As Bitcoin hits all-time highs, the infinite wisdom of CNBC and the mainstream press surfaces again as a bizarre news piece suggests the start of an “inflationary period.” Bitcoin Surge ‘Might Not Mean What You Think’ – CNBC The segment from the network’s Trading Nation, which aired Thursday, also included commentators describing Bitcoin as a currency for “buying kidneys.” “Bitcoin is surging – but that might not mean what you think,” an accompanying article reads.
After buying up digital currency transfer company PayCash, Daimler has signaled it may use digital currency to build up its presence in Africa. Daimler: ‘Clear Signal Of Further African Growth’ The continent is providing huge demand for transport networks, yet businesses are continually faced with financing problems, the vehicle giant told industry magazine Autconomy this week. “We are already present in over 30 marketplaces in Africa and are still expanding both our product range and
Travel much? Bitcoinist discovered that using Bitcoin instead of local currency gives you more Big Macs for your bits, particularly in places like Venezuela and Nigeria. Attn: Travelers & Digital Nomads It’s common knowledge that buying Bitcoin might make a great investment. It can also save you money when you use it to buy products at Amazon via Purse.io. Less well known is that using Bitcoin can slash your travel costs as well particularly in places like Venezuela and Nigeria. Both these countries
Valentine’s Day is upon us! Forgot? No worries, Bitcoinist has got you covered. We are going to show you the best gifts Bitcoin can buy for all your Valentine’s Day needs! Valentine’s Day for the Bitcoinist Valentine’s Day is here and if you’re as bad with this kind of things as I am, then you’re probably looking for a last-minute gift that can fill someone’s heart without emptying your pockets. There’s only one problem, though:
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,
“Blockchain can radically transform exchange sector”, believes Kaidi Ruusalepp, CEO at Funderbeam (exchange for startups) and former CEO at the Estonian Nasdaq subdivision. [Note: This is a press release] ‘A Financial Engine of Companies’ Growth’ On March 9, she will speak at Blockchain & Bitcoin Conference Tallinn. Being experienced in managing Nasdaq, Kaidi founded Funderbeam – an investment and research platform for finding investors and startups. At the end of 2016, Funderbeam team started creating a
Bitcoinist spoke to Roman Pushkin, founder of LibreTaxi, an open-source ridesharing mobile app that will soon support Bitcoin payments, to find out more about his vision for this “free alternative” for Uber and Lyft. Ride sharing applications are becoming part of our daily lives. However, there are just some areas apps like Uber and Lyft don’t cover and a certain currency – Bitcoin, of course – that these simply do not accept as a payment system. However, new
January 30, 2017, Michigan, USA—In a bull market, altcoins achieve profit gains over 1,000%, far surpassing Bitcoin’s trough-to-peak gain of 217% this year. In a bear market, however, losses can be devastating. [Note: This is a press release] Recognizing when the altcoin sector is in a bull or bear market is challenging without a standardized index. Our solution is the T&C 20 Index—the first public index dedicated to tracking altcoin performance. At its current price
The award-winning light mobile client for Ethereum platform, Status has announced its alpha release. It makes Status, the first functional Ethereum mobile client on the market made available for use, at least to alpha-testers, developers, and enthusiasts. [Note: This is a press release] Ethereum Mobile Client Alpha Release Status, the Singapore-based company will be offering its Ethereum client application on both Android and iOS platforms. With this alpha release, developers will be able to understand the
Mercedes owner Daimler AG has announced its takeover of PayCash Europe, a provider of Bitcoin payment services alongside others, in a move that will see the corporation venture into mobile payments. Mercedes Buys Bitcoin Services Provider PayCash, which also offers solutions for Bitcoin and cryptocurrencies, is a Luxembourg-regulated licensed e-money transmitter. It will be used by Daimler to launch mobile payments for Daimler products and services under the Mercedes Pay brand. “‘Mercedes pay’ is a fundamental component of
Let’s take a look at what some of Bitcoin’s industry insiders predict for 2017 as general sentiment is more bullish than ever and BTC is eyeing a new all-time high. Tulip? More Like Champagne Bubbles Bitcoin is no stranger to bubbles. In fact, there’s probably a Tulip-mania inspired obituary out there already. But tulips can’t store value long-term, can’t be sent to the other side of the globe in seconds, and certainly can’t live on
The U.S. government has acknowledged monitoring the progression of cryptocurrencies. However, Bitcoin’s transparent public ledger and pseudonymity may allow it to fly under the radar. U.S. Gov’t Monitoring Bitcoin Since Beginning CSRA Inc., which provides information technology services to the U.S. Department of Homeland Security, has confirmed to Newsweek that Bitcoin was under surveillance as early as its initial development. The biggest concern is that the peer-to-peer, trustless monetary network may lead to an unprecedented creation of
Wall Street veteran and Bitcoin enthusiast Tone Vays shared his insights with Bitcoinist on SegWit, Coinbase and the IRS, Ethereum, and Donald Trump. Interview with Tone Vays Bitcoinist: You’ve mentioned on your blog that we need SegWit to pass “for Bitcoin’s future.” Why is SegWit activation so important right now? Tone Vays (TV): I feel that SegWit is very important. It was put together by some of the smartest financial engineers in the world that truly understand the
Bringing extensive experience as an entrepreneur Chandler Guo will advise on market engagement to position WINGS as the de facto project funding platform in the global cryptoeconomy. [Note: This is a press-release] Chandler Guo Joins WINGS Foundation Board (ZUG, CH — DECEMBER 7, 2016) — WINGS Foundation (wings.ai), a decentralized platform to fund and manage projects using decentralized autonomous organization (DAO) technology, is pleased to welcome Chandler Guo to the WINGS Foundation Board of Advisors.
