Bitcoin price continued in its upward movement by conquering the $3,000 mark. This happened just days after the cryptocurrency was forked and Bitcoin Cash emerged.

Bitcoin is the first and always leading cryptocurrency. According to Kumar Gaurav, Founder of Cashaa - Auxesis Group, it had the longest time to successfully establish and mature when compared to any other cryptocurrency.

This success cannot only be seen in the continuous growth over the past years but also in the speed of recovery after so-called “crisis.” The fork has eventually turned out in favor of Bitcoin, with investors dumping Bitcoin Cash, buying more Bitcoin and altcoins, with almost all top 100 cryptocurrencies gaining massively.

Other reasons outlined by Gaurav for his positive outlook towards Bitcoin include the fact that more institutional money is going into Bitcoin, with the price increase in itself attracting more investors.

He tells Cointelegraph:

    “There is increasing legal recognition, increasing media attention, a growing usability and acceptance, while the original, political reasons leading to Bitcoin's popularity are strong as ever. Most recently the EU announcing the possibility for it to freeze bank accounts to prevent banks from failing, reminding of what caused the first ever Bitcoin rally, the Cyprus savings raid.”


Bitcoin will be $10,000 in three years

Gaurav continues by noting that when looking at what Bitcoin has already become during its early years, despite having only a tiny fraction of the population alone supporting it for just some of its many advantages, most important of which is the freedom it brings to people in any troubled system, then we can only imagine how big of an impact we are starting to see now with established institutions and mainstream media finally embracing it.

He also notes that over the past years, Bitcoin price can be seen as a parabolic curve, which sooner or later will take it to over $10,000 in the next three years.

Bitcoin is not controlled by anybody

Another strong believer in Bitcoin, Simon Dixon, CEO BnkToTheFuture.com, emphasizes that Bitcoin is the only cryptocurrency in the world that is not controlled by anybody, is secured by the largest network of computer power in the world and has a sound monetary policy.

Dixon explains to Cointelegraph that Bitcoin has faced many challenges the latest of which was scaling. He notes that because nobody controls Bitcoin, it took three years of debate to reach the next phase for scaling solutions given the huge increase in demand over the years.

Now with more scaling, Bitcoin can fill the huge demand that it is receiving as more and more use cases emerge and large pockets of money enter the market.

Dixon also notes that Bitcoin will definitely encounter more challenges in the course of its development as the community works to improve scalability further, solve more privacy problems and other features the community feel is important.

There is an increasing demand for Bitcoin

About the rally in Bitcoin price, Dixon says that we are pushing past $3,000 as it has been proven that Bitcoin truly is controlled by nobody. No matter how hard people try, the money supply is being sucked up by higher and higher demand as Bitcoin becomes more and more useful.

He also says:

    “I remain bullish as alternatives to Bitcoin keep adding value to Bitcoin and proving there is only one store of value in the crypto market. At the end of the day, people speculate and invest in alternatives, but there is only Bitcoin that they run to as a store of value to lock in any profits or losses they make from alternatives.”

Dixon concludes by noting that central banks and governments will soon realize that holding Bitcoin on their balance sheet could be a wise move as financial institutions are realizing today. They will also create their alternatives to compete, but they will all be controlled, centralized and follow a similar monetary policy as traditional fiat money, providing more value to Bitcoin.

“This type of financial innovation will only happen once in many people's life time,” he says.

Bitcoin is robust and diversified

For Michael Vogel, CEO of Netcoins, ignoring market hysteria and looking just at the fundamentals of what Bitcoin is clarifies its value proposition.

Vogel describes Bitcoin as a very robust and diversified cryptocurrency. He notes that the fact that Bitcoin has a variety of use cases which include remittances, online payments, store of value, Blockchain applications etc., makes it clear that Bitcoin is not a one-trick pony.

Coupled with the free marketing and publicity that Bitcoin receives in the mainstream media (even if mainstream publicity is negative, it still contributes to Bitcoin awareness), and it is clear that Bitcoin is the gold-standard in cryptocurrency.

$3,700 is in sight

Vogel likens the development of Bitcoin to how the internet fared in its early years. Vogel notes that even the Internet itself has gone through its own scaling challenges beginning from the days of dial-up Internet.

He concludes by predicting even a higher price rally for the cryptocurrency in the near future:

    “Now that the Bitcoin civil war is over, I think we'll see a rapid influx of investors that had sold off in July rushing back into the market. Goldman Sachs has predicted that Bitcoin is headed for $3,700, and it seems we're well on the way there.”

https://cointelegraph.com/news/road-to-10000-how-bitcoin-price-broke-3000-and-whats-ahead

Bitcoin remittance service Sobit has been launched to enable users to charge their prepaid mobile SIM cards using bitcoin. The service supports over 600 operators in 136 countries.

