Wednesday, August 22Your Daily Bitcoin & Altcoin News Portal

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$1 Mln Bet On Bitcoin In December 2018 – Is It Speculation Or Mania?

$1 Mln Bet On Bitcoin In December 2018 – Is It Speculation Or Mania?

BITCOIN
Please share if you find this article interesting. $1 Mln Bet On Bitcoin In December 2018 - Is It Speculation Or Mania? Would you bet $1 mln that Bitcoin will hit $50,000 by the end of 2018? According to data from LedgerX, a market for Bitcoin derivatives, one investor has already done just that, purchasing nearly $1 mln in Bitcoin options with a $50,000 call. What such a bet means is that if this time next year the price is less than $50,000, the options will be worthless and the owner will lose the full $1 mln investment. However, if Bitcoin’s price exceeds $50,000 by next December, the owner of the options will have the right to buy 275 Bitcoins for $50,000 a coin, for a total transaction of about $13.8 mln. Depending on by how much the price exceeds $50,000 a year from now,
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Etrade Joins Increasingly Crowded Bitcoin Futures Market – Bitcoin News

Etrade Joins Increasingly Crowded Bitcoin Futures Market – Bitcoin News

BITCOIN
Please share if you find this article interesting. Etrade Joins Increasingly Crowded Bitcoin Futures Market - Bitcoin News Markets and Prices Etrade, a popular online retail trading platform, has announced it will support Cboe bitcoin futures contracts for its users. The company joins rivals Ally and TD Ameritrade in a bid to capture part of the multi billion USD cryptocurrency market. Also read: United States Olympic Luge Team to Accept Bitcoin Donations Etrade Joins a Crowded Party Understated, almost begrudgingly, retail online broker Etrade quietly listed the chance for its customers to choose bitcoin futures on Cboe. On the company’s Futures page, just below “Powerful tools, specialized service, and great value,” along with “Integrated mobile and web futures trading,”
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Markets Update: Major Crypto Markets Dump in Unison

Markets Update: Major Crypto Markets Dump in Unison

BITCOIN
Please share if you find this article interesting. Markets Update: Major Crypto Markets Dump in Unison Markets and Prices The majority of crypto markets appear to have regained correlation with bitcoin, with BCH, ETH, LTC, DASH and many other major markets dumping in unison with BTC. For bitcoin, today’s retrace down to test the $11,000 USD line comprises the sixth consecutive day that BTC has lost value after testing the $20,000 area, whereas BCH is experiencing its second days of retracement following its dramatic establishment of new record highs at the $4,000 area. Also Read: Bitcoin Crashes! Bitcoin’s Dead! Bitcoin’s Over! Or Is It? A Brief History of Deaths Bitcoin Loses +40% in 1 Week Bitcoin has continued to dump in recent days, with the BTC markets having now experi
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‘Healthy Dip?’ Bitcoin Rediscovers $12,850, Altcoins Shed Up To 40%

‘Healthy Dip?’ Bitcoin Rediscovers $12,850, Altcoins Shed Up To 40%

BITCOIN
Please share if you find this article interesting. ‘Healthy Dip?’ Bitcoin Rediscovers $12,850, Altcoins Shed Up To 40% Bitcoin dipped as low as $12,855 Friday morning as traders watch a steep new correction unfold across cryptocurrency markets. From highs of over $20,000 on some exchanges last weekend, Bitcoin tumbled by up to 30 percent, echoing behavior seen during China’s exchange ban in September and the end of a major bull run in May of this year. At press time, average exchange quotes focused around $14,000, representing a slight recovery for the sub-$13,000 lows earlier today which lasted only briefly. Despite the large numbers involved, Bitcoin’s latest downturn is, in fact, milder than those seen both this year and further back, when corrections up to 45 percent were fai
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Korean Authority Slaps Exchanges With Licensing Requirements – Bitcoin News

Korean Authority Slaps Exchanges With Licensing Requirements – Bitcoin News

BITCOIN
Please share if you find this article interesting. Korean Authority Slaps Exchanges With Licensing Requirements - Bitcoin News Regulation The South Korean government is conducting on-site inspections of crypto exchanges following the release of its emergency measures for cryptocurrency regulation. The regulators have also notified the country’s largest exchanges that they are subject to the Information Security Management System certification requirements. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions On-Site Inspections of 13 Exchanges The South Korean Office for Government Policy Coordination and Prime Minister’s Secretariat issued an announcement on Wednesday to follow up on the emergency cryptocurrency measures unveile
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Buying Bitcoin? Investment Funds Will Be on the Blockchain, Too

