Circle Financial Plans to Launch a New Investment App Next Year

Circle Financial Plans to Launch a New Investment App Next Year

This week the Dublin-based firm Circle Financial revealed a new investment app is coming out in 2018. There’s currently a sneak peak of the “Circle Invest” app that shows multiple cryptocurrency support and a picture of the user interface.

See also: How to Buy Bitcoin When You’re Underage   

Circle is Excited to Release a New Crypto-Based App for Retail Investors

Circle Financial Plans to Launch a New Investment App Next YearCircle financial is a cryptocurrency-based firm that was launched back in 2013 and operated a service much like the company Coinbase. The company had done very well for itself over the years raising $136Mn in venture capital. Average investors could use the Circle app to purchase and sell bitcoin but the firm stopped these services more than a year ago. Instead, they focused on large Over-the-Counter (OTC) trading for exchanges and institutional investors. Just recently news.Bitcoin.com reported on Circle’s latest project Centre and it’s Trigger Finance acquisition. Now the firm will launch its latest investment app during the new year as the firm details;

Invest in digital currency without investing a lot of time deciphering the market. Circle started in 2013 and we’ve worked in crypto ever since. We’re excited to unveil our latest endeavor.  

Circle Invest Will Boast Multiple Cryptocurrencies and No Commissions

Circle Financial Plans to Launch a New Investment App Next Year
Sneak peak of Circle’s new investment app.

Users can sign up for a wait-list to try the new Circle Invest app by entering their email. According to Circle, there will be no commissions, custodial accounts, liquidity, multiple cryptocurrencies and secure storage. The app’s user interface (UI) reveals the variety of digital assets supported by the platform which includes bitcoin, ethereum, ripple, bitcoin cash, and litecoin. It’s likely the acquisition of Trigger Finance is helping the firm produce the Circle Invest app.

The mobile investment platform Trigger has served thousands of retail investors by tracking U.S. equities, commodities, and even cryptocurrencies. Circle says its use of digital assets and using public blockchains as payment rails combined with Trigger’s expertise will leverage Circle’s “infrastructure and trading operations in the form of new mobile products for individual retail investors.”

What do you think about Circle coming back with a new investment app? Let us know in the comments below.


Images via Shutterstock, and Circle Financial.


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Markets Update: Bitcoin’s Price Jumps to an All-Time High Above $11,300

Markets Update: Bitcoin's Price Jumps to an All-Time High Above $11,300

The price of bitcoin continues to rise after our previous price report yesterday afternoon. At the time bitcoin’s price smashed through the $10,000 region across global exchanges. The BTC rocket ship’s engines kept on going reaching an all-time high of $11,395 during the early morning hours of November 29.

See also: How to Buy Bitcoin When You’re Underage

Bitcoin Reaches $11,395 Across Global Exchanges

Bitcoin’s price upwards has been an intense ride as the currency has gained $2000+ in value over the past two days. At the moment one bitcoin has a weighted price average of around $11,100-11,200 on exchanges. Bitcoin trade volume over the past 12-hours has doubled reaching a feverish volume of $9.2Bn. The Japanese yen is taking its share, with 64 percent of the global trade volume. Meanwhile, the USD, EUR, and KRW have a vast majority of the rest of the trade volume pie as every other currency has less than 1 percent of the market share. Bitfinex is the top exchange on November 29 followed by Bithumb, GDAX, Bittrex, and Bitflyer.

Markets Update: Bitcoin's Price Jumps to an All-Time High Above $11,300
Bitcoin touches a new all-time high at $11,395 per BTC.

Technical Indicators

Looking at the charts show during the November 28 overnight, bitcoin’s price reached $10,650 and subsequently had a flash drop to $9,940. Bullish pressure regained strength immediately after jumping back to the $10,800 region. Looking at the Simple Moving Averages today both the short term 100 and long-term 200 SMA still have a wide gap, but it seems like they may converge in the near future. The move towards these two trend lines crossing paths indicates a correction is likely in the cards. The Relative Strength Index and Stochastic oscillators also reveal a similar story as these two indicators reveal oversold conditions. If we see a pullback look for some strong foundations between $10,200-10,400. However, in the short term, breaking resistance above the $11,500 region is not too far off from sight. Order books show bulls have been cutting through sell walls like butter all night and they haven’t let up yet. Bullish sentiment may see resistance stops at $11,600-11,800.

Markets Update: Bitcoin's Price Jumps to an All-Time High Above $11,300
The 100 (green) and 200 SMA (white) seem to be getting closer to convergence.

Digital Asset Markets In General

Cryptocurrency markets, in general, are doing quite well with a market capitalization of roughly $341Bn. The 24-hour volume between bitcoin and the 1325 other cryptocurrencies has reached an all-time high at over $20Bn. Among all the digital assets bitcoin is commanding about 54 percent of the total cryptocurrency market capitalization worldwide. The top ten digital assets are currently all in green seeing percentage increases across the boards. Ethereum is up 8.7 percent at $513 per token. Bitcoin cash (BCH) is doing well on November 29 as markets are up 2 percent leading to BCH prices around $1610. Ripple (XRP) is up 6 percent at 28 cents per token and Bitcoin Gold (BTG) is up 1.2 percent at $345 per BTG. Lastly, litecoin (LTC) has reached a global average of $105 per LTC as its markets are up 11 percent. Notable mentions this week include the top ten newcomer Cardano (ADA) which increased 150 percent in the past 24-hours.

Markets Update: Bitcoin's Price Jumps to an All-Time High Above $11,300
Cryptocurrency markets now command a $341Bn market capitalization.

