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  • In a global economic meltdown scenario, which should you have? Gold or Bitcoin?

    ​​The vast majority of the people in the world have no idea what is coming. The U.S. Dollar may be on it's last legs as the world’s Global Reserve Currency, but most are totally unaware as to where this interest rate spiral ends. There is no shortage of information online about the subject.

    All of these economic maladies placing the Yen, the Real and the Ruble will hit the global reserve currency last, and hardest. People run to the strongest ship in the ocean, only to find it has the same flawed design as all the rest. With the price and economic value of both Gold and Bitcoin in the news these days, let’s look at what you should do if the U.S. Dollar collapsed, in some sort of economic holocaust that may be baked into the future’s cake, whether you realize it or not.

    If the unthinkable happened, and a fiat currency from the United States actually collapsed, should you run to Gold or Bitcoin for true economic salvation? Let’s look at this a bit more closely.

    For those still unaware, China and Russia are “burning the midnight oil” as we speak to accelerate the U.S. Dollar’s demise, in favor of a gold-backed global currency they’d control. Not that American economic policy and hubris isn’t the main factor in it.

    Savvy Eastern Bloc leadership has had enough of this Western economic tyranny, and is moving to not only end it but take advantage of it. Massive purchases in Gold bullion and natural resources, bilateral trade agreements, and new economic partnerships that 5-10 years ago would’ve been unthinkable and new financial infrastructures are now a daily occurrence.

    China’s successful creation of the Asian International Investment Bank (AIIB) helped fund international infrastructure projects. Besides being another Chinesebacked international banking power, following their BRICS Development Bank initiative of last year, it has also attracted longtime American-“BFF” Great Britain as a founding member. Some Brits are eager to hedge their economic bets.

    Gold has been the de facto economic standard since Adam met Eve. It’s as old as the hills, and to many just as valuable. Economic indexes are commonly built on a value relative to gold, and, of course, the U.S. Dollar last had real intrinsic value in 1971 when you could still trade dollars for Gold.

    Gold may power governments, but can it power you?

    Gold may power governments, but when is the last time you bought a week’s worth of groceries with Gold? A man’s gotta eat, no? We are talking about physical Gold, not any writs, proxies, shares, or representations thereof. Gold is the most valuable substance in the world, just based on its cache and global acceptance alone.

    People love it and governments love it. If you travel at all, you’ll notice that the local coinage in any country in the world either resembles gold, silver or a combination of the two. These precious metals represent value to all societies, and that has been ingrained in all of us.

    We have been conditioned, like dogs, to believe in these substances as being of high value. And it is true. Gold will become much, much more valuable ten years from now than it is today. Can you take advantage of that? Would you know how to buy gold bullion? Would you know a fake Gold coin from “The Real McCoy”?

    Gold has seen more market collapse than Bitcoin has. Gold has gone from anywhere between a price of $1900 USD in 2011 to just over $1100 today. It is widely held by investors, economists, and market insiders that the Gold and Comex markets are largely controlled by “The banksters”.

    These would be your JP Morgan’s and Goldman Sachs' of the world. How many times have you heard over the past 5 years to “Buy Gold”? The more people are buying, the more prices are dropping? Yeah, something’s up with that.

    So let’s assume Gold is a great investment at a “Buy” price because it is severely undervalued at market rates. I’d definitely agree with that assumption. Ok, so how does this help you? If you wanted to go and buy some gold, just how savvy would you need to be? The media loves to talk about Bitcoin scams and Bitcoin exchanges going under, and that’s all true. How many Gold scams are there? coins

    Could you tell which is real and which is fake?

    How many Gold coins have been sold on TV that turned out to be totally fake and worthless? Would you fall for the current scams of the ETF or the “Gold Certificate” going on right now? When the global fiat economy breaks down, do you really think anyone is going to honor a “Gold certificate”?

    You really think a broker, who himself has little or no gold, is going to get your physical gold and hand it over to you when this global 3-Card Monty game comes to an end? When an ounce is worth $10k? If you did get something physical, what are the chances it is the purity of Gold that you thought you bought? Could you tell?

