According to yesterday`s news  Swarm City lost over 44,000 ethers alone after multi-sig hack on Parity ETH wallet. Exchange course is quite stable and high for the company who lost such amount of money.

The Chicago Board Options Exchange (CBOE) is expressing new confidence in bitcoin's future.

In an earnings conference call this week, Chris Concannon, president of the derivatives exchange operator, stated that he sees exchange-traded funds (ETFs) based on the cryptocurrency coming to markets. Concanno went so far as to refer to bitcoin as a new asset class, saying he believes in the cryptocurrency space in general.

He said:

"With regulated futures of a certain asset class like a bitcoin, you do have an opportunity to introduce ETFs and over time we do envision ETFs coming to market.”

Last week, rival derivatives marketplace operator CME Group announced its intention of offering a bitcoin futures contracts product by the end of 2017, pursuant to approval by U.S. regulators. The company followed CBOE itself, which said it would launch its own bid to offer derivatives based on cryptocurrencies in back in August.

CBOE is also waiting on approval from government regulators.

The statements are notable given that previous attempts to launch ETFs based on bitcoin have not met with success. In September, money manager VanEck withdrew its own filing for a futures ETF after receiving pushback from the U.S. Securities and Exchange Commission. Similarly, REX ETFs withdrew its own filings a week later.

This pushback has not stopped other companies from trying to file for a derivatives product. ProShares Capital Management filed for two products in late September, though it is still too early to determine whether the bid will be approved or not.

https://www.coindesk.com/cboe-president-bitcoin-etfs-will-follow-futures-products/

Earlier today, on November 8, the bitcoin price recovered to over $7,400 after dipping briefly below $7,000, as the market continued to show support for the original bitcoin blockchain over SegWit2x.



Decline in Support For SegWit2x

Charlie Lee, the creator of Litecoin and former Coinbase executive, revealed that Nick Szabo, blockchain, bitcoin, and smart contracts pioneer whom the bitcoin community considers as a figure closest to bitcoin creator Satoshi Nakamoto, has publicly expressed his opposition against SegWit2x.

Scaling is a sensitive but important topic to bitcoin developers, community, and the industry. But, the community has been adamant that developments within the bitcoin protocol and other cryptocurrencies should be executed and conducted in a decentralized manner, like any other open-source project.

Over the past few months, the conflict between SegWit2x supporting businesses and the bitcoin community has been portrayed as a battle between small block supporters and the so-called “big blockers,” and that has certainly not been the case. The community has rejected SegWit2x because of various technical reasons, beginning with closed-source development, opaque agreement made between a restricted group of businesses, developers, and miners, and the SegWit2x development team’s refusal to implement strong replay protection.

As such, the demand for SegWit2x and support for the software has declined in the past few weeks, even from the mining community. Bitcoin journalist Kyle Torpey noted that hashrate support for SegWit2x has substantially decreased in the past week as well. More to that, an increasing number of mining pools in the industry have started to terminate their support for SegWit2x.

Evidently, scaling is necessary for bitcoin and there exists no reason as to why bitcoin cannot evolve as both a digital currency and a robust store of value. But, scaling needs to be done in the right way and more importantly, in an open-source, decentralized, and distributed manner.

How Will SegWit2x Affect Bitcoin Price?

Several analysts have stated this week that the surge in the price of bitcoin should be attributed to the allocation of funds from bitcoins to bitcoin, from investors hoping to obtain B2X upon the SegWit2x hard fork. However, it is far fetched to claim that the upward momentum of bitcoin in the past month was triggered by the SegWit2x movement, given that the majority of investors in the market are not technical enough to understand the implications of SegWit2x.

Such claims imply that investors and traders within the bitcoin and cryptocurrency market have underlying knowledge in hard forks and technical developments in regards to bitcoin development, which is not the case. Bitcoin has appealed to the mainstream since early 2016 and billions of dollars worth of funds are likely held by institutional and large-scale retail investors that consider bitcoin as a safe haven asset and a store of value.

