China Bitcoin Exchanges to Impose Trading Fee

Under heightened scrutiny from Chinese regulators, China's three largest bitcoin exchanges will seek to rein in speculation in the virtual currency by charging trading fees.

Read more... http://www.wsj.com/articles/china-bitcoin-exchanges-to-impose-trading-fee-1485155580?utm_campaign=Contact+Quiboat+For+More+Referrer&utm_medium=twitter&utm_source=quiboat

HSBC and Bank of America Merrill Lynch use Hyperledger Project for blockchain trade finance

Bank of America Merrill Lynch, HSBC and the Infocomm Development Authority of Singapore (IDA) are using a blockchain prototype to streamline the paper-heavy world of global trade. The consortium used the Linux Foundation open source Hyperledger Project blockchain fabric, supported by IBM Research and IBM Global Business Services.

Read more... http://www.ibtimes.co.uk/hsbc-bank-america-merrill-lynch-use-hyperledger-project-blockchain-based-trade-finance-1575269

Bitcoin Price Weekly Analysis –BTC/USD Facing Major Resistance

Bitcoin price is forming a nice bullish pattern, but currently facing as a critical resistance area, which holds the key for BTC/USD in the near term.

Read more... http://www.newsbtc.com/2016/06/26/bitcoin-price-weekly-analysis-btcusd-facing-major-resistance/

Ethereum, a Virtual Currency, Enables Transactions That Rival Bitcoin’s

Beyond the price spike, Ethereum is also attracting attention from giants in finance and technology, like JPMorgan Chase, Microsoft and IBM, which have described it as a sort of Bitcoin 2.0. The rise of the relatively new virtual currency has been …

Read more... http://www.cnbc.com/2016/03/28/ethereum-a-virtual-currency-enables-transactions-that-rival-bitcoins.html

Bitcoin: A 21st Century Currency Explained By a Wall Street Veteran

It has been described as a "techno tour de force" by Microsoft founder Bill Gates, and as a "remarkable cryptographic achievement…that has enormous value" by Google CEO, Eric Schmidt. It was even predicted by Nobel Prize-winning economist Milton Friedman in 1999 when he said, "The one thing that's missing, but will soon be developed, is a reliable e-cash."

Read more... http://www.coindesk.com/bitcoin-explained-global-currency-wall-street-veteran/

Is Bitcoin Dead? Not the Part that Matters

Like many in the digital currency community, I'm tired of the "bitcoin is dead" line that has permeated mainstream coverage of high-profile software developer Mike Hearn's decision to quit the "failed" bitcoin experiment.

Yet if we contemplate this misguided storyline, there's much to learn from it. It's up to those of us who believe this technology truly matters and that, in some shape or form, it will change the world, to shift the narrative.

Read more... http://www.coindesk.com/bitcion-dead-block-size-mike-hearn/

Gavin Andresen on Why Bitcoin Will Become Unreliable Next Year Without an Urgent Fix

The way things are going, the digital currency Bitcoin will start to malfunction early next year. Transactions will become increasingly delayed, and the system of money now worth $3.3 billion will begin to die as its flakiness drives people away. So says Gavin Andresen, who in 2010 was designated chief caretaker of the code that powers Bitcoin by its shadowy creator. Andresen held the role of "core maintainer" during most of Bitcoin's improbable rise; he stepped down last year but still remains heavily involved with the currency (see "The Man Who Really Built Bitcoin").

Read more... http://www.technologyreview.com/news/540921/the-looming-problem-that-could-kill-bitcoin/

Bitcoin Might Be The Next Big Thing In The Remittance Market

Bitcoin's most disrupting feature is its decentralized architecture. Indeed, bitcoin relies on a P2P network of computers to proceed money transfers. Each part of the network works to create new bitcoins ('mining'), keep the network alive and validate transactions.

All the transactions are registered in the blockchain that is used to validate a transaction using cryptography technology: it ensures that you can't use a bitcoin you don't own or you don't use the same bitcoin more than once. This last action previously required a third party, but with bitcoin this is not the case anymore: the network replaces financial institutions and banks.

Read more... http://techcrunch.com/2015/05/25/bitcoin-might-be-the-next-big-thing-in-the-remittance-market/?ncid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29

NYSE creates a new bitcoin index

The New York Stock Exchange is diving deeper into the world of Bitcoin with the introduction of a bitcoin pricing index.

