-is-not-money/ |
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Bitcoin and Ethereum, sitting in a tree, k-i-s-s-i-n-g! As the old schoolyard rhyme goes. The two cryptocurrencies, one launched seven years by a pseudonymous Satoshi Nakamoto, the other launched exactly one year ago, may not appear to be lovers at first glance. As I write this from San Francisco, where I’m giving a presentation to the Ethereum developers later this morning, the fog hasn’t yet burnt off, but the city is already bustling. What an amazing city - the last time I was here to meet up with my Bitcoin and cryptocurrency friends, I was 20 pounds lighter and gaunt. I’d shut down my popular podcast on iTunes after some sponsors withdrew; the price of Bitcoin was less than a third of what it is today and Ethereum wasn’t even alive yet. A media friend had told me cryptocurrency was “as dead as Kennedy,” and that I should move on. It wasn’t dead then. And it’s certainly not dead today. http://www.huffingtonpost.com/david-seaman/bitcoin-and-ethereum-sitt_b_11278838.html |
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What is Bitcoin? If you ask a Bitcoin user, he will call it a form of currency similar to the US dollar or the British Pound Sterling. However, when it comes to the government bureaucracy and the judiciary the answer isn’t that simple. The debate about whether Bitcoin is a currency or a commodity is reignited following the recent judgement in a lawsuit against Michell Espinoza. Michell Espinoza, who was charged with money laundering and illegal selling of digital currency was cleared of all charges. Florida Judge Teresa Pooler, presiding the case declared that Bitcoin still has a long way to go before it is considered as money. While it turned out to be a good thing for Michell, the digital currency community is finding it hard to digest the judgement. A recent article on one of the leading business news portal has quoted several people with interests in Bitcoin and other digital currencies criticizing the Judge’s decision. Three different US government agencies, FinCEN, CFTC, and IRS have designated Bitcoin as a currency, commodity, and an asset respectively. According to Christopher Burniske from ARK Investment Management, Judge Pooler may have made a mistake by not considering Bitcoin as money. He was quoted by the publication saying, “Just because the Kenyan shilling is not accepted by all merchants doesn’t mean it’s not a currency, and the same applies to bitcoin.” http://www.newsbtc.com/2016/07/30/judge-poolers-view-bitcoin-leads-debate-bitcoins-status/ |
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Bitcoin’s price dropped by $30 this morning as market uncertainty increases due to an on-going closed door meeting between Bitcoin miners and Bitcoin Core developers. Details are sparse as no media representatives or independent observers have been invited to arguably the most important meeting in bitcoin’s almost eight-year history. What is known is that the meeting is attended by seven Chinese miners or representatives of mining companies and 20 Bitcoin Core/Lightning Network developers. No one has been invited from the Bitcoin Unlimited or Bitcoin Classic team as far as is known with Roger Ver, a bitcoin early adopter and angel investor publicly stating: “To be clear, myself, Peter Smith, CEO of Blockchain.info, and I assume just about every other consumer facing business were not invited. It seems to only be Miners, and Core.” https://www.cryptocoinsnews.com/bitcoins-price-falls-miners-meet-bitcoin-core-developers/ |
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A Cryptocurrency vending machine has been found at the Massachusetts Institute of Technology (MIT). Just recently MIT Media Lab’s Ethan Zuckerman tweeted to his followers about the campus’ machine, which accepts bitcoin and is stocked with nothing but Soylent meal replacement drinks. Bitcoin-Only Automated Vending Could Be the Future MIT is not the first to display a vending machine that accepts cryptocurrency. In fact, it’s been done numerous times since early 2012. Chris Smolen, founder of Utica-based Upstate Networks created a vending machine that allows customers to use bitcoin. Smolen said that, at the time, he believed Bitcoin could revolutionize these types of machines. “I [thought] it could be as big as email in terms of the advent of the Internet,” Smolen explained. “Once people realize the ease of these payments, they’ll never go back to Visa or MasterCard.” https://news.bitcoin.com/evolution-bitcoin-vending-machine/ |
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With all the coverage surrounding massive Crypto Theft and Scams recently, whether it’s The DAO, OneCoin, or questionable ETC ownership policies on major exchanges, it’s easy to ignore the more mundane events in this arena. Luckily, Steve Manos, A man in Lake Worth Florida, was brave enough to ignore best practices and common sense to bring us this gem of an example of how not to buy Bitcoin. http://bitcoinist.net/floridian-thieves-use-local-bitcoin-exchange-service-to-rob-their-customers/ |
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Bitcoin price after a ride towards the $680 level against the US Dollar failed and started moving down. This past week was mostly ranging moves for the BTC/USD pair. However, today the price found a lot of sellers and sharply moved down. During the downside move, the price broke a couple of important support levels, which opened the doors for more losses in the near term. First, a major bullish trend line formed on the 4-hours chart (data feed from Bitstamp) of BTC/USD was cleared. Second, there was also a bearish flag pattern cleared, signaling a start of a downside ride. Once there was a break of the flag pattern, the price immediately went down from $655 to $630. Moreover, it also broke the 50% Fib retracement level of the last wave from the $606 low to $682 high. http://www.newsbtc.com/2016/07/31/bitcoin-price-weekly-analysis-recent-btcusd-slide-looks-dangerous/ |
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Despite bearish bias in the 1day and 4hr timeframe charts, the market is pushing higher from the past week’s low. At the time of writing the upside looks like a correction of the decline from $680. If this turns out to be the case then a potential corrective target is at $664 (Bitstamp). If price continues higher above this level then the market may be looking to reattempt $680 and advance, although this will only become the favored outlook if 4hr and 1day indicators turn bullish. https://www.cryptocoinsnews.com/bitcoin-price-decline-complete/ |
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Institutional investors have become the largest group of bitcoin buyers because of the negative interest rate policy of central banks and the rising bitcoin price, according to Chris Vermeulen, founder of AlgoTrades Systems, a market technical analyst, trader and a financial author, writing in resourceinvestor.com. Vermeulen claims central banks have proven to be a curse for global economies and their days are numbered because of new technologies and currencies. Investors Escape Fiat Currencies People are putting money into digital currencies rather than fiat currencies due to central banks’ negative interest and zero interest rate policies. This has caused bitcoin’s price rise this year. Carlo Civelli, a billionaire resource investor, said central banks will not be able to get away with their monetary printing. The more they print, the more they drive investors away from fiat currency. Civelli said he could see governments telling people their money and bonds are worthless and that everyone has to “take a haircut.” Because investors recognize this outcome, they are now the largest group of bitcoin buyers. Jeremy Millar, who founded Ledger Partners in London, thinks family offices and hedge funds provide 50 to 80 percent of bitcoin’s $6.4 billion market capitalization. https://www.cryptocoinsnews.com/big-investors-flocking-bitcoin/ |
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Here is what i suggest.
1. You need a new layout. Its kinda messy after all.
2. You should add a dice game as its quite common for bitcoin gambling site.
3. The website looks plain. It needs to be attractive.
4. The tabs for chats , investment , ... is blocking my view of some part. (maybe i have a small screen)
5. Can you enable something that can close up the left part that it is opened forever?
6. The account stats at the bottom can you put some where that is easier to look. Or create a row that have deposit, withdraw and faucet at the top as well as the total balance value.
Still thinking of what can be improved. Pardon me for my bad English! Please check this everyday for updates!
Thanks!
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Please upgrade my rank to member!
Thanks!
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