Earlier this month, Microsoft announced the addition of bitcoin payment processor BitPay to its Azure Blockchain as a service (BaaS) along with three more companies. BitPay has now announced via blog post that its open source Bitcoin full node and development platform Bitcore is the first Bitcoin service available for Azure users. For running Bitcore, a virtual machine in the cloud requires Node.js, 100GB of disk storage, and at least 4GB of RAM, Silicon Angle reported. http://www.econotimes.com/BitPay-Brings-Bitcore-To-Microsofts-Azure-BaaS-Cloud-150850 |
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The Belgian government is concerned about Bitcoin being used for money laundering purposes with rise in the number of stores that accept the digital currency, Belgian newspaper De Morgen reported. The tax authorities have started investigating fraud cases involving bitcoin. “The tax department is considering the bitcoin”, the report said. “There will be a battle plan to combat fraud.” It further noted that in Ghent alone there are over 25 shops using the virtual currency, and that across the country the number exceeds 70. People are using Bitcoin to pay for doctors' surgeries, websites, pizza and much more. http://www.econotimes.com/Belgian-Government-To-Step-Up-Measures-To-Combat-Bitcoin-Money-Laundering-150937 |
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– Bitcoin’s actual market price is still quite intact Digital currency’s price, though it has given many bitcoin advocates a huge amount of worry, has yet to really plunge, meaning until it reaches rock bottom bitcoin players really don’t have to experience sleepless nights. About three years ago, some analysts have disclosed how bitcon’s price dipped by almost 50 percent in only 6 hours. So while virtual cash has yet to totally bounce back from the fall that it experienced during the past few days, the currency is nowhere near the degree of the drop it was subjected to in 2013. Relatively, if an unexpected turmoil was ever to shake the digital currency landscape, a massive sell-off would have ensued. Again, until that happens, bitcoin advocates have................ http://www.fxpips.com/bitcoin-news-3-reasons-why-digital-currency-continues-to-stay-alive/ |
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NEWYORK, NY, USA, January 28, 2016 /EINPresswire.com/ -- Coin Reverse Inc. ( http://www.coinreverse.com) has hit the charts with their latest offer on Bitcoin purchase: they're not only offering 15% more than Blockchain's official rate for each Bitcoin they purchase, but they are also putting a surprise gift on transactions amounting 10+ BTC. CoinReverse's marketing team has gone creative enough to attach a special gift to each and every transaction amounting more than 10 BTC: they are offering a 24-karat gold coin with the Bitcoin engraved on both sides. The mechanism is simple: each customer selling over 10 BTC within one transaction is asked to provide a mailing address and the company delivers the gift via a courier. CoinReverse's Marketing Manager Jacob Gustavo is enthusiastic with their latest gift idea, while being positive that people involved in the cryptocurrency market are definitely welcoming a jewelry-like item engraved with the Bitcoin logo, being offered to them for doing business with CoinReverse. |
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Security Grade Protective Services, Inc., a full service cannabis industry security firm based in Denver, has started accepting Bitcoin as payment from their clients, the company said in a press release. Digital currency Bitcoin is gradually being accepted as a payment option globally. Businesses can benefit from it, particularly those that do not want to pay 3%-5% credit card processing fees. The bitcoin payment solution that Security Grade has opted for has only 1% processing fee. http://www.econotimes.com/Security-Grade-Protective-Services-Starts-Accepting-Bitcoin-as-Payment-Option-150826 |
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Eric Lombrozo is the CEO of Ciphrex and a longtime contributor to Bitcoin Core. At the recent Blockchain Agenda Conference in San Diego, Lombrozo gave a talk on the future of Bitcoin in which he mainly focused on the issue of scalability. He discussed many specific proposals and concepts that could eventually lead to a more scalable Bitcoin network over the long term, but he also covered the idea of designing Bitcoin with a layered approach — similar to the Internet. http://coinjournal.net/eric-lombrozo-bitcoin-needs-protocol-layers-similar-to-the-internet/ |
