Op-Ed: Bitcoin’s Journey to Digital Reserve Currency Status Seven years on, bitcoin still remains the largest digital currency by market capitalization. While bitcoin may have been the most volatile currency, it has since ceded that mantle to up-and-coming altcoins. The transformation of bitcoin from a volatile experiment, to a “stable” form of electronic money is illustrated in Figure 1. The graph plots the 90-day moving average market capitalization of bitcoin against its 90-day realized volatility. https://bitcoinmagazine.com/articles/op-ed-bitcoin-s-journey-to-digital-reserve-currency-status-1474544477 |
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AMarkets launches trading in Bitcoin CFDs Offshore forex broker AMarkets said on Tuesday it has launched trading in contracts for difference (CFDs) on Bitcoin. The instrument is available to all clients of the broker, five days a week and the size of each contract is always equal to one Bitcoin. Bitcoin CFDs are traded with AMarkets on the MetaTrader 4 (MT4) trading platform with a leverage of a maximum 10:1. Traders pay a commission of $5 for each contract. https://smnweekly.com/2016/09/21/amarkets-launches-trading-in-bitcoin-cfds/ |
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Bitkoin is More Than an iOS Bitcoin Calculator Ever since Bitcoin was created, subunits of the currency have been created as well. While there may be some confusion over the naming process, there are four general terms that seem to come back every time. Bitcoin, Satoshi, bit, and mBTC. But how do you calculate these subunits precisely? A new iOS Bitcoin Calculator app may hold the answer. http://themerkle.com/bitkoin-is-more-than-an-ios-bitcoin-calculator/ |
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You might hear less about it these days, but digital piracy is still very much in vogue. According to MUSO’s Global Film & TV Piracy Market Insight Report 2016, pirate sites received 141 billion visits in 2015, with visits to streaming sites accounting for almost 80 per cent of the total. The United States tops the list. Digital film piracy costs moviemakers in the United Kingdom alone £500 million each year, backing up the claim of G-J van Rooyen that piracy is by no means a “victimless crime”. http://www.gizmodo.co.uk/2016/09/bitcoin-is-the-film-industrys-latest-weapon-against-piracy/ |
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Purse, Unocoin Encourage Bitcoin Payments with Amazon Discounts in India Amazon has positioned itself to become one of India’s e-commerce leaders. Purse.io, an online marketplace that allows discounts on Amazon by using bitcoin, is helping Amazon achieve its goal by allowing bitcoin users to receive discounts between 15 and 22% using Purse’s “Name Your Discount” program, Purse announced. Users that are already using Unocoin, an India-based exchange, to purchase bitcoin are already set to receive discounts on food, clothes and electronics. https://www.cryptocoinsnews.com/purse-encourages-bitcoin-payments-with-amazon-discounts-in-india/ |
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The relation between Bitcoin and online dating has always seemed a bit off to people. Butt hat isn’t keeping companies from trying to explore the cryptocurrency payment option. HePays is a new social platform which seems to target singles who want to go out on a date. They also accept Bitcoin payment for this service, which is rather interesting. The service offered by HePays is targeting a very specific crowd. A lot of people will compare it to Tinder, although that is not exactly the end goal for this service. HePays wants to bring people with money together and make it a more elite form if dating platform. Users can also remain anonymous, or be as open as they want to be. http://www.newsbtc.com/2016/09/21/elite-dating-service-hepays-ventures-bitcoin-world/ |
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Gemini Trust Co., the U.S.-based digital-currency exchange founded by entrepreneurs Cameron and Tyler Winklevoss, is introducing a daily bitcoin auction to facilitate price discovery and larger trades at lower costs. The auctions, to be held at 4 p.m. New York time every day including holidays and weekends, at first will support just bitcoin-to-U.S. dollar trading, and will eventually expand to more currencies. Auction trades will be eligible for as much as a 0.15 percent rebate on trading fees, Gemini said. http://www.bloomberg.com/news/articles/2016-09-21/bitcoin-to-get-first-ever-daily-auctions-on-winklevoss-s-gemini |
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First Block Mined Today The Bitcoin.com pool mined its first block, block 430757, on Wednesday September 21, 2016. This is a significant day in Bitcoin history, and one for future Bitcoiners to remember. While mining pools have come and gone over the years, this is important because Bitcoin.com uses the Bitcoin Unlimited protocol. Bitcoin Unlimited is an alternative to the Bitcoin Core protocol most Bitcoin miners use. Unlimited’s key difference is it removes transaction block size limits from the protocol level and adds it to the transport level. This means those running the software can choose the size they like. https://news.bitcoin.com/historic-day-bitcoin-pool-mining/ |
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Bitcoin IRA Now Offers Special Bitcoin Investments for US Retirement Accounts Bitcoin, the once vaguely known digital currency is now gaining mainstream adoption across the world. It has become the most widely used form of alternative currency at the moment. Bitcoin IRA, having recognized the future potential of the digital currency has created the first ever Bitcoin-based Individual Retirement Arrangement (IRA) in the United States. http://www.livebitcoinnews.com/bitcoin-ira-now-offers-special-bitcoin-investments-us-retirement-accounts/ |
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Australian-based Get Pain in Bitcoin (GPIB), a bitcoin salary firm, has been nominated for Innovative Tasmania Awards 2016 in the Innovative Startup category. The Innovative Tasmania Awards has recently expanded its categories of awards to Innovative Start-up; Innovative Product; Innovative Science and Technology; Innovative Service; Innovative Community; Innovative Environment; Innovative Government; among others. http://www.econotimes.com/Innovative-Tasmania-Awards-2016-nominates-Australian-bitcoin-firm-308304 |
