The Block Chain Conference, which will take place at the Mission Bay Conference Centre in the UCSF Mission Bay Campus, San Francisco, has revealed that the keynote presentation will be delivered by IBM. The conference, which is themed as “Doing Business with Blockchains, Distributed Ledgers and Smart Contracts”, the discussion will be focussing on blockchain and distributed ledger approaches and their potential to underpin business applications across a variety of vertical markets. It will take place on Wednesday February 10th 2016. http://allcoinsnews.com/2015/12/18/keynote-at-block-chain-conference-announced-as-ibm-speaker/ |
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Tech Bureau, the cryptocurrency and blockchain technology software service and development company, and Sakura Internet, a prominent Japanese cloud service provider, are working to provide Mijin CloudChain on the Sakura cloud for free, as a beta service. Mijin provides usable private blockchain technology that can be used via a simple JSON API. Applications are already being accepted for anyone and, starting in January 2016, registered users will be given Mijin CloudChain on the Sakura cloud, in order of registration. Registration is available from the Mijin website; however, there may be a limit on the number of new applications allowed. http://allcoinsnews.com/2015/12/18/free-mijin-cloudchain-beta-offered-by-tech-bureau-and-sakura-internet/ |
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For those in the Bitcoin community who hoped the block size debate had come to an end will be sorely mistaken. However, there seems to be good news, as a new GitHub proposal has been made by Jeff Garzik to incrementally increase the Bitcoin block size over time. BIP 202 is not overly complicated, and could end up being the solution everybody has been waiting for. http://themerkle.com/news/is-bip-202-the-bitcoin-block-size-solution-everyone-can-agree-on/ |
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Patrick Byrne Sees Bank Blockchain Consortium R3 as an Attempt at Regulatory Protectionism Permissioned blockchains have been one of the biggest trends in fintech lately, and R3 is the blockchain consortium that appears to have the largest amount of support from some the biggest financial institutions in the world. The firm has been met with quite a bit of skepticism in the Bitcoin community, with many of the digital payment system’s supporters claiming that the blockchain does not make much sense without some sort of underlying token. Overstock CEO Patrick Byrne was the final speaker on day two of Blockchain Agenda San Diego on Tuesday, and he shared his overall thoughts on Wall Street’s entrance into the blockchain world. Although Byrne does not appear to be completely tied down to the Bitcoin blockchain, it’s clear that he does not trust the entities behind R3. Is Wall Street a Bigger Issue Than Regulation?http://insidebitcoins.com/news/patrick-byrne-sees-bank-blockchain-consortium-r3-as-an-attempt-at-regulatory-protectionism/36264 |
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IBM, Wells Fargo and the London Stock Exchange Group — along with several other major companies — aligned with the Linus Foundation on Thursday to create an alternative to the blockchain, an online spreadsheet that supports the bitcoin currency and its transactions. New York Times reporter Nathaniel Popper said it’s the blockchain technology that’s got others interested. “The blockchain is what allows for bitcoin to move around different users of the system. [It's] increasingly thought of as the most valuable part of bitcoin. This is the part of the bitcoin technology that Wall Street is getting excited about, that central banks are getting really excited about. It’s a new type of financial network,” he said. http://www.marketplace.org/2015/12/18/tech/technology-financial-companies-value-blockchain-system |
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Nowadays, Guerbuez says he’s trying to put all that behind him, and has dedicated himself to promoting Bitcoin through acts of goodwill and the marketing referral programs some Bitcoin businesses offer. I first came across Guerbuez in a live streamed Bitcoin trading competition on YouTube, where he financed three other Bitcoin traders to trade coins for profit for eight hours straight. He’s also run what he claims was a Bitcoin Ponzi scheme of the Bernie Madoff variety live on Periscope, promising people a double return on any Bitcoins they send him. http://motherboard.vice.com/read/a-spammer-sued-by-facebook-for-873m-is-seeking-redemption-in-bitcoin |
