July 4, 2016

Bitcoin Price Technical Analysis for 07/05/2016 – Stalling Halfway!

Bitcoin Price Key Highlights Bitcoin price continues to trend higher, still inside its ascending channel pattern visible on the 1hour time frame. However, price seems to be stalling at an area of interest around the middle of the channel. If this holds as resistance, bitcoin…

cineramaJuly 4, 2016

Bitcoin Business

Research: Trump Presidency Would Boost Bitcoin Price

A market study conducted by research and analysis firm Juniper speculates that bitcoin valuation will spike this year, citing the prospect of a Trump presidency in the US. Furthermore, the study finds that bitcoin transactions are speculated to exceed $92 billion in valuations this year,…

cineramaJuly 4, 2016

Bitcoin Business

Vontobel Introduces Bitcoin Certificate To Swiss Traders

Albeit not everyone is overly enthusiastic about ETFs or tracker certificates issued on the bitcoin protocol, they are an excellent way to advertise the benefit of cryptocurrency. Vontobel, a Swiss bank, issued their new tracker certificate on Bitcoin. People who expect the Bitcoin value to…

cineramaJuly 4, 2016

Bitcoin Business

Vontobel to Introduce Bitcoin Tracker Certificate to Trade on Swiss Exchange

The global Swiss banking and financial institution, Vontobel (SIX : VONN) has introduced a new product for their esteemed customers which enables them to trade bitcoin indirectly. The new product is a financial instrument similar to share certificates linked to the bitcoin value and it…

cineramaJuly 4, 2016

Bitcoin Business

71% of Americans Believe Economy is Rigged, So Switch to Bitcoin

The majority of Americans think the economy is rigged in favor of certain sectors at the expense of others. Meanwhile, the economy could be on the verge of another recession. Time to switch to Bitcoin to protect your wealth.According to a survey conducted in the…

cineramaJuly 4, 2016

Bitcoin Business

Bitcoin Price Watch; Volatility Ahead?

It’s late on Monday evening, and time to take our second look of the day at the bitcoin price market. In this morning’s analysis, we noted that price would likely be relatively inactive, primarily as a result of the Independence Day celebrations in the US,…

cineramaJuly 4, 2016

Bitcoin Business

Bitcoin Price Consolidating At $650

Bitcoin price, that old rascal, had shook out a lot of longs to $650 and is now building base waves, to $650, for a pending launch toward the June top. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here…

cineramaJuly 4, 2016

Bitcoin Business

FinTech developments supported by the Bank of England and considered by the BBA at a forum hosted by Mayer Brown

The rapid innovation in financial technology (" FinTech ") has been hailed as the wave of change that will alter the financial services industry. The most prominent FinTech development is the advent of distributed ledger technology (" DLT "), most notably the Bitcoin blockchain which…

cineramaJuly 4, 2016

Bitcoin Business

Ukraine to Host World’s First Blockchain-based Auction

Blockchain technology can be used in a wide variety of ways. Over in Ukraine, they are preparing for the world’s first blockchain-based auction. Decentralized online auctions are an interesting opportunity to explore – that much is certain. Most people know blockchain technology as the mechanism…

cineramaJuly 4, 2016

Bitcoin Business

Report: Bitcoin Transactions to Hit $92b This Year

The Bitcoin ecosystem is always evolving, and it looks like we are on track to set a new transactions record in the year 2016. A report by Juniper Research indicates the number of Bitcoin transaction will surpass the valuation of US$92bn this year. That is…

cineramaJuly 4, 2016

Bitcoin Business

Dutch Government Invests in a Blockchain Development Campus

Netherlands will the unveiling of a blockchain “campus” in September wherein banks and financial companies will work together for the development of blockchain applications for payments and the wider financial industry. Willem Vermeend Willem Vermeend, the Secretary of Finance and Minister of Social Affairs in…

cineramaJuly 4, 2016

Bitcoin Business

Chinese Bitcoin App BitKan Adds Over-the-Counter Trading Feature

The Chinese company BitKan , which launched in 2013, has added an OTC (over-the-counter) trading feature to its app available for overseas markets. The feature is already popular in China.This follows the conclusion of its first round of funding, where it received a $2 million…

cineramaJuly 4, 2016

Bitcoin Business

LBRY Launches Blockchain-Based Creator-Controlled Content App, New Appcoin

On US Independence Day, Blockchain startup LBRY released a beta app and a new accompanying cryptocurrency to help artists retain control over their work. LBRY is a decentralized content-sharing platform geared towards artists, filmmakers, writers, etc. who wish to retain full artistic, and financial, control…

cineramaJuly 4, 2016

Bitcoin Business

Controlling the Perception that Bitcoin is Broken

Jim Harper is a senior fellow at the Cato Institute. In this opinion piece, Harper reflects on recent elements of the bitcoin scaling debate and what it means for perceptions of the digital currency's viability. Bitcoin doesn’t care. It continues to develop a monetary, financial,…

cineramaJuly 4, 2016

Bitcoin Business

Rethinking Bitcoin’s $10 Billion Market Cap

Amid increasing hype about blockchains and distributed ledgers, the value of global cryptocurrency markets has risen rapidly so far in 2016. As of mid-June, the value of all blockchain-based currencies in circulation was $14.37tn , and the price of bitcoin was, as it has been…

cineramaJuly 4, 2016

Bitcoin Business

Why a 1MB Block Size May Be Right for Today’s Bitcoin

Ariel Deschapell is currently content manager for Ubitquity, a blockchain real estate startup, and recently held the Henry Hazlitt Fellowship at the Foundation for Economic Education. In this opinion piece, Deschapell argues the current cap on bitcoin transactions isn't likely to hurt the technology's long-term…

cineramaJuly 4, 2016

Bitcoin Business

The City of Zug in Switzerland Starts Accepting Bitcoin

A city in Switzerland has started to accept bitcoin as a mode of payment. As part of a Bitcoin pilot project, the city of Zug now allows its residents to pay their taxes, fees and fines with the digital currency.The decision to run a Bitcoin…

cineramaJuly 4, 2016

Bitcoin Business

“With Bitcoin, We’re Sending a Message,” Says Swiss Town Mayor

It was early May when the Swiss town of Zug convened a city council meeting. By the end of it, bitcoin was accepted as a valid mode of payment for municipality services, part of a pilot program . Fintech-friendly Zug, a picturesque and serene town…

cineramaJuly 4, 2016

Bitcoin Business

Dash Beverage Machine Shows Instant Confirmation for POS Transactions

Dash , a privacy-centric cryptocurrency that offers near instantaneous transactions, has developed a beverage vending machine that can secure a transaction without the need for a block confirmation. Dash enthusiasts believe the instant transaction and confirmation feature holds great potential for point-of-sale retailers. Dash enthusiast…

cineramaJuly 4, 2016

Bitcoin Business

Bitcoin Price Watch; Low Volume Scalps

As far as Monday sessions go, this one is likely to be uneventful. The holidays in the US look set to dampen volume, and in turn, put a cap on any sustained momentum or volatility in the bitcoin price. This doesn’t mean we can’t turn…

cineramaJuly 4, 2016

Bitcoin Business

Dutch Government Announces Blockchain Development Campus

The Dutch government is very keen on blockchain technology by the look of things. Earlier today, news broke how a campus will soon be opened focusing on blockchain development. Coming up with new and improved financial technologies is of the utmost importance to the government.…

cineramaJuly 4, 2016

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