Bitcoin News 31 March 2017

Bitcoin Today – the Bitcoin price spiked a bit today after a week of the sideways jive. Certainly looking strong again and what most like to see. Bitcoin News Headlines – Japan’s Bitcoin Law Goes Into Effect Tomorrow, 1 April 2017; Japan’s Biggest Bank Partners Ripple, Plans Global Blockchain Money Transfers in 2018; MaidSAFE vs Sia vs Storj; Catching FinTech Winds, RegTech Association Launches in Australia; A Virtual Reality Simulator of the Bitcoin Blockchain Is Coming to Steam; Altcoin-Fiat Trading Rises, BitPanda Adds Dash-Euro Trading; Litecoin Soars to 20-Month High,…

Read More

Bitcoin Price Watch 31 March 2017

The Bitcoin Price Watch today – this week has seen some sideways shuffle with the price spiking today. What has been in the news to create this spike? The SolidX ETF was denied by the SEC and the price did not react – the denial was expected so no surprises. Other events in the Bitcoin world… the Japanese bill to make Bitcoin a legal payment systems kicks in on 1 April, The Chinese Exchanges are still not fully operational and the scaling debate seems to be calming down however, still…

Read More

Bitcoin Legality Spooking India

The India Government have made it clear that they are ready to embrace the digital economy yet recently, politicians have started to question the lack of regulation surrounding Bitcoin and Cryptocurrency.  This has spooked the media who have published articles that have lead Indian citizens to think that Bitcoin is now illegal. According to ZEBPAY, Bitcoin is legal under all existing laws in India and Refues Local Ponzi Reports.  “Zebpay is part of DABFI (Digital Asset and Blockchain Foundation of India). DABFI is in the process of engaging with regulators to explain…

Read More

Bitcoin News 30 March 2017

Bitcoin Today – the Bitcoin price has been steady over the past few days – sideways shuffle on the go here. Other Bitcoin headlines – Switzerland’s SIX Securities Services Develops Blockchain-Based Bond Issuing Solution; Abu Dhabi to run FinTech summit; Panasonic Among New Contributors to Hyperledger’s Iroha Project; With Ethereum ‘Ice Age’ Incoming, Momentum Builds for Miner Pay Cut; Emirates NBD Enlists UAE Central Bank in Blockchain Check Trial; Bitcoin Wallet Armory Opposes Hard Forks, Supports SegWit; 10 VPN SERVICES PROVIDERS THAT ACCEPT BITCOIN; Spanish Bank BBVA Joins Hyperledger Blockchain…

Read More

Japan’s new Bitcoin Law

From 1 April 2017, the Japanese Government will recognize Bitcoin as a legal payment system, it’s written into law.  The Bill also imposes regulation over the Bitcoin Exchanges in Japan.  These changes will ensure tighter oversight from the Financial Services Agency of Japan over the digital economy.  Regulation full steam ahead. Japan is leading the way with the introduction of the new Virtual Currency Act which is explained here – The Virtual Currency Act  However, it seems that virtual money poses an accounting dilemma for Japan’s early adopters – is it an asset or…

Read More

The New Pound Coin and Bitcoin security features

The New Pound coin is in circulation during last week of March 2017 complete with new security feature to ensure they cannot be counterfeit.   “The new 12-sided £1 coin has a hidden security feature to make it difficult to counterfeit. It is thought to involve material inside the coin itself which can be detected when electronically scanned by coin-counting or payment machines. But officials at the Royal Mint have not released any further details.   Other security measures include an image that works like a hologram, and micro-sized lettering inside both…

Read More

Some Bitcoin Fundamentals

Some people focus on the movements of the Bitcoin Price which fluctuates from time to time. Some people get emotional and are often swayed by the opinions of others.  But some people have the knack of focusing only on fundamentals that drive long term growth…. they know, they believe. Often impending events cause volatility in the market short term however, it is important to rather focus on the long term fundamentals vs the short term gains or losses.  Where do you fit in? “Many parts of the bitcoin ecosystem have been…

Read More

Bitcoin News 28 March 2017

Bitcoin Today – the Bitcoin price has remained above $1000 gaining some strength. Will this trend continue? More large miners are signaling SegWit vs Bitcoin Unlimited – Pro-SegWit Bitfury Overtakes Antpool to Become World’s Largest Miner. This could be having an impact on the Bitcoin price too. Other news headlines – Bitcoin in Numbers — a Visual Look at Bitcoin Growth and Demand So Far in 2017; Iphone Users Can Now Buy Bitcoins Directly Inside Breadwallet; Why Mizuho Believes Bitcoin Still Has a Future in Banking; Beijing City Regulator Calls…

Read More

Bitcoin News 27 March 2017

Bitcoin Today – the Bitcoin price has moved past the $1000 – what are the drivers for this? Forget the Bitcoin Fork, watch the Chopsticks – Could it be that the Japanese are dominating traded volume in recent days pre passing the law that Bitcoin will become a legal payment system in April? The Chinese are certainly buying Bitcoin too if you take a look at the Localbitcoins.com/Coindance graphs. All this amid the Big Bitcoin scaling debate! Other news headlines – VISION OF NO FUTURE? BITCOIN UNLIMITED TOKEN DIVES 30%…

Read More

Forget the Bitcoin Fork, watch the Chopsticks!

While everyone seems to be fixated and fearful of the Bitcoin fork which might not even happen, the Japanese are buying Bitcoin… it was reported that they were responsible for 50% of traded volume over 24 hours recently.  Japan is serious about Bitcoin as April is the month that a law is passed declaring Bitcoin a legal payment system.  Is this why the Bitcoin price continues to hover from $900 to $1000?  Could well be! What about the Chinese?  As the majority of Bitcoin mining takes within Chinese borders, many…

Read More