Bitcoin News Feed [07 Jan 2017] - Phase II
Top Trends Pushing Bitcoin Towards The Mainstream
Like a pack of predators in the night, bitcoin is creeping up into mainstream use from multiple different angles. From the poorest in developing countries to the top banks alike, the digital currency is being used in every stratum of humanity. Bitcoin.com explores some of the biggest use cases that could propel bitcoin to mainstream usage. .......... [Read Full News]
Is Bitcoin the Currency of Artificial Intelligence?
What if robots are self-sovereign entities and they can own property, own money, have legal rights and so forth? “There’s actually a lot of precedence for that,” says Jeff Garzik, bitcoin developer and CEO of Bloq, enterprise blockchain developer with emphasis on networks like bitcoin. “It’s been assumed as inevitable that robots will exist and they will own property.” Mr. Garzik believes robots could one day be considered legal persons, and even trade bitcoins. The bitcoin developer cites how corporations enjoy legal personhood. ..... [Read Full News]
Director Cannucciari on Making “Banking on Bitcoin”
A feature film on Bitcoin, called “Banking on Bitcoin”, is set to be released on January 6, 2017. Produced by Gravitas Ventures, the film will cover many of the space’s best-known players, such as Charlie Shrem, Barry Silbert, Erik Voorhees, Nathaniel Popper and more. .... [Read Full News]
Chinese Bitcoin Exchange BTCC Responds to PBOC’s Statement
Following a meeting between the People’s Bank of China and representatives of BTC China, OKCoin and Huobi, which in combination account for some 90% of bitcoin trading volumes, BTCC has e-mailed CCN an official statement in reply to our request for comments: “BTCC regularly meets with the People’s Bank of China and we work closely with them to ensure that we are operating in accordance with the laws and regulations of China. ..... [Read Full News]
Vinny Lingham: Bitcoin is Close to Being the Global Currency
The last 12 months have solidified bitcoin’s crucial role in the global economy. Investors and traders have relied on the digital currency to protect their wealth and avoid economic and financial crisis resulting from excessive government monopoly over current monetary systems. Indian government’s decision to demonetize 500 and 1,000 rupee banknotes led to one of the worst economic disasters in recent history, essentially halving the economy’s cash circulation and causing a nationwide financial turmoil. .... [Read Full News]
Bitcoin Exchange Huobi’s Staff Threatened by Disgruntled Trader
Huobi, one of the biggest and most liquid bitcoin exchange, stands accused of “intentionally pull[ing] off the network cable” whenever “the market is hot.” The site is so slow during market moves, the accuser says, “traders can’t do anything but shed tears.” .... [Read Full News]
Breaking: China’s Central Bank Weighs in on Bitcoin Price Rollercoaster
Reports are coming in that officials from the People’s Bank of China (PBOC) jointly with the Shanghai’s Financial Office met with the head of BTC China. Following “abnormal price fluctuations” and “to guard against risks and maintain financial stability,” the Chinese authorities wanted to understand the operation of the trading exchange and: ....
Time for a Blockchain Digital Currency, Says Indian Central Bank’s Research Arm
In a significant endorsement of blockchain technology, bitcoin’s underlying innovation, the research arm of the Reserve Bank of India (RBI) – India’s central bank – has tested blockchain solutions for core banking processes in the country. More notably, researchers have determined that blockchain technology has “matured enough” to be the core technology to support the digitization of India’s fiat currency, the rupee. .... [Read Full News]
2017 - The Year Bitcoin Finally Breaks Free
Bitcoin is set for a bullish market, Ethereum is here to stay, traditional investment vehicles and cryptocurrencies will marry and Blockchain awareness shall grow globally, according to an expert. The year 2016 saw an influx of Blockchain startups, with Ethereum showing a lot of promise before the DAO breach. As 2017 begins, Bitcoin has broken the $1000 mark and will achieve a new level of market capitalization. ..... [Read Full News]
Study: Bitcoin’s Volatility to Level With Fiat by 2019
The volatility of Bitcoin is forecasted to reach a similar level as other current fiat currencies by 2019, says a new study by Chappuis Halder & Co. It looked into whether the digital currency’s price can be forecasted like any other asset. ..... [Read Full News]
Hope is Priceless: Why Bitcoin’s $1000 Value Matters
The end of 2016 and the beginning of 2017 was a cause for celebration for Bitcoin users. In January the price went as far as $1,161 surpassing the highs seen in 2013. The euphoria in the Bitcoin community is obvious. However, does this level of $1000 matter? ...... [Read Full News]
Scaling in 2017: Coinbase’s Brian Armstrong Lends Support to SegWit
Coinbase CEO Brian Armstrong is the latest cryptocurrency industry figure to lend support to Segregated Witness, hereinafter SegWit, technology as Bitcoin’s future. In a tweet Thursday, Armstrong stated he thought the technology, which has traditionally struggled to find wider community support, can “help the industry move forward.” ....
This post has been ranked within the top 80 most undervalued posts in the first half of Jan 07. We estimate that this post is undervalued by $4.02 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jan 07 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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