Coin News

European stocks declined and the euro made an early drop as the outcome of the Greek referendum and their rejection of austerity had investors flee to the traditional safe havens of US Treasuries, German bunds and the Japanese yen. Following an "equities bailout" by the Peoples' Bank of China the Shanghai Composite index lifted after the past few weeks' $3.2 trillion sell-off. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! In the Calendar This Week The spotlight falls on this week's Euro Summit, tomorrow 7 July, where politicians and finance ministers will […]

The post Global Economic Outlook: Markets Hold Their Breath appeared first on CCN: Financial Bitcoin News.

A fork in the bitcoin network has raised issues regarding how key participants in the payment network process and confirm transactions.

Bitcoin Press Release: HYPER has been fully integrated into the free market trading platform for in-game resources in MMO RPG Dragon Knights of Valeria. The HYPER project runs over 10 HYPER enabled game servers including CSGO, Counter-Strike: Global Offensive, Rust, Poker and much more. The official HYPER strategy and roadmap document was also recently released. Over a year old, HYPER is pleased to announce that it has been fully integrated into MMO RPG Dragon Knights of Valeria. Anyone can now deposit and withdraw HYPER; trading it for other in-game resources as players build up their kingdom. Dragon Knights of Valeria […]

The post Bitcoin Gaming Alternative HYPER Added to MMORPG Dragon Knights of Valeria – HYPER Roadmap Document Released appeared first on CCN: Financial Bitcoin News.

Greek voters have issued a surprisingly loud and clear statement of support to Greek Prime Minister Alexis Tsipras, and defiance to European authorities and the International Monetary Fund. In the referendum celebrated Sunday, an overwhelming majority of more than 61 percent of Greeks, with an impressive 22 percent lead over the 39 percent of Greeks who voted yes, have said no to the bailout deal proposed by the country’s creditors. Opinion polls before the referendum showed the difference between the Yes and No camps as too close to call, and therefore the strong majority won by Tsipras comes as a shock to many observers. The European authorities should consider the results of the referendum a wake-up call – the Greeks […]

The post The Greeks Vote NO, Setting Stage for Possible Parallel Currency and Eurozone Exit appeared first on Bitcoin Magazine.

Following the strategic investment of Westpac Banking Corporation’s venture capital firm Reinventure earlier this year, Coinbase co-founder Fred Ehrsam announced that the company has set its plans to a potential expansion to Australia, and is currently trying to educate the local regulators on the benefits of bitcoin. Coinbase’s Series C funding round, participated in by Westpac, raised $75 million USD in January 2015, from large financial organizations and venture capital firms including Spanish bank BBVA and Fortune 500 financial services group USAA. This deal marked the first investment of an Australian bank to a Bitcoin company. “We’re very excited to be working with such a great management team and look forward to helping them grow their business,” Simon Cant, co-founder […]

The post Coinbase Positioned to Grow Bitcoin Presence in Australia after Investment by Westpac appeared first on Bitcoin Magazine.

Earlier this week, Greece became the first developed nation ever to default on the International Monetary Fund (IMF). Negotiations with the European Union (EU) and the IMF are stalling, and Greek voters on Sunday rejected new bailout terms. On Monday, Greece closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks. Banks and ATMs are still working on a very limited basis, which makes things difficult for families and pensioners. For businesses and entrepreneurs who depend on cross-border sales and imported goods or services, the situation couldn’t be worse: They are unable to pay their suppliers abroad because cross-border bank wires are suspended, and the have only limited access to their sales income. […]

The post Spartan Route Offers Invoicing and Bitcoin Payment Service to Greek Businesses appeared first on Bitcoin Magazine.

Writing on Quintessence, the financial magazine of BNP Paribas, financial securities research analyst Johann Palychata analyzes the possible impact and future implications of the blockchain for securities markets. He believes that Bitcoin is really an innovation and a disruptive open-source technology for the financial world. “Its core is the first successful attempt for a secure and decentralized register,” says Palychata. “It should be considered as an invention like the steam or combustion engine. ” BNP Paribas, a French bank headquartered in Paris that was formed through the merger of Banque Nationale de Paris (BNP) and Paribas in 2000, is one of the largest banks in the world. Based on 2012 information BNP Paribas was ranked as the third-largest bank in […]

The post The Blockchain Could Make Existing Securities Industry Players Redundant, Says BNP Paribas Analyst appeared first on Bitcoin Magazine.

