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Polish Company Shares Now Available in Bitcoin

By Forexminute - Deepak Tiwari | Bitcoin | Oct 24, 2014 11:12PM BST




A Polish company, InPay S.A., has become the first company in the world that is selling its shares in exchange of Bitcoin. The announcement came in the form of a press release wherein it says that the sale has just launched on the equity crowdfunding site Beesfund.com. This is an attempt to get equity crowdfunding raising capital thanks to the online community.

The press release from the organization says that unlike the reward-based crowdfunding, made popular by sites such as Kickstarter, Indiegogo or RocketHub, in equity crowdfunding people who are involved in financing the company receive personal shares. Thus, according to the company this is the best option for it.

Nonetheless, InPay S.A. had enabled the purchase of shares through Bitcoin and thus, became the first company to do so. The company says that this solution is proposed as a first by the Polish equity crowdfunding site Beesfund.com which is able to offer the purchase of equity from companies looking to raise capital.

The First Payment System in Central Europe to Offer Such a Solution

InPay is the first such payment system in Central Europe as according to the company up till now similar solutions on the continent had only been created in the UK, Sweden, Holland and Denmark. One recent example was from billionaire Richard Branson, an American company BitPay, which also has ambitious plans as well.

Nonetheless, some countries of the world have been behaving belligerently against Bitcoin, Poland stands out in it. It has shown great level of interest in Bitcoin and its practical applications. In fact, the country is in the global Top 10 in terms of regional interest of Google searches (last 30 days, source: Google Trends).

In his statement to media Arkadiusz Osiak, chairman of the board of InPay S.A. said that in the world as a whole, mainly in the US around 60 venture capital investments have been made in companies linked to Bitcoin. He also added that the most recent examples, in Blockchain or Bitfury, have reached 30-40 million dollars.

According to him the subject of Bitcoin in both the USA and UK is taken more seriously than in Poland. Similar views were shared by Lech Wilczy

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Recognized marketing communication brand, J. Walter Thompson (JWT) recently acknowledged the potential role of Bitcoin as a future payment scheme. The analysis was a part of a full-fledged trend report, titled ‘The Future of Payment and Currency’, which thoroughly discussed the array of new ways to trade money.

It is the first time when a world renowned marketing brand like JWT has openly spoken about the potential of cryptocurrency trades in future market. The 150-year old, New-York-based company has been a marketing guru for many of the reputed brands like Nike, Nestle, Canon and others. Their market analysis is considered second-to-none which, in a way, works well in case of Bitcoin as well. JWT’s new report outlines a multitude of broad trends, drawn neatly into multiple sections like New Ways to Pay, New Forms of Value Exchange, New Payment Players, etc. Each section directly/indirectly refers to the revolution Bitcoin has brought to the ecommerce industry.

“The case against cash and physical cards is getting stronger, with Millennials already moving away from the status quo and adopting some alternative ideas,” writes JWT’s trends strategist Nick Ayala, author of the report. “With today’s technology, it doesn’t make sense that we mostly still rely on cash, debit and credit cards to pay for things.”

Ayala’s analysis is hugely based on the consumer behavior expected from the current/future internet generation, which he referred as ‘Millennials’ in the quote above. According to him, they are more likely to show interests in using the alternative forms of payments, mainly like mobile and social media payment methods. Lucie Greene, worldwide director of JWT Intelligence, further adds:

“Our whole idea of value, exchange and currency is being disrupted with new systems that trade in trust, social currency and other commodities. People are finding new ways to trade, and brands are enabling this by creating alternative payment and currency systems.”

And it is indeed correct, tells the revenue report of few leading retails that stated to accept Bitcoin as a mode of payment. Overstock.COM CEO Patrick Byrne has once agreed that Bitcoin has added a 4-cent value to each of their share, later predicting the total Bitcoin sales to cross the $6 million mark by the end of 2014. Companies like Dell and Expedia also recently integrated Bitcoin in their respective payment platforms, and later reported decent outcomes from the US market.
According to CoinDesk.COM, over 63,000 merchants all across the world are accepting Bitcoin. The figure might cross the 100,000 mark by the end of this year.


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EURUSD has recently broken below the bottom of the rising channel forex pattern on its 1-hour time frame, indicating that the downtrend might resume. Before that happens though, a quick pullback might be in the works after price found support near the 1.2600 handle.

