August 2016

Bitcoin Price Technical Analysis for 09/01/2016 – Back at the Triangle Resistance!

Bitcoin Price Key Highlights Bitcoin price has been forming lower highs and finding support near $560, creating a descending triangle formation visible on its 4-hour chart. Price is back to the triangle resistance once more, still deciding whether to make a bounce or a break.…

cineramaAugust 31, 2016

Bitcoin Business

General Public Still Sees Cryptocurrencies As Ponzi Schemes

Getting Bitcoin into the hands of consumers and businesses around the world has proven to be an uphill battle. This is not entirely unexpected, as the general population has a rather negative image of cryptocurrency as a whole. Most people still have no idea what…

cineramaAugust 31, 2016

Bitcoin Business

ETHXBT Price Technical Analysis – Ethereum Bulls Charging!

ETHXBT finally picked a direction as it broke out from the symmetrical triangle consolidation pattern. Price broke to the upside, indicating that a longer-term climb could be in the cards. The triangle formation is approximately 0.01000 tall so the resulting breakout could be of the…

cineramaAugust 31, 2016

Bitcoin Business

Tor Implements New Community Standards to Help Ease User Concerns

Tor has released what it calls, “New Community Standards”. These new standards, covered, and defined in a six-part social contract, having members pledge to adhere to high standards of conduct, which include transparency, honesty about technological capabilities, and committing to advancing human rights. The final…

cineramaAugust 31, 2016

Bitcoin Business

Baidu Ban Makes Bitcoin’s Fate Unknown in Its Largest Market

The ban of all bitcoin and virtual currency-related advertising from the online portals of China’s largest search engine, Baidu, has thrown the fate of cryptocurrencies into a dicey state in the world’s largest market for bitcoin trading and mining. As China literally controls the bitcoin…

cineramaAugust 31, 2016

Bitcoin Business

Saskatoon Woman Gets Caught Trying to Order Nuclear Substance on Dark Net

A 35-year-old Saskatoon woman plead guilty in provincial court this past week, to charges of trying to import a radioactive substance known as Polonium-209. The woman was arrested last year when police received a tip that the woman was trying to import the Polonium-210 from…

cineramaAugust 31, 2016

Bitcoin Business

The World’s Blood Diamond Watchdog Is Looking to the Blockchain

World leaders have been working together to eliminate the global market in blood diamonds—stones that fuel violent conflicts through their sale— for over a decade , but they continue to be bought and sold. Now, the Kimberley Process (KP), an international organization that oversees the…

cineramaAugust 31, 2016

Bitcoin Business

Bitcoin Price Watch; Here’s Our Asian Session Strategy

The end of the day has come in Europe, and it’s time for us to take the second of our twice daily looks at the bitcoin price. We mentioned this morning that action this week so far has been somewhat lackluster, and that we’ve not…

cineramaAugust 31, 2016

Bitcoin Business

Financial Monopolists Fear Losing out to Bitcoin, This Story Proves it

Safaricom , a leading Kenyan mobile network operator with a multi-billion dollar revenue, shut down a promising Bitcoin startup called BitPesa back in November 2015. The fact that the largest telecom corporation in the country abused its power and monopoly over the Kenyan financial industry…

cineramaAugust 31, 2016

Bitcoin Business

Wall Street Veteran Caitlin Long Joins Symbiont; Touts “Better Technology”

In 2015 Bitcoin Magazine covered the launch of the fintech company Symbiont, focused on fostering a symbiotic relationship between traditional financial markets and cryptographic blockchain technology. The company raised $1.25 million of seed funding from influential financial market leaders, then in January it closed a…

cineramaAugust 31, 2016

Bitcoin Business

Here’s why some fintechs want to cut ties with banks

This story was delivered to BI Intelligence " Fintech Briefing " subscribers. To learn more and subscribe, please click here . Many fintechs rely on partner banks to perform certain functions, like providing access to financial systems or the ability to hold deposits. That's because…

cineramaAugust 31, 2016

Bitcoin Business

Bitcoin Price Consolidation Holds Course

Bitcoin price pulls lower toward horizontal support near $560. The outlook remains that the market is engaged in a sideways base formation prior to advance. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here . Not a member? Join…

cineramaAugust 31, 2016

Bitcoin Business

CoinTelegraph Jobs: Blockchain, GateCoin, Elliptic, Trestor Seeking Employees

CoinTelegraph presents its new Fintech and Blockchain Jobs page meant to help companies and professionals find each other in the multi-billion dollar Blockchain industry. The community is rapidly developing, and new opportunities appear for both companies and individuals every day. We would like to keep…