    Let’s say you are the savviest new Gold investor in the world. Let’s say you did all your online research and met a guy who knew a friend that has a broker who has a vault with the purest Gold Bullion you ever saw. And he’d sell it to you for market price, and you wouldn’t get some worthless IOU, but you could buy a couple of pounds of pure Gold. Now you have 64 Gold coins. Now, what?

    It’s five years later, and you have no job, dollars are worthless, and all you have are these 64 coins which are worth a fortune. What can you do with them? You need food. Are you trading one coin worth thousands of dollars for food for the next week? These coins are not divisible, not widely accepted as cash value.

    Can you buy gas, electricity, oil? How would you go about it? Are you safe with these super valuable coins? Word won’t get out that you have these coins? Walking around with them is like walking around with a million dollars in a briefcase today.

    You think the Police State is going to let you travel out of the country with this Gold on you? Really? And who says there won’t be more Gold confiscation going forward? Some say it’s secretly happening right now, as we speak. If that card were played before, it could be played again. The reasons are immaterial. The result is the same. It’s a transfer of wealth from you to the banks. With a stroke of a pen, that can become the law of your land.

    What’s my point? That Gold is a bad investment? No. The point is unless you are a central bank; Gold is terrible as money. It is not built to be a global currency at the present time. It is not very divisible in practical terms. It is volatile in price. It is not safe to move as a physical asset and is not widely accepted in the real world. It is more of a liability than an asset, as a form of currency. Great long-term economic investment, but not great as usable money.

    Bitcoin has plenty of downsides

    Bitcoin has a lot of downsides to it. You can’t hold it, so you are trained, like a dog, or like Warren Buffet, to think it is not real. Or that it has no value because you cannot see it or hold it in your hands. Aren’t the moist valuable things in life free, intangible, or without physical properties? Love, willpower, faith, health, innovative ideas that have shaped the future of man, like The Internet? Bitcoin enters the stage here.

    It is not easily obtained in any real quantity, but this it shares with Gold in that it is precious and is not available on every street corner, like a fiat currency. What it does not share with Gold is that it is highly divisible, down to the Satoshi (a millionth of a Bitcoin or BTC). As far as security, Bitcoins are as secure as you make them.

    If you use fairly basic multi-sig security methods, you’ll grow old with your Bitcoins. A thief in the street would never know if you have no bitcoins or one thousand. An online hacker may need to not just beat your security measures, but another person may have to sign onto a new transaction. How will he beat that?

    It can be moved anywhere in the world with just your mind. Set up a brain wallet, and a nasty Gestapo agent won’t be any the wiser of your intrepid wealth in the digital realm, as you enjoy what’s left of your freedom abroad. Try sending your bitcoin to a remote location in an Indonesian forest, which would take seconds, then try the same thing with your 32 Gold coins. You might notice an inherent value proposition there.

    Also unlike Gold, the Bitcoin supply is, in fact, limited and finite. It is set to reap immediate benefits going forward when it comes to supply and demand, the most basic sound money concept. No worries about mere fiat currency principles like inflation or deflation.

    You can chart the amount of digital currency in circulation at any time in the future. No bearded elite men who are totally unaccountable to the public or even their government because they are private subcontractors who operate above the law are manipulating your Bitcoin value and supply.

    Everything is left up to the market. Miners win when they play by the rules of the protocol, and don’t try to corrupt it. That’s a train to nowhere. The system works and has many, many more practical applications as money that we haven’t even tapped into yet.

    Worldwide, more people have cell phones than toothbrushes. Now, any cellphone can transfer Bitcoin via SMS text, making Bitcoin truly global. Is Bitcoin better than Gold? As an investment, maybe not, but with a caveat. There is so much we don’t about Bitcoin yet. What technology and applications that are yet undiscovered.

    Just how far will its economic impact be felt? How many of the world’s 5-6 billion unbanked population will Bitcoin affect, either directly or indirectly? Bitcoin can be sent by SMS text message, so you don’t even need an Internet connection, computer, or smartphone. They just make the task easier.

    Bitcoin has established itself as a global brand, protocol, and technology. It has established itself as something governments, and the media can’t wish away through propaganda. It has established itself as a medium of global exchange of unlimited potential, unlike the commodity of the banking elite, Gold.