The Verdict: One Giant Price Meme

Community sentiment across forums and social media show cryptocurrency enthusiasts are elated seeing the price spikes. Market optimism seems decent as well but traders are now talking about the next “big correction” and that markets are “due for a dip.” Right now the price has been a focal point over the past three days as the web has been littered with a thousand price memes. Alongside this, proponents are wondering what will happen to the price when Cboe and CME’s bitcoin-based futures markets arrive as well. Some believe the thrilling 2017 rollercoaster ride is not quite over yet.

Markets Update: Bitcoin's Price Jumps to an All-Time High Above $11,300

Bear Scenario: At the current vantage point many traders believe a correction is due, and  that it’s just a matter of when and to what degree. There is some decent support around the $10,200-10,400, but they may not last if sell pressure picks up.

Bull Scenario: Bulls are trying to consolidate above the $11K zone and with the amount of buy pressure we see right now it just might stay above this zone for a little while. Key resistance to watch is $11,550-$11,800

Where do you see the price of bitcoin heading from here? Let us know in the comments below.

Disclaimer: Bitcoin price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Pixabay, Bitstamp, Phneep, Bitcoin Wisdom, and Coinmarketcap.com


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Love It or Hate It: Anarcho-Capitalist Luminaries Weigh In On Bitcoin

Love It or Hate It: Anarcho-Capitalist Luminaries Weigh In On Bitcoin

Bitcoin is a fascinating monetary tool that many believe will help fight the central banking system, corrupt economic planning, and help stop a small group of individuals from controlling the world’s money supply. Often times bitcoin is associated with anarcho-capitalism, free markets, and sometimes the Austrian school of economics. Today we will look at a large group of anarcho-capitalists, ‘gold bugs,’ and well-known economists to see how they feel about the bitcoin revolution.

Also Read: The Age of Disruption: Individual Anarchism Grows Alongside Peer-2-Peer Devices

Libertarian Luminaries and Anarcho-Capitalist Personalities Weigh In On Bitcoin Over the Years

Some people believe the decentralized cryptocurrency bitcoin is a tool that Austrian economists, anarcho-capitalists, libertarians, anarchists, and agorists should embrace. However, the many luminaries that have studied the works of Ludwig von Mises, and Murray Rothbard are still unsure about bitcoin. Some have embraced the cryptocurrency right away, while other individuals who pride themselves as ‘gold bugs’ changed their tune after initially dismissing bitcoin. Either way, bitcoin is very much a part of the anarcho/libertarian based ideologies and has been for quite some time.

Doug Casey

Love It or Hate It: Anarcho-Capitalist Luminaries Weigh In On Bitcoin The writer and anarcho-capitalist, Doug Casey, is well known for his economic beliefs and essays about politics and markets. A few years ago Casey did not like bitcoin and dismissed the cryptocurrency when asked if he supported the new technology. However, these days Casey has a different perspective as the writer believes bitcoin is money, but he’s not confident it will last.

“As far as the cryptocurrencies are concerned, my original objection to Bitcoin was that it’s not backed by anything — So, it’s really a fiat currency — It’s very much like the US dollar, the Zambian Kwacha, the Argentine peso, or any of the other 150-plus currencies in today’s world — It’s a floating abstraction,” Casey explains in a recent interview.

But I missed something when I said, back then, that it had no value. It’s a fiat currency, but it has much more value than any other.

Dr. Ron Paul

Love It or Hate It: Anarcho-Capitalist Luminaries Weigh In On Bitcoin Ron Paul is a former U.S. politician and a very popular Libertarian. Many believe Paul had sparked the interest of libertarianism in the minds of thousands of people when he ran for the U.S. presidency three times. Paul is also an author who wrote the famous book “End the Fed” among other classic works, as well as a student of the Austrian school of economics. The former politician has always been a fan of gold and precious metals, and at first, Paul was bit hesitant about bitcoin. However, Paul has changed his mind over the years as he now does television ads for a cryptocurrency IRA. During the cryptocurrency IRA commercial Paul states;

As a firm believer in currency competition, I’m excited to see the options what bitcoin opens up.     

 Robert Murphy

Love It or Hate It: Anarcho-Capitalist Luminaries Weigh In On Bitcoin Robert Murphy is an anarcho-capitalist and popular writer and scholar at the Mises Institute website. Murphy likes bitcoin, and has co-authored a book called “Understanding Bitcoin: The Liberty Lovers Guide to the Mechanics and Economics of Cryptocurrencies.” In Murphy’s guide, he explains that bitcoin has become a medium of exchange and the often touted ‘Mises Regression Theorem’ has no relevance.  

“We are not predicting that bitcoin will eventually become a genuine money, rather we are arguing that at this point, the regression theorem of Ludwig von Mises has no bearing on the question at all,” explains Robert Murphy and Silas Barta’s book.    

Whether bitcoin becomes a money, or forever remains a medium of exchange, is a purely empirical question to which the regression theorem has no relevance.

David Kramer

Love It or Hate It: Anarcho-Capitalist Luminaries Weigh In On Bitcoin David Kramer, another libertarian-leaning writer for the anti-state, anti-war, and pro-market website Lewrockwell.com, does not like bitcoin. Back in 2011, Kramer wrote an article called “Bitcoin: Just Another Bogus Medium of Exchange” and compared the decentralized currency to the now-defunct e-gold system. Kramer argues that bitcoin’s previous value was zero, and because it’s “bits in a computer” it still is zero. Only the free market can determine a fixed monetary source, “not a computer programmer,” explains the author. Kramer’s arguments have been refuted by many well-known bitcoiners like Jon Matonis.

