Page 4 of 38 FirstFirst ... 2 3 4 5 6 14 ... LastLast
Results 31 to 40 of 379
Like Tree4Likes

Bitcoin and other Cryptocurrencies

This is a discussion on Bitcoin and other Cryptocurrencies within the General Discussion forums, part of the Trading Forum category; Bitcoin News Mash-Up: Primary School Accepts Bitcoin; Charlie Shrem Pleads Not Guilty; and Many More By Forexminute - Yashu Gola ...

      
   
  1. #31
    member BrokersMinutes's Avatar
    Join Date
    Jun 2013
    Posts
    534
    Blog Entries
    245

    Bitcoin News Mash-Up: Primary School Accepts Bitcoin; Charlie Shrem Pleads Not Guilty; and Many More

    Bitcoin News Mash-Up: Primary School Accepts Bitcoin; Charlie Shrem Pleads Not Guilty; and Many More

    By Forexminute - Yashu Gola | Bitcoin | Apr 30, 2014 6:21PM BST






    Cyprus: Primary School Accepts Bitcoin

    Cyprus’s Limassol based The Lighthouse Progressive Primary School recently announced to accept Bitcoin as payment for monthly student fees. The educational body is known to offer a comprehensive educational experience for children between the ages 5 and 12 years. The news was announced in the Reddit Bitcoin sub-forum by Marios Neocleous, parent of a student at The Lighthouse School, who suggested to the authorities of the institution to accept cryptocurrencies.

    Stefan Molyneux YouTube Channel Reappeared


    Freedomain Radio, the official YouTube channel of the Canadian philosopher Stefan Molyneux, reappeared after disappearing for a few hours. The online space, in which the libertarian intellectual freely express their views, has over 150,000 subscribers and over 50 million downloads. It is suspected that the channel was removed due to a controversial speech given by Molyneux last Friday in Amsterdam, Netherlands, entitled "Bitcoin vs. Political Power.” Removal of channel triggered a wave of criticism from philosopher’s fans and listeners worldwide, after which the channel was restored to its online space.

    Charlie Shrem Pleads Not Guilty in Courthouse

    Charlie Shrem, former vice president of the Bitcoin Foundation and former CEO of BitInstant, pleaded not guilty before the Federal Court in Manhattan, New York, United States. The young entrepreneur is charged for alleged money laundering worth over USD 1 million. Shrem’s trial will now be held on September 22 this year.

    FinCEN: "Mining Services Are Not Money Transmitters"


    FinCEN, a state agency allocated for monitoring financial crimes in the United States, issued new rulings to indicate that both the cloud mining and escrow services [related to Bitcoin] should not be considered money transmitters. The announcements come after requests from some companies regarding to further clarify the FinCEN policies.

    More...

  2. #32
    member BrokersMinutes's Avatar
    Join Date
    Jun 2013
    Posts
    534
    Blog Entries
    245

    China Construction Bank Won’t Allow Bitcoin and Litecoin Payments

    China Construction Bank Won’t Allow Bitcoin and Litecoin Payments

    By Forexminute - Deepak Tiwari | Bitcoin | May 4, 2014 7:00AM BST




    As China's central bank hammered the companies that accept Bitcoin in the country, China Construction Bank had no option but to announce that it won't allow clients to use their accounts for transactions related to Bitcoin or Litecoin. However, China Construction Bank is not the only company that has announced so, Alipay and China Merchants Bank are others.

    Currently, China Construction Bank is one of the "big four" banks in the People's Republic of China. In fact, in 2011 it was the second largest bank in the world by market capitalization and 13th largest company in the world and its decision to accept the digital currency was considered one positive indication among the supporters.

    However, now that it is the second major bank, after China Merchants Bank, to announce that it won’t accept Bitcoin and Litecoin, it looks like the digital currencies would be facing a lot of trouble in the sense that major financial organizations don’t seem to have the will to contest against the decision from the central bank of China.

    Earlier in March this year, the central bank of China warned of the risks of trading in Bitcoin. It even went to the extent to ask banks and third-party payment agencies not to enable Bitcoin transactions and shut related accounts by April 15. The government watch dog then came across with some organizations that still accepted Bitcoin after April 15.

