Bitcoin’s record-setting year is well-documented in the media. But with BTC pushing $6,500 price levels and $109.4 billion in market capitalization, what’s in store for the world’s most popular cryptocurrency?

Famous investors Ray Dalio and Warren Buffett are warning of a bitcoin bubble. But other Wall Street analysts see bitcoin perhaps reaching $10,000 or even $25,000 by next year. BTC dipped to $3,200 in mid-September and has since rallied to over $6,500. Heavy trading (of nearly 300,000 daily transactions) can lead to volatility. But investors are also weary of fiat currencies that lose value over the long-term. As an asset, fiat money almost always devalues. And investors know that with Bitcoin and other cryptos, their money has a fighting chance to appreciate in value. Despite the naysayers, it’s possible that we’ll see Bitcoin go over $10,000 in early 2018.

Cryptos have different features which means coins differentiate themselves by being useful for specific applications. In other words, many coins aren’t trying to replicate Bitcoin; their designers are trying to create something original. For example, an ICO may create a new coin that appeals exclusively to the transportation industry or medical profession and so on. The appeal to different crowds will eventually mean more diversification of crypto investments instead of most capital being allocated in bitcoin.

Bitcoin has surpassed 5,000 Euro a new record. The virtual currency peaked at $ 6,649.33 Wednesday. The bullish run continues and the value it on the move to the upside as we talked about several times this month. The word is this happened because CME groups to have futures option contract by the end of the year.....

Awesome moves......

Pastor Trevón Gross, endorsed by televangelist Joel Osteen, was sentenced to five years in prison for his role in the Coin.mx exchange case, which involved bribery and use of a long-established church credit union. He’s the third person to be sentenced in the case.

CME group inc, the worlds largest derivatives exchange operator said the would launch futures contract for Bitcoin later this year....

This is big news and really a conformation Bitcoin is here to stay. Very Happy to see this as I enjoy trading options......

Riding a wave of record prices, and the growth in businesses created to service the cryptocurrency ecosystem, Bitcoin as a network and bitcoin as a currency are quickly becoming international job creators. According to popular employment-finding websites, last quarter alone saw a jump in related work offers.

I was waiting for this report as we talked about this last week.....

The Iranian government has been conducting research into the economic and infrastructural aspects of preparing for bitcoin use in its country. According to the ministry of information technology, “arrangements are being made” to put together the infrastructure for the digital currency “as early as possible.”

Looking Good.........

US president Trump is selecting Jerome Powell as Fed Chair. President Trump is widely expected to nominate Federal Reserve Board of Governors member, Jerome H. Powell, for Senate confirmation as the next chair of the Federal Reserve. The potential Fed chair has previously stated what he sees as a tension with bitcoin as the Fed “could face difficult trade-offs between strengthening security and enabling illegal activity.”

Mr. Powell has held a Fed governor’s seat since 2012, and is currently at the relative beginning of a term that would have kept him installed until 2028.

Governor Powell appears familiar with bitcoin as a currency and Bitcoin as a network.

Ouch this is going to be interesting, As I looked Powell is not anti Bitcoin from what I read.

H.E. Mr. Riad Salamé, the governor of Lebanon’s central bank, Banque Du Liban , told a gathering in Beirut the country’s government is examining a possible state-backed cryptocurrency. Mr. Salamé also commented about bitcoin and the future of digital currencies in Lebanon. “The objective of the financial architecture of the Central Bank aims to secure the stability of the national currency and protect the Lebanese economy,” he assured.


Good Stuff.......

The SEC [Security Exchange Commission ] details objective in new cyber unit. The co-director of the United States Securities and Exchanges Commission (SEC)’s Division of Enforcement, Stephanie Avakian, has outlined the mission and enforcement aims of the regulator’s recently formed Cyber Unit and Retail Strategy Task Force. Speaking at a recent Securities Enforcement Forum, the co-director has detailed the objectives of the new unit, including issues specifically pertaining to cryptocurrency.

This really no surprise in my eyes and I see a lot more coming in the future.....

In Michigan local bitcoins charged with unlicensed money transmitting. A regular user of Localbitcoins (a facilitator of exchanging fiat currencies for bitcoin) was formally charged in United States District Court. The Michigan man is accused of violating money transmitting business licensing requirements. 

If you are doing business why would you not have all the proper licenses to operate.....

Is this fair ? Kansas Governmental Ethics Commission (GEC) enforces campaign financing laws in the state. After a local politician asked the GEC for guidance on the issue last week, its new Executive Director announced that bitcoin is “too secretive” to permit Kansas office holders, potential and incumbent, to accept the world’s most popular cryptocurrency. 

This is so interesting as again we see crisis management .....

This is so cool....I lived in Palm Beach for many years and also the home of the US President Donald Trump. Now Bitcoin has hit the south. U.S.-based financial research and publishing firm Palm Beach Group has announced that it will be conducting a $1 million bitcoin giveaway in coming days. The giveaway will be conducted as part of a week-long free training event which will be hosted by Palm Beach Group’s Teeka Tiwari from October 26th onward.

Happy to see this......

This so just so cool to see......Juliettes Interiors, a London-based luxury retailer in the United Kingdom (UK), announced it will accept the world’s most popular cryptocurrency, bitcoin. Juliette Thomas, the company’s founder and Director, forecasts, “I realise we stand alone in our sector at the moment but, within 18 months, I think [bitcoin] will be a part of everyday life.”

Everyone has the opportunity to enjoy Cryptocurrency's ......

Cryex, a company that intended to build blockchains for banks, is being sold off for bottom dollar. The business started to face difficult economic times, according to a news piece published today in Swedish media. The Swedish-based bitcoin exchange Safello are buying in exchange for shares, no cash involved, according to reports. Cryex originally burst into the spotlight in 2015 when investors poured 10+ millions of dollars worth of seed funding into the company..........

Bitcoin Accessibility From a Blind Person’s Perspective. Last week a fundraiser was started in order to get Satoshi Nakamoto’s original bitcoin white paper written in Braille for blind people. Thanks to the generosity of many bitcoin proponents, the project’s funding was successfully completed, and the paper will soon be made available to the general public.

I have to say this is really awesome...Good Job !

Singapore has no plans to regulate cryptocurrencies such as bitcoin, according to the head of the Monetary Authority of Singapore. However, some laws are being formalized that could apply to some cryptocurrency activities and initial coin offerings

This is interesting as I do not see the benefit for Singapore, and I would say in the near future there will be regulations in place.

It just makes sense ..........

The Paris-based cryptocurrency hardware wallet manufacturing company Ledger has announced a recent partnership with the giant multinational technology firm Intel. The joint initiative aims to tether Ledger’s unique operating system, ‘BOLOS’ and Intel’s ‘Software Extension Guard’ .

This is interesting as Big connects with Bigger....

A parliamentary audit of the Bank of Korea revealed that it has done “poor” research on digital currencies including bitcoin and ether. The central bank’s governor told lawmakers that digital currency is not currency and promised to conduct more research on this topic.

Well this looks like someone did not do there homework and now they sort of looking stupid..Time to catch up.....

Russia’s president Vladimir Putin has issued orders pertaining to the regulation of cryptocurrencies, initial coin offerings (ICO), and cryptocurrency mining. He wants changes made to the Russian legislation to regulate cryptocurrencies and tokens. Mining operations will also be registered and taxed. The prime minister and the central bank governor will be responsible for completing the orders by July next year.


....Interesting I have to say !