Personally i will be happy to hear from you an argued facts, that the project is hype. Do not knock coins out of the hands of honest people.


What`s your testing device, android version? As a tester i can say it is plenty of reasons why app could show an error massage.

My purpose of live is to start a new family, give birth and raise children, build or buy my own house, help develop my local church, to be a good christian.

The lack of natural resources is to blame for everything. We are all born in unequal conditions. Soil fertility, population density, the level of education. For example, on such a big territory like Canada live only 50 million people, and that country is rich as we all know. Simple.

Between the 12th and 15th of June, bitcoin lost approximately 30% of it’s value, seeing the largest dollar-value retracement across 4 days in bitcoin’s history of approximately $900 – $950 USD on both USD market leading exchanges Bitstamp and Bitfinex.


2017 has been an incredible year for bitcoins and cryptocurrency. Bitcoin’s price saw a 300% increase from the start of the year, and many altcoins have seen meteoric rises.

For bitcoin, it has been a year of records. The past 7 days has seen bitcoin experience both record-breaking price gains, and record-breaking price losses – with Bitstamp and Bitfinex dropping from approximately $3000 USD to test a low in the $2100 area.

From the break of bitcoin’s preceding $1200 all-time to the establishment of $3000 as the local top, bitcoin had seen a spike in price that reached the 2.68 Fibonacci extension area.

This last week has seen price retrace down the 50 percent retracement area of the bull run from the previous all-time high, with the current price action appearing to be heading for a retest of the 78.6 Fibonacci retracement area of approximately $2600.

Full article with charts:

https://news.bitcoin.com/markets-update-bitcoin-sees-largest-dollar-value-retracement-in-history/

-Mati Greenspan
eToro, Senior Market Analyst


Please note: All data, figures & graphs are valid as of June 15th. All trading carries risk. Only risk capital you can afford to lose.


The traditional markets went on a wild ride yesterday. There was a big swing down, then a big swing up only to wind up in the same place it started.

Though volatility spiked around the time of the Fed meeting, the VIX volatility index still closed at near record low levels.

As was widely expected by the markets, the Fed did indeed raise their interest rates by 0.25% despite stagnant inflation and wage growth.

The headlines that are saying that Fed has defied inflation but actually what’s happening is that they’re playing a huge game of chicken with the financial markets.

If the Fed blinks at this point or acknowledges that the economy isn’t doing well, it could set the already overvalued stock market for a tumble… and we wouldn’t want that.

What was more important yesterday was the Fed’s aggressive stance in offloading their bloated balance sheet. They have about $4.5 Trillion worth of assets that they purchased during the quantitative easing from 2009 to 2014 that they would like to start selling back to the market by the end of the year.

It’s a move intended to show confidence in the economy.

Full article with charts: https://hacked.com/is-bitcoin-a-safe-haven/

The global proliferation of bitcoin ATMs nearly doubled during May when compared with April. The United States and Canada saw increases in the number of bitcoin ATMs by almost 8%, whilst Russia’s bitcoin ATM presence evaporated following the withdrawal of Bitlish.


May saw significant price gains. Last month also saw a considerable expansion in the number of bitcoin ATMs internationally.

Coinatmradar reported an overall growth in the number of bitcoin ATMs of 6.7 percent internationally, as May saw 95 new bitcoin ATMs installed. 17 bitcoin ATMs were closed bringing the total of reported bitcoin ATMs to 1236.

Global Bitcoin ATM Proliferation Nearly Doubled During May

The majority of the growth took place in North America, with America seeing 7.9% (+55 ATMs), and Canada seeing the growth of 7.8% (+12 ATMs). The United Kingdom saw growth of 11.5% (+7 ATMs), and Japan saw growth of 36.4% (+4 bitcoin ATMs).

Bitlish closed its three ATMs located in St. Petersburg, which were the sole bitcoin ATMs in Russia reported to the site Coinatmradar. Bitlish’s exit from the Russian market comes amidst claims that it plans to install 5,000 new bitcoin ATMs across Europe – although the company’s hasty exodus has left some analysts skeptical regarding how long the ATMs are likely to remain open.

Read more: https://news.bitcoin.com/global-bitcoin-atm-proliferation-nearly-doubled-during-may/

After years with little to say about bitcoin, the Iranian government is reportedly just a few months away from passing proposed regulations for digital currencies.