    To shut all these entities permanently, the central bank of China again issued a warning and forced most Bitcoin trading platforms to shut their operations. On April 22 the central bank of China convened a meeting of executives of more than 20 commercial banks and third-party payment companies who deal with Bitcoin to discuss important issues.

    Will the Existing Bitcoin Platforms Move Out from China?

    The bank demanded that the commercial banks suspend transactions and close current accounts with transactions related to Bitcoin. The latest decision on the part of China Construction Bank is in pursuance to the same demand from the central bank of China. Now, the risk is also looming large on the existing Bitcoin platforms.

    If the local news reports are to be believed the existing Bitcoin platforms will probably have to move overseas, and Bitcoin trading will go underground in China. The times for Bitcoin are not as bright as they were some months ago; however, this does not seem to have any impact on Chinese investors who on the contrary have become the most active ones in the world.

    More...

  3. #33
    member BrokersMinutes's Avatar
    Join Date
    Jun 2013
    Posts
    534
    Blog Entries
    245

    The MIT Bitcoin Expo Begins, More Than 300 Participate

    The MIT Bitcoin Expo Begins, More Than 300 Participate

    By Forexminute - Deepak Tiwari | Bitcoin | May 6, 2014 8:02AM BST


    The Massachusetts Institute of Technology is the most happening place for Bitcoiners now as more than 300 students, faculty and community members gathered to hear about what many at the MIT Bitcoin Expo, the world’s first Bitcoin economy. Organized by Jeremy Rubin and Dan Elitzer, the event according to attendees was a huge success.

    Jeremy Rubin and Dan Elitzer, the two organizers raised more than $500,000 in Bitcoin to distribute $100 in Bitcoin to each student at the beginning of the 2014 fall semester. Some other contributors for the event included HackMIT, the College Cryptocurrency Network and the MIT Society of Women Engineers.

    The participants attended the program which gave first hand idea about the digital currency and its modus-operandi. It also gave several perspectives from leading academics and professionals who discussed and debated why Bitcoin and cyptocurrencies represent one of most exciting developments in decades across the fields of cryptography.

    Most of the speakers with plenty of experience and expertise elaborated the Bitcoin economy from various aspects e.g. distributed computing, graph theory, finance, and economics. The event also included a workshop where expert practitioners were introduced to tools for interacting with the code that lies at the heart of Bitcoin.

    The much awaited event that was meant to introduce new business to the Bitcoin economy gave insightful perspective on the digital currency. According to the organizers of the expo the event was aimed at exposing the tools and know-how needed to contribute to the experiments that are being carried out unabatedly these days.
    In his interaction with the media, Bitcoin Foundation chief scientist Gavin Andresen said that his organization aims to make students aware of the tools and resources available to them so they can start working on projects related to Bitcoin.

    The projects whether that is building some sort of new product or service, contributing to an open source project, or joining up with an existing venture, according to him is vital for those who wish to know about the digital currency’s future.

    Panel Discussions and Discourse on the Digital Currency


    According to the sources at the Bitcoin Expo, the first half of the day was comprised of panels focusing on a wide range of topics surrounding the digital currency. For instance, a lot of insightful views and opinions were shared by the honorable speakers at the event that got instant appreciation from all segments of users.

    More...

  4. #34
    member BrokersMinutes's Avatar
    Join Date
    Jun 2013
    Posts
    534
    Blog Entries
    245

    India Gets its First Bitcoin Exchange Platform

    India Gets its First Bitcoin Exchange Platform

    By Forexminute - Yashu Gola | Bitcoin | May 6, 2014 7:25PM BST





    India now is face to face with the emerging Bitcoin technology. After 5 years since the launch of this digital currency, Bitcoin will now be available to trade in India thanks to a new Bitcoin trading platform, that launched just yesterday.

    Dubbed as BTCxIndia, the new and first real time Indian digital currency platform throws hints of being another BTC China with an ‘X’ factor. Although India itself shows the potential of being another China in the context of digital currencies. Likewise China’s regulators, India’s finance regulatory body Reserve Bank of India (or RBI) too has a balanced stand on Bitcoin. In December 2013, the latter issued a warning to Bitcoin users, trader and holders, informing them about the currency’s ill-effects.

    “At present what we are saying is neither we regulate [Bitcoin] nor we support them,” said the RBI’s deputy governor KC Chakrabaty. “Regulation comes only when people are doing certain business and we come to understand that something wrong is happening. First of all we don't understand this subject.”

