CoinDesk, 1/1/0001 12:00 AM PST The CFTC has confirmed that bitcoin and other digital currencies are commodities covered by the Commodity Exchange Act (CEA). |
CryptoCoins News, 1/1/0001 12:00 AM PST Bitcoin price has bounced from yesterday's low and exuberant buying is trading price higher. For now the indications are that price is advancing in a correction - a bull trap. 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: 15h00 UTC Bitfinex 1-Hour Chart From the analysis pages of xbt.social, earlier today: The wave up has reached our expected target but we now face a dilemma: The last hour's candle closed above our […] The post Bitcoin Price Bounces Higher appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST Budafoods, a certified organic farm and food supplier located in the Sunshine Coast Hinterland, Queensland, Australia, is attempting to create a closed bitcoin economy among farmers and to encourage its partners, supporting businesses and community to accept bitcoin. Over the past few years, online payment services and platforms such as PayPal and banking systems have negatively affected businesses in the area, including Budafoods and the local businesses the farm supplies. Apart from the substantial fee for transactions and payments, PayPal and the bank transfers have been extremely inefficient, freezing funds for weeks at their will. In search for a cheaper, yet quicker, payment method, Budafoods founder Mark Burgunder came across bitcoin, a decentralized currency which enables instantaneous and cheap transactions […] The post Closing the Loop: Australian Organic Farm Creates a Local Bitcoin Economy Among Farmers appeared first on Bitcoin Magazine. |
CryptoCoins News, 1/1/0001 12:00 AM PST Qiwi, a Russian payment system operator, plans to begin issuing a cryptocurrency called “bitrubles” in 2016 and has met opposition from local officials, according to Kommersant, the business daily, and PRIME, a Russian news service. Officials fear the cryptocurrency could fund terrorism and money laundering. Sergei Solonin, CEO of the company, said Qiwi has already started designing the “bitruble” and the project may require several hundred million rubles. Lawyer: Central Bank Must Authorize Currency Only the central bank is authorized to emit money in the country, according to law firm Herbert Smith Freehills’ advisor Stanislav Grigoryev. “That is why they cannot launch […] The post Russian Payment Operator Qiwi Plans to Launch Cryptocurrency; Government Objects appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST ARK Investment Management LLC (ARK), an active manager of thematic Exchange Traded Funds (ETFs), announced that the ARK Web x.0 ETF has become the first ETF to invest in bitcoin. ARK has made its investment for ARK Web x.0 ETF through the purchase of publicly traded shares of Grayscale’s Bitcoin Investment Trust. The ARK Web x.0 ETF trades on the NYSE Arca exchange with the symbol ARKW. Securities within ARKW are related to cloud computing, Big Data, sharing services and social media, digital education, wearable technology, data mining, Internet of Things (IoT) and now cryptocurrencies. Like the other ARK ETFs, ARKW can be purchased by investors through various trading platforms, including Fidelity, Schwab and E-Trade. “We’re believers in bitcoin, the currency, […] The post Wall Steet Interest in Bitcoin Grows with ARK Fund Investing in Silbert’s Bitcoin Investment Trust appeared first on Bitcoin Magazine. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST A group of students from Boston University has set out to build a commodity derivative exchange for digital currencies, allowing those who hold large amounts of bitcoin to hedge against market volatility. Alt-Options, co-founded in June 2014 by Joe Zhou, Kevin Foo and Marco Cuesta, aims to act as the Chicago Mercantile Exchange for bitcoin, allowing digital currency derivatives to be publicly bought and sold instantly on its platform. The new platform launches in this month with a competition in collaboration with the College Cryptocurrency Network. For the uninitiated, financial derivatives are simply contracts agreed upon between two parties: whoever holds the asset, in this case, bitcoin, and whoever wants to speculate on the future price of the asset. One […] The post Alt-Options Launches Bitcoin Derivative Market appeared first on Bitcoin Magazine. |
CoinDesk, 1/1/0001 12:00 AM PST ChangeTip, the popular bitcoin tipping platform, is adding USD support to woo users currently put off by bitcoin's reputation. |
CoinDesk, 1/1/0001 12:00 AM PST The CEO of Russian bank Sberbank has admitted to owning a "small amount of bitcoin", after an official branded a 'BitRuble' project "illegal". |
CryptoCoins News, 1/1/0001 12:00 AM PST Bitcoin payments processor BitPay Inc. is the latest victim in a series of massive hacking scandals that have rocked the cryptocurrency community. The Atlanta-based Bitpay was hacked on three separate occasions in December of 2014. More than 5 000 bitcoins were stolen. Subsequent to this, BitPay sent a claim to its insurer Massachusetts Bay Insurance Company, and the latter declined to pay. The matter is now in court. A Suspect Email It began with an email that was sent to BitPay’s Chief Financial Officer (CFO) Bryan Krohn. Court documents give the identity of the email’s sender as David Bailey. David […] The post BitPay Hacked, 5 000 Bitcoins Stolen appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
CoinDesk, 1/1/0001 12:00 AM PST Bitcoin payment startup PEY has raised €300,000 ($339,780) in seed funding for a new payroll service. |
CryptoCoins News, 1/1/0001 12:00 AM PST From Gyft to Fold App to Yes To Bitcoins, there are numerous places you can buy gift cards with Bitcoin. See our list below for more. #1. Gyft - Gyft is a digital gift card platform that lets you manage your gift cards, as well as enables businesses to offer easy reward and loyalty programs. The site recently saw a drop in usage by Bitcoiners of 80%. #2. Fold App - With the fold app, you can get a cup of coffee at Starbucks. Foldapp CEO Matt Luongo told CCN his company had delivered more than 2,000 purchases by summer 2015. #3. Purse.io - Purse.io hooks […] The post 7 Places To Buy Gift Cards With Bitcoin appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
CoinDesk, 1/1/0001 12:00 AM PST Bitcoin payment processor BitPay has filed suit against a Massachusetts insurance company after losing $1.8m during a phishing attack last December. |