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
On November 5 the U.S. government sold the last cache of the Dread Pirate Roberts (DPR) Silk Road stash. The auction saw the sale of over 44,000 BTC, which sold for 17.2 Million dollars. The U.S. Marshals Service (USMS) stated there were 11 bidders and 30 bids placed throughout the sale. On October 9th, the Bitcoin exchange itBit claimed that it had won 5 of the blocks of coins sold during the event. Also read:
At the Money 20/20 conference in Las Vegas, Nasdaq revealed its new trading platform Linq with its first demonstration. The institution revealed earlier this year they would trial blockchain technology to see how it handled share trading. Nasdaq Group CEO Robert Greifeld told the conference the first participants will include Chain, Vera, Tango, ChangeTip and more. Also read: Marijuana Industry Could Still Use Bitcoin “We are extremely encouraged by the initial demand for Nasdaq Linq
China is seemingly buying up a lot of Bitcoin and alternative currencies like gold right now. The devaluation of their currency has been slashed over the course of the past month. The country’s Foreign Exchange Commission has ordered financial institutions to increase its checks and balance controls for capital outflow. Currency wars in the region have led to a massive monetary dump as China’s Black Monday looms and looks to a very rough financial week. This
Carl Force IV, the DEA agent who pled guilty earlier this year will be facing sentencing on October 19th for his crimes as a rogue officer. The crimes committed were extortion, money laundering, and obstruction of justice during the Silk Road investigation and the arrest of the Dread Pirate Roberts (DPR). Force and his colleague Shaun Bridges were known special task force agents who went rogue while working undercover on the Silk Road case. The two
Android users all over the world have been the target of many dangerous types of software over the past years, and there is no end in sight just yet. One of the latest exploits plaguing the Android ecosystem is a new version of the Stagefright bug. Unfortunately for Android users, this latest iteration of Stagefright exploits a vulnerability in MP3 and MP4 files, both are oftenly used media types on mobile devices these days. Also
On October 2 the National Bank of Ukraine warned regional banks and executives of the certain risks using virtual currency. This comes after previous warnings in 2014 with the financial institution giving similar warnings. Due to the Bitcoin conference in Kiev many in the banking community have seen a surge of interest in the digital currency. This newly found enthusiasm can be seen with many participants at conferences and meetings held amongst the Ukrainian banking
Shapeshift.io is the simplest, easiest and fastest crypto currency exchange in the ecosystem that allows for users to instantly trade their digital currencies without even having to register. ShapeShift is how all digital currency exchanges should work. From start to finish users can convert digital currencies in seconds, with no account required. ShapeShift has been building strategic partnerships throughout the Bitcoin and blockchain industry, including Coinomi, Purse.io, Tether, and a new merchant processing agreement reached
ShapeShift.io is an instant Bitcoin and altcoin exchange innovative service. The exchange platform is very popular within the community for allowing users to trade their altcoins instantly without having to register or create an account. Shapeshift.io also allows merchants to receive various cryptocurrencies and trade them for their digital asset of choice. Also read: ShapeShift.io Adds Tether USD to its Instant Exchange Since the beginning of this year, Shapeshift.io has been vigorously growing and introducing new
Yesterday, a security notice was launched in Authy’s blog. An independent security researcher from Sakurity found a bug in the popular 2FA app Authy. Egor Homakov was responsible for finding a Format Injection vulnerability that affected the Authy service through a commonly used open source library.
The New Hampshire-based cryptocurrency start-up ziftrCOIN is excited to announce that ziftrCOINs will be listed on popular cryptocurrency exchanges Cryptsy and Melotic in 2015. This will happen when the coins are going to be released. Cryptsy will also work with ziftrCOIN to integrate with ziftrPAY, Ziftr’s secure API that enables retailers to accept all types of cryptocurrency in addition to credit card payments. Now what is this ziftrCOIN and who created it? ZiftrCOIN was created