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India remains a hotbed for Bitcoin activity in recent years A new partnership between Purse and Unocoin will allow residents to shop on Amazon at a discount. With cryptocurrency usage in India expanding rapidly, it makes sense for companies to explore the market. Purse wants to improve the local online shopping experience, and offer Bitcoin users appealing discounts at the same time. Amazon is quickly becoming the fan favorite among Indian e-commerce shoppers. While the company has a global appeal, they are gaining more traction in India. With their vast offering of different products, and incredibly fast delivery, they will attract a lot of business over the coming years. http://www.newsbtc.com/2016/09/20/unocoin-purse-bring-amazon-discounts-bitcoin-holders-india/ |
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Liberland is one of the most appealing initiatives the cryptocurrency world has ever seen. Up until this point, the country would accept fiat currency payments and cryptocurrency transfers alike. As it turns out, dealing with fiat currency and banks remains a key problem for innovative projects. As of yesterday, the country only dealing with cryptocurrency, primarily in Bitcoin. But that does not mean other currencies will not make an impact in the future. http://thedashtimes.com/2016/09/20/liberland-goes-bitcoin-cryptocurrency/ |
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It might seem like a no-brainer that bitcoin is a type of currency, but legal and governmental entities have yet to agree on that. Whether bitcoin is money or not is the virtual currency's equivalent of the "Is Pluto a planet?" debate. In 2014, former NY Superintendent of Financial Services Benjamin Lawsky became the bane of bitcoin enthusiasts everywhere by famously complaining that bitcoin was "neither fish nor fowl." Confusingly, the IRS deemed in 2014 that bitcoin counted as "property" and not money for taxation purposes. (Investopedia has what may be the world's best U.S. Bitcoin Tax Guide, a must-read if you want to know how to legally declare your bitcoin holdings) http://www.investopedia.com/news/bitcoin-money-rules-federal-judge-landmark-case-jpm/ |
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In Kongyu, Tibet, hydropower electricity is inexpensive, as are wages. And Chinese entrepreneurs are among the world’s most capable and least risk averse. This combination makes Kongyu in China’s western Sichuan province an ideal place for a bitcoin mining operation, as revealed by a Washington Post report. Chinese mines comprise about 70 percent of the world’s bitcoin processing power. Chinese factories produce the cheapest microprocessors that run the mines. Chinese bitcoin exchanges represent a similar portion of global bitcoin trading. Is such dominance good or bad for bitcoin’s future? https://www.cryptocoinsnews.com/chinas-mining-dominance-good-or-bad-for-bitcoin/ |
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The Water Project Receives An Anonymous Bitcoin Donation Worth $23,000 The Water Project is one of the many charitable organizations accepting Bitcoin payments. While there has been a good amount of donations from cryptocurrency enthusiasts so far, things have been taken to a new level. One – or multiple – anonymous donor(s) sent a whopping 38 Bitcoin to the organization last night. All of this money will be used to provide clean and safe water to an entire school in Africa. http://www.newsbtc.com/2016/09/14/water-project-receives-anonymous-bitcoin-donation-worth-23000/ |
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Bitcoin is slowly and steadily growing and now a part of many online platforms and systems. Online gaming is also taken by a storm by bitcoins, including poker. Bitcoin Poker is trending these days, as the digital currency world is getting into online gaming systems and making life easy of many gamers and traders. Online poker industry also these days make use of Bitcoins. There are many online poker platforms now using only BTC as a transaction medium. As we all know Bitcoins are one of the easiest ways to transfer funds with very less fees. Many companies saw this as an opportunity and embedded it to make life of gamers easy. In this way, they avoid any transaction with traditional banks. http://www.newsbtc.com/2016/09/14/bitcoin-poker-making-noise-days-know/ |
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While a bitcoin hard fork isn't imminent, its developers have begun to research how the complex technical change could be enacted, if needed. The proactive steps illustrate the new responsibility Bitcoin Core, the network's mostly volunteer developer group, has taken on as the protocol has grown from the pet project of its mystery creator to a broad network of consumers, businesses and stakeholders. As bitcoin remains the most widely used blockchain platform (one that many people see as having the greatest potential to change the way society transacts), this responsibility, the bitcoin developers argue, should be treated with caution and respect. In this light, there has been a renewed emphasis within Bitcoin Core to explore how it could implement a hard fork, a type of protocol change that has proved a lightning rod for controversy during bitcoin's ongoing scaling debate and resulted in schisms in other blockchain networks. http://www.coindesk.com/preparing-bitcoin-hard-fork/ |
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Romania's first order-book exchange is closing down. Statements on the BTCXchange website informed users of a possible sale of the service on 18th August, and on 4th September, users were asked to withdraw funds ahead of an expected 12th September shut down. According to Romanian news source Bihon, it remains unclear whether the exchange, the first of its kind in Romania, is still for sale. Owners originally said they would accept offers on the platform through 16th September. In past statements, owner Horea Vuscan expressed his hope the exchange would be acquired as he said it was "highly profitable", though he expressed reservations about continuing in the face of the Bitfinex hack and continued worries about the security of bitcoin exchanges. http://www.coindesk.com/romanian-bitcoin-exchange-shuts/ |
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