July 24, 2016

Bitcoin Price Technical Analysis for 07/25/2016 – New Trend Forming

Bitcoin Price Key Highlights Bitcoin price recently broke below a triangle consolidation pattern visible on longer-term charts, signaling that sellers are getting the upper hand. Price has since formed a steady downtrend on the 1-hour time frame, moving inside a descending channel pattern. Bitcoin is…

cineramaJuly 24, 2016

Bitcoin Business

As Mining Expands, Will Electricity Consumption Constrain Bitcoin?

Since the modern economy has gone digital, it has come to require more electricity. Peter Kelly-Detwiler, co-founder of NorthBridge Energy Partners, LLC, a consulting firm that helps companies connect assets to power grids, examined the impact that expanding cryptocurrency is having on energy consumption in…

cineramaJuly 24, 2016

Bitcoin Business

Bitcoin Scam Site Warning – Red Cloud Mine

It has been a while since we last looked at one of the many scams plaguing the Bitcoin and cryptocurrency ecosystem. Red Cloud Mine is a relatively new company, promising guaranteed mining profits every hour. It will be hard to do so without any evidence…

cineramaJuly 24, 2016

Bitcoin Business

“Ethereum Classic,” Another Bitcoin Scam

Ethereum Classic is, in my view, a total and absolute scam by any traditional financial definition of the word “scam.”It doesn’t have the support of the Ethereum developers, nor of Ethereum creator Vitalik Buterin, making it vaporware and an altcoin created in protest of Ethereum’s…

cineramaJuly 24, 2016

Bitcoin Business

Digital Currencies Can Fill in for Falling CBRs in Weaker Economies

Digital currencies like Bitcoin may be the way forward for nations with small or weak economies.Many major banks have been withdrawing their Correspondent Banking Relationships (CBRs) across geographies in the recent days as the global economy slows down. A recent action report by the International…

cineramaJuly 24, 2016

Bitcoin Business

BitPay Upgrades Design, Introduces Modal Invoice

BitPay, the leading Bitcoin payment processor has announced the introduction of ‘modal invoice’ feature on its platform.The Atlanta, Georgia-based company reported the new design upgrade on its blog post earlier this week. The new design, aimed at improving the user experience will offer added convenience…

cineramaJuly 24, 2016

Bitcoin Business

Bitcoin Becomes The New Hot Commodity For Large Investors

Some reports are making claims of how large investors are starting to flock to Bitcoin. Rumors like these have been floating around the Internet for quite some time now, although there has been little evidence to back it up. Several investors have gone on the…

cineramaJuly 24, 2016

Bitcoin Business

Cash Inflow In Emerging Markets Can Be Positive For Bitcoin

For those people who were dreaming of a cashless future, that situation will not become a reality anytime soon. Emerging markets are suddenly receiving bucketloads of cash, to buy stocks and bonds. Interestingly enough, both emerging markets and developing countries are reaping the benefits of…

cineramaJuly 24, 2016

Bitcoin Business

Bitcoin Price Weekly Analysis –BTC/USD To Weaken Further?

Key Points Bitcoin price after trading close to the $682-84 levels against the US Dollar found sellers, and moved down. There were a couple of bullish trend lines formed on the 4-hours chart (data feed from Bitstamp) of BTC/USD, which were broken during the downside…

cineramaJuly 24, 2016

Bitcoin Business

Breakout Gaming, The BRK Cryptocurrency Based Gaming Services Adds New Board Members

Bitcoin Press Release: Breakout Gaming, the Blockchain-based Cryptocurrency gaming platform has announced the appointment of Board of Directors following the successful launch of its initial gaming properties. July 23, 2016 San Jose, Costa Rica – Following the successful launch of BreakoutPvP eSports and Breakout Poker…

cineramaJuly 24, 2016

Bitcoin Business

CryptoStandard SSI Bitcoin Storage Software Hides Wallets in Plain Sight

If you are a cryptographer or an avid reader of spy fiction, then you would know that data can be embedded into an image and transmitted across the internet without raising suspicions. But here, we are focusing on the security of Bitcoin wallets and effective…

cineramaJuly 24, 2016

Bitcoin Business

EY Report : Blockchain Technology to Reach Critical Mass in the next 3 to 5 Years

