July 8, 2016

Bitcoin Prices Volatile in $600s As Traders Await Halving

Bitcoin prices experienced moderate volatility during the week ending 8th July as market participants took action ahead of the upcoming halving of bitcoin rewards, scheduled to happen on or around 9th July.As the decline in new bitcoins minted daily is programmed into the network, the…

cineramaJuly 8, 2016

Bitcoin Business

‘Trump-Brexit’ Factors Could Triple Bitcoin Transactions But Where’s The Price Heading?

What’s in store for Bitcoin, the ‘daddy’ of all cryptocurrencies? Well, according to new industry research transaction values in the digital currency could almost triple to $92 billion (bn) in 2016 over last year. But with the price having risen 50% so far this year,…

cineramaJuly 8, 2016

Bitcoin Business

Coinbase to Shutdown CAD Services to Canadian Customers

As of July 29, Coinbase will no longer be servicing its Canadian customers, informing them that they must change their existing CAD balances to Bitcoin or have it relocated to their bank account. The San Francisco-based company, who is a leading Bitcoin exchange, sent out…

cineramaJuly 8, 2016

Bitcoin Business

The CoinDesk Guide to Bitcoin Halving Parties

Food, drink and incredibly dense visualizations of bitcoin data were on-hand last night at a New York bitcoin "halving party" co-hosted by investment firm Digital Currency Group and UK banking giant Barclays.The otherwise rare combination of food, fun and geeky bitcoin trivia will likely be…

cineramaJuly 8, 2016

Bitcoin Business

Renowned Futurists Merkle, Hanson on the Future of Government Using DAOs and Prediction Markets

In May, Bitcoin Magazine covered the spectacular launch of The DAO, a new kind of organization created and run using blockchain software rather than conventional corporate structures. The DAO ‒ an acronym for Distributed Autonomous Organization ‒ is similar to an open venture capital fund…

cineramaJuly 8, 2016

Bitcoin Business

These three companies will thrive in the fintech industry

BI Intelligence The world of fintech is exploding, and that growth means the space is becoming increasingly competitive.Companies are jockeying for position to serve the different sectors that fintech is disrupting, but a few in particular have risen to become the cream of the crop.…

cineramaJuly 8, 2016

Bitcoin Business

These three companies will dominate the payments industry

The payments industry undergoes changes seemingly every week, as companies create innovative ways to transform how we pay for goods and services.At their most basic, payment processing companies handle the transactions between two parties, most often a customer and a merchant, by transferring payment information…

cineramaJuly 8, 2016

Bitcoin Business

Bitcoin Services Startup Vogogo to Close Payment Processing Services

Vogogo Inc. , an Alberta, Canada -based company that provided payment processing and transaction risk services, announced in a press release it will close its payment processing operation and sell off assets after struggling to find ways to enhance shareholder value. The company developed software…

cineramaJuly 8, 2016

Bitcoin Business

Bitcoin Price Meanders to the Starting Line

Bitcoin price rebounds to the upside, but the block reward halving waiting game continues (amid growing suspense). This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here . Not a member? Join now. Bitcoin Price Analysis Bitstamp 4-Hour Candle Chart…

cineramaJuly 8, 2016

Bitcoin Business

Bitcoin Price Watch; Heading Into The Weekend

The week has now completed, and it’s time to take one last look at the bitcoin price before things draw to a close. Action, as we have said on a number of occasions this week, has been pretty flat, and we’ve not really had that…

cineramaJuly 8, 2016

Bitcoin Business

The Dutch Are Betting on Blockchain for Their Financial System

De Nederlandsche Bank (DNB), The Netherlands’ central bank, is all set to support a new ‘blockchain development campus’, which will enable banks to develop and share information regarding the use of blockchain, the distributed ledger system behind Bitcoin.The lowlands country has even appointed a new…

cineramaJuly 8, 2016

Bitcoin Business

Blockchain Social Platform Steemit Takes Advantage of Reddit’s Heavy Censorship

Since the early days of the internet, there has been a constant movement of people, from mailing boards to Facebook and Reddit. Eternal September keeps chasing out the best who are then followed by the rest with the process now repeating.Although Facebook is one of…

cineramaJuly 8, 2016

Bitcoin Business

US Exchange Regulator FINRA Cites Bitcoin in Annual Risk Assessment

A self-regulatory organization tasked with overseeing brokerage firms and exchange markets is attempting to obtain more information about how its members may be using bitcoin or other virtual currencies.The inquiry comes as part of the Financial Industry Regulatory Authority’s (FINRA) 2016 Risk Control Assessment Survey…

