Tuesday, September 18Your Daily Bitcoin & Altcoin News Portal
Brokerage Firm to Allow Negative Bets Against Bitcoin

Brokerage Firm to Allow Negative Bets Against Bitcoin

BITCOIN
Please share if you find this article interesting. Brokerage Firm to Allow Negative Bets Against Bitcoin In a move that could shift the trading dynamics of Bitcoin futures, the brokerage firm Interactive Brokers Group Inc will allow its traders to begin betting against the cryptocurrency. The firm’s CEO Thomas Peterffy told the Financial Times that clients will be allowed to short Bitcoin futures by the end of this week. The announcement comes on the heels of a strong bull market after Bitcoin futures trading began this week. However, according to the Financial Times, Interactive Brokers is handling an estimated 53 percent of the total futures volume on 4 Board Options Exchange (CBOE) --- a sudden open short potential could reverse the bullish trend. Massive cost, massive risk Wh
HashFlare
Securing the Internet-of-Things with Blockchain

Securing the Internet-of-Things with Blockchain

BITCOIN
Please share if you find this article interesting. Securing the Internet-of-Things with Blockchain In the past few years, developments in technology have brought us closer to the hyper-connected world that futurologists imagined in the 1950s. Self-driving cars, computers that can converse in real-time and hyperloop transportation are among the developments that will shape our future beyond what we thought possible. Of all the major trends, the Internet-of-Things (IoT) is making the most visible and immediate impact and will be worth $270 bln by 2020. Connected devices, homes and vehicles are just around the corner, and as anyone with experience in the technology industry knows, this means a lot of second-order complexity will have to be solved. Economies, platforms and payment sy...
HashFlare
Former PayPal and Facebook Executive David Marcus Joins Coinbase Board

Former PayPal and Facebook Executive David Marcus Joins Coinbase Board

BITCOIN
Please share if you find this article interesting. Former PayPal and Facebook Executive David Marcus Joins Coinbase Board Coinbase has appointed former PayPal and Facebook executive David Marcus to its board of directors as the second high-profile hire in a week. In a dedicated blog post Tuesday, CEO Brian Armstrong said Marcus’ “knowledge of both the payments and mobile space” was what would help “guide” the largest US Bitcoin exchange and wallet provider going forward. “David’s perspective and experience in bringing innovative and impactful products to market will be invaluable to Coinbase as we grow,” he explained. Growth at Coinbase has become no laughing matter this year as the company goes through a second hyper adoption phase which sees its infrastructure and personnel str
HashFlare
Bitcoin Feeding Frenzy Sees People Put Their House on It

Bitcoin Feeding Frenzy Sees People Put Their House on It

BITCOIN
Please share if you find this article interesting. Bitcoin Feeding Frenzy Sees People Put Their House on It The recent skyrocketing Bitcoin price has brought about a fresh wave of interest and adoption. People are hearing about the fantastical gains that can be made from investing in Bitcoin, leading some of them to make brash decisions. There have been some cases of individuals even putting their houses up for mortgage in order to acquire capital to buy into Bitcoin. It speaks of the frenzy that has developed recently. The frenzy of people getting into the market should be viewed with caution however as the old adage is still: ‘Don’t put more into Bitcoin than you are willing to lose’. Worrying trend There have been instances of not only mortgages being taken out to buy Bitcoin,
HashFlare
Blockchain Radically Changes the State-Individual Relationship, Says UK Think Tank

Blockchain Radically Changes the State-Individual Relationship, Says UK Think Tank

BITCOIN
Please share if you find this article interesting. Blockchain Radically Changes the State-Individual Relationship, Says UK Think Tank A recent report by Reform, an independent think tank in the UK, recommends that the UK government use Blockchain technology to manage the personal data of its citizens. One of the opening statements of the report reads: “Government should use Blockchain technology to make identity management more secure and efficient.” According to the report, a new Blockchain-based model of identity management would put citizens in control of their own personal data, fundamentally altering the current state-citizen relationship: “This new model would reimagine the relationship between state and individual, as government would become the verifier, rather than th
HashFlare
Bitcoin Price Will Hit $1 Million, Says Social Capital Founder

