Tag Archives: cryptocurrency

One reason why bitcoin may be surging: You can now buy it instantly on one major US exchange

As bitcoin surged to all-time highs Friday, a key announcement from a major U.S.-based digital currency exchange could be a driving factor.

Coinbase said Thursday it is rolling out instant bitcoin, ethereum and litecoin purchases of up to $25,000 from U.S. bank accounts. Previously, customers using their bank accounts to buy the digital currencies had to wait several days to receive them.

“One of the biggest pieces of feedback we get on Coinbase is ‘why does it take so long!'” Coinbase Co-Founder and CEO Brian Armstrong said in a Thursday tweet. “Rolling out instant buys.”

Before this rollout, bitcoin’s price could fluctuate a lot during that waiting time, making it a drawback for the regular investor.

“The Coinbase instant buy program is yet another step toward mainstream acceptance of Bitcoin,” said Brian Kelly, founder of BKCM LLC, a hedge fund managing digital assets, and a CNBC contributor. “This will make Bitcoin easier to use as a transactional currency and could have the effect of increasing liquidity. The added transaction volume should also support the price. “

The company has nearly 11 million customers, according to its website.

TechCrunch reported Thursday that the instant purchase feature rolled out Thursday to about 15,000 Coinbase users and will be available for “all eligible” U.S.-based customers by the end of the year.

Bitcoin has leaped 21 percent within the last 48 hours to a record high of $5,856.10, according to CoinDesk. With those gains, the digital currency has multiplied six times in value this year and has a market value of more than $93 billion. That’s larger than that of Goldman Sachs.

Source:

https://www.cnbc.com/2017/10/13/one-reason-why-bitcoin-may-be-surging-new-instant-buying.html

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Mastering Bitcoin: A Beginner’s Guide To Start Making Money With Bitcoin # 1 in mining on Amazon for Audio

Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.

The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.

Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.

As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

Bitcoin Price Reaching $10k by April 2018 ‘No Surprise’: Mike Novogratz

Investor turned crypto hedge fund mogul Mike Novogratz has predicted Bitcoin will balloon to $10,000 in just six months.

Speaking on CNBC Wednesday, Novogratz, who is publicly bullish on Bitcoin and is starting a dedicated $500 million hedge fund, said he could “see the herd coming.”

“I’m pretty confident to say it’s going higher,” he told host [] on the network’s Fast Money segment.

“…It would not surprise if in the next six to 10 months we’re over $10,000.”

https://player.cnbc.com/p/gZWlPC/cnbc_global?playertype=synd&byGuid=3000661842&size=710_403

Hedge fund legend Mike Novogratz betting it all on bitcoin from CNBC.

Asked whether he thought Bitcoin was therefore a bubble, Novogratz said the “Blockchain revolution,” like railways and the Internet, would “change the way we live.”

“Yes, it’s a bubble, it’s going to be one of the great manias of all time,” he continued.

“Bitcoin happens to be the bellwether of this entire decentralized revolution, so it’s the easiest way people get gain exposure to it… Things like Ethereum I think will be the public utility of this new space.”

Signs of stability

Bitcoin prices remained relatively stable around all-time highs Wednesday, despite news that Russia was preparing to block access to cryptocurrency exchanges for its citizens.

Showing increasing resilience to political maneuvering, Bitcoin has managed to shake off wider-reaching moves by China, which saw an exchange ban and a halt on ICO operations in the country.

Source:

https://cointelegraph.com/news/bitcoin-price-reaching-10k-by-april-2018-no-surprise-mike-novogratz

Mastering LiteCoin: A Beginner’s Guide To Start Making Money With LiteCoin

Litecoin was founded to act as a Bitcoin alternative to make up for its perceived shortcomings—it was developed to be “lightweight” and be more plentiful than Bitcoin. Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.
Table of Contents 
Litecoin Introduction 
1.Cryptocurrency Wallet Guide
2.How to Buy Litecoin
3.Mine Litecoin and Other Altcoins
4.A Better Investment: Bitcoin or Litecoin
5.Litecoin Wallet Clients
6.Bitcoin vs Litecoin
7.Invest In Litecoin
8.SegWit in the Wild
9.Coinbase Users
10. Second Largest Currency
11. Bitcoins in 8 Ways
12. The Purpose of Blockchain
13. Feathercoin
14. ICO
15. Understanding Cryptoeconomics
16. Cryptocurrency: The Ultimate Guide
References

Bitcoin Price Comes Close to $4,700 As Latest Jump Takes Altcoins Higher

Bitcoin has hit yet another all-time high as virtually all the top 50 cryptocurrency markets rally.

