During the whole blocksize debate, I recall many 'small blockers' pointing to Bitcoinocracy as a likely the best tool to measure the community's sentiment (or just serious holders). All the polls relating to blocksize debate were in favour of the Core side for a long time, until yesterday when huge-amount (>40k btc) address (Bitmain?) voted and reversed polls results. http://bitcoinocracy.com/addresses/1KwA4fS4uVuCNjCtMivE7m5ATbv93UZg8VSo the natural question to the Core supporters: is Bitcoinocracy still a reliable metric and should the results be respected by the devs? |
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Some exciting news from the beloved European Commission: http://ec.europa.eu/justice/criminal/document/files/aml-directive_en.pdfIn respect of designing providers of exchange services between virtual currencies and fiat currencies as obliged entities, the proposed amendments respect the proportionality principle.
In order to allow competent authorities to monitor suspicious transactions with virtual currencies, while preserving the innovative advances offered by such currencies, it is appropriate to define as obliged entities under the 4AMLD [4th Anti-Money Laundering Directive] all gatekeepers that control access to virtual currencies, in particular exchange platforms and wallet providers. The proposed measure takes into account, on the one hand, the fragmentation of financial information, and, on the other, the lack of direct, swift access to this information by FIU's and AML/CFT competent authorities. Furthermore, information that will be available must be accurate (i.e.
the information should be precise enough in order to avoid targeting the wrong person) and limited to what is necessary (proportionality) to enable FIUs and AML/CFT competent authorities to match all the bank and payment accounts with their corresponding accountholders, proxy holders, and beneficial owners.
...More details in this article: http://bitlegal.io/2016/07/24/eu-commission-to-propose-central-database-of-virtual-currency-users/ |
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Slow day in terms of Bitcoin media coverage today, but found this, 3 hours old hit: How To Buy Your First Bitcoin Or Ethereumhttp://www.huffingtonpost.com/david-seaman/how-to-buy-your-first-bit_b_11033692.htmlWhat a difference a couple years can make! As I wrote here recently, some of my media colleagues in 2014 wanted to hear nothing about Bitcoin or cryptocurrency and I was effectively shunned from some of the shows I’d gotten used to guesting on.
Today? Not a day goes by that someone isn’t emailing me or DMing me on Twitter, desperately asking how to buy Bitcoin. How to get in. How to store it. You know, the newbie questions.
Man, it really got me down for a while - being told I was promoting something bad and trivial, when I knew in my heart (and the math clearly corroborated) that cryptocurrency is not bad, is not trivial, is not a fad - it’s a very big emerging idea. One of those big ideas that could change everything in the years ahead. Bitcoin is a big deal.
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That's a bit of exaggeration and sensationalism from The Independent, but still a nice press hit: Pound sterling becomes more unstable than Bitcoin following Brexithttp://www.independent.co.uk/news/business/news/brexit-pound-sterling-bitcoin-prices-unstable-volatile-exchange-referendum-a7129311.htmlThe British pound has become more volatile than Bitcoin.
Bitcoin has long been thought to be the world’s most unstable currency – moving from being worth $2 to $1,137 in the last five years. But that wildly volatile currency is now becoming a safe refuge when compared to the fluctuations in the pound.
For a brief period this week, Bitcoin’s 10-day historical volatility – a measure of how much its price has been changing – dropped below that of the British pound.
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As in subject, does anyone know any tested, reliable BTC/crypto businesses (non-gambling) with worthy affiliate/referral programs?
Any exchanges, merchants etc?
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As in topic. Anyone else curious how would the forum activity/post quality look like if all the signatures (paid and non-paid) were temporarily removed for a fixed period i.e. one week or better yet, one month? Announced in advance obviously.
It could give a pretty good info on how the signature campaigns affect the forum.
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Bonus question, are there any stats available on number of members by rank?
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Bitcoin price rises more than two per cent to above £370 following recent rallyhttp://www.cityam.com/242258/bitcoin-price-rises-more-than-two-per-cent-to-above-370-following-recent-rallyThe bitcoin price has continued its recent rally to rise another two per cent today.
The price of a single bitcoin reached a high of £374.04 ($546.85) in trading today, up more than 2.6 per cent, and was trading at £371.94 by 1pm (GMT), according to Coindesk.
Prices have risen by around 20 per cent since 28 May, following a surge in demand out of China.
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China’s Bitcoin Buying Bingehttp://www.pymnts.com/news/bitcoin-tracker/2016/china-bitcoin-buying-binge/In a buying spree that began on Friday (May 27) and carried on through the four days since, Chinese investors managed to push the price of bitcoin up by 16 percent. As of the time this story was written, the price of an individual bitcoin was pushing $550.
All in, bitcoin has added $1.2 billion to its market cap, according to data from blockchain.info. Bitcoin is still trading well below its high point of a little over $1,100.
The bitcoin burst comes as Chinese investors are looking for new and more productive asset classes. Similar booms have recently been observed in equities, bonds and commodities trading — all with an accompanying deflation once the roving gang of investors moves on to the next big thing. The recent devaluation of the yuan has also motivated some Chinese consumers to seek bitcoin as a hedge against currency devaluation.
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Why These Bitcoin Price Moves Are All About Chinahttp://moneymorning.com/2016/05/31/why-these-bitcoin-price-moves-are-all-about-china/...
Bitcoin buying in China suddenly increased in recent days. And make no mistake, China dominates world Bitcoin trading.
Many people don't realize China's importance to the Bitcoin ecosystem. Despite restrictions imposed in 2014, the Chinese government never banned Bitcoin outright. China-based Bitcoin miners account for about three-quarters of all Bitcoin miners.
