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41  Bitcoin / Press / [2016-04-14]“Your Wall Won’t Stop Bitcoin, Mr.Trump!” on: April 14, 2016, 03:53:20 PM
“Your Wall Won’t Stop Bitcoin, Mr.Trump!”
When it was revealed last week that Donald Trump is considering banning money transfers to Mexico, we predicted such a move will have an enormous benefit for bitcoin adoption in North America. Now cryptocurrencies advocates are taking that message to the streets.

Genesis Mining, a large bitcoin cloud mining provider, has sponsored billboards across California using the issue to drive awareness for the cause.

If you haven’t been closely following the US election, the real estate billionaire turned maverick presidential contender routinely says that Mexico will pay for a massive border wall but rarely mentions how he will get it to do so. Last week, the Washington Post cited a new memo from his campaign that reveals that Trump will use anti-terrorism regulation to stop remittances from the US to Mexico, that the Mexican economy depends on, to force its hand.

What would people do to bypass the ban? Genesis Mining says: “The solution would be Bitcoin because Bitcoin can’t be stopped. Not by Trump. Not by Putin. Not by anyone. Sure, you can pass regulations to make it more difficult to use but at the end of the day, if people need it, they will always find a way.”
read full article here :
42  Bitcoin / Press / [2016-04-14]This Former Regulator Is Now a Bitcoin Backer on: April 14, 2016, 03:51:51 PM
This Former Regulator Is Now a Bitcoin Backer

He used to warn about cybersecurity.

Former New York state financial services chief Benjamin Lawsky may have taken a harsh view of virtual currency as a regulator, but he has begun to stump for the technology behind it.

The man accused of implementing tough regulations on Bitcoins and other online currency now heads a consultancy that is acting as an adviser and media liaison for one of the sector’s major new players.

The Lawsky Group, which provides legal and strategic counsel for clients on financial regulation issues, was the press contact last week for Axoni, a blockchain technology firm.

Axoni was promoting its successful test of blockchain technology into the back office settlement process for derivatives transactions.

read further here :
43  Bitcoin / Press / [2016-04-11]Bitcoin Price Watch; The Week Ahead on: April 11, 2016, 10:37:09 AM
Bitcoin Price Watch; The Week Ahead

We are right at the beginning of a fresh week’s worth of trading in the bitcoin price, and it’s looking like we might get some interesting action going forward. Volume was pretty low across the weekend, but we still saw some volatility, and were able to get in and out of the markets according to our intraday strategy and draw a profit from the action.

Ahead of this morning’s open, the bitcoin price gained to fresh highs just shy of 422 before correcting to close the gap on the gains we saw at the beginning of the weekend. We are currently trading just ahead of this correction.

So, with this in mind, and as we kick off a new week of action, what are the levels we are looking at for today’s bitcoin price trading, and which of our strategies are we going to bring to the table if we get any volatility? Take a quick look at the chart below to get an idea what’s on. It’s a fifteen-minute timeframe candlestick chart illustrating the weekend’s action, with today’s framework overlaid.

read futher here :
44  Bitcoin / Press / [2016-04-11]See Bitcoin change hands in real-time on: April 11, 2016, 10:33:28 AM
See Bitcoin change hands in real-time with this beautiful transaction visualizer

The cubes represent blocks or collections of transaction records and their size varies depending on the number of bytes it contains. The colored balls represent transactions of different denominations.

You can click on them to see the value of each transaction and hit the space bar to clear the tile if it gets too crowded. It looks gorgeous, but you’ll want to check it out in Chrome for the full effect.

If Bitbonkers sounds familiar, it might be because you’re thinking of Bitlisten, another visualization which lets you hear gentle tones generated by Bitcoin transactions and see them as bubbles floating across your screen.
read full here :
45  Bitcoin / Press / [2016-04-11]Igot: Bitcoin investors 'owed thousands of dollars' on: April 11, 2016, 10:28:38 AM
Igot: Bitcoin investors 'owed thousands of dollars' by struggling Australian exchange

Australian-founded bitcoin exchange Igot appears on the verge of collapse, with dozens of customers and clients claiming to be owed hundreds of thousands of dollars.

Key Points:

Customers say they bought Bitcoin through Igot but never received them or a refund
A former Igot advisor claims the company was insolvent in 2014
The company's owner says the money will be returned to investors
The company, which buys and sells bitcoins on behalf of customers, has for months been unable to completely deliver on those bitcoins or refund their money.

Its owner Rick Day admitted to the ABC that he was struggling to pay customers.

