• Many within the Bitcoin community are pretty upset about the Winklevoss ETF being turned away by the SEC. If you are among them, buck up, little camper! I’m going to reveal several reasons why Bitcoin is better off without the passage of the COIN ETF. [This is an op-ed article. Viewer discretion is advised.] Bitcoin Must Be Regulated…to Be Regulated First things first, let’s review yesterday’s ruling by the Securities Exchange Commission. Here is the

    6 Reasons Why The ETF Defeat is a Major Win For Bitcoin

    | 2017/03/11 1:00 pm
  • As Bitcoin holds firm following the SEC rejection of the Winklevoss ETF, reactions inside and outside the community range from the sublime to the ridiculous. ETF Rejection: No Price Panic As the decision was announced late Friday, Bitcoin’s price tumbled over $100, but as of Saturday has steadied at around $1,180 USD. The apparent resilience to setbacks underlines a new trend for the cryptocurrency, shaking off volatility from regulatory and legislative decisions which in previous

    Winkle-loss: Top 5 Reactions to Bitcoin’s Historic ETF Rejection

    | 2017/03/11 10:00 am
  • The Bitcoin ETF proposal (COIN) has been rejected by the United States Securities and Exchange Commission, which immediately sent the price plunging down to a $958.5 low. Bitcoin ETF Rejected The much anticipated Bitcoin ETF filed by the Winklevoss Brothers in mid-2013 has been officially rejected. The document outlining the decision states the reasons for the rejection: Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulated. Therefore, as

    Bitcoin ETF Rejected; Price Dips Below $1,000

    | 2017/03/11 12:20 am
  • Bitcoin entrepreneur and Chinese government advisor Wo Weidong is urging China to develop “an appropriate” Bitcoin and Blockchain regulatory strategy to promote innovation. China Needs ‘An Appropriate Regulatory Strategy’ Wo Weidong, member of the Chinese People’s Political Consultative Conference and Chairman of the board of the Huiyin Group, has called out for “an appropriate” Bitcoin and blockchain regulatory strategy, according to online news service cnLedger.  “For innovations like Bitcoin and blockchain, other major countries in the world are

    ‘China Had the Power’: Gov’t Advisor Urges Not to Abandon Bitcoin

    | 2017/03/09 12:00 pm
  • New Hampshire is officially moving towards liberating Bitcoin users from state regulations. NEW HAMPSHIRE MOVES TO DEREGULATE BITCOIN Senate, legislatures, and parliaments around the world have had many different approaches to handling Bitcoin. Many see a money grab avenue for taxation, while others criminalize it out of fear of competition. New Hampshire is officially moving towards liberating Bitcoin users from state regulations. Problems for Bitcoin use, by rule of law, have developed around the 2016 federal,

    New Hampshire Passes Bill to Deregulate Bitcoin Use

    | 2017/03/09 7:30 am
  • Bitcoinist spoke with Leon Liu, the CEO of BitKan, a Chinese P2P Bitcoin trading service, to get a better idea on the current situation following the recent regulatory clampdown on Bitcoin exchange withdrawals in the country. Bitcoinist: What kind of trading services does BitKan provide? Leon Liu (LL): BitKan provides P2P bitcoin trading services with broker match-making to save time for our users. During a trade, BitKan acts as an escrow service, guaranteeing funds delivery for

    BitKan: Our Volume Grew ‘Twelve Times’ Since PBoC Halted Withdrawals

    | 2017/03/07 12:00 pm
  • Bitcoin investor and PayPal cofounder Peter Thiel is becoming very influential in the growing Trump administration. BITCOIN ADVOCATE A ‘SHADOW PRESIDENT’ It’s not what you know, it’s who you know. Isn’t that how the saying goes? If you are a computer technology billionaire it might be beneficial to be on a first-name basis with a less-than-tech-savvy billionaire President. Peter Thiel, co-founder of PayPal, is becoming very influential in the growing Trump administration. Critics of the 45th

    Bitcoin Investor Peter Thiel is Allegedly Trump’s ‘Shadow President’

    | 2017/02/27 11:00 am
  • China’s love affair with P2P trading platform LocalBitcoins shows no sign of flagging after yet another consecutive record week with traders exchanged over 50 million yuan. LocalBitcoins: 700k Reals, 50 Million Yuan Data from Coin Dance shows the seven days ending Saturday, February 25 was the busiest period ever for Localbitcoins in both China and Brazil. In the week prior, China registered around 36 million yuan in transactions, which itself easily beat any previous weekly period multiple