The index, which will be made available through NYSE's Global Index Feed and free on its website for a limited time, is intended to serve as a definitive benchmark for valuing the currency — in the same way that the LIBOR index is used to measure global interest rates.

Read more... http://mashable.com/2015/05/19/new-york-stock-exchange-bitcoin/?utm_cid=mash-com-fb-stup-link

Bitcoin Named Worst-Performing Currency of 2014

If Bitcoin received a year-end grade for value, it would be a giant F.

While Bitcoin buzz and adoption experienced a healthy growth spurt in 2014, its value in U.S. dollars did the opposite. The virtual currency was the worst-performing currency of the year, plummeting by more than 56 percent since January and 72 percent since last November, according to Bloomberg. Bitcoin fared worse in the last 12 months than even Russia's ruble, which plunged 42 percent this year.

Read more...  http://www.entrepreneur.com/article/241306

Bitcoins Can’t Shake Bubble Image in Poll After 45% Drop

Bitcoins, which lost 45 percent of their value after skyrocketing to more than $1,100 last year, are poised to tumble further, according to the latest Bloomberg Global Poll of financial professionals.

Fifty-five percent of those surveyed said the virtual currency trades at unsustainable, bubble-like prices, according to the quarterly poll of 562 investors, analysts and traders who are Bloomberg subscribers. Another 14 percent said it's on the verge of a bubble. Only 6 percent of respondents said a bubble isn't forming. The remaining 25 percent were unsure.

Read more...http://bloom.bg/1l9PSga

Dell becomes largest retailer to accept bitcoin payments

Gigaom's Derrick Harris said last year that Dell, upon going private, "should let its freak flag fly and take some real risks to distinguish itself from the service-vendor pack." Bitcoin wasn't on Derrick's list of ideas for Dell, but Friday's announcement that the computer giant has partnered wi...

http://gigaom.com/2014/07/18/dell-becomes-largest-retailer-to-accept-bitcoin-payments/

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Winklevoss Price Ticker Makes Debut on Bloomberg

The Winklevoss' bitcoin price index, the 'WinkDex', has made its first appearance on Bloomberg. Listed on the platform under WINKBTCO, the move is an important step for the young index, launched earlier this year.In a brief blog post the team say they are honoured to be working with Bloomberg to ...

http://www.coindesk.com/winklevoss-price-index-makes-debut-bloomberg/

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FEC allows political groups to accept bitcoin donations - Los Angeles Times

The Federal Election Commission ruled unanimously Thursday that certain political committees can accept contributions in bitcoins, a digital currency that has gained traction among free-market advocates but drawn criticism for making it easier to sell drugs online.

The decision allows political action committees involved in federal elections to take bitcoin contributions, as long as the donors identify themselves.

The FEC's action adds some legitimacy to the controversial online currency but leaves key questions unanswered, including the maximum amount of a bitcoin contribution and whether the committees can use bitcoins to make purchases.

The limited ruling aimed to “give some guidance to the community … that is not going to raise some of the bigger issues that might accompany a bitcoin transaction,” said Ann Ravel, a Democrat who is the commission's vice chairwoman.

Read more...FEC allows political groups to accept bitcoin donations - Los Angeles Times

Bitcoin's promise: a financial revolution the web's been waiting for | Reuters

 

(Reuters) - Bitcoin may not be the messiah of a new currency its hardcore fans yearn for, but it may herald the deeper financial revolution the internet has been waiting for.

While computers and smartphones have brought the web to more than a third of the world's population, online commerce still largely depends on a banking system that has changed little over recent decades, some of it relying on computer code written before the web was born.

The growing interest in bitcoin, a digital currency that requires no centralized body to handle transactions, is beginning to change all that.

Read more...Bitcoin's promise: a financial revolution the web's been waiting for | Reuters

Chinese Bitcoin Exchange Accused of Faking Trade Data

Once China's second-largest bitcoin exchange, OKCoin is claimed to have published unrealistically high trading volumes in the wake of the Chinese central bank imposing a ban on financial institutions handling the crypto-currency.

The ban saw several exchanges halt all incoming deposits, but OKCoin's trading data failed to show the dip experienced by fellow exchanges.

Read more...Chinese Bitcoin Exchange Accused of Faking Trade Data