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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.




  • 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

  • 5 Reasons Why Bitcoin Prices Will Continue to Rise in 2017

    Some of the people here at Bitconnect and reading the article just love the technology and ethos of Bitcoin. Many others are strictly speculators, thinking about making more of an ROI with Bitcoin. However you got here, I am happy that you are here. For those who are merely financially motivated, good news! Bitcoin is growing at a rate of over 60% this year, after a more than 35% gain last year, and may gain even more in 2017. Here are 5 reasons why this should be the case.

    India

    Bitcoin is fairly new in India, but it is already making all kinds of gains. India is a heavily cash-based culture, so the recent capital controls we have reported on have hit the citizens hard. This issue has forced many to consider economic alternatives like Bitcoin. Essentially, this action by the banks and government may have started a Bitcoin fire in the world\s most populous country that they may never be able to stop.

    According to Sunny Ray, co-founder of Unocoin, India’s largest Bitcoin company, Bitcoin has gone from selling in the hundreds of thousands of USD worth a month at the start of this year to millions of dollars a month now to tens of millions by early next year. If Bitcoin continues making a good impression,and the governments and banks keep forcing the people to look elsewhere, over a billion people may just discover “the future of money.” That might help Bitcoin values. Maybe.

    Winklevoss ETF

    This ETF project, from the creators of the Gemini bitcoin exchange in New York, has been in the works for years and should come to some resolution in 2017. The twins found a way to get a Bitcoin exchange through regulators in New York; not easy. And Wall Street is looking for something custom-tailored to their investment needs, so expect this to get done in the first half of 2017.

    When this goes through, new, well-heeled investors can create puts, calls, margins, funds, derivatives and more. A major infusion of Wall Street money can only help Bitcoin grow in value. The daily transaction volume from this alone can change the price, and some say it can remove some of the volatility. Once this is approved by the Securities Exchange Commission, this would also have a domino effect in London, Japan, Beijing, and other major markets.

    The U.S. may set the standard, and the rest of the world will fall in line, creating a tidal wave of investing. This has the chance to be the biggest thing in Bitcoin’s history. This may only happen if the next part comes to fruition…..

    Segregated Witness

    In order for Bitcoin to grow, it will need to scale, one way of another. Bitcoin is suffering through a glass ceiling that is the 1 MB block size, and SegWit can solve this problem. Thought to increase block efficiency and effective size by approximately 70%, this will allow more transactions, and more people to use the Bitcoin blockchain without bogging down the system. No more 45-minute waits for transactions to clear.

    If Wall Street tries to get in and Bitcoin has not scaled at all by then, that could be a major situation.

    The Continuing Collapse of the Globalist Model E.U.

    The European Union is not making friends with many of its member nations. A wave of nationalism is starting to sweep the region, as Nigel Farage has helped remove Great Britain from the E.U., at least in spirit. Greece is not a willing E.U. participant, after the last two years of problems, and France is looking at moving on next year with their election cycle ending and a nationalist gaining momentum after President Trump's election opens the door for her. Also, Spain and Italy are struggling and may boil over next year.

    The point is you should expect more economic turmoil in 2017 from the Eurozone, and as history has shown, uncertain times mean boosts for Bitcoin values. There is nothing certain going on in the E.U. except for more uncertainty.

    Smart Contracts

    Rootstock should have Bitcoin-capable smart contracts in the next few months, and this can move interest from Ethereum, the #2 decentralised digital currency in the world, to Bitcoin. As Bitcoin learns new tricks and takes on new technologies, its functionality increases, and so does its market value.

    So Bitcoin is brimming with upside potential. The mainstream hasn’t even scratched the surface of what Bitcoin will become. It will be exciting to see them catch on and discover a better way forward.

    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 Progress Report: India Counts over 1 Million Bitcoin Users

    ​​Bitcoin gets a lot of headlines for the criminal minority that use it for illegal means. The fact of the matter is that for every person who uses it to make committing a crime easier, there are 10 people who use it because it is a better way to do real business.

    For those who see all of the built-in compromises in an established paradigm, Bitcoin attracts those who see a brighter future, with fewer fees, faster transactions, and more pure value delivered each time. Today, BitConnect looks at the nation of India to see how Bitcoin is progressing in what will one day become the world’s most populated country.

    Bitcoin’s Local Image Has Improved Dramatically

    According to MSN, there are approximately one million Bitcoin users or enthusiast in India alone, from all walks of life. People have discovered that it is not a dark, criminal weapon, but a new piece of technology that can help anyone do business better. Mohit Kalra of Delhi had mined Bitcoins since 2010, but had no way to spend them, so he created Coinsecure to exchange them into Indian Rupees easily, trading 9000 Bitcoins each month. In India, there are more women who use Bitcoin than in Western culture, with about 15% of Coinsecure’s business coming from women, mostly over age 30.

    Sandeep Goenka joined Saurabh Agrawal and Mahin Gupta to form ZebPay, an app lets smartphone users buy and sell bitcoins. It also lets them spend bitcoin to pay their cell phone and DTH cable TV bills, buy data and talk time top-ups and detailing and pizza vouchers, just like they’d spend regular money. The 13- month-old company’s trade turnover was 18,700 bitcoins or about Rs 75 crore last month. Their app crossed 1 lakh downloads across Android and iOS, last month.

    Cash is unwieldy and unsafe,” says Vishal Gupta, creator of SearchTrade, which pays contributors in Bitcoin. “Cheques and credit cards need banks, but banks are incentivised to take risks, so they keep making a mess and get bailed out at the literal cost of the people. (Bitcoin) is operated by the very people who use it, so it offers the accountability and trust that our banks cannot. It also has no geographical boundaries. Unlike a dollar, a dirham or a rupee, a bitcoin has the same value the world over.”

    Shubham Nawariya began his business as a Bitcoin broker as a side business while in graduate school for computer science. He now trades full-time, moving about three Bitcoins daily, helping people send value worldwide. Updating people on what Bitcoin is really about is a full-time job.

    “I have to keep explaining to people that, in India, no one is interested in buying drugs with bitcoin,” he says, laughing. “It’s for sending money anywhere, in a few minutes, with no leaks, instead of running around between banks the whole day. And, of course, to stash your wealth.”

    Bitcoin’s currency technology, including its vaunted blockchain technology, is clearly a cut above the current status quo. If countries like China and India continue to gravitate towards this form of digital currency, with over 2.5 Billion people between them, Bitcoin is really most likely to become “the future of money.”

    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