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?
UMEX Exchange Implements Bitcoin Price Volatility Protection
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
Mycoin.HK Packages Fiat Currency Ponzi Scheme as Guaranteed Bitcoin Payout
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
BTC China Leading The Charge As Bitcoin Price Rebounds Across All Fiat Markets
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
How To Make Bitcoin A Success in 2015
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
Greece’s Minister of Finance : “Bitcoin is not capable of ‘powering’ an advanced, industrial society”
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”
What To Do With Bitcoin : A Few Tips
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).
Can BitFury Crack The Code To Make Bitcoin Cloud Mining Profitable Again?
BitFury, one of the world’s biggest brand names when it comes to Bitcoin mining hardware manufacturing, is looking to shake up the current cloud mining ecosystem. Rumours about this “change of direction” have been announced about a week, ago, and now that BitFury has purchased cooling specialist Allied Control, it looks like the company is one step closer to breaking ground in the world of Bitcoin cloud mining.
Bitfury – The Foundation of the Bitcoin Ecosystem
BitAccess : A Rising Star Among Bitcoin ATM Manufacturers
The news about Bitcoin has been bleak these days. The words like “scam” and “Ponzi scheme” are thrown in the mix without giving real evidence that is based on objective facts or data. So let us take a look at the companies that are Bitcoin-related. The first company that we are going to look at is BitAccess.
Who or what is BitAccess? BitAccess inc is located in Ottawa, Canada. This Canadian company was founded in November 2013. The main focus of the company is making Bitcoin easily accessible for everyone. They accomplish this by using their Bitcoin Automatic Teller Machines, which are operational in 26 different countries already.
Parent Company of Mt. Gox Faces Bankruptcy Proceedings
Tibanne Co., Ltd, the parent company of the infamous MtGox, Co, Ltd, is subject of an application to commence bankruptcy proceedings for their company. This is great news for everyone who was a victim of the Mt. Gox “collapse”, as things finally seem to be moving ahead in order to come to a conclusion. Bitcoin users will hopefully be able to leave this debacle behind them sooner rather than later.
Many Bitcoin enthusiasts around the world have been waiting for the parent company of Mt. Gox to be declared bankrupt, in order to continue with the proceedings in court. Earlier today, a PDF showed up on the Mt. Gox website, signed by Nobuaki Kobayashi, Attorney-at-law and Bankruptcy Trustee of Mt. Gox.
bitcoin vs Bitcoin : The Difference Between Currency And The Protocol
If you have ever been fortunate enough to have a Bitcoin conversation with another person in a face-to-face (or peer-to-peer) environment, you may have noticed how people subtly distinguish Bitcoin and bitcoin, even when speaking out loud. Why this happens is rather easy to explain, as Bitcoin and bitcoin are two completely different sides of the same coin. Oddly enough, we label the combination of both sides as “Bitcoin” with a capital B as well.
Bitcoin : The Capital B
What Is Causing The Bitcoin Price Drop This Time?
Yesterday was a very sad day for Bitcoin enthusiasts and investors around the world, as we were all witness to another massive price drop. It is not the first time this year that we see the Bitcoin value go below US$250, but there was a shimmer of hope when the digital currency managed to climb back to US$300 and higher a few days ago. But what could be the reason for this sharp price drop? We will try to find out.
Bitwala Lets You Pay Your (Recurring) Bills With Bitcoin
Lots of Bitcoin-related services are really making a stand to directly compete with the current financial ecosystem. BitWage, a service we briefly talked about in this article, lets you receive (part of) your monthly wage in Bitcoin, without your employer knowing about it. But now there is also Bitwala, which lets you pay any bills you may have directly with Bitcoin.
Bitwala – Pay Your Bills With Bitcoin
ZeusHash Unveils New Bitcoin Cloud Mining Contract & Lowers Maintenance Fees
A few days ago, we mentioned that ZeusHash was working on creating a new Bitcoin cloud mining contract for their new and existing customers. Not too many details were known at that point other than the fact that maintenance costs would be reduced drastically. The latest ZeusHash newsletter – which was sent out yesterday – contains all of the relevant information, so let’s take a look!
Bitcoin St. Petersburg Bowl Physical Coin Commmemorates Major Sporting Event
One of the most significant Bitcoin-related events to take place in 2014 has to be the Bitcoin St. Petersburg Bowl. Multiple hours of Bitcoin and Bitpay promotion on ESPN, which remains one of the most prominent US sports channels/ Even though there are some kinds to be worked out between BitPay, ESPN and participating merchants for the next two editions, it was a great day/night for Bitcoin enthusiasts. ANd I am one of the few people who will for always commemorate that event with the Bitcoin Bowl physical coin.
Australian Taxation Office Issues Backdated Guidelines on Taxing Bitcoin
A little while ago, several major Bitcoin media outlets reported on how Australia declared Bitcoin as a currency in order to make it taxable. While the exact circumstances were rather unclear at that point in time, a new statement issued by the Australian Taxation Office (ATO) creates some clarity. Yes, Bitcoin will be taxable, but no, it is not a currency.
Bitcoin Is Not Money or a Foreign Currency
“The Stag Night” Is The First Bitcoin Crowdfunding Campaign For A Horror Movie
Bitcoin and movies or documentaries seem to go well together; In fact, there are a few Bitcoin documentaries in existence, of which the most famous one is “The Rise and Rise of Bitcoin”. But not all movies have to be about the currency itself, we can also use Bitcoin to crowdfund a movie project. Kalifilm Productions had exactly the same idea, as they launched a bitcoin crowdfunding campaign for upcoming horror movie “The Stag Night”.
“The Stag Night” Details
Genesis Mining: “We Have Not Yet Reached The Point Of Negative Cloud Mining Operations”
In the light of all the recent commotion surrounding Bitcoin and altcoin cloud mining, several companies have either halted operations for the time being, or issues warnings about the current unprofitable state of their services. Genesis Mining, a German-based cloud mining company and one of our major advertisers on this website, has come up with an interesting solution to address the current state of altcoin cloud mining.
Scrypt Cloud Mining Even Less Profitable Than Bitcoin Cloud Mining
