1 = 906.92 USD

Bitcoin News

Bitcoin and Crypto Currency News

Browse latest bitcoin news about new businesses that accepts bitcoin and other cryptocurrencies, blockchain technology, and regulations of bitcoin. We report on latest crypto currency news, prices, talks and new start up related to bitcoin and other crypto currency.




  • Why I Should Have Seen The Bitcoin Burst Coming and Why It Just Doesn’t Matter

    ​​Bitcoin is one hell of an investment, for anyone in the world to use. You don’t need a brokerage account, or need to reside in Western culture and have a special insider connection to benefit from it. One just needs to get educated in its capabilities and inherent value (That’s right. I said its inherent value!) and you’ll understand. Or maybe you’ll succumb to “human nature,” and just get greedy? It really matters not. Bitcoin remains.

    Late last year, I did predict that Bitcoin would pass $1000 USD last week, and most likely pass $1100 as well. Now is not the time for pats on the back, actually I’m here to admonish myself. I should have made one more prediction of Bitcoin’s eventual market correction. Michael Jordan once said ‘You miss 100% of the shots you do not take.” I missed that one. There are reasons, or excuses, as to why. Here's a couple, off the top of my head.

     

     

     

     

     

     

     

     

     

    The first one that comes to mind is I really didn’t care enough to think that far ahead. I’m not a day trader or a short-term Bitcoin player. I’m in it for life, so the price on a daily basis only matters so much to me. I don’t take it personally when Bitcoin price falls, and I don’t suffer from euphoria when it takes off. I actually want the price to remain low just so I can selfishly buy more. Also, I know that Bitcoin price will not say at $800-900 for more than a couple of months, at the most, so again, it is not a big deal to me that warrants much hand-wringing. Bitcoin has proven to be 'upwardly volatile.’

    Before I start rambling, let me get to why I should have looked a little deeper into Bitcoin history, and used it as my guide, as those who do not learn from history tend to repeat it. Bitcoin price was going to boom and bust anyway, as Bitcoin has plummetted each of the last three Januarys and in 2014 it dropped like a rock in the first week of February. Bitcoin lost about $150 USD in value due to the collapse of Mt. Gox.

    January of 2015 saw the market correction bottom out well south of $200 USD, right about where Bitcoin was valued before the bubble formed, in the fall of 2013. It ended the year trading for more than twice that value. January of 2016 saw the wrath of the Mike ‘Hearnicane’ as Hearn made his departure from the inner workings of Bitcoin a very public matter. Again, Bitcoin ‘beat the street’ by year’s end. And of course we have last week’s events. Why did it happen this time? Some say the market was fearful and jumped into the ‘safe haven’ of Bitcoin as a shelter for some speculated global economic downturn. Perhaps.

    In the end, it’s all speculation to me, and I’d be lying if I said I had a good read on why people are dumping ANY investment that was the world’s best-performing currency for two years in a row. Seems pretty stupid to me, but what do I know. I just knew when to get in, and I know enough not to get out, regardless of external market forces.

    And when BTC is trading at $1500, $1800, or even $2000 later this year, there will be a lot of ‘Nervous Nellies’ who will be suffering from ‘Seller’s Remorse’ for abandoning ship, for reasons I do not know, or care to understand. Bitcoin is not for those with weak stomachs. Only the strong survive in the digital ecosystem.

    I guess all I can really say about this dip in the market is ‘Thanks!’ Just more BTC for me. In my mind, I win either way. Hopefully, you may also adopt an equally positive and abundant attitude towards “The Future of Money.” Maybe you can see how it clearly beats the alternative?

    Why don’t we make this easy? This December, expect a ‘bull run,’ and a year from now expect another bust cycle. Sorry to spoil the surprise, for those of you who missed the last three of entry-level Bitcoin market analysis. If you are a Bitcoin day trader, this may come in handy. For myself, not so much.