cineramaAugust 31, 2016

Bitcoin Business

Bank of Canada Paper: Bitcoin Adoption Could Stabilize Price

The central bank of Canada has published a new working paper that suggests its researchers believe digital currency exchange rates will become less volatile should adoption increase. Penned by researchers Wilko Bolt (of the central bank of The Netherlands) and Maarten RC van Oordt (of…

cineramaAugust 31, 2016

Bitcoin Business

Wall Street Veteran Caitlin Long Joins Symbiont; Touts “Better Technology”

In 2015 Bitcoin Magazine covered the launch of the fintech company Symbiont, focused on fostering a symbiotic relationship between traditional financial markets and cryptographic blockchain technology. The company raised $1.25 million of seed funding from influential financial market leaders, then in January it closed a…

cineramaAugust 31, 2016

Bitcoin Business

DirectBet Sees Influx of Ethereum Bettors

DirectBet, the leading Cryptocurrency Sportsbook, Racebook & Casino, is now accepting Ethereum and is the first major company to accept Ether as a coin. “We are now seeing lots of Ethereum enthusiasts betting with their Ether on Sports, Horse Racing, Politics and other special events…

cineramaAugust 31, 2016

Bitcoin Business

Untraceable Cryptocurrency Monero is Booming

The value of Monero has more than tripled in the last ten days moving from around $2.47 to $8.10 as at the time of this publication. Described as the new digital currency that online drug-dealers have started to adopt because it enables them to conduct…

cineramaAugust 31, 2016

Bitcoin Business

Bitcoin Price Watch; Tightening Things Up

So, we are a little into the Europeans session on Wednesday, and it’s been an interesting week so far. Things have been up and down, and we’ve been chopped out a couple of times, but we’ve also managed to get in and out according to…

cineramaAugust 31, 2016

Bitcoin Business

Central Bankers to Governments: We Need Help! Is Bitcoin a Solution?

The world’s central banks are asking governments for help in stimulating the global economy, something at which they have failed. At the three-day annual Jackson Hole Economic Symposium in Wyoming, heads of the US Federal Reserve, the Bank of Japan, and the European Central Bank…

cineramaAugust 31, 2016

Altcoins

Counterparty to Convert Card Game Players into Bitcoin Users

Counterparty , the peer-to-peer platform built on the Bitcoin Blockchain, enters the non-Bitcoin world by teaming up with the physical card game Force of Will as it prepares to launch its first digital game assets. The popular Japanese card game, Force of Will, is launching…

cineramaAugust 31, 2016

Bitcoin Business

JPX: Distributed Ledgers ‘Better’ With Third Parties

A new report from financial giant Japan Exchange Group (JPX) contends that distributed ledgers will work "better" when applied to capital markets if third parties are involved. The finding comes from a 27-page working paper , released yesterday, in which JPX offered insights into its…

cineramaAugust 31, 2016

Bitcoin Business

Apple Battles Australian Banks over Access to Apple Pay Platform

Apple Inc. is battling with five of Australia’s banks that are seeking to negotiate collectively with Apple for access to its mobile payment technology. Over the last several months, the banks have complained Apple is not permitting access to mobile payment technology. Commonwealth Bank of…

cineramaAugust 31, 2016

Bitcoin Business

Telegram-bot Lara Raises $5 Million in Just 73 Days

Telegram-based Bitcoin investment project Lara With Me announced that it has attracted $5 million worth of investments in just 73 days. The automatic fund management system, which was launched with the aim to provide people an attractive passive income service, said that over 24,000 investors…

cineramaAugust 31, 2016

Bitcoin Business

Bitcoin Volume in Venezuela Surges; Response to Financial Instability

The authorities of Venezuela have established a set of ambiguous regulatory frameworks that significantly reduced the circulation of foreign currencies in the local black market. Venezuelans, who are struggling to move money in and out of the country, are beginning to turn to Bitcoin as…

cineramaAugust 31, 2016

Bitcoin Business

Ethereum Classic Price Technical Analysis – ETC Continues To Consolidate

Key Highlights Ethereum classic price after a decline against Bitcoin started to consolidate above a major support of 0.0020BTC. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) is still in play and acting as a resistance. There is…

cineramaAugust 31, 2016

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