Similar to the impact Bitcoin Cash had, the price of bitcoin will likely endure a major correction upon the SegWit2x hard fork. But, it seems unlikely that the price of bitcoin would decrease by more than 10 percent, as the Bitcoin Cash hard fork also had minimal impact on the price of bitcoin.

https://www.cryptocoinsnews.com/bitcoin-price-rebounds-7400-segwit2x-support-declines/

I hope this situation with Bitcoin Fork won`t stop GatCoin from reaching it`s soft cap during presale. After splitting, people will try to invest free money into new ICO, and Gatcoin suited this goal.

Bitcoin’s growth year on end has been routinely flouted as being over 600 percent, and while that is, of course, an impressive number, it is hard to picture what that means in a market economy.

However, when that figure is placed against other big and popular assets, a graph shows the true effect on the growth year-to-date. As it stands, looking at the performance range, Bitcoin ists at 663 percent growth.

Up next is Apple stock which has grown an impressive 49 percent. That figure, of course, pales in comparison, but in any other year without Bitcoin, that would be healthy and impressive.

However, one needs to remember that there have been some big growers across time, and one of those was Amazon, which saw 6,000 percent growth between 1997 and 1999.

In fact, Bitcoin has had better years, 2016-2017 saw the digital currency grow 2,800 percent. But this year, there is no competition.

Off the charts



The graph above shows just how exponential the growth of the digital currency has been to date. The growth has been explosive, but there are also volatile swings that have seen it dip too.

For instance, Bitcoin at the start of the year was a terrible investment as within 10 days the cryptocurrency had lost 20 percent of its value. A better decision, at that point, would have been an index fund tracking the S&P 500, Apple stock or even gold.

There have been some instances where normal assets, such as the entire US Stock market, have suffered big lows. In 2008, during the financial crisis, their stock market fell by 40 percent and it was considered a massive disaster.

However, Bitcoin has dropped 40 percent on more than one occasion already this year, and despite that, the graph still shows its enormous growth.

Bitcoin is like nothing else on this chart, and thus, when figures like 663 percent are thrown around it is hard to quantify or even imagine.

https://cointelegraph.com/news/bitcoins-performance-off-the-charts-literally

People, please explain, current ptoy surge was caused by the news in twitter, where ptoy CEO got some award? But they have nothing on their stand, except white tablecloth and something in ashtray. Maybe they already FDA licended?



Congrats! Patientory was a top 10 finalist with Life Science Angels benefiting the American Diabetes Association 11/3/17 #$PTOY #tech

Пипл, я не понимаю текущую волну роста, это что, из-за новости в твиттере, где черная леди якобы получила какую-то награду. Во-первых в чем их заслуга, они же пока ничего не сделали, может это был закрытый показ. Во вторых, на их стенде там только бедненький стол и скатерть, и эти люди собрали столько миллионов...

Cryptocurrency Analysis: Bitcoin Price Tumbles to $7000 as Rally Fizzles

After the recent surge in Bitcoin reached a euphoric phase, triggering both short and long-term sell signals, the coin finally rolled over today, and quickly fell to $7000 from its all-time high just above the $7500 level. Altcoins haven’t followed the most valuable coin for now as the negative correlation of the majors with BTC remained intact.

Bitcoin is still severely overbought from an investment perspective, and while the short-term rising trend is intact, a possible head and shoulders pattern is forming on the 4-hour chart, which could be first the phase of a deeper correction, with an initial target of $6700. Support levels are still found at $6700, $6000, $5800, and $5400. We advise both traders and investors to wait with opening new positions in Bitcoin.


BTC/USD, 4-Hour Chart Analysis

Ethereum Classic followed through on its break-out, as we expected, and it surged past the key $13.50 level, while Monero also moved sharply higher to test the $100 resistance today. The Other major altcoins are also slightly higher today, but the technical setup is unchanged in case of the rest of the market.  Let’s see how the short-term charts look after the eventful weekend.