Peter Schiff

Love It or Hate It: Anarcho-Capitalist Luminaries Weigh In On Bitcoin The notorious Peter Schiff is a gold bug and American investor who has hated on bitcoin for quite sometime. Nearly every time Schiff talks about bitcoin he relates the technology to the likes of collectible Beanie Babies and ‘tulip mania.’ It doesn’t seem like Schiff will ever appreciate bitcoin due to the fact it doesn’t have intrinsic value. News.Bitcoin.com has reported on Schiff’s many arguments against bitcoin over the years and his recent debates with the bitcoin proponent and RT talk show host Max Keiser, and CNBC’s Brian Kelly.

“It’s digital ‘fools gold,’” declares Schiff on CNBC. “You know today’s bitcoins are like beanie babies. The whole principle behind bitcoin was to replicate the properties that made gold uniquely suited to be money and act as an alternative to fiat currencies. But it’s not really viable as a money — I mean it is a potential medium of exchange, but it’s not a store of value.“

Konrad Graf

Love It or Hate It: Anarcho-Capitalist Luminaries Weigh In On Bitcoin Konrad Graf is a well-known writer and economist that has published many articles on bitcoin monetary theory. Graf has written essays such as the “On the Origins of Bitcoin,” the “Bitcoin Decrypted Series,” and more recently “Are Bitcoins Ownable?” Back in November of 2015 Graf spoke with news.Bitcoin.com and told our readers that “bitcoin is among the greatest inventions in history.”   

“My ‘On the Origins of Bitcoin’ also focuses on differentiating the pure theory aspect from historical and anthropological approaches,” Graf explains. “It seeks to integrate both Menger’s and Mises’s contributions with some distinctive insights from Nick Szabo (aspects of “Shelling Out: On the Origins of Money”) into a single account that can handle bitcoin, shell beads, silver coins, and anything else, all in a way I argue is compatible with the Misesian regression theorem.”

Hans-Hermann Hoppe

Love It or Hate It: Anarcho-Capitalist Luminaries Weigh In On Bitcoin The German-born American Hans-Hermann Hoppe is a popular anarcho-capitalist and Austrian School economist. Hoppe doesn’t believe bitcoin is money and has never been a fan of the cryptocurrency at least in public. However, the economist does think a radical form of decentralization will end the nation states and wreak havoc on the parasites pushing for democracy. Hoppe explained this position last year stating;

Don’t put your trust in democracy, but neither should you trust in a dictatorship. Rather, put your hope into radical political decentralization, not just in India and China, but everywhere.

Dr. Walter Block

Love It or Hate It: Anarcho-Capitalist Luminaries Weigh In On Bitcoin The well known Walter Block is an Austrian School economist and anarcho-capitalist theorist. Block is also a senior fellow of the Ludwig von Mises Institute in Alabama. The economist doesn’t seem to appreciate bitcoin and has stated it goes against Carl Menger’s monetary theory and has said it only exists because gold is suppressed.

“I favor money based on real commodities (gold, silver, whatever the market settles upon), and, I gather, bitcoins do not qualify — So, I oppose bitcoins,” explains Block.

I favor 100% backed (by a commodity) currency for reasons that Rothbard and Mises have written about, over and over again.

Gary North

Love It or Hate It: Anarcho-Capitalist Luminaries Weigh In On Bitcoin One particular Austrian economist who dislikes bitcoin is Gary North. In fact, North believes “bitcoin is the second biggest Ponzi scheme in history” in one of his controversial essays. North discusses the primary aspects of what a Ponzi scheme is and how the origin of money works using the Austrian school of economics. North’s anti-bitcoin rhetoric has been refuted several times by other economists but the Lewrockwell.com and Mises Institute author has not been swayed.

“I hereby make a prediction: Bitcoin will go down in history as the most spectacular private Ponzi scheme in history,” details North.

It will dwarf anything dreamed of by Bernard Madoff. (It will never rival Social Security, however.)

Jeffrey Tucker

Love It or Hate It: Anarcho-Capitalist Luminaries Weigh In On Bitcoin The author and economist Jeffrey Tucker is the director for digital development for the Foundation for Economic Education (FEE) and a well-known bitcoin advocate. Tucker has written many articles about the prospects of bitcoin, decentralization and digital entrepreneurship. At one time Tucker was a skeptic but soon become a very passionate believer in the cryptocurrency revolution.

“Distributed networks change so much, perhaps everything,” Tucker details back in 2015.

As capital, it is not owned by any one institution, which is amazing. And yet it puts massive economic power into the hands of the individual.

Stefan Molyneux

Love It or Hate It: Anarcho-Capitalist Luminaries Weigh In On Bitcoin The Irish born Canadian Stefan Molyneux was once a big proponent of bitcoin but has since quieted down about the subject. The anarcho-capitalist now alt-right libertarian is well known for his Freedomain podcasts, books, and YouTube videos. One video called, “The Truth About Bitcoin” is a very in-depth depiction of how Molyneux believes Bitcoin could be a tool to end the nation states.

“If we have a bitcoin universe, you don’t get to print money for war,” Molyneux once stated.

You don’t get to have money for a prison/industrial complex. You don’t get money for a war on drugs. You have to ask the people.

Is Bitcoin Anti-State, Anti-War, and Pro-Market?

There are many more well known Austrian economists and anarcho-capitalists who have a wide range of different views about bitcoin. We really can’t say what Mises, Menger or Rothbard would say about bitcoin with them not being around to witness the internet and blockchain technology. What we can do is formulate our own opinions by reading their works like the Misesian regression theorem, and other theories of what makes money. There are plenty of Austrian economists like Konrad Graf, Daniel Krawisz, and Robert Murphy who believe in bitcoin. It may take a long time for some of these other personalities to accept bitcoin, and some of them like Peter Schiff may never accept it at all.

