Category Archives: Cryptocurrency

BitCoin, LiteCoin, etc.

Bitcoin ‘BearWhale’ rattles cryptocurrency world

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Even without the big sell limit, bitcoin's value has seen a steady degradation since early July when its price topped $630. Various explanations have been offered for the move, but one of the most common has been that the increased merchant adoption of the currency has put downward pressure on it.

The theory holds that merchantswho almost always accept bitcoins as payment for products and services and then immediately exchange them back into local currenciesare creating an excess of sellers in the marketplace, thereby adding to the fall in exchange value.

"More merchants want to take advantage of the purchasing power of the community, and the more merchants accept, the more bitcoins will be for sale," Euro Pacific Capital's Peter Schiff told CNBC in September. "(The market is) not going to be able to come up with enough new buyers."

Read MoreApple Pay won't bite into bitcoin: Winklevoss

This point of view has been expressed by Citi and other observers.

But Gallippiwhose BitPay system enables businesses to accept bitcoins and then instantly exchange them for local currencydisputed this theory. While it is true that these transactions are bringing more sellers to the market, he said, most people are only using bitcoins for goods and services when they see the price spiking.

So in effect, the increased adoption of bitcoin by merchants is putting a ceiling on the price, but not applying general downward pressure, Gallippi said.

For more on the possible reasons why bitcoin may be sliding, CoinDesk put together a summary of the digital currency's third quarter.

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Bitcoin 'BearWhale' rattles cryptocurrency world

Cryptocurrency Round-Up: Bitcoin Bounces Back and FBI’s Silk Road Hacking was ‘Reasonable’

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Bitcoin and other cryptocurrency markets see prices increase following days of decline.(IBTimes UK)

The price of bitcoin has received a much needed boost, bouncing back up above $350 following an 8% rise in value since yesterday.

The price increase has had a positive knock-on effect across all other major markets, with none of the top twenty most valuable cryptocurrencies seeing any negative movement in the last 24 hours.

The biggest gains amongst the big players come from darkcoin and namecoin, which both saw a 10% increase that took their market capitalisations above $10 million once again.

Bitcoin Foundation comments on BitLicense proposal

The Bitcoin Foundation has highlighted the need for public access to the "extensive research and analysis" cited by the New York Department of Financial Services's (NYDFS) in its BitLicense proposal.

Jim Harper, global policy counsel for the Bitcoin Foundation, said that the proposed BitLicense regulation should not "sacrifice bitcoin's benefits" if the outcome is unknown or merely speculative.

"A regulatory regime that is markedly out of step with others is very likely to create inefficiency in national and global markets, which would suppress competition, hamper the delivery of benefits to consumers and frustrate consumers," Harper said.

FBI's warrantless hacking of Silk Road was 'reasonable'

Prosecutors in the case of Ross Ulbricht, the alleged creator of the black market site Silk Road, have claimed that hacking the site without a warrant would have been lawful.

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Cryptocurrency Round-Up: Bitcoin Bounces Back and FBI's Silk Road Hacking was 'Reasonable'

Cryptocurrency Round-Up: Branson Backs Blockchain and Overstock Plans Bitcoin-Based Stock Market

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Cryptocurrency markets stabilise, while Blockchain receives funding and Overstock plans stock exchange(IBTimes UK)

Following a tumultuous few days for bitcoinand other cryptocurrencies, most major markets seem to have stabilised over the last 24 hours.

Bitcoin, litecoin and darkcoin all shifted by less than 1% in value since yesterday, while dogecoin saw some positive movement to take its market capitalisation back up above $27m.

Blockchain raises $30m

Bitcoin wallet firm Blockchain has announced record Series A funding, raising over $30m in capital in its first round of outside financing that included notable investors such as British entrepreneur Sir Richard Branson.

Blockchain is the largest provider of bitcoin wallets in the world, with over 2.3 million consumer wallets being downloaded since the company was founded in 2011.

"The company has grown exponentially in every way over the last 18 months," Peter Smith, president of Blockchain, said in a statement.

"We are honoured to add investors and partners to the team with deep expertise in financial services and consumer technology."

Overstock to create bitcoin-based stock market

Online retailer Overstock has announced it is working on a decentralised stock market based on the bitcoin block chain protocol.

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Cryptocurrency Round-Up: Branson Backs Blockchain and Overstock Plans Bitcoin-Based Stock Market

055 Mashup P2P Bitcoin CryptoCurrency Innovation Liberty Funny FileSharing SoulTradeGame PR Cat – Video

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055 Mashup P2P Bitcoin CryptoCurrency Innovation Liberty Funny FileSharing SoulTradeGame PR Cat
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By: VanosEnigmA Enigmaisland

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055 Mashup P2P Bitcoin CryptoCurrency Innovation Liberty Funny FileSharing SoulTradeGame PR Cat - Video

What is Bitcoin? What is cryptocurrency? Is Bitcoin money or currency? – Video

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What is Bitcoin? What is cryptocurrency? Is Bitcoin money or currency?
Rodrigo #39;s Bitcoin start-up: http://www.blinktrade.com Apps, books courses for entrepreneurs: http://www.problemio.com In this tutorial, I ask Rodrigo what is Bitcoin and what is cryptocurrency....

By: Start Grow Your Business

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What is Bitcoin? What is cryptocurrency? Is Bitcoin money or currency? - Video