Latest posts of: PHPSELLER

As has been the trend in recent days stretching into weeks, Bitcoin is booming, making significant gains as demand surges, driven largely by Asian investors.

The Bitstamp Price Index (BPI) stuck a high of $749.98, continuing its ascend from yesterday’s high of $740. Bitcoin price struck yesterday’s milestone following a frenzied trading period where price rose 4% from $714.88 to $739.01 in a 30-minute period.

Read More: https://www.cryptocoinsnews.com/bitcoin-continues-surge-nearly-scaling-750/

CME Group, the world’s largest futures exchange, has launched a pair of indexes to track bitcoin’s price, a move that could boost bitcoin’s visibility in the futures market.

The newly-introduced CME CF Bitcoin Reference Rate (BRR) and the CME CF Bitcoin Real Time Index (BRTI) are a standardized reference rate and a spot price index, respectively. The indexes are expected to drive the professionalization of bitcoin trading and further establish digital assets as a new asset class, CME noted on its website.

Read More: https://www.cryptocoinsnews.com/cme-group-launches-indexes-to-track-bitcoins-price/

The Free Republic of Liberland, a self-proclaimed micronation on the western bank of the Danube river currently using Bitcoin as their national currency, has hinted that it may migrate to a new cryptocurrency.

Cointelegraph spoke to Vit Jedlicka, the president of Liberland.

Read More: https://cointelegraph.com/news/free-republic-of-liberland-values-bitcoin-but-ready-to-move-on-to-dash

Bitcoin on Boulevard: 25 Shops in Paris Ready to Accept Bitcoin For Payment

Starting on Nov. 17, merchants at the Passage du Grand Cerf will be the first Parisian marketplace to accept Bitcoin, with 20 shops already preparing for its acceptance. These shops will be added to Paris’s growing list of Bitcoin-accepting shops and will be accepting both fiat and Bitcoin with the help of several Bitcoin groups.

The Passage and Bitcoin

With the help of France’s Cercle du Coin Bitcoin club and La Maison du Bitcoin by Ledger, the merchants of the Passage are welcoming Bitcoin as an additional and alternative way to pay without suffering heavy fees and rates for transactions, thanks to Bitcoin’s P2P system.

Read More: https://cointelegraph.com/news/bitcoin-on-boulevard-25-shops-in-paris-ready-to-accept-bitcoin-for-payment

Jerry Brito of Coin Center: Give Bitcoin 5 Years to Do What Google, Facebook Did..

Jerry Brito, the executive director of Coin Center, which has been advocating for the advancement and free use of Bitcoin and other cryptocurrencies, says Bitcoin still needs about five more years to be powerful.

Coin Center is a Washington think tank that studies the Blockchain and digital currencies.

Brito, who has been involved in advising the government to take a light regulatory approach as the technologies evolve, thinks that now is the best time to get involved in the cryptocurrency.

Read More: https://cointelegraph.com/news/jerry-brito-of-coin-center-give-bitcoin-5-years-to-do-what-google-facebook-did

Venture capitals may like the ideas of other public chains like R3 but they will later realize that Bitcoin is the real thing after the Blockchain bubble bursts, says angel investor in Bitcoin and Ethereum startups, Chandler Guo.

He said in his interview with ether.camp at the Clare Hall of the University of Cambridge:

“We’ve come to revolutionize them, not to be in cooperation with them. So we don’t like them. They are a big company, banking idea. We come here to use Bitcoin to destroy their system, not to follow them.”

Read More: https://cointelegraph.com/news/how-bitcoin-will-destroy-r3-and-other-blockchains-in-three-years

Bitit is currently partnering with Neosurf and its 100,000 plus local stores, and the Bitcoin startup is now planning to expand its network to up to 150,000 retailer stores.

This marks the beginning of a new stage for the Parisian-based company of five, which has partnered with distribution network specialist Flexepin, to launch cash-for-Bitcoin buying in over 15,000 convenience stores in Canada and Australia.

Read More: https://cointelegraph.com/news/50000-more-outlets-for-instant-cash-bitcoin-purchases-in-canada-australia-and-europe

Over the past few years, Peter Thiel, a prominent venture capitalist with a net worth of $2.7 bln, spoke of the threat Bitcoin poses to fiat money and the financial freedom it grants to its users.

Thiel, who appeared on the Economist’s Keynote interview, stated:

"It becomes a threat to fiat money at a point where Bitcoin is encrypted in such a robust way that the tax authorities can't break the encryption, can't tell how much money you have, and what transactions you are doing."

Read More: https://cointelegraph.com/news/trump-connected-billionaire-peter-thiel-bitcoin-threatens-fiat-tax-authorities-cant-break-codes

The United Nations Children’s Fund (UNICEF) has invested in a South African blockchain startup as part of a broader technology innovation push.

UNICEF indicated in February that it was looking to fund projects focused on the tech through an innovation fund launched last year. At the time, UNICEF said it was looking at the areas of digital identity and remittances as possible areas of investment, and UNICEF later moved to hire a point person on blockchain.