What do you think of these economists and libertarian philosophers who are for or against bitcoin? Let us know what you think in the comments below.


Images via Pixabay, the Mises Institute, FEE, Lewrockwell.com, and wiki commons.


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12.6M Viewers Will Hear About Bitcoin Watching The Big Bang Theory

12.6 Million Viewers Will Hear About Bitcoin Watching The Big Bang Theory

Bitcoin will be featured on another television series, The Big Bang Theory, airing this Thursday on November 30, 2017. In fact, the entire episode will be based on a bitcoin storyline as the cast finds a laptop with a cache of valuable cryptocurrency.

See also: Bitcoin Touches a Milestone Price of $9K Across Global Exchanges

The Bitcoin Entanglement

The Big Bang Theory is a popular American television sitcom that’s featured on the network CBS. The show revolves around a group of geeky characters who reside in Pasadena, California. The Big Bang Theory (BBT) has become a top-rated broadcast filled with engineering jokes, comic book collections, and quirky memorabilia. The show is currently airing its 11th season, and this coming Thursday’s show will be called “The Bitcoin Entanglement.”

12.6 Million Viewers Will Hear About Bitcoin Watching The Big Bang Theory

Purchasing a Tiger

During episode 7, the BBT cast finds a laptop that belongs to Penny’s ex-boyfriend Zack that contains bitcoins. In the show, Howard exclaims, “I can’t believe a single bitcoin is worth $5,000 dollars,” to which Leonard replies, “Didn’t we mine some a few years ago?” After the discovery, the cast envisions spending the bitcoins on lavish items. For instance, Raj details to Leonard he’d like to purchase “a tiger” with his share of the money. However, Sheldon decides to mess with the gang after they choose to remove him from the investment split.

Following this, Howard opens up the wallet on the laptop and Leonard asks, “How much is in there?” “It’s empty,” Howard explains. Meanwhile, the mischievous Sheldon seems to have an inclination to where the funds are stored.

12.6 Million Viewers Will Hear About Bitcoin Watching The Big Bang Theory        

12.6 Million Viewers Will See a Humorous Television Broadcast Filled With Bitcoin Anecdotes

It’s safe to say that bitcoiners are excited to see their favorite cryptocurrency on a well-known televised sitcom. The BBT seasons have seen exponential ratings rises since the last season by capturing a 2.6 rating for adults between the ages of 18-49. This means that at 8pm EDT this coming Thursday over 12.6 million viewers will hear about bitcoin, mining, and wallets in a comedic fashion.

Furthermore, as bitcoin has gained in popularity, the decentralized currency has been featured on many television broadcasts over the years. This includes shows like The Good Wife, Mr. Robot, The Simpsons, and even on Jeopardy. The Big Bang Theory’s upcoming show was also filmed a while back when bitcoin was averaging $5K per BTC. Now bitcoin has almost doubled that in the last month at $9,000 per BTC, and a whopping $150B market cap. This week’s BBT episode is sure to bring more attention towards the ‘Internet of Money’ alongside a touch of laughter.

What do you think about the Big Bang Theory doing an entire episode dedicated to bitcoin? Let us know in the comments below.


Images via Fungyung.com, CBS, and SpoilerTV.


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Bitcoin Touches a Milestone Price of $9K Across Global Exchanges

Bitcoin Touches a Milestone Price of $9K Across Global Exchanges

The price of bitcoin has crossed the $9,000 USD zone across global exchanges on November 26, 2017, at approximately 10:40 am EDT. Earlier this year, bitcoin’s meteoric price rise had crushed those who believed it would tank when it passed $2K, and has continued to exceed some of the more modest expectations.

See also: New Trading Tip Column `Writing On The Wall´ says “Sell Bitcoin Gold”

Bitcoin Crosses the $9K Region

Bitcoin Touches a Milestone Price of $9K Across Global ExchangesBitcoin is on the tip of everyone’s tongues these days, as the decentralized currency has breached many all-time highs month after month. 2017 has been spectacular as far as the currency’s value is concerned, with bitcoin rising over 700 percent this year alone. For instance, back in January the price finally breached $1,000 per BTC, but then kept roaring all year long. On October 7 the price surpassed $4,500 which was half of what it is today, and you could have bought the dip on November 12 when the price was $5,850. Although the present value of bitcoin has astonished many, how quickly it has risen has been a shock to most. The currency is now being taken very seriously by naysayers, with it’s massive $150B market capitalization. At press time the price per BTC is at an all-time high of $9020 per token.  

Milestone After Milestone, Bitcoin Just Won’t Quit

The cryptocurrency’s market price isn’t the only milestone of bitcoin’s ninth year of life. The currency is being used more than ever before – as there are roughly 250,000-375,000 transactions confirmed on the network every single day. Further, well over three-quarters of the cryptocurrency has been mined so far leaving just 4.3M bitcoin’s left to mine. Bitcoin mining is more profitable than ever – with 24 pools splitting the current hashrate. Right now, the biggest mining pools in the industry as far as hashrate is concerned include Antpool, Viabtc, BTC.com, Slush, and BTC.top. Hashrate itself is massive, as miners at press time are processing over 10 exahash per second, and on October 24 the hashrate surpassed 12.5 exahash. In contrast to the positive news regarding bitcoin during 2017, the network has experienced congestion and significantly higher fees this year as well.