    The deputy-governor clearly suggest that the people, as well as the government in the end, cannot take a definite stand against the Bitcoin as they are not fully equipped with its functionality. There is although a very great chance for the Indian regulator to at least consider allowing Bitcoin trades in the near future, even if they do so by taxing the digital coin.

    Coming back to the BTCxIndia, the platform is registered under Companies Act 1956 with corporate identity number U67190AP2013PTC091266. BTCxIndia guarantees to be a secure and transparent platform, offering “same level of log-in and account security as used by the established financial institutions.” The platform also promises to store customers’ money offline to counter it from malicious online attacks.


    More...

  5. #35
    member BrokersMinutes's Avatar
    Join Date
    Jun 2013
    Posts
    534
    Blog Entries
    245

    Bitcoin for Beginners: How to Mine Bitcoins Part 3 – Investment

    Bitcoin for Beginners: How to Mine Bitcoins Part 3 – Investment

    By Forexminute - Yashu Gola | Bitcoin | May 7, 2014 8:07AM BST





    This is the third part of the series "How to mine Bitcoins". Therefore, before continuing, it would be advisable for you to read the previous articles of the same series. If you have already been there, then please continue.

    In this tutorial, we will discuss the certain investments a miner has to make before starting to mine Bitcoin. The first question to arise inside the child-like mind of any Bitcoin novice is “Is Bitcoin mining accessible to me?” To be frank, the answer to this question varies according to the situation. But in order to enable the reader to build a possible situational picture, we will attempt to answer it.

    Assuming you already have a computer – any computer. In theory, you are already eligible to mine. Using your current CPU or GPU (See Tutorial 1), you are all set to start producing Bitcoins and you would not even require any low to bulky initial investment either. This is very good news, especially for all the gamers out there.

    But wait, that's just theory; today, in practice, CPU mining is not even close to being efficient, not all graphics cards are going to serve us when we will put our miner helmets on. (More details about this in coming articles)

    How much should I invest?

    The answer to this question is difficult. As in any investment, one should do a risk/benefit analysis before acting. We suggest readers that before undertaking any kind of investment, understand what Bitcoin is, how it works, what problems they solve, what is their potential, their risks, etc. They should not invest in something that is unknown or only guided by what others say; gamer forums are a clear example of this. When you invest your money you're not a gamer, you are an investor.

  6. #36
    member BrokersMinutes's Avatar
    Join Date
    Jun 2013
    Posts
    534
    Blog Entries
    245

    Colorado Congressman Becomes First Politician to Accept Bitcoin Donations under New FEC Rules

    Colorado Congressman Becomes First Politician to Accept Bitcoin Donations under New FEC Rules

    By Forexminute - Deepak Tiwari | Bitcoin | May 10, 2014 1:42AM BST




    Jared Polis may become the first politician to collect bitcoin donations for his campaign war chest under the new Federal Election Commission rules.

    Polis, a Colorado congressman, rushed in immediately to give bitcoin devotees a chance to contribute to his campaign on Thursday after the FEC said that donations in the digital currency are legal. Polis plans to campaign for his re-election this November.

    Polis launched a website that allows bitcoin users to campaign for him. Within 24 hours, over $1000 worth of bitcoins was donated to his campaign, reported the New York Times.

    FEC’s ruling was as a result of intense lobbying from Make Your Laws PAC, a North Carolina-based political nonprofit that states its mission is “to allow normal citizens to directly participate in every aspect of their legislative process worldwide”.
    Polis is no doubt proud of his feat; In fact he told the Times that he was the first politician to accept bitcoin donations as per FEC’s new rules.
    “I think there were one or two that toyed around with [bitcoin contributions] before these rules came out,” Polis said. “But under the actual permission from the Federal Election Commission, we’ve been working on this for weeks expecting that a ruling would occur, so we were able to go live within hours of the ruling.”‘

    Bitcoin is a virtual currency that exists free from control from any government or central bank, and also offers its users anonymity. It has rapidly gained popularity partly due to its acceptance by an increasing number of businesses. However, most governments have expressed concerns that the currency may be used for money laundering or purchase of illegal arms and drugs. China has recently taken measures to further restrict its use by ordering local banks not to deal with the currency.

