Send Bitcoin with P2P Wallet App
You can transfer quickly and easily an amount of digital currency to P2P Wallet than one recipient. There are three options to start a transaction: 1) The recipient sends his currency address...
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Bitgazeteer: your #1 resource on Bitcoin merchants
Bitgazeteer.com is a platform that is dedicated to stores and merchants accepting Bitcoin as a payment method, keeping consumers up to date with online stores, ATMs, deals and even physical...
By: Jurgen Hornbostel
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Dr. Jose Martinez, talking about the #39;BITCOIN #39; trading - BancoFX
Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the...
By: BancoFX International
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Dr. Jose Martinez, talking about the 'BITCOIN' trading - BancoFX - Video
Tim O #39;Reilly - What #39;s the importance of Bitcoin the Blockchain?
Tim O #39;Reilly discusses the importance of Bitcoin and the Blockchain. Written off by some, the Blockchain is a fundamental platform technology that is enabling the next series of killer apps....
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Tim O'Reilly - What's the importance of Bitcoin & the Blockchain? - Video
Looter News: DC Universe Expands on CW, 3D Printed Bitcoin Terminals in Germany
Get Loot Crate: http://bit.ly/grabsomeloot On today #39;s Looter News, the CW announces plans to expand the DC universe and a German start up company introduces 3D printed pay terminals to vendors....
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Looter News: DC Universe Expands on CW, 3D Printed Bitcoin Terminals in Germany - Video
Jual Red Fury ASIC BitCoin Miner
Jual Red Fury ASIC BitCoin Miner bekas murah Saya jual karena sudah pensiun dari dunia cryptocurrency Harga 800rb nego sopan kunjungi http://kask.us/hUdov.
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13.01.15 Forex, , Bitcoin Litecoin Romanov Capital
EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, XAU/USD, gold, , Bitcoin, BTC/USD, , LTC/USD, , .
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What is Bitcoin Means to me
I like to Share this with you it is about #Bitcoins if you can stop by my site http://bitcoins-usa.net/ to know more about me.
By: Bitcoin USA Net
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"The Bearwhale is now gloating over the carcasses of slain traders. The ball dropped and Bitcoin plummeted. From $322 on New Year's Day to $255 in less than one week, Bitcoin has begun 2015 by eviscerating many traders' portfolios," Hayes wrote in his weekly note.
Over on Reddit's main bitcoin forum, enthusiasts mostly shrugged off the price drop, repeating that the technological fundamentals remain true for the asset.
Read More Major bitcoin exchange suspended after price plunge
Tuesday's drop comes a week after a major exchange suspended operations after it said hackers stole about $5 million worth of bitcoin. The exchange, Bitstamp, has since reopened without incident, and assured customers that any bitcoins stored with the company would be honored.
As part of the fix, Bitstamp moved its systems to Amazon Web Services cloud infrastructure, CEO Nejc Kodri said in a statement provided to CNBC.
Read MoreMarc Andreessen: I still stand behind bitcoin
No matter the size of Tuesday's price drop, the near future is unlikely to herald the death of bitcoin (one site has counted 27 obituaries for the technology). Experts say the price is in many ways secondary to the future utility of the system, which could one day be used as a foundation for secure all-digital markets and transactions.
On a historical note, Monday marked the six-year anniversary of the first ever bitcoin trade: Satoshi Nakamoto, the mysterious person or group behind the technology, sent 10 bitcoin to developer Hal Finney on Jan. 12, 2009.
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Bitcoin briefly traded below $225 on Tuesday, just a day after the sixth anniversary of the first transaction for the cryptocurrency.
The digital assetwhich saw prices top $1,150 less than 14 months agobounced back to around $231 by Tuesday midday.
Cryptocurrency trader Arthur Hayes wrote in a Monday note that $250 was an important resistance level, followed by $200. Bitcoin fell below $250 around 10 p.m. ET on Monday, according to CoinDesk's Bitcoin Price Index.
Provided by CNBC
"The Bearwhale is now gloating over the carcasses of slain traders. The ball dropped and Bitcoin plummeted. From $322 on New Year's Day to $255 in less than one week, Bitcoin has begun 2015 by eviscerating many traders' portfolios," Hayes wrote in his weekly note.