About Sobit

SobitBitcoin Mobile SIM Card Top-Ups Now Available in 136 Countries was jointly developed by Japan’s leading reward site operator Ceres Inc and the Tokyo-based bitcoin and blockchain venture company Janom LLC.

Ceres has already partnered with other prominent bitcoin companies including Bitflyer, Bitbank, Coincheck, and Breadwallet on other cryptocurrency projects. Janom launched a bitcoin remittance service called Cointip in November 2016 and the company also partnered with Keepkey LLC to obtain exclusive distribution right of Keepkey products in Japan. Ceres Inc recently announced the launch of Sobit:

        "With Sobit, you can charge your prepaid SIM card using just bitcoin. You don’t need any accounts, credit cards etc. Just a wallet with available bitcoin. Sobit supports prepaid SIM cards from over 600 operators in almost 140 countries."

Continue reading
https://news.bitcoin.com/bitcoin-mobile-sim-card-top-ups-136-countries/

150 Bitcoin ATMs will be installed in Ukraine this year, including 20-30 machines set to be installed on the streets of Kiev, the capital city of Ukraine, by the end of the summer.

Approximately 20-30 Cryptomat Bitcoin ATMs (BTMs) will be installed in Kiev by the end of the summer, Michael Chobanian, founder of Kuna Bitcoin Agency and Kuna Cryptocurrency Exchange, told UBR this week. He also said:

        "By the end of the year, around 150 Bitcoin ATMs will be installed throughout Ukraine. This is at the request of one customer who contacted us. Plus, there is a constant demand from entrepreneurs across Ukraine who want to engage in this business, that is, buy terminals and sell cryptocurrencies."

Currently, there is only one BTM in Ukraine shown on Coinatmradar, a website that tracks BTMs globally. This 2-way BTM was installed in late April and is located in Odessa, a port city on the Black Sea in southern Ukraine. It is the first BTM in the country, according to UBR.

Other than this BTM, there are approximately 4,000 street terminals that reportedly sell bitcoin, the bitcoin service provider BTCU announced in 2014. They are not BTMs but customers can buy vouchers from them to redeem for bitcoin on the BTCU website.

The 150 Cryptomat BTMs to be installed later this year support the sale of bitcoin, ether, waves, and golos, according to its website. In addition, “unlike many competitors, Cryptomat does not require user identification.” Ukrainians will be able to purchase cryptocurrencies using the hryvnia, Chobanian detailed.

He also explained that anyone can get into the Bitcoin ATM business. “There is no need to obtain any licenses for this activity,” he detailed, citing the lack of cryptocurrency regulations in Ukraine. “No one gets licenses for coffee machine businesses. This is the beauty of Ukraine,” UBR quoted him saying.

Do you think bitcoin adoption will increase in Ukraine with all these BTMs?

Continue reading
https://news.bitcoin.com/150-bitcoin-atms-ukraine/

I would like to thank you for the opportunity to spread information about SkinCoin, fast and fair calculations.

Bitcoin exchange Coinbase has reversed its decision to support bitcoin cash. The company now plans to allow customers to withdraw their new cryptocurrency by January 1, 2018.

Coinbase on Thursday announced a change of plans regarding its support for bitcoin cash (BCC, BCH), the new cryptocurrency resulting from the August 1 hard fork. The exchange wrote:

        "We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time. Once supported, customers will be able to withdraw bitcoin cash."

Continue reading
https://news.bitcoin.com/coinbase-bitcoin-cash-withdrawals-january-2018/

Russian Economic Minister Cautions Against Bitcoin ‘Pyramid Scheme’ As Russian Banks Adopt Blockchain Technology

Russian Economic Development minister, Maxim Oreshkin brands Bitcoin “a pyramid scheme” as the country’s largest banks including Sberbank PJSC and VTB Group look to a modified Ethereum blockchain to provide safer and faster payments.

What appears to be mixed messages coming out of Russia, where both a Bitcoin pyramid scheme warning and a veritable big bank endorsement of Ethereum based blockchain technology have been issued in the same week, proves indicative of the approach taken by governments around the world. Governments not wanting to stifle their countries’ role in what essentially amounts to be a technological revolution are taking a cautious and tentative approach to cryptocurrency in general.