    What is see the point in casting shade in Bitcoin’s direction? Just because of a drop in the price, for not much of a good reason? Did Bitcoin do something wrong here?

    Selling this investment, after it’s performance over the last three years, says much more about the seller than it does the digital currency, don’t you think?

    This reminds of an old favorite movie of mine from 1980 called Meatballs. Bill Murray can explain my feelings better than I can on this issue. Bill, take it away….

    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 Director of “Banking on Bitcoin;” See Exclusive Movie Clip

    With all of the recent exciting news about Bitcoin price and value over the holidays and New Year, we almost forgot that Bitcoin is getting a new feature film released this week called “Banking on Bitcoin.” It would appear that by sheer luck the timing of this new release couldn’t be any better, as Bitcoin is approaching a new all-time high in market value.

    With a documentary feel and a cast that reads like the who’s-who of Bitcoin, we sat down with the director, Christopher Cannucciari, and discussed the genesis of this film about the world of decentralized digital currency.

    Who was the driving force behind the film?

    “The film began in late 2013 and for as much media coverage surrounding the rising price of Bitcoin, there was very little about how Bitcoin could interact with current financial institutions and national currencies. There were many who were looking into this and I wanted to give them a bigger voice. In those days it was easy to get caught up in the excitement of Bitcoin’s grand experiment, but we really had no idea if it would change money forever or die on the vine. Now we are seeing Cryptocurrency not only changing money but contracts, networks and so much more.”

    “Along the way, we noticed that government organizations were becoming increasingly interested in Bitcoin and it was clear that Cryptocurrency would leave the hypothetical disruptive phase and truly begin to test the boundaries of what sovereign governments would allow. In some ways, the attempts at Bitcoin regulation have been negative, especially for new players. Despite this the fact that it has garnered so much attention from those in business and office, that Bitcoin has gained a certain permanence after weathering these and many other storms.”

    What was the reason, the vision behind this film being made?

    “I wanted to offer not only a snapshot of Bitcoin’s arrival to the public at large but preserve the history of this time through the eyes of those who were involved in taking Bitcoin from the computer to the public. People like Erik Voorhees, The Winklevoss Twins, and Nick Spanos were crucial for getting Bitcoin in front of people who would have otherwise been fearful of it.”

    “I also wanted to follow through with the eventual response from the Government and the banks which Bitcoin had been invented to disrupt. The predictable regulatory response seemed enviable after the systematic demonization of Bitcoin through the Silk Road and BitInstant prosecutions, but what unexpected for us was from the banks. Rather than fight the technology meant to make them obsolete, the banks began to co-opt Bitcoin for their own ends.”

    What is expected to come from this film? What is the end goal?

    “There were two goals essential to making this film; firstly to document and preserve what I felt was the most crucial time period in Cryptocurrency, growth from enthusiasts and programmers to the wider public. Of course, this includes the big three Bitcoin press stories, Mt. Gox, Silk Road and the Satoshi Nakamoto hunt, but we wanted to use those moments to help a new audience look deeper at why Bitcoin has gained so much attention and how these events both hurt and helped Bitcoin’s growth.

    “The second goal was to help start the conversation about how disruptive we want our new technologies. Should we fight for more or less regulation of new powerful tools like Bitcoin? Should we call out the double standards of traditional banking versus banking with Bitcoin? And should be ok with currency controls or allow the public the chance to be in full control of untethered currency?”

    Check out the interview with movie director “Banking on Bitcoin.

    “Banking on Bitcoin” stars Charlie Shrem, Gavin Andresen, Erik Voorheen, Barry Silbert, Cameron Winklevoss, Tyler Winklevoss, Benjamin Lawsky (BitLicense creator,) Alex Winter (‘Deep Web’ creator,) Nathanial Popper, Andy Greenberg and Paul Vigna. Here is an exclusive clip of the movie, which premiers on Friday, January 6th. Visit Gravitas Ventures for more release details.

