Daily Bitcoin Price Analysis: A Short-Term Decline Or A Downtrend?

Yesterday Bitcoin was in trading at the level of $385. By the end of the US session, the price had dropped to $366 again, and then rebounded to $372. We asked Vishal Gupta, Founder of BitcoinCT r:  8 Alliance India, CEO at SearchTrade, and Director at Moving Trumpet: what the price of Bitcoin will be in the next 24-36 hours? Will the the price decline to $350? He said:

    “Most traders who bought in at last fall seem to have booked their profits. Going forward I see buying support at $360 over next few days. In medium term I am bullish on price of bitcoin and see it breaching $450 again.”

http://cointelegraph.com/news/bitcoin-price-decline-downtrend

Emercoin and First Bitcoin Capital Corp. Sign Strategic Evaluation Agreement

First Bitcoin Capital Corp (BITCF) has become the next ally after Microsoft (MSFT) to the EmercoinCT r:  163 International Development Group. The companies have signed a series of evaluation agreements with the goal of promoting Emercoin’s blockchain based products to businesses and individuals.

http://cointelegraph.com/news/emercoin-and-first-bitcoin-capital-corp-sign-strategic-evaluation-agreement

What Is The Current State Of Bitcoin And Blockchain Technology?

What is the state of bitcoin and blockchain technology as of early 2016? originally appeared on Quora – the knowledge sharing network where compelling questions are answered by people with unique insights.

Answer by Susan Athey, Economics of Technology Professor, Stanford GSB; Boards: Expedia, Ripple, on Quora:

I have been working on many aspects of Bitcoin and blockchain technology for several years now.  I am on the board of Ripple, which uses blockchain-like technology for a variety of purposes, most notably helping financial institutions achieve instant settlement in cross-border payments.

First, a tiny bit of background for the uninitiated (experts can skip below for my thoughts): today we don’t really have a solid foundation on which to build modern, digital financial services. 4% of wires fail; it can cost $40 to send $40; even banks have to wait days for international transfers; and a large share of money remitted home by the world’s poorest goes to transaction fees. Most of the world’s infrastructure is decades old; old, analog processes have been digitized but not rebuilt in entirely new ways. As to what Bitcoin is, I have a YouTube video giving my version of an introduction to Bitcoin at the The Voice for Bitcoin & Blockchain Policy • Coin Center website (disclosure: I’m on the board) also has some excellent primers, and I also did an interview on Forbes awhile ago: Susan Athey On How Digital Currency Could Transform Our Lives.

http://www.forbes.com/sites/quora/2016/01/28/what-is-the-current-state-of-bitcoin-and-blockchain-technology/#2442064c1b1c

Can you post a proof for your transaction ? I do not believe the first post of any newbie account here

So what is the difference between your $12 email and other seller's emails which they are selling for $2 or $3 only ?

No civilians win, this is the true of any war, only millions of people get killed and countries is destroyed. The only winners are some politicals and some major companies that works in rebuilding field

I do not get your point ! The pending time before getting the first confirmation is not related to the wallet you use, it depends on the transaction fees and how fast miners will find a new block

This speculation was right as the price rose after October and the price did not reach $200 again, but now it is not the time to buy. Just wait and see whetr this market is going first

 400 sounds to be the new resistance point in the bitcoin chart now, and breaking it now is difficult as the Chinese holidays is coming and the market will be very calm like the Xmas days

Erik Voorhees: Two Moves Could End the Bitcoin Civil War

Over the past few months, the feud among bitcoin enthusiasts and developers in the community have reached its peak. Bitcoin Core attempts to relieve the tension of the community by engaging in various developments and initiatives to develop a friendlier environment for the network to scale.
Bitcoin Core has made significant progress over the past few weeks in creating a more viable atmosphere to communicate with the bitcoin community.

Core has successfully completed the launch of BitcoinCore.org to introduce updates of Bitcoin Core, the adoption rate of Bitcoin Improvement Proposals with a list of companies and their progress in integrating mechanisms such as Segregated Witness, which was proposed by Pieter Wuille at the Hong Kong Scaling Workshop in December, 2015. Core has also created a Twitter account to provide an official feed of Bitcoin Core and has set up a Slack chat group for bitcoin enthusiasts to arrange a variety of discussions.