Bitcoin Price Will Hit $1 Million, Says Social Capital Founder

BITCOIN
Please share if you find this article interesting. Bitcoin Price Will Hit $1 Million, Says Social Capital Founder Chamath Palihapitiya, founder of Social Capital and co-owner of the Golden State Warriors, voiced his opinion on the value and potential growth of Bitcoin in an interview on CNBC on Tuesday. The business leader, who first invested in Bitcoin in 2012, indicated that he sees the price of Bitcoin rising massively in the next 20 years as adoption continues to grow. His analysis echoes other commentators and investors who have seen the potential for Bitcoin’s price to reach levels close to $1 mln. Palihapitiya explains his prediction as based on the evaluation of Bitcoin as a store of value comparable to gold. He said: “This thing has the potential to be comparable to the
HashFlare
Investors Not Leaving Gold For Bitcoin, Says Goldman Sachs’ Jeffrey Currie

Investors Not Leaving Gold For Bitcoin, Says Goldman Sachs’ Jeffrey Currie

BITCOIN
Please share if you find this article interesting. Investors Not Leaving Gold For Bitcoin, Says Goldman Sachs’ Jeffrey Currie The huge rise in the price of Bitcoin has had no major effect on the demand for gold, according to Jeffrey Currie, the global head of commodities research at Goldman Sachs. His comments, made in a recent interview with the Financial Times, contradict an analysis last week from other financial experts. In the interview Currie added that the demand for gold was not affected by Bitcoin’s price gains because the two assets have different investor pools. Currie also stated that Bitcoin’s lack of regulation is hindering traditional investors moving into it. He asserted that Bitcoin and gold have different characteristics and that their recent price movements are
HashFlare
DASH and Litecoin Analysis December 14, 2017

DASH and Litecoin Analysis December 14, 2017

PRICE ANALYSIS
Please share if you find this article interesting. DASH and Litecoin Analysis December 14, 2017 DASH/USD DASH continues to be very noisy during the trading session on Wednesday, reaching towards the $925 handle. We are a bit overbought at this point, so I would expect more short-term pullbacks, with an eventual eye on the $1000 handle above. I have no interest in shorting. LTC/USD Litecoin is forming a nice bullish flag on the hourly chart, suggesting that a move to the $450 level is possible longer term. At this point, I believe that the $280 level underneath is going to offer support, and therefore I like buying dips as a way to play this potential bullish flag but would do so in small increments. [embedded content] Thanks for watching, I’ll be back tomorrow. Go to
HashFlare
Ethereum Analysis December 14, 2017

Ethereum Analysis December 14, 2017

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum Analysis December 14, 2017 ETH/USD Ethereum rallied significantly during the trading session on Wednesday, bouncing from the $600 level, and reaching towards the $700 level. At this point, waiting on pullbacks will be necessary to pick up value in a market that is starting to run away, albeit on low-volume over the last several hours. ETH/BTC Ethereum has rallied quite significantly against Bitcoin, as Bitcoin has sat still. Now that we are above the 0.04 level, it looks likely that the market is trying to reach towards the 0.05 handle. There is a massive “W pattern” on the hourly chart now, which of course is a bullish sign. [embedded content] Thanks for watching, I’ll be back tomorrow. Go to Source Auth
HashFlare
Bitcoin Analysis December 14, 2017

Bitcoin Analysis December 14, 2017

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Analysis December 14, 2017 BTC/USD Bitcoin was reasonably quiet during the trading session on Wednesday, as we continue to bounce around near the $17,000 level. It looks as if we are trying to build up enough momentum to continue to go higher, so with this being the case adding slowly might be the best way to deal with this market, as it looks like we are in a bit of a holding pattern. BTC/JPY Bitcoin has gone sideways against the Japanese yen as well, as it looks like the markets are waiting to see where we go next. I think being patient will be paramount, but on a break above the ¥2 million level it’s likely that we will continue to go towards the ¥2.3 million level. [embedded content] Thanks for watching, I will be