Please share if you find this article interesting. Israeli PM: Bitcoin Could Replace Banks In a video published on Tuesday, Israeli Prime Minister (PM) Benjamin Netanyahu claimed that the operation of traditional banks will eventually become obsolete and could be replaced by Bitcoin. He based his claim on the trustless nature of Blockchain technology and on Bitcoin’s continuous, notable growth this year. In the video, Netanyahu stated confidently that banks will eventually become outmoded and be replaced, though when and by what exactly remains to be seen: “Is the fate of banks that they will eventually disappear? Yes. The answer is yes. Does it need to happen tomorrow? And do we need to do it through Bitcoin? That’s a question mark.” The head of the Israeli state also spoke ab
Please share if you find this article interesting. After Segwit2x Failed Jeff Garzik Reveals “United Bitcoin” - Bitcoin News Altcoins A new bitcoin fork called United Bitcoin has been announced by a few prominent cryptocurrency luminaries that aims to improve the mechanics of the original bitcoin software. United Bitcoin was forked on December 12, 2017 at block height 498777 and the creators claim it will feature an 8MB block size, Lightning Network support, Segregated Witness, and the ability to process smart contracts. Also read: Howard Stern and Saturday Night Live Reference Bitcoin as Popularity Grows United Bitcoin: A Fork of a Different Color Plans to Find a Purpose for Lost and Inactive Wallets The ‘forking fever’ has been contagious these days as there seems to be a
Please share if you find this article interesting. It's Time for Governments to Embrace Blockchain 3Marie Wieck is general manager at IBM Blockchain, where she focuses on driving ecosystem growth around the Hyperledger Project and delivering enterprise blockchain solutions. This article is an exclusive contribution to CoinDesk's 2017 in Review opinion series. Governments are custodians of their citizens' most precious information – their Social Security numbers, their tax information, their votes, their identities. Now, a new technology is emerging that supports open government initiatives focused on unleashing innovation in the public sector. Using blockchain, governments can address the dual challenges of trust and transparency, and the need for data protection and privacy. C
Please share if you find this article interesting. Bitcoin Looks Lower In Chase for 'Small Cap' Gains Bitcoin is looking heavy today after failing to see a decisive move higher in the last 24 hours. While bitcoin (BTC) clocked a lifetime high of $17,631.42 just two days ago, it has since retreated to sub-$17,000 levels, as per CoinDesk's Bitcoin Price Index (BPI). As of writing, the cryptocurrency is trading at $16,628. As per CoinMarketCap, BTC has depreciated by 2.0 percent in the last 24 hours, though it is still up 8 percent over the last 7 days. The slow descent in prices is possibly due to alternative currencies garnering more attention from traders and investors. For example, ether has jumped 12 percent in the last 24 hours to a new record high of $747.59. Bitcoin cash and...
Please share if you find this article interesting. Bitcoin Analysis December 15, 2017 BTC/USD Bitcoin is relatively flat yet again during the trading session on Thursday, as we are using $16,000 as support. I think that eventually we will get a little bit of a pullback, but that should be a “buy on the dip” type of opportunity. Adding slowly is probably the best advice I can give, as we are clearly starting to lose momentum after the futures market opened. BTC/JPY Bitcoin is also flat against the Japanese yen, failing to break above the ¥2 million level. A break above there should send buyers back into this market, but right now it looks as if volume is shrinking. That’s interesting, considering that the excitement around the idea of a futures market seems to have been mis-fo
Please share if you find this article interesting. Greek Supreme Court Wants to Extradite Vinnik to the US, Final Decision Pending Greece’s Supreme Court has upheld a US request to extradite alleged former BTC-e operator Alexander Vinnik. Reports Wednesday confirm the support of sending the embattled Russian citizen to the US, where he faces money laundering charges. Greece’s justice minister will now decide the ultimate outcome, with Russia and the US vying for custody of Vinnik for several months. The move marks a blow for Vinnik himself, who had petitioned to be sent to his native country where he is wanted on lesser charges. Since his initial arrest in Greece in July, BTC-e has ceased to exist, being reincarnated as WEX. Legal investigations are nonetheless still ongoing, wit
Please share if you find this article interesting. Corporate Shareholders in Russia to Vote Via Blockchain According to local sources, Russia has become one of the first countries to develop an online system for corporate E-voting based on Distributed Ledger (Blockchain) Technology. The system is designed by DataArt and The National Settlement Depository (NSD), a member of the Moscow Exchange Group. The technology will allow shareholders of publicly traded companies to vote on corporate matters entirely transparently while preserving shareholders’ anonymity. System years in the making Last year the E-proxy voting system was successfully tested in Russia by the NSD. The voting system was built on three conditions: every participant should know that their vote is accounted for; no
Please share if you find this article interesting. Bitcoin is No Longer Just a Man’s Game The stereotype of the early Bitcoin adopter is one of a techie camped out in his mom’s basement mining Bitcoin by the hundreds, and now living the high life off the profits. In those early days there was little room or scope for women in the burgeoning technology ecosystem. However, as the digital economy has expanded to be worth just under $400 bln doors have been opening up and it’s women who’re stepping into the breach, making successes of themselves in a market that has no preconceived gender roles or prejudices. Four out of 30 of the largest initial coin offerings this year through October had female co-founders, and two of their ICOs were among the largest so far. Taking the market Wit
Please share if you find this article interesting. South Korea's Largest Bitcoin Exchanges Ready For Strict Regulations South Korea’s largest Bitcoin and cryptocurrency exchanges Bithumb, Coinone, and Korbit are ready for the imposition of strict regulatory frameworks by the local government and financial authorities. Bithumb ready to adopt new regulations Yesterday, Dec. 13, the South Korean government revealed the details of the emergency cryptocurrency meeting it had held on Dec. 12. South Korean financial authorities stated that in the coming weeks underaged investors and foreigners will not be allowed to invest in Bitcoin and other cryptocurrencies in the market. By next week the South Korean government is expected to roll out a few regulatory frameworks focused on investor
Please share if you find this article interesting. Bitcoin ETFs Seek Approval Following Launch of Futures Two companies have recently applied to the US Securities and Exchange Commission (SEC) for approval of their new Bitcoin Exchange-Traded Funds (ETFs). According to its real-time filings system EDGAR, the SEC received new applications for REX Bitcoin Strategy ETF, and REX Short Bitcoin Strategy ETF on Dec. 8 and VanEck Vectors Bitcoin Strategy ETF on Monday. Neither of the companies operating these funds would hold Bitcoin directly - the ETFs will be based on futures contracts and other Bitcoin-linked derivatives. If any one of the applications gets approval it would become the first operating Bitcoin ETF in the world. Why Bitcoin ETFs are important An ETF is an investment fun...