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If you don’t really understand bitcoin, the best-known digital currency, then you’re not alone, according to a study by academics at Rutgers, the state university of New Jersey in the US. For their study, the researchers interviewed 10 bitcoin users and 10 non-users across the US, including some recruited on the Rutgers campus, about how they perceive the virtual currency. Their conclusion was that people who have never used bitcoin don’t think they ever could. https://news.markets/bitcoin/if-you-dont-understand-bitcoin-youre-not-alone-9777/ |
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Bitcoin Vietnam Co. Ltd., Vietnam’s first bitcoin exchange, and Coinify ApS, a market leader in blockchain currency merchant processing, have announced a strategic partnership to bring advanced blockchain merchant processing tools to the Vietnamese market. In a joint press release CoinReport received, both parties said they expect the close cooperation to contribute to the further maturation of the Vietnamese market, as Bitcoin Vietnam has a firm understanding and foothold in its domestic market and Coinify is led by an impressive team with extended expertise in electronic payments and financial technology. https://coinreport.net/bitcoin-vietnam-coinify-to-launch-vietnams-first-blockchain-payment-processing-platform/ |
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Dutch child rights organisation Terre des Hommes put a fake picture online in 2013 of a 10 year-old girl purporting to be available for sexual activity. Known as “operation Sweetie”, potential abusers were asked to make a $20 (£14) online transfer. In just 10 weeks, more than 1,000 paedophiles in 71 countries were caught by the sting. While few arrests were made because the operation could be deemed to be entrapment, the experiment showed how online payments could track paedophiles. http://www.theguardian.com/sustainable-business/2016/jan/28/bitcoin-darknet-online-child-abuse-financial-sector |
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I know I’m too late but I’d like to nominate Craig Wright, claimed to be the inventor of the bitcoin, as Australian of the Year. Under his presumed pseudonym of Satoshi Nakamoto, he was the toast of last week’s World Economic Forum in the Swiss mountain town of Davos. “Welcome to Davos, Satoshi,” proclaimed posters around the town signed by the giant Swiss banking group, Credit Suisse. If indeed Wright, an IT security consultant from Sydney, is the inventor of the bitcoin, as leading information technology journals suggest, then he joins the ranks of the great innovators of the information technology revolution. http://www.theaustralian.com.au/business/opinion/david-uren-economics/taking-a-technological-punt-on-bitcoin-toss/news-story/3f620043564c1473c6486458cea3ddf7?nk=dce75760cce7c5e78093e9e4e5511ec5-1454041657 |
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Imagine a world where personal data isn’t just something that consumers give away – a world where terms of service agreements read more like shareholder agreements or term sheets, a world where your data makes you money. Earlier this week during a lecture on Bitcoin Engineering at Stanford University, 21.co CEO, Balaji S. Srinivasan, presented this exact world, one in which data is owned and monetized by the individual. He laid out an in-depth use case whereby Instagram could become the world’s largest stock photography site – with each user making money. https://bitcoinmagazine.com/articles/bitcoin-and-the-future-of-user-monetizable-data-1454004764 |
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The drop is interesting because it did not achieve a new low – well, that may still follow later – and price has halted at a longterm supporting Fib trendline. If price can maintain position here, we may see a surprise reversal to the upside, as happened in September last year. In this scenario we need to wait for price to maintain altitude before we think about trading again. https://www.cryptocoinsnews.com/bitcoin-price-cynicism-pulling-us-down/ |
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January 29, 2016: Canada-based cryptocurrency startup GreenCoinX recently received approval from Isle of Man, a self-governing British Crown dependency, to start operations there. GreenCoinX was founded in 2012 by Nilam Doctor, who developed digital currency which is traceable and removes the anonymity that Bitcoin had become associated with. The company was earlier based out of Ahmedabad, Gujarat, in India. Doctor is now the president and chief technical officer (CTO) of GreenCoinX, with Daniel Wettreich, the chairman & CEO, leading the organisation. Doctor is also the founder of Hitarth Consultants, a software consultancy firm focused on web based projects and digital currency, and a former CEO of Real Bitcoins, an India-based promoter of the crypto currency. http://www.dealstreetasia.com/stories/bitcoin-is-risky-business-says-greencoinx-founder-nilam-doctor-28708/ |
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Analysis of bitcoin price On the evening of the 25th of January, the bitcoin price had come back to the level of the week’s beginning. Just before this article was released, the price level of 2500 CNY and $380 ($375 in exchange tables) was tested at the market. Without responding to such expectation, we might see a reversal here – a return to a temporary progression and later coming back to the same level, set as a new support level at about $380 and 2500 CNY. The changes in price remind of a similar return which took place in the middle of April 2015. That time it was accompanied by some sideways consolidation. In case this increase continues for the medium-term, we will probably see respective changes at the end of week http://www.financemagnates.com/cryptocurrency/bloggers/where-is-the-price-of-bitcoin-headed/ |
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Bitcoin Price Key Highlights Bitcoin price had previously been trading inside a symmetrical triangle pattern, with bulls and bears unable to pick a clear direction. Price finally broke to the downside, driven mostly by dollar rallies during the FOMC statement. From here, bitcoin price could see further declines, probably leading up to a test of the support at $300. As predicted in the previous article, a breakout was looming for bitcoin price. It decided to take the southbound route, as bears gathered enough strength to push below the triangle support. http://www.newsbtc.com/2016/01/28/bitcoin-price-technical-analysis-for-28012016-bears-taking-charge/ |
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It seems that every day we get news that a leading financial organization is getting involved in the bitcoin and blockchain space. Last week it was the Australian Securities Exchange; the week before that it was the Chinese government; yesterday, Greg Medcraft, the head of the International Organization of Securities Commissions (Iosco), weighed in on blockchain adoption. Today, the trend continues. We’ve just learnt that the Bank of America Corporation (NYSE:BAC) has filed for a fresh batch of patents in the blockchain space. http://www.newsbtc.com/2016/01/28/boa-stakes-blockchain-claim-with-yet-more-patents/ |
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French Federal Finance Minister Wolfgang Schaeuble and former minister of social affairs Michel Sapin have proposed a set of financial measures to the European Commission, to urge the control of bank accounts and digital currencies. Over the past few months, European nations including Germany and France have begun to express their concerns towards the “anonymity” of digital currencies such as Bitcoin and Ripple, and their involvement in “financing of terrorism.” Due to the increase in the use of bitcoin in purchasing illicit goods on the dark web and hacking attacks, Germany and France have been pressuring the EU Commission to implement improvised policies to control electronic and anonymous payment systems. http://www.newsbtc.com/2016/01/28/france-and-germany-to-strengthen-control-on-bitcoin-and-ripple/ |
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Gemalto And Symbiont Create A More Secure Platform Some people may have heard the name Gemalto before, as this company is publicly traded on Euronext and serves customers in over 180 countries around the world. The bread and butter of Gemalto is establishing an element of trust between parties active in the digital world. Obtaining full freedom – regarding finance, lifestyle, and otherwise – is not an easy task, especially not where the Internet is concerned. http://www.newsbtc.com/2016/01/28/symbiont-partnership-with-gemalto-brings-smart-securities-to-traditional-finance/ |
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Mainstream media has never been keen on Bitcoin and digital currency unless they were able to spread misconceptions or create negative press that was based on speculation. The popular digital currency has seen various iterations of attacks by mainstream media throughout the years, but journalists are quickly running out of ammunition. If these same writers decided to learn about Bitcoin, rather than spreading rumours and half-truths, things would look very different today. Don’t Believe Everything The Media Tells YouOne golden rule of thumb to remember at all times is never to believe everything you read, hear or see. This phrase is valid for mainstream media, the Internet, and even real-life occurrences. There are plenty of people in the world who have a hidden agenda, and they will do everything they can to discredit certain things to their own advantage. http://www.newsbtc.com/2016/01/28/bitcoin-does-not-fit-the-hidden-agenda-of-mainstream-media/ |
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