Bitcoin and Fiat Currency Can Coexist says South Korea Central Bank

South Korea has added their name to the growing list of Central Banks investigating digital currencies and the regulating thereof. Bitcoin is a digital currency that uses peer-to-peer technology to operate without central authority or banks. Regulation of Bitcoin companies in some countries has started and this is a very bullish sign for Bitcoin adoption and investment.   Some of the forerunners are:-   Japan – Japan’s Bitcoin Law Goes Into Effect   China – PBoC Official: China’s Bitcoin Exchanges Need Strict Supervision   India – Regulating Bitcoin in India   Malta…

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The ETF is back – SEC to review Winklevoss Bitcoin ETF rejection

Just when we thought the Winklevoss “Bitcoin ETF” twins were back to the drawing board, in an interesting turn of events, the SEC has granted a review of the disapproval after the Bats petition.   “Pursuant to Rule 431 of the Rules of Practice,11 BZX’s petition for review of the Disapproval Order is granted. Further, the Commission hereby establishes that any party to the action or other person may file a written statement in support of or in opposition to the Disapproval Order on or before May 15, 2017.”  …

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Bitcoin News 25 April 2017

Bitcoin Today – The Bitcoin price still looking good. Hovering around $1250, is this the new level? Is the price consolidating and getting ready for a push past $1300? With all the good news surfacing, no doubt the price is so bullish.     Bitcoin News Headlines – AT&T Explores Cryptocurrency Car Payments in New Patent Filing; Beware, CIA and criminals can steal your Bitcoin; 88% of companies support SegWit; Research: India’s Push toward Digital Currency to Spur Smartphone Sales; The domino effect of Bitcoin and Blockchain, roll on Malta;…

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BEWARE: CIA and Criminals can steal your Bitcoin!

Wikileaks has exposed the CIA hacking tools and techniques in the largest publication of confidential documents on the agency – we are not only vulnerable to the criminal element but it appears the CIA too.     Some of us are probably compromised without being aware of it – Assess your vulnerability and seriously consider what to do about it. What is “Vault 7” – it is the Wikileaks’ codename for a series of massive document releases on the e-surveillance and cyber-warfare techniques of the CIA. It is not known how…

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The Domino Effect of Bitcoin and Blockchain begins, roll on Malta!

The domino effect begins! Firstly, Switzerland started to accept Bitcoin as payment for government services in certain cantons, Japan made Bitcoin a legal payment system on 1 April 2017, then we heard rumblings from Russia and India setting up committees to investigate with urgency. Now Malta is making an even more positive move towards embracing Bitcoin and blockchain technology.   Watch the video below for comments made by the Prime Minister of Malta, Joseph Muscat.   Which innovative and forward thinking country is the next? Read the full article here – Malta…

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Blockchain and Cryptocurrency Must Read list

One of the most important things to do when you get involved in the new digital economy is to educate yourself. There are many informative documents published to help you get up to speed and informed. Start with one of the most important documents that started the Bitcoin Revolution and is changing the World, Bitcoin – Peer to Peer Electronic Cash.     Here are two of the latest documents on the “Must Read” list… click on the links below and feed your mind!   How blockchain technology could change our…

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Global Fund for Digital Currency Investments launched

In an exciting development in the cryptocurrency ecosystem, Alphabit, global fund registered in Dubai and the Cayman Islands, has been launched with a target of $300 million.  “Managers seek to tap growing demand for virtual assets that allow for instant, borderless transactions” co-founder Liam Robertson said in an interview with Reuters.  A formal launch of the fund will take place in September 2017 after the fund shows a 6 month track record.   Digital currencies such as Bitcoin are issued and usually controlled by its developers, and are used by…

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Bitcoin, growing in Value and Market steadily.

Consider the fact that Bitcoin just eight years ago was worth zero.  Fast forward a few years and the price currently trading over $1200.  An incredible growth in value.  Bitcoin has gone from being a white paper named Peer to Peer Electronic Cash which caught the fascination of the Techie community in November 2008 to being taken very seriously by Governments, Investors and Consumers as the value increased and continues this upward trend.   Historical Bitcoin prices below:-   The Cryptocurrency market has grown exponentially as new coins are introduced…

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Bitcoin Price Watch 21 April 2017

Bitcoin Price Watch – many factors influencing the Bitcoin price at the moment. Events to watch – the start of the French Elections on Sunday; Japan making Bitcoin a legal payment system and Russia and India could follow suit; the evolving story regarding Bitfinex. OKCoin and various other exchanges in the Far East as they stop withdrawal and deposits in USD.   Read more about this evolving story – The Facts about Taiwan’s AML laws, USD withdrawals and deposits into Bitcoin Exchanges         Congrats to the two winners…

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The Facts about Taiwan’s AML laws, USD withdrawals and deposits into Bitcoin Exchanges

This week has seen a developing story regarding certain Bitcoin Exchanges in the Far East no longer processing USD deposits and withdrawals.   Here is a blow by blow account of what transpired to date as reported by WaleCalls:-   March 23 2017 — first noted delay receiving US Dollar withdrawal from Bitfinex . March 31 2017 — Wells Fargo , a major clearing and intermediary bank, starts denying incoming wires to cryptocurrency and MSB based business including Bitfinex citing major Tiawan banking AML reforms. (more on that below). Incoming wires still functioned at this time…

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