    Gold does what Gold does, and nothing does that better. It represents value and cachet. That alone can power a global economy, directly. And your government and your girlfriend love it for that. Bitcoin, over the next decade, will probably end up doing everything else you’ll need.

    From sharing your wealth anytime, anywhere, to taking your wealth with you with peace of mind, to buying your daily necessities. One is valuable for all times, and one adds value at all times.

    If you can get both, it would be wise to do so. In the pursuit to find a superior form of money, this is not much of a contest. Gold isn’t going to outsmart anybody. It doesn’t learn new tricks or become more versatile with a new app.

    Bitcoin has talents no precious metal or fiat currency can every dream of having on their own.

    In this economic war of attrition, where economies like Greece, Cyprus, Argentina, Venezuela and Zimbabwe collapse into ruin, expect Gold and Bitcoin to stand tall. Expect Gold and Bitcoin to not only survive, as the ashes of these ancient economic models come crashing down around them, but they will thrive.

    Maybe the fiat world will learn from Iceland

    Maybe the world can learn from Iceland how to forge national sound money principles that will benefit them for many years. They have suffered economic turmoil almost to the scale of those above but have rebounded incredibly well due to superior policy and leadership.

    Don’t count on the world learning from their success, but they should be commended for their wise investments. Nations-states really don’t like playing fiscal copycat, unless forced to do so at the barrel of a gun. Iceland is a great story and should be scaled up to larger economies, but that's not how the era of central banking works. It makes too much sense.

    It shouldn’t be hard to see that both Gold or Bitcoin will be great long-term investments. Gold because of it’s cachet and brand name as a valuable commodity. Bitcoin because of it’s finite supply and ability to increase its own value within its own technological advances.

    Many thousands of jobs and businesses will be made directly and indirectly based on Bitcoin technology over the next several years worldwide. You give the incumbent Gold a natural advantage with it’s established infrastructure and market recognition, spanning thousands of years.

    Which one wins as a currency substitute, however, after the Dollar and other fiat currencies exit the global economic stage? That’s easy. Bitcoin wins by a technological knockout.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • China’s National Digital Currency: A Closer Look At This Game-Changer

    ​​​​​Look at which way the wind is shifting. With Bitcoin proving to be a global technological success, it will only have a few years jump on the greater economic markets. The nation-states are ready to catch up, and China, potentially the world’s largest economy, has been working to create a national digital currency system at warp speed. Its coming arrival looms over China, but what does it mean?

    No other monetary system will have this level of speed and economic power. The Chinese Yuan has far greater reach and value than the Indian Rupee, which is also going through a national currency revolution of its own. Yet, China seems to have planned this out far better and is about ready to release a national blockchain-based Bitcoin knock-off, without the daily appreciation in value.

    China has already worked to put their entire social security system on a blockchain, so they know how to create these systems at the massive scale they need. The People’s Bank of China released the broad strokes of how it would work last year. Here are some of the more important points of contact:

    • The PBOC creates cryptocurrency and transfers it to commercial banks when more liquidity is needed
    • Consumers would top up digital currency from modified automated teller machines or from bank tellers and store it in a crypto wallet on their mobile phone or another device
    • For purchases, consumers wire from their person wallet to the merchant’s account
    • The merchant deposits the cryptocurrency into their commercial bank account

    "Cutting costs is an obvious benefit, but the impact of shifting to blockchainbased digital money from the current payment structure goes beyond that," said Larry Cao, director of content at the CFA Institute in Hong Kong to Bloomberg. "There’s potential you can pay anybody in the system, any bank, and any merchant directly. Blockchain will change the whole infrastructure. This is revolutionary."

    It is hard for China to really hide the real reason they have gone from just talking about creating a national digital currency one year ago to already testing it in 2017. The size of this project is daunting, and the fact that they are doing trials of it shows how much of a priority this is. “Capital flight” out of China is the genesis of this economic revolution, and once this is in place, controlling every citizen’s ability to do an economic transaction becomes not on easy, but educational.