Using the Fibonacci retracement tool on the downside break indicates that the 61.8% Fibonacci level lines up with the broken channel support and is close to the 1.2800 major psychological mark, which might serve as EURUSD resistance. Stochastic is already in the overbought area, suggesting that*selling pressure could return.

EURUSD Trade Setup

For now, the pair is testing the 38.2% Fibonacci retracement level, which lines up with the 100 simple moving average. This short-term SMA has just crossed below the longer-term 200 SMA, indicating that selling momentum is building up. MACD, however, indicates that buyers may still be in control for now.

Take note that the 200 SMA is close to the 50% Fib, which might also act as near-term resistance for EURUSD. Shorting at any of the Fib levels with a stop above the 1.2800 handle or back inside the channel could yield a good return on risk if one aims for new lows. Moving the stop to entry once price tests the 1.2600 area could be a good way to limit exposure.
Event risks for this EURUSD trade include the release of the German Ifo business climate index, which might reflect a small drop in optimism. If the actual figure comes in stronger than expected though, EURUSD might be in for a higher bounce. A weaker than expected report could push the pair southbound again.

Another report to watch out for today is the US pending home sales data, which might reflect a 1.1% gain after losing 1.0% in the previous month. A stronger than expected recovery could lead to a sudden dollar rally, which might be enough to push EURUSD below 1.2600.


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EBAY Shares Testing Double Top Neckline – Oct 28, 2014




EBAY shares may be ready to resume their decline, as price is testing the broken neckline support around $52/share. Recall that EBAY shares sold off sharply after this reversal pattern was seen on its daily time frame.
Price has found support at the $49/share area and showed a quick bounce, with MACD suggesting that further gains are possible. If so, EBAY shares could climb to test the SMA resistance around the $53/share level.

EBAY Shares Forecast

RSI is also suggesting a continuation of buying momentum, as the oscillator made it to middle ground after climbing out of the oversold area. Further gains could take EBAY shares to the previous tops at $57/share.
On the other had, a resumption of selling momentum might lead to a test of the previous lows at the $49/share level or perhaps the formation of new ones, depending on the outlook for the company.
Just recently, news of another scam on Ebay popped up, reviving fears of security threats on its online accounts. Reports show that users might be redirected to various buying sites and a login page that resembles that of Ebay, which then prompts clients to enter account information. This enables the scammers to hack into online accounts and possibly use valuable information for fraudulent activities.

This could weigh on Ebay shares moving forward, as the previous security threat already resulted to considerable losses for its stock price. This could also wind up discouraging e-commerce activity on the site as well, which might lead to lower revenues and profits later on.

Risk sentiment is also against further stock gains for the time being, although other companies such as Apple have been more resilient. The upcoming FOMC interest rate statement could set the tone for market sentiment in the US economy for the rest of the year.


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AUDUSD finally made a forex breakout from the triangle consolidation pattern it has been moving in for almost a month, indicating that further gains could be in the cards. As you can see, price made higher lows and lower highs, creating a symmetrical triangle on its 1-hour time frame.
The pair recently climbed past the .8800 major psychological resistance at the top of the triangle, which is approximately 300 pips in height. This suggests that the resulting rally could be of the same size now that the forex breakout is confirmed.

Forex Breakout Risks

Stochastic is almost in the overbought area though, indicating that buying momentum might weaken soon. If this happens, price might pull back to the broken resistance area near .8800 before heading any higher. After all, the 100 and 200 SMA support zones are also in line with the triangle resistance, which might serve as a line in the sand for any near-term retracements.

A break below this support area could signal that the forex breakout was a fakeout and that AUDUSD might be back in consolidation mode. Event risks for this forex breakout setup include the FOMC statement, which could confirm whether or not the Fed is looking to hike interest rates early next year.

Bear in mind that the previous FOMC statement turned out dovish, as Fed Chairperson Yellen indicated that inflationary pressures are weak and might wind up hurting overall economic growth. Policymakers agreed that it might be too early to tighten, although the end of the stimulus program is likely to take place this week with the final taper of $15 billion.
Postponing the last set of their taper plan could lead to massive losses for the dollar, as it would show that the US central bank is increasingly worried about deflation and the threat of a euro zone recession. This could lead to more losses for the dollar and an extended rally for AUDUSD.