Iran’s National Center of Cyberspace (NCC) has drafted a proposal for regulating digital currencies, reported The Financial Tribune, the country’s first English-language newspaper on economics. It is set to be passed by the High Council of Cyberspace in the next four months. “The widening use of digital currency, specifically bitcoin, in recent years has prompted officials to implement regulatory measures,” the publication wrote.

Two different commissions have been reviewing different aspects of digital currencies; one on the economic impact, and the other on security issues. “The two commissions will hold a meeting in the next two months to finalize the proposal,” NCC’s deputy for regulation Saeid Mahdavioon said, adding that:

Full article: https://news.bitcoin.com/digital-currency-regulations-iran/

Nepal has emphasized the need to develop a legal framework for monitoring Bitcoin and other ‘informal channeling of funds’ during recent budget and tax announcements, joining a number of communist societies that are seeking to control the use of bitcoin.


Nepal has recently announced its desire to devise a legal framework through which to monitor the informal channeling of funds through bitcoin and electronic currency transfers. The government also expressed its plan to implement an electronic payment system through the banking channel for the settlement of tax liabilities – hinting that it may seek to develop a national cryptocurrency similar to the ‘masterchain’ national cryptocurrency recently developed by Russia, or Singapore’s recent experiments with issuing Singaporean Dollars via distributed ledger.

The announcement that Nepal is seeking to regulate bitcoin comes in spite of the Nepalese bitcoin economy being amongst the least developed in the world, with no private exchanges offering trade between bitcoin and the Nepalese Rupee, and less than 20% of citizens connected to the internet. Although Nepal currently has not legally classified bitcoin, local papers are said to have reported that the Nepalese Central Bank has forbidden all transactions in cryptocurrency.

Nepal hosts one of the world’s six communist governments, joined by China, Laos, Cuba, Vietnam, and North Korea – all of whom exercise strict capital controls within their borders. As such, it is unsurprising that many of these governments have sought to restrict and stifle the development of bitcoin within their borders, with the developed cities of China comprising the sole exception.

China’s relationship with bitcoin has been well documented, with the threat of Chinese regulation causing numerous shake-downs in bitcoin’s price in recent years. China recently cracked down on high margin trading ratios permitted on bitcoin exchanges, describing such as having a manipulative effect upon the markets. Although China is moving toward a permissive regulatory framework pertaining to bitcoin trading and exchange operation, recent reports have alleged that Chinese officials are forcefully shutting bitcoin mines in Sichuan – where cheap hydropower has lured investment from mining operators. These reports suggest that China will likely seek to limit the adoption of bitcoin throughout the many underdeveloped, loosely governed provinces outside of China’s center, especially mining, as bitcoin could facilitate the development of a myriad of informal economies outside of Beijing’s central control.  

Full article: https://news.bitcoin.com/nepal-joins-cadre-of-communist-countries-who-seek-to-stifle-local-bitcoin-adoption/?utm_source=dlvr.it&utm_medium=twitter

Bitcoin is plunging on Thursday. The cryptocurrency trades down 5.1% at $2,354 a coin, its lowest since the beginning of June.

The sell-off comes as markets around the globe are under pressure a day after the Federal Reserve raised its key interest rate by 25 basis points and laid out its plan to begin uwinding its massive balance sheet.

But, the writing has been on the wall. Bitcoin had gained about 180% from the beginning of April through the middle of June, putting in a high of $2,999.97 on June 12.

That run prompted tech billionaire Mark Cuban to call bitcoin a "bubble." Goldman Sachs also sounded the alarm on bitcoin in a note to clients sent out earlier this week, saying "the balance of signals are looking broadly heavy" and that the price could fall as low as $1,915.

While the news surrounding the cryptocurrency has been mostly positive as of late with China's three largest bitcoin exchanges lifting their bans on client withdrawals and Japan's government naming it a legal payment method, there is still one big issue that needs to be resolved. The US Securities and Exchange Commission took public comment on its prior decision to reject the Winklevoss twins' exchange-traded fund. It is unclear when an updated ruling will be handed down.  

http://www.businessinsider.com/bitcoin-price-is-tumbling-2017-6

The same request. My rank have been up to member last week, and i also wear monaco personal Text.
 Username:  Terraformer
Thank you.

The South Korean government will hold its first public auction of bitcoins that were seized from criminal proceeds, according to local publications. In doing so, the economic value of bitcoin will be recognized by the country for the first time.


