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Toggle navigation BTC $ 2,617.78  0.99 % ETH $ 293.62  -4.88 %          4 HOURS AGO   By   Guest Author Five Reasons Why Bitcoin is Here to Stay 7691 Total views   173 Total shares A major issue hindering Bitcoin is uncertainty about its future. The debate is over whether  Bitcoin will be a successful long run innovation  or fizzle out like so many prior innovations. It is possible to make a relatively accurate prediction about the future of Bitcoin by analyzing five factors successfully used by technology adoption experts for decades: relative advantage, compatibility with other innovations, experience through trialability, complexity and observability. These factors, derived from the classic work of innovation diffusion theorist Everett Rogers, when combined with features unique to Bitcoin, suggest that  Bitcoin is here to stay . Relative advantage Relative advantage in the field of innovation is defined as the improvements of a product as compared to its pred

Toggle navigation BTC $ 2,618.68  1.02 % ETH $ 293.21  -5.01 %          2 HOURS AGO   By   Jon Buck High Schooler Becomes Millionaire Thanks to Bitcoin 4425 Total views   136 Total shares The rags-to-riches stories about Bitcoin investors are a consistent theme with the rise in the value of Bitcoin over the past six months. The most recent is Erik Finman, who  invested  $1,000 in Bitcoin in 2011 when it was valued at $12. His parents had made an agreement with him that if he were a millionaire by 18, he wouldn’t have to attend college. A child of two Stanford Ph.D. holders, Finman was willing to take the bet. He now holds 403 Bitcoins, which, at their current  valuation  of $2,700, represent $1.09 mln. He also manages investments for the rest of his family, who have begun looking into Bitcoin as an investment vehicle. At one point, an investor offered him either 300 Bitcoins or $100,000. At the time, Bitcoin was worth $200. He took the coins over the cash, much t

Toggle navigation BTC $ 2,650.4  -2.96 % ETH $ 305.71  -6.13 %          1 HOUR AGO   By   Jon Buck Ukraine Utilizing Blockchain in Land Transfers 858 Total views   89 Total shares BLOCKCHAIN The Ukrainian government is the latest in a string of  governments  and international  groups  around the world to implement Blockchain solutions to solve problems they’re facing in financial markets. At this time, approximately 71 percent of the country is categorized as agricultural land, of which 25 percent is owned by the state. The land market, however, is very depressed, according to a recent  report  by the state agricultural department. The reason for this market depression is the lack of suitable financial instruments for leases and land transfers. At this time, the lease market is being tarnished with a profound black market. This has led to dramatic lease price reductions (the lowest in Europe). The application of a Blockchain system that will protect the auctions

2017-06-20 06:55 PM Joseph Young Suddenly, Bitcoin to Be Officially Legal in India Leading Bitcoin exchange  Zebpay  has revealed that the Indian government committee has ruled in favor of regulating Bitcoin. On April 14, Cointelegraph  reported  that the Inter-Disciplinary Committee within India’s Ministry of Finance was actively investigating the legal status of Bitcoin and considering the possibility of regulating the market. Efforts of Indian Bitcoin exchanges Over the past three years, the big three Indian Bitcoin exchanges including  Zebpay ,  Coinsecure  and  Unocoin  operated with self-regulated trading platforms with strict Know Your Customer (KYC) and anti-money laundering systems in place, despite the lack of regulations in the digital currency industry and market. The efforts of the Bitcoin exchanges in India to self-regulate the market allowed the Indian government to reconsider the Bitcoin and digital currency sectors, regardless of the criticisms by several polit

Toggle navigation BTC $ 2,591.11  0.32 % ETH $ 357.51  -2.54 %          12 HOURS AGO   By   Shivdeep Dhaliwal How Delaware Keeps Edge in Finance by Supporting Blockchain 13258 Total views   227 Total shares Delaware already holds the edge when it comes to incorporation and being business friendly. Embracing Blockchain would not only make the state a pioneer but will also allow it to gain several benefits. Andrea Tinianow , the director of Global Delaware, explains with regards to what enabled such forward thinking: “State officials saw the opportunity to create even more value for businesses that choose Delaware for registry services if the State were to offer registries on a distributed ledger. Such registries include not just incorporation services, but also UCCs, land titles, personal property titles, birth/death certificates, professional licenses and many other new types of registries that the State may introduce as part of the DBI (for example, diamonds and o

