Many people around the world would like nothing more than to keep an eye on the Bitcoin price at any time of any day. However, that is not always possible, as people need to work and sleep as well, every now and then. Real Coin Tickers has come up with a creative solution to solve this problem, with their recently launched Tixie, a physical Bitcoin price ticker.
The past few days have been pretty interesting for the Bitcoin community, with noticeable price changes being recorded across all major exchanges. After nearly an entire year of flat Bitcoin prices, things started picking up again as of Wednesday evening. After a weekend of downward Bitcoin price manipulation, it looks like things have stabilized just below the US$270 mark.
Bitcoin companies have to keep evolving their business model at all times, if they want to stay ahead of their competitors. Rolling out new services, increasing staff numbers, and expanding the business on an international level all cost a lot of money, and funds have to come from somewhere. Conducting an IPO gives company owners an idea on whether or not there is an interest in their service. That being said, a Bitcoin mining company hadn’t IPO’d before, until now.
Make sure to read: E-Coin Hosts Equity Crowdfunding Campaign on BnkToTheFuture
Most everyday consumers are wary of Bitcoin because its price has turned out to be quite volatile. While this statement is true for the most part, Bitcoin is far from the only currency in existence that is suffering from a volatile price. Nearly every fiat currency, precious metal, digital asset, or anything issued by a bank or government is constantly fluctuating in price as well. Anyone in the world can openly track the Bitcoin price, and see which part of the world is influencing it.
Make sure to read: ABN Amro’s Arjan van Os: “Bitcoin is Ancient History To Us.”
One of the heavy topics of debate, which has been going on for years now, is whether or not Bitcoin is ready for mainstream consumption. Despite the increase in venture capitalist funds in both 2014 and 2015, the overall performance of this disruptive virtual currency has been rather lackluster. Or that is what the everyday consumer seems to think, even though that vision is not shared by everyone.
Bitcoin mining has been in a state of flux for nearly a year now, as there is hardly any money to be made. Even cloud mining providers are struggling to make ends meet, with the low Bitcoin price not doing anyone any favours. Australian-based Bitcoin mining company DigitalBTC reported severe losses before and after taxation. Things are not looking that good for Bitcoin mining companies around the world right now.
The Bitcoin mining ecosystem is still evolving at a rapid pace, even though miners have been using the same type of ASIC hardware for a few years now. Every Bitcoin ASIC miner holds dozens, if not hundreds, of small microchips designed to be energy-efficient and provide a ton of computational power. Bitmain, one of the world’s largest Bitcoin hardware manufacturers, announced their new BM1385 chip.
Despite Bitcoin being in a state of flux right now, due to a fairly low Bitcoin price and regulatory requirements scrutinizing startups in the US, some companies are still pushing forward with their expansion plans. HashingSpace Corporation have launched their Bitcoin mining pool – called Hashpool.com – and made the pool’s mobile app available for both Android and iOS users.
HashPool.com – A New Bitcoin Mining Pool With Mobile Tools
In recent weeks, the name HashingSpace Corporation has made headlines on this website multiple times. The company is on an aggressive spree in terms of expanding their offerings in the Bitcoin ecosystem. HashPool will be of interest to Bitcoin miners from all over the world, as the backend will balance the mining load based on a GEO-IP implementation.
Various retailers have started experimenting with Bitcoin payments in the past two years, including some very prominent names such as NewEgg, Overstock.com and Dell. Not every company is seeing a profit from this experience so far, as the declining Bitcoin price isn’t helping matters much. TigerDirect is one of the very few major retailers who have seen continued growth in terms of Bitcoin payments.
TigerDirect – Bitcoin Enthusiasts Like Their Tech Gadgets
The name TigerDirect is synonymous with electronics and PC hardware, both in the continental US and Canada. Even though this website does not ship orders outside of North America, there are quite a lot of domestic customers who alternate between NewEgg and TigerDirect for their electronics and computer needs.
For some unknown reason, China has been the biggest Bitcoin marketplace for many years now, despite the People’s Bank of China warning merchants not to deal with digital currency payments, for the time being. Many enthusiasts have always wondered why China remained the biggest Bitcoin trading market, despite there hardly being any use for spending Bitcoin. We now have an answer to that question, as China sees Bitcoin how most other people see it as well: an investment vehicle with tremendous potential for daytrading profits.