In an interview with Russia’s Rossiya 24, Russian Economic Development Minister Maxim Oreshkin said (translated):

    "So far the markets of cryptocurrencies resemble a financial pyramid, and it is necessary to treat the value of this asset very carefully."

Continue reading
http://bitcoinist.com/russian-economic-minister-cautions-against-bitcoin-pyramid-scheme-as-russian-banks-adopt-blockchain-technology/

Panel Recommends Indian Government Take Immediate Steps to Stop Bitcoin Use

The panel formed by the Indian finance ministry has reportedly provided the government with some long-awaited recommendations on how to deal with digital currencies including bitcoin. Immediate steps are to be taken to stop or discourage their use.

Immediate Steps Recommended

A multi-ministerial panel formed by the Indian finance ministry in April to study and suggest measures for the government to deal with digital currencies including bitcoin has reportedly given the government its official recommendations. The Financial Express reported that:

        "[The panel] has recommended the government to take immediate steps to stop use of VCs [virtual currencies] such as bitcoins to protect people from potential frauds and curb money laundering."

Prior to submitting its report to the government, the panel sought views from the public as well as cryptocurrency start-ups. It recently held a meeting where stakeholders were consulted, Minister of State for Finance Arjun Ram Meghwal said last week, adding that it looked into various aspects of digital currencies such as the usage of bitcoin.

The panel also proposed that if the use of digital currencies continues, the government has the option of stopping their transactions by regulating commercial establishments and intermediaries, sources told the news outlet.

Continue reading >>> https://news.bitcoin.com/indian-government-take-immediate-steps-to-stop-bitcoin-use/

The Czech National Bank has published a statement addressing bitcoin and cryptocurrency on its website. The document addresses the popularity of bitcoin in Prague and the Czech Republic, discusses whether cryptocurrency poses a threat to the traditional banking system, and argues that fiat currencies comprise better currencies than bitcoin due to price stability.

The Czech National Bank States That There “Is No Reason for Banks to Fear” Bitcoin

The Czech National Bank’s statement regarding cryptocurrency is titled “Don’t be afraid of bitcoin”, and seeks to address popular assertions regarding the potential threats that bitcoin and cryptocurrency may pose to existing monetary systems.

The document starts by stating that “Prague is home to a strong community of cryptocurrency supporters and users.” The statement then immediately turns to “questions regarding whether institutions such as the Czech National Bank should be afraid of bitcoin…. And of their power to marginalise traditional money.”

The Czech National Bank states that there “is no reason for banks to fear” bitcoin and cryptocurrency. Virtual currency adoption is described as “negligible in its size and scope”, arguing that “electronic transactions using bitcoin worldwide amount to only 16% of the electronic transactions conducted in the Czech koruna, a currency used by just 10.5m people.

Continue reading  >>> https://news.bitcoin.com/czech-national-bank-publishes-letter-addressing-bitcoin/

I think Vladimir mined much more bitcoins in USD terms than $611 penalty. This is a rather weak punishment if they did not confiscate all gained BTC in favor of Department of Education.

By the end of the day Tuesday, bitcoin cash had carved out close to a $7 billion position for itself on the cryptocurrency landscape.



Bitcoin, meanwhile, lost 5.46% and was the only one of the top 10 cryptos to lose Tuesday, as bitcoin miners completed a split to create more of the new, split-off coin called bitcoin cash.



Prior to the Tuesday’s launch of a user-activated hard fork (UAHF) to create bitcoin cash, the ViaBTC exchange enabled traders to trade bitcoin cash futures under the symbol BCC by temporarily freezing their BTC balances on the platform.

From July 24 to 25, the value of bitcoin cash futures hovered around $500. By the 26th, it had fallen to $400, then below $300 on July 31. On Monday, it declined 24% against bitcoin, bringing its value to about $278 according to coinmarketcap.com.
Bitcoin Cash Rebounds

But the price rebounded by 10:30 ET Tuesday to $373.78, giving it a market cap of $6.764 billion. BCH posted a 27.63-point gain in the last 24 hours as of 10:30 p.m. ET, making it the fourth largest cryptocurrency behind bitcoin, Ethereum and Ripple. (Coinmarketcap.com initially listed bitcoin cash as BCC, but has switched to BCH.)

The creators of bitcoin cash believe support for Segregated Witness was a mistake – and a diversion from Satoshi Nakamoto’s vision for bitcoin – and they aim to help bitcoin scale by immediately increasing the block size from 1 MB to 8 MB.

Trading in bitcoin cash was available on several exchanges, but remained a fraction of bitcoin’s price.