Bitcoin Touches a Milestone Price of $9K Across Global Exchanges

Technical Indicators

Looking at the charts since our last markets update, we can see some massive resistance up to $9300. During our previous analysis, the two 100 & 200 Simple Moving Averages (SMA) were parting ways after crossing paths earlier this week. Now the short term SMA is well above the long-term trend line indicating bulls may break key resistance quite easily. There is a bit of sell off with consolidation trying to form, as both the RSI and Stochastic show oversold conditions. Bitcoin’s price could see a correction in the near future, but it depends on the when buyers run out of steam. If a drop takes place, order books and some Fibonacci retracements indicate some possible $8,500-8,800 scenarios short-term. For now, bitcoin is trying to hold steady above $9K to keep the momentum going.

Bitcoin Touches a Milestone Price of $9K Across Global Exchanges
Bitcoin smashed an all-time high of $9020 per BTC on Bitstamp at 10:40 am EDT.

Global Interest

Bitcoin has had a fashionable year all around, as mainstream media and the masses are taking notice of the currency’s benefits. Every single top publication and television news channel worldwide has mentioned bitcoin this year, and most of them are talking about it optimistically – with mainstream media highlighting the decentralized currency in some form multiple times a week these days. Media pundits are all talking about bitcoin mining, people using the currency, and, of course, the significant price rise.

Bitcoin Touches a Milestone Price of $9K Across Global Exchanges
Bitcoin interest according to Google trends has risen exponentially.

In addition to the media attention, citizens all across the globe hear about bitcoin far more often than they did in the past. Back in 2015, you could ask someone about bitcoin, and they wouldn’t know what you were talking about. Now, a friend of a friend or family member who knows a cousin just so happens to mine bitcoin – it’s like suddenly everyone knows about bitcoin!

Alongside this, the world’s citizen’s are using BTC in great number where economies are failing; capital controls are tightening, austerity measures are getting worse, and national currencies are suffering from hyperinflation. These countries include places like Venezuela, China, Zimbabwe, Mexico, and many other areas around the world. And we can’t forget about Japan whose been one of the friendliest nations towards bitcoin so far, as the country has legalized BTC for payments across the land. Japan has streamlined thousands of merchants who accept bitcoin, and roughly 88% of the country’s people have heard about BTC.

Are We Nearing the Moon or Are We Not Even Close?

Bitcoin has become a serious contender in the world as far as money is concerned. Reaching $9K per BTC is just one feat this technology has seen this year, and enthusiasts are celebrating it all. As bitcoin slowly creeps towards $10,000 per BTC, people are starting to question where the moon really will be? $10K, $50K, $100K or maybe a million? The kids keep asking where that confounded moon will be?

Where do you see the price of bitcoin heading from here? Let us know in the comments below.

Disclaimer: Bitcoin price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images courtesy of Shutterstock.


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Payment Provider Billdesk Creates New Indian Crypto-Exchange

Payment Provider Billdesk Creates New Indian Crypto-Exchange

Cryptocurrency has become increasingly popular in India these days and now one of the country’s leading payment service providers, Billdesk, has created an exchange to meet the needs of India’s rising bitcoin demand.

Also read: Local Japanese Government Considers ICO to Revitalize Region

A New Indian Cryptocurrency Trading Exchange Called Coinome Backed by the Billdesk Initiative

Payment Provider Billdesk Creates New Indian Crypto-ExchangeBilldesk is a well-known payment services brand in India founded in 2000 by Karthik Ganapathy, M.N. Srinivasu, and Ajay Kaushal. The online payments firm is based in Mumbai, and is a financially independent firm monitored and regulated by the Reserve Bank of India. The company’s new venture Coinome claims to be created by “cryptocurrency enthusiasts and research experts who have been developing secure payment and banking solutions for nearly a decade.”

“We are an Indian cryptocurrency trading exchange, built to offer a feature-rich user experience with no compromise on security,” explains the trading platform’s welcome page. “As a 24×7 exchange, we strive to offer our services without any downtime or delays — We allow our users to trade round the clock without any limits on Business Hours or Holidays.”

Payment Provider Billdesk Creates New Indian Crypto-Exchange

Promoting Cryptocurrencies to the Indian Masses as Commercially Viable Alternatives

The Coinome exchange also details that traders in India can begin trading immediately due to the firm’s “instant e-KYC” service managed by Hatio Innovations Pvt. Ltd. The exchange operators detail they aim to support roughly 20 cryptocurrencies soon but for now the exchange deals in bitcoin (BTC), rupee (INR), and bitcoin cash (BCH).

“We would fundamentally like to provide Indian users with a secure and convenient means for buying and selling Bitcoins, alongside other cryptocurrencies,” says Coinome’s CEO, Vivek Steve Francis.

In one year, our target is to support up to 20 popular cryptocurrencies and promoting them to the Indian masses as commercially viable alternatives for building their digital assets.

Payment Provider Billdesk Creates New Indian Crypto-Exchange

e-KYC and Coinome’s Trading Fees

Instant access to BTC-INR and BCH-INR trading is given to Indian citizens who provide their aadhar number alongside a registered phone number. Coinome sends the user one-time registration credentials and once verified the person can utilize the site’s services. Trading fees are charged on a per trade basis and a trade commission of 0.1% (maker) and 0.3% (taker) is taken. Minimum trade commissions are 0.1 INR, 0.000001 BTC, 0.000001 for BCH and deposits and withdrawals are free. However, Coinome has a limit on withdrawals for BTC and BCH limiting users to a 50 token withdrawal period per currency a day.

What do you think about the new Indian exchange Coinome? Let us know your thoughts in the comments below.

Disclaimer: Bitcoin.com does not endorse nor support this product/service.
Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Images via Shutterstock, Coinome, and Billdesk. 