    “The transparency of economic activities in every corner of the country will significantly improve," said Duan Xinxing, vice president of Beijing-based OKCoin Co. "The central bank will have unprecedented knowledge of how the economy runs. Talking about the impact of digital money now is like trying to predict how the Internet would transform lives in the 1980s. We know it’s going to be huge. It has the potential to change the entire economic infrastructure. We’re just not sure about when and how."

    As I have gone over before, all the digital currency that glitters in cyberspace is not Bitcoin. The average citizen may gain some extra convenience and lower costs over using third-party payment systems, but they will pay far more, in the long run. Now that the world’s two largest populations are going to force their nations into a digital economic surveillance state, how do you have before your financial life is entered into a state-run server for a lifetime of ‘Big Brother’s’ monitoring?

    "How long before your personal economic life" is just another meal of surveillance on your government's daily menu? The leaders of your government will come before the people of your country saying this is to serve you better, much like they did in an old 'Twilight Zone' episode. It will sound just wonderful, only once you discover the truth of the matter, it is too late for you to be saved.

    "'To serve man.....it's a......it's a COOKBOOK!'"

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bitcoin Price Sets New 2017 High; All-Time Value Mark Nears

    ​After another turbulent January that had even the most faithful shaken about Bitcoin’s future, the February rally has rekindled the greater community. A January roller-coaster has become a February value rocket, as the Bitcoin price has set a new high-water mark for 2017, as it closes in on a new all-time record, according to the CoinDesk Bitcoin Price Index (XBP).

    As a brief recap, Bitcoin started the year on a high, making a furious run at $1000 in value as 2016 closed. The first week of 2017 remained on this bull-run, peaking at almost $1130 USD, but Chinese regulators began the new year cracking down on exchanges and their no-fee trading practices. The market crashed to as low as $775 USD exactly one week later, and Bitcoin has been on the rebound ever since.

    This latest run from just under $1000 USD last week to a new 2017 this week seems rooted in the upcoming speculation on the ETF fielded by The Winklevoss Twins, which is due for a decision on March 11th. According to MarketWatch, even though the odds of an approval are long against the ETF, the fact that there are more than one in the pipeline seems to give investors enough hope of an approval to start buying in.

    A few weeks ago, Grayscale, which launched the Bitcoin Investment Trust in 2013, filed for an initial public offering that would allow its trust to trade as an ETF on the New York Stock Exchange. The Grayscale bitcoin trust is presently one of the few registered investment vehicles available to financial institutions. A company known as SolidX has also filed for a bitcoin ETF.

    The previous high in early January was the highest the Bitcoin had been since the bubble that was Mt. Gox in early December of 2013, when values reached over $1180 USD, according to BitcoinAverage.com, who has been tracking Bitcoin’s price since 2010. Now that Bitcoin is within shouting distance, the way things are going, it seems assured that the all-time mark will be set before March 11th, as Bitcoin has gained what would be needed, just over $50 USD, in the last 48 hours.

    The global Bitcoin market seems to be healthier than ever before, with less centralization in exchange trading. By currency, Japan has taken control of Bitcoin’s market with over 50% of the purchases done in Japanese Yen. This seems related to their advocacy of the no-fee trade policy that gained China control of the market.

    This leads to many trades that are less than legitimate and encourages traders to trade against themselves to lower exchange costs. However, the mainstream market in Japan is accepting Bitcoin use more and more. There is also more and more Bitcoin legislation in Japan, but that is also not as positive a development as it may seem.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Top Russian Regulator Endorses Bitcoin and Blockchain Technology

    ​​Is 2017 the year the Bitcoin actually gains mainstream acceptance? Every new technology, whether it is the airplane, the automobile or the Internet itself, goes through an adoption curve, and Bitcoin seems like it is approaching a new threshold. Now, regulators are making laws around it, and major players are actually complimenting it, publicly, for its innovation and capabilities.

