Silicon Valley startup 21 Inc., a company that’s managed to stay in the shadows, for the most part, announced it has raised $116 million in venture funding. Formally known as 21e6, 21 Inc. raised the most funding by any startup in the digital-currency sector, based on data from Coindesk. Two years ago under the name 21e6, the company was able to raise $5 million in venture capital. 21 Inc Emerges From The Shadows Silicon Valley
At the end of 2014, I published a two-part summary on the state of Bitcoin. In the first part of that report, I argued that the 2013 bitcoin price peak was actually an artificial bubble created by fraudulent trading bots on the now-defunct Mt. Gox bitcoin exchange. Furthermore, I argued that the year-long downtrend of 2014 was a symptom of the correction of the artificial Gox bubble; once Gox shut down in early 2014, the
On February 4th, Ross Ulbricht was found guilty and convicted of owning and operating the online drug marketplace Silk Road. On hearing evidence brought by the FBI and DHS, a jury took less than three hours to find Ulbricht guilty of all seven charges levied against him. These charges include Narcotics trafficking conspiracy, running a criminal enterprise, computer hacking conspiracy, and money laundering conspiracy. Now Mr.Ulbricht’s defense attorneys are seeking a new trial based on
There’s never a dull moment in the Bitcoin market. This week alone, there are two Bitcoin events going on. ICE Conference 2015 and the MIT Bitcoin Expo. Both focus on Bitcoin, but in different aspects. ICE is focusing more on Bitcoin and its applicability in gambling and gaming, with the MIT Bitcoin Expo looking at a more broad view of Bitcoin with speakers like Charlie Lee and Gavin Andresen to name a couple. Also Read:
LedgerX is a trading and clearing platform exchange dealing with Bitcoin. The company is currently seeking for regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to start dealing with bitcoin. If approved, LedgerX will be the first federally regulated bitcoin exchange and clearing house to list bitcoin options for the institutional market.
Bill Barhydt, serial entrepreneur and former Netscape director, debuted his first Bitcoin startup, Abra, on Wednesday, March 4. The announcement came on the last day of the Launch Festival, an annual conference known for premiering new and innovative startups. In his speech, Barhydt explained that Abra was created to help migrant workers in various countries send money to their loved ones back home. “Our mission with Abra is to turn every smartphone into a teller
January is typically a slow month in the business world, with the festivities quieting down during the transition into a new year. Thus, I was quite surprised when I was invited to the World Money Fair in Berlin. This fair is a conference on money and precious metal of all shapes and sizes, except for digital currency, unfortunately. This conference was an ideal place where you could buy several things: Collector’s sets of euros that are only available at the convention
The trio behind Coinimal has decided to take buying crypto-currency into their own hands and launched their own exchange on December 15th. According to Coinimal’s CEO, Paul Klanschek, they were motivated by their experiences buying bitcoin and other crypto-currencies from European companies. “All three of [us] are from Austria and [have been] active in the crypto scene for a few years already. Every time we had to buy Bitcoins we experienced how hard it was
With the end of February just passing, many were saying February the most stable month of Bitcoin so far. With a net change of a $1 per day, Bitcoin users enjoyed a stable price. For a while, it looked that February was going to end with Bitcoin at a price of the mid $230s. Also Read: Last Weeks Market Wrap Up Later Sunday, after the price dipped to the upper $240s, we had a similar
Igot is an Australian Bitcoin exchange founded in 2013 that is growing at a rapid pace with a focus on the remittance market. Igot is expanding internationally, with local presence in Asia, Europe, and UAE. With a combination of transparency and compliance, Igot is quickly becoming a globally known Bitcoin exchange. Igot is currently available in 40 countries, which includes the EU and parts of the Middle East and Africa. Customers can use all exchange
Bitcoin Builder has been keeping the public in the dark as of late, but it has recently recently updated their website with a new announcement: “We’ve re-launched as a ‘Bitcoin Exchange Aggregator’ that pulls in the best prices from multiple exchanges and allows you to trade without fee. Bitcoin Builder will now enable you to sell and buy bitcoins knowing that you will be getting the best price, and trade executions are feeless. Bitcoin Builder
Bitcoin was packed with headlines this week, which is the first thing I look for when there is a price change. While this does not always work, it is a good rule of thumb that I go by. Bitcoin experienced the loss of two exchanges, CARVITEX and Netagio, as well as a follow up on Mt. Gox from WizSec. Also read: Last Weeks Market Wrap Up For the majority of the week, Bitcoin enjoyed relative
In 2013, Mt. Gox was the exchange that all Bitcoin users knew. Having the most liquidity and volume, this is where most Bitcoins were exchanged. Whether it was the transaction malleability exploits, trade withdrawal exploits or the infrastructure is not being able to handle the load, Mt. Gox went to dust, losing 850,000 Bitcoins. In USD equivalent at the time of the collapse, this equated to over $400 million customer funds that were unaccounted for.