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Developers Invoke the Idea of Bitcoin Cash-Based Colored Coins

Developers Invoke the Idea of Bitcoin Cash-Based Colored Coins

This week the Openbazaar developer, Chris Pacia, got the bitcoin cash (BCH) community excited about the possibility of using ‘Colored Coin’ technology with the BCH protocol. The idea initially came from the Bitcoin Unlimited (BU) developer, Andrew Stone, this past October, but Pacia delves a bit further into the idea of a layer of digital assets created on the bitcoin cash blockchain.

Also Read: Rare Pepe Blockchain Cards Have Produced More Value Than Most ICOs

Colored Coins May See a Revival

The concept of Colored Coins working for bitcoin was once a vivid dream for many within the community. Although, the idea has lost its sparkle over the past two years, there are still a few efforts working on this technology. Colored Coins are basically attachments of metadata that give different attributes to the crypto-based funds being exchanged. The added data comes from the bitcoin protocol’s scripting language that effectively changes the funds into ‘representative tokens.’ This ‘coloring’ method running on top of a blockchain can make these tokens represent real-world things like securities, gold, stocks, bonds, real estate, and everything else under the sun.

Developers Invoke the Idea of Bitcoin Cash-Based Color Coins
The concept of colored coins or decentralized asset management. Colored coins can represent any type of asset. 

A Few Colored Coin Concepts and Another Idea

Developers Invoke the Idea of Bitcoin Cash-Based Color CoinsOne method of coloring coins is called, ‘Open Assets,’ a scheme that relies on the protocol’s OP_RETURN operator. Another idea that tethers data to transactions was created by the organization, Colu. The technology created by Colu offers an implementation that employs bitcoin’s OP_RETURN field. Further, there is another procedure called EPOBC or ‘color kernels’ which encode color values associated with bitcoin’s transaction outputs. Back in October, BU developer Andrew Stone described in great detail all of the above methods and explained that color coins could be useful on the bitcoin cash network. Additionally, Stone has a different idea of coloring coins for the BCH chain.  

“The ability to create representative tokens within the Bitcoin Cash blockchain, if done properly, could allow the tokens to take advantage of all of Bitcoin’s basic features (permissionless, trustless, no 3rd party, pseudo-anonymity, etc.), all of the scripting features, and the nearly frictionless exchange of the representative token with Bitcoin Cash and other tokens,” explains Stone.

This feature enhances Bitcoin Cash from “an electronic payment system” (as worded in the Bitcoin white paper) into “an electronic exchange system.”

  The Fundamental ‘Killer App’

Stone explains he would like to propose a new implementation of colored coins for Bitcoin Cash. “One that can be implemented by adding a single opcode to clients, and has advantages compared to existing proposals,” explains the developer. “The fundamental ‘killer app’ advantage of this proposal compared to others is that it allows SPV wallets (phone wallets) to handle representative tokens using the same security model and mechanism as SPV wallets handle Bitcoin today.”

Developers Invoke the Idea of Bitcoin Cash-Based Color Coins

Openbazaar Developer Thinks the Idea of Representative Tokens for Bitcoin Cash is Worth Pursuing

Developers Invoke the Idea of Bitcoin Cash-Based Color Coins
Chris Pacia.

Following Stone’s proposal on November 22, the developer Chris Pacia wrote a post on the Yours Network that provides “a plain English explanation of his proposal.” Pacia explains the method through written code alongside an explanation of the process. The Openbazaar developer explains the only incorporated requirement the Bitcoin Cash protocol would need is when a transaction has a colored input, an equally valued colored output must be added as well.      

“The only two exceptions to this rule would be the Mint and Burn (uncolor) transactions,” Pacia details. He further explains the process of minting and burning colored assets alongside how someone could create a fixed supply.  

“This is a pretty interesting proposal. I know some people will say ‘why not just use ethereum?’ — Sure, that works — But if you’re already building an app which uses Bitcoin Cash for payments it would be a royal pain to also have to bundle an Ethereum node with your app just to get access to a token.”

This protocol gives you a fairly lightweight way of using a token in your app and does so with fairly negligible overhead on the Bitcoin Cash network. Is it worth doing? I think it might be.

Bitcoin cash supporters seemed to like the idea of colored coins coming to the ecosystem as most BCH enthusiasts favored Pacia’s Reddit post with tips.

What do you think about the concept of colored coins being applied to the Bitcoin Cash network? Let us know in the comments below.


Images via Shutterstock, Gendal.me, Twitter, Meni Rosenfeld 2012, and Bitcoin Cash.org.


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Rare Pepe Blockchain Cards Have Produced More Value Than Most ICOs

Rare Pepe Blockchain Cards Produce More Value Than Most ICOs

Over the course of 2017, there’s been a lot of blockchain projects, and the Initial Coin Offering (ICO) craze has been off the charts. One thing is for sure: a great majority of these ERC-20 tokens and some of the aspiring distributed ledger efforts have produced very little value, minus the gains and losses captured from speculative markets. However, there is one blockchain project created a year ago that has created a robust ecosystem based on a popular internet meme — Pepe the Frog.

Also Read: An Interview With Bitcoin Graphic Artist Phneep

Preserving the Rareness of Pepe the Frog

Rare Pepe Blockchain Cards Have Produced More Value Than Most ICOsIt’s been over a year since the Rare Pepe blockchain trading card economy was created bringing the dankest, most rarest pepes to the cryptocurrency environment. News.Bitcoin.com reported on the launch of the first few series of Rare Pepe cards traded as counterparty (XCP) assets over the bitcoin blockchain. 

