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Category Archives: Bitcoin

Samuel Kovac: Bitcoin Specialist/Lecturer And Citizen Of Former Communist Czechoslovakia – Video

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Samuel Kovac: Bitcoin Specialist/Lecturer And Citizen Of Former Communist Czechoslovakia
Please enjoy my recent interview with Samuel Kovac. Herein we discussed how he became an Anarchist, his experience in Communist Czechoslovakia, prohibited goods/actions under Communism, ...

By: PeacefulAnarchism

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Samuel Kovac: Bitcoin Specialist/Lecturer And Citizen Of Former Communist Czechoslovakia - Video

Earn 1000 Bitcoin per month 100% true no scam…Now you can make money without investment – Video

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Earn 1000 Bitcoin per month 100% true no scam...Now you can make money without investment
For wallet :http://blockchain.info site name:http://btc-flow.com/r/fcdf65a9c1 Plz use referral link for faucket list :http://coinfaucetlist.blogspot.com/ This site is diffrent from any...

By: Hemayet Hossain

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Earn 1000 Bitcoin per month 100% true no scam...Now you can make money without investment - Video

Bitcoin Online Wallet – A Quick Way to Get Started With Bitcoin – Video

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Bitcoin Online Wallet - A Quick Way to Get Started With Bitcoin
http://www.bitcoinreport.info - Bitcoin Online Wallet There are four types of Bitcoin wallet - online, mobile, desktop and offline. When using the description "Bitcoin online wallet" we usually...

By: David MacGregor

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Bitcoin Online Wallet - A Quick Way to Get Started With Bitcoin - Video

Bitcoin Rush 35 w/ NavajoCoin, CryptoTraders, Tim Frost, ShapeShift, BitcoinJobMarket,TheOpenMinute – Video

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Bitcoin Rush 35 w/ NavajoCoin, CryptoTraders, Tim Frost, ShapeShift, BitcoinJobMarket,TheOpenMinute
NavajoCoin: http://www.navajocoin.org / http://www.navajocoin.org/about CryptoTraders: http://twitter.com/CryptoTraders / cryptotraders@xs4all.nl Tim Frost: http://twitter.com/coinproz / http://tec...

By: World Crypto Network

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Bitcoin Rush 35 w/ NavajoCoin, CryptoTraders, Tim Frost, ShapeShift, BitcoinJobMarket,TheOpenMinute - Video

EB66 Levin Keller: Coyno, Bitcoin Bookkeeping, Filing Taxes, Building a Bitcoin Startup in Europe – Video

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EB66 Levin Keller: Coyno, Bitcoin Bookkeeping, Filing Taxes, Building a Bitcoin Startup in Europe
Levin Keller is known to many in Berlin as the man who warned everyone about the dark scenario where buying bitcoins in Europe would be subject to VAT. As with the VAT issue, Levin was also...

By: Epicenter Bitcoin

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EB66 Levin Keller: Coyno, Bitcoin Bookkeeping, Filing Taxes, Building a Bitcoin Startup in Europe - Video

Bitcoin frenzy hits Africa

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Story highlights It costs less to send Bitcoins overseas than traditional money In Sub-Saharan Africa, 75% of the population don't have a bank account African services like Beam and BitPesa convert Bitcoin to local currencies Established money transfer players pose a challenge to Bitcoin

CNN Marketplace Africa covers the macro trends impacting the region and also focuses on the continent's key industries and corporations.

Bitcoin -- the world's much talked about cryptocurrency -- is just that. It can't be printed, it can't be directly controlled by governments or central banks, but it can be sent around the world instantly at a low cost.

And in sub-Saharan Africa, where 75% of the population don't have a bank account, experts say the currency could help millions of people pay bills and get to grips with their finances.

Transferring cash via a bank or a Money Transfer Operator (MTOs) like Western Union or MoneyGram can be costly. According to the Overseas Development Institute, the average charge to transfer $200 to Africa using traditional money transfer services is 12%. If you send $200, you pay $24. The ODI added up all the transfers that happen in a year, and found remittance fees cost the African continent $1.8 billion a year.

What if that money could be spent on things, rather than fees?

As Bitcoin is a virtual peer-to-peer currency -- designed to operate on the border-less internet -- the costs of transferring money can be radically cheaper than traditional methods, and the process is much quicker.

"Bitcoin can greatly alter the remittances industry and beyond," says Michael Kimani, who heads the African Digital Currency Association, a Kenya-based group launched last May to promote digital currency technologies. "From seven days [for a transaction to clear] using banks & PayPal, down to 20 minutes speaks volumes."

African examples

Beam is a service in Ghana that converts Bitcoin sent from abroad into the local currency, cedi. Since launching three months ago, it has attracted 30 users who pay a 3% fee on each transaction rather than the average 12% from traditional transfer services.

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Bitcoin frenzy hits Africa

The Nature Of Bitcoin Trading Has Changed And That May Bring Hope

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In any market, price action dominated by traders rather than fundamental factors is a double-edged sword. Bitcoin is no exception to that, but for those whose attachment to virtual currency is more ideological and emotional than practical and financial, it can be frustrating. They see their baby becoming the plaything of traders and despair. That despair, however, could be misplaced based on action in BTC/USD over the last month. There is ample evidence that speculative traders are pushing Bitcoin around, but the longer that continues, the closer we are to achieving something that Bitcoin sorely needs if it is to fulfill its potential: relative stability.

That may seem contradictory to some; I mean, aren't traders the ones causing the extreme volatility? Until recently I agreed and saw the danger in that, but my view has changed based on events in the last few weeks. How can their attentions have the opposite effect and minimize the 20-50 percent moves that have become commonplace? To answer these questions we have to understand the nature of the evidence that traders are currently in control, and why the nature of that control has changed over the last month.