To maintain the momentum of Core’s improvement on communicating with the community, Shapeshift CEO Erik Voorhees has suggested two proposals which could end the civil war between Bitcoin developers and the community.

http://www.newsbtc.com/2016/01/27/erik-voorhees-two-moves-could-end-the-bitcoin-civil-war/

Ukrainian Freelancers Can Now Accept Bitcoin Through Freelancehunt

Bitcoin is a very powerful tool to bring more financial freedom to people all over the world. One of the key groups of workers who could benefit from Bitcoin is freelancers. Dealing with different employers and different contracts is a big hassle, so the least a freelancer wants is to accept a uniform payment method that works all over the world. Despite best efforts by traditional finance, they are no match for Bitcoin in this regard.

http://www.newsbtc.com/2016/01/27/ukrainian-freelancers-can-now-accept-bitcoin-freelancehunt/

Bitcoin is totally safe if you are talking about security and hacking related stuff, but if you are talking about invest in bitcoin , there is no investment without a risk. there is a risk in bitcoin because we are still early adopters even after 7 years from creating BTC, unstable prices can cause you big loss or huge profits

Breadwallet CEO Aaron Voisine: SegWit Soft Fork First, Block Size Hard Fork Later

The ongoing block size dispute has catapulted to the center of attention again. One of the most talked-about developments is Segregated Witness, of which a public testnet iteration was launched last week. The innovation as recently proposed by Blockstream co-founder and Bitcoin Core developer Dr. Pieter Wuille is the centerpiece of a scalability “roadmap” set out by Bitcoin Core.
But relying on Segregated Witness as the next step of Bitcoin’s scalability process is opposed by the recently launched Bitcoin Core fork Bitcoin Classic. Rather than a Segregated Witness soft fork, Bitcoin Classic prefers to deploy a “cleaner” hard fork in order to increase the block size limit to 2 megabytes.
To find out where the development community stands on this issue, Bitcoin Magazine reached out to library and wallet developers – those who will need to do the heavy lifting in order to utilize Segregated Witness once rolled out.

https://bitcoinmagazine.com/articles/breadwallet-ceo-aaron-voisine-segwit-soft-fork-first-then-block-size-hard-fork-1453914051

BTCC Reports High Bitcoin Transaction Volumes as China’s Economic Growth Hits 25-Year Low


BTCC, one of the world’s largest bitcoin exchanges by market share, has recently reported unusually high transaction volume following the recent slump in values of global stock and commodities.
“The trading volumes we saw over the past few days are not the highest we have seen since 2011, but we expect greater trading volumes in the future as bitcoin increases in popularity among all assets,” BTCC CEO Bobby Lee told Bitcoin Magazine.

https://bitcoinmagazine.com/articles/btcc-reports-high-bitcoin-transaction-volumes-as-china-s-economic-growth-hits-year-low-1453914793

How Bitcoin technology could change banking in Canada

The virtual currency Bitcoin has earned a reputation as a plaything for libertarians or a tool used to covertly buy drugs on the Internet.
But more recently the technology underlying the currency — referred to as “blockchain” or “distributed ledger” technology — is being touted as the next big thing poised to transform the financial services industry.
In order to prevent themselves from being blindsided, Canadian banks are jumping on board, exploring ways the technology can help streamline their processes.
“I do think blockchain is a massive opportunity,” Linda Mantia, executive vice-president of digital, payments and cards at Royal Bank, said during a panel discussion on financial disruption in Toronto late last year.

http://www.thestar.com/business/2016/01/27/canadian-banks-experiment-with-bitcoin-technology.html

Pablo Gonzalez on Why Bitcoin Makes Sense for Mexico


Although bitcoin is often touted as a global currency, the reality is that some countries may find it more useful than others. While moving toward more generalized blockchain technology is the trend in the developed world, there are still plenty of people in certain parts of the world who don’t have much interest in permissioned ledgers.