"I am well aware that customers are affected and customers are really unhappy with this but I would like to show each and every one that we have not lost their money. We have not run away with anything and we will return the money," Mr Day told the ABC.

That, according to bitcoin investors, is little comfort.

Egyptian-born Akram Bekzada invested with Igot in 2014.

He has been trying to withdraw $13,000 worth of bitcoins since October last year.

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46  Bitcoin / Press / [2016-04-10]Ignoring Bitcoin Could Harm Bank Revenues on: April 10, 2016, 11:58:20 AM
Very few people are aware of how the Australian Banking sector is subject to substantial regulation, which was drafted to prevent monopolies and collapses. Although there are four “major” banks in the country, the government keeps them separated as much as possible. Ever since the financial crisis hit in 2008, consumers started flocking to these four big banks, as they were the ones benefiting from market share recovery which was lost by smaller institutions.

While all of this is fine and dandy, a recent study by Frost & Sullivan shows that the Fintech market in Australia is a force to be reckoned with. Early projections estimate this market will reach the AUD4 billion mark by 2020, 25% of which will come from new added value to the country’s economy. But that is not what has caught the attention of financial experts, as the report also mentions banks stand to lose a lot from not collaborating with Fintech players.

To be more precise, Australian banks could lose as much as AUD13 billion in revenues by letting Fintech companies be their own industry. Keeping in mind how only AUD3 billion of this number would come from new revenue to the Australian Financial Services Sector between 2015 and 2020, the majority of this revenue would come directly out of the pockets of the four leading banks.

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47  Bitcoin / Press / [2016-04-10]Bitcoin and the Rise of the CypherpunksFrom bitcoin to blockchain to on: April 10, 2016, 11:52:34 AM
From bitcoin to blockchain to distributed ledgers, the cryptocurrency space is fast evolving, to the point where it can be difficult to see in which direction it's headed.

But, we're not without clues. While many of the innovations in the space are new, they're built on decades of work that led to this point. By tracing this history, we can understand the motivations behind the movement that spawned bitcoin and share its vision for the future.

Before the 1970s, cryptography was primarily practiced in secret by military or spy agencies. But, that changed when two publications brought it into the open: the US government publication of the Data Encryption Standard and the first publicly available work on public-key cryptography, "New Directions in Cryptography" by Dr Whitfield Diffie and Dr Martin Hellman.

In the 1980s, Dr David Chaum wrote extensively on topics such as anonymous digital cash and pseudonymous reputation systems, which he described in his paper "Security without Identification: Transaction Systems to Make Big Brother Obsolete".

Over the next several years, these ideas coalesced into a movement.

In late 1992, Eric Hughes, Timothy C May, and John Gilmore founded a small group that met monthly at Gilmore's company Cygnus Solutions in the San Francisco Bay Area. The group was humorously termed “cypherpunks” as a derivation of “cipher” and “cyberpunk.”

The Cypherpunks mailing list was formed at about the same time, and just a few months later, Eric Hughes published "A Cypherpunk’s Manifesto".

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48  Bitcoin / Press / [2016-04-10]Bitcoin Price Tests Support on: April 10, 2016, 11:47:01 AM

The supporting trendline (blue) approximately overlaps a long-term Fib line that originates at the January 2015 low (not shown).

Any decline below this trendline will herald a larger decline. Price may poke below it, but what we want to see is a 1-hour candle open below the trendline, as well as, close below it. This is the typical sign that market traders look for to confirm that a supporting level (or chart feature) has been breached. However, the bitcoin market is less methodical and may just drop away below the level without pausing for confirmation.

The 4-hour chart shows that the stochastics have descended to their minimum and RSI has reverse diverged to the previous low. This combination of indications confirms the current push higher. For now it appears to be an upward correction, hence the strain, but if the market can buy price back above the 4-hour 20-period moving average (green), then the prior sideways grind can continue.

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49  Bitcoin / Press / [2016-04-09]What Would a Bitcoin Gold Standard Look Like? on: April 09, 2016, 12:29:02 PM
If you spend some time in Bitcoinland, you’ll notice that a vocal section of the community strongly dislikes central banking. In their view, the digital currency is the solution to central banking’s many problems, including a lack of transparency, a close relationship with the global power elite, and the central banks’ ability to conjure money from thin air. For these people, using bitcoin is a way to disempower central banks—and empower the individual.

So what would happen to the world’s central banks if bitcoin replaced national currencies? Turns out it would look a lot like a return to the gold standard, which was abandoned a long time ago, according to a recent staff working paper from Warren Weber at the Bank of Canada, the country’s central bank. And most people wouldn’t necessarily be better off in a bitcoin world. In fact, they could be left more vulnerable to financial crises.