The Winklevoss twins say Bitcoin is “better than gold” as they continue to press for regulatory approval of their Exchange Traded Fund COIN. Bitcoin: The Greatest Social Network of All Following their much publicized legal battle with Zuckerberg the twins were first introduced to Bitcoin in 2012. They were impressed by its possibilities to provide cheap, efficient banking services. Allowing accessibility to these for the ‘unbanked’ also inspired them. Tyler Winklevoss acknowledged: We see bitcoin as potentially the greatest social
A document issued by the Russian Federal Tax Service finally presents the first official position on the status of Bitcoin and cryptocurrencies in Russia, equating them to foreign currency. Also read: IRS WILL TAX YOUR BITCOINS IF THEY LEAVE YOUR COINBASE ACCOUNT ‘No Specific Legislation’ Banning Bitcoin in Russia The formal letter, dated 3 October 2016, states that for legal purposes, cryptocurrencies should be treated as any other foreign currency. These require no financial reporting of
As the UK parliament is on the precipice of passing a new surveillance bill into law, one British engineer is trying to halt its progress through an anonymizing system that runs on top of the Tor anonymity network. Also read: Blockstream Welcomes New Members to Their Team, Hires On Christian Decker OnionDSL: The Tor-based ISP British lawmakers are on the verge of passing a new law that expands the government’s ability to snoop on its citizens, and
February 24, 2016 — Crix.io, a bitcoin trading platform specializing in futures trading by providing the instrument to fix the US dollar (USD) value of bitcoin (BTC) income, regardless of BTC/USD rate changes, is launching a private beta of its platform this month. Disclaimer: This is a press release. Bitcoinist is not responsible for this company’s products and/or services. The Crix.io Trading Platform To join, see the sign-up page at Crix.io and follow the instructions.
Making predictions in the world of finance and payments in 2016 will be quite a challenge as nothing has been set in stone yet. That being said, various emerging trends in the payment industry can’t be ignored. Bitcoin is gaining more popularity all over the world, as traditional finance struggles to keep up with the growing customer demand. Also read UniChange Launches Bitcoin Debit Cards! Global, Open And Real-Time Payments Are Coming There is no
January 23, 2016 – Bitcoin Core launches Social media accounts as well as a public Slack in an attempt to interface more directly with the community. This follows a controversial hashing algorithm change proposal that could have made bitcoin less accessible, altering the utility of the entire specification. Also read: DASH Block Size Increase Reaches Consensus in Less Than 24 hours Negative Response to DOA Hard Fork Dashjr, an influential Bitcoin Core developer,
Over the past few weeks, British Internet Service Provider TalkTalk has been the center of media attention. Not only did the company suffer from a hacking attempt on their customer database, but they also failed to encrypt a lot of sensitive information. To make matters even worse, the company is now denying thousands of victims any form of compensation. Also read: Virtual Private Network: Logging Issues TalkTalk Screws Up Again By Not Offering Compensation Even
A new full-length cryptocurrency feature film is coming to Vietnam in 2016 called “Bitcoin Heist.” The movie starring Suboi, Kate Nhung, Thanh Pham, and Petey Majik Nguyen is a tech-based thriller with an ‘Ocean’s Eleven’ twist. Written by Ham Tran the director of the award-winning “Journey from the Fall” the film creates a planned heist with a futuristic digital touch. Also read: VTech Hack Illustrates Need For Decentralized Data Solutions The teaser released on
BitHappy a new browser that wants to reshape e-commerce with the use of Bitcoin has entered the cryptocurrency industry’s realm. The service is different than most selling platforms currently available, offering an easy to use interface that looks like most anyone could use including Grandma. Users from all around the globe can sell items via what BitHappy calls the “first bitcoin browser.” The company states on their website: “BitHappy enables anyone to buy and sell