When markets react to fundamentals, they do so freely, with long trends that rarely change until the fundamental picture changes. In conventional forex, for example, if Japan were to unilaterally raise interest rates significantly tomorrow, the Yen would be relatively more attractive to investors. That relative strength would continue until something changed, so the move down in USD/JPY that resulted would be sharp initially and then gradually slow down. Until the BOJ cut rates again or other countries raised them, however, it wouldn't be expected to stop or change direction.

Similarly, when traders are in control initially, all moves are exaggerated. People aren't buying or selling the commodity or currency because they believe in the long term future or failure of it, nor is their motivation any view on the relative worth of that particular instrument. They just perceive weakness in one side or the other of the market and exploit it. At this stage, the big boys rule and can use their muscle to push everybody else around; once smaller traders start to act as a group, however, that situation changes.

A small traders motivation usually comes more from reading a chart and identifying the likelihood of a move and the potential profit/loss ratio of the trade. Those decisions are made based on previous price performance so, inevitably, recognizable points of support and resistance form over time.

Really, when you stop and think, there is very little logic to that. The fact that BTC/USD's post-$1100 bubble low is $170 could be due to any number of factors. It could be that at that time it became clear that major Wall Street investors were committed to a "fully regulated" Bitcoin exchangein partnership with Coinbase changed many peoples fundamental view of the long term future of Bitcoin, and If that were the case there is no reason that $170 would offer resistance in the future. Similarly the fact that the bubble burst at $1100 doesnt mean that there is anything magical about that price either. Despite that, if either of those levels is reached again, we know that it is most likely that $170 would provide support and $1100 would see some serious resistance.

Trading based on past price action is a kind of self-fulfilling prophecy. The fact that people believes other will act prompts them to act and once they do the level holds. Take a look at this chart, for example, from cryptocoinsnews.com.

It is clear that over the last month or so the $200 level has held every time we have been down there. Now, in a shorter term trend it looks like $230 is holding following a run up above $250 and a retracement. As this analysis, again from cryptocoin news, points out, even levels based on metrics more esoteric than simple support and resistance, such as Fibonacci levels and Elliot Wave theory, are becoming significant.

That increasing use of technical points counteracts the danger that I wrote about last month. At that time it seemed that aggressive selling was all in vogue, and there was nothing to stop or counteract that. The increased resistance from technical levels in the last few weeks, however, gives reason for hope. What naturally happens when technicals dominate is that trading ranges narrow over time. Not wanting to miss out, small traders place orders in front of predicted levels and if enough of them do so, strong support is established above the previous level. The same happens with resistance and eventually the overall range narrows.

The evidence suggests that we are at that stage and, assuming no huge news of a fundamental nature, we are entering a period of consolidation. The BTC community should certainly hope so. The longer the currency remains stable and fairly predictable the more likely it becomes that at least one of the major companies now accepting BTC will begin to hold at least some money in the currency rather than instantly exchange for conventional money.

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The Nature Of Bitcoin Trading Has Changed And That May Bring Hope

BTER HACK $1.75m in Bitcoin Stolen in Cold Wallet Hack – VOICE OF CRYPTO – Video

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BTER HACK $1.75m in Bitcoin Stolen in Cold Wallet Hack - VOICE OF CRYPTO
BTER HACK $1.75m in Bitcoin Stolen in Cold Wallet Hack https://twitter.com/VOICEOFCRYPTO https://www.facebook.com/THEVOICEOFCRYPTO https://www.changetip.com/tipme/VOICEOFCRYPTO.

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BTER HACK $1.75m in Bitcoin Stolen in Cold Wallet Hack - VOICE OF CRYPTO - Video

Bitcoin Group runs afoul of ASIC over social media

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The Australian Securities and Investments Commission has issued a gag order to Melbourne-headquartered Bitcoin Group Limited ahead of the company's prospective initial public offering.

The corporate watchdog on Friday announced it had issued a stop order to prevent the company making public statements about an IPO on the ASX until it lodges a prospectus.

"ASICs concerns relate to publications posted by the company via a social media application 'Wechat' seeking expressions of interest from potential investors to subscribe for shares if there is a proposed listing on the Australian Securities Exchange," an ASIC statement said.

"The publications were made before Bitcoin Group Limited was registered as an Australian company by ASIC and before the lodgement of a formal disclosure document (e.g. a prospectus). ASICs understanding is that the company particularly targeted potential investors from the Chinese community."

ASIC described Bitcoin Group Limited as a Bitcoin miner. The company's website says it offers educational services and works "with a number of retail exchanges and OTC traders to provide procurement services, providing emergency liquidity when a larger than expected buy or sell order is beyond their capacity to service."

"ASIC will often review pre-prospectus advertising or publicity to ensure legal requirements are being met," ASIC Commissioner John Price said in a statement.

"This is because any statements made about a potential offer may influence the investment decisions of consumers who will not have the benefit of all material information that would be included in a prospectus.

"ASIC expects companies to be fully aware of their obligations regarding advertising or publicity that occurs before making a regulated disclosure document available to investors. If they do not observe these requirements, then ASIC will take necessary action so that investment decisions are made in a confident and fully informed environment."

ASIC said that normally a stop order would be published on its website and in fundraising documents lodged with it. However in this case ASIC issued a public media statement because no documents have been lodged with it yet.

Read more CoinJar launches Hedged Accounts for users to lock in Bitcoin prices

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Bitcoin Group runs afoul of ASIC over social media


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