Ethereum



ETH/USD, 4-Hour Chart Analysis

Ethereum is still trading near the $300 level, as the volatility in Bitcoin didn’t affect the token’s market substantially. The coin is still trading within the long-term uptrend despite the lengthy consolidation, but the $315 resistance remains strong above the current price level. That said, we still expect a move towards the $330-$350 zone in the coming period, while support is found at $285 and $250.

https://hacked.com/cryptocurrency-analysis-bitcoin-price-tumbles-7000-rally-fizzles/

The co-owner of Bitcoin.org and Bitcointalk has said he will support a new Bitcoin proof-of-work (PoW) chain after SegWit2x – even if the Core chain survives.

‘PREPARE TO SUPPORT 3 FORKS’

In a Medium post on Sunday, Cobra explained that the community should unite to defeat the SegWit2x “abomination” but should be open to supporting any chain later this month.

“The market and exchanges should be prepared to support three different forks of Bitcoin this November. The original chain, the 2X chain, and the new Bitcoin chain with a better PoW,” he wrote.

“As soon as the new PoW hard fork binaries are released on Bitcoin.org, I intend to fully commit to supporting that chain and calling it “Bitcoin”, even if hash rate returns to the original chain at a later date.”

SegWit2x is coming under increasing pressure as its fork date nears, with media resource CoinDesk becoming the latest major entity to publicly give the hard fork a vote of no confidence.

In the “unthinkable” event that the 2x chain ‘wins’ majority consensus, the community should “recreate” it via a further hard fork, Cobra argues.

He further added:

"We need to get to work to collectively recreate it. We won’t surrender and we won’t compromise. A new hard fork will be released with a new PoW algorithm and we’ll carry on as normal."

Internal pressure is doing nothing to impact Bitcoin’s record-breaking price performance meanwhile, with prices staying above $7000 after coming down around 2% in a move attributed to Asian market profit-taking.

What do you think about Cobra’s perspective on SegWit2x? Let us know in the comments below!

http://bitcoinist.com/bitcoin-org-co-owner-will-support-new-pow-fork-segwit2x/

While Bitcoin sceptics claim that Bitcoin is only used for speculation and has no actual uses, a New York preschool has shown that Bitcoin can be a convenient and successful method of payment.

Enquiry from parents

In an interview given by Marco Ciocca, the Chairman of The Montessori Schools in Flatiron and SoHo, to Business Insider, he explained that he had a few parents enquiring about the use of Bitcoin as a means to pay the tuition fees.

We had probably a handful of parents who mentioned, Hey do you accept Bitcoin? I've got this Bitcoin. Can we pay tuition in Bitcoin?

Since Marco had been following the Bitcoin space for the past few years and was aware of the advantages of using Bitcoin, including ease of payment, low fees and quick and speed of the transactions. Together with other members of the administration, Ciocca decided to add Bitcoin as a payment option.

Credit card fees can be a killer

The school does not hold Bitcoins and uses a payment processor to receive fiat in their bank accounts. Hence they are not exposed to Bitcoin's price volatility. While the exchange does charge them a 1% fee to process transactions, this pales in comparison to the fees charged by credit card companies.

Moreover, credit cards can get declined, which leads to additional fees. Therefore, the school does not accept credit card payments. Apart from Bitcoin, the school accepts cash, cheques and electronic wires.

Yeah, there's about a 1% transaction fee, which is less than, you know, 2, 3, 4% sometimes with credit cards. A lot of them get declined and then you have more fees and then you have to re-charge them and that's been kind of, sort of a headache for schools.

Not a gimmick

Many companies have made news recently by adding Bitcoin as a payment option, but have found few customers willing to pay with the digital currency. In this case, there are a handful of parents who have paid tuition fees using Bitcoins. Since there are parents who have a career in the Blockchain space, they were open to the idea of making payments using Bitcoins.

From the school's point of view, they were just offering an additional and convenient payment option to the parents. Bitcoin is not the exclusive preserve of futuristic businesses; even brick and mortar schools can adopt it

https://cointelegraph.com/news/new-york-preschool-accepts-bitcoin-but-not-credit-cards

Dear dev`s, please explain to the community what the situation with EncryptoTel ETH, no volume on exchanges at all,are you going to release any updates or sign agreements with reputable exchanges? Investors should must have an opportunity to sold your tokens at any moment, if it is a market commodity of course. Without exchanges and demand, or your real product, it`s just empty numbers.