    Another Week, Another Record: LocalBitcoins Explodes in China, Brazil

    | 2017/02/27 3:00 am
  • The recently submitted Senate Bill 741 would prohibit the sale of raffle tickets for Bitcoin and other cryptocurrencies in the state of California. Raffle Yes, Crypto No A bill that addresses the regulation of organizations that conduct charity raffles in California was submitted by Tony Mendoza, a California State Assemblyman last week. Senate Bill 741 would allow non-profit organizations “established by, or affiliated with, a district agricultural association, county fair association, or citrus fruit fair association” to

    California Proposes to Ban Bitcoin from Charity Raffles

    | 2017/02/22 12:00 pm
  • The world is still coming to grips with an inevitable future of purely digitized society. The future of the world’s monetary system is pretty important to gain control of, hence a “staff working paper” was commissioned by the Bank of Canada, the nation’s official central bank. Bank of Canada Gives ‘Lessons’ Titled Canadian Bank Notes and Dominion Notes: Lessons for Digital Currencies, the paper outlines some very original conclusions were made regarding Bitcoin, which seems to have been the target of the study. We will

    Bank of Canada Paper Concludes Bitcoin Can Be Counterfeited

    | 2017/02/22 8:00 am
  • BTC price rose higher after positive news regarding the SEC and its new regulations that are expected to boost small Bitcoin businesses. Building on ‘Productive Relationship’ A memorandum of understanding (MOU) between the US Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA), signed Friday, will see the two bodies share information related to ensure new crowdfunding regulations are effective for small businesses. The new rules will make it easier for

    New SEC Agreement Pushes Bitcoin Price Higher to $1,100

    | 2017/02/21 5:00 am
  • LocalBitcoins has recorded an exponential 1,200% surge in China trading since the country’s exchanges started reacting to pressure from the People’s Bank of China (PBoC). 36 Million Yuan Per Week and Counting The week ending February 18th was the best on record for the peer-to-peer marketplace, which registered a global high of over $24 million USD in transactions. The Chinese market, until just a few weeks ago practically dormant, saw a giant 36 million yuan

    LocalBitcoins Trading Up 1,200% in China Since PBoC Clampdown

    | 2017/02/20 7:30 am
  • The United States Senate has successfully confirmed U.S. Representative Mick Mulvaney (R – S.C.) to be President Trump’s Budget Director on Thursday after a close and contentious vote. Mulvaney was confirmed to lead the White House Office of Management and Budget by a vote of 51 to 49, according to the New York Times, narrowly making the cut over a unified front of Democrats. The Trump administration has already had some close calls, with their

    It’s Official: ‘Bitcoin Congressman’ Mulvaney is U.S. Budget Chief

    | 2017/02/17 12:00 pm
  • North Dakota remains undecided whether to regulate cryptocurrencies as legislation is passed and rejected by various state committees. Controlling ‘Online Currencies’ A bill advocating a study be made as to whether various businesses need a license to deal in crypto passed the State Senate. However, a House committee gave it a unanimous “do not pass” recommendation, local news resource KFYRTV reports. While it is likely the study will go ahead, the bill originally contained much

    North Dakota Lawmakers Dither on ‘Online Currencies’ Regulation

    | 2017/02/15 3:00 am
  • As Chinese exchanges put BTC withdrawals on hiatus, LocalBitcoins is seeing new all-time trading highs – and not just in China. New Trading Highs Around The World The knock-on effect of investors flocking to the peer-to-peer marketplace is seemingly creating unprecedented demand in markets such as Canada, Chile, Colombia, New Zealand, Saudi Arabia, Sweden, Mexico, Turkey and, of course, Venezuela. In fact, global P2P trading on LocalBitcoins has been seeing a continued upwards trend across the board.  The

    Not Just China: P2P Bitcoin Trading is Also Soaring in These 9 Countries

    | 2017/02/14 4:00 am
  • Bitcoin supporter Mark Calabria from the Cato Institute has been selected to serve as Chief Economist for Vice President Mike Pence. Bitcoin-Supporter to Advise Mike Pence The Vice President of the United States, Mike Pence, has selected a well-known libertarian and Bitcoin advocate, Mark Calabria, as his chief economist. Having also previously worked for the Senate Banking Committee, Calabria is best known as the former director of financial regulation studies at the Cato Institute. He is also an

    VP Mike Pence’s New Chief Economist is a Bitcoin Supporter

    | 2017/02/13 8:00 am
  • What is constantly an issue, both now and in the future, is the concept of regulating and understanding blockchain and digital currency technology at a government level. The U.S. Government is taking steps to better understand this industry with their new Congressional Blockchain Caucus. Blockchain Caucus Will Educate Lawmakers Spearheaded by Rep. Jared Polis (D-Colo.) and David Schweikert (R-Ariz.), this will create a soundboard for future policy creation dealing with blockchain technology and the growing world

    U.S. Congress Creates New Blockchain Caucus in Washington

    | 2017/02/10 8:00 am
  • It looks like the roller coaster that is Bitcoin price in 2017 is far from over. January has typically been a volatile month for Bitcoin values, but February is becoming very unstable, with the announcement that Chinese exchanges are moving to new policies and restricting Bitcoin withdrawals for the next month. PBoC Strikes Again: Price Slides Over 12% The issues for Bitcoin price began yesterday, as the heads of nine Bitcoin exchanges in China were

    Bitcoin Price Drops Over 12% as Chinese Exchanges May Become ‘Bitcoin Banks’

    | 2017/02/09 9:30 am
  • The Philippines Central Bank has released guidelines on Bitcoin regulation, which “basically legitimizes the local Bitcoin industry.” Bank: Bitcoin Has ‘Potential to Revolutionize’ This is the summary from a co-founder of the country’s largest Bitcoin startup, Satoshi Citadel Industries (SCI), which also runs exchange Bitmarket.ph. The Bangko Sentral’s decision from January 19th, the text of which was released February 6, […]recognizes that Virtual Currency (VC) systems have the potential to revolutionize delivery of financial services,

    Philippines ‘Legitimizes’ Its Bitcoin Industry with Friendly Regulation

    | 2017/02/09 5:30 am
  • Bitcoin dropped 3% Wednesday after news broke of a closed meeting between Chinese exchanges and the People’s Bank of China (PBoC). Money Laundering ‘On Agenda’ The talks, which are ongoing, are the latest in a series of investigatory moves by regulators, who have expressed concerns about the legality of certain financial practices. Local news resource cnLedger said the meetings were unconfirmed, but Bloomberg quoted unnamed sources stating the the meeting was indeed going ahead. Unconfirmed:

    Secret China Regulator Meeting Makes Bitcoin Volatile Again

    | 2017/02/08 4:42 am
  • March 11th is the next milestone date in Bitcoin history, as the Securities and Exchange Commission (SEC) will decide whether to allow the world’s first Bitcoin ETF fund. So what could happen if it is approved? Bitcoin ETF Could Lead to ‘Irrational Exuberance’ If the SEC approves the Winklevoss Bitcoin Trust next month, it might set off a speculative rush into bitcoin. An easily accessed ETF (exchange-traded fund) that tracks the value of bitcoin could cause money

    If the Winklevoss Bitcoin ETF is Approved, What Happens Next?

    | 2017/02/07 9:00 am
  • The Russian enclave of Kaliningrad could become the first area in the country to enshrine cryptocurrency legalization into law. Kaliningrad Could Host First Crypto Exchange Quoted by Interfax, the area’s business ombudsman Boris Titov said that regardless of what is decided about crypto at state level, Kaliningrad could become a testbed where Bitcoin and its ilk are legal and regulated. “Cryptocurrency circulation is not prohibited in the Russian Federation at present, although discussions about a

    Russia’s Kaliningrad May Trial ‘Legal’ Bitcoin, Launch Exchange

    | 2017/02/06 5:00 am
  • Bitcoin has now become a “great hedge” against the centrally-controlled banking system according to BTCC CEO Bobby Lee.  Bitcoin: Designed to Protect Your Wealth  The current debt-based, centrally-controlled banking and monetary system have created a monster, not much unlike “Frankenstein’s Monster.” Bitcoin has now become a monster the centralized power structure is trying to control. As Satoshi Nakamoto has stated before, Bitcoin was created in response to “The Great Recession” of 2007-2009 that many countries

    Rage Against the Machine: Bitcoin ‘A Great Hedge Against the System’

    | 2017/01/30 11:00 am