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As I walked by a podcast interview at a recent Bitcoin conference, I was made to laugh. “People say Bitcoin mining isn’t profitable. Well, if you mine Bitcoin now, and if the price goes up, doesn’t that mean Bitcoin was profitable?” The key word there being “if.” That “if” makes the above-stated proposition nothing more than speculation, but leave it to a Bitcoiner to turn speculation on a nascent technology into a workable business model that people - especially young bitcoiners - can depend upon. The reality in Bitcoin is the general pay for most people is around $10 per hour or less. People starting their own companies complain to me all the time about how they can’t find developers to work on their projects because the developers are too busy working on their “pet projects” - likely doing some in-the-trenches coding for new Bitcoin apps more exciting than the musings of non-developers or hobbyist miners with a bit of cash saved up. Those people working on the "pet projects" spend all of their waking hours working for pennies. https://www.cryptocoinsnews.com/warning-choose-career-bitcoin-might-die-poor-alone/ |
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As has been widely reported, Jim Harper and Olivier Janssens are no longer with the Bitcoin Foundation. As first reported here, the upcoming elections will be canceled and future board of director seats will be appointed and not elected. This all sounds really bad. Western sensibilities scream that democracy is always preferable to not democracy. But if the Bitcoin Foundation wants to continue, and clearly the remaining members of the board intend to continue it, then this is probably the only way forward. http://coinjournal.net/bitcoin-foundation-doesnt-need-elections-anymore-op-ed/ |
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NAIROBI - There is a new way to send money to and from Kenya by way of the virtual currency bitcoin. While the company, Bitpesa, charges fees significantly lower than traditional money transfer services, some worry that the lack of regulation around bitcoins could put transactions at risk and open the way to criminal activity. The bitcoin has been around for six years. It is a digital, decentralized currency, meaning it only exists electronically and there is no regulation or oversight by any bank or financial institution. A Kenyan start-up called Bitpesa now allows people to send money into and out of Kenya through bitcoins. The company said in just two years, the number of registered users has grown to 4,000. http://www.bignewsnetwork.com/news/239572961/bitcoin-money-transfers-spark-debate-in-kenya |
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The technology researched will be focused on cryptocurrency and applications that continue the growth of financial services. Dargan explains that Fintech has become “key to organisations like State Street,” The R&D programme will include a centre located in Ireland with student participation between both schools researching these fields. Ireland was the natural choice for State Street as they have an excellent relationship with the country. Dargan explains, “The breadth of international financial services capability and the breadth of the technology industry is probably unrivalled in terms of ability to access the full knowledge base. It was natural that we would look at Ireland as a location,” Students from both universities will be able to participate in the project in January of 2016. http://bitcoinist.net/state-street-financials-crypto-fintech-university-initiative/ |
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Bitcoin is trading little changed as we near the weekend session. We are currently quoted at $465.50, only 20 cents above the price recording during our last update. It was a slow but volatile Friday for BTC as we oscillated between a low of $456.00 and a high of $468.97 in the span of one hour during futures settlement. We warned in our last article that higher volatility is usually the norm around OKCoin futures settlement. This volatility was exacerbated in the futures market, where we got swings of $31 dollars in the closest to expiry December 25th issue and $44 dollars for the longer-dated March 2016 contract. Bitcoin futures markets tend to swing more widely and unpredictably compared to spot prices. This is one of the main reasons why we use spot exchanges for our support/resistance levels. Speaking about levels, here are some of the important figures we’re watching. http://www.forexnews.com/blog/2015/12/18/350082/ |
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Bitcoin’s alleged architect troubled by financial, tax issues By Jane Wardell and Jeremy Wagstaff SYDNEY/SINGAPORE, Dec 11 (Reuters) – Australian Craig Steven Wright is the latest in a line of men alleged to be the mysterious creator of bitcoin, a digital currency that has attracted the interest of banks, speculators, criminals and regulators. Wired magazine, which along with fellow U.S. publication Gizmodo published a story outing Wright based on a stash of leaked documents and emails, called him a genius. But interviews with those who have done business with Wright, and a closer inspection of documents published by the two technology websites paint a more complex picture. They point to a smart but sometimes abrasive figure facing growing legal and financial problems at least in part caused by his involvement with bitcoin. http://www.stardailystandard.com/uk/bitcoins-alleged-architect-troubled-by-financial-tax-issues/63457/ |