Bitcoin is most oftenly referred to as an investment vehicle, as its price per BTC is bound to go up sooner rather than later, according to analysts. Considering the fact that Bitcoin’s coin supply is fairly limited – 21 million coins by 2140 – and there is a growing number of users and transactions, that statement may hold some merit. But at what price will we be in 2016?
Over the past few weeks, we have published several articles about the new digital currency exchange UMEX. Even though this platform is still in open beta for the time being, their developers are coming up with multiple ways to please both experienced and novice traders alike. One of the latest additions to the platform comes in the form of FAK orders , which will act as an instrument for major digital currency players.
When it comes to choosing your favorite digital currency exchange, it’s not as easy as you might think to make a choice. While most people agree that several exchange platforms are horrible to use because of their delays in deposits and withdrawals, or simply because they operate in rather “shady” ways; the playing field has become so large over the past few years. Even though the UMEX exchange is still in beta, their team is pushing forward to provide the perfect exchange ecosystem.
One of the recurring topics of the past few months remains Bitcoin cloud mining, and its current struggle to be profitable for customers. Several Bitcoin cloud mining providers have halted their services for the time being, as other companies are working on new partnerships in order to provide their customers with a quality service. Genesis Mining, one of the few European Bitcoin cloud mining companies still in existence, has recently partnered with Spondoolies-Tech, a Bitcoin mining hardware manufacturer.
Given the recent Bitcoin price swings, the digital currency’ s volatility is once again becoming a topic of heavy debate as to why people should or should not get involved with BTC. Several companies are trying to protect their users from this volatility in one way or another. UMEX, a prominent Bitcoin exchange platform currently in its beta stage, has implemented to a feature which will switch the Bitcoin trading session to an auction-esque system.
Protection Against Bitcoin Price Volatility
Over the course of this past weekend, we have received several reports regarding the Hong-Kong based Mycoin.hk, which apparently closed its doors without warning and ran away with a lot of users’ funds. The reason why this is important is because the Mycoin.hk platform packaged their investment plan so that customers would receive Bitcoin in return for a fiat currency investment. While the scheme itself looks a lot like a ponzi scheme, they did manage to collect a ton of money from unsuspecting investors, and give Bitcoin an even worse reputation at the same time.
Mycoin.hk – Mining Contracts, Bitcoin & Ponzi Scheme Structure
Bitcoin prices are trending upwards again during this weekend, and it looks like BTC China is gobbling up most of the Bitcoin Trading volume over the past 24 hours. Whereas we usually see either OKCoin or or Huobi in lead as far as Chinese exchanges are concerned, things seem to be turned on its head for a change. Is this the beginning of a slow but steady march back to US$250? We will soon find out.
BTC China Back In Charge After Major Platform Upgrades
A few days ago, Bitcoin payment processor BitPay revealed some interesting statistics in regards to Bitcoin in 2014. Even though a ton of “news” and “reporting” has been done about the bitcoin price, there is much more to Bitcoin than just it’s monetary value. Where do people use Bitcoin the most? Is there more trading volume? Which companies started accepting bitcoin and is it available for everyone? The answers could surprise you.
Using Bitcoin – Focusing on Wrong Markets
A new Minister of Finance has been appointed in Greece a few weeks ago. While that fact may not seem too significant to most of our readers just yet, Yanis Varoufakis – member of Greece’s Coalition of the Radical Left – has formed his own opinion on Bitcoin nearly two years ago. It will be interesting to see if Mr. Varoufakis is still hostile towards Bitcoin and digital currency, or whether his stance has changed over the past 18 months.
“There can be no de-politicised currency capable of ‘powering’ an advanced, industrial society”
We have been asked a lot of questions by non crypto users about Bitcoin and what you can do with it. Some people we spoke to referred to it as “useless fictitious monopoly money”. When we asked how some of these people came to that conclusion or where they got the evidence to back up their claims they are usually silent.
In the rare occasions where we did get a response it is usually along the lines of citing biased sources, like bank officials ( yes trusting a bank is the really smart) or other self proclaimed “experts” in the financial sector ( who fail to grasp the elementary workings of Bitcoin).