Buying Bitcoin? Investment Funds Will Be on the Blockchain, Too

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Buying Bitcoin? Investment Funds Will Be on the Blockchain, Too Mona El Isa is co-founder and member of the board at Melonport AG, a decentralized digital asset management platform, and a former VP of equities trading at Goldman Sachs. The following article is an exclusive contribution to CoinDesk's 2017 in Review. Imagine a future where humans play a minimal role in setting up, regulating and reporting regulatory requirements of investment funds, where the process is underpinned by reliable, cutting-edge technology. It's a future that's not as far away as you might think, and it's not being built by an existing bank or institution that you will have heard of. Instead, it is being built by a new group of technical pioneers who
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PR: Money Metals Exchange – Investors Can Now Buy and Sell Precious Metals Using Various Crypto-Currencies – Bitcoin News

PR: Money Metals Exchange – Investors Can Now Buy and Sell Precious Metals Using Various Crypto-Currencies – Bitcoin News

BITCOIN
Please share if you find this article interesting. PR: Money Metals Exchange - Investors Can Now Buy and Sell Precious Metals Using Various Crypto-Currencies - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Money Metals Exchange Now Transacts in Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and More… National precious metals dealer Money Metals Exchange today announced expanded services for customers engaging in precious metals transactions and wishing to make or receive payment in any of several crypto-cu
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Doing a 180 – Goldman Sachs Goes Crypto – Bitcoin News

Doing a 180 – Goldman Sachs Goes Crypto – Bitcoin News

BITCOIN
Please share if you find this article interesting. Doing a 180 – Goldman Sachs Goes Crypto - Bitcoin News Featured The Year of Bitcoin continues to get more interesting, as reports surfaced today that legacy bank Goldman Sachs will open a cryptocurrency trading desk by mid 2018. It’s a momentous occasion for many reasons, but not least of which is the  influence the bank carries in terms of respect within the industry.  Also read: Championing Decentralized Exchanges, Now Might Be the Perfect Time for Bisq Goldman Sachs Sees Summer of Bitcoin 2018 Bloomberg reports that banking institution Goldman Sachs is set to launch a cryptocurrency trading desk by July of next year. Goldman is mainstream within the mainstream, topped off with some extra mainstream in case anyone was won
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Bitcoin Crashes! Bitcoin’s Dead! Bitcoin’s Over! Or Is It? A Brief History of Deaths – Bitcoin News

Bitcoin Crashes! Bitcoin’s Dead! Bitcoin’s Over! Or Is It? A Brief History of Deaths – Bitcoin News

BITCOIN
Please share if you find this article interesting. Bitcoin Crashes! Bitcoin’s Dead! Bitcoin’s Over! Or Is It? A Brief History of Deaths - Bitcoin News Markets and Prices The price of bitcoin (BTC) has dropped more than 25 percent in four days, and it looks headed for even worse territories as of this writing. Veterans have braced for its eventuality. However, there are many newly onboarded, and they’re only used to the world’s most popular cryptocurrency dipping slightly in an effort to rise again evero-higher, quickly. For perspective, here’s a look at some of the more memorable crashes.     Also read: Howard Stern and Saturday Night Live Reference Bitcoin as Popularity Grows Bitcoin Drops More than 25 Percent After an all-time high this week, the decentralized cryptocurre
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Jamming on Economics: What Comes After Crypto’s Summer of Love

Jamming on Economics: What Comes After Crypto’s Summer of Love

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Jamming on Economics: What Comes After Crypto's Summer of Love Ryan Zurrer is principal and venture partner at Polychain Capital, where he leads investments in decentralized blockchain protocols and distributed projects. The following article is an exclusive contribution to CoinDesk's 2017 in Review. If 2017 is to be remembered as a time when cryptographic tokens enabled novel distributed network concepts and significant capital was raised, 2018 will bring more maturity in crypto-economic systems and decentralized applications. With that in mind, I have been calling summer 2017 the "Summer of Crypto Love." Here in San Francisco, it was the 50th anniversary of the "Summer of Love" – a magical unique moment where artists and inte