    In Russia, this has just taken place as an executive at a major state-linked bank has come out with a rather ringing endorsement of Bitcoin and its stellar history as a secure platform. Vice-president of Russian state bank "Vnesheconombank" Nikita Smirnov told the Kommersant Russian newspaper the following:

    "Bitcoin (is) a new kind of philosophical concept,” the loosely translated quote says. “It can be compared with the bacterium, which exists separately from the man and went to a man in symbiosis. A Bitcoin in a sense positive bacterium that meets the specific needs of people, involves the most people in the process and give yourself a chance to exist. It really is a new philosophical concept, which until the end is not yet understood.”

    This is no small endorsement, as Vnesheconombank (VEB) is a Russian state corporation that is a former Soviet bank. Established for almost one hundred years, since 1922, the government of Russia uses VEB to support and develop the Russian economy and to manage Russian state debts and pension funds.

    Bitcoin (is) the only technology that has been successfully operating today". "Bitcoin - the world's only technology, which is widely used, which has existed for several years, it (has never) broke (once). Therefore, if we now ask whether there is another algorithm that established the reliability of distributed consensus, then it probably is not. If we talk about the current situation, it is really the only blockchain that we have success, it is Bitcoin,” he added.

    Here at BitConnect, we have covered the fact that there are much larger blockchains than Bitcoin, but none have the extensive history of financial security, worldwide that the world’s first blockchain has. As blockchain technology becomes more and more mainstream, this only legitimizes Bitcoin even further into the future.

    Russia has had a checkered past with Bitcoin and its acceptance into their market, but the country seems to slowly be making peace with the fact that Bitcoin is not evil and is not going anywhere. Russian authorities have also seen many ways to benefit from its blockchain technology for future government uses.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • BitConnect Interviews Kim Dotcom After Suffering Extradition Defeat

    ​​​​The entire digital currency community is really on a roll, whether it is Bitcoin’s global demand constantly increasing, or the exploding values of top altcoins, or the advent of better apps and protocol enhancements. Kim Dotcom’s crowdfunded applications, MegaUpload 2 (MU2) and Bitcache, were supposed to join this progressive movement, but there is a rather serious problem afoot. Kim Dotcom has been deemed eligible for legal extradition to the United States on criminal charges.

    According to the New Zealand Herald, these thirteen charges include allegations conspiracy to commit racketeering; copyright infringement; money laundering and wire fraud. He will face these charges along with Mathias Ortmann, Bram van der Kolk, and Finn Batato.

    High Court Judge Justice Murray Gilbert upheld an earlier District Court ruling, saying there were "general criminal law fraud provisions" which covered the actions of the accused and they could be extradited on that basis. It was not a matter of copyright infringement, the crux of the legal matter because this is not a criminal offense in his home of New Zealand.

    "As we have said all along, there is no such offense under our Copyright Act. We were right.” Dotcom's lawyer, Ron Mansfield said: "To win the major plank of the case but to get that outcome is extremely disappointing. It is hard to accept the logic that, if the conduct that all accept at its heart relates to assertions of breach of copyright ... how it can nonetheless be massaged into a general fraud offense.”

    The ever-confident Dotcom seemed rather chipper on Twitter after the verdict, even proclaiming that he’ll never be extradited.

    BitConnect caught up with Kim Dotcom after the judgment against him to get his thoughts on what happened in this case, what happens next, and the status of his ambitious Bitcoin applications.

    Was this trial, and the initial trial before the District Court, handled ethically and lawfully, in your opinion?

    The District Court judgment was an embarrassment. The Judge asked us 7 questions during a 9-week hearing and none of them about copyright. And in his judgment, he simply copies/pasted 70% of the US Govt submissions and got the copyright law completely wrong according to the now released High Court appeal judgment.

    Worst case scenario, if you are extradited to the U.S. and you are found guilty, what kind of penalties are you facing, if convicted?

    “Your worst case scenario won't happen. There will be no extradition.”

    What is the current status of the MegaUpload 2/Bitcache project? How will this legal turn affect their status and market deployment?

    So there you have it. According to Kim, this is just a legal speed bump on the digital highway and his plans have not changed at all. We wish Kim Dotcom all the best in his legal endeavors, and when MU2/Bitcache are beta launched soon, BitConnect will bring it to you.

    Megaupload 2 and Bitcache are being developed and prepped for beta launch. We are planning to release a proof of concept soon.”