    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

  • Leading Japanese Bank Building New Digital Currency

    ​​​Given the roaring success of Bitcoin as a globally traded digital currency, and the rampant cash printing and debt being created in most major economies, it is only a matter of time before digital currency becomes the way of doing business. Nations like the Ukraine and Senegal are creating national digital currencies, and now banks are getting in on the digital currency age. Japan’s largest lender, Mitsubishi UFJ Financial Group Inc., is preparing their own proprietary digital currency, according to sources.

    MUFG will first issue “MUFG coins” to employees of its group companies for domestic remittances, eventually extending the service to attract younger tech-savvy customers, the sources said Tuesday. They will also provide a money transfer service at lower fees, becoming the first major Japanese banking group to launch such a business.

    These coins will enable users to easily split drinking bills using their smartphones and quickly transfer money at lower rates. Users of the virtual currency will be able to open bank accounts called “wallets” on their smartphones. MUFG and other Japanese banks are trying to catch up with European and U.S. rivals in harnessing “fintech,” the combination of financial services and information technology.

    MUFG’s banking unit, Bank of Tokyo-Mitsubishi UFJ, formed a tie-up last year with Coinbase, the world’s largest bitcoin exchange operator, while Mizuho Financial Group Inc. has started a virtual currency service on a trial basis. Last May, the government revised a law to regulate bitcoin and other virtual currencies to prevent their use in crimes such as terrorism and money laundering.

    Virtual currencies are defined as having asset values that can be used for settlement. The law requires exchanges that handle virtual currencies to register with financial authorities. MUFG is planning to start converting the money at a rate of one MUFG coin to ¥1.

    Mitsubishi UFJ Financial Group Inc. says they will issue their virtual currency by March 2018 and they may also develop an ATM to enable customers to withdraw MUFG coins with regular currencies.

    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 Banned in Colombia

    ​​Finding good news about the exciting world of Bitcoin and decentralized digital currency isn’t hard to find these days. Exchanges around the world are reporting trading records, the Bitcoin price has reached three-year highs, and even the mainstream media is feeling Bitcoin fever. Yet, not every nation in the world is enamored with “The Internet of Money,” as the South American nation of Colombia has decided to end 2016 by banning Bitcoin usage, domestically.

    Bitcoin ‘Investment Clubs’ Blamed

    Francisco Reyes Villamizar, the superintendent of Colombia’s Superintendencia de Sociedades, made the announcement before the New Year’s holiday that the only legal currency in Colombia is the peso, making Bitcoin’s digital currency illegal. The problem stems from the growing cottage industry of Bitcoin ‘Investment clubs.’ 

    Reportedly dozens of citizens in the country have filed formal complaints of these firms who operate as ‘pyramid schemes.’ The operators offer fantastic returns in excess of 100% in a matter of a couple of months in exchange for investments and referrals to more investors.

    "Investors should know that they are exposed to enormous risks by investing in alleged currencies that have not been accepted as legal in the country," Reyes Villamizar said. “These so-called advisers promise investors to manage their bets on investment platforms and generate higher returns than they would get if they bet their money directly (loosely translated).”

    These individuals and companies usually operate under pseudonyms and organize forums and ‘private’ meetings on different technology platforms to leave no trace. Exactly how Bitcoin would be banned by the average mobile wallet user has not been determined, and the ban may only apply to such business-related uses like investment startups.

    This marks the first official banning of Bitcoin on any national scale that we have discovered. As we reported last year, regulators within Russia were considering their own ban, with the potential for up to seven years of prison time for the use of Bitcoin, but have since relented. Bitcoin investment at sites like LocalBitCoins.com has grown to new heights over the last six months.

    Many nations have seen the nation’s central bank issue an official warning against the use of “virtual currencies,” as ion the African nation of Kenya, for example. However, an outright government ban is not commonly seen, much less enforced. Nations are much more likely to create their own version of Bitcoin, as we have previously reported. The nation of Japan has gone so far as to legalize Bitcoin use officially, and put its value on par with the Japanese Yen.

