Coin News

Bitcoin price declined from its previous consolidation area above $230 today. The move lower has fallen into 1-hour chart divergence and should now correct from current levels before resuming the downtrend. 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 Analysis Time of analysis: 14h37 UTC Bitfinex 1-Hour Chart From the analysis pages of xbt.social, earlier today: An earlier xbt.social analysis made a technical case in favor of raising our target for this trade from $207 to […]

The post Bitcoin Price: A Marginal New Low appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

A Russian official is speaking out against plans by a leading domestic payment company to release a bitcoin alternative.

A judge has sentenced Florida LocalBitcoins user Pascal Reid to serves 90 days in jail in a ruling that closes a notable legal case from 2014.

IBM is reportedly working on a new project for smart contract creation using the bitcoin code base.

Three and a half billion light years away in the Virgo constellation, two supermassive black holes are on the verge of smacking into one another. In 100,000 years, their cosmic collision will send ripples across the fabric of spacetime.

Read more...

BitPagos has acquired Unisend Argentina, the country's first order-book exchange as part of an undisclosed deal.

The Conference of State Bank Supervisors (CSBS) released its model framework for states to use in designing regulations and made it clear it wants to see state governments take a proactive and rigorous approach to licensing and supervising “virtual currencies” businesses. The Conference report said: “…CSBS concluded that activities involving third-party control of virtual currency, including for the purposes of transmitting, exchanging, holding, or otherwise controlling virtual currency, should be subject to state licensure and supervision.” Coin Center, a Washington based-advocacy group for digital currencies, voiced their objections, saying the conference started out with good intentions but didn’t follow through in this final report. Peter Van Valkenburgh, Coin Center Director of Research, said: “Unfortunately, we’ve strong concerns about the vagueness […]

The post Coin Center: State Bank Supervisors Proposal Good for Lawyers, Bad for Consumers and Innovators appeared first on Bitcoin Magazine.

Latin American bitcoin merchant payment processor BitPagos has acquired Argentinian bitcoin exchange Unisend, to provide bitcoin exchange and trading services on its bitcoin purchasing platform Gravel. BitPagos launched Gravel in August 2014 to enable its users to purchase bitcoin at more than 8,000 Argentinian convenience stores. During that time, BitPagos CEO Sebastian Serraon told Coindesk, “You can go to any location, give them your account in Ripio and the amount of pesos you want to get in bitcoins. Boom: You have some bitcoins.” The acquisition of Unisend will allow the company to operate a fully operated bitcoin exchange on Gravel. “The big change is that … users of the platform will have a new online exchange market in Argentine pesos […]

The post BitPagos Acquires Argentinian Bitcoin Exchange Unisend appeared first on Bitcoin Magazine.

Ledger, a new peer-reviewed scholarly journal, will publish full-length original research articles on cryptocurrency and blockchain technology, as well as any relevant intersections with mathematics, computer science, engineering, law and economics.  Ledger will be published online on a quarterly basis by the University Library System, University of Pittsburgh, as an open-access journal. “The journal Ledger invites authors to submit their original research for the inaugural issue of the very first peer-reviewed academic publication devoted solely to the field of cryptocurrencies and its related subtopics,” says the first Ledger Call for Papers. “Ledger is the first peer-reviewed journal devoted to the inherently interdisciplinary subject of cryptocurrencies, and is proud to be supported by its distinguished editorial board.” The Ledger editorial board includes […]

The post First Peer-Reviewed Academic Bitcoin Journal, Ledger, Launches and Issues Call for Papers appeared first on Bitcoin Magazine.

A round up of the best bitcoin and blockchain quotes from Consensus2015, CoinDesk's inaugural conference held in New York.

Hedge fund titan Bill Ackman, the founder of $19 billion Pershing Square Capital Management, slammed the US government on Tuesday night for keeping all of the profits from mortgage guarantors Fannie Mae and Freddie Mac.

Ackman called it "the most illegal act of scale" he has ever seen the US government do.

Ackman spoke on Tuesday evening during a panel at Columbia University for the launch of Bethany McLean's new book "Shaky Ground." McLean and former Fannie Mae CEO Frank Raines were also panelists. Ackman, however, did most of the talking. 