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When Forex Trading became a reality for the average retail trader, a lot of e-books cobbled up trading advice that made forex trading look like a walk in the park. Many novice traders followed the advice blindly only to be disappointed later when their accounts got drained. Even though there are many people who have become very successful trading currencies with top platforms such as www.usgfx.com. The truth of the matter is that you need an edge for long-term success in forex trading. The edge is what will, over time, end up making you more money than you lose.* You need to identify the edge for you to become successful.

Here are 3 forex trading tips that will set on your way to success:

1. Using a Simple Forex Trading Strategy

Your forex trading strategy is comprised of two main parts:

• Setup: The setup is what constitutes a good trading opportunity.
• Trigger: Once the setup is in place, what will act as the trigger for you to act?

You need to find something that you can understand and replicate; something that has a high probability of earning you more points/pips than losing over the long-term. One of the simplest trading systems is using the support and resistance levels and trading anything that violates them. Keeping things relatively simple makes it much easier for you to master a system you can easily replicate. Too many moving parts are likely to end up confusing you.

The biggest drawback to this method is that some traders might find it difficult to quantify the various setups and triggers. Luckily, there are trading tools that can do this for you. All the setups are mechanical in nature, which implies that the trading tool will inform you of any trading opportunities every time a set of certain variables such as targets, entries, and stops are met.

1. Proper Money Management

Money management might not be the most glamorous topic on Forex trading, and yet is one of the most important. Nobody can tell you how much money to trade, though the standard quote is 1%-2% of your account balance. For new traders, consider trading just 0.5% of your account balance. This is a level that will allow you to make multiple trades while learning the ropes. Make sure that your stops are a demand and not just a mere suggestion.

1. Using RSI Correctly

The RSI, or Relative Strength Index, is one of the most frequently used Forex trading indicators. The RSI helps you determine the trend, time your entries and so on. It’s a tool worth learning how to use. Here are some good, but often neglected tips about using RSI.

• Think beyond Crossovers: Many traders tend to focus a lot of their attention on oversold and overbought values when using the RSI. Even though these are important points for entries and retracements, using them excessively can be counterproductive, especially in strong trending environments since extended trends can keep the RSI oversold or overbought for long.
• Watch the Center Line: All oscillators, including the RSI, have a center line that many traders tend to forget. The RSI centerline is located in the middle range with a reading of 50. RSI readings above 50 are considered bullish and below 50 bearish.

These are a few forex trading tips that will help you improve your style of trading and improve your results. Even though there are many forex platforms, concentrate on only the best. Therefore a tried and tested forex platform is www.usgfx.com that’s great for both beginner and experienced traders.


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Facebook Shares Gap Below Support Area, More Losses? – Oct 30, 2014

By Forexminute - Jonathan Millet | Stock Tips | Oct 30, 2014 3:17AM GMT




Facebook shares have been trending higher lately, finding support around the 50 simple moving average so far. However, the stock price recently gapped below the dynamic inflection point, indicating that the recent uptrend might turn.

MACD is suggesting a pickup in selling pressure, which might last until the previous lows around $70/share. Further losses could take Facebook shares down to the 200 SMA, which is another dynamic support area.

Facebook Shares Outlook

On the other hand, a return in buying momentum might lead to a climb back to the 50 SMA and a continuation of the uptrend. This might take Facebook shares to its previous highs at $80/share and beyond.

The company’s third quarter earnings report may have been the primary reason for the gap lower, as Facebook shares dropped 6% when the report indicated that the company hasn’t made any detailed plans for the acquisition of WhatsApp. Even though Facebook showed gains in earnings per share, investors seemed disappointed that the social media company hasn’t outlined its plans to profit from the WhatsApp purchase.

A closer look at the financials indicates that WhatsApp is actually losing money, weighing further on Facebook shares. After all, the app doesn’t show ads and simply has a $0.99 subscription fee for users after a year. Apart from that, there are no major revenue sources for the platform.

Another factor that may have spurred the drop was the FOMC statement, which indicated that the Fed has no plans of hiking rates any time soon. This may have sparked weak risk sentiment among equity traders, leading to profit-taking off the recent highs in anticipation of more losses down the line. The Fed did end its QE program with the final taper of $15 billion, which indicates that there is no stimulus in the US economy right now and it might be vulnerable should a euro zone or global recession kick in.