    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

  • 6 Steps to Superior Bitcoin Privacy and Security in 2017 and Beyond

    ​In a world that is becoming less and less secure, more and more intrusive, and demand for your Bitcoins, and Bitcoin account information is always in demand, Bitcoin users need to be more and more vigilant in their security measures.

    The ethos of Bitcoin itself is to be your own bank, and you, as a personal bank manager, needs to be up to speed on the latest Bitcoin security measures. Are you using these seven steps to Bitcoin security? Here is a refresher to make sure you are properly securing your precious Bitcoin in 2017 and beyond.

    Offline or Cold Storage

    The absolute safest way to protect your valuable Bitcoins is to take them offline, altogether. This can be done with a paper wallet, but a hardware wallet is much more convenient, and the competitive market is driving down prices. You can now get a Trezor or KeepKey for $99 USD, and there are more options upmarket if you want to add more security features and options. Online keep Bitcoins in online wallets that you are comfortable losing to hacking or embezzlement. Many popular online wallet providers like Coinbase and Xapo offer this option as well.

    Two-Factor Authorization (2FA)

    Fairly straight forward security feature. Your wallet should have more than one security protocol to access your Bitcoins, where it is  Google’s Authenticator or a rolling code you type into to access the account, make sure your wallet has 2FA available and activated at all times.

    Keep an offline file of your passcodes, mnemonic seeds and PINs

    Trusting everything to your mobile phone or computer is risky, with theft, hackers and viruses always lurking in the weeds. If you have any considerable amount of Bitcoins, write down all of your log-in credentials in an offline notebook, or even put this information in a safe deposit box. You can’t put cash or gold in these boxes anymore, but you can secure something even more valuable.

    Use a Private Email Service

    Over the last few years, encrypted email providers have started to pop up and add a layer of privacy to the online world in light of the surveillance many popular email systems and apps have suffered. Tutanota, Protonmail and Open Mailbox are good places to start if you want better privacy and end-to-end encryption. If you are your friends want to send Bitcoins to each other, you can share your Bitcoin keys, and Bitcoin intentions, through fully encrypted services like these.

    VPNs or Virtual Private Networks

    Something I have used for years and a really under-utilized service, using a VPN provides many benefits to any online user, including Bitcoin users. You can choose a faster server or a country with less online surveillance. They have hundreds or even thousands of servers to choose from and millions of IP addresses you can switch from every hour if you like. Most can be had for less than $10 USD a month, and many also accept Bitcoin, like BitMyAss.com, which works with the VPN market leader, HideMyAss.com.

    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

  • Why Bitcoin Price is GUARANTEED to Exceed $1000 by First Week of 2017

    ​​​I know. I am not exactly going out on a limb here since Bitcoin is already trading at $975-980 USD at this time. Bitcoin is on a “bull-run” unseen since the rise and fall of Mt. Gox in November of 2013. The market dynamics are far different now, far less centralized around one exchange today, and Bitcoin market demand is much higher while Bitcoin supply is now much lower. Now, I have even more good news for Bitcoin investors. In fact, I have a guarantee!

    When was the last time I wrote a guarantee into a headline, in my almost three years of writing Bitcoin news articles? That would be sometime around never. Today, I will make a prediction, a New Year’s resolution, or a guarantee that Bitcoin’s market value MUST exceed $1000 USD by the end of the first week of 2017. It is fait accompli, and I’m being pretty damn conservative here. I’ll be shocked if the price isn’t in excess of $1100 by January 10th, 2017. Here’s why.

    The answer is pretty simple and straight forward, and as usual, it revolves around China. China is by far the largest Bitcoin market in the world, controlling about 95% of the world’s purchasing from fiat into Bitcoin. January 1st is the start of a new year, obviously. This also represents the start of a new annual $50,000 quota to convert the yuan into foreign exchange resets in China. Every year, you can take $50,000 worth of Yuan and invest it elsewhere. It doesn’t take a rocket scientist to see where China loves to put their investment capital these days, or in the days to come.

