Category Archives: Bitcoin

Anarchast Ep. 124 Rafael of Bitangels: Bitcoin is Bigger than the Internet!
Jeff Interviews Rafael of BitAngels, topics include: Aristotle, Bitcoin as perfect Platonic money, Austrian economics, the eternal blockchain, Bitcoin volatility as price discovery, MaidSafe...

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Anarchast Ep. 124 Rafael of Bitangels: Bitcoin is Bigger than the Internet! - Video

Several of Chinas largest bitcoin exchanges pulled out of a global conference in Beijing this weekend after the central bank signaled further curbs on speculative trading of the virtual currency.

BTC China Co. said it and four other bitcoin trading platforms agreed to adopt stricter practices such as halting margin trading and short selling. They also agreed to not participate in bitcoin marketing conferences and gatherings, according to a statement posted today on the website of BTC China, the oldest of the nations bitcoin operators.

BTC China, OKCoin and Huobi.com will no longer attend the Global Bitcoin Summit on May 10 as planned, BTC China Chief Executive Officer Bobby Lee said by phone today. Speakers from the exchanges who were to appear at the conference were taken off an updated schedule sent to media today by organizers.

We got together with a few exchanges and decided to coordinate some efforts in light of the perceived clampdown of the central bank, Lee said. Weve decided to stay more low-key and skip out of the conference this weekend.

The Peoples Bank of China began a crackdown on bitcoin in December, barring financial institutions and payment companies from dealing in the crypto-currency amid concern it could be used to launder money or skirt capital controls. Since then, the nations banks have closed the accounts of online trading platforms used to transfer money to bitcoin trading accounts.

A spokesman for the PBOCs media relations department declined to comment today.

Bitcoin prices were volatile today, falling as low as 2,590.02 yuan on BTC China after the exchange operator said it would stop accepting bank transfers of funds to customer trading accounts. They later rebounded to as high as 2,720 yuan.

Prices plunged almost 10 percent on March 27 after Caixin reported that PBOC ordered banks and payment companies to close accounts used to transfer money to bitcoin trading accounts at the exchanges. Bank of China Ltd. announced on its website on April 30 that it was banning the use of its bank accounts to charge trading accounts.

Chinese exchange users have decreased as increasingly strict policies cause concern, Leon Li, founder of Beijing-based trading platform Huobi.com, said in an April 26 interview.

About 600 people will probably take part in Chinas first international bitcoin conference, according to Hitters Xu, one of the organizers. About 15 percent of the attendees will be foreign nationals, he said.

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Chinas Bitcoin Exchanges Pull Out of Summit After PBOC

Bitcoin start-ups need to do a better job policing themselves or risk getting bogged down in regulation and legal fees, said an executive of a cryptocurrency "wallet" company.

"As an industry we need to be much more committed to consumer protection than we already are," said Blockchain.info COO Peter Smith said in an interview Monday at TechCrunch Disrupt in New York.

Blockchain, which builds software that allows users to securely manage their funds, is the Internet's most popular bitcoin service, with about 1.6 million wallets on its platform.

Read More Why bitcoin needs a marketing campaign

Educating consumers about the different types of bitcoin services, specifically exchanges and digital wallets, is one of the key things the community needs to do as soon as possible, Smith said.

Case in point: More than $450 million worth of bitcoin vanished when Mt.Gox, a popular bitcoin exchange, collapsed in February. Mt.Gox was a centralized trust, where all users' coins are stored together in a master account. So when the exchange was the target of an attack, all bitcoins in the exchanged were vulnerable.

The centralization makes such exchanges riskier, and consumers need to be aware that they should only keep small amounts of money in such platforms, Smith said. Platforms like Mt.Gox a really made for people like day traders, and the average bitcoin enthusiast shouldn't keep large sums there, he said.

Smith said digital wallet serviceslike his companyhave security features that allow users to store the private keys (which are needed to access their bitcoins) and send payments, and are probably more appropriate for the average consumer.

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Bitcoin 'wallet' expert calls for self-regulation

MT. GOX BITCOIN EXCHANGE COLLAPSE MtGox ShutDown 740,000 MISSING BITCOINS
2014 Mt Gox has revealed 850000 bitcoins are unaccounted for following cyber attacks, and has 127000 creditors. Chief executive Mark Karpeles blamed a weakn...

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MT. GOX BITCOIN EXCHANGE COLLAPSE MtGox ShutDown & 740,000 MISSING BITCOINS - Video

BITCOIN ATM OPENS IN HONG KONG

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BITCOIN ATM OPENS IN HONG KONG - Video

De week van Bitcoin #25: Dark Wallet en Nationaal Bitcoin Congres
In De Week van Bitcoin 25 praten Tuur Demeester en Paul Buitink over de prijs van bitcoin en litecoin. Ook bespreken ze de Dark Wallet dat gebruikers in staat stelt om bitcoin anoniemer te...

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De week van Bitcoin #25: Dark Wallet en Nationaal Bitcoin Congres - Video

MIT Bitcoin Expo 2014: James D #39;Angelo speaks
5/3/2014 MIT Building 26 Room 100. MIT Bitcoin Expo: James D #39;Angelo speaks about the future of bitcoin to MIT students. Some really interesting points he brought up and some interesting future...

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MIT Bitcoin Expo 2014: James D'Angelo speaks - Video

The Great Gold vs Bitcoin Debate: Casey vs Matonis
Subscribe to our newsletter at . Episode 121: Doug Casey of Casey Research (/) debates e-money researcher (themonetaryfuture.blogspot.co.uk/) and "crypto economist" Jon Matonis on the virtues...

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The Great Gold vs Bitcoin Debate: Casey vs Matonis - Video

BITCOIN: Govt Wealth CONFISCATION Tool? | Jerry Robinson
Andy Hoffman discusses Russia, Ukraine, Dow Jones Propaganda Average, the physical demand for silver, Janet Yellen, unemployment, Belguim, money printing, ho. Fed tapers, stock market to crash?...

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BITCOIN: Govt Wealth CONFISCATION Tool? | Jerry Robinson - Video

Massive Market Crash in the next few weeks..? The Collapse of Bitcoin
Massive Market Crash in the next few weeks..? The Collapse of Bitcoin videos.. Please click here to subscribe to my channel.. Can we really expect to see a m. Bitcoins Silver Gold Markets...

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Massive Market Crash in the next few weeks..? The Collapse of Bitcoin - Video