Bitso CEO Pablo Gonzalez was recently interviewed on Trace Mayer’s Bitcoin Knowledge Podcast, and one of the main topics of conversation was why Gonzalez decided to build a Bitcoin exchange in Mexico. Mayer clearly understands Bitcoin’s potential in Latin America, as he noted the following near the beginning of the interview:
“BitPay’s transaction volumes are growing everywhere. They’re growing in North America; they’re growing in Europe; they’re growing in Asia; but far and away, Latin America is where the big growth is coming with BitPay.”

https://bitcoinmagazine.com/articles/pablo-gonzalez-on-why-bitcoin-makes-sense-for-mexico-1453905696

First Blockchain Real Estate Meetup Takes Place in Washington DC

Ubitquity LLC team launches first Blockchain Real Estate Meetup in Washington DC. The event takes place on Sunday, January 31. The Meetup is aimed at connecting experts from the traditional real estate industry with Bitcoin and Blockchain enthusiasts to create connections that will bring benefits to both industries.

Although it was founded by UbitquityCT r:  295 team members - Nathan Wosnack, Christian Saucier and Matt McKibbin - it will remain a neutral Meetup for the free exchange of ideas and knowledge based on objective evidence. It is open so everyone interested in Blockchain or real estate can attend it to learn something new about new technologies and solutions for both industries.


http://cointelegraph.com/news/blockchain-real-estate-meetup-washington-dc

Egypt TV Personalities Face Arrest for ‘Condom Balloons Police Prank’ Amid Calls for Boycott

Shady Hussein, a correspondent on the comedy television show ‘Abla Fahita’, and Ahmed Malek face arrest amid calls for their arrest by the public after a video in which he ‘pranked’ police officers went viral.

While local news outlets such as Al-Masry Al-Youm and Youm7 reported that Hussein was arrested, family members and friends confirmed that neither Hussein nor Malek have been arrested. In statements to state-media Al-Ahram, the Cairo Security Directorate refuted reports that anyone has been arrested for the video. However, the prosecution has confirmed that an investigation into complaints has commenced.

http://egyptianstreets.com/2016/01/26/egypt-tv-personalities-face-arrest-for-condom-balloons-police-prank-amid-calls-for-boycott/

Egyptian Satirist Threatened for Giving Police Condom Balloons

An Egyptian comedian who works as a correspondent for a popular satirical television program could be in legal trouble for handing balloons made of inflated condoms to police officers in Tahrir Square on Monday, the fifth anniversary of the uprising against former President Hosni Mubarak.

Video of the prank showed the comedian, Shady Abu Zaid, and a young actor, Ahmed Malek, pretending to celebrate a national holiday in honor of Egypt’s police by giving unwitting officers the balloons. The video became a sensation on Facebook, where it was viewed more than 1.4 million times through Tuesday afternoon.

http://www.nytimes.com/2016/01/27/world/middleeast/egyptian-satirist-threatened-for-giving-police-condom-balloons.html

Cannabis Security Company Accepts Bitcoin as Payment From Clientele: Security Grade Protective Services, Inc., payment innovation.

Consistent new and innovative milestones, month after month. Security Grade Protective Services, Inc., (a full service cannabis industry security firm based in Denver, CO) is now accepting Bitcoin as payment from their clients.
“New cost effective solutions for these up and coming cannabis businesses is a must,” was CEO Derek Porter’s response when asked “why accept bitcoin?” The company just launched its newest program T.A.P. (Total Accountability Program) last month and is constantly trying to diversify itself from the competition. The T.A.P. program is a new eyes on video surveillance program that is tailored to the cannabis industry, however is showing major potential for other retail establishments, such as mini-malls. Now, as another elaborate way to make life easier for cannabis clientele, the company is offering their clients to pay through a verified bitcoin wallet to offset high costs of service fees from other merchant credit card processors.

http://www.prweb.com/releases/2016/01/prweb13181152.htm

A Newly Announced Partnership Could Mean Increased Bitcoin Adoption in Vietnam

A partnership between Bitcoin merchant services provider Coinify and Bitcoin Vietnam Co. Ltd., Vietnam’s first bitcoin exchange will see advanced merchant processing tools for the Vietnamese market. The new platform will be applicable both online and in point-of-sale outlets in shops around the country.


https://www.cryptocoinsnews.com/newly-announced-partnership-mean-increased-bitcoin-adoption-vietnam/