    “In the new year, the new foreign-exchange purchase quota starts, so we expect yuan positions in January to drop significantly," Liu Dongliang, an analyst at China Merchants Bank Co., noted earlier this month." 

    In other words, come the first week of January, there will be the equivalent of a bank run throughout China, at least by the savvy investors, and they won’t be looking to withdraw $50,000 to buy groceries. Chinese investors will be dumping Yuan to get Bitcoin and other valuable assets like Gold, Silver. Bitcoin’s “bull run” should be expected to continue through at least the first couple of weeks of 2017, if not the entire month of January.

    China’s purchasing power consistently sets the global market price on Bitcoin, so a wise investor would continue to stock up, as their investment will continue to grow in 2017. Maybe this explains the run on BTC tin China taking place as we speak? Maybe Chinese investors are reading the tea leaves for 2017?

    In any event, Bitcoin has made this a Merry Christmas for Bitcoin investors, and it seems destined to also create a Happy New Year for all of those wise enough to invest into what some are calling “The Future of Money.” If you haven’t begun investing in Bitcoin, make your New Year’s Resolution to start now today, and take advantage of a great time to be a Bitcoin investor. I guarantee you will enjoy your investment returns in January of 2017

    If you are new to Bitcoin, feel free to join the community here at bitcoinnect.co, and click here to get a free online education in how you can get started using Bitcoin in 2017, and discover all that a Bitcoin can do for 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

  • European Union Begins Crackdown on Bitcoin and Altcoins in the name of Fighting Terrorism

    ​The narrative that “terrorism” is a great reason to take everyone’s freedom’s and privacy is being played out in the E.U. on a daily basis. Whether it is women being taught to wear makeup over bruises from immigrant attacks to restrictions on cash and precious metal usage, the E.U. is quickly collapsing into a failing socialist state. As Bitconnect has reported previously, Bitcoin is certainly on the list of nice things the average citizen can’t be trusted with int he region, and even altcoins are under attack by the new E.U. regulations.

     

    The E.U. Council created an official draft last week outlining its position for more stringent EU rules set to prevent “money laundering and terrorist financing.” The draft directive has two main objectives: To prevent the financial system to finance criminal acts is used; the transparency rules should be tightened to prevent money be kept secret on any large scale.

    Using recent “terrorist” events, what some are calling “false flags,” as justification, this draft directive aims to ensure a balanced balance between the need for increased security and the need to protect fundamental rights and economic freedoms. The proposal is part of the Action Plan the Commission to combat the financing of terrorism.

    First on the list is limiting the “risks associated with prepaid cards and virtual currency.” The threshold for determining holders of prepaid cards has been reduced from € 250 to € 150 and the requirements for the review of customers have been extended. Exchange platforms for any and all virtual currencies and providers of electronic purses must comply with their due diligence and conduct customer checks to remove the anonymity of such exchange transactions. This is what they said about cataloging digital currency users:

    “The report shall be accompanied, if necessary, by appropriate proposals, including, where appropriate, with respect to virtual currencies, empowerments to set-up and maintain a central database registering users' identities accessible to FIUs, as well as self-declaration forms for the use of virtual currency users.”

    Of course, a central database can be hacked from the outside, or surveillance from the inside, which is safety features of Bitcoin and other digital currencies users are trying by being decentralized in practice, but this of course if of no concern to the E.U. Council or Commission.

    European Union Member States have 12 months to transpose the directive into national legislation. However, longer deadlines (24 or 36 months) apply to the implementation of the various provisions relating to the registers of economic owners.

    One of the many flaws in this pending legislation is that it has been proven that Bitcoin is not a source of terrorist funding. The HM Treasury in Great Britain spent 2015 doing an exhaustive review of all the sources of terrorism funding and Bitcoin came in at the bottom of the list, with cash and bank transfers being the primary sources. For details on this U.K. study on the matter,click here.