    More...

  7. #37
    member BrokersMinutes's Avatar
    Join Date
    Jun 2013
    Posts
    534
    Blog Entries
    245

    The Winklevoss Bitcoin Trust to be Listed on the NASDAQ Stock Exchange

    The Winklevoss Bitcoin Trust to be Listed on the NASDAQ Stock Exchange

    By Forexminute - Deepak Tiwari | Bitcoin | May 11, 2014 5:00AM BST

    After the Securities and Exchange Commission or SEC issued a warning to investors about Bitcoin as it feels the investors are at risk, Cameron and Tyler Winklevoss, disclosed in a regulatory filing that they had chosen to list their Bitcoin exchange-traded fund, the Winklevoss Bitcoin Trust, on the NASDAQ stock exchange.

    The twin brothers were first among the investors who thought that Bitcoin futuristic payment method for international transactions was worth investing in. Cameron and Tyler Winklevoss are known for their legal battles with Facebook's co-founder, Mark Zuckerberg wherein they got attractive compensation after successful settlement.

    Earlier the SEC said that Bitcoin created new "concerns" for investors and for that reason several regulatory bodies and watchdogs issued their warning for investors. In fact, the Federal agencies have been scrambling to figure out how to regulate Bitcoin since the collapse this year of Mt. Gox caused a huge loss for investors.

    As the two entrepreneurs don’t want to get caught in hassle, they came up with this idea to register with NASDAQ. The SEC in an alert posted to its website said that a new product, technology, or innovation such as Bitcoin has the potential to give rise both to frauds and high-risk investment opportunities.

    The warning message also reads that investors should keep utmost care while investing with a Bitcoin firm. The Winklevoss brothers have invested in Bitcoin companies, including the exchange BitInstant, and at one point owned more than $64 million of virtual currency itself. Earlier in February, the twins started the Winkdex.

    Winkdex is their own index to measure the price of Bitcoin, to work in conjunction with their proposed Bitcoin ETF. The twin brothers want to give investors an easier way into the market. Like SPDR, the widely used gold ETF. According to Cameron Winklevoss the goal of his company is to make it as similar to the gold E.T.F. as possible.

    Cameron Winklevoss further added that his company is trying to reduce the friction of purchasing Bitcoin and securing it. Bitcoin has seen tremendous appreciation in its exchange value in the last one year. When Bitcoin came to existence, it was valued near to 20 dollars each; however, in October 2013 it reached to 1200 dollars.

    Bitcoin is receiving acceptance from mainstream businesses and the wider adoption by both consumers and technology entrepreneurs helped the price skyrocket to more than $1,000 at one point last year.

    More...

  8. #38
    member BrokersMinutes's Avatar
    Join Date
    Jun 2013
    Posts
    534
    Blog Entries
    245

    Chinese Virtual Coin Firms to Circumvent PBOC Onslaught by Going Offshore

    Chinese Virtual Coin Firms to Circumvent PBOC Onslaught by Going Offshore

    By Forexminute - Deepak Tiwari | Bitcoin | May 12, 2014 10:19PM BST



    Chinese bitcoin companies are planning on sidestepping the government crackdown on the virtual currency.

    The currently biggest exchange in China, Huobi, is thinking about moving operations international to protect its customers.
    “We are trying to create an offshore account and to go international. We don't want to touch the customers' money in China, because maybe [regulation] is going to get worse,” Leon LI, founder and CEO of Huobi told the South China Morning Post.

    Before PBOC’s restrictions took effect, it was possible for customers to deposit or transfer money through the company’s account in mainland China. Such transactions may not be possible in future; with offshore accounts being an alternative way around mainland’s stringent banking system.

    Li was among chiefs of the five most dominant bitcoin firms in China, who didn’t attend an international bitcoin meeting in Beijing over the weekend to avoid raising the gathering’s profile.

    "You can see the pressure being applied from different angles," said Bobby Lee, the CEO of BTC China and who also never attended the weekend gathering.

    Lee said his bitcoin exchange that’s based in Shanghai had resorted to use of paper vouchers to handle transactions while avoiding mainland financial institutions.

    Since China started the crackdown on bitcoin, the country’s biggest banks have severed links with bitcoin. The Industrial and Commercial Bank of China, the largest bank in the world by assets and market capitalization, has just cut ties with the virtual currency, entering the list of others that have moved in that direction.

