bitcoin

Bitcoin has breached $690. Needham is out with a research paper with lots of pretty charts setting a target of $848. Here’s a one month chart of Bitcoin vs Gold. But the real news of the day is the launch of a new Cryptocurrency called Zcash. Zcash has nailed the hype machine. They are releasing the first 100 coins today. Zcash …

Bitcoin is up 3% on a day the Sterling and other currencies scramble to avoid the gravitational pull of the blackhole of their central bank policies and deals made with the devil (extra EU). The Dollar is the least worst place to be in fiat so it rises in comparison. How much longer will that last? Tomorrow the SEC either …

For those of you interested in a primer on Bitcoin here are two great resources. I’ll answer any questions the best I can. First, here is a speech (video and text transcription) by Andreas Antonopolous on Bitcoin. He wrote Mastering Bitcoin and The Internet of Money. Andreas hits on several comparisons for Bitcoin including: the earliest writings were spreadsheets (a primitive blockchain), …

Bloomberg reports Bill Gross has the following to say about Bitcoin: New financial technologies such as bitcoin may become increasingly attractive to investors as a protection against central bank low- and negative-interest-rate policies that threaten capitalism, according to billionaire bond manager Bill Gross. “Bitcoin and privately agreed upon blockchain technologies amongst a small set of global banks are just a few …

The SEC deadline to approve the Winklevoss Bitcoin ETF is October 12. This has been in process for almost three years. Why a Bitcoin ETF? This would open Bitcoin to Institutional investors and Joe Stocktrader. Tell your Uncle about Bitcoin at Thanksgiving and he could buy it Monday in his 401k. “If a Bitcoin ETF brings additional capital to bitcoin, it …

$BHP to use Ethereum and a custom Blockchain to track mining information. BHP Billiton revealed at the second annual Global Blockchain Summit that it will use blockchain to record movements of wellbore rock and fluid samples and better secure the real-time data that is generated during delivery. According to BHP geophysicist R Tyler Smith, the new system will enable benefits for …

BitMEX is out with an article on Bitcoin as a Reserve Currency for Cryptocurrency traders. The holy grail for many users is a cryptocurrency that has a growing market cap, and falling price volatility. A large market cap helps improve liquidity and reduce transactions costs. Falling volatility means that Bitcoin can retain its value for longer periods of time. That …

This enterprising YouTuber is technically selling his house for Litecoin (rather than Bitcoin), but there are so many great things about this clip I had to share it. Whether they choose Bitcoin or a shitcoin, there are people putting their money down on Cryptocurrency. For every pick up driving, no seatbelt wearing and possibly open container law breaking Duck Dynasty reject there are …

A potential conversation that banks may be having about Bitcoin is depicted on Mr Robot. They even hit on Bitcoin weakness (transaction limits).

Arcade City, the decentralized ride sharing service that will compete with Uber and run on Bitcoin, is available on the Apple App Store. I downloaded the app and logged in. The message I got was below: Arcadians in San Diego need a combined 1307402 karma to reach City Level 1 and unlock ridesharing functionality. Current city Karma: 68 out of …