As I mentioned in this week’s market wrap up, the bull run that occurred in the Bitcoin market last week was most likely the result of market manipulation. The Bitcoin price increased from the $220 range to around $260 without any discernible causes, suggesting that the spike in demand came from one person or a cooperative group. Also Read: This Weeks Market Wrap Up A new discovery serves to confirm my belief that the market was manipulated last week.
To wrap the Bitcoin market, and the cryptocurrency network, in general, into one word, I would use the word unexpected. We were seeing the small $1-$3 fluctuations in Bitcoin for the greater part of the week, then the price broke out into a bull run. No one without insider knowledge saw this coming and caught many people by surprise. While refreshing to see Bitcoin up 10% for the next three days, it was certainly unexpected.
Dear trader, 4th episode of our Decadays Market Report series. The first three are available Part 1, Part2 and Part3. How do you view your trading? Do you have a strategy? Or is it some sort of casino gamble to you? Please look carefully at the graph below. If you recognize yourself there, stop trading right now and go on reading this article. I started this series of articles by talking about price and saying
Here is Bitcoinist’s Bitcoin Market Wrap. It is been a relatively quiet week for Bitcoin, market-wise. Bitcoin has only fluctuated a couple percentage points every day, with usually a net difference of 1-3% daily. If we take a look at more traditional investments, 1-3% of the variation is a lot, but for Bitcoin in its current state, that is pretty stable. If we take a look at those same “traditional investments” they are down as well.
Shapeshift.io is an exchange that introduced a new exchange solution for Cryptocurrencies. The exchange allows you to instantly exchange cryptocurrencies directly between them. ShapeShift introduced the easiest way to buy or sell Altcoins offering instant conversion between coins. By offering the most private and most convenient way to swap digital currencies, ShapeShift's aims to be the leading exchange services provider within the crypto exchange ecosystem.
After seeing the Bitcoin price spike to $300 earlier this week, the market has been on a steady decline. In total, Bitcoin has dropped 38% this week, from a peak of $307 to approximately $223. Bitcoin’s price increased exponentially due to announcements from the Winklevoss Twins about Gemini and Coinbase’s new exchange. For the cherry on top, Google has integrated Coinbase into its Google Now application for Android. This app shows notifications in the format of cards; the Coinbase
Dear trader, Welcome to the third episode of our Decadays Market Report series. The first two articles are available Part 1 and Part 2. Remember, in our previous article, I showed you a bearish divergence in progress. Then I said: “the price of Bitcoin may not recover in the coming days. Instead, the risk is to see a new strong drop.” Since then, what happened? As you can see on the chart below, the drop
The last several days have been rough and tumble both for the Bitcoin fiat valuation and the new, supposedly regulated Coinbase Exchange. As mentioned by CoinDesk earlier in the week, California regulators are taking exception to the idea that they have given approval for Coinbase’s operation. When probed on the matter, Coinbase spokesman James Watkins said: “The Exchange is also available to users in California and New York. These states fall into a regulatory gray
Bitcoin Analysis Bitcoin has been increasing consistently over the last seven days, to a currency price of $244.58. The last time we saw this price was before the crash where Bitcoin took a 40% dive in two days, which is discussed in the previous Market Summary. We started this week with Bitcoin under $200, and has increased by approximately 25% over the duration of this week which I believe is due to one critical information
Coinbase Invites Traders to the Moon with New, Regulated Exchange Coinbase has reinvigorated the Bitcoin market with news that today, Monday the 26th of January, they are launching a new, regulated exchange called Lunar. At the beginning of last month, Coinbase expanded its regular wallet services to include US dollar wallets for people in 16 US states. Since then, they’ve gotten approval in another eight. The wallet service is funded and withdrawn from regular US