    What is your message to the Bitcoin community, and the greater Internet community at large, about the legality of your actions?

    “To the Bitcoin community, I just like to say that there is nothing to worry about when it comes to my case. It will probably be another 2 years until my case has run through the entire process in New Zealand.

    So there you have it. According to Kim, this is just a legal speed bump on the digital highway and his plans have not changed at all. We wish Kim Dotcom all the best in his legal endeavors, and when MU2/Bitcache are beta launched soon, BitConnect will bring it to you.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Video Review: 10 Reasons Bitcoin Price Will Destroy All-Time Highs in 2017

    ​In my writing career, I have never done a Video Review before, as I have never a Bitcoin-related video worthy of a review, but this video inspired me. Hopefully, this doesn’t come across as promotional, because my goal is to educate, not remunerate. Since this video is not promoting any product, except for the digital asset’s value itself, a worthy ideal, in my opinion, let’s look at a new video called “10 Reasons Bitcoin Price Will Destroy All-Time Highs in 2017.”

    I will place the video below this article, for your convenience, but before you scroll down, let me give you an outline. The video is current and up-to-date, as it is only about ten days old, and it seeks to affirm the general optimism that surrounds Bitcoin’s potential price for 2017. It is produced by the “Renegade Investor” YouTube channel and is on the long side, standing at over twenty-six minutes.

    What you give up in speed you get back in scope. The most impressed aspect to me about the video is the comprehensive research of each point. Plenty of sources were enlisted in the creation, and the reasoning is all sound logic, in a matter-offact type manner of delivery. I was actually expecting 1-2 of the sections to be dismissable fluff, but this video did not fail to deliver value on each and every point noted. All points are legitimate and worthy of consideration for the new investor, except for one.

    The fifth item listed in Bitcoin’s favor is “Scaling Segregated Witness” and it intimates that SegWit should be adopted by the 95% of miners who signal they're ready to employ it by this November. As is shown in a progress chart in the video, SegWit has remained in the 25% range for an extended period of time.

    I’m personally worried that SegWit will never gain adoption to allow the scalability features like The Lightning Network to take hold. The Lightning Network could allow Bitcoin to effectively scale from the current limits of seven transactions, or less, per second, to as many as 10,000 per second (Visa will tap out at about 24,000 transcations per second, not the 2000-4000 mentioned in the video.)

    The Renegade Investor also mentions a double of the effective block size just through SegWit adoption alone, when the actual increase is around 70% over current limits, but the video is very comprehensive, mentioning the sweeping mainstream adoption of Bitcoin into popular Japanese culture, how the current bond market will influence Bitcoin value, and the effects of Bitcoin eventually passing Gold’s market price. Even clips from The Keiser Report are used effectively.

    Finer details aside, this video provides a lot of value. If you know of someone who is on the fence about getting involved in Bitcoin, as an investment, I can safely recommend this video to persuade the masses. It doesn’t shill for any product and just provides solid value for those who want the current state of the Bitcoin. Feel free to share this.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • India Establishment Refuses To Legitimize Bitcoin

    Living in India has been pretty hectic, one would imagine, over the last ninety days as the country’s establishment has forced the populace to go from cash to digital payments virtually overnight. Bitcoin has been thrust into the limelight as well, commanding premiums as high as 35% ever since, as the nation looks for reliable economic options. Where does India go from here with Bitcoin?

    According to The Telegraph of India, the Indian government has rejected the idea of a separate regulator for digital money, and the new digital monetary segment of finance will be under the broad purvue of the Reserve Bank of India (RBI.) It will set up a Payments Regulatory Board headed by the RBI governor to handle digital payment gateways. Officials said a separate regulator would have led to multiple financial regulators.

    "Globally the trend is towards unified regulators and the RBI is a strong institution, hence the government chose to go with it," Indian officials said.

    Attempts by Bitcoin players to come under the ambit of the new body are unlikely to succeed as the government and the RBI are not in favor of legitimizing bitcoins as legal tender. Bitcoin players in the country, which include Zebpay, Unocoin, Coinsecure and Searchtrade, have recently formed a Virtual Currency Association of India, which has started lobbying the government to allow bitcoin trading.