So their alpha version will be delivered in these months? I wasn`t wrong in choosing this project, this alpha version can almost guarantee the price will be pumped. Better if they deliver Alpha after Segwit, better for token holders who believed in the project.

Goldman Sachs CEO Lloyd Blankfein is not comfortable with bitcoin, but he says that he understands that it may ultimately prove to be the next step in the evolution of money

The investment banking executive, who last month used a rare tweet to state that he was “thinking about bitcoin” but had not formed a definitive opinion, shared his updated thoughts on cryptocurrency in an interview with Bloomberg held at the investment banking firm’s Sustainable Finance Innovation Forum in New York.

He stated that the thought of bitcoin gave him a “level of discomfort” but conceded that he felt the same level of skepticism when he first encountered the cell phone:

“I have a level discomfort with [bitcoin], as I have a level of discomfort with anything that’s new,” he said. “But I’ve learned over the years that there’s a lot of things that work out pretty well that I don’t love.”

A self-described history buff, Blankfein reflected that the evolution of money has taken paths that many people from earlier eras might not have predicted. “Maybe in the new world, something gets back by consensus. Instead of a government fiat, maybe it’s a consensual arrangement by people that agree that it’s worth something,” he stated.

Consequently, Blankfein does not intend to let his personal discomfort get in the way of a potentially disruptive technology. Perhaps this is why Goldman Sachs is considering launching a bitcoin trading operation at the same time that JPMorgan CEO Jamie Dimon is publicly threatening to fire “stupid” employees who engage in bitcoin trading.

Blankfein added that, if bitcoin did achieve mainstream adoption, he would be able to explain how it fits into the historical narrative of monetary philosophy. “If we went into the future and bitcoins were successful, I would be able to explain how it was a natural evolution from hard money,” he stated.

“Maybe 200 years from now even someone like me might be comfortable with it, but right now, I tell you: I don’t have an investment in it, but I’m not willing to pooh-pooh it and that’s why I say I’m open to it,” Blankfein concluded.

Featured image from YouTube/B

https://www.cryptocoinsnews.com/im-open-to-bitcoin-goldman-sachs-ceo-lloyd-blankfein/

How much fund already collected, where one can find this information? Soft cap already reached? Yesterday site https://utrust.io/# was in another design, and it was shown that utrust almost reached soft cap 10 mln usd. If 40% of the tokens have been sold, so their profit at the moment approximately 20 mln usd?

Подскажите кто знает, вышло ли приложение Centra 1 ноября? Эта дата очень муссировалась в англоязычной ветке, но если они сорвали сроки, это уже повод задуматься о благонадежности проэкта, тем более я тут читаю многим не выплатили баунти даже за подписную, что не есть гуд, ведь денюжку хорошую собрали. Кроме того нельза оставить сообщение в англоязычной ветке, попробуйте, может только у меня не получается.

https://bitcointalk.org/index.php?topic=2114806.1580

What happened with Centra Ann thread? The last post from October 28 by Centra Team, and i cannot leave massage in a thread. There were a lot of talking about App launch in November 1, but already November 4, everything cool, app has been launched?

Good project, just finished to read your whitepaper. Core idea very well designed, thoroughly thought-out. Your project is one of the few in this year who deserves financing, i hope situation with bitcoin cannot make people to hold all their eggs in one basket.

I checked your link, i see team members photos, but what makes you think they are working and all fine, patientory deserves healthy criticism, because they missed their deadline, and the fault is licensing of their business. What were they thinking when started ICO and set the schedule plan...

One of the largest bitcoin wallet providers in the world, Blockchain, has announced its plans for the upcoming Segwit2x fork. After block 494784 takes place on the network, the firm has decided it will follow the chain with the most accumulated difficulty.