The Korea Asset Management Corporation (KAMCO) has decided to auction off 216 bitcoins of criminal proceeds seized in April, according to local publications on Wednesday. KAMCO is a government-owned asset management company in South Korea. It manages state-owned properties, collects overdue taxes, as well as purchases and resolves non-performing loans of financial institutions.

Since seizing bitcoins, the organization has been contemplating what to do with the digital currency since there was no precedence. On Wednesday, MSN Korea quoted a KAMCO official saying (loosely translated):


Read more:

https://news.bitcoin.com/south-korea-dispose-bitcoins-public-auction/

Bitcoin ETN Crosses $100 Million After Unprecedented Demand From Investors, Partners With Xapo

The issuer of Europe’s only bitcoin-based exchange-traded notes (ETNs), XBT Provider, on Thursday announced that its assets under management (AUM) have doubled within the last 45 days to $100 million, due to “rapidly escalating” demand from investors. In addition, the Swedish-domiciled company has partnered with leading Bitcoin wallet and custodian Xapo.

Unprecedented Volume and Demand from Investors

Bitcoin.com recently reported on Britain’s largest broker, Hargreaves Lansdown, offering XBT Provider’s products on its investment platform. Bitcoin Tracker One and Bitcoin Tracker Eur, the only ETNs in Europe, are now available to Hargreaves Lansdown’s 876,000 clients.

Following this news, XBT Provider on Thursday announced that its total AUM has grown from $50 million on May 1 to $100 million. In the last 6 months, it has nearly tripled. Jean-Marie Mognetti, Head of Trading and Operations, commented:


Read more:

https://news.bitcoin.com/bitcoin-etn-demand-investors-partners-xapo/

Bitmain Responds to UASF With Another Bitcoin Hard Fork Announcement


Major Bitcoin mining hardware producer Bitmain today announced that it may launch a “hard fork” in August. Labeled a “contingency plan,” this announcement is a response to the upcoming user activated hard soft fork (UASF), as defined by Bitcoin Improvement Proposal 148 (BIP148) — and the wipe-out risk that comes along with it.

After an initial 8 megabyte proposal, Bitcoin Classic, the Hong Kong roundtable consensus, Bitcoin Unlimited, and SegWit2x, this marks the sixth time the Chinese mining giant has announced support for a hard fork in the space of two years.

Here’s what their latest proposal looks like.


On August 1st, a segment of the Bitcoin community will activate the BIP148 UASF. These users and miners will only accept Bitcoin blocks that signal support for Segregated Witness (SegWit), the protocol upgrade proposed by the Bitcoin Core development team. If, at that point, a majority of miners (by hash power) does not signal support for SegWit through BIP148, Bitcoin’s blockchain and currency could split in two, resulting in a coin-split.

Now, with Bitmain’s hard fork announcement, it seems there could be a third part to the split … sort of.

Bitmain refers to its announced hard fork as a “UAHF” or User Activated Hard Fork. While perhaps a clever play on UASF, this is not a very accurate term because the “contingency plan” will actually be very explicitly launched by Bitmain — and Bitmain alone.

Moreover, use of the term “hard fork” is questionable in this context as well. Originally, at least, the term referred to a change to the Bitcoin protocol that makes previously invalid blocks or transactions valid. But for it to be a change to Bitcoin’s protocol, at the very least it arguably requires the Bitcoin ecosystem to follow these new rules.

Under Bitmain’s own stated condition this wouldn’t be the case, at least not to the full extent. Rather, the “UAHF” will only be launched in response to a successful BIP148 UASF. It is thus more or less assumed that not everyone will adopt the new rules, which indeed seems likely. Technically, at least, Bitmain’s “hard fork” would be better described as the creation of an entirely new coin that shares a common history with Bitcoin.

For purposes of this article, Bitmain’s version of Bitcoin will therefore be called “Bitmain’s Bitcoin.”


So what. specifically, will Bitmain’s Bitcoin look like?

Bitmain announced it will create Bitmain’s Bitcoin exactly 12 hours and 20 minutes after the UASF activation, though this is configurable. At that specific point in time, under Bitmain’s new rules, a block must be included in the blockchain that’s bigger than one megabyte. This will automatically “split” the chain — or create a new chain depending on how you look at it. All existing full Bitcoin nodes would reject this block and ignore this chain, and would continue to follow the chain adhering to Bitcoin’s current consensus rules.

From that point on, Bitmain will first mine on Bitmain’s Bitcoin chain privately for three days. After these three days, Bitmain will “officially” launch Bitmain’s Bitcoin to the public if three circumstances are met.