During the financial crisis, Fannie and Freddie needed massive bailouts and were taken over by the government. It's been seven years since the financial crisis and the companies are still in a state of conservatorship. Today, the government-sponsored enterprises (GSEs) make billions in profits, all of which goes directly to the Treasury.

Ackman, the largest shareholder of Fannie and Freddie, and other investors are suing the US government for taking property for public use without just compensation. 

"And there is no way they will not be allowed to stand, from a legal point of view. And the reason for that is if the US government can step in and take 100% of profits of a corporation forever, then we are in a Stalinist state and no private property is safe—and take your money out of every financial institution, put it into gold or bitcoin and just get the hell out because we're done, maybe the clothes on your back, but other than that nothing is safe," he said.

In Ackman's view, Fannie and Freddie are vital to the US economy. Right now, he said, the biggest threat to the US middle class is rising rental rates.

"If you don't own a home, and you're a member of the middle class, you have a problem," he said. "This is the biggest threat to the middle class livelihood is that your cost of living, the roof over your head is not fixed, it's floating."

Ackman said that Fannie and Freddie were set up to make middle class housing more accessible. Together, they have enabled widespread availability and affordability with the 30-year, fixed-rate, prepayable mortgage—a system that's been in place for 45 years. 

Ackman said he's optimistic about the future of Fannie and Freddie. He has said before that with the right reforms they could be worth a lot more. He has given the GSEs a price target ranging between $23 and $47, which is well above the current $2 range.

Watch the full panel below:  

Join the conversation about this story »

NOW WATCH: 9 non-chemical ways to fall asleep super fast

A decentralized, open-source voting platform called CryptoVoter allows bitcoin holders to vote on bitcoin development issues. The value of each voter’s vote is proportional to how much bitcoin they own, making the system similar to a shareholder referendum. Introduced by startup Lewes, Del.-based Blockchain Innovation Labs Inc., the CryptoVoter uses the block chain to cast and audit votes. The questions are proposed by bitcoin holders. After each poll deadline, the system scans wallet balances of addresses associated with the votes and automatically calculates the total for each answer and displays the results. CryptoVoter Polls Bitcoin Users On Development Issues On […]

The post CryptoVoter Brings Decentralized Voting To Bitcoin; On Oct. 23, Vote To Increase The Block Size appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Whenever you make a Bitcoin transaction, it's recorded on a public ledger called "blockchain." Now, a handful of big banks have partnered (PDF) with New York firm R3 to adopt the cryptocurrency's database system for use in finance. These nine banks...

Cryptocurrencies. Don’t you just love them and 2015 has certainly seen a plethora of debate and discussion around cryptocurrencies and the Blockchain. The way we use money and make payments is also changing. And, now with the OpenLedger, a decentralized exchange platform, Denmark’s Crypto Coins Exchange DK Aps (CCEDK) is positioning itself and jockeying to be at the forefront of the revolution.

California's AB-1326 bill, which attempted to regulate virtual currency businesses, has been made inactive at the request of a state senator.

Ever typed 'Bitcoin' into Google? Chances are you had some specific questions you wanted answered. CCN has learned that Google offers some interesting suggestions after typing ‘Bitcoin is’ into the Google search bar through their auto-complete function. When you click enter and search Google’s first auto-complete suggestion, “bitcoin is dead,”  numerous articles - and even websites - dedicated to the ‘bitcoin is dead’ phenomenon pop up. Here's what the auto-suggestions look like for many people when logged out of Google: News of Bitcoin’s death have been greatly exaggerated in the past. At the website Bitcoin Obituaries, you can read all […]

The post According to Google Bitcoin is Dead appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

DETROIT (Reuters) - Fiat Chrysler Automobiles and the United Auto Workers union reached a tentative agreement for a new labor contract for the company's 40,000 unionized workers in the United States on Tuesday, the union and the company said.

The deal, which must now go before Fiat Chrysler Automobiles unionized workers for ratification, ends the threat of a strike that could have crippled production of the Italian-American automaker's most profitable vehicles.

The proposed pact was agreed by negotiators who worked through most of the night into Tuesday afternoon after the old four-year contract was extended beyond its expiration on an "hour by hour" basis.

FCA Chief Executive Sergio Marchionne and UAW President Dennis Williams will hold a press conference later on Tuesday.

(Reporting by Bernie Woodall and Joseph White; Editing by Chris Reese)

Join the conversation about this story »