Bitcoin Price Drops 8% Amid China Rumors, Who’s to Blame? Following several healthy weeks, bitcoin has fallen to about $705 from a high of $740, and investors aren’t happy. The new rules that China is possibly implementing would limit bitcoin trading by preventing exchanges from transferring funds to platforms outside Chinese borders. There would also be restrictions on how much one sends or receives. These moves are all part of an ongoing attempt to bring the yuan’s value back to normalcy. The currency recently experienced its lowest point in six years, and regulators feel banning bitcoin is the ultimate solution. The good news is that these are all simply classified as “rumors.” The bad news is that bitcoin’s price has dropped, and if the Chinese rumors are false, then we’re no closer to finding the true cause of the drop. http://bitcoinist.net/bitcoin-price-china-rumors/ |
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Hacked Bitcoin Exchange Bitfinex Swaps Over 20 Million Tokens For Equity Bitfinex has announced that many of its largest BFX token holders have agreed to exchange over 20 million BFX tokens for equity in the company, marking a step in its recovery following the August theft of approximately 119,756 bitcoins valued at more than $70 million. The equity consists of shares of Bitfinex’s owner, iFinex Inc. “This is a significant step towards the recovery and stabilization of our company,” said Philip Potter, the company’s chief strategy officer. “ https://www.cryptocoinsnews.com/hacked-bitcoin-exchange-bitfinex-exchanges-over-20-million-tokens-for-equity/ |
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Bitcoin Reaches All Time High Daily Trading Volume at $5 bln Bitcoin reached its all time high daily trading volume at $5 bln earlier this week, primarily because of the current regulatory policies on Wealth Management Products in China. The rapid surge in daily trading volumes allowed the Bitcoin price to reach a multi-month high, surpassing $733 in most markets. https://cointelegraph.com/news/bitcoin-reaches-all-time-high-daily-trading-volume-at-5-bln |
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Bitcoin's at It Again It's happening again. Bitcoin has locked step with gold and taken to the skies as uncertainty about the U.S. election increases volatility in global markets. It is, in short, acting as a haven.The last time this happened was in the run-up to the U.K. referendum on European Union membership. Then, my colleague, Tim Culpan, and I argued that digital currencies can't be taken home and stored in a vault. https://www.bloomberg.com/gadfly/articles/2016-11-03/bitcoin-s-at-it-again |
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Man fraudulently used woman’s credit card to buy bitcoin
Tokyo Metropolitan Police have arrested a 33-year-old company employee for fraudulently using a another person’s credit card to purcahse the bitcoin virtual currency, reports TV Asahi (Nov. 3). In January, Ryota Fujii, 33, allegedly used a credit card and photograph of a driver’s license of a woman in Shizuoka Prefecture to purchase 600,000 yen in bitcoins and establish an account in that person’s name. http://www.tokyoreporter.com/2016/11/03/tokyo-cops-man-fraudulently-used-womans-credit-card-to-buy-bitcoin/ |
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What Stands in the Way of Bitcoin Mass Adoption in Africa Potentially, Africa’s huge unbanked population combined with the burdensome process of opening and operating a bank account should make Bitcoin an instant hit. However, its adoption has been irritatingly slow even though the basic infrastructure is not missing. It is estimated that by the end of this decade that 80 percent of the continent’s more than 1.2 bln population would be using Smartphones. Then what hinders Bitcoin penetration in Africa? Cointelegraph spoke about it with experts in the cryptocurrency community on the so-called dark continent. https://cointelegraph.com/news/what-stands-in-the-way-of-bitcoin-mass-adoption-in-africa |
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Updated Prospectus For Bitcoin Trackers By XBT Provider Approved By Swedish Financial Supervisory New updated prospectus released for the issuance of bitcoin tracker certificates under the issuance programme of XBT Provider AB (publ). The new prospectus reflects the changes in ownership structure as well as the change of guarantor. The prospectus was approved and registered by the Swedish Financial Supervisory Authority (Finansinspektionen) on 7th of October 2016, and the prospectus is available for download on XBT Provider’s website ( www.xbtprovider.com). The correct performance of the Issuer's obligations regarding the certificates is guaranteed by Global Advisors (Jersey) Limited. http://www.mondovisione.com/media-and-resources/news/updated-prospectus-for-bitcoin-trackers-by-xbt-provider-approved-by-swedish-fina/ |
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Mexican Bitcoin Trading Volume Grows As Local Banks Pass “Donald Trump Stress Test” The Mexican banking sector is going into some contingency mode right now. If Donald Trump were to win the presidential elections, the banking system in the country would come under a lot of pressure. Financial regulators have ordered all institutions to conduct stress tests modeled after a Trump victory. At the same time, Bitcoin adoption in the country continues its upward trend. http://www.newsbtc.com/2016/10/20/mexican-bitcoin-trading-volume-grows-local-banks-pass-donald-trump-stress-test/ |