First off, the BIP148 UASF must have been successful enough to have gained significant hash rate. Second, there must be strong market demand for Bitmain’s Bitcoin. And third, the non-BIP148 side of the split must be less than successful, comparatively.

Then, if launched, Bitmain’s Bitcoin will accept bigger blocks. The statement mentions an initial limit of up to 8 megabytes, though this is slightly ambiguous as the same blog post mentions there will be “no hard-coded consensus rule” at all. The hardware manufacturer does add that miners should impose a “soft limit” of less than 2 megabytes, which is really more like a recommendation. Additionally, Bitmain writes that there will be a new protocol limit on “sigops,” which, in short, should counter some potential attack vectors on bigger blocks that could otherwise significantly slow down propagation times.

For the longer term, Bitmain lays out a “future roadmap” that includes a version of Segregated Witness, Extension Blocks, Bitcoin NG, Lumio, Schnorr signatures, Weak Blocks, and Bitcoin Unlimited-inspired base block size increases up to almost 17 megabytes in two years. Overall, this “future roadmap” part of the announcement does not seem very concrete yet, however.


The good news is that anyone who holds bitcoins (meaning: their private keys) at the time of a split will receive coins on both sides of the chain. In other words, you will get free "Bitmain bitcoins", which you can keep, sell or spend as long as someone is willing to accept them as payment. Bitmain will even implement replay protection on Bitmain’s Bitcoin, which means that there should be no risk of accidentally spending the same (copied) coin on both chains.

From a broader Bitcoin and scaling perspective, the chances of BIP148’s success may have actually increased, due to this announcement. If Bitmain follows through on their blog post, it means the company will take hash power that could have otherwise frustrated the UASF “off the table,” to mine on Bitmain’s Bitcoin chain. As a result, there is a greater chance that BIP148 miners will claim the longest chain versus non-BIP148 miners, avoiding a coin-split on the original blockchain. Additionally, Bitmain’s blog post seems to have angered some Bitcoin users that were so far undecided, further increasing support for BIP148.

The other scaling proposal in the running is SegWit2x, which is also supported by Bitmain. SegWit2x code should, according to its timeline, be up and running before August 1st. If that deadline is met, it may or may not prevent a coin-split in the first place, depending on its compatibility with the BIP148 UASF. But since this proposal has been mostly developed in private, the status of this project — as well as its (in)compatibility with Bitmain’s “contingency plan” — remains largely unclear.

And of course, in the end, it's possible that neither BIP148, nor SegWit2x, nor Bitmain's Bitcoin will gain much traction. Status quo could prevail, in which case not much would change at all.

https://bitcoinmagazine.com/articles/bitmain-responds-uasf-another-hard-fork-announcement/

Australian Politician Calls for Bitcoin Scrutiny in Fight Against Terrorism

A major Australian politician is calling for the government to increase its oversight on bitcoin.

In a speech Tuesday, first reported by The Register, Australia's opposition leader Bill Shorten suggested that government regulations on bitcoin should be more stringent to mitigate the chance it could be used illicitly by terrorists and cybercriminals.

Shorten, who leads the Australian Labor Party argued that as criminals are already seeking to "obscure their financial deals", and that digital currencies could become a prime target for exploitation when paired with the anonymity afforded by the dark web.

Shorten said:


The comments are the latest sign out of Australia that the government is beefing up its efforts to regulate and control encryption services.

Earlier this month, both Prime Minister Malcolm Turnbull and attorney general George Brandis went public with their belief that the pervasive use of encryption is proving problematic for law enforcement.

Further, the developments come amidst a wave of new increased attention for the more negative use cases of bitcoin. Following major ransomware attacks, law enforcement discussion now appears more active and critical of the emerging technology.

http://www.coindesk.com/australian-politician-calls-bitcoin-scrutiny-fight-terrorism/

The price of bitcoin continues to edge lower.



At press time, bitcoin was down 5.5% across global exchanges, falling to a low of $2,547.18. This figure was down nearly 15% from an all-time high of over $3,000 reached on 11th June, according to CoinDesk Bitcoin Price Index. This marked the lowest total observed on the BPI since 4th June, when average prices across exchanges fell to $2494.29.

Elsewhere, other cryptocurrencies were in the red. The price of ether, ethereum's native cryptocurrency, declined by nearly 10% to reach a low of $361. This was after testing new highs of more than $400 over this past weekend.