cineramaJuly 8, 2016

Bitcoin Business

What to Expect When the Bitcoin Halving Happens

It's an event that brings equal parts predictability and uncertainty. For close to a year, bitcoin miners and investors have been preparing for an event nicknamed ' the halving '. At approximately 18:00 UTC tomorrow, the subsidy the bitcoin network uses to compensate miners will…

cineramaJuly 8, 2016

Bitcoin Business

The New Ransomware On The Block is Called Cryptobit

Remove Malware - Free Although CryptXXX remains the largest Bitcoin ransomware threat to this very date, it is certainly not the only worry. Cryptobit is another type of ransomware with very similar effects. Although this latter variant is relatively new, its impact should not be…

cineramaJuly 8, 2016

Bitcoin Business

Venezuelan Bitcoin Exchange SurBitcoin Halts Fiat Operations

Bitcoin exchange SurBitcoin has reportedly halted its fiat operations citing issues with Bansenco Bank, its bank service provider. The Venezuelan startup, according to a thread on Reddit, has confirmed that its banking partner has frozen its business account following the complaint of an anonymous customer.…

cineramaJuly 8, 2016

Bitcoin Business

US Bank makes P2P free

This story was delivered to BI Intelligence " Payments Briefing " subscribers. To learn more and subscribe, please click here . US Bank, the fifth largest commercial bank in the US, eliminated fees associated with digital real-time peer-to-peer (P2P) transfers, likely as part of a…

cineramaJuly 8, 2016

Bitcoin Business

The EU Iron Fist to Hit Bitcoin and Other Digital Payments

Triggered by the Paris and Brussels attacks, the proposed EU directive seeks to introduce stricter rules on the use of virtual currencies and prepaid cards.How will this affect Bitcoin and digital payments in general? CoinTelegraph spoke to Siân Jones, Founder of European Digital Currency and…

cineramaJuly 8, 2016

Bitcoin Business

Blockchain Intelligence Firm Elliptic to Track Bitcoiners Buying Child Abuse Content

With more than 68,000 URLs identified as containing child sexual abuse images, and Unicef Malaysia estimating two million children across the globe are affected by sexual exploitation every year, blockchain intelligence firm Elliptic and non-profit the Internet Watch Foundation have partnered to clamp down on…

cineramaJuly 8, 2016

Bitcoin Business

At $400 Million a Year, Academic Argues Bitcoin Mining Worth the Cost

The University College London’s blockchain research center has found that bitcoin's current proof-of-work (PoW) mining costs are necessary to maintain the network's trustless and decentralized nature.In a recent research note, Tomaso Aste, a professor of complexity sciences and director of the UCL's Centre for Blockchain…

cineramaJuly 8, 2016

Bitcoin Business

North Carolina Governor Signs Bitcoin-Friendly ‘Virtual Currency’ Law

North Carolina Gov. Pat McCrory has signed a law that defines “virtual currency” and clarifies what activity triggers licensure. The Chamber of Digital Commerce views the measure as a historical moment for state regulation of virtual currencies and blockchain technology. Gov. Pat McCrory The ratification…

cineramaJuly 8, 2016

Bitcoin Business

Newsflash: Bitcoin Price Makes a Comeback to $650

Following a steep drop that began early yesterday, bitcoin price has scaled its way back up the charts toward $650 in a continuing rally today. The Bitstamp Price Index (BPI) plateaued most of the day after a late rally last night to scale the $650…

cineramaJuly 8, 2016

Bitcoin Business

The Need To Suppress Yen Value May Lead To Bitcoin Boost

Exciting things are afoot in Japan, as the national currency is seeing a significant value increase over the past few days. At the same time, Japan is very open towards Bitcoin and other cryptocurrencies right now. While it is not certain this will lead to…

cineramaJuly 8, 2016

Bitcoin Business

Bitcoin Price Watch; Here’s What’s On This Morning

So that’s the week pretty much done, and it’s been one of the least inspiring weeks from an intraday trading perspective that we’ve had in a long time. It’s looking like the halving is impacting sentiment – something we discussed in a little bit of…

cineramaJuly 8, 2016

Bitcoin Business

Japan’s Biggest Bank Invests in Bitcoin Exchange Coinbase

Bitcoin exchange and platform Coinbase has announced new investment and partnership with the Bank of Tokyo-Mitsubishi UFJ (BMTU), Japan’s biggest bank. The endeavor will see Coinbase look toward expansion efforts in Japan and Asia. Bitcoin exchange and services platform Coinbase will raise $10.5 million from…

cineramaJuly 8, 2016

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