Data from Coinmarketcap and Bitcointicker shows Thursday post Bitcoin highs of $4,687 on Bitstamp, beating the previous record of $4,576 Aug. 29.

The latest move upwards resulted in a consolidated effort from the biggest altcoins tracked by Coinmarketcap, with 95 percent of the top 50 posting overall gains in the 24 hours to press time.

Bitcoin is continuing to gain as commentators increasingly put faith in a test of the highly significant $5,000 barrier in the short term.

Various figures have been extremely bullish on Bitcoin reaching $5,000 sooner rather than later, ignoring criticism that the virtual currency remains in a bubble and will ultimately correct downwards in a manner similar to previous price spikes.

Commenting on the current price action, Civic CEO Vinny Lingham suggested the mid-$4,000s was a “nice consolidation,” but for a crucial upwards of downwards move, some external influence was needed.

Meanwhile, Ethereum (ETH) has also posted near-record highs as news comes of developers signing a deal with a Russian state-owned bank.

The partnership aims to increase Ethereum expertise in the country, as well as study suitable state-sanctioned use cases for Ethereum Blockchain technology.

Source:

https://cointelegraph.com/news/bitcoin-price-comes-close-to-4700-as-latest-jump-takes-altcoins-higher

Afghan Tech Entrepreneur Uses Bitcoin To Empower Women

Sometimes, with all the buzz around women’s empowerment, it’s easy to forget just how new that concept is in the world of finance. American women could not legally own independent bank accounts until the 1960s, nor could women in the United Kingdom until 1975. Still today, millions of women throughout the developing world don’t have access to institutional financial services because cultural stigmas linger long after the laws on the books recognize women’s rights.

According to the World Bank’s Global Findex database, women in the developing economies are 20 percent less likely to have an account at a financial institution, and often even accounts under their names are de facto controlled by male relatives. Roya Mahboob, one ofAfghanistan’s leading tech entrepreneurs, overcame this dilemma by paying female employees in bitcoin.

 

According to Forbes, one employee with a violent and abusive husband who confiscated the employees’ money was reportedly able to use secret bitcoin savings to file for a divorce. The early bitcoin advocate Mahboob was deemed one of the 100 most influential people in the world by Time in 2013. Since then, she’s been busy supporting women technologists across Afghanistan, even sponsoring the all-girls robotics team that recently overcame controversial visa restrictions to win second place at a competition in Washington D.C.

Meanwhile, Mahboob’s Kabul-based nonprofit Digital Citizen Fund has enrolled 9,000 women and girls in educational programs covering topics like blockchain technology, bitcoin and Ethereum.

“We helped 100 women start their own businesses,” Mahboob told International Business Times. “The next step is we are going to have a bitcoin conference in Afghanistan so we can showcase their projects.”

Source:

http://www.ibtimes.com/afghan-tech-entrepreneur-uses-bitcoin-empower-women-2575881

This Ethereum and Cryptocurrency Backed Micro-loan and Micro-credit Company is Disrupting Banking

The cryptocurrency ICO market is getting more and more interesting every week. All sorts of ICOs are popping up that utilize blockchain, Ethereum, and cryptocurrency to solve big world problems.

Not only are they getting funding, they are getting lots of funding. TenX did over $80 million, EOS is well over $400 million so far, Bancor did $250 million, the numbers are very large. This goes to show the power of the cryptocurrency world. People are hungry for the next hot ICO that they can potentially multiply their cryptocurrency on, or hold for the long term.