    The E.U. legislators have clearly not done nearly the research as the HM Treasury, and have provided no information showing Bitcoin to be a source of terrorism financing, but they intimate that it could be used in the future, so the spin is that are basically being proactive.

    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

  • 4 Reasons Why Bitcoin Hasn’t Caught On…Yet

    ​​If you are inside of the Bitcoin community, congratulations! You are more on top of your economic future than 99.99% of the world’s population. You are sitting on the cutting edge, an early adopter, making history. You probably understand just how special Bitcoin is, and may be confused as to why everybody else isn’t going through Bitcoin-mania. Let’s look at 4 reasons why Bitcoin hasn’t taken the world by storm. Maybe you can do something to help “The Future of Money” grow in 2017 and beyond.

    Ignorance

    The biggest problem facing Bitcoin around the world is that the world really doesn’t know about Bitcoin’s capabilities. Hell, there are still a couple of billion people in the world who really don’t use the Internet, so they definitely aren’t using Bitcoin. Other may be older, or less tech savvy, and would not be attracted to something so advanced. If we all just sent any positive Bitcoin news out once a week to our social circles that could help generate some curiosity.

    Bad press from mainstream media

    Bitcoin is getting some good press right now, but it had to more than double in value over the course of 2016 in order to get it. Otherwise, the mainstream media, many times bought and paid for by commercial banking interests, are not about to promote Bitcoin to the masses. There are virtually no advertising dollars from the bitcoin community going to the mainstream media, so what’s in it for them?

    The established financial players who are buying time are really in the mainstream are really competing with Bitcoin’s contrarian message, so when there is bad news, expect to hear about it in the MSM. The only time many people have heard of Bitcoin was when someone is getting ransomware for it, or an exchange folds and millions are lost, so it hasn’t made a good first impression in the mainstream.

    Not needed in influencial markets

    Bitcoin right now does two things. It is a pretty good investment and a fledgling global currency. The fact is the world has Visa, Mastercard, and Amazon 1-touch, so the digital currency angle is going to take awhile to hit home. Life is pretty convenient with payments if riddles with identity theft and counterparty risk. The places that could use Bitcoin the most really don’t have the investment potential or online infrastructure to use it properly. The United States tends to be the global; trendsetter, and as long as the U.S. Dollar is the global reserve currency, America is not going to be big into Bitcoin any time soon, so Bitcoin will have to start its own fire.

    Intimidating

    Bitcoin has come a long way in the three years I’ve been involved in the community as far as its usability, but it still has the perception of being difficult to use. With new debit cards, of good quality, now being able to spend Bitcoins like cash, that should help the mainstream going forward. Hey, my Mom uses it, so it really can’t be that hard to use at this point, but the perception still needs to be overcome and start catching up with reality. It could be easier, but its good enough right now.

    I created Bitcoin Video University to educate the mainstream, so feel free to send any newbies you know my way, but we can all do our part to promote Bitcoin. Come up with an “elevator pitch,” (or use this one) send out a tweet when you hear good Bitcoin news. Bitcoin does not have a public relations department except in us. We can all do more for Bitcoin adoption. Make a New Year’s resolution to stand up for Bitcoin mass adoption, and drop a note to your social media outlets on how well Bitcoin is doing. It’s the least we can do.

    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

  • Unocoin, India’s Largest Bitcoin Service Provider, Expands With PayUMoney Partnership

    ​The Bitcoin market in India is heating up with every passing week, and as 2016 comes to a close, the market has a ton of momentum heading into 2017. Unocoin, the premier Bitcoin service provider in India has just inked a partnership with another payment leader in India, merchant services company PayUMoney, to make buying and selling Bitcoin easier than ever

    The partnership between the two is major news, for those who use online payments in India, which is a relatively small but growing market niche. PayU is the payments leader in for merchants in India, controlling almost 60% of India’s e-commerce space. PayUBiz counts Jet Airways, Amazon, Airtel and Snapdeal among its clients.