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Jon Matonis Says His Farewell to Bitcoin Foundation

By Forexminute - Yashu Gola | Bitcoin | Oct 30, 2014 4:37PM GMT




Jon Matonis today took Twitter profile to convey the entire Bitcoin community about his resignation from the Bitcoin foundation. He is credited among the organization’s early founders and was serving there as an executive director. Alongside, he further hinted to resign from the board of directors group by the end of December 31st this year.

Matonis’s empty seat will soon be taken by the Bitcoin Foundation general counsel Patrick Murck, temporarily. The organization is scheduled to conduct internal elections in January 2015, where Matonis’s permanent successor will be voted in. This election will also look forward to appoint new members for the positions left by Peter Vessenes and Gavin Andresen earlier this year.

Matonis voiced his sentiment to the leading Bitcoin news website CoinDesk.COM, where he wished his ex-group for a wonderful future, while also announced to always promote Bitcoin industry in his upcoming ventures. “Leading the Bitcoin Foundation has been [the] once-in-a-lifetime opportunity,” he quoted. “Merging the diverse interests of the bitcoin community has been intellectually and professionally stimulating and now it is time to pass the baton.”

During his tenure at the Bitcoin Foundation, Matonis worked in expanding Bitcoin’s reach all across the world. As an executive director, he successfully launched the group in the UK, Australia, Mexico, and France. He also became a renowned figure within the Bitcoin community thanks to its constant participations in high-end discussions, conferences, official blog posts, and via several other mediums.


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Australian law enforcement agency Victoria Department of Justice is planning to auction Bitcoins worth around $9.6 million. The would-be-auctioned digital currency units was seized from a Silk Road drug dealer.

The arrested individual, named Richard Pollard, was recently sentenced 11 years jail time by a local court, which subsequently transformed his illegal assets the property of the government. The seized assets included $58,000 in cash, along with three bitcoin wallets carrying a total sum of 24,518 BTC – all earned apparently from “a relatively large and sophisticated drug-trafficking business”, as per told by Judge Paul Lacava.

This might be the third-time in this year when Bitcoin has proved itself to be a great drug-trafficking tool. At first, Feds arrested Silk Road alleged founder Ross Ulbricht and later sold over $19-million worth Bitcoin seized from his multiple wallets. Then once again in Australian, a Bitcoin ATM operator was arrested on the charges of promoting drug businesses within the nation. Though, no Bitcoins seizure was reported in this case, at least officially.

A broader view displays that the involvement in drug-trafficking or money laundering might not be the only cases where Bitcoin gets seized. A France-based Bitcoin exchange recently was busted over the cryptocurrency regulatory issues in the country. There almost 388 BTC, and other valued assets were busted as well. Money laundering, in this case, was one of the charges made against the owner.

The only cryptocurrency that can get some benefits from such regular busts is Darkcoin, which has launched itself as an anonymity-offering alternative to the Bitcoin. The coin’s pet platform Darksend include some tried-and-tested methods to obfuscate transactions, such that they could never be traced back to the persons who sent or received them at first place.

In the meantime, let us wait for the government to add 24,518 BTC back to the market. It might affect the price in future, same as what happened during the Fed’s auction.


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Boost VC recently closed an oversold round of funding in which it garnered around $6.6 million. The venture capitalist firm further announced to direct these funds to its fourth tribe, which include a total of 25 companies. Among them, 15 companies belong to the Bitcoin industry.

The worthy companies that have been selected in the fourth tribe include debit card providers, video news platform, smart derivative contractors, software developers, and others. For an accelerator company that holds a 95% success rate in creating successful businesses, Boost VC truly comes handy for upcoming cryptocurrency technologies like Bitcoin.

“Since the inception of Boost in February 2011, we have worked on picking good people, and it’s working,” said Boost Founder, Adam Draper. “Our focus over the past three years has been to find the most innovative people starting world changing companies. We are interested in everything from Enterprise to Rockets, 3D printing to Bitcoin… and anything that gets us closer to building an Iron Man suit.”

As specified in their press release, Boost VC is planning to invest in at least 200 companies over the period of three years. In the meantime, their will focus hugely on Bitcoin-related ventures. Alongside capital, these ventures will receive a platform to showcase their services to noteworthy speakers, potential investors and influential mentors. Such an exposure is likely to boost Bitcoin awareness among other venture capitalists and none the least, the consumers.

If you have a great Bitcoin-centered idea, try selling it to them.

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