Blockchain: ‘Segwit2x Is a Capacity Upgrade’

Blockchain is one of the oldest bitcoin wallet providers in the industry, servicing over 18 million issued wallets. This week the company has revealed its contingency plans for the Segwit2x block size increase. According to the wallet provider, Segwit2x is “essentially a software upgrade that will bring improved capacity to the Bitcoin protocol.” Blockchain says the team is working 24-7 to make sure users’ funds will be protected and safe throughout the fork. In order to ensure safety, the wallet service says specific features will be inoperable for a period of time.       

“To keep your funds safe while the network is in transition, we will temporarily suspend bitcoin send, request, buy, sell, and exchange functionality roughly 24 hours before the time of the fork until the network stabilizes,” explains Blockchain.

Blockchain’s Services Will Follow the Chain With the Most Accumulated Difficulty

The company explains there is no immediate action required by users but does advise them to make sure they have saved their passwords and seed phrases. Additionally Blockchain acknowledges the chance of a blockchain split resulting in two tokens and separate networks. The firm has decided on the token names and which chain it will support after the fork.

“There is a significant possibility that the planned hard fork will result in two bitcoin blockchains,” Blockchain emphasizes.

"In this case, we will follow the chain with the most accumulated difficulty and refer to that chain as bitcoin. If the minority chain has significant value, we will make that value available for customers to hold or exchange for a period of time, as we have done with Bitcoin Cash. If the minority chain is the one with 1MB blocks, we plan to call it BT1. If the minority chain has 2MB blocks, we plan to call it BT2."

The Firm Will Temporarily Suspend Transactions

The London-based company further explains users will be able to view their bitcoin holdings, but Blockchain will “temporarily suspend transactions for bitcoin.” Moreover, even though the platform’s buy and sell functionality will be suspended, the firm notes Blockchain wallet users can transact with ethereum during the fork. In addition to the Segwit2x contingency plan announcement, the company has created a “status page” called blockchain-status.com. A place where Blockchain wallet users can get regular updates concerning the pending fork alongside other announcements in the future.

https://news.bitcoin.com/blockchain-announces-service-plans-for-segwit2x/

Bitcoin Exchange Coinbase adds 100,000 users in 24 hrs, Shows Surging Interest in Crypto

The announcement by CME that it plans to launch Bitcoin futures has resulted in a spike in interest across the world. Coinbase, the world's largest Bitcoin exchange, has added 100,000 new users in the 24 hours past the announcement.

Why Coinbase matters

Coinbase is a popular exchange to buy Bitcoins with 11.9 mln users supported across 32 countries.

It was one of the earliest exchanges to support Bitcoin trading in the Western world, doing so when Bitcoin was valued in single digits. It supports merchants as well, allowing them to accept Bitcoins for their products and services, but removing the price risk by crediting fiat currency to their accounts.

Coinbase became the first unicorn of the crypto industry after it raised $100 mln in August 2017, implying enterprise valuation of $1.6 bln. The CEO of Coinbase, Brian Armstrong, is also on Fortune’s 40 under 40 list.

The Stampede

The launch of Bitcoin futures by CME is expected to bring a deluge of institutional money into Bitcoin. Individual investors seem to be stampeding towards Bitcoin exchanges, trying to get their hands on Bitcoins before institutional investors make it out of reach.

According to data compiled by Alistair Milne, of the Altana Digital Currency Fund, over 100,000 new users have joined Coinbase in the 24 hours since the CME announcement.

The exploding Bitcoin price has resulted in a sharp increase in the number of users of Coinbase, which has already doubled in 2017 to reach 11.9 mln users.

Handling the surge

With hundreds of thousands of new users, the demand (and price) of Bitcoin is expected to eventually explode. It is estimated that currently less than 0.5 percent of the global population is invested in crypto space.

While Coinbase has insurance protection for cryptocurrencies saved on its servers, questions will be asked about the robustness of its trading platform.

A flash crash caused by a large order on Coinbase’s GDAX exchange resulted in Ethereum's price dropping to 10 cents for a short period of time, triggering stop loss orders. With increasing number of users, it is not just Bitcoin which is running full blocks and has a scalability problem; Bitcoin exchanges have to scale up too.

https://cointelegraph.com/news/bitcoin-exchange-coinbase-adds-100000-users-in-24-hrs-shows-surging-interest-in-crypto