The best use for blockchain technology so far and the place of biggest disruption is in the banking industry. The banking system is outdated and slow. The fastest way to move money from Los Angeles to Paris using the traditional banking system, is to not actually use the system and to physically fly there with cash. That’s not exactly an efficient system. Blockchain technology and blockchain startups are currently giving the banking system a well needed overhaul.

A new Ethereum based ICO company in the banking space, Everex, is bringing banking services to over 2 billion people who do not have a bank account. Everex gives those people access to a mobile based Everex wallet that essentially serves as a bank account with all of the related services but with no fees for exchanging money. Then people can use the wallet to get micro-loans, and micro financing at rates that are affordable. And it’s all backed by actual cryptocurrency.

Another huge issue in the massively outdated banking space is actually moving money around from person to person, or even to yourself. In fact, on a recent trip to Australia it took me over 5 business days to just physically move money to myself while traveling. From my own accounts. The burden and hassle on top of the long wait was extremely annoying, just to access my own money. Blockchain technology, cryptocurrency and startups like Everex begin to solve these problems where you don’t have a centralized power preventing you from accessing your own money.

Many people, especially migrant workers, want a way to send money back home. The problem is that the fees are outrageous and make it grossly unaffordable for the people that need it most. Everex allows you to send it fee free as well as exchange currency anywhere in the world without the astronomical percentage based pricing structures.

Traditionally, you could pay as high as 24% (in some cases even more) just to exchange currency and move it from one country to another.

Another pretty cool feature of Everex is cryptocurrency backed micro-loans and micro-credit. These are all 100% backed by Ethereum and Ethereum based cryptocurrencies. This concept disrupts the credit system and allows lending to happen all based and backed on cryptocurrency.

As of the time of writing Everex is already well into their ICO raising over $6 million worth of Ethereum so far the first day.

Source:

https://www.inc.com/brian-d-evans/this-ethereum-and-cryptocurrency-backed-micro-loan.html

Kik App Debuts Digital Currency Amid Bitcoin Boom

Messaging app Kik Interactive is the latest and potentially most well-established company to delve into a quirky new form of fundraising — creating its own digital currency.

Kik, based in Waterloo, Canada, unveiled plans for an “initial coin offering,” a process by which it sells tokens that can be used to buy services on its platform. The idea is that as more and more people use Kik, the value of those tokens, called “Kin”, will rise in value.

Interest in coin offerings is high, thanks to surging prices of bitcoin and other virtual currencies. Called ICOs, they give a wide range of people the chance to invest in a company or any other endeavor early on. While unregulated, they have proved popular, with investors spending around $330 million on tokens over the past year, according to data compiled by cryptocurrency blog The Control. Earlier this month, cloud-storage startup Storj raised almost $30 million in five days via an ICO.

Kik, which has raised about $120 million (in real money) from investors including Tencent Holdings Ltd., could serve to add a new layer of legitimacy to the process.

“Kik will be the largest install base of cryptocurrency users in the world,” Chief Executive Officer Ted Livingston said. “Kin, on day one will be the most-used cryptocurrency in the world.”

The move comes as Kik finally reveals how many people actually use its app regularly each month: 15 million. That’s a far-cry from the 300 million total registered users number it was sharing around this time last year.

Kik has traditionally been most popular among teens because, unlike Facebook Inc.’s Messenger or WhatsApp, they don’t need a phone number to use it. Growth has been tough in the past few years though, as teenagers get smartphones earlier and Kik users switch to Facebook apps once they leave high school.

Kik plans to gift a certain amount of Kin to each user. They’ll be able use the new currency to buy games, live video streams and other digital products. The company’s goal is to attract new merchants to sell on the platform, creating a snowball effect where Kin becomes more valuable and more sellers pile onto Kik, increasing its popularity.

“We will create an economy where millions and millions of mainstream consumers are earning in a cryptocurrency for the first time ever,’’ Livingston said. “They’re going to want to spend in that same cryptocurrency as well.’’

Source:

https://www.bloomberg.com/news/articles/2017-05-25/kik-messenger-app-debuts-own-digital-currency-amid-bitcoin-boom