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During the first week of December, a BTC/USD pair completed at the level of $356. However, by Monday of the second week, December 7, Bitcoin sharply rose to $389. Throughout the same day, the price of Bitcoin made an attempt to reach the level of $400. The next day, December 8, Bitcoin broke the resistance levels of $400 and $410, and then reached $420. During that day, the price rose by 7%. http://cointelegraph.com/news/115852/weekly-bitcoin-price-analysis-looking-forward-with-excitement |
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Blockchain Weekly Recap 12-12-2015 Equibit Founder on Blockchain OTC Market In an interview with Coin Telegraph, Equibit’s founder and CEO Chris Horlacher offered some insight into his expectations regarding the types of benefits and products the company’s Equibit platform is expected to offer investors and securities issuers. His latest musings come just a little over a week after the Equibit Development Corporation (EDC) unveiled a new platform update that included several new applications. The Equibit market platform will use the blockchain to facilitate securities trading, eliminate broker fees, and create billions in savings. The recently announced apps include the Core miner app that allows users to establish their own node to mine for Equibits, the Invester wallet for transaction management and research, and the Issuer app for raising capital. Equibit is expected to launch in early 2016. http://dcebrief.com/blockchain-weekly-recap-12-12-2015/ |
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We are back into the Cold War times. While most of us would love to assume that the Cold War ended with the collapse of Soviet Union over two decades ago, the current scenario says otherwise. The growing conflict between Russia and the United States along with its allies is not a secret anymore. The United States and the Russian Federation are superpowers commanding the two most formidable armies in the world. Both countries are now fighting it out amongst themselves in public; most of these conflicts are currently confined to political, diplomatic and espionage channels. As the situation continues to worsen, basic common sense and the restraint of a handful of powerful people has so far prevented the situation from escalating into a mighty showdown. While the risks are still high, politicians and bureaucrats are trying to push each other’s limits. http://www.newsbtc.com/2015/12/12/can-bitcoin-thaw-the-cold-war-and-help-imf-regain-credibility/ |
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Six years after its introduction to the masses, Bitcoin, the decentralized currency known as “cash for the Internet,” is growing in popularity. Yet it still remains largely shrouded in mystery. From the identity of its mysterious inventor to the head-scratching complexities of how exactly it works, Bitcoin and virtual currencies like it were largely embraced by computer programmers. Now these currencies have since begun to edge into the mainstream. Businesses, both brick-and-mortar and online, have begun accepting it as a form of payment, and GOP presidential candidate Rand Paul has said he would accept campaign donations via Bitcoin. More than 400 Bitcoin ATMs have popped up across the world, and the idea has spawned others like it that have grown in popularity. http://www.startribune.com/minnesota-commerce-commissioner-bitcoin-buyers-beware/361683981/ |
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Bitwala, a service allowing bill payment with Bitcoin in the EU, has just introduced its newest feature. Customers have an opportunity to use Bitcoin Debit Card and thus spend their bitcoins almost directly. There are two kinds of card: virtual for the price of 5 EUR or physical which costs 10 EUR. The most outstanding feature compared to other competitors: the fee for card loading. Bitwala set it up at 0.5% of the amount, with a 1 EUR minimum. The same fee when users are making SEPA payments. Jörg von Minckwitz, CEO of Bitwala told CoinTelegraph: “Day by day we try to make it possible for our customers to live of Bitcoin entirely. With SEPA integration, it is already an equivalent to bank account but it was still hard to order stuff on the internet or get cash at an ATM. With our debit card program we solved those problems for Bitcoin users once and for all.” http://cointelegraph.com/news/115851/bitwala-adds-debit-card-to-its-service-portfolio |
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Bitcoin price was showing signs of topping since yesterday and after a strong push to 3100 CNY and $480 (Bitstamp) price plummeted $100 in some exchanges before recovering during the day. From the analysis pages of xbt.social, earlier today: The analysis below was already written by the time I post this and the price correction has begun. Price has triggered both our xbt.social dynamic stop-losses and the trade is closed after raking in large profits on this last move. https://www.cryptocoinsnews.com/bitcoin-price-top-o-morning/ |
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