In the paper, Weber “imagines a world in which countries are on the Bitcoin standard, a monetary system in which all media of exchange are Bitcoin or are backed by it,” and compares this imagined future to a real past (1880-1913) when gold performed the same function.

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50  Bitcoin / Press / [2016-04-09]Bitcoin Price Range Narrowing on: April 09, 2016, 12:27:17 PM
Bitcoin price remains in a consolidation range. The converging support and resistance levels are closing in on the area of price action and the market has only a few weeks before the triangle apex forces a trend direction.

BTC/USD prices quoted below are derived from the Bitstamp chart.

Bitcoin price declined to its 1-hour 200-period moving average (200MA, red) yesterday and then returned to its prior level of $422 during Friday’s Asian and European trading sessions.

Yesterday’s analysis remarked that the current declining pattern resembles previous initial waves into decline but that it lacks amplitude. Today’s advancing wave could therefore be a correction prior to a decline to $410. Or, if price pushes to a new local high (above $424 and 2750 CNY) then there could be an additional advancing wave to $432 – the long-term resistance ceiling.

Long-term support remains at $410 and any break below this level implies a larger decline. Above $432, similarly, implies that a larger advance is underway.
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51  Bitcoin / Press / [2016-04-09]How To Buy Bitcoins: Is ‘Digital Gold’ Worth The Investment? on: April 09, 2016, 12:24:44 PM
Bitcoins, virtual gold coins emblazoned with the letter B, look like the currency of video game aficionados and computer science graduates rather than a legitimate medium of exchange. But for those who are paying attention, bitcoin is beginning to look increasingly attractive as a financial tool and as an investment.

To date, consumers have been slow to embrace bitcoin. In a recent report by the Digital Currency Council, 74 percent of respondents said they are highly unlikely to use bitcoin in the next year. Those who do use it tend to be young, between 18 and 24 years old. The digital currency’s popularity is also higher among nonwhites and those with lower household incomes.

But the lack of consumer interest hasn’t stopped investors from sniffing around bitcoin. In fact, according to Coinbase, a bitcoin wallet and exchange company with about 3 million users, 80 percent of those users are buying, selling and holding bitcoins as investments, while only 20 percent are using them for day-to-day spending.
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52  Bitcoin / Press / [2016-04-09]The New Gold Standard: What Would Happen if Bitcoin Ruled World Fina on: April 09, 2016, 12:23:51 PM
Due to the growing interest in the Bitcoin digital currency, a research consultant for Canada's central bank decided to imagine a world where the monetary system was based on the emerging cryptocurrency; interestingly enough, it would resemble the gold standard and would seriously damage central banking as we know it.

Bitcoin is a decentralized form of digital currency, created and held online all over the world. The cryptocurrency is used to buy things electronically.

“Suppose that the use of Bitcoin has grown to such an extent that it has replaced existing fiat currencies and has become the predominant medium of exchange or at least the backing for the predominant medium of exchange in a large group of countries,” Warren Weber writes in his 37-page paper on the issue entitled “A Bitcoin Standard: Lessons from the Gold Standard”.
“I will call a monetary system the Bitcoin standard, because such a monetary system will very likely be similar to the gold standard,” the author suggests.

Read more:
53  Bitcoin / Press / [2016-04-09]Mysterious billionaire inventor of Bitcoin could reveal his identity on: April 09, 2016, 12:22:55 PM
The secretive billionaire inventor of Bitcoin is preparing to finally reveal his identity this weekend, tech industry sources have claimed.

A mysterious figure who used the false name Satoshi Nakamoto to launch a digital currency, which fuels a shadow economy worth billions of dollars, is understood to be planning to reveal his true identity in the coming days.

It has been alleged that this man is Craig Wright, an Australian academic.

Bitcoin is known as a "cryptocurrency" which allows users to carry out transactions without needing to use a central bank.

It has allowed drug dealers and other criminals to sell their wares online while withholding their own identities.

A source with close ties to the cryptograpy community and telecoms industry told The Mirror that the story had already been sent to select media under an embargo which lifts this weekend.

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54  Bitcoin / Press / [2016-04-08]Microsoft Adds Distributed Storage Blockchain to Azure on: April 08, 2016, 03:37:48 PM
Distributed file storage startup Storj Labs is the latest blockchain service provider to join Microsoft’s Blockchain-as-a-service (BaaS) offering.

In a blog post today, Storj revealed the news while providing an overview of how it creates a decentralized market for unused disk space, enabling it to be bought and sold for its native cryptocurrency SJCX.

