Can QUOINE Provide the Missing Link in the Crypto Economy? Social media is erupting with stories of cryptocurrency traders paying insanely wide spreads on cryptocurrency exchanges. In one exchange, Lee, a new Bitcoin trader, laments losing 35 percent of his funds on one Euro-to-Bitcoin trade, after being lured by promises of no fees and a free debit card to a new exchange. Speculators who dominate the cryptocurrency market thrive on the attractive arbitrage opportunities in the high volatility crypto markets. Commercial hedgers, however, who cover currency exposure as part of their risk management strategy will avoid the present wild ride. The cryptocurrency market, like any developing trading exchange, suffers from low liquidity. Low liquidity not only increases opportunities for m...
One Woman Surviving Solely on Bitcoin Attempts a Trek from Toronto to Las Vegas - Bitcoin News Fintech Satoshi Nakamoto is reported to have insisted acceptance of his invention hinged upon its use as a currency, a functioning instrument of daily trade. To this end, more advocates are taking to public competitions to spread the message of cryptocurrency power. Bitcoin 20/20 With the world’s most popular cryptocurrency approaching 6000 USD in price, and its market capitalization surpassing that of one hundred and fifty year old legacy banks such as Goldman Sachs, it does appear bitcoin has won hearts as an asset class and speculative investment. But if mainstream media accounts are to be believed, it’s mainly a bunch of crazy geeks hoarding tulips. For years now, however, peop
Sellers of a Notting Hill Mansion in West London Only Accept Bitcoin as Payment Property investment firm London Wall is selling its six-story stucco-fronted mansion near Portobello Road in Notting Hill, London, England for £17 million. The catch is that the company’s owners will only accept the digital currency Bitcoin as a form of payment, The Standard reports: According to London Wall co-founder Lev Loginov, their aim in accepting only Bitcoin as payment is to pioneer Bitcoin transactions in Great Britain. “We want to shift all the perceptions on cryptocurrency. We think in future it is going to eliminate the need for solicitors and property title and is really going to change how real estate transactions are conducted. We would like to be the first company to transact in Bitcoin
PNC Bank Threatens to Close Customer's Account for Buying Bitcoin - Bitcoin News Featured The PNC bank recently threatened one of their customers for purchasing bitcoin. The bank wanted to shut down the customer’s account. This has been a story floating around the internet the last few days. The victim was Elitoohey. He elaborated on the situation in a Reddit post, saying the bank started by asking him questions about recent bitcoin purchases. Also read: SPV Wallet Bread Lets Users Decide During the Segwit2x Hard Fork “For What Purpose are You Buying Bitcoin?” The banker wanted to know why he was purchasing bitcoin. The bank seemed to be concerned about him buying and owning the digital currency. They goaded him about his purchase and pried into his business. Toohey said, “He
The History and Evolution of Proof of Stake The views expressed here are the author’s own and do not necessarily represent the views of Cointelgraph.com Proof of Stake (PoS) was first introduced in a paper by Sunny King and Scott Nadal in 2012 and intended to solve the problem of Bitcoin mining’s high energy consumption. At that time, it cost an average of $150,000 a day to maintain the Bitcoin network. Today, this figure is at a staggering $6.7 million (if we assume a $0.12/watt cost and multiply that with the estimated 56,209,833 KWh of electricity that the Bitcoin network consumed on Oct. 13, 2017). Rather than relying on the energy-dependent work of miners to add blocks, Sunny and Scott suggested an alternative method called “staking” where a deterministic algorithm would choose
PR: Sportyfi – Decentralized Sports Investment Start-Up Endorsed by Soccer Superstar Roberto Carlos - 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. UK-based SportyFi will disrupt the sports financing market by setting up a blockchain-based platform for fans and small investors. This will give up-and-coming athletes the opportunity to overcome the final hurdle before their career takes off. To set up the platform, SportyFi will launch the SPF Token Crowdsale on November 14th, 2017, with a hard cap of $16 million.
Meet the New Bitcoin Cash P2P Exchange Localbitcoincash.org - Bitcoin News News On October 14 a new bitcoin cash exchange was launched called, Localbitcoincash.org, a platform that enables people to trade the decentralized currency in a peer-to-peer fashion. Also read: Putin Confirms Russia Will Regulate Cryptocurrencies Localbitcoincash.org Launches Beta Platform This week the beta version of Localbitcoincash.org (LBC) was released after bitcoin cash (BCH) fans were teased with screenshots of the platform two weeks ago. The developer of the site states that the platform is in its very early stages and the team plans to improve the marketplace over time. Further, the LBC developer says he tried to contact the team from Localbitcoins so they could offer assistance with forking t
Russian Regulators Think They Found a Way to Find, Tax, and License Crypto Miners - Bitcoin News Mining Russia’s regulators have revealed how they plan to find and tax cryptocurrency miners as well as license them. This follows their meeting with Russia’s President Vladimir Putin. At the meeting, they agreed to regulate cryptocurrency mining, alongside cryptocurrencies themselves including bitcoin. Last week, the finance ministry proposed creating a registry of crypto miners. Also read: Research Shows Half a Billion People Are Mining Cryptocurrencies Without Knowing Regulating Russian Crypto Mining The head of the Committee on Financial Markets Anatoly Aksakov told the radio station Says Moscow on Thursday that cryptocurrency miners will be registered and taxed via electricity
Key Points Bitcoin cash price struggled a lot and moved towards $300 against the US Dollar. Recently, there was a break above two bearish trend lines with resistance at $310 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair now has to gain pace for more gains above the $340 level in the near term. Bitcoin cash price struggled a lot recently against the US Dollar formed bottom. BCH/USD has to move above the $340 level to gain strength. Bitcoin Cash Price Uptrend This past week there was a slow and steady decline in BCH price below the $350 level against the US Dollar. The price traded towards the $300 level, which just managed to hold declines. There were ranging moves above the $300 level and the price is now attempting an upside move. During the upside move, there was a br...
Key Points Bitcoin price is in a major uptrend and recently broke the $5600 resistance against the US Dollar. There are two major bullish trend lines forming with support at $5280 and $5000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair might continue to trade higher and could even break the recent high of $5851. Bitcoin price is surging higher against the US Dollar. BTC/USD is now set to gain momentum for more gains above $5850 and $6000. Bitcoin Price Bullish Trend There were nasty gains in Bitcoin price this past week as it moved above the $5500 and $5600 resistance levels against the US Dollar. A new all-time high was formed at $5851 and it seems like the current uptrend is not over yet. The price might continue to trade higher and could break the $5851 resistance ...