    "The partnership with PayU is coming at a time when we are seeing a huge increase in the number of wallet users in India,” said Sathvik Vishwanath, CEO of Unocoin. “The ease with which payments can be made via wallets like PayU is certainly going to benefit the Bitcoin buyers and increase accessibility to Bitcoin markets. This is our Christmas gift to Unocoin users."

    Founded in 2013, Unocoin operates a trading platform that enables Indians to buy, sell, store, use and accept bitcoin. With well over 100,000 active customers, Unocoin processes more than 200 Million Rs, or almost $3 Million USD, monthly. This represents a significant amount of business given the fact that the average Indian makes around $30 USD in daily income. Unocoin offers customers Rs 200 (about $3 USD) for opening a new account.

    PayUmoney is currently used by more than two lakh (200,000) merchants across India, so this should spur even wider Bitcoin adoption in 2017, and they claim a user base of approximately 30 million.

    The economic market in India has been turned upside down with the demonetization created by Prime Minister Modi and the central banking system in early November. The popular 500 and 1000 Rs bank notes were decommissioned without notice, ATM are either empty or not working properly at all, and the new 2000 Rs bank note is not attracting much demand.Companies like ZebPay and Unocoin are seeing their Bitcoin businesses in India grow by orders of magnitude every month, and partnerships like this are not just desirable, but for many in the region, becoming necessary.

    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 Crushes $900 Barrier in A Matter of Hours; Next Stop $1000

    Bitcoin seems destined to wish all of you a Merry Christmas, as we all do here at BitConnect. The timing of this epic “Bull Run” couldn’t be any better during this holiday season. three days have triggered a level of Bitcoin demand, activity, and trading that may be unprecedented in Bitcoin history. This factors in the millions of people who have joined the Bitcoin ecosystem since the last time anything like this happened, during the rise of Mt. Gox in November of 2013. when many of you hadn’t even heard of Bitcoin.

    Next stop: $1000 USD - All aboard!

    According to coinhills.com, the sheer volume of Bitcoin trades and the amount transacted over the last 72 hours hasn’t been seen in years. On Thursday, their numbers had shown over 22,500,000 BTCs were traded, or almost $20 billion USD worth. Through early Friday’s trading session during business hours in Beijing, another 16,360,000 Bitcoins were traded, which equates to over $15 Billion USD worth.

    Bitcoin passed $900 USD less than 54 hours after it passed $800 USD, so at this pace, it will reach $1000 USD by Christmas morning, at least in the West. So you just made over 12% on your money within the last three days. Try doing that with Gold or Silver.

    These numbers almost match the total market capitalization and bitcoins in circulation. This volume is almost exclusively out of China’s Yuan fiat currency, which accounts for 98% of all Bitcoin trades. It is fairly easy to pin the blame, or thanks, for this market movement on the Federal Reserve’s rate hike last week by 25 basis points, thus creating this ripple in the market.

    Also, understand that this may also be happening as a hedge against futures, and Gold is moving down at the same time. Many are worried about the United States’ economic strength to support an interest rate increase, and investors may be moving into Bitcoin as a “safe haven.

    Over the past three and a half years, Bitcoin has been used as a ‘safe haven' effectively several times, including in Cyprus in April of 2013, the Grexit" in the summer of 2015, and theBrexit" earlier this year. People who move fast usually make a handsome profit, and that is definitely the case for some who began moving on Tuesday and Wednesday.

    So Happy Holidays from BitConnect’s News Department, and have a great Christmas weekend, wherever you are. Enjoy your (potentially) $1000 Bitcoins! Buy a Tesla with Bitcoin (either a Model S or pre-order a Model 3.) You deserve it for being smart enough to invest in Bitcoin in 2016.

    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