The announcement follows the March news that Microsoft had added Augur, BitShares, Lisk and Syscoin to its development testbed.

Microsoft has previously indicated that it does not intend to limit the number of blockchain providers accepted into the testing version of its BaaS service.

A more formal certified offering would likely be released this spring, at which time technology providers involved are expected to pass a more stringent review, the company has said.

Founded in 2014, Storj raised some $500,000 worth of bitcoin in a public crowdsale that year.
55  Bitcoin / Press / [2016-04-08]Timothy Geithner Is The Man Bitcoin Needs on: April 08, 2016, 03:35:42 PM
Timothy Geithner, the Former Treasury Secretary, was asked by Fusion’s Jorge Ramos about bitcoin, and if he would invest in the nascent digital currency: “No, I wouldn’t,” he said, when Ramos asked him to acquire bitcoins. Ramos asked Geithner if bitcoin had value.

“It depends what your objective is,” he added. “As a way to save money, as an investment vehicle? No. It’s a very volatile thing. As a way to make payments? It’s got some risks because its value fluctuates hugely over time. So, it’s got a lot of challenges.” Geithner, always rigorous, admits: “I’m the wrong person to ask,” Geithner said. “I don’t think I really understand it.”

But Geithner could help Bitcoin. It’s just, he probably won’t. Some Bitcoin analysts claim that, with a majority of mining power located in China, a volatile amount of the Bitcoin network is dependent upon nodes behind The Great Firewall. That’s one uncertainty surrounding Bitcoin.

Yet, there are numerous experts, who have deep experience in Chinese and Asian affairs, who could help create an action plan should China decide to crack down on Bitcoin mining. This would create a crisis in Bitcoin production and undermine the network’s security. One of these experts might be plenty maligned by Bitcoin’s hardcore followers: Timothy Geithner.

read full article here;
56  Bitcoin / Press / [2016-04-08]Money Laundering Is Facilitated By Banks Rather Than Bitcoin on: April 08, 2016, 03:34:44 PM
The Legacy System Makes Money Laundering Relatively Easy

Anyone who would be looking to participate in money laundering through offshore bank accounts has no reason to go through the trouble of dealing with Bitcoin exchanges or ATMs. In fact, the popular digital currency is far too transparent to move funds around anonymously, as there several initiatives focusing on blockchain analysis to prevent suspicious Bitcoin activities.

Moreover, the Panama Papers story has shown the world why the banking system is far better equipped to move funds around the world in an anonymous and convenient manner. However, money laundering is not the only issue, as these documents show how companies and wealthy individuals were aided in evading taxes and dodging sanctions as well.

read full article here:
57  Bitcoin / Press / [2016-04-08]The Panama Papers-Bitcoin Connection on: April 08, 2016, 03:33:53 PM
üddeutsche Zeitung, in collaboration with The Consortium For Investigative Journalists, revealed 11.5 million leaked confidential documents from a Panama-based law firm, Mossack Fonseca. The documents reveal a shadowy network of politicians, celebrities and other powerful people concealing their wealth.

While Bitcoin is not directly mentioned in the documents, there are connections between the Papers and the digital currency. Here are some of the individuals named in the documents, and their sometimes loose, sometimes major, connections to Bitcoin. I’ll start with the major connection.

Mexican President  Enrique Peña Nieto’s “favorite contractor” was mentioned in the documents, which revealed “a complex offshore network” spread across the world.

At the beginning of April, Andrés Sepúlveda claimed to rig the Mexican election which brought Nieto to power for $600,000. While doing this, he claims to have rented servers in Russia and the Ukraine with bitcoins. He calls the Nieto campaigns “one of the dirtiest Latin American campaigns in recent memory” and “one of his most complex” rigging operations.

Listed in the Papers is Argentine President Mauricio, who met with Richard Branson and spoke with him about Bitcoin, drug control and space flight.

read full article here;
58  Economy / Lending / Looking for a 0.06 Loan on: April 03, 2016, 12:51:08 PM
Done, have access to my funds.
59  Economy / Digital goods / [WTB] verified USA Paypal Account on: March 19, 2016, 09:16:33 AM
I want to buy a verified USA paypal account that is not linked to an ebay account

Payment will be via BTC and maximum is $20 and you can choose any escrow you want on the forum

Please don't send me any idiotic offers above $20 because I won't buy the account

I will be waiting for your PMs
60  Economy / Digital goods / Buying Google Voice on: March 09, 2016, 02:11:44 PM
Accounts bought from jonson234 and I no longer need them, thread has been locked
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