The bitcoin block chain could potentially upend the existing post-trade infrastructure and make financial companies redundant, according to an analyst at BNP Paribas Security Services, an international bank. Johann Palychata, a research analyst at the company, makes this observation in the current issue of bank’s publication, Quintessence. This article marks the first time a major bank has acknowledged bitcoin’s disruptive potential of the existing post-trade infrastructure, according to financial observers. Palychata’s article constitutes a “huge admission for one of the world’s biggest banks” regarding bitcoin’s potential to make existing companies redundant, according to Oscar Williams-Grut in today’s Business Insider. Palychata’s […]

The post BNP Paribas: Bitcoin Could Make Financial Companies Redundant appeared first on CCN: Financial Bitcoin News.

Bitcoin Press Release: With Greece’s Prime Minister Alexis Tsipras suggesting the Greek government could issue their own digital currency – is this a viable solution? Alan Yong of DNotes explores how an established, ethical digital currency may be the most sustainable long term solution for Greece, and why digital currency enables anyone to access their money whenever they need it. This is a very sad and tragic situation. The rich may end up losing a vacation home in a foreign country but many of the less fortunate are at risk of losing their entire life savings, while being too old […]

The post Grexit Digital Currency Long Term Solution? Co-Founder of DNotes, Alan Yong Shares His Vision appeared first on CCN: Financial Bitcoin News.

Ryan X. Charles was the official cryptocurrency engineer at Reddit, and readers may remember his abrupt firing earlier in the year. In a new blog post, Charles talks about how the CEO at the time of his hiring was in favor of decentralizing Reddit. The post makes plain the basics of decentralizing a social media platform the size of Reddit although it doesn't delve too deeply into the mechanics. Bitcoin would be essential in terms of incentivizing a lot of people to host the content of a lot of other people. This is the fundamental reason many systems cannot be […]

The post Former Reddit Cryptocurrency Engineer: Decentralization is the Future appeared first on CCN: Financial Bitcoin News.

Reddit is in revolt to protest the termination of Victoria Taylor, the site’s director of talent who managed the popular "Ask Me Anything" (AMA) sessions that have included President Obama and other celebrities, Wired reported a few days ago. Hundreds of subreddits have been shut down by angered moderators. In other subreddits, users demand the creation of decentralized alternatives to Reddit, governed by the crowd of users instead of a centralized authority.

The post Angered over Redditgate, users want a Decentralized alternative to Reddit appeared first on CCN: Financial Bitcoin News.

During yesterday's rally in reaction to the Greek "No" vote, Bitcoin price pushed to the upper 10% envelope of the 1-day 200MA and paused. This little known chart feature, strangely, has halted advance and the question is now whether trade will push higher or turn down from the current levels. xbt.social analysis looks to global markets for clues, as well as technical indications in the Bitcoin price chart. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price […]

The post Bitcoin Price "No" Rally Underwhelming appeared first on CCN: Financial Bitcoin News.

In the wake of the voting yesterday, Greek Finance Minister Yanis Varoufakis realized that he would not be able to stay on as finance minister. He explains it as such on his blog, saying: Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted ‘partners', for my… ‘absence' from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason, I am leaving the Ministry of Finance today. This could be an indication that the Eurozone lenders […]

The post Greek Finance Minister Resigns appeared first on CCN: Financial Bitcoin News.

More than 60 percent of voting Greeks have soundly rejected conditions for a further bailout from European creditors, pushing the country closer to financial chaos. By rejecting the conditions set forth by European Central Banking authorities, the country's own central banks could run out of funds in a matter of days, forcing the government to issue a new currency within Greece to continue day to day activities. The problems that a renewed sovereign currency could create in the economy are untold, but so far Greek officials have made clear that this is not within the plans. However, if there simply […]

The post Greeks Vote Against Rescue Package from European Creditors appeared first on CCN: Financial Bitcoin News.