Rare Pepe cards are basically assets designed utilizing the Counterparty blockchain similarly to the popular card game Spells of Genesis. Counterparty assets are held within the Bitcoin blockchain inside traditional BTC transactions. These tokens or assets are different than the technology used in Colored Coins, as they are not tethered to a specific BTC address or balance. This allows people to transfer bitcoin without affecting underlying assets like Rare Pepes. In addition to the technology behind these collectible cards, pepes are traded on the decentralized Counterparty-based exchange called DEx. Utilizing the DEx exchange, users can purchase and exchange extremely rare pepes in XCP-denominations. Pepes can also be collected using the Rare Pepe Wallet which supports XCP, BTC, Pepecash, and gift cards.

Due to the frog’s extreme popularity, the Rare Pepe blockchain scene has a robust community, foundation, a wallet, and a trading card directory. Since then the community has grown significantly, and certain cards have been exchanged for thousands of dollars this year. As far as laughter and immutable Pepes that are always available on the blockchain go, this grassroots community has produced far more value than most ICOs in 2017.

“For years people have been trying to preserve the rarest of pepes from being stolen — Thanks to bitcoin and counterparty we can associate these Rare Pepes with tokens to make them truly rare,” explains the Rare Pepe blockchain trading card’s directory page.   

Now Pepes can preserve their rareness and actually be traded on the market.

Rare Pepe Blockchain Cards Have Produced More Value Than Most ICOs

The Rare Pepe Blockchain Economy Grows in 2017

Blockchain-based Rare Pepes are actively traded on the market alongside the community’s native token Pepe Cash. Back in 2016 Pepe Cash was trading at less than $0.000087 per token and these days it trades for $0.02. Further, as far as the collectible pepes are concerned, some cards have traded for thousands of dollars. For instance, the very rare card ‘Lord Kek’ (only 10 made) traded for 1600 XCP or $22,720 at today’s spot prices. The first series ‘Satoshi Nakamoto’ card (300 in circulation) has traded for $200.  

The Rare Pepe Directory shows the card assets now have a total of 30 series with roughly 20 cards per set. The compendium of Rare Pepe blockchain assets now includes cards like Marty Pepfly, Pepe Punchout, Games of Trump, Pepe Soup, the Dark Pepe, Playboy Pepe and so many more. Scrolling through the entire directory of blockchain based pepes can take hours and even days to review, as the library is not only dank but vast.

Rare Pepe Blockchain Cards Have Produced More Value Than Most ICOs    The Rare Pepe Community Isn’t Going Away, It’s Immutable

These days the community’s Telegram group has over 1500 active members sharing and discussing their very favorite pepe cards. Alongside this is the Rare Pepe Foundation which has acted as the great protector from those trying to infiltrate the internet frog trading card ecosystem. For instance, the foundation claims it is preparing a 29-day Rare Pepe Training Conference that will give out truly rare certificates to the event’s participants.

“The Rare Pepe Blockchain Training Conference is a new kind of conference,” explains the foundation’s website.

Not only will the event be the first 29-day Rare Pepe blockchain training event ever, but it will be the first one where attendees can walk away with real Rare certifications in the field, as well as continuing education credits for professional Rare credentials.

Rare Pepe Blockchain Cards Have Produced More Value Than Most ICOs

Green Frogs and DLTs

Further, the foundation details that Rare Pepe blockchain technology is being actively researched by financial incumbents, tech giants, and venture capitalists. Just a few hours of research will tell anyone this particular distributed ledger tech (DLT) based on green frogs just might transform society for the better.

So if you’re sick of hearing about blockchain projects that pretend to be backed by real-estate and diamonds, then the pepe blockchain space may interest you. ICOs that raise millions worth of ether and do nothing with it but party continue to come and go, but these dank trading cards will be cemented in time forever.

What do you think about the Rare Pepe Blockchain project? Let us know in the comments below.


Images via Shutterstock, The Rare Pepe Blockchain Community, Foundation, and Directory.


Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history. 

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Bitcoin Gold Addresses ‘Scam’ Wallet and Premine Endowment Process

Bitcoin Gold Addresses 'Scam' Wallet and Premine Endowment Process

On Monday November 20, the cryptocurrency-based hardware wallet manufacturer, Satoshi Labs, revealed that the Bitcoin Gold (BTG) network is now accessible through the Trezor beta wallet. Further, the BTG development team has recently revealed that the wallet “mybtgwallet” may be a scam, alongside information on the team’s premine endowment process.

Also read: Internet Archive Adds Bitcoin Cash and Zcash for Donations

Trezor Adds Bitcoin Gold Support

Bitcoin Gold Addresses 'Scam' Wallet and Premine Endowment ProcessThe forked cryptocurrency bitcoin gold is having an interesting week as market liquidity is starting to hit exchanges. BTG markets have increased 100 percent in the past 24 hours jumping from $150 per token to $275 on November 21. The day before the Prague-based Satoshi Labs, the makers of Trezor, revealed they would enable BTG retrieval for customers within the wallet’s beta client. Trezor’s blog gives a step-by-step process on BTG claiming, just as it did when bitcoin cash forked this past August. Users are required to use the firm’s beta wallet and upgrade their firmware to 1.6.0.  

“For the time being, your Bitcoin Gold wallet will only be accessible from the Trezor beta Wallet,” explains the company.

Bitcoin Gold is not Bitcoin — It merely uses bitcoin’s history similarly to the case of Bitcoin Cash — This process will not affect your Bitcoin wallet at all.

Removing an Alleged Fraudulent Wallet from the BTG Homepage

Bitcoin Gold Addresses 'Scam' Wallet and Premine Endowment ProcessIn addition to getting BTG support from Satoshi Labs this week, the development team has revealed a wallet called “mybtgwallet” may be fraudulent and removed the wallet from their homepage. The development team says they are investigating the situation and the team is working with security experts covering the issue.     