The BCH/BTC price on Bittrex, which accounted for 42.19% of BCC’s volume, was $516.29 at 10:30 p.m. ET Tuesday, the highest of any cryptocurrency exchange, followed by $350.66 on Kraken, which held 16.88% of BCH volume.

Coinmarketcap.com listed BCH as the second biggest crypto gainer in the last 24 hours, second only to OperaCoin, which posted a 304.76 point gain. (OperaCoin only transacted $27,991 in the 24-hour period.)

BCH Must Prove Itself

Amaury Sechet, lead developer for bitcoin cash, said it will have to prove itself over time. The current price may seem low, Sechet said, but it has really received a lot of support.

Because bitcoin cash is forking the bitcoin blockchain, most bitcoin holders will receive an equal number of bitcoin cash. As long as holders control the private keys of their bitcoin wallet – or have coins on an exchange that has pledged support for bitcoin cash – holders will be able to claim their bitcoin cash. If coins are on an exchange that opposes bitcoin cash – such as Coinbase – there is a good chance they will not receive them.

The exchanges and wallets that support bitcoin cash are listed on its website: https://www.bitcoincash.org/

https://www.cryptocoinsnews.com/bitcoin-cash-claims-close-to-7-billion/

Japanese Digital Currency Exchanges Halt Bitcoin Services Again Ahead of Bitcoin Cash Split

For the second time in a matter of days, Japanese digital currency exchanges are halting their bitcoin services ahead of a potential bitcoin split expected today.

In a report from the Nikkei Asian Review, Bitbank and Minnano Bitcoin halted their services on Monday; however, BITPoint Japan is expected to keep handling services until 8 p.m. today. The coin split is expected to occur around 9:20 p.m. in Japan.

In July, it was reported that 13 Japanese digital currency exchanges would temporarily halt their services on the 1 August. According to an announcement from members of the Japan Cryptocurrency Business Association (JCBA) they would be freezing bitcoin withdrawals and deposits to maintain customer assets and to avoid any unforeseen glitches and instability.

It read:

    "[W]e decided to temporarily stop accepting bitcoin deposits and withdrawals at each exchange due to the possibility of the branching (split) of the bitcoin protocol."

The 13 exchanges are:

    Bit Bank Co., Ltd.
    BitPoint Japan
    QUOINE Co., Ltd.
    Fiscalco Virtual Currency Exchange
    Coin Check Co., Ltd.
    BTC Box Co., Ltd.
    Tech Bureau Co., Ltd.
    GMO-Z.com Coin Co.,
    CAMPFIRE
    Bit Trade Co., Ltd.
    Bike Limited Co., Ltd.
    Tokyo Bitcoin Co., Ltd.
    Everyone’s bit coin Co., Ltd.

The exchanges are expected to resume their services again by the 4 August at 16:00 p.m. Japan time.

Watching and Waiting

The day that has been constantly talked about is finally here: the creation of Bitcoin Cash (BCC) through a user activated hard fork (UAHF).

Shortly after 12:20 p.m. UTC those opposed to SegWit are expected to launch an alternative bitcoin that they believe sticks to the vision that Satoshi Nakamoto had for a digital currency. Those behind BCC are also aiming to help bitcoin scale by increasing the block size from one megabyte to eight megabytes.

However, despite the fact that actual Bitcoin Cash coins don’t exist yet, a number of digital currency exchanges have already revealed that they will credit bitcoin cash to traders holding bitcoin. These include the likes of OKCoin, ViaBTC, Bitfinex, Kraken, Coinfloor and BTCPop.

Bitcoin Price Rallies, BCC Falls

Since its listing, the value of Bitcoin Cash has plunged. According to CoinMarketCap, over the last seven days it’s dropped by over 36 percent and is currently trading at $291. On the 23 July, it was trading at $555.

Of course, today could change all that and it remains to be seen what will happen when the Bitcoin Cash price opens. Will investors be keen to flock to BCC and if so, will this have adverse affects on the price of bitcoin?

At the time of publishing, bitcoin is trading at $2,870 and is up nearly seven percent over a seven day period, according to CoinMarketCap. It seems the community is rallying behind bitcoin, but for how much longer will it last?

https://www.cryptocoinsnews.com/japanese-digital-currency-exchanges-halt-bitcoin-services-ahead-of-bitcoin-cash-split/

Hi manager, may i remove my skincoin signature already? Thank`s for the opportunity to join the marketing campaign.

With such functionality that described in white paper, Skincoin platform can make a worthy competition to Steam market. I am not sure if it would be possible to buy games using Skincoin, but all existing gaming options in one place is quite interesting idea.