    Lee, who formerly engineered for Yahoo, said the measures on bitcoin meant that traders on the mainland were unwilling to deal in the digital currency.

    According to Coinreport, Hong Cheng, managing director of a bitcoin ATM maker BitOcean, said that if China continued to mount pressure on bitcoin, his company would relocate elsewhere in Asia.

  9. #39
    member BrokersMinutes's Avatar
    Join Date
    Jun 2013
    Posts
    534
    Blog Entries
    245

    Electronic Store CeX to Allow Bitcoin Exchange

    Electronic Store CeX to Allow Bitcoin Exchange

    By Forexminute - Deepak Tiwari | Bitcoin | May 13, 2014 10:27PM BST





    A UK high Street exchange CeX for games and electronics will allow its customers to pay in bitcoins for three days per week.
    CeX commercial director David Butler said that bitcoin enjoyed several security and access advantages on top of being a currency that’s gaining popularity on a global scale.

    Bitcoin was invented in January 2009 and is mined by means of peer-to-peer network that’s outside the realm of banks.
    The virtual currency can be transferred from one person to another. An entire digital currency network authenticates each transaction.

    CeX’s Glascow branch has put bitcoin on trial for the next three days and has already performed well, according to Express.
    Shoppers are being shown how to trade pounds for bitcoins by slotting banknotes into a machine before the transaction is reflected on the digital account.

    Just like conventional money, bitcoin price fluctuates, although this morning it exchanged at 0.00386 to the pound. Product prices are then changed to show the difference in value between the two currencies.

    Unlike other currencies, the virtual currency is not controlled or regulated by a government, bank or any other central authority.

    One shopper said he walked into the store intending to buy a few DVDs only to realize he could only purchase by using the bitcoin machine. Ben Griffiths said he found the experience good, although he was helped by the staff to know how to pay via the machine.

    The shopper said he was willing to make purchases using the virtual currency if it was available in other stores.

    Butler said that the halting of payments in the sterling pound had no political connotation.

    “While we are temporarily dropping the pound from our Glasgow store, at a time when Scottish independence is high up on the news agenda, we are doing so to give customers a choice in how they trade with us," Butler is quoted by Sky as saying.

  10. #40
    member BrokersMinutes's Avatar
    Join Date
    Jun 2013
    Posts
    534
    Blog Entries
    245

    Coinbase.com Distributes Free Bitcoins to College Students

    Coinbase.com Distributes Free Bitcoins to College Students

    By Forexminute - Yashu Gola | Bitcoin, Cryptocurrency News | May 15, 2014 9:24AM BST



    In one of the most progressive steps to expand Bitcoin’s territory, popular Bitcoin online wallet Coinbase.com has decided to give away free bitcoins to college students. To avail this gesture, students are only required to make an account on Coinbase.com using an ‘.edu’ email address.

    The news comes right after the recent announcement of two MIT students that raised $100 worth Bitcoins for the undergraduates in the campus. In their announcement, Coinbase itself has mentioned the aforementioned fundraiser to be its sole inspiration. “We were inspired by this project and hope we can contribute to the growing interest of bitcoin among college students,” it said.

    How Such a Give Away Can Boost Bitcoin Popularity?
    A learning mind is always open to new ideas and innovations. And what can be a better audience for Bitcoin but a student who will believe to improve the technology, rather than reject it downrightly. We believe what Coinbase, and those MIT students, are doing is preparing a future generation for an open and transparent economy, which is controlled by people for the people. The liberal minds, when accumulated together, can create wonders for digital currencies. This give away might be a small step towards that direction, but it will surely open the gates for many customers and innovators to understand and implement the Bitcoin technology.

    Is Coinbase's Idea a Success?

    Yes indeed! The website has listed a leaderboard, which lists the most popular universities, alongside the number of students, which have taken advantage of the Coinbase new scheme. The leading university domains belong to Illinois, Utexas, Berkeley, Purdue, Drexel, and many others.

    As a true Bitcoin enthusiasts, ForexMinute.com praises Coinbase for their efforts and urges our readers (who are students) to try out this revolution called Bitcoin.

Page 4 of 38 FirstFirst ... 2 3 4 5 6 14 ... LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •