Even Forbes is fueling the Bitcoin fire with a recent article, “Should you invest in Bitcoin? 10 Arguments In Favor As Of December 2015.” “The smart money is going to get into Bitcoin first, and that includes business people and investors,” said Linder. “That money will come in the next year. After that, then that smart money will create the innovation that will bring in the consumers.” Linder and his Mini Computing, LLC co-founder Steve Johnson recently introduced the world to their Bitcoin Mini, an open source hardware node on the Bitcoin network. “The Bitcoin network is a decentralized network. It’s a collection of nodes that are all speaking the same language and sending transactions back and forth,” explains Linder. “The network also shares a database, and that’s one of the most revolutionary things about Bitcoin; it’s a public and transparent database. Every node has a copy of the same database, and that’s how it keeps the whole network honest. Everybody can check the books at any time that they want to.” http://siliconprairienews.com/2015/12/bitcoin-mini-helps-keep-the-bitcoin-network-decentralized/ |
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5 bitcoin trials and successes on the week the Fed hiked interest rates Bitcoin continued its year-end price increase last week, the same week the Federal Reserve moved interest rates above nearly zero percent for the first time since the Great Recession. But highlighted among the week’s news were signs that the technology underneath bitcoin, a decentralized ledger-system known as the blockchain, is about to be disrupted in a serious way. http://www.bizjournals.com/sanjose/news/2015/12/21/bitcoin-stories-of-week-fed-hiked-rates.html |
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Popular mobile and web-based bitcoin wallet service provider Breadwallet has released update 0.5.3, featuring more efficient transaction confirmations and improved security protocols. The newest version of both the web and mobile application reduces memory usage greatly, optimizes core-data performance and app startup speed (on mobile phone), and enables the smart detection of bitcoin nodes which fail to follow standard network relay rules, offering a whole new level of maintenance and stability. http://www.newsbtc.com/2015/12/21/breadwallet-releases-new-update-improved-security-operations/ |
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A fake Erik Voorhees Twitter account is trying to scam users into filling out a survey to steal their altcoins, the latest blog post from the company reveals. Erik Voorhees, CEO of the cryptocurrency exchange ShapeShift.io had reported the account to Twitter; the account is suspended as of now. The fake account used to mirror the CEO’s Twitter account, using the same name and the image, however, there was only a minor distinction. The fake account handle is @ErikVorhees (with a single ‘o’) while the real account is @ErikVoorhees. Users of the fake account spammed people, asking them to fill out a short survey about their experience with ShapeShift. “Would you like to fill out a short survey about your experience with ShapeShift, and then get double the amount on your next shift?” http://www.newsbtc.com/2015/12/21/fake-erik-voorhees-twitter-account-tries-to-steal-altcoins-suspended/ |
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Daily Bitcoin Price Action - December 14: $436.35
- December 15: $451.18
- December 16: $451.18
- December 17: $453.07
- December 18: $455.99
- December 19: $463.83
- December 20 Open: $458.93
- December 20 Close: $439
Total Change: +0.61% The week began on December 14, 2015 with the bitcoin price at $436.35, still riding the rally that kicked off last week. The markets saw some gradual growth during the first half of the day; by noon, the price had climbed into the mid $440s. It took a dip going into the afternoon, though, falling to $439 at 5 PM. As the evening began, the price moved upwards again, reaching the $450s at the end of the day. http://bitcoinist.net/bitcoinist-weekly-news-re-hash-central-banking-against-bitcoin-bears-take-the-market/ |
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Bitcoin Price Key Highlights As predicted in an earlier article, bitcoin price was hit by profit-taking during the FOMC statement, as the US central bank decided to hike interest rates for the first time in nearly a decade. Price is now testing the rising trend line visible on the 1-hour and 4-hour time frames and may be due for a bounce. Reversal Pattern? The 100 SMA is still above the longer-term 200 SMA, which means that the path of least resistance is to the upside. However, a downward crossover is looming so a reversal could also be possible if that happens. In addition, a complex double top pattern may be forming since price failed in its last couple of attempts to break past the $460 resistance. The neckline of the chart pattern is located at $400 and a break below this level could set off a longer-term reversal. http://www.newsbtc.com/2015/12/21/bitcoin-price-technical-analysis-for-21122015-post-fomc-correction-over/ |
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Clearly deviating from the current standing bylaws, the Bitcoin Foundation has suspended the board elections and decided that the vacant positions will be filled by a ‘special referendum.’ With members Jim Harper having resigned and Olivier Janssens removed from the board, the board now needs one more seat to continue operations as the bylaws call for a minimum of five seats. Executive Director of Bitcoin Foundation, Bruce Fenton said in a statement, http://www.newsbtc.com/2015/12/21/bitcoin-foundation-suspends-elections-rift-out-in-the-open/ |
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At the end of last week, we published the second of our twice daily bitcoin price watch pieces. The main premise of the piece was that we had seen quite a lot of upside momentum and that there was every chance that we would see some selling pressure, as speculators took profits and price consolidated. Action has now matured over the weekend, and our thesis proved valid – with the bitcoin price reaching just shy of 462 flat and then correcting towards intraday lows of 425.43. From this level we have bounced a little, but still remain down on the overarching bullish momentum of last week. With this said, and as we head into a fresh week’s worth of trading, what are the levels we are looking at in the markets today, and where are we looking to get in and out of the markets according to our intraday strategy? First up, take a quick look at the chart to get an idea of today’s range. http://www.newsbtc.com/2015/12/21/bitcoin-price-hit-recovery-on-the-cards/ |
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The weekend wasn’t kind to bitcoin. Everyone’s favorite virtual currency shed $25.99 dollars since our Friday update and is currently quoted at $439.51 dollars per coin. Late on Sunday prices paused their decline around $430 dollars but this bounce was short-lived and renewed selling in early Monday took BTC/USD to a low of $422.59 dollars. From here we’ve been on a slow and steady climb, as can be seen on the chart below. - See more at: http://www.forexnews.com/blog/2015/12/21/350097/#sthash.nIfGo5ZZ.dpuf |
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You may never use bitcoin, but there’s a decent chance that you’ll eventually benefit from the technology underlying the virtual currency. The designers of bitcoin didn’t just create a new kind of money. They essentially created a way of transmitting, recording and verifying information about ownership over the Internet. That system, called the blockchain, is in some ways comparable to the protocols used to send Web pages or email messages and could have similarly wide-ranging implications with the potential to impact everything from real estate transactions to voting. http://www.sunnewsjournal.com/uncategorized/tech-underlying-bitcoin-could-take-off-even-if-currency-doesnt/6909/ |
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Western society has been conditioned to think the world begins and ends with their desires and aspirations. Take Bitcoin for example. Bitcoin seems to have begun its life as an American ideal, with virtually 100% of it’s mining and ownership residing in North America. Nowadays, the digital currency has changed, becoming truly global in nature. And when an American sees Bitcoin price take off, the reason is usually not domestic, but international in origin. China has made some moves, and the Chinese investor has fired back, causing Bitcoin value to swell at the end of 2015. http://dcebrief.com/bitcoin-price-soars-after-next-level-chinese-capital-controls/ |
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Bitcoin technology and payment processing company BitPay on Wednesday announced a partnership with GASH Point, a gaming payment brand owned by Taiwanese digital media giant Gamania. GASH Point is a reloadable wallet and prepaid card for online gaming purchases. The wallet is already used by GASH’s 10 million clients in Asia and powers more than 3,000,000 transactions each day. The partnership with BitPay will enable bitcoin users in Taiwan and Hong Kong to fund their GASH Point accounts using their favorite currency along with other local payment methods. https://leaprate.com/2015/12/bitpay-expands-in-asia-via-partnership-with-gash-point/ |
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Last night was something of a strange one in bitcoin. While wider economic fundamentals have had something of a muted effect on the value of the digital currency in the past, there have been certain underlying events that have served to drive volatility. Such events include the big US inflation miss we got last year, the Eurozone situation (i.e. Greece and Germany) and – back in September – market uncertainty as to whether the Fed was going to raise interest rates or not. Yesterday, the Federal Reserve in the US did raise its base rate (by 0.25%) and – theoretically – this should have translated to some steep movement. http://www.newsbtc.com/2015/12/17/bitcoin-price-uncertain-fed-induces-scalp-strategy/ |
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One of our favorite topics at NewsBTC is proof of existence, whereby a single hash value can be used to authenticate any data in existence. We’ve written extensively about how this will revolutionize real estate and healthcare, its applications for blockchain systems, and how it will evolve in the future. That’s how we know that this concept is the future, which will soon revolutionize intellectual property, as well. Just as we’ve embraced decentralized content development and distribution, we plan to promote the new IP movement, and so have made ascribe our latest strategic partner. http://www.newsbtc.com/2015/12/17/newsbtc-partnership-ascribe/ |
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Bitcoin blockchain infrastructure provider BitFury Group has officially announced the mass production of fastest and most effective 16nm Application Specific Integrated Circuit (ASIC) Chip that will bring unmatched energy efficiency to the bitcoin network. Bitcoin mining requires heavy doses of electricity, which has compelled people to raise questions about the environmental impacts of the process. Bloomberg once called Bitcoin Mining a Real-World Environmental Disaster. Valery Vavilov, CEO of BitFury said in the press release: “We are very excited to launch mass production of our super 16nm ASIC Chip.The final results of our hard work have fully met our expectations. We understand that it will be nearly impossible for any older technology to compete with the performance of our new 16nm technology.” http://www.newsbtc.com/2015/12/17/bitfury-brings-unparalleled-energy-efficiency-to-the-bitcoin-network-with-16nm-asic-chip/ |
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Launched in July 2015, coinlink.net is a new promising bitcoin trading platform, registered in UK as COINLINK LIMITED, it offers the flexibility for members to trade bitcoins by placing buy or sell limit orders, and accept bitcoin payments in their e-commerce websites as merchants. The platform only supports USD for trading; however, the company took into consideration the fact that users from different countries would rather deposit funds in their local currencies than in USD, so the platform automatically converts those funds to the users’ USD balance using market exchange rates from the company’s banking partners. http://www.coindesk.com/press-releases/new-bitcoin-exchange-coinlink-net-launches/ |
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In light of the significant increase in bitcoin value over the last weeks, one of the biggest bitcoin advocacy groups, The Bitcoin Foundation, has just lost two members of its board. In a release of the meeting, 15 December, one member, Jim Harper, resigned and the other, Olivier Jansens, was voted off the board. According to a release from Bobby Lee, Vice Chairman of Bitcoin Foundation, this situation evolved around the organization's future and the role that it will play moving forward with operations. After Bitcoin Foundation Chairman Brock Pierce called the decision to remain or shutdown, Lee explains that “Jim Harper and Olivier Hansens voted to shut down the foundation.”https://www.cryptocoinsnews.com/bitcoin-foundation-disagrees-votes-2-off/ |
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