Sorry, this post exists already, i will be more careful in the future. 

Bitcoin has rebound to $2,400 and Ethereum is up 25 percent in a day as optimism returns to cryptocurrency markets in a big way.

The shift into the green coincides with reaching the required consensus for BIP 91 to lock in for Bitcoin. This paves the way for SegWit activation without the need for a hard fork.

Meanwhile, Ethereum has recovered spectacularly from last week’s seismic losses, currently trading at an average of $242 according to Coinmarketcap.



Reacting to the price performances, traders and commentators alike were buoyant.

Bitcoin had been tipped to decrease further in the run-up to Aug. 1, the date when the likeliness of a hard fork occurring would become clear.

Despite the overwhelming support for BIP 91, however, business are still announcing preparations for mitigating against problems arising from a hard fork.

13 Japanese exchanges have now joined Chinese heavyweight OKCoin in announcing they will halt trading from July 31 to protect users from the possible fallout.

“...We have decided to suspend withdrawals and deposits at each exchange until the issue surrounding the Bitcoin fork is resolved,” a statement from the umbrella Japan Cryptocurrency Business Association confirmed.

https://cointelegraph.com/news/bitcoin-ethereum-bounce-back-hard-to-reach-2400-and-240

Great news for HMQ price, but it`s pity that application coming out converge on time with bitcoin split, which will take place a day after.

What the price you consider to be acceptable for salling tokens? Because the current value of the MCO is really very chip, but i`m afraid MCO can be even less veluable than now.

I was double registered in facebook Propy bounty campaign with the same account. It was made by a mistake. Please don`t count this as creating a mult and cheating.

Entry in spreadsheet - 624, 618

Initial Coin Offerings (ICOs) or token sales are a surging trend to raise funds quickly. In May, for example, the Monaco Visa ICO raised $3 million in 3 days. Debate ensued on whether Monaco Visa was a good gamble, but one category of investors didn’t have to worry: Americans. That’s because Monaco Visa, like a growing number of other ‘foreign’ ICOs, refused to deal with U.S. citizens. [Note: in some cases the ban is on the broader category of “U.S. Taxpayers.”]

American financial policies have circled the world through tax and compliance treaties that are enforced to varying degrees by signatory nations. Americans are required to disclose income earned and wealth held abroad to the IRS. To maximize the tax grab, the policies also impose onerous reporting requirements on financial institutions with stiff penalties for non-compliance.

And, so, Monaco Visa asked every applicant Some ICOs Now Ban Americans Who Should Expect More Ostracisma question: Are you a citizen of the United States? Those who checked the “yes” box were directed to a page that stated, “sorry, your citizenship excludes you from participation in this ICO due to excessive regulatory risk from your SEC [Security and Exchange Commission]”.

Polybius Bank had a similar reason for excluding Americans from its recent ICO.

        "Right now, American fiscal legislation does not allow citizens of the United States to participate in ICOs. One of the biggest law firms in the world, Hogan Lovells…recommended to restrict sales to American residents. Now, everyone who registers on polybius.io sees a strict warning, stating that American citizens are not allowed to take part in the ICO….After the release onto the crypto-market, citizens of every country will have the opportunity to purchase tokens without restrictions…."

Full article - https://news.bitcoin.com/some-icos-now-ban-americans-who-should-expect-more-ostracism/

The Japan Cryptocurrency Business Association has officially announced its plan on how to deal with the possibility of a Bitcoin protocol split on August 1. Thirteen of the group’s bitcoin exchange members, including Coincheck, Gmo-Z, Bitbank, and Bitpoint, will suspend bitcoin deposits and withdrawals on August 1 at 00:00 Japan time.

Suspension of Bitcoin Deposits and Withdrawals

The Japan Cryptocurrency Business Association (JCBA), formerly known as the Virtual Currency Business Study Group, announced on Tuesday its official plan for August 1.

Thirteen bitcoin exchange members of the association have agreed on how to deal with the possibility of a Bitcoin protocol split, which is expected on August 1 at 9:00 am Japan time, the JCBA detailed. “The occurrence of forking affects the transmission and receipt of bitcoins by all bitcoin users, and it is expected that all related virtual currency exchange operators and service providers will be seriously affected.”

The exchanges have collectively declared:

        "We decided to temporarily stop accepting bitcoin deposits and withdrawals at each exchange…We will stop only the services related to depositing and withdrawing bitcoins, but we will provide our other regular services for virtual currencies and legal currencies."

Continue
https://news.bitcoin.com/13-japanese-exchanges-suspend-bitcoin-service-august-1/