Toggle navigation BTC $ 2,472.97  2.23 % ETH $ 345.31  4.01 %          3 HOURS AGO   By   Lisa Froelings Goldman Sachs Predicts Bearish Movement for Bitcoin Once It Reaches $3,100 3017 Total views   107 Total shares Banking giant Goldman Sachs has recently warned its clients that the Bitcoin may halt in its bullish movement and head for a bearish movement very soon, according to a report by  Interactive Investor . While the company that does not regularly monitor cryptocurrency news, it recently expressed its own opinion regarding Bitcoin in its report called Blockchain Unchained on June 12, 2017. According to the bank, once it reaches its high at over $3,100, there would be an expected fall because of its continuous bullish movement. Bitcoin price slides According to  ZeroHedge , there is an expected reversal once it reaches its all time high. This is because he claims that the oscillator shows negatively which indicates an eventual bear movement. In fact, rece

2017-06-10 05:00 PM Joshua Althauser US Congress Seeks IRS Help on Regulating Taxes of Cryptocurrencies The US Congress recently requested additional guidance from the Internal Revenue Service (IRS) on the  tax regulations  of cryptocurrencies such as  Bitcoin . With the growth of cryptocurrencies worldwide, many central banks and regulators have been focusing their attention towards digital tokens as these currencies are seen to be one of the next trends of the financial market. With this, US Congress has  already made a move  regarding the tax implications of these investments. "According to the Treasury Inspector General for Tax Administration, the IRS did not have a strategy for properly dealing with digital currencies. According to the  letter  by the co-chairs of TIGTA on June 2, 2017, the IRS was urged to take into consideration the recommendations that TIGTA made for the IRS." Aggressive tax regulations This isn’t the first time that the congressional group

2017-06-10 11:35 AM Jon Buck Four Reasons Bitcoin is Not A Bubble: Analyst Are central banks all that bad, really? According to one economic analyst, they’re the reason Bitcoin is headed for great things. Nathan Martin from the Economic Edge blog  posted  an analysis on why  Bitcoin is not a bubble . His four reasons make a lot of sense. Decentralization The power of Bitcoin rests in its decentralized nature. Because Bitcoin is not owned by any centralized banking system (unlike national currencies), the  value  cannot be arbitrarily manipulated by currency production (i.e. the devaluation of the German Mark, post-WWII). This gives Bitcoin the stability of a commodity like gold. Supply The supply of Bitcoin, unlike all other items of value like gold or currency, is strictly limited. There will never be more than 21 mln Bitcoins ever mined. The market is at 80 percent of that number, and will never exceed it. Mining is only getting harder, and the value of each coin will contin

2017-06-09 03:25 PM Anthony Coggine Singapore Central Bank to Use Blockchain Tech for New Payment Transfer Project With many countries’ central banks and government regulators exploring the possible use of Blockchain technology in their existing systems,  Singapore has gone ahead  and conducted a post-trial analysis to test out the effectiveness of the system for their operations. According to a  report  published by the  Monetary Authority of Singapore , the project is known as “Project Ubin.” It is a Blockchain project that aims to create a digital token version of the Singapore dollar. The project is a partnership between the central bank and  R3  consortium aimed to adopt the  Ethereum Blockchain  technology for interbank money transfers. Project Ubin Project Ubin has been in motion since March 2017, with the first stage already completed. The system allowed banks to swap digital currencies or cryptocurrencies for cash, which is what the central bank aims to do in the future

2017-06-08 12:59 PM Charles Dearing Bitcoin, Ethereum Price Fall May Not Be Bad Thing For Investors Following the  crash  of well-known cryptocurrency exchange company  Coinbase , other cryptocurrencies such as  Ethereum  and  Bitcoin  have also  reacted  to the events accordingly. With the technical issues that Coinbase have been  encountering  with their system, existing users have been panic selling in order to get out as much money as they can. This, in turn, has also affected other cryptocurrencies and pushed them to decrease in value as people are massively selling as a result. Coinbase opens up opportunities for other platforms While many investors are not happy with the crash of Coinbase as a result of the Asian frenzy, it could prove a good sign for the cryptocurrency market. Since the increase in the value of the cryptocurrency market, many investors have been putting their money in various other cryptocurrency platforms in order to take advantage of the riding trend.