Over the past 30 days, trading between Bitcoin and the Chinese yuan has accounted for 93% of all Bitcoin trades, according to Bitcoincharts.com. By comparison, trading between Bitcoin and the U.S. dollar accounted for just 6%.
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Bitcoin price jumps 21 percent over 4 days, reaching a 21-month highhttp://techcrunch.com/2016/05/30/bitcoin-price-jumps-21-percent-over-4-days-reaching-a-21-month-high/Bitcoin is back! Or at least, there are positive signs indicating that bitcoin might not be as dead as everybody thought. Bitcoins are now trading at $547.40 on Bitfinex (the largest USD/bitcoin exchange according to Bitcoinity). And it represents a big 21.4 percent price jump over just four days.
Today’s price represents a 21-month high. Surprisingly, bitcoin prices had been relatively stable for the last two months before this weekend’s jump.
What’s the reason behind this jump? It’s hard to say. Huobi and OKCoin, the two dominant Chinese exchanges, have seen many new sign-ups, as well as many buy orders.
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Australian police to auction $13m in confiscated bitcoins https://www.theguardian.com/technology/2016/may/31/australian-police-to-auction-13m-in-confiscated-bitcoinsAbout $13m in bitcoins will be auctioned in Sydney in June after Victorian police confiscated the digital currency as proceeds of crime.
Ernst & Young is running the process, which is only the second such bitcoin auction in the world after the US Marshals Service sold 144,000 bitcoins over a two-year period that had been confiscated from Ross Ulbricht, who founded the online drug bazaar Silk Road, the accountancy firm’s transaction partner, Adam Nikitins, said.
Based on Tuesday’s single bitcoin price of $533.80, the cache of cryptocurrency is valued at almost $13.1m.
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Australia to sell £8m of seized bitcoinshttp://www.bbc.co.uk/news/technology-36412487A collection of bitcoins worth about £8m, which had been confiscated by police in Australia, will be auctioned off in June.
The 24,518 bitcoins will be sold mostly in blocks of 2,000 - each with a market value of about £680,000.
Ernst & Young, the firm organising the auction, said the bitcoins had been "confiscated as proceeds of crime" but did not elaborate on the case.
One expert said the authorities had chosen a "safe" time to sell.
Australian newspapers have previously reported that 24,500 bitcoins were seized by police in the state of Victoria in 2013, after a man was arrested for dealing illegal drugs online.
In 2015, Victoria's Asset Confiscation Operations department "confirmed it had recently taken possession of 24,500 coins and would try to make the most of it", according to the Sydney Morning Herald.
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Japan Regulates Virtual Currency After Bitcoin Scandalhttp://gadgets.ndtv.com/internet/news/japan-regulates-virtual-currency-after-bitcoin-scandal-842010Japan has passed a law regulating virtual currency, after the country found itself at the epicentre of a multi-million dollar embezzlement scandal following the spectacular collapse of the Tokyo-based MtGox Bitcoin exchange.
Once one of the largest, most established exchanges for the cryptocurrency, MtGox collapsed in 2014 after a suspected theft worth nearly half a billion dollars, which hammered the digital currency's reputation.
Japanese lawmakers passed a bill late Wednesday stipulating that all "virtual currency" exchanges must be regulated by the country's Financial Services Agency.
The new law defines a virtual currency as something with an "asset-like nature" that can be exchanged for goods and services.
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Burned By Bitcoin Scandal, Japan Is Introducing Controlshttp://fortune.com/2016/05/26/japan-bitcoin-exchanges/Japanese lawmakers have passed legislation requiring virtual currency exchanges to be regulated by the Japanese financial services authority.
The country played host to one of the most prominent bitcoin exchanges, Mt. Gox, which collapsed in 2014 due to lax security and/or fraud—its users are still trying to claw back the millions they lost.
The episode led to a flurry of activity as no-one was quite sure who was responsible, or what the status of bitcoin actually was. At the time, the government said any regulation should be international in nature.
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Lost your shirt in the MtGox Bitcoin mess? Release the Kraken!http://www.theregister.co.uk/2016/05/25/kraken_mtgox_bankruptcy/The operators of the Kraken alt-coin exchange will distribute $91m in Bitcoins to people left out of pocket by the 2014 MtGox collapse.
Kraken, appointed to oversee what remains of the MtGox estate, says it has reviewed thousands of claims by MtGox's customers, who want their BTC back. Kraken will now hand out millions of dollars in the virtual currency to some of those who lost out at the (alleged) hands of MtGox CEO Mark Karpeles and company.
The claims stem from the 2014 implosion of the world's largest Bitcoin exchange. The $91m represents the scraps of digital currency MtGox held before the bankrupt biz was frozen – and Kraken is now handing over those remaining Bitcoins to some of those stiffed during the financial crisis.
"During our thorough bankruptcy investigation, we have carefully reviewed over 24,000 individual claims and made individual determinations on their validity," said trustee Nobuaki Kobayashi.
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Hackers Steal $2 Million From Bitcoin Exchange In Hong Kong, Bounty Offered To Recover Fundshttp://www.forbes.com/sites/robertolsen/2016/05/24/hackers-steal-2-million-from-bitcoin-exchange-in-hong-kong-bounty-offered-to-recover-funds/#7c04e6aa11c7For cryptocurrency enthusiasts seeking mainstream adoption, events like this are so unhelpful.
Hackers appear to have made off with the equivalent of $2 million in digital currencies from Gatecoin, according to a notice posted on the exchange’s website. The Hong Kong-based firm admitted a security breach occurred between May 9 and 12 that allowed unauthorized access to its “hot wallets” holding both Bitcoins and Ethere (a Bitcoin rival). In total, the hackers were able to steal 250 Bitcoins and 185,000 Ethers, representing 15% of Gatecoin’s crypto-asset deposits.
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