    However, the RBI has taken a strong stand against virtual currencies such as bitcoins pointing out that it has not issued any license or authorisation for trade in them. Officials said the amendments they were working on would try to bring parity between physical cash and digital transactions along with interoperability and access to a unified payment infrastructure.

    The government has been trying to push digital payments ever since it banned old Rs 500 and Rs 1000 notes on November 8, which constituted some 86 percent of the country's currency by value, hoping to push more transactions towards being digital to monitor transactions. Government data show that between November 8, when demonetization was announced, and December end mobile payment transactions in volume terms rose a whopping 5000 percent.

    Indian tax experts say that the push towards digital money did not mean the end of black money. It is possible to generate and transfer black money or untaxed money even through the digital mode. Besides, cash deals do not necessarily mean untaxed transactions. However, the thinking within the government appears to equal cash with untaxed or "dirty" money, while digital transactions are likely to be "clean" transactions.

    "I want to tell my small merchant brothers and sisters, this is the chance for you to enter the digital world," India’s prime Minister Narendra Modi said. "It's correct that a 100 percent cashless society is not possible. But why don't we make a beginning for a less-cash society in India? We can gradually move from a less-cash society to a cashless society.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bitcoin Price Will Spike Over 65% After Winklevoss ETF - Analyst

    Bitcoin price speculation is a very popular practice and a whole lotta fun for the Bitcoin faithful. Now that the issues in China seem to have settled down, and the market has normalized after a turbulent first few weeks of 2017, it is time to look at the next event on the horizon. That will come next month, as the Winklevoss ETF judgment is due in less than four weeks.

    Incredible upside potential for Bitcoin in 2017

    Any one of a myriad of things could happen in 2017 to send the digital currency “to the moon.” Anything from a global economic recession to a U.S. Dollar collapse, to a New York Stock Exchange market crash, have been forecast as possibilities. One thing we do know will happen is that on March 11th the SEC will make a determination on the future of the Winklevoss’ Bitcoin ETF (COIN) that has been in limbo for years now.

    This has caused Emerita Capital to do an extensive “thesis” on the effect that an approval of the ETF by the Securities Exchange Commission (SEC) would have on the market for Bitcoin thereafter. Taking out a highwater mark target price of $36,78 and a lowball figure of $551, they factored in a less than likely chance of approval and came up with the following figures.

    Our thesis is that the probability of a Bitcoin ETF approved in the near term has been misevaluated as a "very low chance" event by major investment and research firms,says Emerita Capital in their article. “We assign a probability of 35% for approval against 65% probability for rejection, making our final weighted average expected price $1645.45 or a +67.8% expected return above the current price.”

    The Winklevoss’ ETF is just the first strike out of many from the Bitcoin niche. Two other funds have filed similar applications that would offer ordinary investors broader access to bitcoin investing. The Bitcoin Investment Trust, run by tech entrepreneur Barry Silbert, and SolidX Bitcoin Trust, run by SolidX Partners, are waiting for the SEC to rule on their applications to be listed on the New York Stock Exchange. These also come up for review on March 30th (XBTC) and in October (GBTC).

    “Although its utility as a means of exchange is controversial, from a purely quantitative point of view the evidence suggests continued growth in transaction volume through the Bitcoin network, continued growth in interest from new markets, and continued growth in entrepreneurial attention,” Emerita Capital added.

    Keep in mind ‘Emerita Capital’ isn’t exactly Merrill Lynch. They have a couple of articles up on Seeking Alpha’s blog site, both within the last week, and they do not have their own website, or even a social signal listed anywhere on Google. This could be from credible financial advisors, or this could be from a couple of unemployed guys in a basement, for all we know. You make the call. The article is extensive and well-researched.

    However, this is one more analysis on this highly relevant subject than has been done by anyone else. At least someone has tried to put this into perspective for the community. Do you think Las Vegas bookmaker will create a betting line based upon this? Within the Bitcoin community, stranger things have happened.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Top Japanese Banks Invest in Top Japanese Bitcoin Exchange

    ​The industry of Bitcoin exchange companies has been making news all year long and this is going to continue as Japanese Bitcoin exchange leader bitFlyer has gained major financing from an unlikely source.

    In other major markets, like London and Australia, the banking establishment can’t wait to cast shade upon the encroaching Bitcoin industry, closing down corporate accounts without warning, and deliberately undermining their ability to do business. The banks in that market act against Bitcoin businesses out of fear. It appears quite the opposite is happening in the fast-growing Japanese fintech market.

    Banking corporations Mizuho Financial Group, Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group have invested 200 million yen ($1.75 million) in bitFlyer, according to the Asian Nikkei Review.

    These Japanese banks see a large upside in working with much smaller bitFlyer. You see, their virtual currency know-how could help the banks provide more secure and cheaper international wire transfers, which now cost several thousand yen for a 100,000 yen remittance. With a virtual platform, wiring money could also become available around the clock, instead of being confined to ATM hours.

    The fintech revolution is about more than virtual currency. Mizuho for one is teaming up with SoftBank Group in putting artificial intelligence to work screening personal loan applications.

    Bank of Tokyo-Mitsubishi UFJ will use AI to cultivate business with small and midsize enterprises. Earlier this month, BTMU acquired an equity stake in Xenodata Lab, a Tokyo startup that specializes in AI-based data analysis. The deal marks the bank's first direct investment in a startup. Xenodata raised 60 million yen from BTMU, Mitsubishi UFJ Capital, online brokerage Kabu.com Securities and corporate credit researcher Teikoku Databank.

    MUFG will use that technology to analyze the vast transaction data collected within the group over the years, then employ the results in proposals to small and midsize enterprises. The group eyes more business with smaller companies, anticipating relatively high lending margins even under the Bank of Japan's negative interest rate policy.

    Sectors beyond the banking industry are also studying fintech. Dai-ichi Life says it aims to combine life insurance with fintech through its investment in bitFlyer.

    The Japanese government is encouraging partnerships between the country's financial institutions and fintech startups. Banks' stakes in nonfinancial companies are now capped at 5% by law, while bank holding companies face a ceiling of 15%. However, amendments that could be enacted as early as this spring would allow banks to acquire fintech firms.

    The big financial companies see a need to quickly cultivating and adopting fintech in the face of rising competition. The expertise they can provide in making faster, more secure financial services possible can grow a larger but slower, commercial banks service capabilities much faster than they could do on their own. Great business is where you find it. Only if all financial institutions could see the big picture so clearly.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Blockchain will fundamentally transform exchange business – Funderbeam CEO Kaidi Ruusalepp

    “Blockchain can radically transform exchange sector”, believes Kaidi Ruusalepp, CEO at Funderbeam (exchange for startups) and former CEO at the Estonian Nasdaq subdivision. On March 9, she will speak at Blockchain&Bitcoin Conference Tallinn.

    Being experienced in managing Nasdaq, Kaidi founded Funderbeam – an investment and research platform for finding investors and startups.

    At the end of 2016, Funderbeam team started creating a blockchain-based exchange. As envisioned by founders, the exchange should be an open platform for trading participants. Several companies and two private investors (one of them is Skype founder Jaan Tallinn) supported the project financially. Total amount of investments has already exceeded 2.5 mln dollars.

    Kaidi Ruusalepp is sure that blockchain implementation will solve the problem of transparency in the trading process and become “a financial engine of companies’ growth”.

    What issues will be discussed at the conference?

    At Blockchain & Bitcoin Conference Kaidi Ruusalepp will tell you about new challenges faced by exchanges, banking sector and organizers of crowdsourcing campaigns.

    Her speech will be dedicated to prospects of using blockchain in exchange operations, experience of the Estonian Nasdaq business unit and tasks which should be tackled by authors of new projects (cases of Funderbeam and blockchain-based exchange).

    It will be interesting for startup founders, investors, stock trading participants and cryptocurrency entrepreneurs.

    To find out more visit the website of the conference.

    The published press release on this page should not be viewed as an endorsement by us. The website or company may be unsafe, untrustworthy, or illegal in your jurisdiction. You should do your own research before investing money in any company or website.