Australia: Bitcoin will be treated as money in Australia by July 1, 2017 and will be exempt from goods and services tax (GST). Bitcoin traders and investors will not be taxed for purchasing and selling Bitcoin through regulated exchanges and trading platforms. Starting July 1, double taxation and trading and goods and services taxation on Bitcoin will be exempted. The Australian government wrote: “The Government will make it easier for new innovative digital currency businesses to operate in Australia. From 1 July 2017, purchases of digital currency will no longer be subject to the GST, allowing digital currencies to be treated just like money for GST purposes. Currently, consumers who use digital currencies can effectively bear GST twice: once on the purchase of the digital currency and once again on its use in exchange for other goods and services subject to the GST.” Expect a surge of Bitcoin usage in Australia. Russia: A year ago Russia’s Finance Ministry was threatening jail time

2017-06-06 12:40 PM Anthony Coggine Within Seconds, Mozilla’s Former CEO Raised $35M by Issuing Tokens Instead of Shares In an effort to raise money for his new company,  Brave , Mozilla’s former CEO Brendan Eich, has successfully raised $35 million by offering cryptocurrencies from his new virtual money startup instead of the usual form of shares to its investors. While there haven’t been many people who were that much into  initial coin offerings  (ICO), that all changed when Eich  successfully did  it in seconds. Appealing to business Eich, who was the CEO of Mozilla until he left in 2014, was able to raise a total of $7 million for Brave. His vision is to aid in fixing the current internet advertising system with the blockchain making things smoother and more efficient. ICOs were introduced as  virtual currencies  that could replace the traditional type of share. For this purpose, the Basic Attention Token also known as BAT was created by company developing Brave. Brave was

2017-06-03 04:18 PM Guest Author Is It Too Late to Start Investing in Bitcoins? Josh Althauser is a tech entrepreneur and open source advocate specializing in providing mentorship for startups for their marketing technology. You may connect with him on Twitter . Bitcoin’s value is  soaring . Over recent months, the cryptocurrency has hit record highs. In early May of this year, the open-source digital currency ballooned to almost  $3,000  a coin. Last May, one coin fetched only $450. By no means is this growth a sudden trend. Bitcoin’s value has been steadily increasing since its inception in 2008, nearly a decade ago. Still, many remain hesitant to invest. The theft of hundreds of thousands of Bitcoins from the  now-infamous Mt. Gox  may still haunt investors. Or perhaps the volatility, as the Bitcoin market is  26 times  more volatile than the S&P 500, and the lack of governmental oversight have speculators forecasting disaster. This is understandable as Bitcoin is not back

2017-06-02 03:20 PM William Suberg Max Keiser: Bitcoin Price Cycle Will Repeat to $100k and Beyond Max Keiser has remained bullish on Bitcoin, forecasting at least a $100,000 price in the future in line with Russia Today. The RT host tweeted Friday that despite the boom and bust cycles, Bitcoin would continue to defy naysayers and continue growing - first to $3,000, then $10,000 and “all the way to $100,000 and beyond.” Keiser regularly publishes encouraging data along with comments on Bitcoin’s progress, as well as its favorable nature as an investment over fiat currencies or commodities such as gold. In early May, he was even  awarded  gold for a “snooze fest of the decade award” for its years of comparatively sluggish performance. Several weeks later, as Bitcoin experienced a correction from its near-$3,000 all-time high to below $2,000, Keiser remained positive. “I survived the Bitcoin bear market from three hours ago,” he wrote on the day of the downtick. Curiously, the