“When we receive verifiable reports that a website or app is a problem, we removed it from our site,” explains the BTG development team.

Preliminary investigations indicated that at least some of the claims of theft by the mybtgwallet site are reliable — Like all third-party sites, that site was not in our control, but we immediately removed it from our pages and the team is working with security experts to get to the bottom of this issue — It appears the mybtgwallet online wallet site was modified by unknown parties long after it was originally published.

BTG Developers: “The ‘Premine’ Wasn’t a Premine”

Bitcoin Gold Addresses 'Scam' Wallet and Premine Endowment ProcessLastly, the BTG development team has also addressed the controversial bitcoin gold premine this week. The founding developers say that the premine is not like traditional instamine processes that most teams utilize and that it shouldn’t even be considered a ‘premine.’ The “premine” wasn’t a pre-mine,” says the BTG team.

Bitcoin gold was replicated from the bitcoin (BTC) blockchain at block height 491407, and at that point there were 16.5M BTG in existence, explains the organization.

“After this, the project mined 100,000 coins (8000 blocks at 12.5 coins per bock), so it’s more of a post-mine, but we still call it a premine,” reveals the BTG endowment announcement. 

 A true premine is when the makers of coin start a new blockchain with a genesis block and do private mining to accumulate a number of coins, and only then make mining public for others earn coin rewards. With that approach, the makers obviously start out with a huge proportion of the initial coin supply – 100%! That would have been a serious problem.

In addition to describing what they believe is a ‘fair premine,’ the BTG team claims 95 percent of the coins are locked up in an endowment. Some (35%) will possibly be available for use immediately, and 60% was locked up for the future. The core development team has gathered 5% of the BTG premine to cover initial infrastructure costs.

The BTG team concludes by saying that if there is anyone who is technically proficient enough to verify the development team’s time-locked premine wallets, they can validate the procedure here and here.  

What do you think about the latest news from the BTG team? Have you tried to access your bitcoin gold? Let us know what you think in the comments below.


Images via Shutterstock, Bitcoin Gold, and Crypto Compare.


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Options Exchange Giant Cboe Reveals Bitcoin Futures Specs

Options Exchange Giant Cboe Reveals Bitcoin Futures Specs

Over the past two weeks, many bitcoin proponents have been focused on the upcoming bitcoin futures markets planned for the last quarter of the year. This week the Chicago Board Options Exchange (Cboe) released the firm’s bitcoin derivative contract specs for investors interested in this new trading vehicle. The author of the futures spec sheet, Cboe’s CFA Russell Rhoads, says he really doesn’t know how futures prices will affect bitcoin spot market prices.

Also read: Chicago Options Exchange Getting the Bitcoin Bug: “We Believe” says President

Cboe Reveals Bitcoin Futures Specs With the Underlying Ticker Being XBT

Options Exchange Giant Cboe Reveals Bitcoin Futures SpecsThe largest options exchange in the U.S., Cboe, is planning to launch its bitcoin futures products in Q4, alongside CME’s recent efforts to launch its products. Cboe swaps over $2B in annual contract trade volumes, and offers derivatives products for 2,200 companies, 140 ETFs, and 22 stock indices. Now, Cboe is dipping its toes into bitcoin’s trading waters by creating futures contracts utilizing a partnership with the bitcoin exchange, Gemini Trust Company, LLC. Two weeks ago Chris Concannon, Cboe’s President, and COO explained the firm is a “believer” in cryptocurrencies.

Cboe’s bitcoin futures specs detail the underlying ticker will be called “XBT,” and contract settlement values will be in XBTS. The firm explains products will have multiple contracts with several expiry cycles and also four serial expirations.

“The contract multiplier will be 1 so if a contract is trading at parity with bitcoin it will be worth about $7,900 based on current pricing — The minimum tick for a directional, non-spread trade is 10 points or $10, and a spread trade will have a much smaller tick of 0.01 bitcoin or $0.01,” details Cboe’s CFA Russell Rhoads.       

Cboe’s CFA Doesn’t Know How Futures Prices Will Relate to Spot Bitcoin Pricing

Options Exchange Giant Cboe Reveals Bitcoin Futures Specs
Cboe CFA Russell Rhoads.

The U.S. options exchange will operate trading hours between Sunday night at 5:00 pm to Friday afternoon at 3:15 pm Chicago time. Cboe will be offering extended trading hours for its bitcoin futures as well, and everything will be cash-settled based on the Gemini auction price for bitcoin in U.S. dollars. Rhoads also explains he is asked quite frequently, “How will the futures prices relate to spot bitcoin pricing?” Cboe’s CFA reveals he doesn’t know what will happen, stating;

The best (and most honest) answer I can give is, ‘I don’t know’ — I’ve done academic work on the launch of newly listed products in the past and prior assumptions about new markets often are off the mark.  

“I’ve heard arguments for the futures trading at both a premium and a discount to the spot price, personally I think the best strategy is to see what the market tells us when bitcoin futures are available for trading,” Rhoads emphasizes.

Cboe will soon join the other firms like LedgerX and CME Group’s efforts to create a bitcoin futures environment. The Chicago Board Options Exchanges’ bitcoin futures specs were announced after CME revealed they made an error on the firm’s futures launch date. It’s possible Cboe may offer crypto-derivatives options before its competitor CME.

What do you think about Cboe’s futures specs? Are you looking forward to crypto-derivatives markets or do you want these market players to stay away from bitcoin? Let us know in the comments below.


Images via Pixabay, Cboe, and Linkedin.


Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

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