Over on Reddit's main bitcoin forum, enthusiasts mostly shrugged off the price drop, repeating that the technological fundamentals remain true for the asset.
Tuesday's drop comes a week after a major exchange suspended operations after it said hackers stole about $5 million worth of bitcoin. The exchange, Bitstamp, has since reopened without incident, and assured customers that any bitcoins stored with the company would be honored.
As part of the fix, Bitstamp moved its systems to Amazon (AMZN) Web Services cloud infrastructure, CEO Nejc Kodri said in a statement provided to CNBC.
No matter the size of Tuesday's price drop, the near future is unlikely to herald the death of bitcoin (one site has counted 27 obituaries for the technology). Experts say the price is in many ways secondary to the future utility of the system, which could one day be used as a foundation for secure all-digital markets and transactions.
On a historical note, Monday marked the six-year anniversary of the first ever bitcoin trade: Satoshi Nakamoto, the mysterious person or group behind the technology, sent 10 bitcoin to developer Hal Finney on Jan. 12, 2009.
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Those who stand in implacable opposition to Bitcoin seem to want it both ways. Look, they say, Bitcoin has dropped from over $1100 to under $250; it is obviously worthless! Then, at the same time, they maintain that the jump up to nearly $1200 was evidence of a massive speculative bubble and had no real bearing on the actual value of the virtual currency.
Surely though, if the second contention is true then the first has no validity until we break significantly below pre-bubble levels.
Bitcoins value against the U.S. Dollar (BTC/USD) started that crazy two month run up from a level just below $200, as the chart below shows.
If that was evidence of a serious bubble as most logical people would assume, then we cannot draw any broad conclusions about the intrinsic value of the underlying instrument until the effects of that bubble have fully been washed through the market, and that can take time.
After collapsing from bubbly levels in 2007, real estate prices in the U.S. only recently began to recover. The bubble in gold popped in 2012 and only now are we beginning to see signs of some fragile stability. Tech stocks took years to stabilize following the crash in 2001. There were plenty of detractors at that time who maintained that the new fangled internet thing would never catch on and falling prices proved it, so there! Even as those bubbles were collapsing, though, the underlying instruments retained intrinsic value. Why would the Bitcoin bubble of 2013 be any different?
If anything, when looked at as a deflating bubble, the drop in price has been fairly slow.
A comparison of the rapid rise and gradual decline of BTC in the top chart to the straight up and down of the NASDAQ from 1998-2003 (a far cry from where NASDAQ is today) in the bottom chart indicates that Bitcoin has, after all, some underlying support.
Should the decline in exchange value continue to a point below the roughly $150 level that marked the last period of relative stability throughout most of 2013, then a case could be made that the real, underlying value of BTC was questionable before the jump. Until then, though, the logical view is that there was indeed a bubble at the end of that year; a bubble that is still deflating. What makes that possible is that, while a currency by definition, the nature of Bitcoin makes it, from a trading and pricing perspective, more of a commodity.
When I started writing about Bitcoin last year, I wrote that I viewed it as just another currency that could be traded. Since then, though, as my understanding and appreciation has deepened, I have moderated that view. The facts that both the rate of supply and the total possible issuance are limited make it behave in many ways more as a commodity. That is no accident; Bitcoin mining was modeled on gold from the outset.
Bitcoin is also differentiated from currencies by one other very important characteristic; there is no centralized issuing authority. That means that there is no body or institution to step in as the exchange rate declines and attempt to bully the market into accepting an inflated value. Bitcoin will find its own level according to free market principles, and given that, the time to question its existence based on the exchange rate is still a long way off.
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Bitcoin's Bubble Means That Current Levels Shouldn't Be A Concern
Bitcoinstorage provider Elliptic Enterprises Ltd. has achieved a Bitcoin industry first in obtaining ISAE3402 accreditation from a big four accounting firm for financial reporting at a standard applied to banks.
The London, England-based companyprovides services to investment funds and trading houses, covering Bitcoin and other cryptocurrency storage solutions.
ISAE 3402 accreditation:Assurance Reports on Controls at a Service Organization, providesan international assurance standard for allowing public accountants to issue a report for use by user organizations and their auditors on the controls at a service organization that are likely to impact or be a part of the user organizations system of internal control over financial reporting.
Thereview, undertaken by KPMG that led to accreditation scrutinized various aspects of a business, such asfinancial controls, regulatory compliance, financial controls, code deployment, disaster recovery, segregation of duties and offline bitcoin storage techniques.
KPMGs accreditation is an important milestone, James Smith, Elliptics chief executive officer, said in a statement.
[it] demonstrates to our customers that we have the rigorous internal processes and controls expected of any traditional financial services providerwe think its important that the services we offer in the digital currency space are held to the same standards as those operating in more conventional markets.
Its a positive step forward for a Bitcoin storage company to seek the same accreditation undertaken by banks. Its no guarantee that nothing will ever go wrong, but the transparency afforded by the standards compliance offers some level of customers assurance given that Elliptic advertises its services as providing peace-of-mind that your Bitcoin holdings are safe and secure.
Elliptic was founded in 2013 and has taken $2 million in venture capital in two rounds that included Seedfund andOctopus Investments.
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Bitcoin storage firm Elliptic receives reporting accreditation from KPMG
Risky business: The digital currency bitcoin is still in its infancy which leaves it vulnerable to malicious users.
Moving money overseas is notoriously expensive. The way to avoid being gouged by brutal online banking costs could be to enlist the power of the alternative currency bitcoin.
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Just ask entrepreneur Crystal Fong, 29, who runs a Melbourne copywriting collective. Recently, when Fong was in Tokyo establishing a pop-up office, both her bankcards were cancelled after some ATM trouble. The cards were with two different banks that gave the same story: "All we can do is send a new PIN to your address in Australia it'll take five to sevenworking days."
Crypto-currency fan: Entrepreneur Crystal Fong decided to try withdrawing bitcoin after both her ATM cards were cancelled while on a trip to Tokyo.
Her mind turned to bitcoin, which she knew is not for everyone, particularly in Japan the crash of the Tokyo-based bitcoin exchange, Mt. Gox, has fuelled doubt about its stability, according to Fong.
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"But I was on my last 1000 yen in a ridiculously expensive city, with two cancelled debit cards," she says. Opening a bitcoin wallet and road-testing the digital currency seemed far less risky than trying to survive "on 10 bucks for five to sevenworking days", she adds.
So, using the on-the-go bitcoin wallet CoinJar, she withdrew it in yen from a bar-room bitcoin ATM in buzzy Roppongi behind her, chatter arose about the potential and downsides of the crypto-currency that spawns controversy and curiosity.
Cut out the middleman: Asher Tan, CEO and co-founder of CoinJar says Australia now has four major bitcoin exchanges.
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Bitcoin was dubbed the worst investment of 2014. As predicted however, 2015 has seen the continued fall in value of the currency that was supposed to fuel the digital age.
Picture: Harald Groven
In the last 10 days alone, it has lost 26% in value.
If 2014 was a bad year for the digital currency, 2015 looks like it will be even worse. Barely days into the year, UK-based Bitcoin exchange Bitstamp was hacked and 19,000 Bitcoin stolen. At the time, this loss was valued at $US5 million. Bitstamp has since come back online, with revamped security from BitGo. It may however, all be a bit too late.
Hacks of Bitcoin exchanges have come to characterise the Bitcoin world. It isnt something that is necessarily inherent in Bitcoin itself, but more of a feature of the types of companies that have sprung up around the troubled technology. At best, the hack of one-time leading Bitcoin exchange Mt Gox, was a result of sloppy coding and business practices. At worst, it was an inside job, defrauding its customers of $487 million.
A more ominous problem has cast its shadow on the future of Bitcoin. Bitcoin relies on people to engage in mining to validate every exchange of the virtual currency. Miners, do some agreed calculations, and if they are fast, or lucky, enough, will succeed in winning some newly produced Bitcoin in exchange for adding the transaction onto the Bitcoin ledger called the Blockchain.
The strategy of mining has become Bitcoins achilles heel. The design of Bitcoin dictates that the difficulty of mining will increase as more Bitcoins are produced and more miners get involved. This has led to mining being dominated by companies that can scale to the point where they can guarantee to earn a certain percentage of Bitcoins created each day. As Bitcoins value has dropped, the economics of the mining operation have changed, to the point that mining ceases to be economically viable.
Cloud mining company CEX.io suspended their mining operations this week, declaring that it needed the price of Bitcoin to be at least $320 before it would be able to resume its operations. Unfortunately for them, the price has dropped even further since and the likelihood of it climbing back to $320 seems slim.
Another mining company, CoinTerra, is being sued by a data centre provider for $5.4 million for unpaid fees. The cost of power alone to run CoinTerras services was $12,000 a day.
The underlying protocol of Bitcoin does allow for the relative difficulty of mining to be eased if it becomes too hard for miners to stay in operation. In fact, this happened last month for the first time since 2012. It could theoretically continue to become easier as the Bitcoin price drops. The issue is however, that this wasnt supposed to happen. Bitcoins price was supposed to keep increasing as more Bitcoins came onto the market.
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Russian telecommunications regulator Roskomnadzor blocked access to at least seven Bitcoin related websites Tuesday on the grounds that the currency contributes to the growth of the shadow economy.
ITAR Tass reported that Roskomnadzor claimsthat the implementation of the ban follows a court order dating fromSeptember 2014, which read:
Introduction in Russia of other monetary units and production of money substitutes is prohibited. In such circumstances cryptocurrencies including bitcoin are money substitutes, contribute to the growth of the shadow economy and can not be used by citizens and legal persons on the territory of the Russian Federation.
The list of sites known to be currently unavailable in Russia include bitcoin.org, indacoin.com,coinspot.ru,hasbitcoin.ru,bitcoinconf.ru,bitcoin.it andbtcsec.com.
The move to block access to the sites comesdespite a commitment from Georgy Luntovsky, the Bank of Russias first deputy chairman in 2014 who said that the Government would not block the use of Bitcoin.
Worse could be ahead for Bitcoin in Russia, with Crypto Currencies Foundation of Russia (CCFR) chairmanIgor Chepkasov telling CoinDesk that move is likely the start of a far larger crackdown on cryptocurrencies. We can safely say that this is a dress rehearsal for the prohibition of Bitcoin in Russia Chepkasov said.
Its not clear just how big the Russian Bitcoin industry is, but there were reports in December that some Russians were moving into holding Bitcoin as the Ruble went through a period of extreme volatility.
The price of Bitcoinplunged 9% to US$206.54 at the time of writing as news of the crackdown, and potential ban spread.
If you run a Bitcoin site or business and want to check if youve been affected by the ban in Russia, Roskomnadzor provides a service to check which sites are blacklisted here.
photo credit: deischi via photopin cc
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Nyet! Russia bans Bitcoin websites, may ban Bitcoin outright
Bitcoin revolution Episode 1
Si vous souhaitez visionner le deuxime pisode de notre reportage veuillez cliquer sur le lien ci-dessous: https://www.youtube.com/watch?v=K2VOwh2yu5o.
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Can bitcoin stop the geo-racism of Hollywood studios? .::. Flipside Bits
Tips: 1KxxXZanTkFfMwpUaJcmdUwTv2AvpqgjAV Twitter: https://twitter.com/djbooth007/ Web: http://www.flipsidebits.com/bitcoin-stop-geo-racism-hollywood-studios/ Episode 14: Old fashioned movie...
By: World Crypto Network
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Can bitcoin stop the geo-racism of Hollywood studios? .::. Flipside Bits - Video
Loan Bitcoin - P2P WALLET
It works very quick and convenient to apply for a P2P loan. Select your currency and enter an amount. Your currency is standard configured in Bitcoin (BTC). You can easily change you currency....
By: P2P WALLET
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http://www.twitter.com/VanosEnigmA + http://www.facebook.com/VanosEnigma http://www.facebook.com/pages/CCBP-Canarias-Crypto-Bitcoin-P2P-Juegos-Games/471825526290207 Thank you mucho meow for your ...
By: VanosEnigmA Enigmaisland
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These are Bitcoin #39;s true believers CES 2015
Bitcoin startups had a bigger presence than ever at this year #39;s CES, hoping to show off their newfound legitimacy, but headlines about $5 million hack and dr...
By: The Verge
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