Read More: http://www.coindesk.com/unicef-just-invested-first-blockchain-startup/

Gemini has announced a series of API offerings aimed at automated traders.

Revealed today, Gemini users are now able to connect to the New York-based bitcoin and ether exchange via a REST API, WebSockets API and a FIX API, upgrades that bring more widely used electronic communications protocols to the platform.

Read More: http://www.coindesk.com/bitcoin-exchange-gemini-adds-apis-automated-traders/

Digital currencies may have launched the blockchain conversation, but it's no secret that they've taken a backseat amid rising interest in distributed ledgers.

Now, with the help of 'Big Four' audit firm PwC's Australia division, a trio of startups are making a play aimed squarely at altering this narrative by convincing financial institutions that bitcoin (and the open network of digital currencies that has sprung up around it) could help them launch new services and better serve existing customers.

Blockchain, arguably bitcoin’s most prominent wallet provider has commenced beta-testing a feature that will enable users to fund their bitcoin wallets near-instantaneously and directly. The feature comes as the result of a partnership between Blockchain and Danish Fintech payments startup Coinify.

Read More: https://www.cryptocoinsnews.com/bitcoin-buying-gets-boost-new-blockchain-coinify-partnership/

A recent assessment from the Hong Kong Central Bank has warned that blockchain could increase the risk of money laundering, according to The Business Times.

In a study, the HKMA said even though bitcoin’s distributed ledger could save on cost and cut down on time, it also had the potential to provide criminals with a way of undertaking illegal activities.

Read More: https://www.cryptocoinsnews.com/hong-kong-monetary-authority-sees-blockchain-money-laundering-risk/

Token Hub Asia in the Philippines recently celebrated its one-year anniversary as a remittance service for an altcoin called Eternal Coin (XEC) serving the Philippines, Japan, Hong Kong and Korea. Eternal Coin is owned by a Japanese company called Atom Solutions.

The service charges users a flat 2 Philippine peso (approx $ 0.04 USD) remittance fee. It is possible to send the funds directly to a recipient’s mobile phone.

Read More: https://www.cryptocoinsnews.com/remittance-alt-coin-turns-year-south-east-asia/

Vit Jedlicka, the first president of Liberland, is working hard to create a utopia on what he believes is unclaimed land between Croatia and Serbia, according to the BBC. The utopia would have bitcoin as its currency and there would be no mandatory taxes or gun control.

The land in question includes 2.5 square miles of uninhabited marshland.

Read More: https://www.cryptocoinsnews.com/bitcoin-liberland-president-recognition/

India’s new PM, targeting people who skirt taxes, outlawed 500 and 1,000 rupee bills – a staple in ATMs in the country. He did it in what’s being called a “shock and awe” manner so that black market savers didn’t have enough money to figure something out to do about it.

People have stood in line at banks to receive new currency and ATMs, no longer stocked with the larger denominations, are running out of money. The moves will likely lead to an increase in demand for Bitcoin in India.

Read More: http://bitcoincreative.com/?p=11393

Donald Trump and Hillary Clinton may be considered to be the least popular presidential candidates in the history of American politics, but that hasn’t stopped punters from pouring in a record number of wagers into betting sites.

Bitcoin betting surges during US election seasonThe recently held 2016 U.S. presidential elections has been called the biggest non-sporting betting in the UK’s history, surpassing even the Brexit referendum, with punters spending more than £150 million on the outcome.

Across the world, unaccountable, unelected, bureaucrats, continue to mismanage their nations’ money in numerous ways at a high cost for the people. The most striking case is in India.

It is difficult to imagine waking up one morning to suddenly find out that 85% of your money is not actually money any longer, but that is exactly what happened at one of the most populous country on earth, where, what the day before was worth 500 rupees or 1,000 rupees, around $7 and $15, was instantly declared worthless.

Read More: https://www.cryptocoinsnews.com/bitcoin-thrives-china-india-zimbabwe-plunge-monetary-chaos/

The Bitcoin market is relatively unchanged from yesterday. A bit higher but nothing remarkable. Here is the 8-hour chart we looked at yesterday:

As we can see, the 2nd arc of the pair provided support, but the top of the square has been solid resistance. This leads us to the recurring question traders ask all the time” Which will give first? Resistance or Support?

Read More: https://www.cryptocoinsnews.com/bitcoins-quiet-storm/

R3 and Singapore’s central bank, the Monetary Authority of Singapore, have partnered up to establish a “distributed ledger technology center” to give Singapore a lead position in Asia’s FinTech industry.

Setting up a lab

The MAS will be collaborating with the NY-based company to develop and potentially implement Blockchains into financial institutions with the R3 Asia Lab. Both companies are aiming to disrupt the FinTech industry with efficient, transparent and cost-effective solutions which could improve transaction security and be used on capital markets worldwide.

Read More: https://cointelegraph.com/news/singapores-central-bank-pairs-up-with-r3-to-create-blockchain-rd-center