Coinbase Rolls Out Instant US Bitcoin Buys Thanks to ‘Proprietary Fraud Prevention’ Coinbase has removed a major hurdle for US customers purchasing Bitcoin via bank transfer, cutting the waiting period from 3-5 days to “instantly.” A blog post from the major exchange and wallet provider Thursday announced the upgrade, which removes the exposure to Bitcoin price fluctuations for customers waiting for bank transfers to clear. Excited to announce instant digital currency purchases using a US bank accounthttps://t.co/HybDElz7gq — Coinbase (@coinbase) October 12, 2017 “Previously, customers who purchased using a bank account had to wait several days before receiving their digital currency,” the post clarifies. “Customers can now buy up to $25,000[...] and receive access to their digital
$6k Bitcoin Price Almost Comes True as Forks Flounder, Investors Hold Bitcoin has posted further all-time highs of almost $5800 after climbing $1000 in 24 hours. Beginning Thursday, a price surge gained momentum to take the Bitcoin BTC chain over $5000 for the second time in history. When resistance came at $5200, prices remained above the significant boundary before continuing to new heights never before seen. BTC posted a new high of $5798 in the early hours of Friday. At the same time, forks of Bitcoin, namely Bitcoin Cash (BCH) and SegWit2x futures, either failed to appreciate or dropped in value. BCH, which debuted for Blockchain.info users Thursday, is worth only around 35 percent of what it was in August. SegWit2x hedging, which is confined to Bitfinex, also disappointed use...
Bitcoin Mining Looks Ready to Fall Under Russian Regulations A few months ago, the talk was that Russia was actually looking to subsidize mining costs. However, that seems to have been a ploy to perhaps gain control over miners and get them to register with the government for more than just protection from money laundering. Bitcoin mining in Russia has long operated in a ‘legal grey area’, thanks to lack of regulation, as well as reasonable electricity, which has made home-mining operations possible and profitable. However, with Russia’s recent crackdown on cryptocurrencies, through the banning of access to exchanges, the iron-fisted government is also taking aim at miners. Putin’s crackdown Russian President Vladimir Putin called for regulation of cryptocurrencies at a meeting with
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Bank of Lithuania Encourages Financial Institutions to Withhold Services From Companies Operating With Virtual Currencies Regulation The Bank of Lithuania has issued an official position regarding initial coin offerings (ICOs) and cryptocurrencies, in which the central bank encourages banks to withhold financial services from businesses operating with virtual currencies. Lithuania’s central bank also expressed its belief that ICOs should be regulated as securities. Also Read: Lithuania Shows ‘Serious Intentions’ in Blockchain Innovation Lithuania’s Central Bank Has Discouraged Companies From Engaging in a Range of Activities Relating to Cryptocurrencies According to a press release published by the Bank of Lithuania, “financial market participants should not engage in the sale
Slovenia Aims to Become the Leading Blockchain Technology Destination in Europe The government of Slovenia has announced that it aims to position the country as the leading destination of Blockchain technology in the European Union (EU). The government is also studying the potential applications of the technology in public administration. In his speech at the Digital Slovenia 2020 event in mid-October 2017, Prime Minister Miro Cerar stated that the country’s regulatory agencies and ministries are already studying the technology and its potential applications. "The regulatory bodies and ministries are already studying Blockchain, and the state is participating in activities at European level in the area of the introduction and regulation of this technology. We are also already layin
Bitcoin, Dash Can Now Be Spent at 40 Million Stores Worldwide, Thanks to Wirex Debit Card Digital currency could quite possibly be transformative, providing a paradigm shift in the world’s interactions with money and finance. As Jihan Wu, CEO of Bitmain, recently blogged: “[Bitcoin] essentially rolls gold, cash, and our credit card system into one. It takes the strengths of each and leaves the weaknesses behind. It has the limited supply quality of gold, but can be used to purchase everyday items. It has the speed of a credit card, but respects and protects your privacy. Transactions are settled instantly like cash, but are recorded on a public ledger.” Accessibility Bitcoin and other digital currencies are seriously lacking in one vital area: accessibility. It’s prohibitively dif
Editorial: Ars Technica Just Doesn’t Understand Bitcoin, Says Forks Have Split Network in Half Expecting mainstream media coverage of Bitcoin’s surge past $5,000, today I browsed over to one of my favorite news websites: Ars Technica. I was sorely disappointed at what I found, and at the fact that the preeminent tech news site simply doesn’t “get” Bitcoin. Why and wherefore The piece by Ars Technica immediately begins by questioning the reason behind Bitcoin’s high price, first speculating that it’s due to the ICO boom, then suggesting that “one factor may simply be that the Blockchain bubble hasn’t run its course.” The author goes on to suggest that Bitcoin’s price is even more surprising in light of its recent—and upcoming—forks. Finally, he concludes that maybe people are hoping
CommerceBlock: Bringing Cryptocurrency to the Mainstream with BIP175 While cryptocurrencies and a new world money order are an intriguing story, the main driver of value in the Blockchain economy will be the enterprise applications the Blockchain will host. Virtually all major companies and banks are exploring Blockchain applications to replace their current IT infrastructure. Blockchain startups are starting to come through the development pipeline, demonstrating the potential of Blockchain technology operating in real world enterprise applications. Smart digital ledgers go live CommerceBlock, a complete infrastructure to decentralise finance over public Blockchains, is one pioneer testing its software live with corporate clients. The Blockchain promised to eliminate the middleman;...