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Winklevoss twins choose State Street as administrator and transfer agent of Bitcoin ETF Cameron and Tyler Winklevoss, the co-founders of Gemini bitcoin exchange, have chosen State Street as the administrator and transfer agent for the Winklevoss Bitcoin Trust, their proposed bitcoin exchange-traded fund (ETF). In its capacity as the Trust’s administrator, State Street will be responsible for the day-to-day administration of the Trust which includes maintaining the books of account; calculating the NAV; transmitting the NAV per Share to the transfer agent, the sponsor, Bats, and other entities as directed by the sponsor; and preparing financial information. As the Trust’s transfer agent, State Street will provide its services with respect to the creation and redemption of ‘Baskets’ by authorized participants; the issuance and redemption of shares, the payment, if any, of distributions with respect to the shares; the recording of the issuance of the shares and the maintaining of certain records. http://www.econotimes.com/winklevoss-twins-choose-state-street-as-administrator-and-transfer-agent-of-bitcoin-etf-357760 |
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Bitstamp and Trezor collaborate to enhance bitcoin security Bitstamp, a European Union-based bitcoin marketplace, has partnered with Trezor, leading bitcoin hardware wallet, for improved bitcoin security and user experience. According to the official release, with the collaboration, Bitstamp will now support withdrawals for funds straight to the user’s Trezor. Embedded Trezor accounts will allow users to withdraw newly acquired bitcoins to the safety of their Trezor device in just a few clicks. http://www.econotimes.com/bitstamp-and-trezor-collaborate-to-enhance-bitcoin-security-357768 |
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India’s First Real-Time Bitcoin Trading App Launched for 190 Million Smartphone Users Indian bitcoin exchange Coinsecure has launched a mobile app that facilitates real-time bitcoin trading on-to-go in a country that is seeing an increasing number of adopters of the cryptocurrency. Indian bitcoin users on Android will now be able to trade and exchange bitcoin on-the-go via a mobile application. The application also displays live order books, facilitating users to place their bids and asks, check pending orders and withdraw or deposit funds among other features. https://www.cryptocoinsnews.com/indias-first-real-time-bitcoin-trading-app-launched-190-million-smartphone-users/ |
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As the title says, i tried using purse.io but mostly likely is either shipping costing 30 dollars more or not able to ship to asia. I went digging around the forum and google. But all i find was prices that was higher than amazon or doesn't ship to asia again. Anyone got any recommendation for me? Trying to buy Pc Parts/ Electronics. If things does not work out i will just try to buy with purse.io with 30 dollars extra.
Note: Location is at South-east Asia.
Thanks for the help!
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State’s bitcoin community gets rattled as cryptocurrency firm leaves N.H. due to regulation The state’s small but active bitcoin community has been rattled by a cryptocurrency firm’s decision to leave New Hampshire because it doesn’t like the state’s regulations, raising the thorny question of how government can protect consumers drawn to an industry designed to sidestep government. http://www.concordmonitor.com/cryptocurrency-problem-4989137 |
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Deutsche Bank is in Trouble; Bitcoin to the Rescue? Deutsche Bank has fallen facedown, but this time, no one’s there to pick it up. Read More :http://www.newsbtc.com/2016/10/03/deutsche-bank-trouble-bitcoin-rescue/ |
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Technical Maintenance By BTC-E Causes Unjustified Panic Among Bitcoin Users The BTC-E exchange has been down earlier today due to scheduled maintenance. As is usually the case when this happens, there is a lot of confusion and panic over what is going on. Many people assumed there was a security breach, but that does not appear to be the case. No funds are stolen, and everything should be working as normal once again. http://themerkle.com/technical-maintenance-by-btc-e-causes-unjustified-panic-among-bitcoin-users/ |
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Kim Dotcom Sees Bitcoin Hitting $2000 The veteran entrepreneur whose endeavors have included one of the most successful file-sharing websites in history, Megaupload, and later the much more regulation-friendly Mega.co.nz as well as the halted Baboom music service, believes that Megaupload2 and Bitcache will not just be a success, but will also lead to serious price boosts of Bitcoin. In a recent tweet exchange, Dotcom told Andreas Lang: "MU2 and Bitcache will take #Bitcoin mainstream. I expect Bitcoin to hit the $2000 mark within 2 years." https://www.cryptocoinsnews.com/kim-dotcom-sees-bitcoin-hitting-2000/ |
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