The Blockchain technology is going to reach critical mass soon, declares Ernst and Young. The leading global consulting firm has recently published a report outlining the significance of blockchain technology in various industry sectors.The distributed ledger technology powering digital currencies like Bitcoin has been subject…

cineramaJuly 24, 2016

Bitcoin Business

BitCluster Claims To De-Anonymize Bitcoin users

There has been a lot of talk about Bitcoin and whether or not it is anonymous. Cryptocurrency experts will gladly point out Bitcoin is not anonymous, but rather pseudonymous. For those people interest in de-anonymizing cryptocurrency, however, BitCluster is a solution looking into. This tool…

cineramaJuly 24, 2016

Bitcoin Business

Indonesia’s Fragmented Digital Wallet Ecosystem Can Learn From Bitcoin

Mobile wallets are becoming a hot commodity these days, but that will not necessarily benefit the consumer. In Indonesia, for example, there are far too many different digital wallet offerings already. More and more partnerships are forged to offer new solutions, resulting in a fragmented…

cineramaJuly 24, 2016

Bitcoin Business

SurBitcoin Is Back in Business in Venezuela

The Bitcoin community in Venezuela has something to cheer about while the fiat economy continues to falter. The largest Bitcoin exchange in the country, SurBitcoin is back in its full operational capacity.SurBitcoin, the Bitcoin exchange operated by BlinkTrade in Venezuela had run into some troubles…

cineramaJuly 24, 2016

Bitcoin Business

Blockchain has potential to be global game-changer in virtual currency

Unlike bitcoin, this technology can prosper , leading a revolution across the fintech sector Blockchain was the subject of discussion at the recent Inspirefest event in Dublin Mention blockchain several months ago and to most people that would have meant bitcoin. The cryptocurrency was hitting…

cineramaJuly 24, 2016

Bitcoin Business

Ethereum Hard Fork Creates Competing Currencies as Support for Ethereum Classic Rises

The Ethereum hard fork executed last week as a means of reimbursing investors who lost funds in the collapse of a major project has resulted in the creation of a competing currency on a blockchain replicating the platform’s original consensus rules prior to the fork.Announced…

cineramaJuly 24, 2016

Bitcoin Business

What if Bernie Sanders Had Raised Money for Blockchain Startups Instead

Bernie Sanders led an impressive campaign run mostly off of small donations, though he failed to help the poor. If he had invested that money in cryptocurrency, the world would be a much better place. Sanders’ campaign contributed to Google, Facebook and Verizon Bernie Sanders,…

cineramaJuly 24, 2016

Bitcoin Business

Ethereum Classic Now 3rd Most Traded Cryptocurrency After Bitcoin and Ethereum

According to coinmarketcap.com who does cryptocurrency market capitalizations, newly-split Ethereum Classic is now trading third, just behind Bitcoin and Ethereum on the list of the world’s top cryptocurrencies.This new entrant, which currently stands in sixth position on the list of cryptocurrencies with the largest market…

cineramaJuly 24, 2016

Bitcoin Business

Bitcoin Price Decline Complete?

Bitcoin price decline is on hold as the market chooses the upside. Is this the start of a new advance, or merely advance in a correction? This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here . Not a member?…

cineramaJuly 24, 2016

Bitcoin Business

Why the Buy-Side Should Get Off the Blockchain Sidelines

Blockchains have attracted significant interest in the financial sector, a rare occurrence for a new technology in an industry not known for being at the forefront of technological innovation. However, dig a little deeper into where the interest is coming from, and you’ll see a…

cineramaJuly 24, 2016

Bitcoin Business

Revamped xDedic Darknet Marketplace Now Has A Membership Fee

Darknet markets come and go at regular intervals, but xDedic is one of the few who came back with some bang. After going down quite some time ago, no one expected xDedic to come back. Lo and behold, the marketplace is accessible once again, assuming…

cineramaJuly 24, 2016

Bitcoin Business

Bitcoin Is The Only Non-Tangible Asset Investors Can Truly Own

Ever since the concept of value has been created, humans have shown a need to ensure they can touch whatever they own. Whether that is their money, a house, or the tree in their backyard, we need physical contact with our belongings. But we are…

cineramaJuly 24, 2016

Bitcoin Business

Miners to Attack Ethereum Classic after Polonix’s Listing

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Chandler Guo, a well-known and respected figure in the Chinese digital currency community stated that he, assisted by other miners, will 51% attack Ethereum Classic as soon as…

cineramaJuly 24, 2016

Bitcoin Business

U.S Bitcoin Wallet and Exchange Coinbase Adds Ethereum Support

San Francisco headquartered Bitcoin wallet and exchange Coinbase has finally added Ethereum support for its retail clients that can now buy, sell, send, and store ETH in their accounts. The move has been expected since May when Coinbase added Ethereum trading on GDAX , its…

cineramaJuly 24, 2016

Disclaimer