http://video.ft.com/v/2525940185001/The-rise-of-BitcoinRuntime: 5 mins. Positive video coverage from the London Conference. Sorry if it's pay-walled for anyone. In the video: Erik Vorhees (SatoshiDice), Shakil Kahn (CoinDesk), Journalist tries out Lamassu bitcoin ATM, Josh Harvey (Lamassu).
|
|
|
|
http://seekingalpha.com/article/1536832-does-the-world-need-a-bitcoin-etfA recent survey of leading economists by the IGM Forum showed an overwhelming consensus that the primary driver of bitcoin value is speculation on the asset's future acceptance as a currency. Today, the number of businesses that accept bitcoins as a form of payment is extremely limited, a state that is likely to persist in the face of bitcoins' volatility: In 2013, the price of a single bitcoin has ranged from $13 to more than $200, with extreme fluctuations regularly occurring over the course of minutes. Bitcoins are best conceptualized as a highly speculative commodity whose volatility is driven, in part, by price manipulation and its faulty infrastructure. Link to the IGM poll: http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_8qRwhHaLc7b5Sp7
|
|
|
|
http://memeburn.com/2013/07/kipochi-brings-bitcoin-to-africa-through-m-pesa/Kenyans will be able to send and receive Bitcoin and convert it to and from an M-Pesa balance. You can also buy and invest in Bitcoin. Though what stands out the most is probably the fact that the Kenyan diaspora will now compete with international transfer companies such as Western Union. Exchanging money will thus be made much cheaper as Bitcoin only charge US$0.04.
Kipochi works on all mobile phones, having SMS, USSD and HTML5 frontends, as well as a desktop computers.
|
|
|
|
http://www.marketwatch.com/story/dont-laugh-off-the-winkleviis-bitcoin-etf-2013-07-08A sobering (but true) quote from a Morningstar analyst: Bitcoins are very illiquid, and the current trading infrastructure is riddled with security/efficiency problems. … If you actually want exposure to bitcoins, it’s probably a better idea to buy them directly. And if you can’t figure out how to do that, you probably don’t have any business owning bitcoins in the first place.“
|
|
|
|
|
This was from April not yesterday, and was posted to the press section back then. Did you mean to post this article?
|
|
|
|
http://www.businessweek.com/news/2013-07-03/winklevosses-confront-real-challenge-on-etp-for-virtual-bitcoinThis one actually has some solid facts and first hand quotes. As we like to say on the forum: Shows signs of actual journalism. Most ETPs in the U.S. are structured as funds under the 1940 Investment Company Act. The proposed product would be established as a grantor trust because it wouldn’t qualify as a fund, Kathleen H. Moriarty, a partner at Chicago-based law firm Katten Muchin Rosenman LLP who helped prepare the registration statement, said in an interview.
“It can’t be a 1940 Act product because it would have to hold securities, and we think Bitcoins are not securities,” Moriarty said.
The $38.8 billion SPDR Gold Trust (GLD), which holds bars of gold bullion in a London vault, is structured as a grantor trust. Its shares, representing fractional claims on the physical gold, trade on the NYSE Arca exchange.
‘Unique Asset’
“I think there’s a precedent for it in precious metals products, but this is a unique asset,” Moriarty said. “There necessarily will be novel questions that need to be asked.”
Those questions will include whether the product is operationally sound, whether it can be hedged and whether market makers can make a “fair and orderly market,” said Adam Patti, chief executive officer and founder of IndexIQ Inc., a New York-based sponsor of ETFs that focus on alternative-investment strategies.
|
|
|
|
|
Show Posts