In the meantime, the top 20 cryptocurrencies by market capitalization according to data service Coinmarketcap almost all fell for an average 7%. Even IOTA, a token for an Internet of Things-specific distributed ledger software was down 15% after a strong market debut yesterday.

Bucking this trend, however, was Ripple's XRP token, the third-largest by market capitalization after bitcoin and ethereum, which surged for nearly 10% today.

According to data service Coinmarketcap, Korean Won trading contributed to 61.5% of XRP volume with $271m in volume taking place across its three major exchanges.

http://www.coindesk.com/bitcoin-price-hits-10-day-low-crypto-markets-tumble/

Interesting article. But for the author payment a ransom in bitcoin is the main reason for bitcoin skyrocketing.
Sean Williams is  the best.

Bitcoin is not a bubble. It`s value grows gradually, with good and healthy responds to market situation. Etherium looks very bubbled. Such rapid growth..

I Agree, bank`s crooks for years robbed people using a cunning system with huge interest for money transfer. And now their leadership ended.

Most people satisfied with waves management policy. It`s confirmed by the great value of waves tokens. And yes, russians very like centralization and order. Their admins on forums always so rigorous.

Market Instability Causes Bitcoin Price Premiums, China & South Korea Trade at $2,850

There exists a strange correlation between market instability and bitcoin price premiums. In leading bitcoin exchange markets with the exception of the US, bitcoin premiums emerge when bitcoin’s volatility increases.

On June 12, bitcoin price achieved a new all-time high at $3,017 as demand from investor reached a peak on major bitcoin exchanges. However, after a massive sell-off by investors presuming a market correction, bitcoin price experienced a sharp 14 percent 24-hour drop, to around $2590. Within 24 hours since the fall, bitcoin price recovered in a relatively short period of time, to $2,750.

Amidst bitcoin’s volatile price trend, premiums in China, Japan and South Korea, the second, third and fourth largest bitcoin exchange markets reemerged. Although the premium rate demonstrated by the three markets is not as high as it once was, the three markets are trading bitcoin at around a 10 percent premium in comparison to the US, the largest bitcoin exchange market.

At the time of reporting, bitcoin is being traded in the US for around $2,680. In Japan, bitcoin is being traded with a $100 premium and in China and Japan, investors are trading bitcoin with a $200 premium.

On June 11, CCN reported that bitcoin price stabilized in the $2,900 region after a major market correction in late May, as the big three bitcoin exchanges in the Chinese market including OKCoin, Huobi and BTCC resumed withdrawals for local traders and investors.

The resumption of withdrawals for Chinese traders allowed the Chinese bitcoin exchange market to surpass Japan and South Korea to reclaim its position as the second largest market behind US. The Chinese market’s short-term recovery provided the global bitcoin exchange market with stability, dematerializing premiums in the Japanese and South Korean markets.

However, despite the Chinese market acting as a catalyst to stabilize the global market, bitcoin’s high fluctuation and volatility led major markets to swing wildly. Such instability led to the resurfacing of high premiums in major markets, particularly in South Korea.

In previous coverage, CCN provided extensive analysis on the premium rates in South Korea and Japan due to the two countries’ strict anti-money laundering (AML) policies and regulatory frameworks. Robust AML systems make it extremely difficult for anyone within and outside of the South Korean and Japanese markets to take advantage of bitcoin arbitrage opportunities without being flagged by regulatory agencies.

More to that, the instability of the entire cryptocurrency market and the underwhelming performance of the top 30 cryptocurrencies is increasing premium rates in Japan, China and South Korea. Usually, premiums increase when bitcoin price is lower because investors rush in to buy. In the three above mentioned markets, premiums have always existed, even when bitcoin price hit its peak at $3,000. Based on the mid-term bitcoin price trend, premiums on the three markets only dematerializes when the entire market stabilizes.

Additionally, during extreme fluctuations, bitcoin exchanges suffer from outages due to explosive customer demand. When bitcoin price achieved its all-time high price on June 13, bitcoin exchanges including Coinbase and BTC-E experienced outages as their servers could not handle increasing traffic.

An official statement from Coinbase read:

“Coinbase is currently experiencing high traffic & customers have receive(d) a ‘service unavailable’ message when visiting Coinbase.com.”

https://www.cryptocoinsnews.com/market-instability-causes-bitcoin-price-premiums-china-south-korea-trading-at-2850/